Cut Taxes To Create Jobs

The top 1% of income earners already pay 39% of all federal income taxes. The top 5% pay 61% and the top 10% pay 73%. President Obama's tax piracy policies on top of this will cause capital flight from the U.S., as both domestic and foreign capital seeks more friendly tax jurisdictions in emerging markets in India, Brazil, China, South Korea, and even in Eastern Europe where favorable flat tax policies now proliferate. Yes, even the Communist Chinese feature more pro-growth economic policies than Barack Obama. As discussed above, even most of Western Europe will have more competitive tax policies. There is no rule of reality that says America has to have the highest standard of living in the world. Under this tax piracy, it soon will...