Saturday, October 1, 2011

Taxes

nytimes.com
October 1, 2011
Michael Barbaro
http://www.nytimes.com/2011/10/02/us/politics/romneys-strategies-as-governor-bucked-his-ceo-image.html?ref=business

Summary-
    Mitt Romney has been elected as Massachusetts governor in the past, winning votes because of his promise to look out for the interests of businesses. He has, however, closed numerous loopholes in the law concerning taxes for corporations. Romney has managed to glean enough money from corporate taxes to cover a few gaps in the state's budget, but unfortunately for him, it may have not given those in large businesses a reason to vote for him again. He now plans to run for president, and is claiming to have the interest of businesses in his mind.

Connection-
    Taxes are an important part of the functionality of the government, and the President's views about how much money should be taken from the people can have a huge affect on how the country is run and how satisfied the people are. A presidential candidate's views on taxation, therefore, are important. The future of America could be hugely affected by Mitt Romney and his ideas about taxes if he is elected.
    This connects to the beginning of the year, when the Articles of Confederation were discussed. The national government at that time did not collect taxes, and it was proven shortly after the articles were adopted that taxes are important. People were concerned about taxation not being worth it, and it is still important that America's leaders prove that they are using the money wisely.

Personal Reaction-
    If a person is elected to office that can manage to take taxes from those corporations that already have other politicians giving them every benefit possible, then it would seem that they would be able to handle the current debt crisis as well. If Obama continues to spend outrageously, then it might be best to choose a suitable replacement who can handle money responsibly.

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