Thursday, September 06, 2007

Predicted as Present

Rudy Giuliani seems to have a very positive set of proposals as outlined in the September 10, 2007 [p24] issue of U.S. News and World Report. He notes that the Democrats might already be having a negative impact on U.S. investment in the United States because the threat of tax increases by the party likely to win can currently be taken as real. He points out that a business can go to much lower taxed places and hear a better pitch for the business. France has lower taxes than us and is preparing to cut. He notes that only Japan has higher taxes on business than the United States. Businesses are already looking outside the United States. They have long term views that do not allow them to wait and see if the predicted is true. The giant Democrat tax hike is reality when you look at a reasonable future, and business is acting now to adjust.

At the lake, the same is true. Investments are anticipating a tax increase following a Democrat victory in 2008. Like Amy Klobuchar [D Senator] of Minnesota, they talk its impact starting at $200,000 or more; but gee it never starts that high. Protective investment is the goal now.

The positive impact of the Bush tax cuts is clear. Guiliani makes a nice case backed by the figures. The hope is that the Democrat, liberal tendency to favor redistribution does not end up moving even more jobs to India, France, Ireland, and the rest.

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