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Obama to propose 'grand bargain' on corporate tax rate, infrastructure

washunut said:
Let's also remember that Obama is proposing a reduction in rates, not revenues which he expects to increase. He will do this by eliminating deductions. Sen. Reid would not even consider a corporate tax package that was revenue NEUTRAL.
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Harry Reid is still sitting on dozens of House passed bills yet the Republican House is called Obstructionist. Amazing how brainwashed Obama supporters are
 
wbcoleman said:
It is another tax increase. What else does anyone need to know?
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It's Boehner once again sucking Obama's pecker. What else is new with that spineless weasel.
 
Conservative said:
Provide incentive, do you understand the word and definition? You think Obamacare and higher taxes is incentive for a private business owner who cannot print money to create jobs and grow their business? Try responding to what I posted rather than diverting as usual.
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Oh wait so promoting and providing incentive arent the same? I think im following the line here: "anything and everything Obama does is wrong, even if its in the Republican parties agenda"
 
TheDemSocialist said:
Oh wait so promoting and providing incentive arent the same? I think im following the line here: "anything and everything Obama does is wrong, even if its in the Republican parties agenda"
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What has Obama done to promote private sector hiring? You think this proposal promotes hiring by doing nothing to lower corporate tax rates? Everything Obama has done has been wrong so what is your point? The economic numbers don't lie but liberals do
 
Conservative said:
What has Obama done to promote private sector hiring? You think this proposal promotes hiring by doing nothing to lower corporate tax rates? Everything Obama has done has been wrong so what is your point? The economic numbers don't lie but liberals do
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Wait so you dont support lower corporate tax rates?
 
TheDemSocialist said:
Wait so you dont support lower corporate tax rates?
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Of course I do, is that what Obama proposed, no strings attached? You think it is the government's role to "invest" in creating more jobs like Solyndra?
 
TheDemSocialist said:
Uhh... How in the hell is this a "tax increase". This is a huge tax cut for the corporate shrills, the right should be loudly supporting this.
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Because it cuts deductions. Obama has already said that it will create more revenue.
 
apdst said:
This is a rate cut for the top bracket. It won't effect small business.
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It also seeks to collect taxes on "cash" held outside of the US even if it's not repatriated...
 
washunut said:
Let's also remember that Obama is proposing a reduction in rates, not revenues which he expects to increase. He will do this by eliminating deductions. Sen. Reid would not even consider a corporate tax package that was revenue NEUTRAL.
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Eliminating deductions is stupid. Why is it so hard for people to see that?
 
Ikari said:
Ahhh, mega tax cuts for the super rich corporations. Standard fare
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You might want to understand the proposal before heaping your criticism. I don't agree with it, but at least I'm not just making ASSumptions...
 
AlabamaPaul said:
You might want to understand the proposal before heaping your criticism. I don't agree with it, but at least I'm not just making ASSumptions...
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Cutting tax rates for corporations in an ultimately failed effort to jump start job creation, which won't happen cause the corporations will just take that money to the bank...likely an offshore bank. So besides not so subtle personal insults, you got anything else?
 
Ikari said:
Cutting tax rates for corporations in an ultimately failed effort to jump start job creation, which won't happen cause the corporations will just take that money to the bank...likely an offshore bank. So besides not so subtle personal insults, you got anything else?
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The proposal seeks to collect taxes on the funds being held offshore. So, as stated, you might want to understand it before ASSuming you know what it contains...
 
AlabamaPaul said:
The proposal seeks to collect taxes on the funds being held offshore. So, as stated, you might want to understand it before ASSuming you know what it contains...
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Yeah....so collecting taxes held in territories we don't control...how's that going to work again?

And again, nothing but poorly veiled personal insults. Do you have anything else to contribute, or is this just a complete waste of time and space as with the majority of your posts?
 
AlabamaPaul said:
It also seeks to collect taxes on "cash" held outside of the US even if it's not repatriated...
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I!s just more government greed.

As if Obama's going to support a bill that means less taxes.
 
Ikari said:
Yeah....so collecting taxes held in territories we don't control...how's that going to work again?

And again, nothing but poorly veiled personal insults. Do you have anything else to contribute, or is this just a complete waste of time and space as with the majority of your posts?
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How does collecting taxes work now? My insults were not veiled; they were direct...
 
A fairly reasonable proposition, although I would prefer to scrap the preferential treatment for manufacturing and lower the effective rate further still.
 
AlabamaPaul said:
How does collecting taxes work now? My insults were not veiled; they were direct...
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In the US they are deducted from payrolls and other reporting through IRS and SS services. Of course that's just for the money we know about. Money funneled to offshore accounts we don't know about. Nor do we have any jurisdiction through which we can find out about it. We're not going to lead a surprise raid on the Cayman Islands, or even could.

So I ask again, how exactly is it going to work? You want to insult people about making comments, but you don't want to back up anything. So how are you going to extract money from foreign lands we have no jurisdiction over?
 
“So excuse us, Mr. President, for our lack of enthusiasm for your new jobs program. Here in Chattanooga we’re still reeling from your old one.” My favorite pull quote from Hotair.

People who talk about tax rates are wasting their time unless they include tax policy. Obama never gives enough detail in his proposals to analyze them. No one knows at this point what the impact of his new proposal is. I know at this point, what he's done with respect to taxes has hurt the economy, slowed the recovery, and discouraged employment.

As far as I'm concerned, any change to tax policy that doesn't scrap the entire system and start over isn't bold and doesn't go far enough to restore fairness and increase efficiency.
 
AlabamaPaul said:
It also seeks to collect taxes on "cash" held outside of the US even if it's not repatriated...
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Wasn't something similar to this tried in Cyprus recently? Didn't go over too well, as I recall. :shock:
 
Ikari said:
In the US they are deducted from payrolls and other reporting through IRS and SS services. Of course that's just for the money we know about. Money funneled to offshore accounts we don't know about. Nor do we have any jurisdiction through which we can find out about it. We're not going to lead a surprise raid on the Cayman Islands, or even could.

So I ask again, how exactly is it going to work? You want to insult people about making comments, but you don't want to back up anything. So how are you going to extract money from foreign lands we have no jurisdiction over?
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The "money" you are worried about is disclosed on corporate balance sheets. Why do you think Apple decided to issue bonds to pay its dividend rather than using its cash? Because it was cheaper to do so than repatriating the cash...
 
Why is anybody surprised that a politician would propose a tax increase?
 
polgara said:
Wasn't something similar to this tried in Cyprus recently? Didn't go over too well, as I recall. :shock:
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Actually Cyprus decided to tax funds held in its country by foreign companies...
 
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