corel videostudio pro x3 trial version
autodesk inventor 2015 full download
eset smart security 6 manual
vmware fusion 5 mac os x mountain lion
adobe dreamweaver cs4 download portable
keygen for microsoft word 2013
autodesk inventor professional 2014 sp1 crack
adobe illustrator cs4 free download trial version
download eset smart security 6 full crack gratis
download eset smart security 6 nod32 antivirus 6 with crack
microsoft office mac home and student 2011 pacchetto italiano 3 installazioni
microsoft gittf for visual studio team foundation server 2010
adobe dreamweaver cs5.5 for mac
adobe audition 3.0 plugins free download
adobe after effects cs6 mavericks
pinnacle studio 16 ultimate esd
adobe photoshop elements 12 download with serial number
pinnacle studio 14 hd ultimate collection download gratis
corel draw 11 pour mac gratuit
microsoft office word 2007 free download no trial
serial number adobe audition v 3.0
adobe creative suite 5.5 master collection hosts
how much space does ableton suite 8 take up
fotoslate 4 photo print studio crack
microsoft office frontpage 2003 step by step download
eset smart security 6 keys startimes
microsoft office home and student 2007 pl box 3264bit
adobe creative suite 5 master collection mac serial
microsoft office excel 2007 video tutorial free download
avid media composer 5.5 aja io express
autodesk 3ds max design 2014 updates
adobe indesign cs5 nested styles
numero de serie para nero multimedia suite 10 platinum hd
tuneup utilities 2008 es compatible con windows 7
adobe indesign cs4 windows 7
upgrade adobe captivate 4 to 6
how to upgrade microsoft office 2008 for mac
how hard is it to learn german using rosetta stone
adobe flash professional cs6 keygen
adobe indesign cs5 5 keygen mac
adobe illustrator cs6 classroom in a book pdf free download
serial number for adobe creative suite 3 master collection
windows 8 the missing manual review
apple mac os x 10.6 snow leopard free download
vmware fusion 4 mac rar
tutorials on adobe after effects cs5
adobe indesign cs5 download mac
adobe photoshop elements 10 clone stamp tool
parallels desktop 4 for mac serial
microsoft office 2007 professional confirmation code
acdsee pro 2.5 watermark
microsoft powerpoint 2013 essai
mise a jour microsoft word 2013
huong dan su dung adobe after effects cs3 professional
autodesk 3ds max 2012 free download full version with crack
descargar crack de adobe flash professional cc
adobe photoshop cs5 extended french keygen .rar
adobe authorware windows 7
keygen for sony acid pro 6
steinberg nuendo 4.3 crack
descargar adobe illustrator cs6 gratis con keygen
adobe acrobat x pro get serial number and crack amtlib dll
adobe illustrator cs5 download gratis portugues
autodesk autocad 2014 object enabler
acronis disk director suite 10 for windows 7
autodesk maya 2011 license error
autodesk autocad 2010 trial free download
lynda com html5 graphics and animation with canvas quasar
adobe acrobat x pro for mac download
download adobe indesign cs5 for free
red giant trapcode suite 12.1.1 serial
adobe photoshop cs3 extended online
code de validation quarkxpress 8 mac
microsoft windows 8.1 rtm x64 english dvd iso
eset smart security 5 username and password 20 november 2012
chief architect premier x5 core
microsoft windows 8 professional 64bit
microsoft word 2013 page x of y
microsoft office powerpoint 2013 free download for windows 7
ia writer for mac free download
coreldraw graphics suite x6 os x
microsoft office word 2007 quick steps
autodesk inventor suite 2011 product key
aimersoft video converter ultimate 4.2.4.0 crack
autodesk building design suite ultimate 2014 xforce
microsoft windows 8 90 day trial
red giant keying suite 11 mac download
jak pracovat s sony vegas pro 9
quarkxpress 8 297
descargar sony sound forge 10 gratis full
hollywood fx pro for adobe premiere 7 1 5 2.0 cs3
autodesk mudbox 2014 sp
eset smart security 5 jak wyczy
microsoft.windows.8.1.enterprise.rtm.x64.volume.en glish.dvd.iso
microsoft works 9 2007
free product key fr microsoft office 2007 home and student
adobe pagemaker 7.0 crack
adobe illustrator cs6 keygen crack
adobe photoshop lightroom 5.2 crack only
