Showing posts with label Phyllis Schlafly. Show all posts
Showing posts with label Phyllis Schlafly. Show all posts

Sunday, December 10, 2017

Conservative heroine Phyllis Schlafly opposed the territorial tax system the Republicans are about to shove down our throats

Here in November 2011:

Although the Perry plan's most striking feature is its anti-marriage bias, his proposal for corporate income is equally pernicious. Perry would shift businesses to a "territorial" tax system, which means that corporations would be taxed only on the profits they earn inside the United States.

We should do exactly the opposite. We should reduce or eliminate taxes on businesses that employ Americans producing goods and services inside our own country, while increasing taxes on the profits that corporations earn by outsourcing or manufacturing overseas.

Above all, we should eliminate the foreign tax credit, a self-destructive provision that allows corporations to pay China, Venezuela or Saudi Arabia the money they would otherwise owe the U.S. government. Let's also cut out the deductions that U.S. corporations take for hiring foreigners to do work that Americans can do.

Those who support a territorial business tax argue that it will encourage multinational corporations to bring home the profits they earn overseas, but that's unlikely so long as it remains more profitable for them to invest in cheap-labor countries. Of Republican presidential candidates, only Herman Cain and Rick Santorum understand that what corporations need is lower taxes on their operations inside the United States rather than on the profits they earn in other countries.

Tuesday, December 5, 2017

The new giant sucking sound of your jobs going abroad: Republican territorial tax "reform"

Phyliss Schlafly was rightly against a territorial system long ago, and most recently opposed it when the doofus from Texas, Rick Perry, proposed it as a candidate for president in 2015. Schlafly understood that it was anti-American, but she's dead, her voice gone silent. Only some lonely leftists remain who understand how wrong this is. No voices on the right are speaking out against this travesty.

Trump on the other hand thinks this is great, but obviously understands this as little as any other policy issue. He has become the Republicans' biggest chump, with the rest of us in tow.

From the story here:

Today, the United States has what’s known as a worldwide tax system in which all profits—foreign and domestic—are subject to a 35 percent corporate income tax. If a US company wants to return foreign profits to the United States, it pays the 35 percent rate minus what it’s paid to foreign governments. The House and Senate tax bills replace this with a “territorial” system that drops the tax rate to 20 percent for domestic profits and nothing for foreign profits.

The territorial model that the GOP is pushing would create an additional incentive to invest in countries like Ireland where the corporate rate is significantly lower than the United States. Republicans believe the differences won’t be big enough to drive investment abroad. Steve Rosenthal, a senior fellow at the Tax Policy Center, disagrees, saying that’s still “plenty of juice” to encourage companies to shift production to countries with lower tax rates. Kimberly Clausing, an expert in international taxation at Reed College, writes that the shift to a territorial system “makes explicit, and permanent, the preference for foreign income over domestic income.” She estimates that profit shifting already costs the US government more than $100 billion per year. 

Large multinational companies can already play games to avoid paying the full rate, such as transferring intellectual property to tax havens and then stashing those profits abroad to indefinitely put off paying US taxes. Apple, for example, transfers patents and other intangible assets abroad, and then further reduces its tax burden with additional sub-licensing. Through tax schemes with names like the “Double Irish With a Dutch Sandwich,” Apple has been able to amass more more than $128 billion in profits abroad that haven’t been touched by the IRS.

Republicans are proposing a series of guardrails to try to prevent companies shifting intangible assets—such as patents and trademarks—to tax havens. But Rosenthal says those protections are mostly ineffective and in fact create a set of new incentives to invest more abroad. He adds that it’s unclear whether the new status quo would be worse than the current system.

The main guardrail in the tax bills would impose a 10 percent tax on foreign profits that exceed a company’s “routine” return on tangible assets abroad. (Rosenthal’s blog post provides a more detailed explanation of how that works.) In theory, the guardrail would lead to companies paying a 10 percent tax when they shift profits to tax havens, but not when they actually make things abroad. In practice, the guardrail allows companies to shelter more money in tax havens when they build factories and other physical assets abroad—offering new tax incentives for companies to ship jobs overseas.

