Ultimately, what sense does it make to tax a business on money that it re-invests? That's idiotic, to begin with.
this president is clueless
in other words, give him 5 minutes, he'll change his demands
his own lame duck passed the bush cuts for the rich, he had 59 senators and a house plurality of 78
the budget he published in february his own party rejected, 97 to 0
this debt ceiling deal---he wants the big one, he wants the small one, he wants to cut social security except he doesn't
tax all the millionaires and billionaires, ie, folks making 250k
but, no, most insistently---closing loopholes is NOT a tax
subsidies, what subsidies---spell em out, let's look at em
the depreciation of jet airplanes, 5 years or 7?
best selling authors?
but hey, we're no third world country, he'll veto any two-month, 3-month extension...
he leads from behind
just how much can you people take?
seeya in a week, he'll be talking like cuomo
I worked in the Kansas oil patch for a while, believe me, plenty of companies want the leases, especially on land where no drilling is being done.
Question: Does anyone here actually agree with the wars we're currently fighting? Talk about spending cuts, that'd save us a bunch of cash.
Truth of the matter here is that entitlements are sucking us dry and can't last forever, regardless of what X politician tells us (except for Ron Paul, just about). We have to cut eventually, as we're on an unsustainable path.
But yeah, raising taxes, I believe, would do pretty much nothing. Raising taxes takes away that much more money from individuals and businesses, making it more difficult to put back into the economy. 70,000+ pages in tax code don't help, either.
My Principles - Please read them to understand my perspective and get an idea of what I truly believe, not just politically, but philosophically.
talking like andrew cuomo:
"we have the worst business tax climate in the nation, period, our taxes are 66% higher than the national average"
"the costs of pensions are exploding... a 476% increase and its only getting worse"
"the state of new york spends too much money, it is that blunt and it is that simple"
"an unsustainable rate of growth and it has been for a long time"
"not only do we spend too much, but we get too little in return"
"the large government we have is all too often responsive to the special interests over the people"
"new yorkers are voting with their feet, two million new yorkers have left the state over the past decade"
"what does this say, it says we need radical reform, it says we need a new approach, we need a new perspective and we need it now"
"this is a fundamental realignment for the state"
"the old way wasn't working anyway, let's be honest"
"we want a government that puts the people first and not the special interests first"
"what made new york the empire state was a not a large government complex, it was a vibrant private sector that was creating great jobs"
"and that's what's going to make us the empire state again"
"at the heart of this state is business"
"we have to relearn the lesson our founders knew and we have to put up a sign that says new york is open for business, we get it, and this is going to be a business friendly state"
"we are going to have to confront the tax situation in our state, property taxes in this state are killing new yorkers, thirteen of the sixteen highest tax counties are in new york when assessed by home value"
"westchester county has the highest property taxes in the united states, nassau county has the second highest"
"it has to end, it has to end this year"
"we have to hold the line on taxes for now and reduce taxes in the future, new york has no future as the tax capital of the nation, our young people will not stay, our business will not come"
"put it simply, the people of this state simply cannot afford to pay any more taxes, period"
"we have to start with an emergency financial plan to stabilize our finances, we need to hold the line and we need to institute a wage freeze in the state of new york, we need to hold the line on taxes, we need a state spending cap and we need to close this $10 billion gap without any borrowing"
GOVERNOR ANDREW M. CUOMO STATE OF THE STATE ADDRESS | Governor Andrew M. Cuomo
in politics, we call that THE LAY OF THE LAND
in this case---NEW YORK