Liberalism: Do You Agree We've Had Enough of It? Message Board

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Politics : Liberalism: Do You Agree We've Had Enough of It?

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To: John who wrote (160850)	10/16/2013 6:32:13 PM
From: calgal	of 224820

Wise Words on Fiscal Sovereignty (sort of) from an Unlikely Source Daniel J. Mitchell \| Oct 16, 2013 Rec [iframe id="google_ads_iframe_/6177/slm.townhall/finance/columnists_4" name="google_ads_iframe_/6177/slm.townhall/finance/columnists_4" width="300" height="250" scrolling="no" marginwidth="0" marginheight="0" frameborder="0" style="border-width: 0px; vertical-align: bottom;"][/iframe] I’ve always had a soft spot in my heart for Bill Clinton. In part, that’s because economic freedom increased and the burden of government spending was reduced during his time in office. Partisans can argue whether Clinton actually deserves the credit for these good results, but I’m just happy we got better policy. Heck, Clinton was a lot more akin to Reagan that Obama, as this Michael Ramirez cartoon suggests. Moreover, Clinton also has been the source of some very good political humor, some of which you can enjoy here, here, here, here, and here. Most recently, he even made some constructive comments about corporate taxation and fiscal sovereignty. Here are the relevant excerpts from a report in the Irish Examiner. It is up to the US government to reform the country’s corporate tax system because the international trend is moving to the Irish model of low corporate rate with the burden on consumption taxes, said the former US president Bill Clinton. Moreover, …he said. “Ireland has the right to set whatever taxes you want.” …The international average is now 23% but the US tax rate has not changed. “…We need to reform our corporate tax rate, not to the same level as Ireland but it needs to come down.”

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