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Thread: Obama Team Eyes Employer Payroll Tax Break

  1. #121
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    Re: Obama Team Eyes Employer Payroll Tax Break

    Quote Originally Posted by cpwill View Post
    perhaps that's why Republicans shifted to the quite-lucrative area of tax simplification rather than tax cuts in their 2012 budget
    Too bad they ****ed up by insisting on tax cuts and then balancing the tax cuts with medicare cuts. Tax simplification where loop holes are removed and the marginal rate is reduced should still result in more revenue because you no longer have a situation where some businesses don't pay any taxes.
    Last edited by xpiher; 06-16-11 at 03:51 AM.
    Hayek - too liberal for republicans

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    Re: Obama Team Eyes Employer Payroll Tax Break

    Quote Originally Posted by cpwill View Post
    perhaps that's why Republicans shifted to the quite-lucrative area of tax simplification rather than tax cuts in their 2012 budget
    Maybe it's time for a German-style industrial policy and for Americans to stop being chumps when it comes to "free trade," an oxymoron if ever there was one. There's nothing "free" about it:

    Nobel laureate Michael Spence, author of The Next Convergence, has looked at which American companies created jobs at home from 1990 to 2008, a period of extreme globalization. The results are startling. The companies that did business in global markets, including manufacturers, banks, exporters, energy firms and financial services, contributed almost nothing to overall American job growth. The firms that did contribute were those operating mostly in the U.S. market, immune to global competition health care companies, government agencies, retailers and hotels. Sadly, jobs in these sectors are lower paid and lower skilled than those that were outsourced. "When I first looked at the data, I was kind of stunned," says Spence, who now advocates a German-style industrial policy to keep jobs in some high-value sectors at home. Clearly, it's a myth that businesses are simply waiting for more economic and regulatory "certainty" to invest back home.

    What U.S. Economic Recovery? Five Destructive Myths - TIME
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    Re: Obama Team Eyes Employer Payroll Tax Break

    Quote Originally Posted by xpiher View Post
    In other words, instead of jobs being destroyed, they are being created which has been my point.
    The economy needs to generate at least 125,000 jobs per month just to keep up with population growth. At least twice that many are needed to bring down the unemployment rate.
    New Jobless Claims 414,000 - Yahoo! Finance

    the white house bragging point, ie, the best it's got---2.1 million private sector jobs created---comes to a piddly 75000 per month

    which explains the wall to wall coverage of our "historically slow recovery"

    Job creation limps along after recession - USATODAY.com

    we've actually LOST net jobs since the passage of the stim

    1.9 Million Fewer Americans Have Jobs Today Than When Obama Signed Stimulus | CNSnews.com

    the white house promised that with the passage of that 862B boondoggle we'd be under 7% unemployment today

    Romer and Bernstein on stimulus - NYTimes.com

    when is the last time the slasher stumped on the stim

    Echo Chamber: The new S-word? - Alexander Trowbridge - POLITICO.com

    it is what it is

    Barack Obama's Stimulus Plan: Failing by Its Own Measure - TIME

    obama's chief economic adviser lawrence summers, who like orszag and romer and goolsbee QUIT, wrote a wapo op ed this week unambiguously warning of "little economic growth ahead unless new measures are enacted"

    Larry Summers: Boost the payroll tax cut - Jennifer Epstein - POLITICO.com

    the slasher's lugubrious legacy of loss

    party on, progressives
    Last edited by The Prof; 06-16-11 at 02:15 PM.

  4. #124
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    Re: Obama Team Eyes Employer Payroll Tax Break

    Quote Originally Posted by xpiher View Post
    Too bad they ****ed up by insisting on tax cuts and then balancing the tax cuts with medicare cuts. Tax simplification where loop holes are removed and the marginal rate is reduced should still result in more revenue because you no longer have a situation where some businesses don't pay any taxes.
    You don't have a situation where businesses don't pay taxes.

  5. #125
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    Re: Obama Team Eyes Employer Payroll Tax Break

    Quote Originally Posted by apdst View Post
    You don't have a situation where businesses don't pay taxes.
    GE didn't pay any taxes this year. Fail
    Hayek - too liberal for republicans

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    Re: Obama Team Eyes Employer Payroll Tax Break

    Quote Originally Posted by xpiher View Post
    GE didn't pay any taxes this year. Fail
    That was debunked.

    The truth about GE's tax bill - Fortune Features

    Welcome to the real world.

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    Re: Obama Team Eyes Employer Payroll Tax Break

    Quote Originally Posted by apdst View Post
    That was debunked.

    The truth about GE's tax bill - Fortune Features

    Welcome to the real world.
    From your source:

    "We expect to have a small U.S. income tax liability for 2010," GE chief spokesman Gary Sheffer told us. How big is small? GE declined to say. The number is unlikely to ever be disclosed unless GE goes public with it, or is forced to do so.
    In other words, it might pay little bit, but, more than likely, we'll never know how much it actually paid.
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    Re: Obama Team Eyes Employer Payroll Tax Break

    Quote Originally Posted by Ahlevah View Post
    From your source:



    In other words, it might pay little bit, but, more than likely, we'll never know how much it actually paid.
    Also from the article:

    Did GE pay U.S. income taxes in 2010? Yes, it paid estimated taxes for 2010, and also made payments for previous years. Think of it as your having paid withholding taxes on your salary in 2010, and sending the IRS a check on April 15, 2010, covering your balance owed for 2009.
    "A little bit", in terms of a multi-million dollar company is still a helluva lot of money. Either way, it appears that they did pay taxes. Yes?

    So, the whole, "corporations don't pay taxes", bull**** is just that...bull****. Agreed?

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    Re: Obama Team Eyes Employer Payroll Tax Break

    Quote Originally Posted by apdst View Post
    So, the whole, "corporations don't pay taxes", bull**** is just that...bull****. Agreed?
    When the nominal tax rate is 35% and the most companies pay what... 10% theres a problem.
    Hayek - too liberal for republicans

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    Re: Obama Team Eyes Employer Payroll Tax Break

    Quote Originally Posted by xpiher View Post
    When the nominal tax rate is 35% and the most companies pay what... 10% theres a problem.
    The low end rate is 15%. I think the problem is your knowledge of the facts.

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