Either way, 10 percent is still half of what they would have paid if they hadn’t tried to game the system. Clausing argues that’s a clear sign Republicans are favoring foreign profits. Another is that Republicans’ aren’t using a territorial tax model that requires companies to pay a minimum rate in every country they operate in. Instead, the bill only considers whether they pay 10 percent abroad, on average. That’s an easy loophole to exploit. If Ford has a factory in Japan, it pays a corporate tax rate of about 30 percent. Ford could then shift intangible assets from the United States to a tax haven like Bermuda and still be paying more than 10 percent on a global basis. Clausing tells Mother Jones that it’s “well-known that a per-country minimum tax would be more effective and I think that’s why they didn’t do it.” 

Thursday, April 27, 2017

Phyllis Schlafly correctly understood natural born citizenship to turn on the question of jurisdiction

Here is Schlafly in 2004:

The extensive litigation concerning American Indians illustrates that consent rather than place of birth is what controls citizenship. Indians did not receive citizenship until conferred by congressional acts in 1887, 1901 and 1924, long after ratification of the Fourteenth Amendment.

The Constitution states that "no person except a natural born citizen" is eligible to be President. Everyone recognizes that this provision disqualifies the Governors of California and Michigan who were born in Austria and Canada, respectively.

On the other hand, then Michigan Governor George Romney, whose birthplace was Mexico, ran for president in 1968, and Senator John McCain, whose birthplace was the Panama Canal Zone, ran for president in 2000. Both were "natural born citizens" because their parents were U.S. citizens and subject to the jurisdiction of American sovereignty.

It's not the physical location of birth that defines citizenship, but whether your parents are citizens, and the express or implied consent to jurisdiction of the sovereign.

Trump's territorial tax plan gives no incentive for business and manufacturing to relocate to the US

What's up with that, huh? Maybe he's not really serious about bringing the jobs back here after all.

From Phyliss Schlafly here in 2011:

Although the Perry plan's most striking feature is its anti-marriage bias, his proposal for corporate income is equally pernicious. Perry would shift businesses to a "territorial" tax system, which means that corporations would be taxed only on the profits they earn inside the United States. 

We should do exactly the opposite. We should reduce or eliminate taxes on businesses that employ Americans producing goods and services inside our own country, while increasing taxes on the profits that corporations earn by outsourcing or manufacturing overseas. 

Above all, we should eliminate the foreign tax credit, a self-destructive provision that allows corporations to pay China or Venezuela or Saudi Arabia the money they would otherwise owe the U.S. government. Let's also cut out the deductions that U.S. corporations take for hiring foreigners to do work that Americans can do. 

Those who support a territorial business tax argue that it will encourage multinational corporations to bring home the profits they earn overseas, but that's unlikely so long as it remains more profitable for them to invest in cheap-labor countries. Of Republican presidential candidates, only Herman Cain and Rick Santorum understand that what corporations need is lower taxes on their operations inside the United States rather than on the profits they earn in other countries. 

Tuesday, September 6, 2016

Phyllis Schlafly passed away yesterday: The 1992 Illinois Mother of the year who almost single-handedly defeated the ERA

Ann Coulter remembers the woman without whom Goldwater and Reagan conservatism might never have been born, here:

Though conservative women in later generations are often compared to Schlafly, all of us combined could never match the titanic accomplishments of this remarkable woman. Schlafly is unquestionably one of the most important people of ... the twentieth century – and a good part of the twenty-first. Among her sex, she is rivaled only by Margaret Thatcher. 

Friday, February 5, 2016

Phyllis Schlafly slams Marco Rubio as an agent of the Republican establishment who has wanted amnesty all along

Here:

“When Marco Rubio ran for the Senate in Florida, I think I was the first one to endorse him."

“I made a trip down to Florida in 2009 just for the purpose of helping him.”

“Once he got elected, he betrayed us all."

“He said he was against amnesty and against the establishment. And once he got in, right away, he became an agent of the establishment. And now, of course, he’s big for amnesty and letting all the illegal immigrants in. He betrayed us a number of times on that issue.”

