Stone, Sand and Gravel Review - May/June 2012 - (Page 28)

Presidential Candidates by Pamela J. Whitted NSSGA Senior Vice President Legislaitve and Regulatory Affairs NSSGA IS PLEASED TO present you with an issues spotlight on the presidential candidates featuring a special focus on those issues impacting the aggregates industry. Taken directly from the presidential candidates’ campaigns, this enlightening look reveals their stances on the issues and shows where their priorities are for America. Of particular note: Little is said by the candidates of either party about the importance of our nation’s transportation infrastructure to Americans’ way of life. Our work must continue to impress upon elected officials that economic growth and properity are based on having an efficient and costeffective transportation infrastructure allowing us to get goods to market and loves ones to doctors or soccer games. Taxes BARACK OBAMA PRESIDENT OBAMA PROPOSED THE Buffett Rule, asking millionaires and billionaires to pay their fair share of taxes. American families that make under $250,000 a year would not be impacted. The President has called for reforming our tax code and closing tax loopholes for millionaires and billionaires as well as hedge fund managers, private jet owners and oil companies. NEWT GINGRICH STOP THE 2013 TAX increases  to promote stability in the economy. Job creation improved after Congress extended tax relief for two years in December. We should make the rates permanent. Make the United States the most desirable location for new business investment through a bold series of tax cuts, including:  eliminating the capital gains tax  to make American entrepreneurs more competitive against those in other countries;  dramatically reducing the corporate income tax  (among highest in the world) to 12.5%;  allowing for 100% expensing of new equipment  to spur innovation and American manufacturing;  ending the death tax  permanently. Move toward an optional flat tax of 15%  that would allow Americans the freedom to choose to file their taxes on a postcard, saving hundreds of billions in unnecessary costs each year.  This optional flat tax system will preserve deductions on charitable giving and home ownership, and create a new personal deduction of $12,000 for every American. This deduction is well above the current poverty level, ensuring that this new system does not unfairly target the poor. RON PAUL SUPPORTS A LIBERTY AMENDMENT to the Constitution to abolish the income and death taxes.  Capital gains taxes, which punish you for success (and interfere with your efforts to hedge against inflation by purchasing gold and silver coins), should also be immediately repealed. While a Flat Tax or a Fair Tax would each be a better alternative to the income tax system, we would have to guarantee the 16th  Amendment is repealed to avoid having both the income tax and one of these systems as an additional tax. Restraining federal spending by enforcing the Constitution’s strict limits on the federal government’s power would help result in a 0% income tax rate for Americans. MITT ROMNEY MAINTAIN CURRENT TAX RATES on personal income. Maintain current tax rates on interest, dividends and capital gains. Eliminate taxes for taxpayers with AGI below $200,000 on interest, dividends and capital gains. Eliminate the death tax. Pursue a conservative overhaul of the tax system over the long term that includes lower, flatter rates on a broader base. Reduce corporate income tax rate to 25%. Pursue transition from “worldwide” to “territorial” system for corporate taxation. 28 STONE, SAND & GRAVEL REVIEW, May/June 2012

Table of Contents for the Digital Edition of Stone, Sand and Gravel Review - May/June 2012

Events Calendar
Legislative & Regulatory Calendar
Meet Your 2012 Chairman Ron Summers
The American Spirit : Industry Leaders Gather in Charlotte
American Ingenuity : AGG1- A Huge Sucess in Third Year
A Review of the Contruction Aggregates Market
Presidential Candidates Spotlight
ROCKPAC Raises More than $450,000
Rip & Share
Products & Services Guide
Index of Advertisers /

Stone, Sand and Gravel Review - May/June 2012