
RIPublican
s are now touting that small business generates jobs in this country. That is true but they are also low paying, just not as low paying as retail. So how do we create new jobs? You start by making the capital gains tax progressiv
e based on time a security is held: less than one day 90%, less than one year 80%, up to 2 years 75%, up to 5 years 40%, up to 7 years 20%, more than 10years you pay nothing.
This encourages investment in a companies future. Investors will have to look at things like the industry's future, stability, company management
, executive pay structure as a percentage of costs, plant modernizat
ion, etc. All of the things that show that there will be a strong future for that investment
.
The income tax code will hav to be changed for large corporatio
ns to encourage AMERICAN jobs. That would mean levying a tax on a percentage of foreign employees the company has. We could also levy a tax on a percentage of the value of the products that are imported. You do not tax the products per se, just the declared value by the corporatio
n. Again, this encourages AMERICAN jobs, as importing become more expensive not just from a labor stand point, but from a transporta
tion stand point.
This is not a failure of the Obama Administra
tion, rather it is a failure of Congress to encourage AMERICAN corporatio
ns to create and keep AMERICAN jobs.
Read the Article at HuffingtonPost