“Immigration right now is the biggest issue. All you need to do is look at Europe, and you can see that."

“But there are other issues like trade where Rubio has aligned with the establishment against the American worker.”

"Trade is a big issue."

"The whole thing with how they are pushing these trade agreements and mass immigration is a cheat and a lie to the American people. And Rubio has joined the group that is pushing it."

Friday, January 22, 2016

Pat Buchanan and Phyllis Schlafly have both joined Laura Ingraham on her show so far today addressing the excommunication of Donald Trump by National Review

Phyllis Schlafly said she's never recognized National Review's authority on conservatism.

She pointed out that the magazine was never any help in her long battle to stop the Equal Rights Amendment.

And she also pointed out that William F. Buckley Jr. was for giving the Panama Canal to Panama, which most conservatives of the time opposed

Thursday, January 21, 2016

Phyllis Schlafly's endorsement of Donald Trump turned more heads in Iowa than Sarah Palin's

From the story here:

'[Steve Scheffler, veteran Iowa political organizer] said that it was the support for Trump from 91-year-old conservative organizer Phyllis Schlafly that is “the one that has kind of turned some heads.”'

Tuesday, January 21, 2014

"Feminists are the main reason why we have broken families, high divorce rate, illegitimacy"

Phyllis Schlafly, quoted here:

Radical feminists, Schlafly said, still think men are the enemy, but the feminists, she contended, are “the main reason why we have broken families, high divorce rate, illegitimacy.”

“I think the feminists have been responsible for destroying the family,” she said. “They are the biggest enemy of the family.”

Friday, March 29, 2013

Libertarian John Fund Bails Out Of The Tax Code's Marriage Bonus

Libertarians do not see the value to the country of providing tax incentives to couples who marry and make sacrifices to raise the next generation, usually in the form of one parent staying home and keeping deeply involved in the lives of their children while the other works for a paycheck. Libertarians have become used to the idea that America is OK with an increasingly maladjusted and malcontented population of fruits, nuts and flakes, perhaps because that's who they are.

Only Phyllis Schlafly, it seems, is old enough and conservative enough to remind people today how hard it was and how long it took to achieve "married filing jointly" in 1948, but when she is gone none will be left to carry the torch. Instead we will be left with the fiddlers like Gov. Rick Perry and the kooks like John Fund who will preside over the crack-up of America.

Here is John Fund, for National Review, just another reason I stopped subscribing long ago:

"The cherished principle of separating church and state should be extended as much as possible into separating marriage and state. ... But instead of fighting over which marriages gain its approval, government would end the business of making distinctions for the purpose of social engineering based on whether someone was married. A flatter tax code would go a long way toward ending marriage penalties or bonuses. We would need a more sensible system of legal immigration so that fewer people would enter the country solely on the basis of spousal rights."

You see, it doesn't just stop with the one thing. Everything conservative must go: America's Protestant inheritance, the primacy of the nuclear family and national identity rooted in law and order. Libertarians, like other ideologues, aren't called the terrible simplifiers for nothing.

Saturday, March 31, 2012

Tax Policy is Social Policy, And It's Anti-Marriage, Just Like ObamaCare

So says Phyliss Schlafly here:


[A] fourth of those unmarried heads of household have an unreported live-in partner with a job. Simple arithmetic shows that a single parent with an unmarried live-in partner would then be valued at 2.4 persons, which is more favorable tax treatment than respectable married couples struggling to support their own children.

That means, if the single mom has a live-in boyfriend who files his own tax return, they end up with more favorable treatment in the income tax system than a married couple raising their own children. We should not allow marriage to be discriminated against in the income tax code.

Even ObamaCare contains a marriage penalty by reducing the insurance subsidy when cohabiting couples marry. As a Democratic staffer explained to the Wall Street Journal reporter who questioned the marriage penalty written into ObamaCare, "You have to decide what your goals are."

The Democrats know that 70% of unmarried women voted for Obama in 2008. Democratic consultant Tony Podesta has cooked up 83 bills to increase handing out more taxpayers' money to single moms.

The real war on women is a Democrat war on married women.

