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

  1. #31
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    Re: GOP blocks bill that would curb tax breaks for firms moving operations overseas

    Quote Originally Posted by ludin View Post
    ....until reid and senate democrats decide to work with republicans nothing is ever going to make it out of the senate.
    the founding fathers were smart when they made the government the way they did.
    Please. Just... no.

    Republicans, mostly egged on by Newt Gingrich and his tactics, have spent years digging their partisan ditches and refusing to work with Democrats, who respond in kind. Midterm elections are coming up, and both sides are playing games. Neither side is particularly inclined to work with the other right now.

    Blaming it all on Reid (or any single individual) would be like blaming Eduardo da Silva for all the flopping in soccer.

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

    Quote Originally Posted by Baralis View Post
    Perhaps Im am naive but why do we really need to complicate our tax code by allowing deductions to begin with? All businesses have expenses and that is an expected part of having a business. It just seems that deductions are a means for businesses who better understand tax law to have a better advantage. Would it not make as much sense in the end to either remove deductions completely or even remove business taxes altogether and have the tax only applied to an individuals income from said business?

    Perhaps someone could explain to me the advantages of having corporate taxes and/or business deductions.
    The only advantage to having corporate taxes and/or business deductions is control...that is, government control.
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    Re: GOP blocks bill that would curb tax breaks for firms moving operations overseas

    Quote Originally Posted by Baralis View Post
    Perhaps Im am naive but why do we really need to complicate our tax code by allowing deductions to begin with? All businesses have expenses and that is an expected part of having a business. It just seems that deductions are a means for businesses who better understand tax law to have a better advantage. Would it not make as much sense in the end to either remove deductions completely or even remove business taxes altogether and have the tax only applied to an individuals income from said business?

    Perhaps someone could explain to me the advantages of having corporate taxes and/or business deductions.
    Businesses couldn't survive without righting off their expenses.

    The average American business makes 17% +/- profit. If a company grosses $100,000, spends 80,000 on expenses, then has to pay 20% in taxes, it would be $3,000 in the hole. That tax code will never work.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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

    Quote Originally Posted by Visbek View Post
    They are. However, the bill is designed to end tax breaks that apply when a company moves jobs overseas -- e.g. write-offs for relocating a factory.

    A tiny bit more info:

    Senate Republicans block bill to end tax breaks for outsourcing | TheHill
    I see - thanks.
    "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: GOP blocks bill that would curb tax breaks for firms moving operations overseas

    Quote Originally Posted by clownboy View Post
    Yeah, but that ignores that there is a story teller involved.
    The teller can be wrong. That doesn't change the facts.
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    Re: GOP blocks bill that would curb tax breaks for firms moving operations overseas

    Quote Originally Posted by Visbek View Post
    They are. However, the bill is designed to end tax breaks that apply when a company moves jobs overseas -- e.g. write-offs for relocating a factory.

    A tiny bit more info:

    Senate Republicans block bill to end tax breaks for outsourcing | TheHill
    Writing off the cost of relocating a factory is a deduction, not a break.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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

    Quote Originally Posted by jamesrage View Post
    Other than the GOP having their lips firmly wrapped around the cocks of businesses? It's possible that there are other things in the bill other than tax hikes on traitorous companies.
    And there's the rub. Big business hijacked the tea party. What started out as a grass roots movement by citizens was bought by the billionaires.
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    Re: GOP blocks bill that would curb tax breaks for firms moving operations overseas

    This issue would be a bargaining chip for the GOP for overall tax reform, they've repeatedly said this including two years ago when the Democrats pushed this bill right before the last election. Funny that it arises consistently a few months before the election cycle.

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

    Quote Originally Posted by Unrepresented View Post
    What part of the bill did they dislike other than their limitations to add amendments? I know that there's a general distaste for increasing revenues, and suspect that's probably the underlying issue.
    it doesn't matter they wanted to make amendments to the bill as they should have the ability to do and reid stopped it. so they stopped reid. pretty simple if you ask me.

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

    Quote Originally Posted by Visbek View Post
    Please. Just... no.

    Republicans, mostly egged on by Newt Gingrich and his tactics, have spent years digging their partisan ditches and refusing to work with Democrats, who respond in kind. Midterm elections are coming up, and both sides are playing games. Neither side is particularly inclined to work with the other right now.

    Blaming it all on Reid (or any single individual) would be like blaming Eduardo da Silva for all the flopping in soccer.
    please stop pointing the finger. reid is in charge of the senate it is his job to move bills through the senate. he wants to run it as a draconian empire that is what he is getting in return.

    they have worked with democrats they just refuse to give into there every little demand.

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