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Considering the recent
theatre and grandstanding going on in
Congress and "Presidential scare tactics"
to seniors with respect to the Deficit
Ceiling needing to be raised and on the
table tax increases - the plain truth is
that Congress and the President spend like
drunken sailors on benefiting themselves
and they are the ones whom need to be put
under the microscope and brought under
control. Want improvement in the US
Government, here is a good place to start -
with THEM:
1. No Tenure /
No Pension - A Congressman collects a
salary while in office and receives no
pay when they are out of office.
2. Congress (past, present &
future) participates in Social Security.
All funds in the Congressional retirement
fund move to the Social Security system
immediately. All future funds flow into
the Social Security system, and Congress
participates with the American people. It
may not be used for any other
purpose.
3. Congress can purchase their own
retirement plan, just as all Americans
do.
4. Congress will no longer vote
themselves a pay raise. Congressional pay
will rise by the chain deflated CPI
.
5. Congress
loses their current health care system
and participates in the same health care
system as the American people.
6. Congress
must equally abide by all laws they
impose on the American people.
7. All contracts
with past and present Congressmen are
void effective 1/1/12.
8. Congressmen
are not allowed to trade securities while
in office. Black-out period begins once
in office, and ends once out.
As for taxes -
in industrialized nations if considering
the closing of loopholes for the Federal
Governments preferred cronies and
partners in crime i.e. GE, Halliburton,
Etc. -
the US has the HIGHEST Corporate
tax rate in the World - If I am not
in one of the Loophole industries - Why
in the hell would I want to put my
business there?
Or if already in
the US - I can achieve an immediate 25%
tax decrease and up to a 35% or more tax
decrease when considering State Corporate
Taxes by simply moving my company
somewhere else like Macedonia, Bulgaria,
or Singapore (tax decrease equals Pay
raise).
In some cases
Corporations in the US are getting
totally raped paying a 49% combined
Federal and State Tax rate not to even
consider personal tax - Hell with that -
move your corporation or company to
Bulgaria and pay 10% corporate tax and
since you own the corporation or company
a total of 15% combined Corporate and
Personal Income tax!
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