Tuesday, November 8, 2011

Red State's Erick Erickson Says Romney Will Be The Republican Nominee

Because Perry blew it on immigration and Newt and Cain blew it with women.

There are many money lines in the post, here.

Oh, and Romney will lose to Obama, and conservatism dies.

And that means now we should rethink . . . John Huntsman (!).

Doesn't that mean conservatism is already dead?

The real conservative in the race is Cain, who likes $400 wine and a national sales tax. Therefore the argument is social, that is, with the women, who gave us their opposites: Prohibition and The Income Tax. Real conservatives like Phyliss Schlafly support Cain's ideas to unleash American business.

What we need is more women like Phyliss Schlafly, and fewer like Ann Coulter.  

Sunday, November 6, 2011

Phyliss Schlafly Likes Herman Cain's Corporate Tax Reforms

As reported here:


We should reduce or eliminate taxes on businesses that employ Americans producing goods and services inside our own country, while increasing taxes on the profits that corporations earn by outsourcing or manufacturing overseas.

Above all, we should eliminate the foreign tax credit, a self-destructive provision that allows corporations to pay China, Venezuela or Saudi Arabia the money they would otherwise owe the U.S. government. Let's also cut out the deductions that U.S. corporations take for hiring foreigners to do work that Americans can do. ... 

Of Republican presidential candidates, only Herman Cain and Rick Santorum understand that what corporations need is lower taxes on their operations inside the United States rather than on the profits they earn in other countries.

The Economic and Social Value of the Joint Income Tax Return Produced the Baby Boom

So says Phyliss Schlafly, who thinks Texas Gov. Rick Perry's flat tax plan flattens the traditional family and rewards kinky couples, here:


The joint income tax return for husbands and wives was landmark legislation. The Republican Congress passed it in 1948 over President Truman's veto.

As originally designed, the joint return recognized a husband and wife as two equal partners, even if the husband earned all the family's income. Each tax bracket, deduction and exemption was equal to twice that of a single person.

Subsequent tax reform bills, especially the one signed by Richard Nixon in 1969, which also introduced the hated Alternative Minimum Tax, reduced the value of a joint return to only about 1.6 persons, while increasing the tax benefit of an unmarried "head of household" to about 1.4 persons. Simple arithmetic shows that a single parent with an unmarried live-in "partner" gets more favorable tax treatment than respectable married couples struggling to support their own children.

And by the way, the postwar "baby boom" happened during the 20-year period when married couples were fairly valued in the federal income tax. That's not coincidence; incentives matter, and America's marriage rate and birth rate plummeted after the value of the joint return was reduced.

Monday, June 6, 2011

Libertarian Swine on David Mamet

A nice Jewish boy realizes he's no longer a brain dead liberal and what do the libertarians find to complain about?

Readers on both sides of Mamet’s current political stance can take issue with his social conservatism. He is, among other things, an unbending proponent of traditional gender arrangements.

Political conservatism presupposes social conservatism, as Phyllis Schlafly pointedly argued here in the wake of the ObamaCare debacle, the most baneful affect of which was the neutering of the Hyde Amendment.

Libertarianism couldn't stand athwart a toy train and yell stop.  

Kish meir Yiddische Tuchus.

Saturday, April 24, 2010

Limited Government Presupposes Social Conservatism

Phyllis Schlafly for Investors.com explains how limited government can't exist without social conservatism:

If limited-government conservatives are dreaming of taking back America for fiscal sanity in the November elections, they should study how the unprecedented decline in marriage and the increase in illegitimacy are the major causes of our bloated government and gigantic welfare spending.

In 2008, 40.6% of children born in the U.S. were born outside of marriage; that's 1,720,000 children. This is not, as the media try to tell us, a teenage problem. Only 7% of those illegitimate babies were born to girls under age 18, and over three-fourths were born to women over 20. The problem is the collapse of marriage as the social institution responsible for the costs of child care.

The fiscal conservative faction of the Republican Party should also study why Republicans won their big congressional majority in 1994 and what has happened since. The Democratic Party's welfare boondoggle was a major reason for the GOP victory.

Go here to read the full argument.