Paul Ryan wrote an op/ed piece in the Wall Street Journal about the road to recovery
Read it here
He hit it out of the park IMHO. Centralization is not the answer for anything. It shuts down doors of opportunity and shifts our eyes from making our own luck to looking for the Government to create luck for us. It is a European ideal. I thought our fore fathers broke ties with Europe for a reason.
Mr. Ryan does a far better job of illustrating my feelings on this recovery. He does leave out an idea that my father had when we were talking about the automaker bailout. Dear old Dad’s contention was that if the Government wanted to truly help stimulate auto sales then make the interest on auto loans tax deductible. This would be executed in a similar fashion to a home. It’s an interesting idea. It removes the government trying to engineer some solution by dictating to the market what should be sold and puts it back in the hands of the people. Really back where it belongs.
1 comment:
I disagree. I believe we should get rid of all of the 'deductions', and just lower all tax rates. The only thing that these deductions/credits/exemptions due, is complicate the tax code. Get rid of ALL special interest tax cuts in personal and Corporate tax codes. Simplify it all and make it better for Everyone.
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