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Thread: GOP blocks bill that would curb tax breaks for firms moving operations overseas

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    Re: GOP blocks bill that would curb tax breaks for firms moving operations overseas

    Quote Originally Posted by Mycroft View Post
    Quoting snippets of my posts...out of context...only serves to demean yourself.

    You are dismissed.
    Completely in context. You should understand words if you are going to write them for all to see.
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    Re: GOP blocks bill that would curb tax breaks for firms moving operations overseas

    Quote Originally Posted by Conservative View Post
    No, I want Obama/Biden fired and incentive given to companies to stay in this country, not a massive welfare socialist state like Europe.
    So you *do* want to end the tax breaks companies get for moving jobs overseas!! Very good. That was half the bill, and you support that half

    The other half was tax breaks for companies that bring jobs back to the US. You support that too.

    So remind me why you're whining about this bill?
    Last edited by sangha; 08-03-14 at 12:07 AM.
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    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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    Re: GOP blocks bill that would curb tax breaks for firms moving operations overseas

    Quote Originally Posted by sangha View Post
    So you *do* want to end the tax breaks companies get for moving jobs overseas!! Very good. That was half the bill, and you support that half

    The other half was tax breaks for companies that bring jobs back to the US. You support that too.

    So remind me why you're whining about this bill?
    I can see why you support the bill, additional tax revenue to the Federal govt. which I guess you believe is good for the country and supports the 3.9 trillion dollar budget Obama wants. Like all liberals you want to punish businesses for there would be no reason whatsoever to move out of this country if the taxes on corporations were addressed. You believe that businesses want to leave this country? Doesn't appear that you really understand the purpose of business nor the reality that big businesses supports supplements to income for many seniors and probably your retirement account. Maybe one of these days you will understand it.

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    Re: GOP blocks bill that would curb tax breaks for firms moving operations overseas

    Quote Originally Posted by Conservative View Post
    I can see why you support the bill, additional tax revenue to the Federal govt. which I guess you believe is good for the country and supports the 3.9 trillion dollar budget Obama wants. Like all liberals you want to punish businesses for there would be no reason whatsoever to move out of this country if the taxes on corporations were addressed. You believe that businesses want to leave this country? Doesn't appear that you really understand the purpose of business nor the reality that big businesses supports supplements to income for many seniors and probably your retirement account. Maybe one of these days you will understand it.
    The bill reduces tax revenue
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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    Re: GOP blocks bill that would curb tax breaks for firms moving operations overseas

    Quote Originally Posted by Conservative
    I can see why you support the bill, additional tax revenue to the Federal govt. which I guess you believe is good for the country and supports the 3.9 trillion dollar budget Obama wants. Like all liberals you want to punish businesses for there would be no reason whatsoever to move out of this country if the taxes on corporations were addressed. You believe that businesses want to leave this country? Doesn't appear that you really understand the purpose of business nor the reality that big businesses supports supplements to income for many seniors and probably your retirement account. Maybe one of these days you will understand it.
    Quote Originally Posted by sangha View Post
    The bill reduces tax revenue
    ... You have to wonder if he actually read the bill. Sometimes you have to put hyper-partisanship aside and at least try to understand what the proposed legislation is trying to do. If you go back and read the referenced laws, i.e., US Tax Code, you'll find that the tax credits - those "incentives" for corporations to bring jobs back to the U.S. - would be paid for by reducing the tax deductions these same corporations are currently receiving to keep company operations overseas.

    To that, it's interesting that Conservative would dare claim that liberals want corporations to outsource jobs when outsourcing really took off in earnest under a Republican Administration -GW Bush. But truth be told, outsourcing (and it's cousin "off-shoring") has been going on in this country since the late 70's with many of the "incentives" (tax credits = taxpayer dollars) being given by Republicans. And that's what drives me crazy about comments made by posters like Conservative. To folks like him, the "blank check" that comes from "stealing from the rich" and raises the federal deficit always comes from Democrats, but they completely ignore the "corporate welfare" that tends to come from Republicans where the "incentives" are rarely ever paid for except on the backs of the working class. At least in this proposed bill, the tax credits would come from lowering the very tax deductions corporations currently receive from outsourcing jobs. That in no way takes money out of the pockets of so-called "wealth builders". It simply lowers the amount of money from their earnings they can deduct from their taxable liability. That's it!

    Clearly, what Conservative wants is for the corporate tax rate to be decreased under this proposal (sangha, you may have hit upon something here) while also giving these very corporations tax credits, too. I ask, "Who's really working hard to raise the federal deficit here?"

    Below are links to some light reading on outsourcing/off-shoring and the impact both have had on the American economy. I've found each to be interesting reading whether you support the process or not.

    5 Facts About Overseas Outsourcing | Center for American Progress

    The Offshore Outsourcing of American Jobs: A Greater Threat Than Terrorism | Global Research

    http://www.economist.com/media/globa...ution_e_02.pdf

    A Brief History of Outsourcing - SCM | Supply Chain Resource Cooperative (SCRC) | North Carolina State University

    I think what people really need to start asking themselves is, "What types of jobs would actually start coming back to the U.S. under this proposed bill?, rather than "What's the dollar cost to the American taxpayer". Again, there is a difference between "outsourcing" and "off-shoring", and the types of jobs that are ultimately outsourced are significant not only to cost-savings to a major corporation but also the net economic growth to the U.S. economy.

