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Thread: More Democrats break with Obama on tax cuts

  1. #991
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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Boo Radley View Post
    For most, there won't be enough to have any effect at all. And business won't ever see enough of a cut or increase to make them do anything.
    Thank you for your expert opinion on running a business and how business owners operate. You also seem to be an expert on consumer spending and what consumers do when they get to keep more of their own money. What you give here is your personal opinion based upon never running your own business and apparently never looking at your own paycheck to see if there was more or less money in it thus it doesn't matter to you so you spend regardless of what is in it. Wonder if you really believe you are like the average American?

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Conservative View Post
    Individuals pay for law enforcement with their local taxes, not the Federal Taxes.
    Last I checked FBI, DEA, Border Patrol, Coast Guard, Department of Homeland Security, ATF, Federal Bureau of Prisons, Secret Service are all paid for with Federal taxes.

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Johnny DooWop View Post
    I could've sworn Obama, Pelosi and Reid all pay taxes. Maybe I'm wrong.
    Yep, they pay taxes, what is your point. All three are multi, multi millionaires who seem to have forgotten what it was like on the other end.

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Johnny DooWop View Post
    Last I checked FBI, DEA, Border Patrol, Coast Guard, Department of Homeland Security, ATF, Federal Bureau of Prisons, Secret Service are all paid for with Federal taxes.
    Yep, and none of them are involved in local law enforcement, that would be the police and fire departments.

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Erod View Post
    I disagree completely. Companies operate on margin. Risk and expansion is based almost solely on being able to project maintaining within a certain margin. Margin is affected greatly by taxes, as well as other factors like sales, operating expenses, the financial condition of associated partners (companies), etc.

    If you raise taxes, you affect all areas that ultimately can effect margin. Once risk is unacceptable based on the margin of return, you cut costs and labor. If those tax burdens are expected to possibly increase, you prepare for further cuts.

    That's where we are. That's EXACTLY how my company has operated the past three years. And given, at the very least, a gridlocked governement that can't throw new surprises at us, we're preparing to start investing and expanding once again.
    And when they project, the most important factor is how much they can sell and how much porfit they are liely to bring in. Taxes, as they are part of business and change from time to time, have a much smaller effect. Especially individual taxes. You could eliminate all buisiness taxes, and if they could get cheaper labor in Mexico, they would still go to Mexico. You could cut all taxes, and if people weren't buying, business would still nto invest. You could increase taxes, and if the labor was cheaper here, they would still stay here. You could increase taxes a lot, and if their product was selling and people were spending, business would hire and move on.

    We also have studies that clearly show taxes have no real effect on jobs. One just came out recently saying a tax cut would not create jobs. And a tax increase would not cost jobs.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Conservative View Post
    Thank you for your expert opinion on running a business and how business owners operate. You also seem to be an expert on consumer spending and what consumers do when they get to keep more of their own money. What you give here is your personal opinion based upon never running your own business and apparently never looking at your own paycheck to see if there was more or less money in it thus it doesn't matter to you so you spend regardless of what is in it. Wonder if you really believe you are like the average American?
    I read.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Conservative View Post
    Yep, they pay taxes, what is your point. All three are multi, multi millionaires who seem to have forgotten what it was like on the other end.
    Here we ago again. Your statement is proven wrong and you can only respond with "what's your point?" LOL!

    Quote Originally Posted by Conservative View Post
    Wonder why liberals don't send more of their own money to D.C. instead of forcing others to do it. You think the govt. needs the money more than the individual? Prove it, send more of yours instead of just what is required.
    That's my point.

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Conservative View Post
    Yep, and none of them are involved in local law enforcement, that would be the police and fire departments.
    Quote Originally Posted by zip98053 View Post
    How does an individual pay for law enforcement?
    That was the question. The individual said nothing about local. Come on guys, lets keep up with the issues.

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Boo Radley View Post
    And when they project, the most important factor is how much they can sell and how much porfit they are liely to bring in. Taxes, as they are part of business and change from time to time, have a much smaller effect. Especially individual taxes. You could eliminate all buisiness taxes, and if they could get cheaper labor in Mexico, they would still go to Mexico. You could cut all taxes, and if people weren't buying, business would still nto invest. You could increase taxes, and if the labor was cheaper here, they would still stay here. You could increase taxes a lot, and if their product was selling and people were spending, business would hire and move on.

    We also have studies that clearly show taxes have no real effect on jobs. One just came out recently saying a tax cut would not create jobs. And a tax increase would not cost jobs.
    And of course we believe all those studies, most of which have been proven wrong. Please name for me one study, prediction, or projection that the Obama Administration has generated that has been accurate?

    I don't believe I have ever met someone so afraid of keeping and spending more of their own money and being such a supporter of more money going to the Federal Govt. I don't get it and apparently never will, how people spending their own money can have such little affect on jobs. That isn't logical and no study can prove that to be the case. Cite your study?

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Johnny DooWop View Post
    That was the question. The individual said nothing about local. Come on guys, lets keep up with the issues.
    Congratulations, you got me there, enjoy the moment.

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