April 15th and beyond
Fortunately, companies are staying and expanding US operations in return for reduced taxes, an ease on regulations and the bringing overseas profits back to the US at a reduced rate. As business investment in the US increases, it is imperative the promised economic policies of the Administration become reality and lawmakers in the nation’s Capitol realize the power of growth.
2018 tax law was aggressive. It was reform on the business finance side but it really needed to simplify the Individual rate. There are still too many brackets. Because the American taxpayer and businesses rarely see rate reductions, the stock market is rising.
We still need to move away from the typical Class Warfare arguments of the past and stop the same old, division politics. However, the business-friendly plan is seeing favorable reviews from the Stock Market, business leaders by increasing wages, bonuses and jobs. A key to extended economic growth will be to cut spending and waste. Audit every Federal agency to ensure all budgets are being appropriately spent like a business must do.
The economy is steadily growing (albeit approximately 2.5%-3%), businesses continue to hire and tax revenues are increasing. With all of this positive economic activity, it cannot lessen the Government’s voracious appetite to spend our money. It’s never a good time to cut budgets, trim waste, or eliminate programs that should. most likely, be funded locally. There’s never enough money.
What’s the promise of the future? More Government programs, more free stuff. There seems to be a continuous outrage over corporate greed and corporate waste. As the Federal budget closes in on $4 Trillion, there never seems to be the same outcry regarding Government waste or Government greed (corruption)? Why is that?
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