adobe photoshop elements 8.0 raw
microsoft streets and trips 2013 for ipad
adobe illustrator cs4 1 link full
crack adobe illustrator cc per mac
adobe photoshop cs3 extended 10.0 dmg
tutorial sony vegas pro 12 indonesia
adobe creative suite 5.5 master collection free keygen
microsoft office 2013 professional plus keygen 64 bit
microsoft windows 7 ultimate rtm with sp1 x64 retail english
sony vegas pro 11 32 bit crack
avid media composer 6 wiki
autodesk revit structure 2012 training .rar
camtasia studio 8 free download for windows 7 32bit
adobe illustrator cs5 zip
nikon capture nx2 windows 7 64
microsoft windows 8.1 training
eset smart security 6 username and password 90 days
how to crack adobe flash professional cs5.5
microsoft money 2007 deluxe rar
adobe photoshop cs6 extended help pdf
coreldraw graphics suite x6 16.4
adobe photoshop cs4 extended tutorial
xin cd key adobe presenter 7
sony vegas pro 11 free download with serial number
nikon capture nx2 infrared
vmware workstation 8 nat not working windows 7
microsoft publisher 2013 demo
cd key for chief architect x2 free download
sony vegas pro 11 tutorial crack
steinberg cubase 6 and halion 4 bundle
microsoft powerpoint 2013 kostenlos
adobe indesign cs6 ebook
microsoft office professional plus 2013 backup
sony vegas pro 11 keygen virus
microsoft office word 2007 free download
tuneup utilities 2008 myegy
sony vegas movie studio hd platinum 11 production suite keygen
pixologic zbrush 4r6 download
microsoft offers 40 windows 8 pro upgrade
microsoft office home business 2013 mit datentrger
microsoft word 2007 calendar template 2013
adobe dreamweaver cs4 tutorial pdf download
adobe fireworks cs4 classroom in a book pdf
adobe photoshop elements 8 gratis download
aimersoft video converter ultimate 5.5.1 keygen
abbyy finereader 9.0 professional edition keygen crack
adobe audition 2.0 serial number crack
sony vegas pro 11 trial
how to get fl studio 9 xxl producer edition for free
microsoft visual studio 2010 professional key generator
adobe indesign cs3 english portable
adobe dreamweaver cs6 website templates
acronis disk director suite 10 windows 7 64 bit
adobe captivate 5 user guide
adobe captivate 5 sample projects
pinnacle studio 17 ultimate green screen
microsoft word 2013 free download for windows 8 64 bit
pinnacle studio 16 ultimate 16.0.0.75 free
adobe soundbooth cs4 portable free download
microsoft sql server 2008 enterprise edition sp1
nik software color efex pro 3.0 download
adobe captivate 5 essentials
vmware fusion 4 vs workstation 8
download program adobe captivate 5
adobe acrobat xi pro education edition
microsoft office visio professional 2007 free trial
download adobe photoshop cs6 extended mac version crack
tutorial de como utilizar adobe audition 3.0
get serial number for adobe audition cs5.5
adobe photoshop cs6 extended new features
microsoft office 2013 professional plus free download with crack
avid media composer 5 download windows
autodesk inventor 2014 64 bit download
pinnacle studio 16 ultimate no sound
microsoft office enterprise 2007 volume license key
microsoft office word 2007 download chip
portable solidworks premium 2012 sp4 x86 engrus
microsoft windows 8 upgrade free
microsoft office 2007 home and student registration key
coreldraw graphics suite x5 home student
download microsoft office 2010 for free full version in windows 8
serial para nero 11 platinum gratis
lynda.com audio mixing bootcamp download
eset smart security 6 keys trial
acdsee pro 2 vs lightroom 4
microsoft visual studio 2010 professional enu
como usar corel motionstudio 3d
nero multimedia suite 10 gratis para windows 7
how to update nikon capture nx2
microsoft word 2013 32 bit
eset smart security 6 indir
corel painter 12 mac os x download
snagit 11 official website
eset smart security 5 username and password nod32 keys updates daily facebook
adobe after effects cs5 tutorials in urdu
sony vegas pro 9 windows 7
alien skin eye candy 7 full free download
how to do everything with microsoft office access 2007 free download
sony vegas pro 12 keyframe tutorial
tai microsoft expression web 2007 full
roxio toast titanium 11 mac 1 link

