FRANKFORT, Ky. (4/15/13) – The following is a Letter to the Editor/Opinion from author Glenn Mollette regarding issues with the American economy.
We can have a stronger economy by creating jobs in America instead of sending them to Mexico, China, India and other parts of the world.
It's time to bring jobs back to America. Business owners should be rewarded with a corporate tax rate of only 15% if they bring most of their jobs home. This will allow them to have more money to hire more people.
The right to work should be encouraged throughout our nation. People who work for a corporation should not be forced to join any group that they do not want to join.
A lower tax rate for all Americans will add more dollars for each family to spend. Americans across the board do not need more taxes. Each American will benefit from paying less tax. Even a small tax cut from all sides would amount to a lot of additional spending power for poor and middle class Americans.
We should provide a bonus year for American business. Every business should have a bonus year where every corporation pays only 5%. The business must be in America for at least five years to enjoy the bonus year. This would be something that could be done every five years to encourage businesses to come and stay in America.
I would further propose a fifth year bonus for every American citizen. Every five years the tax rate would be a maximum of five percent across the board. This would be a boom to the economy and would keep more money in the pockets of the American people.
New corporations and old ones who come back and hire 70% of their employees in the United States receive the corporate tax rate of 15%.
The economy will grow if we can bring down the cost of energy and we can. The gasoline pumps have financially killed poorer and middle class Americans the last few years. Millions of Americans are grossing less than $400 a week and many less than this. If a person's take home pay is closer to $300 a week and they spend a $100 a week to fill up the gas tank then how does that person pay for shelter, utilities and food? Usually it's food that is eliminated from the budget. Poorer Americans are hungry and surviving by eating cheap unhealthy food. If Americans could spend $50 a week at the gas pump, instead of $100, they would have $50 more to take to the grocery store.
Natural gas is abundant and cheaper than any other source of energy. Every convenient store and gasoline station in America should add natural gas pumps immediately. Every automaker should develop cars and trucks that will run on natural gas. A number of automakers are working on this. Automakers who add these models in the next 10 years should be rewarded with a corporate tax break.
Have you been on an interstate in America lately? The interstates of America are loaded down with big trucks. Natural gas can power these trucks and save the owners of these trucks thousands of dollars. This will help reduce the cost of everything they are transporting and help the economy in America.
Utilizing our natural gas, oil, coal and wind will put Americans back to work. We are buying too much oil out of the country. We need to eliminate any and all energy dependence from the Middle East.
We must utilize coal cleanly and efficiently. There is a future for coal. We have powered most of the plants in this country with coal.
Coal is an incredible source of energy. We shouldn't throw the baby out with the bath water. We must do these two things.
1. Learn to burn it cleaner.
2. Mine the coal environmentally safer.
We can do these two things with some work and still have a great coal industry. A more energy independent America, a large work force of American people and more money spent at home on our roads, bridges and infrastructure will make for a more prosperous America.
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