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

  1. #241
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    Re: Obama to propose 'grand bargain' on corporate tax rate, infrastructure

    Quote Originally Posted by Sisyphus View Post
    No true. Obama pushed for a 2 year extension on Bush 43's temporary (had a sunset clause) tax cuts, and it merely was allowed to time-out, finally, and years too late, returning to Clinton tax rates.

    Don't be ridiculous.
    Yes true. In December Obama pushed for an extension of ONLY the middle class tax cuts. Which means tax rates went up on the rich. In addition Obamacare includes new taxes on specifically the wealthy. You cant really claim that he isnt constantly pushing for more taxes on the rich. Thats exactly what this grand bargain is about, more taxes from rich corporations.
    Last edited by jonny5; 08-01-13 at 09:34 AM.

  2. #242
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    Re: Obama to propose 'grand bargain' on corporate tax rate, infrastructure

    Quote Originally Posted by Napoleon View Post
    A grand bargain? For whom? The corporations? How 'bout we start by eliminating deductions and exemptions for the 66% of American corporations and 68% of foreign corporations which have no tax liability under the existing code.
    I assume that is what this proposition is all about.

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

    I say we eliminate all deductions for all businesses. And then lower the tax rate to 0. There is no point in taxing businesses as they just collect the tax from consumers. Skip the middle man.

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

    Simplify the tax code for business
    •End incentives to ship jobs overseas
    •Lower tax rates for businesses that create jobs in the U.S.
    •Lower tax rates for manufacturers
    •Cut taxes for small businesses

    Create good jobs
    •Put construction workers on the job rebuilding our infrastructure
    •Expand our network of high-tech manufacturing hubs
    •Strengthen job training at community colleges
    •Raise the minimum wage
    Heres the official plan from whitehouse.gov

    Notice that it leaves out any details including how it would eliminate deductions effectively increasing taxes, specifically on large corps. That its a rehash of his usual stimulus proposal is obvious. More roads, which create 0 permanent jobs, more solar funding, more wage controls for the less than 1% of people who even make mininum wage. If he wants to get something done he should try walking over to Congress and talking to them, not campaigning.

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