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Thread: Obama Team Eyes Employer Payroll Tax Break

  1. #31
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    Re: Obama Team Eyes Employer Payroll Tax Break

    then it's effect would be exceedingly limited - why would you permanently hire a person you can only afford for a short period of time?

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    Re: Obama Team Eyes Employer Payroll Tax Break

    Quote Originally Posted by disneydude View Post
    I don't like this idea of corporate welfare at all.
    The government isn't giving people money. The government is letting people keep more of their own money.




    The idea of giving money to private businesses with the hope that they will turn around and hire people in exchange is just a variation on the gop's failed policy of trickle down... It failed under Reagan and Obama shouldn't fall for it either
    You don't fully undersand, "trickle down economics".

    Let me use myself as an example: I'm in the trucking business. If I have more capital, I can perform maintanance and make equipment upgrades, that I've been putting off, because of the uncertainty in the industry. When I spend that money, it goes into someone else's pocket: tire repairman, mechanic, parts store, etc.

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    Re: Obama Team Eyes Employer Payroll Tax Break

    Quote Originally Posted by donsutherland1 View Post
    I don't disagree that it would have a positive impact for companies. It would increase their cashflow. Some might invest that additional cash in capital purchases. A very small number might hire. However, as the tax break would be temporary, that factor would also inhibit its impact on hiring. In sum, the idea is being framed as a means for increasing hiring. Nevertheless, the impact would likely be quite marginal with respect to hiring.
    Tax cuts for the private sector will be good for the economy. We've seen what happens when the president promises to allow private sector income taxes go up.

  4. #34
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    Re: Obama Team Eyes Employer Payroll Tax Break

    Quote Originally Posted by Eighty Deuce View Post
    What Obama is proposing is not "trickle down". Its just a cosmetic BS gesture. Trickle-down worked marvelously under Reagan. Real trickle-down goes to increasing demand and lowering the cost of supply. Obama's idea of tax breaks is redistribution. Doesn't work. We got proof all around us.

    Obama couldn't shine Reagan's shoes. Or mine.
    Trickle down worked under Reagan? Hardly. Trickle down economics is just a Republican ploy that keeps failing...but for some strange reason Republicans keep wanting to try it. Obama is showing that he is just another moderate politician...trying to play to the middle.
    <font size=5><b>Its been several weeks since the Vegas shooting.  Its it still "Too Early" or can we start having the conversation about finally doing something about these mass shootings???​</b></font>

  5. #35
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    Re: Obama Team Eyes Employer Payroll Tax Break

    Quote Originally Posted by apdst View Post
    The government isn't giving people money. The government is letting people keep more of their own money.





    You don't fully undersand, "trickle down economics".

    Let me use myself as an example: I'm in the trucking business. If I have more capital, I can perform maintanance and make equipment upgrades, that I've been putting off, because of the uncertainty in the industry. When I spend that money, it goes into someone else's pocket: tire repairman, mechanic, parts store, etc.
    That's how trickle down is "supposed" to work....but rarely does. The reality is....the idea of giving money to corporations so that they will turn around and hire more workers never works....because Americans are inherently stingy. When you give them more money....they pocket it and keep it for themselves....they don't trickle down the way that the failed policy envisions.
    <font size=5><b>Its been several weeks since the Vegas shooting.  Its it still "Too Early" or can we start having the conversation about finally doing something about these mass shootings???​</b></font>

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    Re: Obama Team Eyes Employer Payroll Tax Break

    Proper "stimulus" is putting money directly into people's hands that are likely to quickly spend it, and not pay back debts. No one is in that position right now.

    Quote Originally Posted by disneydude View Post
    That's how trickle down is "supposed" to work....but rarely does. The reality is....the idea of giving money to corporations so that they will turn around and hire more workers never works....because Americans are inherently stingy. When you give them more money....they pocket it and keep it for themselves....they don't trickle down the way that the failed policy envisions.
    Trickle down economics would work is people were inherently altruistic, but America largely destroyed its natural altruism over the last 60years. On top of this, technological innovations has made the demand for most goods require less labor, which means that rich guys who "keep more of his money" that goes out an buys a private jet doesn't necessarily lead to more people getting hired to build it.
    Last edited by xpiher; 06-11-11 at 01:39 AM. Reason: reply

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    Re: Obama Team Eyes Employer Payroll Tax Break

    ....because Americans are inherently stingy
    Im sorry...is that bigotry? Cause it walks like a duck and quacks like a duck.
    Lamest argument Ive heard in a while.

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    Re: Obama Team Eyes Employer Payroll Tax Break

    Quote Originally Posted by OpportunityCost View Post
    Im sorry...is that bigotry? Cause it walks like a duck and quacks like a duck.
    Lamest argument Ive heard in a while.
    Is the evil maximum now at the heart of our economic eco-system now or not?

  9. #39
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    Re: Obama Team Eyes Employer Payroll Tax Break

    Quote Originally Posted by disneydude View Post
    That's how trickle down is "supposed" to work....but rarely does. The reality is....the idea of giving money to corporations so that they will turn around and hire more workers never works....because Americans are inherently stingy. When you give them more money....they pocket it and keep it for themselves....they don't trickle down the way that the failed policy envisions.
    That's because you think that the only corporations that spend money are the multi-million dollar corporations and have zero perception of how how many small businesses exist in this country.

    You harp about Republican economic failures; how has O'Bama's economic strategy worked out, so far? Money isn't trickling down very fast, is it? Wanna know why?

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    Re: Obama Team Eyes Employer Payroll Tax Break

    Quote Originally Posted by xpiher View Post
    Proper "stimulus" is putting money directly into people's hands that are likely to quickly spend it, and not pay back debts. No one is in that position right now.



    Trickle down economics would work is people were inherently altruistic, but America largely destroyed its natural altruism over the last 60years. On top of this, technological innovations has made the demand for most goods require less labor, which means that rich guys who "keep more of his money" that goes out an buys a private jet doesn't necessarily lead to more people getting hired to build it.
    Government entitlements have destroyed American altruism. How can I give money to charity, when I don't know how the government is going to **** up the economy, next?

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