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)

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