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Thread: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    Quote Originally Posted by j-mac View Post
    Define corporate welfare....If you can Greenie.

    j-mac
    When federal, state, and local governments use direct and indirect tax breaks or subsidies to strengthen the balance sheets of various corporations and their interests.

    What is your point?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    Quote Originally Posted by j-mac View Post
    Define corporate welfare....If you can Greenie.

    j-mac
    Just thought I'd help:

    corporate welfare
    n.
    Financial aid, such as a subsidy or tax break, provided by a government to corporations or other businesses, especially when viewed as wasteful or unjust: "critics who say that letting big companies raise private stock on public land amounts to corporate welfare" (Frank Clifford).

    corporate welfare - definition of corporate welfare by the Free Online Dictionary, Thesaurus and Encyclopedia.

    Corporate welfare should be carefully defined as any government spending program that provides unique benefits or advantages to specific companies or industries. That includes programs that provide direct grants to businesses, programs that provide research and other services for industries, and programs that provide subsidized loans or insurance to companies.

    Cato Handbook for Congress: Corporate Welfare

    corporate welfare Definition: Government's financial support for big business, usually in the form of bounties, subsidies, or tax breaks.

    What is corporate welfare? definition and meaning

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    Quote Originally Posted by j-mac View Post
    Define corporate welfare....If you can Greenie.

    j-mac
    Corporate Welfare takes many different forms, such as public subsidies to private corporations. Basically it is taking public money and giving it to private businesses, e.g., giving into corporation extortion by cutting tax rates to prevent a corporation from leaving the state or enticing a corporation to leave one state for another....rates that other businesses who play fairly do not receive.

    It also includes things such as giving corporations free public land to build on or forgoing standard tax rates.
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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    Quote Originally Posted by Boo Radley View Post
    Just thought I'd help:

    corporate welfare
    n.
    Financial aid, such as a subsidy or tax break, provided by a government to corporations or other businesses, especially when viewed as wasteful or unjust: "critics who say that letting big companies raise private stock on public land amounts to corporate welfare" (Frank Clifford).
    Especially but not limited to.........Is this not exactly what Obama is proposing we do?

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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    So corporate welfare according to the libs in the know here all defer to some dictionary definition. But fail to explain how it is that only some corporations should have their plug pulled on this, while others get to suckle massively, go bankrupt, and everyone ignores that.

    How is that fair? How is that America?

    j-mac
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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    Quote Originally Posted by j-mac View Post
    Oh, I was just trying to take it to its logical conclusion, considering the level of obvious disdain, and disgust you have for private business in the past...



    See, I think you have to define what you are calling 'subsidies'. Past discussions about oil companies and 'subsidies' have included eliminating deductions in depreciating equipment like any other business. So tell us dude, what are YOU speaking of when you talk of eliminating these so called subsidies?

    j-mac
    I'm guessing he's referring to the depletion allowance, which allows oil and gas producers deduct the value of oil and gas they have produced and sold from their tax bill. They sell the product, profit, and then they get to write off a depreciation for no longer having the product to sell. This would be one GIANT example of tax advantages given only to mineral production companies.
    "A witty saying proves nothing." Voltaire

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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    Quote Originally Posted by j-mac View Post
    So corporate welfare according to the libs in the know here all defer to some dictionary definition. But fail to explain how it is that only some corporations should have their plug pulled on this, while others get to suckle massively, go bankrupt, and everyone ignores that.

    How is that fair? How is that America?

    j-mac
    I'm not sure there is any real argument for only some. Oil companies have been singled out in legislation because they recieve so much. Largely our leaders have been slow to rain this welfare program in, and there are far too many voters who ignroe the drain our our tax dollars by these give away programs. But many here and many of what you have been given as links argue to cut all of it, across the board.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    Quote Originally Posted by Boo Radley View Post
    I'm not sure there is any real argument for only some. Oil companies have been singled out in legislation because they recieve so much. Largely our leaders have been slow to rain this welfare program in, and there are far too many voters who ignroe the drain our our tax dollars by these give away programs. But many here and many of what you have been given as links argue to cut all of it, across the board.
    Hey, If you are going to cut something out, make the case, and make damned sure it is for all, across the board...Don't tell me how Solyndra should recieve my money, but Exxon shouldn't.

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

    Alexis de Tocqueville

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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    Quote Originally Posted by Goldenboy219 View Post
    Socialism is achieved when property rights are redefined giving workers (labor) complete control of the means of production. Neither I, Krugman, nor the President support such a notion, so kindly refrain from misusing the term socialism, if for nothing other than your own sake.



    No. The entire U.S. financial system could have been nationalized without increasing government spending. The President rejected such notions.



    The use of the word is a simple misrepresentation aimed at destroying credibility in a fallacious manner.



    Fallacy. I have not seen anyone claim that tax hikes will put 25 million plus unemployed back to work. Care to provide a source, or retract your statement as it is a fallacy.



    Consumers have had 10 years of low taxes, and it has equated to how many new jobs? If low taxes were the end all solution to our economic woes, we would not be in this trouble in the first place
    Goldenboy, I appreciate that is what you believe but the actions of both say differently. Krugman wants massive govt spending of taxpayers dollars and thus greater control of the govt. over that spending. Obama by his actions wants to redistribute income. No one is going to state they want socialism and will always react like you are reacting now but incrementalism will lead us that way.

    As for the 25 million unemployed and underemployed, that is reality today and my question is HOW DOES RAISING TAXES ON ANYONE PUT THOSE PEOPLE BACK TO WORK. I am raising that question and you are refusing to answer it.

    I stand by my statement and the actions of our community organizer President speak volumes as to his goals, class warfare, massive expansion of the govt, redistribution of wealth, and control of the production by tax incentives with strings.

    Consumers deserve to keep their money rather than waste it sending it to the govt. that created the 14.6 trillion dollar debt. Those tax cuts have been reduced in value by the costs of the Obama Administration in the form of regulations, potential tax increases, Obamacare, and strings attached to those tax cuts. The tax cuts for small business are offset by the tax increases and regulations from Obama.

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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    Quote Originally Posted by j-mac View Post
    So corporate welfare according to the libs in the know here all defer to some dictionary definition. But fail to explain how it is that only some corporations should have their plug pulled on this, while others get to suckle massively, go bankrupt, and everyone ignores that.

    How is that fair? How is that America?

    j-mac
    you have a problem with the dictionary definition? you still havent answered the question yet...why the outrage against one but not the other?

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