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

azgreg said:
Whether he's right or not it makes him look petty. It makes it look like he's against it just because Obama said it not because of it's content. That makes him look weak.
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What is to look at, it's Obama's same old proposal but worse, what don't you get about it this time around. Obama = Tax and Spend. Tax corporation more to be able to spend more. You did not hear tax more to cut our deficit did you?
 
apdst said:
I!s just more government greed.

As if Obama's going to support a bill that means less taxes.
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Good evening, apdst. :2wave:

They claim there is $3 trillion dollars being held overseas. Using the amount that BHO has added to the debt in the past five years, and assuming they can somehow manage to confiscate all that money, not just the taxes they might be able to collect, that would only run the government about three years. Then what? :shrug:
 
AlabamaPaul said:
Actually Cyprus decided to tax funds held in its country by foreign companies...
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And I understand that Russia is still trying to make a deal, since most of the depositors were Russian, whose money is not now available to them. What a world we live in today, when governments greedy for money is involved! :eek:
 
polgara said:
And I understand that Russia is still trying to make a deal, since most of the depositors were Russian, whose money is not now available to them. What a world we live in today, when governments greedy for money is involved! :eek:
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One of the consequences of relinquishing monetary sovereignty to some central authority over which you, as a nation, have no control...
 
AlabamaPaul said:
The "money" you are worried about is disclosed on corporate balance sheets. Why do you think Apple decided to issue bonds to pay its dividend rather than using its cash? Because it was cheaper to do so than repatriating the cash...
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Ahhh....so corporations are in the habit of plainly disclosing offshore money laundering on corporate balance sheets and we can then tax that. It's so clear now. Nice ASSumption.
 
Ikari said:
Ahhh....so corporations are in the habit of plainly disclosing offshore money laundering on corporate balance sheets and we can then tax that. It's so clear now. Nice ASSumption.
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It's what the President is proposing. Read more; post less...
 
AlabamaPaul said:
It's what the President is proposing. Read more; post less...
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He can propose what he wants. What I want to know, oh guru of knowledge and wisdom, is exactly how we are going to tax money we do not know about held in offshore accounts in countries we have no jurisdiction over. Can you answer that?
 
sawdust said:
“So excuse us, Mr. President, for our lack of enthusiasm for your new jobs program. Here in Chattanooga we’re still reeling from your old one.” My favorite pull quote from Hotair.

People who talk about tax rates are wasting their time unless they include tax policy. Obama never gives enough detail in his proposals to analyze them. No one knows at this point what the impact of his new proposal is. I know at this point, what he's done with respect to taxes has hurt the economy, slowed the recovery, and discouraged employment.

As far as I'm concerned, any change to tax policy that doesn't scrap the entire system and start over isn't bold and doesn't go far enough to restore fairness and increase efficiency.
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I wondered why we weren't discussing the "job creation" part of his Grand Bargain. That affects more people than his attempt to tax offshore accounts. And why was this proposal made at an Amazon warehouse he was visiting, instead of Congress? It doesn't sound like he is too serious about this Grand Bargain! We shall see. :shrug:
 
Ikari said:
He can propose what he wants. What I want to know, oh guru of knowledge and wisdom, is exactly how we are going to tax money we do not know about held in offshore accounts in countries we have no jurisdiction over. Can you answer that?
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Do you believe corporations are understating their profits to shareholders? That wouldn't be in the best interest of multinationals...
 
AlabamaPaul said:
Do you believe corporations are understating their profits to shareholders? That wouldn't be in the best interest of multinationals...
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I don't think the shareholders get a say, it's all controlled by good ol' boys (and not Luke and Bo Duke) on the Board.
 
Obama and many in congress don't have any idea what job creation takes. They believe that job creation is a responsibility of business. The truth is that jobs are a necessary evil and one of the objects of business is to create as few as possible but meet demand. Government doesn't create jobs other than government jobs. Government doesn't care about supply and demand. They only care about creating larger budgets than the previous year.
 
Ikari said:
Ahhh, mega tax cuts for the super rich corporations. Standard fare
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So keeping more of what you make is also a problem for you? Why do you care how much a corporation makes or gets to keep out of that revenue? What is it about liberals that make them jealous of what others make or get to keep? You think that the Federal Govt. should be 3.77 trillion dollars on top of 50 sovereign states that provide many of the same services? Obama has supporters brainwashed
 
polgara said:
Good evening, apdst. :2wave:

They claim there is $3 trillion dollars being held overseas. Using the amount that BHO has added to the debt in the past five years, and assuming they can somehow manage to confiscate all that money, not just the taxes they might be able to collect, that would only run the government about three years. Then what? :shrug:
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Obama has proposed a 3.77 trillion dollar budget so if all the money was confiscated it wouldn't fund the govt. for a year.
 
