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Thread: Hoyer: Permanent middle class tax cuts too costly

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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
    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?
    The increases in the price of oil are pretty much viewed to be long term enough for it to be considered that way for pricing, much in the same way we would treat any new regulatory costs or taxes. And while we have profitibility goals (given to us by the board) we are also attempting to grow the business. In our industry, price is important as it relates to what the customer values, so we might be able to get away with increasing price without losing business if we do other things, such as after sales services, better ontime-infull delivery, or other things that will help their business and make them depend on us.

    So, in short, the answer is both yes and no depending on where we find ourselves in the market in relation to what the customer is actually looking for beyond a simple price for an object delivered. Different customers will get different pricing based on what they tell us is important. So, we will, of course, take the opportunity to increase prices where we can on which customers we can, but we may not be able to.

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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 increases in the price of oil are pretty much viewed to be long term enough for it to be considered that way for pricing, much in the same way we would treat any new regulatory costs or taxes. And while we have profitibility goals (given to us by the board) we are also attempting to grow the business.

    In our industry, price is important as it relates to what the customer values, so we might be able to get away with increasing price without losing business if we do other things, such as after sales services, better ontime-infull delivery, or other things that will help their business and make them depend on us.
    You may not be able to answer this really, but reimagine your scenario in which you are not really aggressively trying to grow the business, would the same model apply?

    So, in short, the answer is both yes and no depending on where we find ourselves in the market in relation to what the customer is actually looking for beyond a simple price for an object delivered. Different customers will get different pricing based on what they tell us is important. So, we will, of course, take the opportunity to increase prices where we can on which customers we can, but we may not be able to.
    You mentioned your company had profit margins of 10-13% on outside sales, is that the same in other departments, assuming you have other departments? For example, is your 10-13% margin supposed to carry another segment of the process that might have a margin of 1-2% or might even be operating at a loss?

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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.
    I can agree with that.
    I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on whats being proposed here, hed 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: Steny Hoyer Leaves Open Possibility of Extending Bush Tax Cuts for Middle Class

    Quote Originally Posted by NolaMan View Post
    So ultimately, they even out their costs.
    Where there's not a lot of competition - that's correct.
    I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on whats being proposed here, hed 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: Steny Hoyer Leaves Open Possibility of Extending Bush Tax Cuts for Middle Class

    Quote Originally Posted by NolaMan View Post
    You may not be able to answer this really, but reimagine your scenario in which you are not really aggressively trying to grow the business, would the same model apply?
    Not sure, it depends on what we think the customers are willing to accept.

    Quote Originally Posted by NolaMan View Post
    You mentioned your company had profit margins of 10-13% on outside sales, is that the same in other departments, assuming you have other departments? For example, is your 10-13% margin supposed to carry another segment of the process that might have a margin of 1-2% or might even be operating at a loss?
    Over the whole company, we typically run about 30 to 35% ebit, I am not sure what our EBITDA is though. We are divisionalized though, so I can really speak with accuracy for the one I am working in. However, the other divisions make things that are more common commodities that I believe run at a lower margin. However, we have some advantage because we are a well known and trusted brand and you probably have our one of products either in your car or in your house somewhere.

    However, what I do know is that the marketing and sales people are the ones who determine pricing and typically price our products independently of its costs, as long as we are not running at a loss. What we typically do is create a new product at a significant margin, than over time that advantage will drop and become less profitable, but only to renew the cycle once again with some other great and wonderful thing. But again, the main driving force behind pricing is not cost plus, but market research.

    Overall, additional costs would make us less profitable, but probably not change our approach unless it was something significant and industry changing.
    Last edited by tacomancer; 06-23-10 at 03:25 PM.

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    Re: Hoyer: Permanent middle class tax cuts too costly

    Well the greatest concentration of wealth is in the top 10%... I would suggest that would be the place to go. Middle class is being destroyed. Tax the rich.. it is inevitable. Sales tax is disproportionately punishing to middle and lower incomes. Soon America will be a country of only rich.. and working poor. Tax cuts will cause an even greater deficit and force an overly deep cut in spending .. at the worst time. Private sector wont pick up the slack and unemployment will go higher. Increased spending is more appropriate. The government should be throwing money into green technology and technical advances in biotech and fostering manufacturing business in these fields to be exported.

    Stop pandering to the wealthy and look after the people. You will increase debt further by the general population by creating poor low wage service sector jobs hand over fist. America needs manufactured exports to come out of this mess.

    http://mrzine.monthlyreview.org/2010...come_share.jpg

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    Re: Hoyer: Permanent middle class tax cuts too costly

    Quote Originally Posted by Gabriel View Post
    Well the greatest concentration of wealth is in the top 10%... I would suggest that would be the place to go. Middle class is being destroyed. Tax the rich.. it is inevitable. Sales tax is disproportionately punishing to middle and lower incomes. Soon America will be a country of only rich.. and working poor. Tax cuts will cause an even greater deficit and force an overly deep cut in spending .. at the worst time. Private sector won’t pick up the slack and unemployment will go higher. Increased spending is more appropriate. The government should be throwing money into green technology and technical advances in biotech and fostering manufacturing business in these fields to be exported.

    Stop pandering to the wealthy and look after the people. You will increase debt further by the general population by creating poor low wage service sector jobs hand over fist. America needs manufactured exports to come out of this mess.

    http://mrzine.monthlyreview.org/2010...come_share.jpg
    Brilliant. Target the people that afre successsful and the ONLY people that are driving the economy instead of controlling government spending and applying modest but fair tax increases. Because INCREASING the tax burden on the wealthy has a HISTORY of positive impact on the economy...

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

    No, the middle class tax cuts are not too costly. The government spending is too costly. The government is just not able to afford letting the tax cuts stand because they are a bunch of lunatic, public money spending, whores. How about a government spending cut equal to the middle class tax cut you idiot?

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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.
    Socialists and progressives don't like a middle class.
    "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: Hoyer: Permanent middle class tax cuts too costly

    Quote Originally Posted by American View Post
    Socialists and progressives don't like a middle class.
    Where did you get this idea from?

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