Hogan: Proposed legislation to protect Marylanders from being "negatively affected" after passage.
Jealous: No. Denounced the GOP tax law, calling it "disastrous legislation."
Taxes: Proposals on state taxes
Hogan: Has cut taxes in current term. Would exempt retirement income from taxation.
Jealous: Cut sales tax while legalizing & taxing marijuana & creating new taxes on out-of-state retailers & hedge fund income.
When Americans can choose their preferred currency, they are free to choose to store their money in a form that won't depreciate wildly whenever the government decides to spend more money. That means your savings will still mean much more years later when you go to use them.
Ending the Federal Reserve also prevents irresponsible, cash-negative businesses from entering the market, making (fully expected) irresponsible decisions, and creating more frequent and more severe business cycles. When the Federal Reserve is not allowed to interfere, successful business practices will prevail, business cycles will be smoother, layoffs will be massively decreased, and the economy on the whole will prosper. This means responsible business practices will drive market growth.
Szeliga: Actions, and at times inactions, by Congress and federal agencies failed to protect Americans from the financial crisis. As a small business owner, I know how painful the financial crisis was on families and businesses. Too often, policy makers care more about Wall Street than Main Street. Local community banks are struggling as a result of the increased regulations. While we need to regulate big Wall Street banks who were the bad actors; we need to make sure community banks, who know their local communities, are protected. Finally, no bank should be considered too big to fail. Taxpayers should never have to bail out big banks.
Capitalism serves the well-being of the holders of capital. The concentration of wealth in the few along with the financialization of the economy has made capitalism dangerous to the 99%. Capitalism works for capitalists by ensuring workers are paid less than the wealth they create while consumers pay more for their necessities and debtors are stuck in a cycle of debt they cannot escape. Resources are extracted as inexpensively as possible despite the impact on the planet, public health and safety; while the costs of extraction and production are externalized to the people through corporate welfare and crony capitalism. When capitalist bets go bad they are backed up by a corrupt government while the non-capitalists lose their homes, life savings and incomes.
The big banks need to be broken up and policies must be put in place to prevent them from getting too big again. After the economic collapse rather than shrinking, the big banks grew. Why? Because in addition to being too big to jail, they were too powerful for Congress to confront.
Once the banks are broken up we need to ensure they cannot get too big again. A cap could be put on the banks perhaps based on a percentage of the GDP. There is actually a good deal of support for breaking up the big banks among members of the Federal Reserve, former bank CEO's and political leaders.
A year ago, I held my second annual Change Maryland Business Summit on Improving Maryland's Economic Competitiveness. We became the leading voice on these issues. A year ago, this legislature created the Maryland Economic Development and Business Climate Commission, to make recommendations to make Maryland competitive. We are anxiously awaiting the recommendations of this commission. But, I am confident that we will find many areas of agreement to make Maryland a more business friendly and more competitive state, so that we can create more jobs and more opportunities for our citizens.
This burdensome tax and bureaucratic paperwork discourages the creation of new business, and drives small businesses and jobs elsewhere. This legislation would create a tax exemption on the first $10,000 in personal property, entirely eliminating this tax for more than 70,000 small business owners -- or one-half of all Maryland's businesses.
Bongino said government needs to get out of the way and lessen the tax burden on residents and businesses. "Put the money back in Marylanders' pockets," Bongino said. "They know what to do with it."
Bongino selected, "Support."
Bongino added, "A predictable and simple tax code is vital for businesses planning their capital expenditures and long term investments. The benefit throughout the economy from R&D far outweighs the consequence of a relatively small tax revenue loss."
|2020 Presidential contenders on Corporations:
Democrats running for President:
Sen.Michael Bennet (D-CO)
V.P.Joe Biden (D-DE)
Mayor Mike Bloomberg (I-NYC)
Gov.Steve Bullock (D-MT)
Mayor Pete Buttigieg (D-IN)
Sen.Cory Booker (D-NJ)
Secy.Julian Castro (D-TX)
Gov.Lincoln Chafee (L-RI)
Rep.John Delaney (D-MD)
Rep.Tulsi Gabbard (D-HI)
Sen.Amy Klobuchar (D-MN)
Gov.Deval Patrick (D-MA)
Sen.Bernie Sanders (I-VT)
CEO Tom Steyer (D-CA)
Sen.Elizabeth Warren (D-MA)
Marianne Williamson (D-CA)
CEO Andrew Yang (D-NY)
2020 Third Party Candidates:
Rep.Justin Amash (L-MI)
CEO Don Blankenship (C-WV)
Gov.Lincoln Chafee (L-RI)
Howie Hawkins (G-NY)
Gov.Jesse Ventura (I-MN)
Republicans running for President:
Rep.Joe Walsh (R-IL)
Gov.Bill Weld(R-MA & L-NY)
2020 Withdrawn Democratic Candidates:
Sen.Stacey Abrams (D-GA)
Mayor Bill de Blasio (D-NYC)
Sen.Kirsten Gillibrand (D-NY)
Sen.Mike Gravel (D-AK)
Sen.Kamala Harris (D-CA)
Gov.John Hickenlooper (D-CO)
Gov.Jay Inslee (D-WA)
Mayor Wayne Messam (D-FL)
Rep.Seth Moulton (D-MA)
Rep.Beto O`Rourke (D-TX)
Rep.Tim Ryan (D-CA)
Adm.Joe Sestak (D-PA)
Rep.Eric Swalwell (D-CA)
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