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Dan Bongino—So how do we fix it?

If you have had enough of the blame game and the endless political commercials telling us who did what and how bad it is, than, like me, you are frustrated and seeking remedies not scapegoats.

I began my run for the United States Senate a year and a half ago out of a heartfelt desire to shake up an unquestionably broken political system and culture. It is more convenient, in the current political ecosystem, to seek blame and misdirect a voter's ire rather than to propose bold initiatives which can begin to move us in the right direction.

I refuse to continue this practice. Our current President did take office in the midst of a devastating recession, this is not a matter of opinion but a matter of fact. Having said that, our economy is still struggling and we are currently living through the worst "recovery" from a recession in over 60 years. If elected, I am making an ironclad promise to the citizens of Maryland to relentlessly pursue the following economic reforms to immediately restart and rejuvenate a struggling economy.

The first step I will propose is an immediate reduction in our absurdly high corporate tax rate. We now have the highest rate in the world amongst OECD countries. This is not a competition you want to win. The gold medal of tax rates is not a badge of honor. The great irony of our 35% rate is that the effective rate, or what is actually paid, is closer to 16-18%.

Why, you ask? Well, the small business owner who cannot afford an army of K Street lobbyists, top-notch accountants, and lawyers is not privy to the "insider" deductions the politically connected crowd receives.

The small business owner is the one paying that 35% rate while the "insider" crowd pays a significantly reduced rate depending on their level of political "connectivity". This has the effect of producing massive misallocations of capital and investment and is destroying our economy.

I will propose an immediate reduction to a flat rate of 16% and encourage our business community to bring home the nearly one trillion dollars of offshore holdings. This would result in a gusher of high-quality job creation and increased tax revenue to boot.

The second step I will pursue is a permanent extension of the current tax rates. I will not vote to increase your personal income taxes. Our elected officials have demonstrated no ability to efficiently spend what we surrender to them now. Raising my taxes and yours, in the middle of a paralyzing recession will only make worse our terrible economic predicament. A permanent extension will bring certainty to individuals and businesses holding on to capital because of the threat of higher taxes. The resultant re-investment of this capital will be a boost to middle-class wages and economic productivity.

The third step I will support is a Balanced Budget Amendment. It may not be the perfect solution but it is certainly a step in the right direction. We cannot allow unaccountable career-politicians and bureaucrats free-reign over our hard-earned tax dollars anymore. Budget control will happen whether by our will or the will of others to refuse to lend us anymore money.

We are in trying economic times. Engaging in fictitious class-warfare struggles, partisan rhetoric and "yesterday was terrible" talk, will do nothing to help us escape this economic morass.

The only talk our elected leaders should be engaging in is "tomorrow will be better" talk, followed by real solutions, for real Americans struggling in real time.

 


Dan Bongino, a devoted husband and father, served in the United States Secret Service for more than a decade, in which he was assigned to the elite Presidential Protective Division. He represented the U.S. as a lead government security official in over 25 countries. Holding graduate degrees in Business Administration and Psychology, Dan has gone on to start several successful businesses in Maryland. As an entrepreneur, he understands the role small businesses play in establishing a framework for continued prosperity and economic growth.

OMG! I can't believe you said that!!

9:56 am on Thursday, September 27, 2012

My only question to you, Mr. Bongino, is whether or not you will engage in "bi-partisan politics" or will you do what seems to be the norm these days and vote strictly on party lines?? Simple question, but one that most of us want an answer to. There are more things going on that need bi-partisan attention and I, for one, am sick and tired of the bantering and high-school antics in congress. OUR country needs to move forward and we really want politicians that hold OUR best interests at heart not just one party's plan to attack the other's.

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darlene hicks

11:38 am on Thursday, September 27, 2012

Everyone keeps talking about how many people are getting government help, well maybe if good laws were made to make the dead beat parents pay what they owe for their children, then maybe the poor moms and kids can come off of the programs. The law helps the women get out of the abusive relationships and then drops them, leaving them to fend for themselves. I know for a fact that these dead beats know how to get around the system so as not to pay. What are your thoughts on this?

