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Thread: Profits thrive in weak recovery

  1. #41
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    Re: Profits thrive in weak recovery

    so few these days appear able to see a move ahead, even when what's coming is the size of a planet

    certainly no one in this white house is capable of anticipating even the most obvious development, and these days even the msm's have their heads buried

    anyway, it's been obvious for months that another huge AX is about to fall on this stagnating economy---draconian CUTS at the state level

    payroll, primarily, but also bennies like unemployment and aid to dependent kids---when these spigots are cut off the downer on consumerism is gonna be intense

    the public sector is about to take by far the biggest hit of our lifetimes and it's gonna comprise a gigantic drag on job growth

    now that it's here, some are starting to see: State budgets are set to cause strain on the economy - Josh Boak - POLITICO.com

    party on, progressives

    seeya at the polls

  2. #42
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    Re: Profits thrive in weak recovery

    While also removing all loopholes, deductions, and subsidies...

  3. #43
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    Re: Profits thrive in weak recovery

    Quote Originally Posted by Gargantuan View Post
    While also removing all loopholes, deductions, and subsidies...
    Some of the people who write headlines don't seems all that concerned about the actual accuracy of the headlines. This leads to some interesting conclusions from/for people who don't read the whole thing critically and for people who don't bother to access the source materials that articles sometimes come from.
    I may be wrong.

  4. #44
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    Re: Profits thrive in weak recovery

    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

    it is what it is---"uncompetitive"

  5. #45
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    Re: Profits thrive in weak recovery

    Quote Originally Posted by apdst View Post
    Can you explain how raising taxes on companies is going to help anything?
    This, of course, is yet another example of you asking a different question and pretending this was your line of questioning all along when your argument is shut down.

    You do this often.

  6. #46
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    Re: Profits thrive in weak recovery

    Quote Originally Posted by The Prof View Post
    So he basically wants to raise it to 2 percent if he's saying it ends up at 23%. Once again you fail to read your own sources thoughtfully...

    obama - a racist

    proves THE SLASHER is a racist and wants to destroy america

    LOL!

    see ya at the polls, progressives

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    Re: Profits thrive in weak recovery

    Quote Originally Posted by Gargantuan View Post
    So he basically wants to raise it to 2 percent if he's saying it ends up at 23%
    YouTube - Twilight Zone intro

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    Re: Profits thrive in weak recovery

    Quote Originally Posted by The Prof View Post
    Prof, I love you.

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    Re: Profits thrive in weak recovery

    the current rate is uncompetitive.

    however, many of the current loopholes should be addressed / eliminated.

  10. #50
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    Re: Profits thrive in weak recovery

    Quote Originally Posted by Gargantuan View Post
    Is that the topic of this thread? No.
    Actaully, the topic of the thread is, "Profits thrive in weak recovery", and the solution that some of you see for that problem, is higher taxes.


    Do you think cutting taxes on businesses will help?
    No one's saying that taxes should be cut; only that taxes should be left as they are and a guarantee that they will stay that way, which will create confidence within the private sector.

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