To the Editor:

Letter to the Editor Sept 24, 2024
Much talk on various main stream media outlets is around why should voters want more information from Kamala Harris? Seems the only thing you need to know is she’s a bi-racial woman and therefore has earned your vote to represent you on the world stage. Currently she has failed to come out with how her various plans will work for you. We are told time and time again she will speak about her plans and policies in the days and weeks to come. In some places voting has begun so her confidence at keeping you ignorant is paying off.

Take her tax plan. She is pushing for a corporate tax hike from the current 21% to 28%. If you have a “C” corporation (structure that separates owners’ assets and income from the business) and the corporation makes $1.00 the corporation needs to set aside $.28 to pay the corporate tax. Now with $.72 left, you need to pay yourself, which you can do only by taking a dividend which she is going to tax at a rate of 33%, You walk away with $.48 and the government gets $.52.
Where is the encouragement to take a risk to grow your business under that structure? You’ll find there will be a halt to investing and hiring which could lead to layoffs. In addition, small businesses are the largest American employer yet they’ve been cutting jobs for the last two months.

Revenue is not the problem for the government. It’s a spending problem. The government brings in $4.5 trillion and spends $6.5 trillion. And, sadly, they’ve been reckless with our tax dollars. Under the Inflation Reduction Act (passed due to Harris’ breaking the tie) they spent $7.5 billion for 8 charging stations and gave billions to various intel business who are putting their hands out for more money.

There’s no question, private investors do it better than the government can. There’s a need to cut the size of government and reform the permitting process for growth to occur.

Case in point. Our local library would like to put a fence around the small concrete pad to allow for outdoor activities to occur. The cost to purchase and install is minimal. Yet due to the requirement to pay the prevailing wage the cost became burdensome.

Go figure.

Patti Walker
Fillmore