Saturday, Aug. 20, 2011 | 2:01 a.m.
Some of the answers to our nation’s fiscal woes are obvious. As anyone who has ever run a business knows, you must keep track of expenses and reduce them when possible. However, the key to increased profits is increasing revenue, not reducing expenses, although expenses cannot run rampant like they do in the USA.
We need national politicians who will act for the good of the country. A concerted effort must be made to reduce wasteful spending without jeopardizing the benefits promised to our seniors and the military.
It’s time for Congress to finally close the tax loopholes used by the rich to not pay their fair share of taxes. More important, it’s time for Congress to reduce our absurd corporate tax of upward of 35 percent, which has caused many American corporations to move their bases and headquarters to Europe, where they pay half that rate and less and the U.S. Treasury misses out on billions in tax revenue. This is a crucial issue.
Let’s immediately reduce the upper corporate tax rate to 17.5 percent and allow our big corporations to move back to America and pay taxes here — which they want to do.
Until our national politicians start thinking like national servants and stop this mind-boggling political gridlock, I will never again vote for any national incumbent politician, regardless of the political party he represents. If all voters think like that, we’ll soon start solving our nation’s problems and get back to the world status we should have.