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Tax -Free Diamond Engagement Rings Makes Big Sense (Cents)!
Two weeks ago we noted here "Tax and Spend" Charlie Rangels' oration at the New York Summer Jewelers Association Show held at New York's Javits Center advocating to the assembled Brick and Mortar Jewelers the taxing of Internet Diamond Websites so as to "level the playing field" and help the B&M jewelers compete against Internet Diamond and Engagement Rings websites.
Charlie (Democrat, New York) is Chairman of the House Ways and Means Committee and in the spirit of Politicians everywhere has never met a Tax he didn't like. He'll find a "Ways" and "Means" to implement it into Law.
The fact is that cutting taxes, not raising them, is the "Ways and Means" to spur sales and economic growth. In every instance where taxes have been reduced, sales and economic growth have dramatically increased as have collection of tax revenues with the concomitant growth of a solid middle-class that is the foundation of political and economic stability.
The most recent example of this tax-cutting benefit for Merchants and Consumers alike is this morning's report by the Boston Herald Tax Free Makes Great Business Sense.
Cutting taxes, not raising them is the "Ways and Means" to go. Are you listening Charlie? Brick and Mortar Jewelers?
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