Brownie and your TAXES

Here’s some basic facts about things that Scott Bown stands for…..you decide which side of the fence you’re on. 1.)Tax cuts to the top 2% wage earners in the country has NEVER created economic growth. In fact, economic growth has occured at it’s greatest rate when the top 2% are taxed at a HIGHER rate. The top 2% tend to invest more, to make … See Moremore, to make up for the inreased tax level. That increased investment creates jobs, increases state, local, and federal revenue. Corporate greed to take advantage of tax cuts for personal wealth for the top 2% is constantly a driver for an economic slowdown. 2.) Our country, because of trade deficits and corporate greed, is reliant on small business. But health care insurance costs escalate annually at a rate of more than double the average revenue growth for small and medium sized businesses, and rapidly becomes unaffordable to businesses of under 100 employees. Without significant changes to the health care insurance industry, it will become completely unaffordable to small businesses and individuals. This obviously scares the corporate culture within the industry…..hence the SUBSTANTIAL increase to Scott Brown’s campaign war chest. Insurance company’s newsletters have IMPLORED their employees to donate to Scott Brown’s campaign. Why do you think they do that? 3.) Scott Brown’s desie to broadly reduce the tax rates would have a tremendous negative impact on education, particularly in urban areas, such as New Bedford. New Bedford, as well as other urban areas in the country, struggles significantly with an ever increasing dropout rate. And for those dropouts, without manufacturing jobs to go to, where do they work? Many do not. Many involve themselves in illegal activity to support themselves, and many just become dependent on “the system”, because of no other alternatives. We need to invest MORE in education, not less. And it doesn’t necessarily need to be traditional education. Training that can prepare people for a specific job, outside of the traditional educational system is needed for people who did not graduate from high school. But that can’t be accomplished with tax cuts. With reduced level, comes reduced services and reduced funding for education. It is an enormous problem, and it takes investment to do it. The corporate world has had the chance to to this themselves, but instead look to state a federal grants to cover training expenses. And finally 4.) the banking industry needs increased regulation, or we will constantly battle corruption, which is exactly what drove us to the economic situation we are currently in. Scott Brown’s special interest backing is paranoid of regulations being turned up. Again, I wonder why.

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