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Thread: Hoyer: Permanent middle class tax cuts too costly

  1. #21
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    Re: Steny Hoyer Leaves Open Possibility of Extending Bush Tax Cuts for Middle Class

    Quote Originally Posted by pans trogladyta View Post
    I think there are several solid points here. We do need to decrease spending and we are going to have to increase taxes, however, I say we increase them where they can be most afforded. By corporate america. Also we stop all ongoing wars, you may call this cut and run if you like, and go back to only attacking someone if congress can get up the guts to declare war.
    Corporations do not pay taxes, they pass their costs on to you, the consumer.

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    Re: Steny Hoyer Leaves Open Possibility of Extending Bush Tax Cuts for Middle Class

    Quote Originally Posted by NolaMan View Post
    Corporations do not pay taxes, they pass their costs on to you, the consumer.
    Incorrect. They pay taxes AND they pass the costs on to the consumer.
    “I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on what’s being proposed here, he’d agree with it. He would agree that the First Amendment cannot be absolute.” - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


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    Re: Hoyer: Permanent middle class tax cuts too costly

    Quote Originally Posted by RightinNYC View Post
    The Associated Press: Hoyer: Permanent middle class tax cuts too costly



    This is going to be a tough issue for both parties. The tax cuts should be made permanent or ignored altogether - this "temporary cut/fix" shenanigans is little more than a budgetary tool used to hide the true costs of programs and push off hard decisions to the next group of leaders.
    But if they couldn't use the temprary cut/fix shenanigans, how could the politicians hide the true costs of programs and push off hard decisions to the next group of leaders? Won't somebody please think of the politicians!
    You know the time is right to take control, we gotta take offense against the status quo

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    Re: Steny Hoyer Leaves Open Possibility of Extending Bush Tax Cuts for Middle Class

    Quote Originally Posted by Ockham View Post
    Incorrect. They pay taxes AND they pass the costs on to the consumer.
    In highly competitive markets, which most products are in pretty damn competitive markets, they rarely can pass such costs on the consumers because if one of them doesn't then the others will lose market share, so corporate taxes most often result in cuts in profit margins.

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    Re: Steny Hoyer Leaves Open Possibility of Extending Bush Tax Cuts for Middle Class

    Quote Originally Posted by Deuce View Post
    You need to go to a spa or something. Relax a bit. Learn to take things a little less seriously, and try not to see everything as an attack. Sometimes people post things that are just meant to be humorous or ironic.
    I didnt see it as an attack. I saw it as a typical idiotic and myopic comment devoid of thought, value, relevance, etc. You know...your norm.

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    Re: Hoyer: Permanent middle class tax cuts too costly

    Quote Originally Posted by liblady View Post
    Agreed, but why anyone thinks we can continue spending without taxing is beyond me. I'm middle class, and would completely understand a modest increase in my taxes.
    As would I...but not without a direct curb on spending. Its quite simple really...If the government is going to take in taxes then they should be responsible about how they spend it. If they have run up a 13.5 trillion dollar debt with an allowable ceiling of 15.5 trillion and havent even so much as passed a budget on HOW they are going to spend that money, then taxpayers SHOULD not only object...they should be downright pissed off.

    Im a realist. I get that we NEED to have some form of higher taxes if the federal deficit is ever going to be paid down. I also get you cant run even a simple household without a budget and ensuring yout income exceeds your 'outgo'. WHile I know there are some that will stomp their feet and say "not now not ever no new taxes", I believe REASONABLE people of liberal and conservative bent will recognize it is necessary...PROVIDED that it is responsible. It starts with the responsible part...cutting back spending.

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    Re: Steny Hoyer Leaves Open Possibility of Extending Bush Tax Cuts for Middle Class

    Quote Originally Posted by Ockham View Post
    Incorrect. They pay taxes AND they pass the costs on to the consumer.
    So ultimately, they even out their costs.

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    Re: Steny Hoyer Leaves Open Possibility of Extending Bush Tax Cuts for Middle Class

    Quote Originally Posted by Civil1z@tion View Post
    In highly competitive markets, which most products are in pretty damn competitive markets, they rarely can pass such costs on the consumers because if one of them doesn't then the others will lose market share, so corporate taxes most often result in cuts in profit margins.
    What markets are you referring to exactly? Your scenario happens, but I would argue that it is outside of the norm, as opposed to the norm.

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    Re: Steny Hoyer Leaves Open Possibility of Extending Bush Tax Cuts for Middle Class

    Quote Originally Posted by NolaMan View Post
    What markets are you referring to exactly? Your scenario happens, but I would argue that it is outside of the norm, as opposed to the norm.
    The industry I work in prices based on competition more than cost plus. Their margins are typically 10 to 13% on outside sales. Also because of relatively long lead times in this industry, they have an advantage against overseas operations (our main competition). We have taken an increate of raw material prices of 5% (due to oil) and decided to absord it instead of pass it along to try and keep increasing sales and to try and bring in new customers. It would have been the same with taxes.

    The caveat is that what we do (without being too specific here) is pretty much a custom build with each order.

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    Re: Steny Hoyer Leaves Open Possibility of Extending Bush Tax Cuts for Middle Class

    Quote Originally Posted by megaprogman View Post
    The industry I work in prices based on competition more than cost plus. Their margins are typically 10 to 13% on outside sales. Also because of relatively long lead times in this industry, they have an advantage against overseas operations (our main competition). We have taken an increate of raw material prices of 5% (due to oil) and decided to absord it instead of pass it along to try and keep increasing sales and to try and bring in new customers. It would have been the same with taxes.

    The caveat is that what we do (without being too specific here) is pretty much a custom build with each order.
    Does the company view short term flucuations in the price of oil the same as what might be a permanent tax increase? If you heaped on an additional tax increase of say 2-3% on top of the 5% you said you company has eaten, it would bring your profit margin down to around 2%, which is probably not where you guys want to be. In theory, that would then cause a price hike somewhere down the line huh?

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