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Sunday, July 18, 2010

Bob Brinker Says Cut Taxes To Help Economy

Today Bob Brinker gave his advice to president Obama and the congress about how to help the economy. His advice was
#1 Cut corporate tax rate from 35% to 25% so US corporations are paying the same taxes as most other industrialized nations.

#2 Allow same year expensing of business investment.

#3 Postpone plan to increase taxes in January.  He got pretty worked up over this:  "This is no time for a country that is dealing with a slow growth economy like this and a housing malaise..... to be raising taxes.... NO TIME TO BE RAISING TAXES."
Brinker says all three would be positive for the economy. 
FWIW, I agree but I would settle for #1 and #2 and let the president save face by increasing taxes on those making over $250,000 in exchange for cutting the corporate tax.  That would bring more jobs into the US in exchange for a higher tax on those who already have a good job.

Since 12/31/98 "Kirk's Newsletter Explore Portfolio" is UP 152% (a double plus another 52%!!) vs. the S&P500 UP a tiny 1.4% vs. NASDAQ  down 3.8%!!!   (All through 6/30/10)
In 2009, "Kirk's Newsletter Explore Portfolio" gained 33.5% vs. the DJIA up 18.8%
For 2010, as of 7/15/10, the explore portfolio is up 2.3% YTD
vs. DJIA 
down 0.7% vs. S&P500 down 0.7%!

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