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

  1. #191
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    Re: Obama to propose 'grand bargain' on corporate tax rate, infrastructure

    Quote Originally Posted by iguanaman View Post
    Actually you are wrong about the proposal. Obama would eliminate loopholes along with lowering rates so revenue would be increased for a few years. It is that extra revenue that he wants earmarked for infrastructure. Of course that is why Republicans are against it too.
    How is OMB scoring it?

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

    Quote Originally Posted by Henrin View Post
    Lol! That is obviously not what I meant.

    Anyway, they are effectively the worthless middleman doing a job anyone can do. Who the hell can't take money from people by force and then throw it at other people?
    Ok Who would have built the interstate highway system then? You have no understanding of the purpose of govt. at all.

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

    Quote Originally Posted by iguanaman View Post
    Ok Who would have built the interstate highway system then? You have no understanding of the purpose of govt. at all.
    The same people that did build the interstate highway system.

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

    It is a fee for overseas earnings brought back to the U.S. that will pay for he spending. It seems like a no-brainer to me. Let those hidden foreign earnings do some good here in America.

    To pay for the infrastructure investments and other spending, Obama proposed that companies be able to repatriate foreign earnings back to the U.S., subject to a one-time “transition fee.”
    Read more: Obama proposal would cut corporate taxes, boost spending - The Hill - covering Congress, Politics, Political Campaigns and Capitol Hill | TheHill.com
    Follow us: @thehill on Twitter | TheHill on Facebook

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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?
    Obama redux #157
    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 to propose 'grand bargain' on corporate tax rate, infrastructure

    Quote Originally Posted by Sisyphus View Post
    Yes; it's a supply-side bit of foolishness that seems to think we can pay for infrastructure (vital to business too) by lowering taxes business pay. So as a Democrat and an economics-realist, I'd have to ask why Obama is channeling Jack Kemp.

    The President need to stop sucking Geithners dick and listen to economists like Reich and Steiglitz, who Clinton listened too, even if only half the time.

    Spoken by someone who obviously has no concept of the line items in the budget and what your taxes fund. We don't need a 3.77 trillion dollar Federal Govt. with most of that money going to social programs. SS and Medicare along with the Payroll taxes that fund them should go off budget immediately. Excise taxes which come from gasoline purchases also need to come off budget and used for their direct purpose.

    Then shift all unemployment benefits, healthcare costs, and other social engineering programs back to the states where they belong. There would be plenty of money for the programs needed if the money was allocated properly and spent as required by the taxes established.

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

    Quote Originally Posted by Henrin View Post
    The same people that did build the interstate highway system.
    You mean the U.S. govt. of course, the project could not have been done without their money and direction.

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

    Quote Originally Posted by Henrin View Post
    Do you know what I do all day?
    you haunt these threads ... Do you do something else, kinda like President of the United States?

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

    Quote Originally Posted by Sisyphus View Post
    Do a PhD thesis on it and publish your own paper if you think it's wrong. Go hog wild.

    Meanwhile, it should be obvious why Dems spend less the Reps. For Dems it's political suicide, often. Next election the Rep opposition will say he's a spender and added trillions in debt -- and it'll stick. No one will question it since the visceral sense (wrong it seems) is Dems are tax and spenders.

    Meanwhile if a Dem hopeful say the Rep running for re-election spent Billions, he'll just say he had to because those scheming Dem spend-aholics forced him with riders that would have banned motherhood and apple pie if he did not vote Yay in contrast to every fiber of his being, and the GOP voter base will buy-in to it at "hello."

    In short, Dems are held accountable for spending increases. Reps do it with impunity.
    The paper you posted doesn't do that and if that is what you are holding up as an example of Democrats being better on spending, you are showing your true colors and fooling yourself.

    The problem with Democrats is they don't understand economic activity and growth which is your basic problem. Democrats don't spend less. Republicans controlled the Congress from 1994-2000 and you and others claimed Clinton had a balanced budget. Who actually cut those Clinton budgets and spending? Check out the deficits in years 2004-2006 vs. 2007-2009 and see who spent less.

    Dems and other liberals are never held accountable for spending because it is spending in the name of compassion and that just makes people like you feel good.

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

    Quote Originally Posted by Sisyphus View Post
    How is OMB scoring it?
    Meanwhile iguanaman, that was a bit glib. Obviously OMB has no scored it, or if it has, Obama ain't saying. The only number yet said, is $50 Billion on infrastructure.

    And here's the supply-side foolishness in it: lower corporate tax rate; lower still for manufacturing sector enterprises. Pure supply-side idiocy.

    Let's say you're Columbia Sportswear and buy in China, or the like. Will you raise your cost-to-produce, lowering your profit, merely to save some points on your taxes on profit? NO!! It would be idiotic.

    We are not competitive in unskilled manufacture. But we have companies who make products that can be manufactured here and be competitive, and will, since close-in manufacture has myriad efficiencies, not to mention stricter oversight and QC. Everyone who can make a buck manufacturing here is already here or will come here. Those who cannot will manufacture elsewhere, since the name of the game is more and not less profit. So these cuts are merely gifts in the form of more after-tax profit, at a time that profits are already at a record and companies are rife with retained earnings and cash-on-hand, which they have not and will not pay to employees they do not have to, nor hire employees they do not need, even if they can afford them. And they will not invest in an opportunity that is not there!!! It's just more money, which will be hoarded by a few, and not invested back into the economy by being spent.

    IT'S STUPID!!!!

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