How Will Palin’s Proposal to Elimnate the Corporate Tax Effect the Repubican Presidential Field

Bookmark and Share   Although she is not a candidate for President, at least not yet, and despite Mitt Romney’s now nearly 6 year’s of continuous for President and Rick Perry’s overnight rise to presidential popularity, Sarah Palin remains the biggest influence on and in the G.O.P. field to date. Despite Romney’s money and frontrunner status, regardless of Michele Bachmann’s win in the Iowa Straw Poll and Rick Perry’s last minute entry into the race, Sarah Palin still remains the elephant in the room.  Her Labor Day weekend speech in Iowa was probably more watched than the campaign announcements to run of all the other declared presidential candidates combined. Additionally a significant number of Americans continue to refuse to consider any of the existing presidential candidates unless Sarah Palin makes it official that she will not run.

So her every move continues to be monitored under a microscope of media scrutiny and the eyes of an electorate that Palin seems to polarize more than the average politician. As such, even though Palin did not use her Saturday speech at the TEA Party Nation rally in Indianola, Iowa to announce her presidential candidacy, it still had a dramatic effect on the existing field of G.O.P. presidential candidates. Many Republicans and practically all TEA movement members will compare all the other candidates to Palin and the remarks she made in her speech.

Many voters will in fact heed her advice to “properly vet” all the candidates and to also question how accountable they will be to the big money financial donors who contribute heavily to their campaigns.

But one of the most immediate effects of Palin’s speech will be seen during this Wednesday’s presidential debate.

Although this debate is sponsored in large part by MSNBC or as I like to call them, the Mostly Slanted News Bias Company, even their most brain-dead, drone-like on air personalities should be able to see that a most natural question to ask the candidates that comes from Palin’s speech is whether or not they agree with her proposal to eliminate all corporate taxes.  The question is practically a mandatory one, and the answers that the candidates give to it are critically important that will say much about their ideological purity.

In explaining one aspect of her plan to restore us to a strong and a free market economy, Palin proposed that as one part of her “plan” for America, she would eliminate the corportate tax. It was a bold proposal and not necessarily an easy one to make a majority of Americans to initially support. In this day of class warfare and widespread liberal attempts to make corporations the boogeyman, a proposal that would eliminate a tax on them will certainly not be popular.

The fact that Palin did make the proposal could be an indication that she in fact will not be a candidate for President. People who are not seeking votes tend to be more willing to speak the truths that may be unpopular. But whether Palin is to run or not, her proposal has placed the existing G.O.P. field in a bit of a quandary.

In truth, eliminating the corporate tax will dramatically change the existing economic paradigm. Not only will it transform the tax industry and shift the focus of ,and reduce the need for, CPA firms, tax attorneys, and corporate tax attorneys, but it will also direct the aim of corporate leaders to move from avoiding taxes to maximizing income. In case those on the left don’t understand what maximizing income means, it is called making a profit and it’s a good thing.

But in addition to that, eliminating the corporate tax would almost certainly reduce prices on everything. The elimination of the corporate tax would allow companies to begin lowering prices in order to make them more competitive and to insure they do not to lose a significant market share. Furthermore, and probably foremost, as Sarah Palin pointed out in her speech;

“Did you know our rates are higher than China and communist Cuba? This doesn’t generate as much revenue as you would think, though, because many big corporations skirt federal taxes because they have the friends in D.C. who right the rules for the rest of us. This makes us less competitive and restrains our engine of prosperity. Heck, some businesses spend more time trying to figure out how to hide their profits than they do in generating more profits so that they can expand and hire more of us. So, to make America the most attractive and competitive place to do business, to set up shop here and hire people here, to attract capital from all over the globe that will lead to an explosion of growth, instead of chasing industry offshore, I propose to eliminate all federal corporate income tax. And hear me out on this. This is how we create millions of high-paying jobs. This is how we increase opportunity and prosperity for all.”

Palin’s proposal makes sense but leadership will be required to make the logic of it hit home with voters. Apparently, Sarah Palin is ready to lead on the issue.

If she intends to lead on the issue as an elected politician or as a private citizen is still in doubt, but whatever her decision is, she has forced the current field of declared candidates to decide between being an elected leader who is willing to speak the truth be it popular or not, or if they will be typical politicians more concerned with politics than policy.

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