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Pro-Business Banquet

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Governor Greg Abbott (TX) invites any Senator to speak at the Texas Pro-Business Banquet.

The first 3 Republicans to post a response accepting the invitation will be able to post another response that contains a small speech that they will give at this event that promotes less business taxes, less regulation/deregulation, anti-union, and other typically conservative views on business related issues.  The results will be +2 to that character's Name Recognition and +2 to that character's Charisma.  They will also receive a boost with the Business demographic. The qualify of their speech will dictate how much their Business demographic grows.

 

Please have your official speeches by the end of Friday, 2/15, 11:59 PM

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I accept.  (Lucille MacGillicuddy-Ricardo)

Edited by LMR

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The Pro-Business Banquet Welcomes Guest Speakers (In no particular order)

Lucille MacGillicuddy-Ricardo

Graham Chambers

Nicholas Rhodes

Event takes place in Dallas, Texas

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Senator Graham Chambers

Republican of Arkansas

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Well, a huge howdy to Dallas! And a big thank you to Governor Abbott for having us here tonight.

I'd like to make something clear from the outset: tonight isn't about us elected officials. No, it's about you - the business owners from across American who believe it is important to hear what's going on in our nation's capital and how we are representing your interests. Because, as Ronald Reagan's favorite president - Calvin Coolidge - famously said: "the chief business of the American people is business. They are profoundly concerned with producing, buying, selling, investing and prospering in the world." American society is unique in this feature: we aren't defined by an over-active, interventionist government. No, all too often government gets in the way. Instead, we are defined by our entrepreneurial spirit of innovation, which is driven by our status as a capitalist nation.

Now, friends, this all seems commonsense to you and to me. As an accountant, I know what it takes to run a small business, what it takes to manage a large-scale business. And the last thing you need is the overburdening iron fist of government to crush the invisible hand of the market! Unfortunately, this commonsense which our Founding Fathers embraced, which has created the institutions for prosperity here in America - well, unfortunately the Democratic Party has completely abandoned all the received wisdom of what works and what doesn't!

Take a look at some of their latest legislative proposals. First is a bill to permanently, automatically increase the minimum wage to the relative poverty level. Now, none of us here want Americans to live in poverty: it is antithetical to our promise of opportunity for all. But the way to eradicate poverty is not to place mandates on businesses: that is the way to create mass unemployment. This Democratic Party proposal would hike the minimum wage to over $15 per hour across the United States - overnight!

Now, this crazy, left-wing idea is intended to make the Democratic House's minimum wage hike seem friendly to business, but you tell me: Do you want to see your cost of labor doubled?

As if that isn't bad enough, Democrats in the House are insistent that you, as business owners and managers, fork more of your hard-earned money over to Uncle Sam. They claim that a 65% top marginal rate will fix the budget crisis, but I'll tell you all what this soak-the-rich strategy would do: it'd lead to a decline in innovation, long spells of recession, and less money for all Americans! Democrats believe that government knows how to spend your money better than you do. That is pure, unadulterated malarkey!

Friends, I can promise you that the Republican Party I'm proud to represent will not support such outlandish proposals.

Of course, we cannot sit back on our laurels and simply be on defense all of the time. That is why I introduced the National Right-to-Work Act, because no American worker, regardless of where they live, should be compulsorily forced into union membership. Our Constitution guarantees freedom of association, and our economy thrives on freedom of employment. Unfortunately, this bill was killed in Committee by Democrats and a few rogue Republicans - but I will continue to fight for Right-to-Work across these 50 states!

I'm also proud to have worked across the aisle to support the unanimous Senate passage of a bill to that would establish a Federal Regulatory Budget. If we can carry this across the finish line, which I believe we can, it'll be a huge success for the business community nationwide and prevent your industry's regulators from acting maliciously the next time there's a change of the party in the White House.

I also believe we must call out so-called pro-business leaders when their policies fail to meet muster. For example, I support giving Congress greater oversight over executive abuse of tariffs. Trade is not a zero-sum game - everyone can win - but trade wars are a negative-sum, nobody-wins scenario. I am also skeptical of some parts of the so-called America First Tax Reform Act, which you ought to be aware of. This bill is largely anti-capitalist, as it would eliminate carried interest, would establish a financial transaction tax, and re-establish tax on foreign corporate earnings. It also eliminates the FICA cap, meaning you'll be paying more into Social Security without receiving anything extra when you retire.

Now, I do support continued cuts to the tax brackets, but we must also address a looming threat to our economy that nobody wants to talk about: cutting our deficit. We simply spend too much, and at some point the whole system might come crashing down if we don't get things under control - and soon. That is why I'm going to tightly scrutinize President Vang's budget to eliminate any wasteful spending, duplicative programs, or other pork barrel items that must go!

