Monday, January 2, 2012

Ron Paul would eliminate the inheritance tax and allow corporations to bring their overseas earnings back home without penalties.

Ron Paul talks foreign policy, jobs in Sioux City
MARY STEGMEIR - 8:43 PM, Dec 30, 2011
Des Moines Register
Sioux City, Ia. — Ron Paul continued to defend his foreign policy positions tonight, saying his non-interventionist method would “offer an opportunity for us to be less vulnerable and actually protect our civil liberties much better here at home.”
“Those who criticize this policy as being isolationist are much more isolationist,” said Paul, who later added that he would offer “friendship and trade with any nation that would want it.”
Cutting military spending could also help jump-start the economy, the congressman told a crowd of around 250 in Sioux City. In the past decade, the U.S. has racked up $4 trillion of debt in overseas conflicts, he said. In addition, loosening federal regulations would spur job growth, Paul said. “We have to invite capital back here and we have to create the conditions where (those in the private sector) create the jobs,” he said.
While the government can’t boost employment numbers, it can foster an environment where business thrives, Paul said. He noted that he would eliminate the inheritance tax and allow corporations to bring their overseas earnings back home without penalties. The congressman will spend the New Year’s holiday with family in Texas, but will be back on the Iowa campaign trail Monday with his son, U.S. Sen. Rand Paul.
He ended his Sioux City appearance with a reference to the American Revolution. The democratic philosophy of the founders was “shared by maybe 5 percent of the people at that time,” Paul said. “But they knew and understood, they were well-educated and they were able to bring people along,” he contributed, drawing a parallel between early patriots and his supporters. “It isn’t a numbers game. It has to do with determination and the rightness and the truthfulness of the ideas.”

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