Cruella
Well-Known Member
- Joined
- Feb 20, 2012
- Messages
- 4,311
Best thing to bring down the debt...would be jobs...and jobs don't come from cutting.
Your right about jobs, but raising taxes only insures that there will be fewer of them. The U.S. has the highest Corporate taxes and the small business guy is taxed at his personal rate, which could be as high as 40%, not counting all the other taxes he has to pay in relation to operating a business. There are hundreds, no thousands, of business regulations that also hurt businesses that are hidden taxes and prevent new companies from forming. Several successful business men have recently said there is no way they could have started their companies in today's business climate.
The biggest hindrance to people getting good jobs or starting a business today, is the abusive government interference. The more people who are working and paying taxes, the more money the government gets, and the more money there is for those who truly need it.