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Thread: Obama’s Plan on Corporate Taxes Unnerves the Indian Outsourcing Industry

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    Re: Obama’s Plan on Corporate Taxes Unnerves the Indian Outsourcing Industry

    Quote Originally Posted by celticlord View Post
    Those would be the same residents whose substandard housing Dear Leader and his pal Tony Rezko built with tax dollars, then abandoned them in such horrible shape that the housing developments had to be demolished?

    From all reports, Dear Leader has stepped on the residents of the South Side the way most folk step on stairs. He is nothing more than a useless parasite, an artless and unaccomplished boor with a mellifluous voice who occasionally manages to pull himself out of his perpetual slouch to stand upright and look good.
    ........ the definition of "owned" in a debate. Bravo!

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    Re: Obama’s Plan on Corporate Taxes Unnerves the Indian Outsourcing Industry

    Quote Originally Posted by Zyphlin View Post
    Exactly.

    I find it funny that some people who will harp on Bush for dropping taxes but not doing the other portions of it to make it work are the same type that will champion Obama doing this.

    Yes, I think redoing our tax code in regards to sending jobs overseas is a useful thing...essentially perhaps removing some loopholes to get tax breaks for sending stuff overseas but giving LOWER taxes as incentives for keeping a certain % of a large businesses operations IN the United states.

    HOWEVER

    Much like Bush's tax cuts were not as useful and perhaps harmful without paired with lowered spending, "fixing" the tax code while keeping in place the governmental regulations that caused the issue in the first place is also going to not be useful and potentially harmful.

    Companies didn't just wake up and say "Send them all overseas, that'll cost those evil Americans".

    Additionally, even with "tax loopholes" the notion of trying to create an overseas outpost of your operation when you previously didn't have it isn't likely cost effective in and of itself, nor the customer service hit you get for oding so.

    HOWEVER

    When you couple the potential money saved simply from taxes with the potential money saved due to the vast amount of regulations you have on business, things change. Suddenly there are more reasons to do the move than not to do it.

    Most likely, conservatives won't be fooled by this. The left creates government regulation. The government regulations forces a the private sector to shift because suddenly the free market is forcibly changed by government. The government then dislikes the changes the free market has done and rather than point to the thing THEY DID that caused the change they claim that the free market failed.

    Its like a sick person having a doctor give him some kind of anti-biotic that directly is the cause for him getting even more sick and the doctor going "See, the human immune system has failed this man, give him MORE anti-biotics!" instead of going "Hmm, I gave him a drug and it caused him to get worse, its the drugs fault".

    All this is a ploy to make the American public THINK that Obama's goal is to bring jobs back to America when in reality its an end around attempt to go "You all didn't do business like we, the big mommy government said, so we're going to punish you for finding a legal way around that to either take more of your money or force you to do it how we want you to do it."

    God forbid they actually loosen regulations along with this. That'd be admitting government was wrong...and that can't be because Democrats are infallable! No no no, as Obama says, people must sacrifice during important times....expect for himself, or democrats, or governments, they get to sacrifice nothing. But business, oh boy oh boy, come on over here because we need a pound of flesh and frankly we'd rather take it from you.

    But no one should be surprised by this; Obama was your typical leftist from the start and pretty much told us so. The only thing is people either were to mesmorized by his pretty words to really realize, fully realized and reveled in it, or fully realized and reveled in it secretly while trying to paint themselves and him as "moderate" or "centrist" because they know they can't bitch about "extremes" on the right when they themselves are extreme on the left.
    I think to have a coherent debate we need to separate the desire to stop the "sheltering" of individuals money from taxation by illegally, or perhaps using loopholes which is a risk when having political appointees write laws, using offshore accounts and businesses doing business overseas.

    I doubt there is any argument that any laws that close loopholes for the mere sheltering of income from taxes makes good sense be it from Corporations or individuals.

    But the notion that Companies doing business outside of the country running subsidiaries or satellite offices is a very bad idea for several reasons; their income is already being taxed by the countries they operate in and the legislation the way I understand it in it's current form is tantamount to double taxation and puts companies at a significant disadvantage.

    US companies are already at a competitive disadvantage with the highest corporate tax rates in the FREE world and foreign nations who also subsidize their companies to compete with our own; Airbus is the best example.

    The REAL issue that is being lost here is NOT Obama's attempt to eliminate loopholes; but his continued populist anti-capital rhetoric in an attempt to AVOID or extend the REAL debate that in order to pay for the trillions of taxpayer dollars he is pissing away for his Liberal Socialist agenda; he will have to raise EVERYONE's taxes.

