Gov. Mike Huckabee makes a statement in writing that businesses may be taxed but they by nature pass taxes along. After all businesses have a bottom line to protect.
Now we hear that our Speaker of the House John Boehner expects Oil and Gas Companies who headquarter in other countries to pay their fair share of Taxes based in revenues in the US. On the surface this appeals to most of us. But if Gov. Huckabee is right, in actuality the companies will only pass the cost of taxes along. It's you and I that will ultimately pay the bill in higher costs of energy.
It seems that our current administration and some in our own party vilify business as a whole. Somewhere in the rhetoric is a lack of understanding of how business works. A prosperous business employs men and women who do pay taxes.
Individuals pay taxes but business will simply pass them on. The more people working, the greater the tax revenue and the stronger our economy.
A tax based on consumption and a balanced budget makes sense to me. Those who can afford to buy will more pay more. There may some provisions for medicine and food for the disadvantaged.
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