Romney Upholds to Create An Ample Tax-cut on the Corporate Taxes
Low Economy Is Booster to Loan with Bad Credit
Republicans are again back on track, in making the guess for the rich class, the 1 per cent of the American super rich class and the American Ownership class is to benefit when Romney comes to power. He has already made a positive nod to the rich by reducing the corporate tax from the existing 35 per cent to 25 per cent. Romney himself earns on investments on outsourcing businesses, and dividends, and he has promised to keep the tax figures low for capital gains and dividends. It is one area where most of the super-class is benefiting. But these seem to be just tax adjusting to benefit the various classes or the measures to undertake in balancing the deficit balance sheet of the country's economy. On the whole, the low income groups are badly crushed under the wheels of bad economy and they are steadily shifting towards a loan for bad credit wherever emergency cash is required. Why not banks? Banks are facing liquidity crunch and this does not allow them to allot more funds than the nominal. Hence, they can help consumers who have repaying capacity except for the banks payday loans. These loans are issued by the banks to the consumers on different terms and conditions. People for bad credit records are never allowed for, and loan with bad credit is not made available with banks. While the payday money lenders are providing with personal loans and the finances are funded indirectly through the leading banks of the USA. It is strange enough to notice to those developments around us. All this is the result of poor economy and such lending is an alternative to the regular banking systems for loan with bad credit.
Romney Economic Policies Should Benefit Loan for bad credit Borrowers
Believe it, Mitt paid 14per cent tax rate on the $22 million income in the year, 2010 and still the policies will definitely benefit him in the future. Corporate tax cuts will now go down by 10 per cent, i.e., from 35 per cent to 25 per cent. The Corporates are in the hands of few rich in the USA and they are these years outsourcing the work to cheaper labour intensive countries to the East. It benefits the Corporates and produces huge returns on the investments. The existing corporate margins it is not difficult for the rich like Romney to open jobs opportunities, but they do not allow it deliberately. With the fading economy, millions of the American middle class have been broken, public and private employment not opened up, now, even though, Corporates does come to markets with innovative technologies, there is not sufficient American middle class market in supporting these products. Hence, it is high time for the American Corporates to begin to work to the creation of jobs, expansion of plant and machinery in the USA alone. Low income groups are never provided with radical solutions, rather they are given temporary tax cuts to save some money. Is it a comprehensive solution for loan for bad credit? Of course not! The financial system should create cash-flow and give a loan with bad credit to consumers with bad credit record.