Hey everyone,
I'm an independent - socially liberal/moderate, and economically conservative. I'm from Miami, FL, and as a token white guy, I was actually a minority as far as demographics are concerned. There was some reverse racism, despite that I speak fluent Spanish, but that's another issue I'll get into later.
I find myself resonating with a lot of the same doctrine that Republicans believe in. I'm an accountant, so I spend literally my entire day mitigating tax liability for corporations and individuals so that they have more cash to spend funding projects, which ultimately lead to jobs. This makes it difficult to be progressive because I see day in day out what taxes do. Currently, most of my clients are reluctant to fund projects and expand because of the situation in Washington - they feel that due to prospect that their taxes will increase, they're hoarding cash, and a lot of it. Looking at the figures, in the US, 1.8 trillion dollars in Cash are not being spent due to this fear. This doesn't include what small businesses are incurring,
Couple with the fact that the conversion to IFRS in 2014 is going to cause companies to have to switch to a different inventory valuation method, it's going to cause an acceleration of deferred tax payments (IFRS uses FIFO). To put that in layman's terms, as a result of even more tax liability, huge cash outflows are going to cause the valuation of US corporations to drop significantly.
That's the reason I come to this board.. Because as an Independent, I read over a lot of the content on these boards, and to be honest, I get a little turned off by the hate speech. Yes, I recognize that the things that Obama has accomplished could have been done by any president with 2 party controlled houses, and I also recognize that the US is not going to be saved by Government Infrastructure. The truth is that the US is the greatest country to ever grace this planet, and it was due to us being clever business people, who knew how to take ingenuity and turn it into enterprise. There needs to be changes in the IRS code to make it favorable tax wise for Corporations to bring their money back, and with the current administration, that's not going to happen. But the facts are that the mainstream perception of the Right-Wing, is that they are angry, white rascists. Just saying.
Thanks for your time,
Sean.