What Do You Think Should Be the Top Priority of the Next President and Congress?

 

Wallace E. Mundy, RLA
President
W.E. Mundy Landscaping, Inc.
Aurora, IL

 

Giving small businesses tax incentives--not increasing their taxes--is a realistic approach for beginning a sound and sustainable economic turnaround. Allowing the current tax cuts to lapse will not only represent one of the largest tax increases in history but will, in my opinion, exacerbate the current economic downturn (recession) and may, in fact, cause an economic implosion the likes of which we haven't seen since 1929. With global warming, fossil fuel dependency, skyrocketing national debt, the shrinking dollar, recession, food and potable water shortages, subprime loans, immigration, and the war on terror all pulling at us, how much can our economy handle?

 

 

 

In our country, we have untold resources in business and government. We need to aim these resources in a single direction ... to build this country into a world power in every way, starting with the education of our children.

 

We need to learn how to educate our kids to read, write, add, and subtract; become self-sufficient; and be able to recognize opportunity. 

 

Our young people are outperformed by young people in some other countries. Too many of our children and their families have been robbed of education and opportunity. This is the United States of America. We cannot accept anything less than the best.

 

 

Paul B. Hunt
President
Millennium Capital Management of Virginia, Inc.
Glen Allen, VA

 

The next president and Congress need to recognize that keeping taxes as low as possible will help America maintain its global economic leadership. Increased tax burdens on the companies and business owners who create jobs and economic success is not the answer. The U.S. corporate income tax rates are already the second highest in the world. Successful S-Corps and other pass-through entities often pay at top individual income tax rates and typically are dramatically affected by the alternative minimum tax (AMT). This greatly reduces the amount of capital that owners of small and midsize companies can reinvest in their businesses.