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Thread: Obama to introduce another business tax cut

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    Re: Obama to introduce another business tax cut

    Quote Originally Posted by Taylor View Post
    If i'm not mistaken, (3) is 100 billion, not 200.
    I think it's $200, though neither number really reflects the actual cost.

    http://www.nytimes.com/2010/09/07/us...ics/07tax.html

    It would cost an estimated $200 billion in revenues, though the ultimate net loss would be $30 billion over 10 years, administration officials say, since businesses would eventually deduct the depreciated value of the equipment in any case.
    ...

    This is a great example of good politics taking precedence over good policy.
    I'm not sure whether it's good policy or not, but either way I agree that there are political considerations driving this.
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    Re: Obama to introduce another business tax cut

    Quote Originally Posted by RightinNYC View Post
    I think it's $200, though neither number really reflects the actual cost.
    Hmm I think that IS right - the few sources I looked at earlier (financial blogs) had bad info that collapsed (2) and (3) into under a single 200 billion. News sites are reporting it the way you had it.

    Still, there's lots of confusion. USA today says the capital investment proposal will provide "estimated savings over two years: $200 billion" rather than $200 billion reduction in tax revenue.
    http://content.usatoday.com/communit...ess-tax-cuts/1
    Last edited by Taylor; 09-07-10 at 04:51 PM.

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    Re: Obama to introduce another business tax cut

    Quote Originally Posted by Jetboogieman View Post
    I'm not a democrat. He told you what he's gonna do. Who's lying?



    You're opposing this for the sake of it. Do you actually UNDERSTAND what it means.

    "proposed expansion of the research and experimentation tax credit to $50 billion"

    The Credit comes in if a company invests in R&D...

    Basically what he's saying is, if you buy new equipment, we won't tax you on it... which is a tax cut.
    You're a liberal though, and you'll vote Dem this fall.
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    Re: Obama to introduce another business tax cut

    Quote Originally Posted by American View Post
    You're a liberal though, and you'll vote Dem this fall.
    No he wont vote democrat this fall

    It would be very illegal for him to do so.

    You he is not American, does not live in America, and to my knowledge does not plan on moving to the US and becoming a US citizen in time to vote democrat this fall
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    Re: Obama to introduce another business tax cut

    Quote Originally Posted by Jetboogieman View Post
    It would be highly interesting if the Republicans opposed this plan.
    Businesse can already write off 100% of equipment purchases. How is this some new, life saving idea from The Messiah?
    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: Obama to introduce another business tax cut

    well, that was fast

    Democrats to the president: Get a clear message - CNN.com

    you don't demand competence from your leaders?

    to each his own

    party on!

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    Re: Obama to introduce another business tax cut

    Quote Originally Posted by apdst View Post
    Businesse can already write off 100% of equipment purchases. How is this some new, life saving idea from The Messiah?
    That's news to me. You may be confusing a tax deduction with a tax credit. (waaaay big difference....)


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    Re: Obama to introduce another business tax cut

    Quote Originally Posted by RightinNYC View Post
    I think it's $200, though neither number really reflects the actual cost.

    http://www.nytimes.com/2010/09/07/us...ics/07tax.html


    I'm not sure whether it's good policy or not, but either way I agree that there are political considerations driving this.

    Seems like a very bizarre proposal. As you note, may be good, may be not so good.

    They way i am reading, it is basically offering every company the chance to project their annual tax bill and then spend all that sum on capital investments as opposed to paying it in income tax. A special kind of Christmas.

    If i have a small company with $1 million in projected revenues and $100,000 in net profit, i'm gonna replace all my pickup trucks and buy the adjoining land to my store. (or whatever adds up to $100,000) Which has some upside for the economy short term in my spending but not sure how its gonna help the big picture. Will result in that amount less coming into the tax coffers but as a "one shot" program, doesn't translate to me necessarily hiring anybody. (Am going to be focusing on liquid capital for a situation like this one)

    Either way, sounds like a clever political proposal. Will be interesting how details of such a new program pan out. Seems to be in direct conflict with the Obama administration's previous positions about "spreading the wealth". Which would be a good thing.....



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    Re: Obama to introduce another business tax cut

    Quote Originally Posted by apdst View Post
    Businesse can already write off 100% of equipment purchases. How is this some new, life saving idea from The Messiah?
    I believe that the proposal is to allow businesses to count all of the equipment's future depreciation in this one year, rather than requiring them to follow the standard timeline for depreciation.
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    Re: Obama to introduce another business tax cut

    Quote Originally Posted by RightinNYC View Post
    I believe that the proposal is to allow businesses to count all of the equipment's future depreciation in this one year, rather than requiring them to follow the standard timeline for depreciation.
    There is no standard timeline for equipment depreciation. Equipment can be depriciated for a maximum of 6 years. But, equipment can be fully depreciated for 1 year.
    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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