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In this economy, jobs are disappearing and our budgets are tight. This is true of families, businesses, and even governments. We face the challenge of generation. I believe we are up to it. We just need faith, vision, an action plan, and a willingness to work with each other. It is sounds simpler than it is, granted, but we are Americans. We can handle it. My experience serving this great country assures me of this fact.
I am in consultation with an economist to find some innovative ideas to make our city a better place to do business, but it does not take a PH. D in economics to see what we are doing needs to change. Unemployment continued to rise in Dover even when the national trend stabilized. We are now above the national average. My goal over the next year is to make Dover open for business.
I want to turn this city into a viable enterprise zone. I want to see us take advantage of programs that only a city or locality can administer such as the export grants to businesses through the SBA. I would like to see the community reinvestment money mandated by the Federal government from the banks stay here instead of flowing to Wilmington by setting up our own reinvestment fund. I want to see us streamline regulations and paperwork. I want to see us expand our tax credits for businesses that expand or locate here so we stay competitive with other localities in the state.
I am concerned that we are wasting your money instead of putting it in our community. One example is our water system. A top priority needs to be updating the well heads and repairing the leaks. I still believe we should have lined the pipes for a fraction of the cost and time of replacement. Our declining infrastructure is hurting our job creation. When our water system can only operate at 80% design capacity, it keeps industry from locating here. The infiltration in our waste water system or runoff is costing us $1,000,000 a year to pay the county for water that shouldn’t have been in the system.
That is $1,000,000 not helping our community. It could be paying for community police, youth programs, or repairing our streets. Maybe it could be helping us bring jobs here. Instead it is literally being flushed down the sewer.
This has to stop. Please help me stop it next Tuesday April 19th by honoring me with your vote for city council.
P. S. If you would like to help, go to davidandersonforcouncil.com and contribute or volunteer.
Economy better than He dreamed–really 11 October, 2009Posted by stoptaxing in Economic Policy, Jobs.
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Vice President Biden must have scaled back his dreams. He says the economic stimulus package worked beyond his wildest dreams. I guess the 15 million Americans without work have bigger dreams like paying the bills and keeping a roof over their head. The VP does not need to worry. He has a 4 year contract that we hope not to renew.
Small Business still on the outside of health reform 1 October, 2009Posted by David Anderson in Healthcare, Jobs.
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The Baucus draft is better but not even close to helping small business. It discourages wage increases for American workers and discourages business hiring. It raises the cost of health insurance. It does give some tax credits to help businesses purchase coverage and provide coops for businesses with fewer than 100 employees. It seems to me that we should start over. Singapore has its 50th anniversary of the best health care in the world this week. It is market based and founded in medisave accounts.
Is it time for a real stimulus bill? 27 August, 2009Posted by David Anderson in Economic Policy, Energy, Jobs.
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After the fiasco in February, the term stimulus bill is a dirty word. Yet, the recent CBO projections sustained high unemployment and larger deficits makes me think that a proper stimulus bill would be an investment. The projected deficit is up by two million million (trillion) dollars before new programs are taken into account because of poor economic performance. The real unemployment rate is said to be 16%. Instead of speaking about raising energy taxes to pay for global warming concerns, income taxes to pay for health reform, income taxes on the wealthy to pay for whatever, payroll taxes on workers to pay for health reform, and business taxes to pay for an aggressive retread liberal agenda, why not first go for economic stimulus?
I want real economic stimulus not the sham of Christmas, Hanukkah, Kwanzaa, and every Special interest lobbyist birthday rolled into one bill. We know what works. Why don’t we do it?
First let’s stop holding up the oil drilling permits authorized under the Bush Administration and mandated by Congress. It will help create downward pressure on future oil prices and create well paying jobs. It will actually bring money into the government instead of spending money.
Let’s do the same for wind farms. While we are at it, let’s create energy enterprise zones where the manufacture of alternative energy qualifies for investment tax credits. Let’s give a huge reward for the better battery.
Second, Let’s continue the payroll tax credit for another year and make it for both the employee and the employer so that the cost of employment is cheaper.
Third, let’s try cash for appliances without the bureaucracy. Energy efficient appliances would help lower energy prices and stimulate the economy. The Cash for Clunkers program was a great idea to move people to more energy efficient cars, but it was very poor in execution. I would love to see the program done again, but if it is announced too early that would depress car purchases. It is best to let it go.
Fourth, ask the Fed to stop the payment of interest on excess reserves. It is stopping the free flow of money and dampening the vaunted multiplier effect.
Fifth, Just eliminate the income tax, payroll tax, and corporate income tax and implement the FAIR Tax. I know that won’t happen with this Congress. In spite of scores of economists saying it would be the best move possible.
Sixth, barring number 5, reinstate the Reagan era investment tax credit and give small and medium business accelerated depreciation options.
Seventh, Make December of 2009 a tax holiday from personal income and payroll taxes.
Eighth, Give huge prizes for the creation of the Better energy storage system, increasing the efficiency of solar panels to 18%, a more energy efficient way to extract shale oil, and a better nuclear waste recycling system.
Ninth, Extend the first time homebuyers tax credit for 5 years.
Tenth, exempt the first 2% of an interest rate in bonds or CD’s from income taxes.
Eleventh, Declare any county with unemployment and underemployment over 10% an enterprise zone where local businesses that expand will get a 5 year investment tax credit in addition to the general one proposed.
Finally, Break the foreclosure cycle by funding state programs that help people by loaning them money interest free to catch up on mortgage payments once they find a new job. Give the banks more incentive to negotiate by reforming the bankruptcy laws to what they were before Jimmy Carter exempted mortgage terms from being changed. Give the banks tax credits to make up for loses in the voluntary modifications.