    Also, for those who want to watch the Senate debate on the proposed bill on outsourcing, you can view it here from C-SPAN.org. You'll have to be extremely patient, however. The Senate session covers several other issues including much debate on the VA and the current immigration problem.
    Last edited by Objective Voice; 08-03-14 at 02:01 PM.
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    Re: GOP blocks bill that would curb tax breaks for firms moving operations overseas

    Quote Originally Posted by sangha View Post
    The bill reduces tax revenue
    Not according to the link I posted, stop with the partisan bs and think

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    Re: GOP blocks bill that would curb tax breaks for firms moving operations overseas

    Quote Originally Posted by Objective Voice View Post
    ... You have to wonder if he actually read the bill. Sometimes you have to put hyper-partisanship aside and at least try to understand what the proposed legislation is trying to do. If you go back and read the referenced laws, i.e., US Tax Code, you'll find that the tax credits - those "incentives" for corporations to bring jobs back to the U.S. - would be paid for by reducing the tax deductions these same corporations are currently receiving to keep company operations overseas.

    To that, it's interesting that Conservative would dare claim that liberals want corporations to outsource jobs when outsourcing really took off in earnest under a Republican Administration -GW Bush. But truth be told, outsourcing (and it's cousin "off-shoring") has been going on in this country since the late 70's with many of the "incentives" (tax credits = taxpayer dollars) being given by Republicans. And that's what drives me crazy about comments made by posters like Conservative. To folks like him, the "blank check" that comes from "stealing from the rich" and raises the federal deficit always comes from Democrats, but they completely ignore the "corporate welfare" that tends to come from Republicans where the "incentives" are rarely ever paid for except on the backs of the working class. At least in this proposed bill, the tax credits would come from lowering the very tax deductions corporations currently receive from outsourcing jobs. That in no way takes money out of the pockets of so-called "wealth builders". It simply lowers the amount of money from their earnings they can deduct from their taxable liability. That's it!

    Clearly, what Conservative wants is for the corporate tax rate to be decreased under this proposal (sangha, you may have hit upon something here) while also giving these very corporations tax credits, too. I ask, "Who's really working hard to raise the federal deficit here?"

    Below are links to some light reading on outsourcing/off-shoring and the impact both have had on the American economy. I've found each to be interesting reading whether you support the process or not.

    5 Facts About Overseas Outsourcing | Center for American Progress

    The Offshore Outsourcing of American Jobs: A Greater Threat Than Terrorism | Global Research

    http://www.economist.com/media/globa...ution_e_02.pdf

    A Brief History of Outsourcing - SCM | Supply Chain Resource Cooperative (SCRC) | North Carolina State University

    I think what people really need to start asking themselves is, "What types of jobs would actually start coming back to the U.S. under this proposed bill?, rather than "What's the dollar cost to the American taxpayer". Again, there is a difference between "outsourcing" and "off-shoring", and the types of jobs that are ultimately outsourced are significant not only to cost-savings to a major corporation but also the net economic growth to the U.S. economy.

    Also, for those who want to watch the Senate debate on the proposed bill on outsourcing, you can view it here from C-SPAN.org. You'll have to be extremely patient, however. The Senate session covers several other issues including much debate on the VA and the current immigration problem.
    Look, I know the facts are hard for diehard liberals to understand but they are what they are, we just now, 7 years later, got back to the employment level we were when the recession started, December 2007, and today we still have almost 20 million unemployed/under employed/discouraged workers, stagnant GDP growth that was spurred by massive govt. spending, low economic growth(-2.1 first quarter, 4.0 Second quarter) which is 1.9%, 205,000 jobs created most part time and certainly not indicative of a booming economy, and you want me to support a bill that penalizes businesses for moving offshore when the business climate in this country is Socialism 101? No thanks, glad you are doing well but the 41% Obama JAR paints a different story. You people really need to get out more.

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    Re: GOP blocks bill that would curb tax breaks for firms moving operations overseas

    Reminder to Conservative: You're on my ignore list. So, unless someone quotes you, I have no idea what you say in your posts. (Not that I really care. Hence, the reason you're on "ignore".)
    "A fair exchange ain't no robbery." Tupac Shakur w/Digital Underground

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    Re: GOP blocks bill that would curb tax breaks for firms moving operations overseas

    Quote Originally Posted by Conservative View Post
    Not according to the link I posted, stop with the partisan bs and think
    Because $143 million is greater than $357 million!!
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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    Re: GOP blocks bill that would curb tax breaks for firms moving operations overseas

    Quote Originally Posted by mpg View Post
    GOP blocks tax hike on firms moving overseas - US News

    Has anyone heard the Republican side of the story?
    They must not agree with bill H.R. 2847 which covers FATCA, which went into effect July 1, 2014?

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