Doing a deal in D.C.
Recently, New London and
The more I read it, the better sense it makes. Regardless of the merits of any particular component of the plan, if one man can come up with a coherent program, why cannot
"IT IS TIME FOR REPUBLIANS TO OFFER A TAKE IT OR LEAVE IT DEAL WITH THE
HEALTH
"Obamacare (Affordable Care Act): Repeal and replace with Medicare.
Effect: Expands the single-payer program to include all adults age 18 and older, including those with pre-existing conditions, irrespective of income, regulates service costs, assures portability of coverage. Eliminates complexity of selecting among private insurance policies.
INDIVIDUAL TAX
Single Taxpayer Income Rate: 10% under
Effect: Reduces taxes for lower and middle income workers.
Deductions: No deductions, exemptions or exclusions. Effect: Reduced record keeping and paper-work.
Filing Status: No joint returns. Effect: Taxation per individual taxpayer simplifies filings and give equal treatment to taxpayers regardless of marital status. Simplifies tax preparation.
VALUE-ADDED TAX
VAT (Value Added Tax): 10%
Effect: Ensures all
ESTATE TAX
Unchanged except for New Bracket: 80% tax on estates exceeding
CORPORATE TAXES
C Corp Tax Rate: 15% down from 35%. This rate is competitive with other major economies.
Effect: Incentivizes return of business to
Investment Tax Credit: 10% on plant, property and equipment (
Effect: Creates incentive to invest in productive assets and expand capacity thereby increasing jobs.
Interest Expense: No deduction.
Effect: By removing tax benefit, reduces risk of excessive corporate leverage leading to systemic risks in financial system.
Salaries: No deduction for salaries, bonuses and severance exceeding
Effect: Reduces indirect subsidies for excessive executive compensation which leads to inequality in compensation.
Overseas Earnings: Taxed at 15% per year until repatriated.
Effect: Incentivizes companies to repatriate trillions of dollars currently sheltered abroad. Raises tax revenue and provides cash for investment in
APPROPRIATIONS
Infrastructure: Appropriate
Effect: Creates jobs and contributes to a more secure, competitive and robust nation.
Effect: Showcases
AGREE TO MAKE AMERICA GREAT AGAIN!"
Read these proposals over a few times and consider what would happen if
Then compare that scenario with what is going on in
Mid Florida BCBS Agency Stands Ahead of Their Competitors as a Leading Blue Cross Blue Shield in Leesburg and Ocala
INSURANCE LAW FIRM TO SPLIT INTO TWO
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