Conservative said:
Obama has proposed a 3.77 trillion dollar budget so if all the money was confiscated it wouldn't fund the govt. for a year.
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Uh oh! And to think Senator Everett Dirksen was talking about billions, not trillions! :eek:
 
AlabamaPaul said:
Do you believe corporations are understating their profits to shareholders? That wouldn't be in the best interest of multinationals...
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It wouldn't make domestic shareholders too happy either, IMO! :wow:
 
polgara said:
Uh oh! And to think Senator Everett Dirksen was talking about billions, not trillions! :eek:
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Greetings, Conservative! :2wave: I neglected to post that.
 
polgara said:
Greetings, Conservative! :2wave: I neglected to post that.
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Aw, gee, it is nice to be welcomed here. Normally I am an Obama supporters worst nightmare. Great to see you too
 
Conservative said:
Aw, gee, it is nice to be welcomed here. Normally I am an Obama supporters worst nightmare. Great to see you too
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I see from your profile that you live in Texas. I recently returned from a 6-week stay with family in the Friendswood area. If I were not a conservative, I doubt they would have even let me stay one day! They are funny that way! :lamo:
 
Born Free said:
What is to look at, it's Obama's same old proposal but worse, what don't you get about it this time around. Obama = Tax and Spend. Tax corporation more to be able to spend more. You did not hear tax more to cut our deficit did you?
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If you actually read the thread you would know that my point had nothing to do with Obama's plan itself but rather that Boehner looks like a fool by coming right out deciding about it without reading it. If I'm not mistaken that's what righters are complaining about Pelosi and Obamacare.
 
polgara said:
I see from your profile that you live in Texas. I recently returned from a 6-week stay with family in the Friendswood area. If I were not a conservative, I doubt they would have even let me stay one day! They are funny that way! :lamo:
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Houston is about 50/50 these days and has a Democratic Lesbian Mayor who is very conservative fiscally. Houston is like most of TX booming adhering to conservative principles which drives those blue states crazy. It is liberal arrogance that will not allow their states to copy what TX is doing and that really is a shame.

I live 30 miles north of Houston and Friendswood is on the Southside closer to NASA. It was the best move I ever made when we moved to TX in 1992. Absolutely love it here
 
sawdust said:
Obama and many in congress don't have any idea what job creation takes. They believe that job creation is a responsibility of business. The truth is that jobs are a necessary evil and one of the objects of business is to create as few as possible but meet demand. Government doesn't create jobs other than government jobs. Government doesn't care about supply and demand. They only care about creating larger budgets than the previous year.
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And what libertarians tend not to grasp is that this is a ****ty way to operate. That society is about more than just profit margins. The ideal business environment is not the ideal living environment.
 
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Conservative said:
Of course I do, is that what Obama proposed, no strings attached? You think it is the government's role to "invest" in creating more jobs like Solyndra?
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Wait so it has to be a 100% win for you? No bipartisanship? And you wonder why **** never gets done huh?
 
apdst said:
This is a rate cut for the top bracket. It won't effect small business.
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*cough* *cough* what ever happened to claims of "class warfare" :lamo
 
TheDemSocialist said:
Wait so it has to be a 100% win for you? No bipartisanship? And you wonder why **** never gets done huh?
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That probably has to do with the fact that my education taught me the role of the Federal Govt. and then I had 35 years of actual real life business experience. Too bad you have been brainwashed by a failed ideology that doesn't understand the role of the govt. or how the private sector works.
 
Deuce said:
And what libertarians tend not to grasp is that this is a ****ty way to operate. That society is about more than just profit margins. The ideal business environment is not the ideal living environment.
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What you have to understand is that unlike the Federal government, businesses have to make a profit to survive. They have to pay for all of their costs by passing their costs to consumers. They have to be competitive in their marketplace and to do that, all waste has to be eliminated. Profit isn't a dirty word. It's a goal without which no benefits are possible. It's not a crappy way to operate. It's a necessary way to operate and all businesses that survive long term operate that way. Sometimes we need to understand that we don't live in utopia.
 
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