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CNN once again proves how out of touch they really are.


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2016 May 17, 3:59pm   596 views  1 comment

by Tenpoundbass   ➕follow (7)   💰tip   ignore  

http://money.cnn.com/2016/05/17/news/economy/us-economy-trump-clinton/index.html

On top of that, the U.S. has a very complex system of credits and deductions. Reaser argues that lowering tax rates is "probably the fastest short-term boost we could deliver for the economy." Mark Hamrick, the Washington bureau chief of Bankrate.com, believes corporate tax reform has the "greatest opportunity for bipartisan support" next year.

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1   Tenpoundbass   2016 May 17, 4:20pm  

1. Corporate tax reform

"Our tax system is extremely uncompetitive internationally," says Lynn Reaser, chief economist at the Fermanian Business and Economic Institute at Point Loma Nazarene University.

2. Reduce uncertainty

"Uncertainty is one of the reasons that businesses aren't investing," says Bill Watkins, executive director of the Center for Economic Research and Forecasting at Cal Lutheran at a former economist at the Federal Reserve.

3. Infrastructure spending

Congress has to bump up money for infrastructure: roads, bridges, dams, power lines, etc. Study after study points out the aging infrastructure in need of repair just to be suitable for current business activity. And that's to say nothing of the investments the country needs for the future, especially a high-tech future.

2008 Ecconony Cheerleading poppycock!

Not even close to what needs to be done.

1)Bank reform US stops lending them money and make them work the old fashioned way for their money by paying savers to keep their money in their genepool where they hire productive people to make prudent investments with those funds so they can pay savers interest. The only difference than what it is now. Is banks will hire people who are profesionals to invest. The FIC will have to be diligent again and Wall Street crooks will be on the hook. Because it will be banks that are making the profits from the investments. The banks that assumes the risks the bank that then pays the savers interest from the money they make. When times are good, interest rates paid are high, and the other away around as well.

2)Less little man regulation that prohibits collective mom and pop operations from competing with unregulated giants.
A good current example of this would be Uber. Uber gets to skirt every local financial requirement to pay drivers peanuts to use their own car. but those same people could not just start their own local Taxi service.
Not to mention what a slap in the face to Taxi medalion holders Uber is. Not that those people who enjoy the same Government sponsored monopoly are worth sheding a tear over as well. But if Uber can pay me to drive my car. Then I should be able to stick a sign on my car and charge passengers to take them to their destination without the Taxi medalion. Since Uber can do it. Not just with car driving services, pretty much every trade in the country is hard to work as a mom and pop independent. because huge companies work the city council to require permits to even as much a plant perinials by a walk way now. And the permits can only be pulled by licensed contractors. That has their EPA certificate, their Libility insurance, the must be bonded per job, have Workman's comp even if they work alone, and pay Obamacare if they have an employee, and Oh have a license. It's about 4500 a year, and most hand to mouth trades people don't have that kind of cash laying around when those fees all come due. So they end up working for the same few companies that lobbied for those requirements.

3)End pattent trolls, use it or lose it! And reform what can be deemed as interlectual property and orginal ideas. I mean a smart phone screen and it's nomaclature should have never been anything that was pattented.
The techonology inside the sensors, the hardware, the micro scale design all of it. But but what pops up on the screen is for the Copyright office to argue, not the pattent office.

4)build a strong small business adminstration that loans to qualifed busines plans, with a preference on manufacturing. Hello open source modular car building. And all of the indsutry that would make the thousands and thousands of options. Just to name one idea.

5)and perhaps some of that Taxation and terrifs on foreign and domestic companies that take advantage of the previous admistations one sided trade deals.

That other stuff CNN was talking about has about as much baring on the ecconomy as Trannies in bathrooms. Though Target's stocks have lost 4 billion in the last few weeks.

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