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Thread: Panel Chairmen Recommend Cutting Federal Spending by $200 Billion

  1. #141
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    Re: Panel Chairmen Recommend Cutting Federal Spending by $200 Billion

    Quote Originally Posted by UtahBill View Post
    I would rather stimulate the economy locally, thanks....
    Good for you, so do I, you do realize we are talking Federal Income taxes? What you do with your money is your business which seems to be a concern of many liberals who may not think you spend your money wisely and that is the issue. It is none of their business!

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    Re: Panel Chairmen Recommend Cutting Federal Spending by $200 Billion

    Quote Originally Posted by Conservative View Post
    Not much because no one knows what the tax rates will be after the first of the year, how much Obamacare will cost. Why would any business spend money now on hiring or expansion? What do you do with extra money?
    let's examine your answer for its absence of any common sense

    you would say that investors are not going to earn a profit because they might have to pay a larger portion of that profit as taxes
    in your world, they would instead prefer to earn zero profit to avoid the higher taxes

    that makes no sense

    try again
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

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    Re: Panel Chairmen Recommend Cutting Federal Spending by $200 Billion

    Quote Originally Posted by Conservative View Post
    Not much
    My point exactly.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Panel Chairmen Recommend Cutting Federal Spending by $200 Billion

    Quote Originally Posted by justabubba View Post
    let's examine your answer for its absence of any common sense

    you would say that investors are not going to earn a profit because they might have to pay a larger portion of that profit as taxes
    in your world, they would instead prefer to earn zero profit to avoid the higher taxes

    that makes no sense

    try again
    No, what is going to happen is business is going to pay the higher taxes but do that in lower tax states. Caterpillar just moved two new divisions to TX out of Illinois. What does that do to the state revenue?

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    Re: Panel Chairmen Recommend Cutting Federal Spending by $200 Billion

    Quote Originally Posted by Goldenboy219 View Post
    My point exactly.
    Yet you cut off the rest of the post.

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    Re: Panel Chairmen Recommend Cutting Federal Spending by $200 Billion

    Quote Originally Posted by Conservative View Post
    I don't disagree however the number bailed out is a very small percentage of the population. I don't support bailouts for personal responsibility failures.
    do you believe the amount spent on the bail out was a very small number

    if not, then we must recognize that a very large anmount of taxpayer money was spent bailing out a very few rich individuals

    how much sense does that make
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

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    Re: Panel Chairmen Recommend Cutting Federal Spending by $200 Billion

    Quote Originally Posted by Conservative View Post
    Yet you cut off the rest of the post.
    I already listened to the Glen Beck show this morning. We're all full here (of talking points).

    Do you know what is going to increase (price wise) at around 10% regardless of your position of Obamacare/taxes?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Panel Chairmen Recommend Cutting Federal Spending by $200 Billion

    Quote Originally Posted by justabubba View Post
    do you believe the amount spent on the bail out was a very small number

    if not, then we must recognize that a very large anmount of taxpayer money was spent bailing out a very few rich individuals

    how much sense does that make
    I didn't support TARP but I do understand that most of it was paid back with interest. Where did the payback go? In a 14.5 trillion dollar economy 700 billion isn't a lot and that is the way one has to look at it. Again, I didn't support the bailout but understand why it happened but as stated question where the repayment money went?

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    Re: Panel Chairmen Recommend Cutting Federal Spending by $200 Billion

    Quote Originally Posted by Conservative View Post
    No, what is going to happen is business is going to pay the higher taxes but do that in lower tax states. Caterpillar just moved two new divisions to TX out of Illinois. What does that do to the state revenue?
    it is also going to move jobs to china to avoid a 30% excise tax
    not unlike the japanese and german automakers who brought plants to the USA a generation back

    but the point is, your reasoning makes no financial sense

    you insist that the lack of definition of tax rates is holding investors back from spending
    that is absolutely nonsense
    if they fail to invest then they realize No profit to be taxed
    how is No profit better than a profit that is more heavily taxed than it was

    your conclusion should now be that your assumption is wrong and there is something else causing investors to hold on to their money instead of investing it ... uncertainty about tax rates is not the cause of that failure to invest
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

  10. #150
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    Re: Panel Chairmen Recommend Cutting Federal Spending by $200 Billion

    Quote Originally Posted by Goldenboy219 View Post
    I already listened to the Glen Beck show this morning. We're all full here (of talking points).

    Do you know what is going to increase (price wise) at around 10% regardless of your position of Obamacare/taxes?
    Do you own and run a business? If not then you are in no position to tell what others to do and you have no idea what the cost will be and that is the point, uncertainty. You know there is going to be a fine, how much?

    By the way, I didn't listen to Beck today so tell me what he said. Could it be that we have the same ideas on how to run a business? I actually ran one, did you?

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