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Thread: GE moving X-ray business to China

  1. #261
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    Re: GE moving X-ray business to China

    Quote Originally Posted by Boo Radley View Post
    Agan, competitng with countries that have real low wages and UHC. I think I see a pattern, and it really isn't all about taxes.
    No, it's not all about taxes but it is indeed about taxes.

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    Re: GE moving X-ray business to China

    Quote Originally Posted by apdst View Post
    You're another one of the folks on the Left that thinks that raising business taxes only applies to large corporations and forget about the small businesses that will be hit, too. But hey, that's what the big corporations want you think, it means less competition for them.
    I never believed that. I beleive that small and I say SMALL, not multi-trillion dollar corps and oil companies should pay their share.
    It is better to die on your feet than to live on your knees.
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    Re: GE moving X-ray business to China

    Quote Originally Posted by TBone View Post
    I never believed that. I beleive that small and I say SMALL, not multi-trillion dollar corps and oil companies should pay their share.
    They already do. Lowering their bottom line even farther, when accounts receivable are down, with the potential going lower, is just bad business.

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    Re: GE moving X-ray business to China

    Quote Originally Posted by AdamT View Post
    Dare I ask what you mean by GDP growth not "keep up with population"?
    Economic growth

    unbelievable

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    Re: GE moving X-ray business to China

    Quote Originally Posted by TBone View Post
    I never believed that. I beleive that small and I say SMALL, not multi-trillion dollar corps and oil companies should pay their share.
    what a feel good slogan, "pay their share". What does that mean?

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    Re: GE moving X-ray business to China

    Quote Originally Posted by Helix View Post
    the GDP sucks because wages have stagnated, many are out of work, and energy prices have soared. on top of that, the printing of money has forced the value of existing dollars down.

    all in all, the imported energy / outsourced labor model has failed. our GDP is fueled by consumer spending. consumers without jobs or disposable income don't purchase as many discretionary goods and services.

    we need to hire people in the US. that's the only way out of this. anything else is a bandaid that won't stick. if we have to pay more for retail goods, that's better than paying a lot more in taxes and entitlements.
    with all due respect, absent links your words distinguish themselves not from millions of others

    today: Boston Scientific to lay off 1,200-plus - Boston.com

    boston scientific announced it's moving a thousand jobs to china

    the medical device maker, subject to new obamacare taxes, "has been under intense regulatory scrutiny in recent years because of defects in a pair of its best-selling cardiac products," a stent and an implantable defibrillator

    fyi

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    Re: GE moving X-ray business to China

    you believe that the jobs are moving to China mostly because of new taxes and not because of the Chinese model of extremely low wages, minimal worker protection, and almost no pollution controls?

    if so, i believe that you are incorrect.

    i should clarify my position, also. i'm not for soaking corporations with new taxes. i'm for a competitive rate; possibly two tiered : one low rate for those corporations which hire a large percentage of their workforce here in the states, and a second rate for those who outsource / re-import. and i would close some loopholes at the same time.

    but i would not support a return to the Sinclairian state of Chinese factories in order to remain competitive.

    still, you'll either be paying workers to work, or you'll be paying them to not work. if you like cheap goods, high taxes, and entitlements, that's a legitimate position. i prefer goods that are a little more expensive in order to have near full employment. however, claiming that Chinese made goods are cheap is incorrect. they are quite expensive; the cost is societal. we all pay more to support displaced workers, and this cost will grow with the population.

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    Re: GE moving X-ray business to China

    I posted this thread and as i read through it...there are two things glaringly clear....TAX CUTS and LESS REGULATION has nothing to do with JOB CREATION and the second and probably more important...is that the teaparty GREEDSTERS refuse to be honest enough to admit that....but thats ok normal americans know tax cuts just put lots more cash in already overfilled pockets of those that took it off everyone that has alot less....

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    Re: GE moving X-ray business to China

    Quote Originally Posted by washunut View Post
    what a feel good slogan, "pay their share". What does that mean?
    fair question. I have to pay 33% of my income on taxes, I could lie and pay less, Corporations don't pay that. Don't count SSI or medicare, etc. those are operating costs of a labor force. I am talking profits. Stop giving them infrastructure. I build a house in Phoenix I have to pay an extra amount for infrastructure. 10K (guess) but I have to pay for it.

    Oil companies pay less than their share. Taken from the Washington Post, from an article titled: How much do oil companies really pay in taxes? - The Washington Post

    Just how much do big oil companies pay in taxes?

    Exxon Mobil says it pays plenty — more in U.S. taxes than it earned in the United States last year.

    How much do oil companies really pay in taxes?

    It all depends on how you count.

    Exxon Mobil counts everything — not just federal income taxes, but also local property taxes, state taxes, gasoline taxes and payroll taxes. The Center for American Progress (CAP) and other analysts count only the company’s federal corporate income taxes.

    “We pay our fair share of taxes,” said Kenneth Cohen, Exxon Mobil’s vice president for public affairs, who in a conference call recently lumped more than $6 of sales, state and local taxes together with every $1 of federal income tax paid in 2010.

    But Exxon Mobil’s tax rate is “lower than the average American’s,” Daniel Weiss, an energy expert at CAP, countered in an analysis that put the company’s U.S. federal income tax rate in 2010 at just 17.2 percent.

    The tax debate may turn into the most combustible issue when top executives from five oil giants appear before a congressional committee on Thursday.

    Most congressional Democrats and the Obama administration want to end or limit tax benefits — or tax breaks — for oil companies.

    The provisions targeted include the industry’s use of a tax break that since 2004 has trimmed the corporate tax rate for manufacturers; oil-depletion allowances that all but the biggest firms use to recover drilling costs, sometimes more than 100 percent of those costs; and the expensing of “intangible” drilling costs at a rate higher than that used by most non-oil companies to recover investment costs.
    Last edited by TBone; 07-30-11 at 02:32 PM.
    It is better to die on your feet than to live on your knees.
    Emiliano Zapata


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    Re: GE moving X-ray business to China

    Quote Originally Posted by TBone View Post
    fair question. I have to pay 33% of my income on taxes, I could lie and pay less, Corporations don't pay that. Don't count SSI or medicare, etc. those are operating costs of a labor force. I am talking profits. Stop giving them infrastructure. I build a house in Phoenix I have to pay an extra amount for infrastructure. 10K (guess) but I have to pay for it.

    Oil companies pay less than their share. Taken from the Washington Post, from an article titled:
    Do you think we will ever see an administration that actually believes they should pay more? Not just say they should, actually make them?

    Then, do you understand that it won't be the oil companies paying more, it will be you?

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