Lower Corporate Tax & Federal Spending

'Betrayal': U.S. economy reeling from 2 disasters of 2015, 'This is an urgent problem. The alarms should be going off', Greg Corombos, 12/25/15, WND

Respected conservative economist Stephen Moore says America’s fiscal health was damaged by two terrible developments in 2015: the Republican “betrayal” on federal spending and the ongoing exodus of American companies that refuse to keep paying the highest business taxes in the industrialized world.

Moore is a senior economic contributor at FreedomWorks and is a distinguished visiting fellow at the Heritage Foundation. This past year, he also advised multiple presidential candidates on their tax-reform plans and was the principle author of the flat-tax proposal offered by Sen. Rand Paul, R-Ky.

For Moore, the worst economic development of the year is also the most recent. He is appalled that Republican majorities in the House and Senate allowed the $1.1 trillion omnibus to pass easily.

“It was a betrayal,” Moore told WND and Radio America. “The Republicans won the House and won the Senate promising voters they would get control of the budget, that they would be fiscally responsible, that they would help balance the budget and that they believed in limited government. We got none of that.”

While House Speaker Paul Ryan, R-Wis., characterized the omnibus as a compromise that scored wins for Republicans on lifting the crude oil export ban, tightening rules in the visa waiver program and strengthening the military, Moore says there’s no question Democrats won this fight.

“This was a huge, huge win for Nancy Pelosi and Harry Reid and Barack Obama,” he said. “They got all their social programs, the climate-change agenda, the green-energy stuff, Planned Parenthood. All of that stuff was funded. They laughed all the way to the bank.”

He says Republicans even rubber stamped Obama initiatives they had earlier branded as unconstitutional. “All the executive actions that he’s taken on immigration, sanctuary cities, on health care on labor issues – and I could go down the line – all these things the Republicans have been complaining about quite rightly about Obama being an imperial president and walking all over the Congress, now Congress turns around and funds all that stuff,” Moore said.

“Shame on Republicans, who control the purse strings, for agreeing to something that busts our budget at a time when we have an $18.5 trillion national debt,” said Moore, who believes GOP leaders simply tried to avoid a fight near a budget deadline.

“I think they were terrified of a government shutdown, so they negotiated very poorly,” he said. “They told Barack Obama in effect, ‘Please President Obama, don’t shut down the government. We’ll give you anything that you want. You can spend whatever you want. Just don’t shut down the government and make us look bad.’ Of course, Obama then walked all over them.”

Listen to the WND/Radio America interview with economist Stephen Moore: 

http://www.wnd.com/2015/12/betrayal-u-s-economy-reeling-from-2-disasters-of-2015/

Comments

Lowering the corporate tax rate would bring back manufacturing.  Lowering federal spending will bring back private investment.  But we also need to keep coal powered electric power plants to keep energy costs low. We don’t need more workers, we need more jobs.  We don’t need more immigrants on welfare and in public schools.  We need to defeat TPP to save US law and we need to close our borders and deport all illegals.

Norb Leahy, Dunwoody GA Tea Party Leader