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Thread: Key republican bolts from debt ceiling talks

  1. #121
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    Re: Key republican bolts from debt ceiling talks

    Quote Originally Posted by Gargantuan View Post
    Unfortunately billions of dollars of waste is not the solution to this problem. Do you have a point that waste and stupid programs need to be cut? Sure. But the idea that they actually make up a big percentage of our deficit woes is laughable. Entitlements need to be seriously reformed. They are growing out of control and they are unsustainable in their current form. Cutting waste could be a big part of taking care of that problem, but it can't be the sole solution. I heard a democratic congresswoman talking on Elliot Spitzer's program a few weeks ago and she said that medicare can become solvent if you cut waste. Is she kidding? Even Spitzer said that's retarded.
    The very Idea we should have to pay more taxes while the waste, fraud and abuse goes on is laughable. Please campaign on THAT platform in Nov 2012, you'll get the same results you got in 2010.
    "Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence." - John Adams

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    Re: Key republican bolts from debt ceiling talks

    Quote Originally Posted by apdst View Post
    This year, me and my company made 40 grand in profit, after deductions. And, you want me to pay more?

    yeah! That's going to encourage small business growth.

    BTW, what was your tax bill for 2010?
    Did you only make 40k this year? Is that what you took home? If thats the case, your company is NOT PROFITABLE. Unless you aren't working for your own company.
    Hayek - too liberal for republicans

  3. #123
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    Re: Key republican bolts from debt ceiling talks

    Quote Originally Posted by xpiher View Post
    Did you only make 40k this year? Is that what you took home? If thats the case, your company is NOT PROFITABLE. Unless you aren't working for your own company.
    LOL. Are you and She-wolf one and the same? If he made 40K profit he is profitable. Now if he had lost 40K then Shewolf would argue he was profitable...Higher learning, dontcha know?

  4. #124
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    Re: Key republican bolts from debt ceiling talks

    Quote Originally Posted by Misterveritis View Post
    LOL. Are you and She-wolf one and the same? If he made 40K profit he is profitable. Now if he had lost 40K then Shewolf would argue he was profitable...Higher learning, dontcha know?
    Profit is the money left over after everything is paid, including salaries. If he works for his own company and all the money he makes is all the profit his company earns, and he only makes 40k/year, then his company is not profitable. It basically breaks even.

    If he does not work for his own company, instead has a manager who is paid salary, and after all is paid out 40k is left which he pockets, then his company is profitable.

    I'm trying to determine which one it is.
    Hayek - too liberal for republicans

  5. #125
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    Re: Key republican bolts from debt ceiling talks

    Quote Originally Posted by Gargantuan View Post
    Waste fraud and abuse is nothing in the long term. Medicare/medicaid/social security will dig us into a ditch no matter if we cut discretionary spending to 1%.
    You mean Obamacare will

  6. #126
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    Re: Key republican bolts from debt ceiling talks


  7. #127
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    Re: Key republican bolts from debt ceiling talks

    Quote Originally Posted by Bigfoot 88 View Post
    Tax increases don't cut loopholes and subsidies.

    Try again.
    Then the republicans should propose that

  8. #128
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    Re: Key republican bolts from debt ceiling talks

    Quote Originally Posted by liblady View Post
    right......the very corporations and individuals that no one wants to raise taxes on defraud medicare. ain't america grand?
    actually it's now a pretty major organized crime gig.


    there are ways to reduce it. but since it involves altering incentives, no one wants to do it.

  9. #129
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    Re: Key republican bolts from debt ceiling talks

    sunday:

    President Bill Clinton says the nation’s corporate tax rate is “uncompetitive” and called for a lower rate as part of a “mega-deal” to raise the debt ceiling.

    “When I was president, we raised the corporate income-tax rates on corporations that made over $10 million [a year],” the former president told the Aspen Ideas Festival on Saturday evening.

    “It made sense when I did it. It doesn’t make sense anymore — we’ve got an uncompetitive rate. We tax at 35 percent of income, although we only take about 23 percent. So we should cut the rate to 25 percent, or whatever’s competitive, and eliminate a lot of the deductions so that we still get a fair amount, and there’s not so much variance in what the corporations pay. But how can they do that by Aug. 2?”
    Bill Clinton calls for corporate tax cut - Mike Allen - POLITICO.com

  10. #130
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    Re: Key republican bolts from debt ceiling talks

    Quote Originally Posted by xpiher View Post
    Did you only make 40k this year? Is that what you took home? If thats the case, your company is NOT PROFITABLE. Unless you aren't working for your own company.
    This is a serious reading comprehension problem I think...

    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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