Maybe, just maybe, they will reconsider voting for the GOP.
The Economy is our number one problem, Obama and the DEMS didn’t sweep into office and destroy
the economy, Bush and the GOP did.
If we don’t fix the economy then we will slip into a depression and all of the things the Conservatives claim are so important them: The National Debt, the Middle Class, small business, low taxes, immigration, our safety of our troops, and the family will get worse.
In the past year the GOP has not put forward a plan, proposal, or program to fix the recession, so why let them back into power?
Tax reform is impossible to get through the Senate because of the Republican filibuster. The party of NO! has made this a do nothing Congress. Extend unemployment benefits? NO WAY.
harley, the top 5% have the lowest tax rate in nearly eighty years. (http://tinyurl.com/s2br5) Bush simultaneously sank a ton of money in two wars and cut taxes on the rich, and expected to balance the budget how?
Bite the d@mn bullet. We need higher taxes, and we need it on those who can afford it most. I’m trying to track down the current percentiles and am having trouble, but in 2007 the top 5% was an annual income of $167,000, and 5% of that would be $8,350.
And for the record, yes, I’m willing to pay that.
If you want a sobering view of just how rich Americans are, see the following link: http://www.globalrichlist.com/
“and if you pass this stimulus right now, don’t bother reading the pork, don’t ask where the money is coming from, just pass it right now and unemployment will not go above 8%. ”
We don’t need the 100,000 troops Shinseki recommended, we’ll be greeted as liberators, we’ll walk in, kill Saddam, and find his weapons of mass destruction. It will be… “Mission Accomplished.”
And remember, since this war was hidden from the budget, it costs $0. In fact, it’ll pay for itself with all of the oil revenues… .
“But he now says he is for business. ”
Just like Bob McDonnell, “all for business,” when the first thing he did was to strip the equal protections gays had TO WORK.
“sorry to the monitor, I know “profit” is a vulgar word to most libs please over look all he flags I will get for using such a word”
Profit is a vulgar word to Followers of the Bible. Interest, for example, is wholly un-Christian. And as we all know, the U.S. is a Christian country and everyone has to abide by Christian beliefs and practices.
The tax reform of which I speak is repeal of the Bush tax cuts and repeal of the tax breaks companies get for moving their manufacturing plants overseas. An example is the Wal-Mart forcing our TV manufacturers out of business and starting plants of their own in China plus the thousands of other companies that are still moving jobs out of the country. Our former President said in effect, “Wal-Mart and the Chinese products are good for this country as it raises our standard of living.” All the while people were losing their jobs.
And did you see the post I put up from Forbes a few days ago showing that GE and ExxonMobil, for example, have zero to negative taxes?
Having “high tax rates” that are fictional means nothing.
Hey IQ3000 Its NAFTA, GAAT, and WTO that’s driving jobs overseas, not the fictional tax rate that we have here. If that’s the case why would foreigners come here if the tax rate is going to be a problem for them? Why not sit home and wait for a job to come to them?
But harley, the problem is that there is no reason to think that Fair Tax will bring them back. Why?
It’s not as simple as “our tax code penalizes companies, so they move offshore,” which is what a lot of people are asserting, which is rendered nonsense by the facts cited in Forbes. The truth is “our tax codes has loopholes for companies which lose money, so they restructure their finances to make sure that losing divisions are here.” And beyond that, “other countries tax differently, or can be convinced to tax differently for a big multinational, so they take advantage of that.”
Businesses put their money flow based on where they pay the least taxes or get the most benefit. Period. That’s why so many companies have “headquarters” in Bermuda which are essentially a PO Box. I see no way that creating a new tax code will bring back companies - but closing loopholes will at least keep this “corporate welfare” from continuing.
To your point of “lose a lot of money that could be working for them,” you may not be aware of how this works. They can do things like pile expenses on one division so it “loses” money, or put R&D (which is an overhead cost, right?) in the US. All companies spend money and make money, but with big multinationals – heck, even with small multinationals like the company I work for – you can choose where you “officially” spend and make it.
Dtroutma almost 14 years ago
Did he also turn the lights out?
SuperGriz almost 14 years ago
Toles’ Monday blog entry is here:
http://voices.washingtonpost.com/tomtoles/
kennethcwarren64 almost 14 years ago
Maybe, just maybe, they will reconsider voting for the GOP.
The Economy is our number one problem, Obama and the DEMS didn’t sweep into office and destroy the economy, Bush and the GOP did.
If we don’t fix the economy then we will slip into a depression and all of the things the Conservatives claim are so important them: The National Debt, the Middle Class, small business, low taxes, immigration, our safety of our troops, and the family will get worse.
In the past year the GOP has not put forward a plan, proposal, or program to fix the recession, so why let them back into power?
Justice22 almost 14 years ago
Tax reform is impossible to get through the Senate because of the Republican filibuster. The party of NO! has made this a do nothing Congress. Extend unemployment benefits? NO WAY.