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W. L.

12:22 pm on Thursday, September 27, 2012

I would like all our politicians to have limited terms - no more than 2 terms. There should be no life-time career politicians.
They should not receive huge retirement benefits for "life," paid for by us.
They should be supplying their own medical and life insurance plans, the same as us.
They should be required to wait 2-5 years before working for a "special interest" company (those lobbying them), once out of politics.
Big corporations lobbying politicians should be outlawed, so they will act for the voters, not the big corporations
I would like to know your opinion on the above.
Please answer all our concerns, with another Patch article..

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Shawn

8:57 pm on Thursday, September 27, 2012

W.L. your post is common sense and should not be an issue. However unfortunately common sense and politics mix like oil and water. All politicians democrats and republicans (like there is any difference between the two parties) talk the talk but very few if any actually walk the walk. The fact is once elected politicians become very wealthy for selling out the people for whom they are suppose to represent. I completely agree with your post, no politician would ever support such change as there is way too much money to be made by playing politics as usual.

TJ

12:44 pm on Thursday, September 27, 2012

Fix the problems of fraud and corruption in the currernt programs like SS, welfare and Medicare. The IRS pays out billions, even to dead people at the tax payer expense instead of fixing the problem. Since Katrina, oil companies are making record profits and still raising prices. Why not go back to pre - Katrina era and pass a " reasonable profit clause " to stop this abuse of the system. Stop party line votes & work for the people. Stop taxing to cover up the mismanagement of the Goverments mistakes.

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Jim Davis

12:56 pm on Thursday, September 27, 2012

I would add one more to the above. Change the campaign contribution laws to read "Candidates for political office can only accept contributions from living American citizens living in the District they represent. Each individual contribution of any size to be reported on a public web site within one week." I would happily see corporations, PACs, unions, lobbyists, bundlers and the like out of the picture.

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O.P. Ditch

2:35 pm on Thursday, September 27, 2012

Be careful @OMG, one shouldn't move "Forward" if you are at the edge of an economic cliff as we are now.

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OMG! I can't believe you said that!!

1:47 pm on Friday, September 28, 2012

From one Republican to another, the economic catastrophe we are currently in was not formed by this administration, but by the last Republican administration. I don't live by slogans, i.e., "Forward", but by common sense and keeping abreast of what is really going on, not what is just broadcast by any particular news, be it cable or network....no such thing as "fair and balanced".

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Shawn

8:00 am on Saturday, September 29, 2012

Good point OMG. The more you look the more you will find and discover that despite different party platforms both the democrats and republicans have been working on the same agenda. That agenda is a new world order.

TJ

2:39 pm on Thursday, September 27, 2012

Just as Obama spent a trillion dollars in the solar industry and they all failed to produce any results or went belly up. Obama doesn't care because it's NOT his money that he's playing with. Our tax dollars shouldn't be spent as an experiment or fund programs that the private sector has proven not to be cost effective in the long term.

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Just a guy

8:08 am on Wednesday, October 3, 2012

Maybe because the Chinese subsidise their solar industry at 4 times the rate that we do makes it impossible for us to come close to being competitive? The private sector hasn't proven anything. With the Chinese, there is no distinction between private and public, They are playing to win, and we bicker over public and private... Every time we try to develop an idea or a market, or a new energy, the Chinese just out fund us and laugh when people like Tommy bitch about the government finding programs.

We aren't playing the same game, and we are getting killed.

Maybe if everyone would stop buying things from China. You know, suck it up and pay a bit more, ok, maybe a lot more, but that's what it's going to take. Start making it uncomfortable for them...

TJ

2:54 pm on Thursday, September 27, 2012

I forgot about Obama's 510 million of tax payers money on bio fuels to Gevo Inc. Obama bought the fuel they produced at $59.00 a gallon. WOW, that wasn't in his convention speech either.

