Tuesday, September 14, 2010

Buck Dodgers InThe 21st & 1/2 Century

In this AP photo Rozanne, err Taxanne Conlin looks stunned that she has an economic policy and the scientific community is united in that fact.

Others are just stunned by the plan called, "Job Creation for the 21st Century."

One of the main parts of Conlin's plan would allow families to defer up to $5,000 they owe in federal taxes in 2011 to be paid back over a five-year period.

Conlin proposed this temporary tax break of up to $5,000 for families making less than $150,000 and individuals making less than $100,000, saying the money used to purchase a car, fix up a home or start a small business would bolster the economy.

Her campaign didn't have a cost estimate for the tax cut deferment plan. However, they say it eventually would be deficit neutral since the taxes would eventually be paid.


Conlin would also require that corporations pay the estimated $300 billion to $400 billion a year in taxes Conlin said they owe but fail to pay to the federal government.

Conlin will "require" corporations to pay the taxes they already owe, but don't pay?

Conlin also said she'd consider imposing tariffs on foreign products that compete with domestic producers. She acknowledged that likely would lead to retaliation.

William Boal, an economics professor at Drake University, said, "We should be alarmed, because we're trying to grow our exports, and anything we do that would interfere with international trade is likely to come back at us and make it difficult" to do that.

In addition, Conlin wants to preserve public-sector jobs.

That's the only sector of the economy that has seen an increase in employment since the recession began under the Dummycrat controlled CONgress.

Conlin believes her plan wouldn't add a dime to the debt.

I'm sure it will be considerably more than that, maybe even Millions and Billions and Trillions.


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