ECONOMIC FREEDOM
We stand for economic freedom which means a growing economy with reduced tax rates and reduced government spending so we all have a chance to earn more money and businesses can hire more people.
We support policies that allow you to keep more of your own money to do with as you see fit and policies that will provide for and enable opportunities to find good jobs or create and grow businesses. Likewise, we support policies that will present the best chances for the United States to grow and maintain its position as the world leader for economic opportunity.
Washington has made it very difficult [1] for the average person to get ahead and it has been very poor stewards of our tax dollars. [2] Many of its policies, no matter what the initial intent might have been, often end up restricting economic opportunities and job growth, the encumbrance of additional taxes and regulations [3] are sure means to failure.
With lower taxes, individuals and families will have greater resources and opportunity. It is in keeping with the principles of the American Dream: Working hard and being rewarded; keeping more of what you earn, and using it as you believe is in your best interest without harming others. The surest road to this economic growth and the freedom from our looming debt is through a tax policy that is fair, flat, and fixed. If it were, individual Americans would best determine the use of their money, and businesses would be afforded the predictability of tax rates, allowing them to grow and hire more employees.
While America’s founding principles began as a beacon to anyone running from tyranny, today’s permanent political class has become a significant roadblock to pursuing and achieving the American Dream. This has resulted in a lower standard of living for too many, [4] and the general feeling of financial uncertainty and despair among those who used to believe in hope, sensing that their American Dream is far out of reach. Tea Party Patriots support greater competition among producers and providers, which will compel competitive pricing for goods and services. We support policies that empower individual citizens, not Washington’s insiders, thus reducing what Washington spends so more can remain in your hands; empowering you to decide the best use of your money.
1: “2014 Index of Economic Freedom.” Hearitage.org 2014. http://www.heritage.org/index/ranking
2: Sahadi, Jeanne. “Where’s the Debt Ceiling Now?” CNNMoney. 12 February 2014. http://money.cnn.com/2014/02/11/news/economy/debt-ceiling-reset/
3: Boyer, Dave. “Chamber Chief Laments ‘Avalance’ of Obama Regulations.” WashingtonTimes.com 3 December 2013. http://www.washingtontimes.com/news/2013/dec/3/chamber-chief-laments-avalanche-obama-regulations/#ixzz2syc2jmQm
4: “Federal Regulation Has Left America a Poorer Nation.” Investors.com 28 June 2013. http://news.investors.com/ibd-editorials/062813-661866-dont-blame-capitalism-and-free-markets-for-poor-economic-performance.htm
Core Issues
Personal Freedom
Economic Freedom
Debt Free Future
Other Issues
Big Government
Tax Reform
Healthcare
National Debt
Immigration
First Amendment Rights
Second Amendment Rights
Voter Integrity https://www.teapartypatriots.org/ourvision/economic-freedom/
Tags
Who is online
92 visitors
Perhaps requiring businesses to pay a living wage so that American families have some disposable income to spend will do more to stimulate the economy more than a tax cut for the rich. The rich already spend as much as they want. Putting more in their pockets will not stimulate the economy. Just their bank accounts.
U.S. corporations have been flush with cash for several years. Busy gobbling up shares of their own stock...any trickle down has been to stockholders as dividends, not employees.
The wealthy are doing just fine, heck even some of us retired middle-classers are as well. Instead of a tax decrease, I'd rather see infrastructure projects addressing our crumbling bridges, high speed rail and a host of other needs.
Ok, this is truly about apples and oranges. Let's go to the produce department...
Your oranges - Many are not flush domestically. The cash on hand is abroad where it was earned.
My apples - U.S. corporations (domestically) have spent trillions in stock buy backs, increasing the wealth of their corporation, individual board members, shareholders. My apple cart referenced nothing about about earnings held outside this country.
Here's a good article articulating my point...
If you or anyone else has data to offset this position, I'd enjoy reading it.
Thanks MUVA , perhaps this is better sourcing. Still looks to prove the point I was making to Singled .
I've not cut off my nose to spite my face, have made a bucket load of money during this market cycle...remember I'm fiscally conservative
1. Corporations do not have job creation as a goal. Their only goal is maximization of stockholder wealth.
2. If there is no great un-met demand from the general population, lowering corporate taxes will simply increase corporate profits. There will be no reason for additional production and no reason to create more jobs. Additional profits may be distributed to the stockholders. They may also do stock buy backs. Since CEO's bonuses are probably based on stock prices, this is an attractive option.
3. Profits might also be used to further automate. (This applies to both manufacturing and services.)
4. It's possible that corporations might take their additional profits and expand production in another country with lower production costs.
So pretty much American corporations will simply take the money.
Now - if you really want give tax breaks for the purpose of creating jobs - give the tax breaks to little Mom and Pop businesses. They generally start up for the purpose of creating jobs - first for themselves then their families and perhaps their friends.
It's not that supply side approaches cannot work - they just need a particular environment - which at this time - I do not believe exists.
But sure - go ahead - give tax breaks to mega corporations ... we'll always have Kansas .