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Paul Ryan represents the tight wad,fiscal hawk side of the right.

Haha, no. That doesn't happen. The goal of a corporation is not to reduce prices, it's to maximize profits. Tax savings go to the bottom line directly.



Corporations don't hire based on tax cuts. They hire based on the need for employees. Any corporation that needs employees will hire regardless of taxes. Any corporation that doesn't need employees but hires them anyway with tax savings will be looking for new executive management in the near future.

What corporations have learned in the past few years is that employees (when faced with a bad job market) will work longer and harder for the "privilege" to have a job.



While tax breaks *might* provide enough capital for expansion, no expansion will occur without demand for goods and services.



The Capital Gains tax is a progressive (as opposed to regressive) tax break. This means that it benefits people of higher income more than those of lower incomes. While we all benefit directly from LTCG tax rates, most of us are not able to derive our income almost exclusively from capital gains like many of of the nation's wealthiest.

foolishness ^^^^^^^^^^^^^^^^class envy^^^^^^^^^^^^^^jealousy^^^^^^^^^^^marxism
 
Exactly, I have posted that video as well only to be ignored by the Obamabots here who still buy the rhetoric and ignore substance.

I can only watch the Erskine Bowles video as the other one will not load. This may come as a new concept to some, not everyone needs to walk in lock step. I don't need Bowles or Obama to tell me what my stances are on the budget or the tax code. I have my own, educated opinions on the subject. I look at Ryan's budget and I disagree with his underlying philosophy. As such, I will not vote for him. If Obama's budget is more palatable to me, I would rather vote for the lesser of the two-evils.
 
foolishness ^^^^^^^^^^^^^^^^class envy^^^^^^^^^^^^^^jealousy^^^^^^^^^^^marxism

In other words, Economics 101. Perhaps if more people studied the the science of economics, and were involved corporate america's decision-making processes, they would be able to form more educated opinions.
 
I can only watch the Erskine Bowles video as the other one will not load. This may come as a new concept to some, not everyone needs to walk in lock step. I don't need Bowles or Obama to tell me what my stances are on the budget or the tax code. I have my own, educated opinions on the subject. I look at Ryan's budget and I disagree with his underlying philosophy. As such, I will not vote for him. If Obama's budget is more palatable to me, I would rather vote for the lesser of the two-evils.


So what is in Obama's budget?
 
Sorry, there was no budget surplus during the Clinton term but liberals love to spout the lie perpetuated by the ignorance of the budget process. What is it about liberalism that creates this kind of loyalty? If there was a budget surplus there wouldn't be a deficit each year nor a debt increase. Liberals cannot explain how there can be a surplus and deficit and debt increase. The answer is simple, there wasn't one.

FactCheck.org : The Budget and Deficit Under Clinton

My loyalties are to facts.
 
In other words, Economics 101. Perhaps if more people studied the the science of economics, and were involved corporate america's decision-making processes, they would be able to form more educated opinions.

don't attempt to lecture me about economics and corporate decision making. I have an MBA from the liberal institution known as Harvard. I spent 40 years in corporate decsioin making. I am quite sure that my knowledge of economics and corporate finance exceeds yours by several light years.

its best to limit yourself to topics that you know something about, that way you do not look quite so foolish.
 
So what is in Obama's budget?

To name a few things on which I agree with Obama and disagree with Romney

(1) Conservation of the Affordable Care Act under Obama
(2) Obama has provided greater tax cuts for small business, whereas the Ryan plan provides greater tax breaks for big businesses (including exemption of foreign-earned revenue from taxation)
(3) Obama has and will continue to increase government assistance for education (scholarships, financial aid, school funding), whereas Ryan's plan wants to cut that
(4) Preservation of Medicare by Obama whereas Ryan wants to change it to a voucher system providing less benefit and poorer coverage.
(5) Ryan wants to reform tort law to limit damages paid to people who are victims of medical malpractice, Obama does not.

Etc.
 
don't attempt to lecture me about economics and corporate decision making. I have an MBA from the liberal institution known as Harvard. I spent 40 years in corporate decsioin making. I am quite sure that my knowledge of economics and corporate finance exceeds yours by several light years.

its best to limit yourself to topics that you know something about, that way you do not look quite so foolish.


Wow! Smack down. :cool:
 
don't attempt to lecture me about economics and corporate decision making. I have an MBA from the liberal institution known as Harvard. I spent 40 years in corporate decsioin making. I am quite sure that my knowledge of economics and corporate finance exceeds yours by several light years.

its best to limit yourself to topics that you know something about, that way you do not look quite so foolish.

I don't buy your back story, sorry. I wonder what esteemed company employed a decision-maker who wanted to hire people because of a tax cut in the absence of additional demand.

I think you forget that our corporate taxes are the lowest they've been in decades, and some of the lowest among the industrialized nations. Somehow, following your philosophy of "tax breaks cure all", we are still having employment problems. And somehow, the grand idea of the right is to up the ante on a tax ideology that is currently not working. GENIUS!
 
To name a few things on which I agree with Obama and disagree with Romney

(1) Conservation of the Affordable Care Act under Obama
(2) Obama has provided greater tax cuts for small business, whereas the Ryan plan provides greater tax breaks for big businesses (including exemption of foreign-earned revenue from taxation)
(3) Obama has and will continue to increase government assistance for education (scholarships, financial aid, school funding), whereas Ryan's plan wants to cut that
(4) Preservation of Medicare by Obama whereas Ryan wants to change it to a voucher system providing less benefit and poorer coverage.
(5) Ryan wants to reform tort law to limit damages paid to people who are victims of medical malpractice, Obama does not.