These proposals would cost a lot less than anything discussed and could in fact be done with the 250 billion set aside for bank relief that the President is thinking of relinquishing. If you want sustained economic growth, you have to build a supply side strategy into the mix. The current stimulus is based solely on the demand side. You have to do both. It is like trying to fly flapping one wing.
Kennedy and Dodd Health Bill Attacks Wages 12 August, 2009Posted by David Anderson in Economic Policy, Healthcare, Jobs.
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The Senate HELP committee’s version of Health Care Reform is billed “The Affordable Health Choices Act”. It had better be affordable because if it is implemented it may provide a disincentive to many employers paying higher wages. It gives credits to small employers to help with a mandate of coverage. The problem is that it only covers the micro business side. If you hire 50 people instead of 49 or if you have a lot of high flying sales people and well paid mechanics, you may not want to give a raise to that hard working receptionist. The incentive would be to keep some people with low pay to get the money. I didn’t think that Senate Democrats were so angry at the bottom 50%. Weren’t they suppose help the forgotten middle class? Yet they wonder why we get testy.
To qualify for the credit, employers must have fewer than 50 full-time
employees, pay an average wage of less than $50,000, and must pay at
least 60% of employee health expenses. The credit is equal to $1,000
for each employee with single coverage and $2,000 for each employee
with family coverage, adjusted for firm size (phasing out as firm size
increases) and number of months of coverage provided. Bonus payments
are given for each additional 10% of employee health expenses above
60% paid by the employer. Employers may not receive the credit for more
than three consecutive years. Self-employed individuals who do not
receive premium credits for purchasing coverage through the Gateway
are eligible for the credit.
Require employers to offer health coverage to their employees and
contribute at least 60% of the premium cost or pay $750 for each
uninsured full-time employee and $375 for each uninsured part-time
employee who is not offered coverage. For employers subject to the
assessment, the first 25 workers are exempted.
Let’s get those greedy job creators 1 June, 2009Posted by David Anderson in Jobs, Tax Hikes.
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Guest Post from Joe Isuzu –wink (A wink is as good as nudge to a blind bat.)
Maryland had a very successful experiment with a millionaire income tax surcharge. It changed state revenues by an 100 million dollars. Did I say that it lost 100 million dollars when 1000 or 1/3 of the millionaires moved? Oh, well I considered it a success because the more you tax something the less you tend to get of it. I love the proposals to do same in Delaware. I fully support them. Let’s set a goal for our state and follow suit. The more the state taxes fall, the more likely we will have smaller and more efficient government. We need to punish the job creators to teach them that they aren’t the bosses of us. They need to sacrifice or leave.
John Kowalko and several others have it all planned out. The Republican minority could block it, but they understand the value of a good tax increase so let’s make it temporary for 3 years. Maybe we won’t make them leave, we will just play chicken with the train. Let’s show the rich that both parties are willing to give it to them.
I am so happy that we can follow NY, NJ, and MD. I am proud that we are finally going to stand up to the rich guys making over 60K. Well, that’s how we will get the rich to stay. We will tell them misery enjoys company and punish the middle class too.
I am especially overjoyed that while we talk about these tax increases, we will put reform of our state financial mismanagement system on the back burner and throw the equivalent of the tax increase out into the back dumpster. We don’t need to make any reforms. We need to transfer more wealth to government to save our economy.
Thank you all. I am Joe Isuzu, and I wrote this article.
Here is a Baltimore Sun quote from one of the selfish millionaires. It shows the bad attitude of some of these greedy types. Good riddance, I say.
The implication from one of the people you quoted is that people in my position would never ‘move’ for a 1 or 1.5% tax difference [the millionaire bracket for the income tax]. Are you kidding me? I grew up poor. A $32,000 tax difference is VERY real, even for someone in my position. That’s how much we saved in 2008, filing in Virginia and not in Maryland (besides the millionaires tax, base rates are lower here). The bottom line is that Maryland… lost more than $150,000 in [total] annual income taxes from my family alone that would not have been lost if it were not for the O’Malley administration’s confiscatory extra tax grab.
Tags: John Kowalko, More regulation
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Our favorite job killer in the state House of Representatives has joined with one of our favorites in the senate (Senator Sokola) to give us more regulation of hairdressers. Of course this bill would disproportionately affect minorities who can’t afford giving a monopoly to accredited schools. We all know that silly regulations that prevent many convicts from being licensed in the field are a barrier to the market. The solution is to place barriers to those who wish to own their own business a bit higher without giving the consumers any better protection.
If you can pass the tests, keep safety regulations, and gain a following in the marketplace, what right does Representative Job Killer AKA John Kowalko have to say that you aren’t worthy. With the economy the way it is you would think that our leaders would work to allow job creation, that was before one party rule. (But a lot of other states are doing it– just because it doesn’t work for them doesn’t mean we can’t try it. )
Delaware Taxpayer Public Enemy Number 1 8 May, 2009Posted by David Anderson in Budget, Jobs, State, Tax Hikes.
Tags: John Kowalko
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First the man proposes tripling our taxes with a single payer/player health scheme and now he thinks that taxpayers need to sacrifice more because it is unfair that state employees have to give back to balance the budget.
Rep. John Kowalko proposes massive tax increase in the gas tax, personal income tax, and just so that you don’t have a job to pay those business and corporate taxes. The man is a walking job killer and a threat to the economic well being of Delawareans. At least he didn’t buy into the temporary sales tax proposed by one of the unions just to insure we are ruined for years. These types of protect government at all costs proposals ignore the fact that State spending increased under Democrat rule with few checks. Efficiency and prioritization were not important factors. We ignored reforms in medicaid, education, employee benefits, corrections, and other areas. Now the Blue Hens have come home to roost.
Rep. John the taxpayer mugger Kowalko solution is to feather their roost with what little money you have left.