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Steve

3:07 pm on Friday, September 28, 2012

The Pentagon bought the fuel for $59 per gallon not the President.

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TJ

3:19 pm on Friday, September 28, 2012

Steve, come on, if you think the pentagon did it on their own, your crazy. Obama ordered them to buy it. Tax payers paid for another failed experiment.

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TJ

3:49 pm on Friday, September 28, 2012

Gevo Inc. was Obama's baby. Not Bush's. You and Frank keep blaming Bush but you keep forgetting that the Democrats had control of congress and the policies that came from them is the problem now. Bush didn't pass any laws. All of Obama's waste came in his first two years in office when Democrats controlled congress. Democarts love to spend & waste OUR money.

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Steve

4:09 pm on Friday, September 28, 2012

How can it be Obama's baby when it's been around since 2005?

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TJ

5:22 pm on Friday, September 28, 2012

Here we go again. The $59.00 a gallon fuel from Gevo was a contract in 2010 under Obama's failed attempt to go green. We have all the gas, oil and coal we need to get away from foreign oil. Obama could care less how high gas prices go. We have a bunch of countries producing oil off of OUR coast and selling it back to us. The Democrats have fought year after year to keep it that way. WHY? The private sector hasn't proven that solar power is cost effective in the long run, yet Obama throws our money at it anyway. Even King Obama can't change the facts or the out come.

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Just a guy

8:42 am on Wednesday, October 3, 2012

How far off our coast? Just how far off is it still ours? I guess you could say Saudi is just off our coast too... Are you suggesting that we nationalize the wells offshore? That seems like a pretty socialist thing to say...

Again with the private sector...Open your eyes, Our piddly private sector is trying to compete with the Chinese government, and we are losing.

As far as fossil fuel reserves... Natural gas and coal maybe, but not oil...

Clean coal doesn't exist. There is no such thing. And I'm not entirely convinced about fracking. Maybe if the CEO's, and the BOD's of the fracking companies and their families are forced to live near, and drink the well water from the area, I might believe them when they say it's safe...

And lastly Tommy, while you might dislike and not agree with the man or his policies, try to show some respect for the office. I refer to President G W Bush by the title of the office, even though I think he was a completely incompetent, moron, puppet...

TJ

2:23 pm on Wednesday, October 3, 2012

Just, Respect needs to be earned and with his lack of leadership, broken promises and lies, he hasn't earned it. Oil - if we start producing our oil instead of exploring and capping the wells, we could get away from OPEC and control our own prices.

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Steve

2:31 pm on Wednesday, October 3, 2012

That's a dumb idea. As it is now, we export more oil than we import.

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G-Man

2:45 pm on Wednesday, October 3, 2012

I believe you are both wrong. We stock pile our oil and trade little. We buy oil mostly from Canada, South America and Saudi. Real issue with oil are the speculators who jack up the prices when someone scratches their butt in the middle east. Also we have not built a refinery in our country in 30+years. As far as Bongino's news flash, I hope he can produce. It will take a nation who is together to vote out the clowns we have in Congress, Senate and the White House and a major overhaul in the way we do business in DC. What are the chances of that happening?

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Steve

3:06 pm on Wednesday, October 3, 2012

For the last 2 years we have been exporting oil to the tune of about 50,000 barrels per day.

http://usatoday30.usatoday.com/money/industries/energy/story/2011-12-16/us-oil-boom/52053236/1

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Steve

4:15 pm on Wednesday, October 3, 2012

"Need new refineries."

Not really. Just look up the road . SUNOCO is tearing down their big refinery in Philly and the CONOCO refinery is being changed over to a natural gas export facility.
Because of the US Flag requirements and cheap labor it's far cheaper to refine it overseas. It costs more money to fill up an oil tanker in Texas and ship it to the East Coast than it does to ship it straight from Venezuela.

G-Man

2:47 pm on Wednesday, October 3, 2012

slim to none. We should start here at home. Our elected officials here in Maryland are way out of touch with reality.

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