What Should Barack Obama Know About Corporate Taxation?

Ok people, just a short entry here. Senator Barack Obama, the Democratic Party Presidential Candidate, is usually short on substance when it comes to how he will achieve his goals. However, one thing has been pretty consistent - he wants to raise taxes on corporations.

You might think that's a good thing if you're into the rich vs poor, Us vs them politics that the Obama campaign is using but I'll tell you this - Obama has never run a corporation for profit. He hasn't been a CEO, CFO, or COO. For that matter he apparently hasn't ever taken high school business or economics. If he had he would have learned a major truth...U.S. CORPORATIONS DO NOT PAY TAXES.

Go ahead and argue the point and you'll be wrong. Corporations DO COLLECT taxes as directed by the law, and corporations DO SEND that money in to the U.S. Treasury or other governmental agency as required. BUT...they pass that cost on to the consumer. I'll say it another way. Any tax levied on a corporation is counted as a cost of doing business and any cost of doing business is figured in to the final selling price of the corporation's product or service. Any raise in taxes on corporations as Barack Obama has repeatedly suggested will raise prices YOU PAY.

That's right, a tax increase on corporations is a back-door tax ON YOU!

Sarah Palin Understands The Federal Government's Role

On Wednesday, September 3rd, Governor Sarah Palin of Alaska accepted the Republican Party's nomination as the Vice Presidential candidate. She made a fantastic acceptance speech that was lauded by pretty much everyone. Even Senators Barack Obama and Joseph Biden, the Democratic Party's Presidential and Vice Presidential nominees liked the speech but offered the criticism that she didn't mention healthcare and college tuition.

Ok, I'll grant that she didn't mention those things but why would she? In my opinion she didn't fail to mention healthcare and college tuition because she doesn't think they're important issues. I personally believe that Sarah Palin didn't mention those things because she understands that healthcare and college tuition are not the domain of the federal government. That's right, it's not the federal government's job to provide healthcare and/or college tuition. She knows that just as anyone who has read the U.S. Constitution knows that. Apparently the Harvard educated lawyer Barack Obama and his Washington insider running mate need to read the U.S. Constitution and remember what the federal government's job is.

If you want the federal government to provide healthcare for everyone and provide college for your kids I say this to you...BE CAREFUL WHAT YOU WISH FOR!