An amendment that bears reminding that was one of the great contributions of the Republican Party to american life, second only to the abolition of slavery. For too long, we republicans have been content to lose the black vote. We found we did not need it to win. But when we gave up trying to win the support of african americans, we lost our moral legitimacy as part as the party of linkncoln. As the party of equal opportunity for all. It is time for us once again to reclaim our heritage as the only party in our country founded on the print for freedom for africanamerican. We know what democrats will propose in 2016. The same thing, the same thing the democrats have proposed for decades. More Government Spending on more government programs. And there is a proper and Important Role for government assistance and keeping people on their feet, but few president s have done more to expand government assistance than president obama. Today was and nearly 1 trillion per years on means tested an
In iraq and afghanist forced him to learn under fire. In his new book he takes his leadership lessons from the battlefield to the boardroom teaching businesses how to better take charge andnd move forward. General mcchrystal, welcome to washington business report. This book is your effort to teach the Business World some of the strategies you use to be successful in the military world. What does team of teams mean . If you ink about it all of us have been on some kind of team. Maybe we have been on a really good one, where you could finish each others sentences where things happen n organically. As organizations scale, you run into a limit. Beyond 100 people, you cannot know everybody or have the same culture. We found that as you scale, what you have to do i create a series of teams and you have to connect them in ways that most organizations find difficu. It is akin to the relationships between individuals on a great small team. You have to maintain that chemistry between the small t
Of these tax changes. So no net cost to the government over time. And you have peoples income up about 10 and additional jobs so more people are working. Now that is close to a free lunch as you can get. And thats the damage done by the current tax system. All the neutral tax systems are a means of getting the three layers of tax. Some are collected at business level. Some collected only at retail. Now my favorite, the personal expenditure tax is put down your income subtract your savings pay tax and whats left . That way each year you sit down and fill out a form and you say, they took what . And then you dont vote for them again. Where laz the retail sales tax might be nickelled and dimed and you may not save all your sales receipts and realize what has happened to you. But there are conveniences of doing it one way or the other. We have to take a look at those. These are all efforts to get away from the horrible horrible effects of the income tax and moving to a more sensible neutra
Prosperity. And you heard alvin just say over and over again, consumption based tax. My job on the panel is to try to explain why thats important. Its important because the current tax system treats income that you sai and invest much much worse than the income you can consume. Think about it in this very simple fashion. You make some money. You pay tax on that money. Whats left . Disposable income. Aftertax income. You have two choices of what to do tw the aftertax income. You can consume it right away, or you can consume it in the future. Whats consuming in the future . Its saving and investing. Now, lets think about how the federal tax system theets though two choices. If you consume your aftertax income right away, the federal government, by and large leaves you alone. Yeah we have a federal excise tax on gasoline. We have a federal excise tax on bows and arkansas rowrows, but theres really no federal tax on your income. What happens if you save and invest your income instead . Bet
Guess who was on that Defense Committee that i got to work with . Barry goldwater. John tower, one of the great minds. Gary hart, democrat, one of the smartest people i ever worked with. People who had been basically given their limbs in world war ii. So it was a great experience, learning about threats and systems and spending and reform and all that. And then six years in i was able to get on the Budget Committee, which is what i always wanted to be on because i learned i havent told the story when i ran for the state senate, i said there were two things we shouldnt do. We shouldnt raise our pay because i wanted the legislature to be parttime. The second thing is i wont vote for any tax increases. So republicans win the majority and they decide to raise taxes, and raise their pay. So i turned the pay down, which i came to learn later most people thought i was nuts. The other thing is they wanted to raise taxes, and i said i am not voting for it, and they said i was irresponsible. So