I think we need to all of these:
- cut spending
- increase tax rates for individuals
- introduce a nominal 3% sales tax
I think increasing the corporate tax rate is a mistake because it will fundamentally change the economics of projects. While I see that shaking out over time as adjustments are made, the short term pain right now is not worth it.
Last edited by oilyfan; 12-21-2014 at 09:17 PM.
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