Etc.


Why then hasn't the Senate brought Obama's budget to the floor for a vote?

Can't say there's much, in you list, that I think are much more than spend and spend.
 
I don't buy your back story, sorry. I wonder what esteemed company employed a decision-maker who wanted to hire people because of a tax cut in the absence of additional demand.

I think you forget that our corporate taxes are the lowest they've been in decades, and some of the lowest among the industrialized nations. Somehow, following your philosophy of "tax breaks cure all", we are still having employment problems. And somehow, the grand idea of the right is to up the ante on a tax ideology that is currently not working. GENIUS!

the current US corporate tax rate of 35% is the highest in the world. Japan was higher but they lowered theirs last year.

and I really don't care if you believe my history or not, what I said is true.
 
To name a few things on which I agree with Obama and disagree with Romney

(1) Conservation of the Affordable Care Act under Obama
(2) Obama has provided greater tax cuts for small business, whereas the Ryan plan provides greater tax breaks for big businesses (including exemption of foreign-earned revenue from taxation)
(3) Obama has and will continue to increase government assistance for education (scholarships, financial aid, school funding), whereas Ryan's plan wants to cut that
(4) Preservation of Medicare by Obama whereas Ryan wants to change it to a voucher system providing less benefit and poorer coverage.
(5) Ryan wants to reform tort law to limit damages paid to people who are victims of medical malpractice, Obama does not.

Etc.

Obamacare will increase the premiums of those small businesses, effectively a tax. Obamacare also took $700B from Medicare, so much for preserving it.
 
I don't buy your back story, sorry. I wonder what esteemed company employed a decision-maker who wanted to hire people because of a tax cut in the absence of additional demand.

I think you forget that our corporate taxes are the lowest they've been in decades, and some of the lowest among the industrialized nations. Somehow, following your philosophy of "tax breaks cure all", we are still having employment problems. And somehow, the grand idea of the right is to up the ante on a tax ideology that is currently not working. GENIUS!

By the way, I am an MBA myself, as well as a licensed CPA with several decades of experience auditing and managing both private companies and governmental agencies. I have some idea of what I am talking about, but I'd rather not play the "I am more educated than you" game or I'll have to whip out the London School of Economics study that states that those who identify as liberals tend to be smarter than conservatives.

Study: Are Liberals Smarter Than Conservatives? - TIME
 
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don't attempt to lecture me about economics and corporate decision making. I have an MBA from the liberal institution known as Harvard. I spent 40 years in corporate decsioin making. I am quite sure that my knowledge of economics and corporate finance exceeds yours by several light years.

Yeah, I'm sure that's true. Now I have to go feed my winged unicorn and turn some lead into gold.
 
the current US corporate tax rate of 35% is the highest in the world. Japan was higher but they lowered theirs last year.

and I really don't care if you believe my history or not, what I said is true.

Unfortunately, that's misleading. First of all, as an MBA with loads of experience, you should be aware that the stated tax rate and the "effective" tax rate differ greatly, and the latter is the rate that should be considered in any argument of appropriate tax burden. Also keep in mind that the US does not require that it's companies pay VAT

We also provide subsides for corporations which are in great financial health, so there's that as well ;)
 
By the way, I am an MBA myself, as well as a licensed CPA with several decades of experience auditing and managing both private companies and governmental agencies. I have some idea of what I am talking about, but I'd rather not play the "I am more educated than you" game or I'll have to whip out the London School of Economics study that states that identify as liberals tend to be smarter than conservatives.

Study: Are Liberals Smarter Than Conservatives? - TIME

You believe in junk like that. No wonder you think Clinton had a surplus.
 
Obamacare will increase the premiums of those small businesses, effectively a tax. Obamacare also took $700B from Medicare, so much for preserving it.

Unless they made a contribution to his campaign... If so, then they get a waiver.

That's Hope & Change "Chicago" style.
 
I'm off for a bit. Good discussions! Thanks :)
 
Obamacare will increase the premiums of those small businesses, effectively a tax.

No, it will actually reduce premiums by giving them access to health care exchanges. OTOH, some businesses will have to either start providing health insurance or will be subject to a fine, so they will pay more.
 
I can only watch the Erskine Bowles video as the other one will not load. This may come as a new concept to some, not everyone needs to walk in lock step. I don't need Bowles or Obama to tell me what my stances are on the budget or the tax code. I have my own, educated opinions on the subject. I look at Ryan's budget and I disagree with his underlying philosophy. As such, I will not vote for him. If Obama's budget is more palatable to me, I would rather vote for the lesser of the two-evils.

It is fine to disagree but not to ignore the record that Obama has generated nor the record of progressives around the world. It is time for adults to make tough choices and those tough choices will never be made by progressives. We have a 16 trillion dollar debt and raising the taxes on the top 1% isn't going to lower that debt or put 13 plus million back to work. The Obama budget didn't get a single vote in Congress, not even his own party. You want to debate the Ryan budget, great, tell me what in that budget you disagree with?
 

The facts don't support your position because you don't understand the budget at all. There are two aspects of the debt, public debt and intergovt. holdings. Please explain to me how there was a surplus and no reduction in the debt? Try to get real facts instead of selective facts. There was a public debt surplus as money was taken from intergovt. holdings, SS and Medicare, leaving that with a deficit thus causing the total deficit to rise.
 
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