Quote:
Originally Posted by astralis
gunnut,
i would argue that it is smart for mccain to ask for a drop in the corporate tax- it helps attract international investment and boost domestic investment by corporations, while the tax itself does not contribute much to government funds (and is widely dispersed, making it inefficient).
|
That can be said about personal income tax as well. The revenue is distrubuted too wide and inefficient. I'm for cutting taxes so you'll get no argument from me here.
Quote:
Originally Posted by astralis
i would argue AGAINST cutting the federal gas tax- the difference is not enough to help either the american people (as mccain says), nor is it enough to help the gasoline companies (if they keep the difference). and the tax goes to an important sector, building up the transportation network of the US- a government good which helps the economy.
|
That's a very valid argument. It's probably the most sensible for any taxation if there is one other than for national defense. However, what I'm afraid of is congress raiding this money and diverting it for other uses like pork and welfare. California has a history of raiding all funds for their welfare.
Quote:
Originally Posted by astralis
i believe hillary was also in favor of the gas tax relief, which has been lambasted by economists. her response was to call economists "elite" and not worthy of consideration.
|
That may have something to do with her proposal to tax the oil companies to make up for the shortfall from halting the gas tax. In the end, the oil companies will just pass the cost on to the consumers. After the summer, this new tax on the oil companies will stay while the gas tax will come back. Making gasoline even more expensive.