    Expect for an HONEST debate to continue to be delayed until AFTER the 2010 midterm elections so that the Democrats, those new and improved and more transparent politicians, can avoid the potential political fallout before those elections.

    I think this is what the REAL debate is and not about the attempted elimination of "loopholes" for the rich. After all, what are we talking about; a few billion dollars? How is that even a dent on the trillions in deficits and debt we have now accumulated and are now accumulated at a vastly accelerated rate?

    It is almost as laughable as Obama's claim that their "stimulus" has created 150,000 jobs; gawd I laugh even typing that.
    Last edited by Truth Detector; 05-06-09 at 04:35 PM.

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    Re: Obama’s Plan on Corporate Taxes Unnerves the Indian Outsourcing Industry

    Quote Originally Posted by chevydriver1123 View Post
    Besides taxes, over the top regulations are another reason corporations send jobs overseas. Why isn't Obama looking at these as well? This will do nothing
    Marginally. Most corporations go overseas to capitalize on cheap labor costs. If regulations was really that much of an issue, then no one would do business in Europe, but that's one of the biggest markets for US corporations.

    Why do you think corporations move to Singapore, Hong Kong, India, Bangladesh, Thailand, China and Vietnam?

    Cheap labor.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Obama’s Plan on Corporate Taxes Unnerves the Indian Outsourcing Industry

    Quote Originally Posted by WillRockwell View Post
    http://www.nytimes.com/2009/05/06/bu...06tax.html?hpw

    Let's see how the Right will spin this....higher taxes? socialism? Obama is making a concrete step to return jobs to America, and I can't wait to read why the Right is against it.
    The right is against it because it means they will have to pay Americans a living wage for those jobs. They don't want to do that when they can pay Hajeet in Bangalore $1.75 per week for the same work.

    In a word, they are greedy and don't want to share.

    They get ZERO sympathy. I say make the ****ers pay Americans to do those jobs.

    Lets fix our economy before we subsidize the economies of other countries.

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    Re: Obama’s Plan on Corporate Taxes Unnerves the Indian Outsourcing Industry

    Quote Originally Posted by Vader View Post
    The right is against it because it means they will have to pay Americans a living wage for those jobs. They don't want to do that when they can pay Hajeet in Bangalore $1.75 per week for the same work.

    In a word, they are greedy and don't want to share.

    They get ZERO sympathy. I say make the ****ers pay Americans to do those jobs.

    Lets fix our economy before we subsidize the economies of other countries.
    While I disagree with this, I take it everything you buy is American made correct? I mean, you're not "greedy" are you and buying cheaper made things that aren't made by American companies right?

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    Re: Obama’s Plan on Corporate Taxes Unnerves the Indian Outsourcing Industry

    Quote Originally Posted by Zyphlin View Post
    While I disagree with this, I take it everything you buy is American made correct? I mean, you're not "greedy" are you and buying cheaper made things that aren't made by American companies right?
    I wonder if it's even possible.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: Obama’s Plan on Corporate Taxes Unnerves the Indian Outsourcing Industry

    Quote Originally Posted by WillRockwell View Post
    http://www.nytimes.com/2009/05/06/bu...06tax.html?hpw

    Let's see how the Right will spin this....higher taxes? socialism? Obama is making a concrete step to return jobs to America, and I can't wait to read why the Right is against it.
    Too late for spinning dude, you've already beaten us all to it.


    To support corporate taxes and protectionism is to deny basic economics.

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    Re: Obama’s Plan on Corporate Taxes Unnerves the Indian Outsourcing Industry

    Quote Originally Posted by Dav View Post
    Too late for spinning dude, you've already beaten us all to it.


    To support corporate taxes and protectionism is to deny basic economics.
    DAV: MILLIONS of factory workers out of work(due to...? gosh I`m at a loss as to the cause), unable to buy a house, pay for the one they have, buy a car, ETC...ETC...ETC. And all you can produce is the same old bitter-assed whine. Fetid cheese is good with that, yuh-know?

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    Re: Obama’s Plan on Corporate Taxes Unnerves the Indian Outsourcing Industry

    Quote Originally Posted by Zyphlin View Post
    While I disagree with this, I take it everything you buy is American made correct? I mean, you're not "greedy" are you and buying cheaper made things that aren't made by American companies right?
    I see your point, Zyphiln.

    You are correct --- not everything I buy is American. If I had a choice, I would by American.

    I am not greedy... in the slightest ... accept at Thanksgiving ... with the mashed potatoes and gravy.


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    Re: Obama’s Plan on Corporate Taxes Unnerves the Indian Outsourcing Industry

    Quote Originally Posted by American View Post
    I wonder if it's even possible.
    No, it isn't.

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