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

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

    By STEPHEN OHLEMACHER, Associated Press
    WASHINGTON (AP) — Republican senators have blocked an election-year bill limiting tax breaks for U.S. companies that move operations overseas.

    GOP blocks tax hike on firms moving overseas - US News

    Has anyone heard the Republican side of the story?
    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

    Why should a story have sides? There's only facts. Facts don't have sides, don't have allegiance. It's silly to think that stories have two sides. They only have one, the truth.
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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?
    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.
    Last edited by jamesrage; 07-31-14 at 04:03 PM.
    "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"

    Cicero Marcus Tullius

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

    Quote Originally Posted by Paschendale View Post
    Why should a story have sides? There's only facts. Facts don't have sides, don't have allegiance. It's silly to think that stories have two sides. They only have one, the truth.
    Sides haves facts. Maybe there is no other side of the story. Did you click on the link? It didn't contain the entire text of the bill.
    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

    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.

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

    Quote Originally Posted by Paschendale View Post
    Why should a story have sides? There's only facts. Facts don't have sides, don't have allegiance. It's silly to think that stories have two sides. They only have one, the truth.
    Wow, that ignores the reality that reporters and editors are human and have bias. The other side are the facts, the truths that have been ignored to tell the story in such a way that it fits the reporter's/editorialist's point of view.

    In this case, a good starting question to ask is, "what else did the bill do?". Google the definition of poison pill as regards to legislation. It's an old tactic, you see it all the time, especially around election season.
    Last edited by clownboy; 07-31-14 at 04:17 PM.

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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
    Sides haves facts. Maybe there is no other side of the story. Did you click on the link? It didn't contain the entire text of the bill.

    I believe this is the bill in question.
    https://beta.congress.gov/bill/113th...bill/2562/text
    "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"

    Cicero Marcus Tullius

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

    I read in another article (that I can't find right now) that the Republicans wanted to add some amendments and were denied.
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    Re: GOP blocks bill that would curb tax breaks for firms moving operations overseas

    Quote Originally Posted by azgreg View Post
    I read in another article (that I can't find right now) that the Republicans wanted to add some amendments and were denied.
    What kind of amendments?Amendments to neuter the bill with loop holes?
    "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"

    Cicero Marcus Tullius

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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.
    Do you understand what a business deduction is?

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