See, it really is no different if we are talking about individuals, or businesses. Obama is putting out there that if you spend the money as a business he will not charge you the tax for doing so. While this may be good for those businesses already in the process of doing that, it isn't likely to get others to do so, especially if they don't have the money to do it. So they lose.Heritage experts assert that any realistic, practical plan to prime the economy’s pump must emphasize permanent reductions in income tax rates for individuals and businesses – not, as liberals advocate, one-time or short-term tax rebates and credits combined with upward of $1 trillion in deficit spending.
Reducing tax rates on Americans’ income — such as President Bush’s 2003 tax cuts and those championed roughly 20 and 40 years earlier by Presidents Reagan and Kennedy – demonstrably creates incentives to work, innovate and invest. The evidence of history and decades of research bear this out.
When a ‘Tax Cut’ Isn’t a Tax Cut | The Foundry: Conservative Policy News.
Not only would it serve better to make the proposals actual tax cuts by cutting their bottom line expenditure to the government in the form of taxes, but it would also be better if Obama wasn't sticking his nose in business trying to tell them what and when to spend through the power of taxation.
If Republicans oppose this, I really will believe they are The Party of No.
Thank you, Quazi!
And what of the businesses that can't afford to expand this way right now? Due to the policies of this administration attacking them financially they are cash strapped. What do they get to survive? A big fat zero that's what. And the people they employ? they lose too.
Look, if you are for the credit, then fine I have no problem with that. But don't for one second say that it is a tax break for business as a whole, when we both know it only benefits those who can afford to spend the money.
Thank you, Quazi!
I support this.
It means jack and **** to most businesses but, heck, I support it, sure.
My company's net taxes will be going up. Do you think a tax break on a new server will cancel that increase?
If you build an army of 100 lions and their leader is a dog, in any fight, the lions will die like a dog. But if you build an army of 100 dogs and their leader is a lion, all dogs will fight like a lion.
And you're on board, eh?
I've got some land in southern Arizona along the border if'n you're interested.
So... where are the liberals asking how He plans to pay for this give-away to the rich....?
Last edited by Goobieman; 09-07-10 at 02:38 PM.