Word: kemp
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Advocating private ownership of capital and denouncing excessive taxes on income, former secretary of the U.S. Department of Housing and Urban Development (HUD) lack Kemp addressed a crowd of about 300 at an Institute of Politics (IOP) sponsored event last night...
...like to make a case tonight for a universal idea." Kemp said in the approximately hour-long speech. "It is universal not because it appeals to everyone, but because it will work everywhere...
Capital is vital in creating wealth, whether one wants to start a lemonade stand or run a whole corporation, Kemp said. Thus it is puzzling that capital has been a pejorative term in debates...
...talking tonight about the open system based on the premise that there are no limits to the creation of wealth," Kemp added. "There is no shortage in wealth or resources. There's surplus of government regulation...
...fashionable formula these days is modestly priced government help that lets private enterprise flourish in poor neighborhoods. Waters wants loan-guarantee programs that encourage banks to lend in poor communities. "People in our community have little stores,'' says Waters. "We need to multiply that thousands of times over." Kemp wants to eliminate the capital-gains tax for businesses that locate in urban-enterprise zones, where government offers tax breaks and other incentives to bring employers to poor neighborhoods. The Republican budget passed last week by the Senate Finance Committee contains $245 billion worth of tax breaks targeted largely to middle...