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Thread: Senate advances jobs bill after collecting five GOP votes

  1. #31
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    Re: Senate advances jobs bill after collecting five GOP votes

    Why would I hire someone if my revenues are down, consumer spending is down, and taxes are threatening to rise on my most targetted customers?

    I'm going to take on the expense of hiring someone just to get a tax break? LOLOLOLOLOL

    The Dems need to take a remedial business course from a local D.C. community college.

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    Re: Senate advances jobs bill after collecting five GOP votes

    Quote Originally Posted by Erod View Post
    Why would I hire someone if my revenues are down, consumer spending is down, and taxes are threatening to rise on my most targetted customers?

    I'm going to take on the expense of hiring someone just to get a tax break? LOLOLOLOLOL

    The Dems need to take a remedial business course from a local D.C. community college.
    LOL

    A business course you say?

    What does the rational firm (one focused on profits) do when it see's a rise in their marginal product of capital (worker productivity is increasing)?

    What does a rational firm do when the cost of capital investment is at a record low?

    What does a rational firm do when the marginal product of capital experiences diminishing returns?

    At what point does a firm consider increasing labor: when strictly revenue increases or strictly profit increases?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Senate advances jobs bill after collecting five GOP votes

    Quote Originally Posted by upsideguy
    The Republicans did not vote FOR The measure, only that debate can proceed.
    Exactly.

    If the arguments against are convincing and with merit, the bill should fail.

    If the arguments in favor are convincing and with merit, the bill should pass.
    “We just simply don’t know how to govern” - Rep. Steve Womack (R-AR) a member of the House Budget Committee

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    Re: Senate advances jobs bill after collecting five GOP votes

    Quote Originally Posted by upsideguy View Post
    I thought Republicans loved any excuse to cut taxes.....

    Sorry, but you have a fatal flaw in your argument as the tax credits only partially subsidize hiring. No employer is going to make the hire unless they need the person. This credit only helps give the employer just a bit more confidence to make an investment decision that may need just the little extra push (lowering the cost in the cost/benefit analysis). It will not radically change the economics of any business decision. The employee, OTH, is off the public payroll (if previously unemployed) and paying taxes, presumably more than the credits given for his hire and spending money. I thought this was exactly what the Republicans wanted?

    The Republicans did not vote FOR The measure, only that debate can proceed. They have been abusing the fillibuster to this point. Its good to see an instance where they are letting the work of congress proceed. Like the bill or not, it has sufficient merit for a good debate.

    The use of the fillibuster to block everything from the Democrats is an abuse of power, and should be considered irresponsible at least (blocking the work of duly elected officials and failing to appropriately deal with the issues of the day) to treasonous at most (willfully putting US security and welfare at risk.)
    Thank you.

    I was reading through the thread, waiting for someone to explain the economics of tax incentives.

    Scott Brown voted for what he believed is best for his constituents... and they don't live in Texas.

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    Re: Senate advances jobs bill after collecting five GOP votes

    Quote Originally Posted by Goldenboy219 View Post
    We have to consider the timing (and scope) of this bill. How long are the tax incentives going to last? At this point, firms are (if they are in operation) assuming highly liquid positions which begs for a major uptick in capital investment. Given the relatively low user cost of capital, such a tax break can give an improving job market some much needed momentum.
    Companies aren't going to spend 30 g's, or more, on an employee they don't need just to get a 5 grand tax break.

    Spending 30 grand to save 5 grand makes no sense.

    If the company needs an employee, they'll hire him, tax break, or no tax break.

    The worst part, is that this program will get gamed to no end. Companies will hire someone, keep him for the required amount of time, then lay him off just to get the tax break.

    Statically speaking, this is going to be an unemployment disaster.
    Last edited by apdst; 02-23-10 at 01:18 PM.
    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: Senate advances jobs bill after collecting five GOP votes

    Quote Originally Posted by Erod View Post
    Why would I hire someone if my revenues are down, consumer spending is down, and taxes are threatening to rise on my most targetted customers?

    I'm going to take on the expense of hiring someone just to get a tax break? LOLOLOLOLOL

    The Dems need to take a remedial business course from a local D.C. community college.
    I don't know, why would you comment on somewhat complicated economic issues when you have no clue what you're talking about...

    Revenues are down across the board? FALSE.

    Consumers are spending--just not with Credit Cards.

    Taxes "threatening" to rise...?? You hyper-partisans will make that claim with any bill... You make more than $250K? Really?

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    Re: UPDATE 1-New U.S. senator helps Democrats advance jobs bill

    no, no no. we get it. the party of no.

    kudos to brown for doing what he was elected to do, advocate for his constituents.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


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    Re: UPDATE 1-New U.S. senator helps Democrats advance jobs bill

    Quote Originally Posted by liblady View Post
    no, no no. we get it. the party of no.

    kudos to brown for doing what he was elected to do, advocate for his constituents.
    Thank God someone is saying no to crap like this. Somebody has to do it.
    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: Senate advances jobs bill after collecting five GOP votes

    Quote Originally Posted by BWG View Post
    Exactly.

    If the arguments against are convincing and with merit, the bill should fail.

    If the arguments in favor are convincing and with merit, the bill should pass.
    If the bill is in violation of the Constitution it should fail, regardless of how wonderfully nice it would be.

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    Re: Senate advances jobs bill after collecting five GOP votes

    Quote Originally Posted by apdst View Post
    Companies aren't going to spend 30 g's, or more, on an employee they don't need just to get a 5 grand tax break.
    When did I claim they would?

    Spending 30 grand to save 5 grand makes no sense
    See above

    If the company needs an employee, they'll hire him, tax break, or no tax break.
    Now we are getting somewhere. When the marginal product of capital > the user cost of capital, what does a firm do? Are they at their maximum profit potential?

    The worst part, is that this program will get gamed to no end. Companies will hire someone, keep him for the required amount of time, then lay him off just to get the tax break.
    What if the required amount of time equates to them spending 30k? Where would the gaming occur?

    Statically speaking, this is going to be an unemployment disaster.
    ???
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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