Justice22 almost 14 years ago
As to voting incumbents out, The ones we just voted out are ready to step right back in.
Motivemagus almost 14 years ago
harley, the top 5% have the lowest tax rate in nearly eighty years. (http://tinyurl.com/s2br5) Bush simultaneously sank a ton of money in two wars and cut taxes on the rich, and expected to balance the budget how? Bite the d@mn bullet. We need higher taxes, and we need it on those who can afford it most. I’m trying to track down the current percentiles and am having trouble, but in 2007 the top 5% was an annual income of $167,000, and 5% of that would be $8,350. And for the record, yes, I’m willing to pay that. If you want a sobering view of just how rich Americans are, see the following link: http://www.globalrichlist.com/
Jaedabee Premium Member almost 14 years ago
“and if you pass this stimulus right now, don’t bother reading the pork, don’t ask where the money is coming from, just pass it right now and unemployment will not go above 8%. ”
We don’t need the 100,000 troops Shinseki recommended, we’ll be greeted as liberators, we’ll walk in, kill Saddam, and find his weapons of mass destruction. It will be… “Mission Accomplished.” And remember, since this war was hidden from the budget, it costs $0. In fact, it’ll pay for itself with all of the oil revenues… .“But he now says he is for business. ”
Just like Bob McDonnell, “all for business,” when the first thing he did was to strip the equal protections gays had TO WORK.Jaedabee Premium Member almost 14 years ago
“sorry to the monitor, I know “profit” is a vulgar word to most libs please over look all he flags I will get for using such a word”
Profit is a vulgar word to Followers of the Bible. Interest, for example, is wholly un-Christian. And as we all know, the U.S. is a Christian country and everyone has to abide by Christian beliefs and practices.Bargrove almost 14 years ago
Help! Flag all Spammers!
starguy almost 14 years ago
Welcome to ObamaJobs, from the same geniuses who gave you ObamaCare and Government Motors.
Justice22 almost 14 years ago
The tax reform of which I speak is repeal of the Bush tax cuts and repeal of the tax breaks companies get for moving their manufacturing plants overseas. An example is the Wal-Mart forcing our TV manufacturers out of business and starting plants of their own in China plus the thousands of other companies that are still moving jobs out of the country. Our former President said in effect, “Wal-Mart and the Chinese products are good for this country as it raises our standard of living.” All the while people were losing their jobs.
lalas almost 14 years ago
http://www.businessinsider.com/chart-of-the-day-bush-policies-deficits-2010-6
Justice22 almost 14 years ago
^ Thanks. A reminder that the auto bailout has started reaping P R O F I T S for the US treasury.
Motivemagus almost 14 years ago
And did you see the post I put up from Forbes a few days ago showing that GE and ExxonMobil, for example, have zero to negative taxes? Having “high tax rates” that are fictional means nothing.
Motivemagus almost 14 years ago
http://tinyurl.com/ybzsxxd
WarBush almost 14 years ago
Hey IQ3000 Its NAFTA, GAAT, and WTO that’s driving jobs overseas, not the fictional tax rate that we have here. If that’s the case why would foreigners come here if the tax rate is going to be a problem for them? Why not sit home and wait for a job to come to them?
Jaedabee Premium Member almost 14 years ago
GE made $1.1 billion in profits FROM taxes last year.
Exxon does not pay income taxes to the U.S.
kennethcwarren64 almost 14 years ago
HAR - Did the GOP know they were doing this, I am sure that if they knew they would have stopped them.
Big business not paying taxes! What is the world coming to.
Motivemagus almost 14 years ago
But harley, the problem is that there is no reason to think that Fair Tax will bring them back. Why? It’s not as simple as “our tax code penalizes companies, so they move offshore,” which is what a lot of people are asserting, which is rendered nonsense by the facts cited in Forbes. The truth is “our tax codes has loopholes for companies which lose money, so they restructure their finances to make sure that losing divisions are here.” And beyond that, “other countries tax differently, or can be convinced to tax differently for a big multinational, so they take advantage of that.” Businesses put their money flow based on where they pay the least taxes or get the most benefit. Period. That’s why so many companies have “headquarters” in Bermuda which are essentially a PO Box. I see no way that creating a new tax code will bring back companies - but closing loopholes will at least keep this “corporate welfare” from continuing. To your point of “lose a lot of money that could be working for them,” you may not be aware of how this works. They can do things like pile expenses on one division so it “loses” money, or put R&D (which is an overhead cost, right?) in the US. All companies spend money and make money, but with big multinationals – heck, even with small multinationals like the company I work for – you can choose where you “officially” spend and make it.
myming almost 14 years ago
EVERYBODY must get, i mean, pay taxes !
SuperGriz almost 14 years ago
Toles’ Tuesday cartoon and rant is here:
http://voices.washingtonpost.com/tomtoles/