Friday, September 16, 2011

Regulations and Loop Holes

 
I am for as little regulation as possible. But when corporations come to the government for bail out instead of to their investors we taxpayers must have control of our dollars. Allen Greenspan thought the financial industry could regulate itself but after the fiasco he said he had been wrong. Do not expect to be free of all regulations.
 
When the current tax code was developed some smart lawyers and accountants found some loopholes permitting rich people and corporations to avoid paying some taxes. Eliminating those loopholes is not raising taxes. If the Republican's rich friends were going to create jobs they would have created them by now. So forget protecting them.
 
When Bush was the president his "stimulus" package was not appreciated by the Democrats. When Obama is president the Republicans do not appreciate it. I am also concerned about the over spending but our Representatives and Senators shoujld not consider regulation and stimulus  and closing loopholes in the tax code as major obstacles to coming to an agreement.

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