Kincaid Exploratory Committee

A few words on the recent Microsoft job cuts.  Back in the old days, as they say, if you spoke out against a major employer, people would warn you,“Be careful this is a company town.” Well, Washington today is essentially a company state. Taking on Microsoft head on would be political suicide. Let me be clear. I am not attacking Microsoft, and I am not trying to start a war with them. But I do think it’s worth re-examining some of their decisions. For example, Microsoft has spent roughly $170 billion on stock buybacks over the past 10 years. That’s not unusual for large corporations, but instead of artificially inflating its own share price, some of that money could have been used for real investments investments in people, in innovation, in the communities that make Microsoft possible. We should also re-examine the H-1B visa program. Companies claim America doesn’t have enough skilled workers to fill key roles. Others say we do, but that companies prefer to hire from oversea...

No Federal Income Tax and Tax Filing for People Earning 61,000 or Less Summary This proposal would eliminate federal individual income tax liability for people earning $61,000 or less in total wage income, simplifying the tax system for tens of millions of working Americans while having minimal impact on federal revenue. So those people  making about 29.33 an hour and under. Would pay zero federal income tax . And would not be required to file a tax return every year.  Payroll taxes would still be taken out of paychecks . For example Social Security and Medicare . And that's it no federal tax taken out of paychecks.  Rationale Based on IRS data from the past decade (2013–2022), households earning $61,000 or less make up approximately 50–60% of all U.S. tax filers. This group contributes only 2–3% of all federal individual income tax revenue, equal to $53–$79 billion per year, depending on the year. That amount  is a rounding error in the Department of Defense. ...