Hilary, The Donald, tax plans and the economy.

Over the last week we have seen both Hillary and The Donald’s plan for the economy.  Hillary has presented us with her plan to get the economy moving and create millions of jobs.  We have been told the economy over the past seven plus years has been unbelievably great, even though we have seen the lowest worker participation in nearly 40 years.  Hillary’s plan includes new shovel ready spending that will create many jobs.  Of course, she did not mention the last shovel ready spending that went to those who supported Obama’s campaign, and Obama and company laughed that the shovel ready jobs were not shovel ready.  This plan also includes tax increases for all wage earners and not just those she designates as wealthy.  You must also add the local and state taxes you will pay if you state has an income tax.   In essence, you will pay more taxes contrary to what you are being told.  Remember, this is the same party that gave us Obamacare where we all saved $2500, kept our doctor and insurance plan.  Obamacare, one of the biggest rip offs of all time that was based on lies and deception.  

Donald Trump’s plan reduces taxes to all including small business, the real job creators, eliminates the death tax, and cuts the capital gains tax to 15%.  We presently have one of the highest in the world.  In addition the false promises of Obamacare will be eliminated and new medical coverage will begin where insurance companies will have to compete over state lines for our business.   Something we have not seen.  Competition, means companies will have to fight with each other for your business.  

What the socialist/Marxist democrats have always failed to understand is that socialism does not work and has never worked.  (Venezuela, the perfect present day example) Government does not create jobs, but can encourage businesses of all sizes to create jobs by eliminating burdensome regulations that have been restricting business from hiring additional employees as well as being forced to offer Obamacare that also forces small businesses to eliminate hiring and causing layoffs.  Business have to make money to stay in business and it appears the socialist/Marxist democrats believe making money is sinful and outrages.  This from those who have been feeding from the public trough their whole life.

The Trump tax plan will initially increase the deficit, but combining it with cuts in spending, especially in the excessive number of government agencies, that only duplicate services. Many of these agencies have been created to always serve as a conduit for hiring by the democrats to increase their voting base.  The democrats have never discussed spending cuts.  If you do not believe that, do a search.  The last person that suggested cuts was JFK.  We are presently spending nearly $1 Trillion over what the government takes in taxes.  But, we have to admit, both parties are afraid to talk cuts for fear of losing votes and not getting re-elected.  Those who have developed the Trump plan have indicated in all their conversations that we must have cuts in spending or we will spend ourselves into oblivion.  What we do know and can say with absolute certainty, is the democrats do not and have not recommended any cuts, unless it is in military spending where we are being depleted every year of the Obama term.  We are coming to the point where we may not be able to defend ourselves or friends against aggression.  

The bottom line is cutting taxes, reducing burdensome regulations that hinder businesses of all sizes, will put more money in the hands of those who spend, me and you.  Also, this allows businesses to expand that will increase hiring, giving us more jobs and more money in the economy, more taxes for government with more spending. 

When you restrict the income of both businesses and individuals, you decrease spending either for expansion of businesses or for families or individuals that purchase items.  It is simple.  People spend, businesses make money, they expand, more people are hired and wages increase and then people spend more and the cycle continues.  But, regulations that restrict what a business can or cannot do, restricts growth in the economy.  Doesn’t take a brain surgeon to see the cause and effect.  Then again, it seems the democrats are missing brain surgeons.  Common sense, you make more, you spend more, whether you are an individual or business.  

When JFK suggested in his inauguration speech in 1961 that we should strive to put a man on the moon in this decade, we did that in 1969 and business not government led the way and jobs for this project was increased by business in developing this technology.  Competition among businesses increased and so did not only technology, but employment.  Businesses hire the technocrats to accomplish the task, not government.  Businesses control spending, while government will just tax more and spend more and accomplish nothing.  Just look at the money the Obama administration has invested in green energy companies that have gone under after receiving our tax dollars.  Companies that were having financial difficulties before our tax dollars were handed out, but these bureaucrats gave our tax dollars out anyway.  By the way, these companies were Obama supporters and the payoff was given.  

So, Hillary has proposed an economic plan that she claims will bring jobs into the economy and the one question she should be asked is:  The Democrats, Obama administration and Hillary have all claimed the economy is growing and 14 million jobs have been created in just 7 ½ years.  So, if the economy is so great, why not just continue the Obama economic plan?  Because we all know 14 million jobs are supposedly created, but most of these jobs are part-time, or people are under employed based on their knowledge, skills and ability and were in dire need of a job.  Many experts have indicated the real unemployment number is at least 10% and incomes have been down and this is the slowest recovery since the 1929 depression.  

So, if you are happy with this slow economic recovery, businesses going belly up, stores closing and income shrinking and Hillary wants to add for burden to the worker and taxpayer, then the democrats are your choice.  However, if you believe a proving business person is the best answer to a slow recovery and poor business outlook, then Trump is your person.  Of course, we all know Trump must understand that his every word will be dissected and twisted to fit the anti-Trump and anti-republican narrative.  The news media is not and has not been his friend and he sooner he realizes this, the better candidate he will become.