Or in layman's terms, three times better than the Obama "Growth" Rate. In fairness, Obama regarded his 0% growth as a victory, since his goal was to put the whole world on Food Stamps.
And then the President made the case for the immorality of the Tax Code and the moral case for Tax Reform.
It's been so long since someone fought for us like that, Mr. President, we'd almost forgotten what it's like.
Excerpts: "For many decades, Route 66 captured the American spirit. The communities along this historic route were a vivid symbol of America’s booming industry. Truck drivers hauled made-in-America goods along this vital artery of commerce. Families passed through bustling towns on their way to explore the great American West. And high-quality manufacturing jobs lifted up communities, gave Americans a paycheck that could support a family. But, in recent years, millions of Americans have watched that prosperity slip away in the rearview mirror. And it wasn't pleasant to watch, especially for me. I would sit back -- I was in business -- and I could see what was happening. It wasn't good. This enormous complexity is very unfair. It disadvantages ordinary Americans who don’t have an army of accountants while benefitting deep-pocketed special interests. And most importantly, this is wrong. (Applause.) Thank you.
First and foremost, our tax system should benefit loyal, hardworking Americans and their families. (Applause.) That is why tax reform must dramatically simplify the tax code, eliminate special interest loopholes -- and I'm speaking against myself when I do this, I have to tell you.
And I might be speaking against Mr. Cook, and we're both okay with it, is that right? It's crazy. We're speaking -- maybe we shouldn't be doing this, you know? (Laughter.) But we're doing the right thing. (Applause.) True. And allow the vast majority of our citizens to file their taxes on a single, simple page without having to hire an accountant.
Second, we need a competitive tax code that creates more jobs and higher wages for Americans. It’s time to give American workers the pay raise that they've been looking for for many, many years. (Applause.)
In 1986, Ronald Reagan led the world by cutting our corporate tax rate to 34 percent. That was below the average rate for developed countries at the time. Everybody thought that was a monumental thing that happened. But then, under this pro-America system, our economy boomed. It just went beautifully -- right through the roof. The middle class thrived and median family income increased. What could possibly be more bipartisan than allowing families to keep more of what they earn and creating an environment for real job and wage growth in the country that we love so much? (Applause.)"........
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| "I'm Your Huckleberry." |
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