Chris Edwards
Chris Edwards
Chris Edwardsis an American former professional vert skater...
ProfessionOther
Date of Birth22 December 1973
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The Panel's income tax reform plan would make some positive changes such as eliminating the double-taxation of dividends and treating U.S. businesses on a territorial basis with regard to their foreign profits. Both of these changes would increase U.S. business competitiveness and spur investment. However, on both the individual and business parts of this simplified income tax, the proposed top tax rates were still too high. For example, the proposed 32 percent corporate rate would still be higher than the 28 percent average corporate tax rate in Europe.
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Take AMT and extending the tax cuts into account and instead of having a 2011 deficit of just over $100bn, we are looking at deficits close to $400bn again. Extending the Bush tax cuts costs about $400bn a year as far as the eye can see. This is unfair to the next generation that will ultimately have to pay the bill.
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The next generation of young workers will be crushed by gigantic and rising payroll taxes to pay for all of this,
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There was a growing undercurrent of discontent by fiscal conservatives kept under wraps because Bush delivered four tax cuts in four years. It had been a unifying theme. That is over now because of the gigantic deficits.
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While tax authorities have increased surveillance and regulation in a bid to stem the flow of investment capital and profits to low-tax jurisdictions, it's easier to shift money around than it used to be thanks to technology. Both legal avoidance and illegal evasion techniques have become more accessible.
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Both plans are much better than existing tax law. Both would be a significant simplification and would help promote economic growth.
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If they repeal the AMT, they've got to replace it with higher taxes somewhere else, ... Tax reform could mean a big looming tax increase for a lot of people.
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I'm all in favor of the tax cuts, but I think that the administration has to eat their spinach along with the tax-cut candy and propose more spending cuts.
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Individual income taxes are the big driver. The stock market is up and people are earning more money.
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The power of a website comes from the people using it, not the people making it.
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Not many people pay the AMT now and although a lot of them are going to be paying it in the future, they don't feel the pain today. But if you eliminate the AMT and repeal the child credit to pay for it, they would feel the pain.
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I hope we can exceed what we did last year. Before the season our goal was to win the national championship. We're not going to be satisfied just going to the playoffs. We want to do something.
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The federal government doesn't have the money. The rebuilding money should come from state and local budgets. States should issue bonds for long-term investments for freeways and the like. ... They should look at innovative private financing mechanisms.
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It's been kind of frustrating not getting him the ball as much as I'd like to. It's not like he's been shut out, but now our passing game is more mixed. We're still getting it done.