Well, Dallas, I really appreciate you letting me speak with you here today. And, once again, a huge thank you to Governor Abbott of the Great State of Texas! Thank you, God bless you, and may God bless the United States of America!

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Governor and Mrs. Abbott and Honored Guests,

                Thank you for inviting three of us Senators to speak about what America needs to do in order to foster business and private enterprise, the great drivers of growth and opportunity for us all.  It is fitting that we meet here in Texas, which, like my home state of Florida, is booming.  People and businesses come to our states all the time.  It is no coincidence that our state governments know what it means to attract jobs and residents:  keep taxes and regulations low.  Indeed, our two states share an enviable distinction … no state income tax!  And so we grow, and we grow, and we grow, every day moving forward.

                And then there are the other states, especially the highly taxed and regulated states like New York, California, and Illinois, where taxes are high and regulations are burdensome and the budgets groan with unfunded liabilities, and life is therefore hard for both residents and businesses.  New York is losing people as we speak, and California has stopped growing.  Illinois is a flaming dumpster fire of decline. 

                When considering places like Texas and Florida, and those other states, we see two fundamentally opposed philosophies at work.  Both political parties believe in funding government.  But Democrats think that the State is the rightful custodian of the money that the people have made, and so it is the job of the State to dole out what it considers to be “enough” money to the people.  If the State believes you are too successful or have made too much money in life, well then, you get to keep less of what you earn. 

                Republicans know something different.  We know government does not create wealth.  We know that the State does not  have the first claim on the country’s wealth.  Rather, we Republicans strive to take the least amount from the American people, the amount needed for the Government to operate, to deliver public goods, and provide for the common defense.  And we really are not into stirring up envy and resentment against people because they are successful. That is not our way, and that is not the American way.

                The Republican and Democrat ideas about our national government and the economy stand in glaring contrast to each other.  The Republican Party, led in the Senate by your own Majority Leader, Kyle Fitzgerald, has submitted a plan that does not raise income tax rates, and in fact cuts rates down the bone for most taxpayers.  But it also brings in revenue by further streamlining deductions and exemptions just as President Trump had done.  And, in light of alarming projections that the Social Security Trust Fund is about to run empty, the Republican Plan fully funds Social Security for at least the next forty years. 

                So that is our plan.  What about the Democrat Plan?  Well, when I look at it I have to just shake my head. Where is the Democratic Party of the JFK era, when that President worked to lower the top rate by twenty points?  Where is the Democratic Party of Bill Bradley, who worked across the aisle to pass the 1987 tax reform, which lowered the top rate to 28% and removed millions from the tax rolls?

                Instead, we have the Democratic Party of Douglas Grant and Bobby Newport, of Paul Kessler and Calvin Ward, a party of stagnation, a party of anger and envy of the successful, and a party that would have us go back to the 1970s in tax policy, jacking our top rate up to 65% and the second highest rate to 55%.  These are rates we last saw in 1979.   And we know they do not work!  We know they stifle growth innovation.  That is why every single country in the OECD has lower top rates than 65%.  Look at the major countries.  Britain and Germany have top rates below 50% for example.  Even the European countries, so fondly regarded by Democrats as paradise, know that you cannot tax your way to growth and prosperity. 

                But in fairness, there are real-world examples of the Democrat approach from recent years.  Socialist President Francois Hollande imposed a 75% supertax on the wealthiest citizens of France.  The result?  No extra revenue and a blow to the economy.  He had to reverse course quickly.  And I mentioned Britain… by 1979 the British were being crushed under a top wage tax rate of 80% and a top investment tax rate of 97%.  And the economy stagnated.  Wealth was not created, wealth fled.  Britain was called the sick man of Europe.

                It is simply perverse that Democrats want to take us back towards those days.  Have they learned nothing?   Can they really believe that raising our top tax rate to be the highest in the world will possibly increase wealth and attract capital? 

                There is a better course.  Keep taxes as low as possible.  Keep deregulating.  Concentrate on growing the economy rather than dividing a stagnant economy.  Stop jacking up costs on business, such as labor costs.  Let our great American engine of prosperity truly roar.   It has been doing so.  We are already the world’s biggest exporter of energy.  Let’s keep moving forward.   Thank you.

 

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@LMR @Recks

Nice job with your speeches!  You both did an excellent job with crafting your message, separating yourselves from the Democrats, and making the business people happy. 

You both have received the +2 CHA and +2 Name Recognition as well as a +10 to your Business Demographic

 

Governor Abbott is frustrated with Senator Rhodes @Sovereign  for not showing up.  -5 Business Demographic

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