" I SEE RED" x

Hillary 's tax plan will have to wait! Today is a special two for!

Or I might follow you
Bells ring at 3 a m

Oh, I'm seeing a lot of RED ink as both candidates put forth their economic plans. I haven't heard Hillary's yet and be assured I will weigh in on it also.

First with the Donald's

Cut income tax brackets to three from five?

A Now Republicans will always tell you a tax cut stimulates the economy. A major corporate tax cut on both big and small businesses? This for the most part is true. Republicans will always bring up the Kennedy tax cuts in 1961 as well as Reagannomics  of the early 80's.
Only some very important facts have changed  since the 80's.

In the 60's we were still the powerhouse of the world even into the 80's America was the economy to be reckoned with. Plus other economy's have prospered. We now live in a global economy.

Also even more important this country is now what 20  trillion dollars in debt?

Who out there would suggest that Kennedy or Reagan would cut taxes and at the same time borrow money to build up our military? I suppose neither.

Trump continues to talk about his friend who is building factories in Mexico. If corporate tax is lowered to 15% his business will go into hyper drive... in Mexico. See although I believe in capitalism it has one major flaw, It has no conscience, making profit is what it's all about.
I will admit Canada has a 15% corporate tax but there will be no assurances of 4% or more in growth.

Remember in the not so distant pass were  told the economy would collapse if the Bush tax cuts were repealed? What happened?

Years ago the job most Americans wanted were with the big three Chrysler, Ford, GM. GE US Steel, all the fortune 500 companies. Today The #1 employer and profit leader  Walmart pays most of their employee's not even a living wage. That in the end the American taxpayer subsidizes (Earned Income Credit) like Walmart is on the brink.. Never mind that Apple's production along with Nike is offshore. Companies like GE don't even want to do business with American companies.
 I listened to promises of 'clean coal' as well as those miner's going back? No way can coal compete with natural gas. He might as well go to Michigan and promise we will again build Pontiac GTO's. And bring back Mercury and Plymouth to boot.

SOLUTIONS?

Well we are told by Trump that Mexico will pay for the wall? How probably the only way would be through tariffs. Tariffs who do you think will pay for the tariffs? The purchaser, YOU. not the Mexican government. Oh and let's explained on that . Let's say Ford builds a Focus in Mexico and Trump puts a $1,000 tariff on that vehicle. Now GM builds the Chevy Cruise in Lordstown, Ohio pretty much at the same price of say $18,000 now the Focus automatically goes to $19,000 do you think   GM will keep that Cruise at $18,000 no, it will probably go to $18,650 that's called capitalism. Same for everything from cars to air conditioners to vacuum cleaners. If there is a wall you my friends will pay for it.

I've heard about the over 96,000 people that have quit even looking for a job? Well I'm one of them it's called retirement!

End Obamacare and replace it with what  exactly?  Can we get into specifics?

I believe the American people are a little smarter than all this. Yes, no one likes a tax increase of any kind but collecting less money and borrowing more is not the solution.

Oh, and my favorite caveat? The end of the Estate Tax! This is a tax 99.98% of Americans don't pay. But well we all know someone who does, don't we?

Tomorrow we will know what the other plan will cost us?
Something everyone should remember Congress holds the purse string's not any President!

Or this tax plan could be just sarcasm?


Someone out there seems to think President Obama and Sec. of State were co-founder's of ISIS? Along with one Presidential candidate telling us in 2007. to declare victory and get out of there?Look it up  as I have mentioned before President Bush made the firm date for American troops to leave Iraq as well as  he supported  the Iraq leader who disbanded the Iraq Military with nothing but their weapons?  That I guess formed the J.V. team But I guess those facts don't matter?