Fred Smith: Corporate tax code needs reform

In an interview with Fox News Sunday’s Chris Wallace today, FedEx founder Fred Smith said the corporate tax code needs to be reformed to get the economy moving again and that the nation’s energy policy, trade policy and new regulations are blocking the economy’s ability to grow.

Here’s the interview –

Wallace: Mr. Smith, how deep of a hole are we in right now and is Washington making it better or worse?

Smith: Well, I think the economy is slow. Our economist and our information would not show that we are not entering a recession, but the policies that we are pursuing at the federal level are certainly not creating a situation which would create growth in the economy, either.

Wallace: When you say — what is hurting growth that’s coming out of Washington?

Smith: Well, the economy is divided in two parts, investment and consumption. And investment is virtually 100 percent correlated with job creation and our investment levels are significantly below where they have been in the past. So, our corporate tax code, our energy policy, our trade policy and the tremendous increase in regulations are all impeding the economy’s ability to grow at reasonable levels.


Wallace: Mr. Smith, you do business all over the world, is Mr. Kent, right?

Smith: Well, we have been in China for 25 years and in our sector of transportation there are plenty of challenges in China, I can say that for sure. But, we have had a tremendous growth spurt there.

Wallace: Mr. Smith, I want to follow up on that. We had the president’s chief strategist, senior strategist David Plouffe on “Fox News Sunday” last week and he made the argument that you’ve heard a lot from the president and the White House, the wealthy aren’t paying their fair share. Mr. Smith, is the White House right? Are business men like you and Mr. Johnson getting off too easy on taxes?

Smith: Well, I think you have to divide the tax argument into a little bit more discreet argument. First of all, the top 10 percent of the taxpayers in the United States pay 70 percent, or near 70 percent of all federal personal taxes. Corporate taxes are only about 9 percent.

The problem is, when you talk about personal taxes, it takes everyone’s eye off of the corporate tax situation. And from 1986 forward, the United States has had in essence a similar tax code for corporations as they do for individuals. And that is a big part of our slow investment and why we are not getting the jobs.

Let me give you an example that goes back to the interview with Mr. Cain. 9 percent sales tax that he advocates is similar to a value-added tax in Europe and elsewhere. Under the world trading rules, the value-added tax is deductible from exports where our corporate income tax is not.

So we are playing with one hand tied behind our back when it come to exports, which is one of the biggest potential growth areas that the United States has. That’s why the corporate tax has to be lowered, it has to be configured for a world wide economy and it has to incent business investment.

Wallace: All right. We’ve got two prescriptions here in Washington for what to do. The president as you all know has proposed a new jobs plan, it would have more short-term spending stimulus they call it, more short-term tax cuts. But down the road starting in 2013, $2 trillion in additional taxes over the next decade, and then going on beyond that.

Republicans say cut spending, cut regulations, get government out of the way.

Mr. Smith you are a Republican, as we said Mr. Johnson you are a Democrat. Let me ask you both starting with you Fred Smith, which side has got the better argument?

Smith: Well, entitlements have to be reformed. And you can either reform them by some sort of rationing, or regulations, or you can do it by market forces and means testing. That’s what Congressman Ryan has proposed and which based on my experience is far the better answer.

But regardless was which side you choose, neither can be successful unless we can get the economy growing at a rate that is able to pay for the entitlements. And absent a more modern, you know, advanced tax structure and we are not competitive with the rest of the world that incents businesses to invest, a better energy policy which creates a much bigger pool of energy that comes from North America rather than shipping hundreds of billions to the Mideast and elsewhere, we can’t be successful.

Wallace: And Fred Smith, if (President Obama) were one of your division heads would you keep him on or would you let him go?

Smith: Well, the president is for corporate tax reform. And I would simply say, Mr. President, to keep your job here, you need to reform these taxes and getting America back to work in the industrial sector rather than all of this financial speculation and we can do that. And I think he actually supports that.

 

Comments

  1. [...] contrast that with Fedex founder and CEO, Fred Smith, who says that, when it comes to taxes and the role they might play in our economic recovery, we [...]

Dansette

google