The president paid lip service to tax reform, but if you raise rates and close loopholes, that is double taxation. Furthermore, we have heard this in several Obama State of the Union addresses but have yet to see him move toward a flat income tax or a consumption-based tax policy.
Right now, the tax code is over 73,900 pages long.
Manufacturing in America, meanwhile, is recovering despite the president and his regulatory environment, yet he wants Congress to create a network of 15 manufacturing hubs. That sounds like nationalizing production to me.
How about we let the private sector expand manufacturing? Just give them the proper tax and regulatory policies for growth and expansion.
Obama’s talk about energy policy did not mention the Keystone XL Pipeline, which is truly a shovel-ready project, unlike the stimulus projects the president touted back in 2009. The Keystone endeavor submitted its application for approval 1,607 days ago, just a tad longer than our not having a budget.
Instead, it seems like the president wants to invest in more “green energy” follies. I suppose he did not learn anything from Solyndra and the several other bankruptcies, all on the backs of American taxpayers.
Obama is proposing a new Energy Security Trust, which would be nothing more than a government slush fund from increased taxes on the oil and natural gas industry. Again, he wants to nationalize production. All the American people will get are more government subsidies for an ideological, failed energy agenda.
And then there is Obama’s proposed “fix it first” program for infrastructure – read: stimulus with a twist. Add to that his idea for a “Partnership to Rebuild America,” a bid to attract private capital to upgrade ports, pipelines (just not Keystone XL) and schools. OK folks, unless you are asleep, read that as taxing people.