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Thread: Obama to propose 'grand bargain' on corporate tax rate, infrastructure

  1. #11
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    Re: Obama to propose 'grand bargain' on corporate tax rate, infrastructure

    Quote Originally Posted by Dittohead not! View Post
    It was proposed by a Democrat. That's the only detail that really matters to the Republican leadership.
    Oh, I know. It's a style of legislation that is becoming more and more disheartening every day.
    I have CDO, it's like OCD but the letters are in alphabetical order like they should be.

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    Re: Obama to propose 'grand bargain' on corporate tax rate, infrastructure

    Quote Originally Posted by TheDemSocialist View Post
    Uhh... How in the hell is this a "tax increase". This is a huge tax cut for the corporate shrills, the right should be loudly supporting this.
    Even without details, you can see this for the shell game it really is.

    Here are the components briefly outlined above:

    1. Reduce corporate tax rates - theoretically lowering business tax burdens.

    2. Overhaul business tax code - i.e. reduce and eliminate loopholes, subsidies, write-offs, whatever other tax tools businesses normally use to reduce their tax load - theoretically increasing business tax burdens.

    3. Use $billions in newly generated business tax revenue to create government funded jobs.

    In order to get from 1 and 2 all the way to 3, it is only logical that the net effect of 2 minus 1 must be $billions in new business revenue or there's nothing to fund 3 unless, of course, you go to the Bank of Obama and just print $billions more.
    "Liberals claim to want to give a hearing to other views, but then are shocked and offended to discover that there are other views." William F. Buckley Jr.

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    Re: Obama to propose 'grand bargain' on corporate tax rate, infrastructure

    Quote Originally Posted by CanadaJohn View Post
    He could, but then knowing the history of Obama ideas on the economy, he's just going to be bitching anyway. And when was the last time an Obama initiated plan actually had details?
    I know what you are saying, it's just that it makes him look petty bitching right of the bat without knowing any details.

    Or are you suggesting the Pelosi method of governance, just pass the damn thing and maybe read it when your on one of your congressional breaks?
    Absolutely not! I suggested no such thing.
    I have CDO, it's like OCD but the letters are in alphabetical order like they should be.

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    Re: Obama to propose 'grand bargain' on corporate tax rate, infrastructure

    Quote Originally Posted by CanadaJohn View Post
    He could, but then knowing the history of Obama ideas on the economy, he's just going to be bitching anyway. And when was the last time an Obama initiated plan actually had details? Or are you suggesting the Pelosi method of governance, just pass the damn thing and maybe read it when you're on one of your congressional breaks?
    That's a tough one, but I'll take number two, Alex!

    Greetings, CJ!

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    Re: Obama to propose 'grand bargain' on corporate tax rate, infrastructure

    Quote Originally Posted by polgara View Post
    That's a tough one, but I'll take number two, Alex!

    Greetings, CJ!
    Good afternoon Lady P - hope all is well with you and you're back to full-run mode now.
    "Liberals claim to want to give a hearing to other views, but then are shocked and offended to discover that there are other views." William F. Buckley Jr.

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    Re: Obama to propose 'grand bargain' on corporate tax rate, infrastructure

    Obama's problem is that he doesn't believe in capitalism. He believes in crony capitalism, just like every banana republic dictator in South and Central America. He doesn't believe in free markets, he believes in central planning. He doesn't like the fundamentals of free enterprise. His presidency will be recorded in history as 8 wasted years where the crowning achievement is an unpopular and unworkable healthcare system that will end medical advancement and decrease the quality of care available in America. We have met the enemy and they are us as we elected this clown twice. His policies aren't aimed at eliminating poverty in America, they are aimed at making it comfortable at the expense of producers in the economy.

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    Re: Obama to propose 'grand bargain' on corporate tax rate, infrastructure

    The United States has completely lost control of its means of producing infastructure projects. The unions have made the cost outlandish and stupid. Case in point the $1.5 billion wasted by the VA on hospitals and the one in Colorado 8 years behind schedule; the 3 billion over run of costs on the CA bay bridge, the lies told to us in CA about the high speed rail costs (somewhere between $60/200 billion) like that's an acceptable answer. Until they reign in these unions infastructure projects are a waste of tax payer money and should be shelved until those who want to do the work will do so for a reasonable rate.

    I met a paramedic on standby for those working on the bay bridge making $82.50 per hour sitting around doing nothing. People on that project making $275 an hour. This is a ridiculous waste of tax payer funds.

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    Re: Obama to propose 'grand bargain' on corporate tax rate, infrastructure

    Quote Originally Posted by CanadaJohn View Post
    Good afternoon Lady P - hope all is well with you and you're back to full-run mode now.
    Yep!

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    Re: Obama to propose 'grand bargain' on corporate tax rate, infrastructure

    Quote Originally Posted by sawdust View Post
    Obama's problem is that he doesn't believe in capitalism. He believes in crony capitalism, just like every banana republic dictator in South and Central America. He doesn't believe in free markets, he believes in central planning. He doesn't like the fundamentals of free enterprise. His presidency will be recorded in history as 8 wasted years where the crowning achievement is an unpopular and unworkable healthcare system that will end medical advancement and decrease the quality of care available in America. We have met the enemy and they are us as we elected this clown twice. His policies aren't aimed at eliminating poverty in America, they are aimed at making it comfortable at the expense of producers in the economy.
    Welcome to DP - I haven't seen your other 4 posts, but this one sure sums things up suscinctly. Well done.
    "Liberals claim to want to give a hearing to other views, but then are shocked and offended to discover that there are other views." William F. Buckley Jr.

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    Re: Obama to propose 'grand bargain' on corporate tax rate, infrastructure

    Quote Originally Posted by azgreg View Post
    Obama to propose 'grand bargain' on corporate tax rate, infrastructure | Reuters




    He can at least wait for the plan details before he bitches can't he?
    He could, yes. But he may, I know this is stretch, also understand that Obama is not going to propose anything that will make a substantial change.

    Tax rates are just one part of the whole. In the end, if the cost of doing manufacturing and other jobs cost more in the US than elsewhere, even after lower tax rates, then it will not have a huge impact. If the cost of an American made product still is significantly higher than the foreign one, then companies will stay overseas because the higher cost alone will decrease their sales and thus profits.

    To make a significant impact, Obama would also have to address labor costs, EPA, OSHA, regulation, and other factors. Addressing just tax rates won't change much at all. Do you really see Obama or any Demo going against labor, environmentalist and decreasing government involvement? I don't.
    Only a fool measures equality by results and not opportunities.

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