When Congress returns from its vacation, it is expected to take up tax reform. There has been a great deal of publicity about the high rate of tax on corporations. Our statutory rate is 35 percent. Different measures of the effective corporate rate range from 14 percent to 19.4 percent.
The difference between the statutory rate and the effective rate is caused by the many special deductions and credits allowed (loopholes). President Trump has proposed a corporate rate of 15 percent.
The average corporate tax rate for G-7 countries (Canada, France, Germany, Italy, Japan and the United Kingdom) is 21 percent.
For the period of 2008-2010, 30 major corporations had a negative rate of minus 6.75 percent. Currently, our tax code is cluttered with deductions and credits that benefit only special-interest groups.
We certainly need major tax reform but reform that leaves loopholes intact is not reform.
As concerned citizens, we should assure that badly needed reform is fair to all.
The First Amendment needs to be amended. It allows a group to riot and burn everything in sight based on protected free speech. It allows one group to rant and cuss at another group.
If they get too loud and too close, things get physical and deadly like they did in Charlottesville, Va.
I am tired of hearing "we need to get together and work things out." That is like trying to mix water with oil. We need some decisions made by all of us if there is going to be a positive change.
If you reach out to shake someone's hand and he or she shows trust by shaking, you both will become better for it. An emotional chemical starts to turn the oil and water into a single solution.
The First Amendment should never be an excuse for what fools do.
So how do some people always know what is best for other people? They always seem to express insults and hatred. Never a kind word!
They constantly blame liberals for the world's problems -- seemly unaware that the world is ruled by conservatives. Where are the ruling liberals in Asia, Eastern Europe, Latin America or the USA for that matter?
These cowardly ultra-conservatives should be ashamed of their attempt to put an end to any legal political idea that disagrees with own their hypocritical beliefs.
They cannot comprehend that their action forces the liberals to have less appreciation and respect for the conservative causes.
In the end, for me, I don't want to be a part of any hate group.