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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 Objective Voice
    On the other side, you have Sec 3 of the bill, "Denial of Deductions for Outsourcing Expenses," which essentially says "you don't get a tax break for any expenses incurred for having outsourced your company in the first place. You already go that tax break under the 'outsourcing' tax break the fed gave you years ago".

    Quote Originally Posted by sangha View Post
    That's not how I read Sec 3. It says "you no longer get to deduct expenses (tax break for any expenses incurred) relating to outsourcing [for having outsourced) that you were previously allowed (tax break the fed gave you years ago)" Insourcing expenses are still deductible and earn a 20% tax credit even if they're a return to the US of jobs that were previously outsourced

    Also, there's no evidence that the GOP objects to Sec 3. So far, it appears that their objection is that the bill doesn't lower the corporate income tax rate.
    We're saying the same thing, just differently. As for you theory concerning lowering the corporate tax rate, you could be right on that point. But like I said, we'll just have to watch C-SPAN.org and find out what their objections are.
    Last edited by Objective Voice; 08-01-14 at 11:24 PM.
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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
    So the republicans don't favor outsourcing and tax breaks for every business?
    "favor outsourcing"? Maybe they don't fight against it very much but it's not as if they're trying to make businesses leave. OTOH, the Dems favor high corporate tax rates which push businesses away.
    If you expect people to be rational, you aren't being rational.

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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
    "favor outsourcing"? Maybe they don't fight against it very much but it's not as if they're trying to make businesses leave. OTOH, the Dems favor high corporate tax rates which push businesses away.
    And many republicans favor outsourcing which allows a company to ship production overseas so that they can hire workers practically pennies on the dollar working 80 hour work weeks and ship those goods to the US with no or low tariffs.
    "A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear"

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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
    And many republicans favor outsourcing which allows a company to ship production overseas so that they can hire workers practically pennies on the dollar working 80 hour work weeks and ship those goods to the US with no or low tariffs.
    "Many republicans favor outsourcing". That's a good example of "just saying stuff".
    You can't reason anyone out of a position they didn't reason themselves into in the first place.

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

    Quote Originally Posted by Papa bull View Post
    "Many republicans favor outsourcing". That's a good example of "just saying stuff".
    This an example of people believing that your opinions are indeed actual facts. Just like Republicans are going to starve kids, kill seniors, and pollute the air. Cannot believe that actual Americans believe this bs.

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

    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

    And Bill Clinton signed it. I totally understand why people like you aren't for free trade and capitalism. You simply cannot compete.

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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
    And Bill Clinton signed it. I totally understand why people like you aren't for free trade and capitalism. You simply cannot compete.
    Both parties are beholden to the moneyed interests that fund their campaigns

    Honest people can recognize and admit it. Hacks can not
    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 sangha View Post
    Both parties are beholden to the moneyed interests that fund their campaigns

    Honest people can recognize and admit it. Hacks can not
    Honest people understand the role of the Federal Govt. in a free enterprise capitalistic economy. The answer is term limits, the states understand it, Pelosi, Reid, and people like you don't. The richest people in the Congress are Democrats, wonder where they got their money?

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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
    Both parties are beholden to the moneyed interests that fund their campaigns

    Honest people can recognize and admit it. Hacks can not
    Honest people understand the role of the Federal Govt. in a free enterprise capitalistic economy. The answer is term limits, the states understand it, Pelosi, Reid, and people like you don't. The richest people in the Congress are Democrats, wonder where they got their money?

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