In any dialog among or between people, especially in debate or argument, name calling is considered inappropriate. Consequently, although I would like to call our President a liar, I will refrain.
He uses the "inciting" words of let's close the tax loophole. The choice of the word loophole attempts to rally the economically uneducated. There are no loopholes in the tax code.
Charitable deductions are the government's attempt to incentivize contributions to charity. The interest on mortgage deduction is an attempt to incentivize the purchase of homes. (Could you imagine advocating the reduction of an incentive for home purchase under current economic conditions?) The lower rate on capital gains is another incentive for us to invest our savings for the longer term.
There may be a few so called tax incentives (loopholes) that don't serve an economic purpose. These are few and far between. President Obama recently quoted Ronald Reagan. He completely took out of context what President Reagan said. Watch out for Obama. Most of his advocacy is self serving and destructive.
Buzz words like loophole are meant to rally your spirit to vote for him. Look more closely at the impact of his suggestions.
He uses the "inciting" words of let's close the tax loophole. The choice of the word loophole attempts to rally the economically uneducated. There are no loopholes in the tax code.
Charitable deductions are the government's attempt to incentivize contributions to charity. The interest on mortgage deduction is an attempt to incentivize the purchase of homes. (Could you imagine advocating the reduction of an incentive for home purchase under current economic conditions?) The lower rate on capital gains is another incentive for us to invest our savings for the longer term.
There may be a few so called tax incentives (loopholes) that don't serve an economic purpose. These are few and far between. President Obama recently quoted Ronald Reagan. He completely took out of context what President Reagan said. Watch out for Obama. Most of his advocacy is self serving and destructive.
Buzz words like loophole are meant to rally your spirit to vote for him. Look more closely at the impact of his suggestions.
