Thursday, July 19, 2012

Obama's Tax Will Fund Government for 8 Days

When President Obama announced that he again wanted to increase taxes on the top 2 percent of taxpayers, I would have recommended to Mitt Romney that he reply by saying: "President Obama has called for a tax increase on job creators, which will only fund the government for eight days, while I have an economic growth program that will fund the government for eight years and beyond.

Gov. Romney is being justifiably criticized for not delivering a clear and concise description of his economic plan. Since he has not done it, I will give it shot.

I don't know if Romney will turn out to be another Ronald Reagan when it comes to taxes, spending and regulation, or will fall seriously short as did those who succeeded President Reagan (except for President Clinton on spending). What I do know is that Obama will almost certainly increase taxes, spending and regulations, if re-elected.

Romney needs to clearly state the economic problem and the solution in a few bullet points that people can remember. (Most people cannot remember all Ten Commandments so any candidate who has a program with more than a very few points has little hope the public will remember.)

The economy is growing too slowly and producing too few jobs because:
  • The government is wasting money on programs that don't work or work poorly.

Read more on Newsmax.com: Obama's Tax Will Fund Government for 8 Days

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