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GOP blocks bill that would curb tax breaks for firms moving operations overseas

Thats a horrible example.

Newt Gingrich worked with President Clinton and the result of that was some pretty positive economic and fiscal accomplishments.

Newt Gingrich shut the ****ing government down in order to not work with Clinton. So your ridiculous attempt here to try and give the credit to the republicans for the economy under Clinton is beyond farcical.
 
GOP blocks tax hike on firms moving overseas - US News

Has anyone heard the Republican side of the story?

Yes. They do not believe in closing loopholes for those corporate/person tax dodgers. Today they just stuck to their text-book script that we should lower our corporate tax rates so that these corporate people don't run off. Their answer doesn't even address the bill whatsoever.

I find you partisans to be hilarious. Of course the Republicans weren't going to do anything, and neither would Democrats if a bill to lower corporate taxes came to them. The only way tax reform is going to get done, is in a comprehensive way that does everything at once. All that things like this do is bait people like you all in to getting riled up. And you all are just blind enough to fall for it.
 
Other than the GOP having their lips firmly wrapped around the cocks of businesses? It's possible that there are other things in the bill other than tax hikes on traitorous companies.

that's an interesting take on corporations whose main duty is to make their owners money. If moving the company does that because the US makes doing business too expensive, so be it.
 
Newt Gingrich shut the ****ing government down in order to not work with Clinton. So your ridiculous attempt here to try and give the credit to the republicans for the economy under Clinton is beyond farcical.

Government wasn't shut down for 6 years. After 1996, Gingrich learned his lesson and for the next 4 years we had a pretty prosperous and well run country.
 
I find you partisans to be hilarious. Of course the Republicans weren't going to do anything, and neither would Democrats if a bill to lower corporate taxes came to them. The only way tax reform is going to get done, is in a comprehensive way that does everything at once. All that things like this do is bait people like you all in to getting riled up. And you all are just blind enough to fall for it.

I'll be partisan when the Dems actually become far more liberal. But as it stands I'll stick with facts... like how the Dems have multiple times put forth bills the close corporate tax loopholes only to be thwarted by the gop.
 
Government wasn't shut down for 6 years. After 1996, Gingrich learned his lesson and for the next 4 years we had a pretty prosperous and well run country.

Great. Put up what the GOP did then that made the economy run so well back then. Things that were their ideas under Clinton.
 
I'll be partisan when the Dems actually become far more liberal. But as it stands I'll stick with facts... like how the Dems have multiple times put forth bills the close corporate tax loopholes only to be thwarted by the gop.

The problem is that are doing these things not because they actually want to solve the problem, but to rile up the democratic base. If they really wanted to solve the problem, they'd work with Republicans on a comprehensive solution that lowers the overall tax rate but closes all these loopholes and freebies. And don't think that Republicans don't play the same game: All those times they pass bills to strengthen border security but not touch the larger problem of immigration, is just inviting Democrats to vote it down because that would be getting rid of their only bargaining chip in the hopes of something comprehensive on that issue.
 
Yes. They do not believe in closing loopholes for those corporate/person tax dodgers. Today they just stuck to their text-book script that we should lower our corporate tax rates so that these corporate people don't run off. Their answer doesn't even address the bill whatsoever.
A "proud liberal" speaking on behalf of the GOP?
 
"I'm taking my ball and going home" isn't a particularly engaging political narrative.

maybe you should tell reid that. this is what has killed many bills in the senate his refusal to allow any amendments.
it's his way or the highway.

which is why there are hundreds of bills waiting on a senate vote that he won't allow.
 
So they voted against a good bill because they mean ol harry reid wouldn't let them undermine the intent of the bill?

this is a fallacy we don't know what the amendments to the bill or if it would have undermined anything. you are making a huge assumption about what would have been proposed without any evidence to support which means you don't have an argument.
 
Newt Gingrich shut the ****ing government down in order to not work with Clinton. So your ridiculous attempt here to try and give the credit to the republicans for the economy under Clinton is beyond farcical.

No he shut the government down because clinton wouldn't give up spending increases to close the government deficit.
clinton didn't want to play ball.

actually it was Reagan and bush I that get the credit for the successfullness of the clinton economy.
it was his policies that were established that lead to the ramp up of the technical boom of the 90's.

Obama credits Clinton for the boom times of the ’90s. Is he right? - The Washington Post

clinton raised taxes which started to slow down the economy in the late 1990's until the dotcom bust started leading to a recession on 1999.
 
Great. Put up what the GOP did then that made the economy run so well back then. Things that were their ideas under Clinton.

Two that come immediately to mind are welfare reform and reducing the capital gains tax.
 
this is a fallacy we don't know what the amendments to the bill or if it would have undermined anything. you are making a huge assumption about what would have been proposed without any evidence to support which means you don't have an argument.
I am making the assumption based on the fact republicans are notorious for having their lips firmly planted on the cocks of businesses. The only reason they would want to add amendments to the bill is so they can undermine the intent of the bill.
 
Newt Gingrich shut the ****ing government down in order to not work with Clinton. So your ridiculous attempt here to try and give the credit to the republicans for the economy under Clinton is beyond farcical.


Lol ! You're raving over Gingrich ?

You Libs brag about Clintons " surplus " but completely ignore the Republican Congress that made it happen.

The truth is there was allot of co-operation between the Republicans and Democrats back then and your Gingrich obsession doesn't change that.
 
that's an interesting take on corporations whose main duty is to make their owners money.If moving the company does that because the US makes doing business too expensive, so be it.
Then such companies should get no tax breaks while the ones that stay should get tax breaks.
 
I am making the assumption based on the fact republicans are notorious for having their lips firmly planted on the cocks of businesses. The only reason they would want to add amendments to the bill is so they can undermine the intent of the bill.
ok so you have no argument to man instead are just making unfoundational assumption with no proof.

have a nice day.
 
actually it was Reagan and bush I that get the credit for the successfullness of the clinton economy.
it was his policies that were established that lead to the ramp up of the technical boom of the 90's.


The economy doesn't rise or dip because of who is in the white house. The credit for the hot economy during the 1990's goes to the internet.
 
They are. However, the bill is designed to end tax breaks that apply when a company moves jobs overseas -- e.g. write-offs for relocating a factory.

A tiny bit more info:

Senate Republicans block bill to end tax breaks for outsourcing | TheHill


Sens. John Walsh (D-Mont.) and Debbie Stabenow (D-Mich.) introduced the bill, which would give companies incentives to bring jobs back to the United States, including a tax write-off for the relocating costs and an additional 20 percent credit.

...

Republicans argue that if Democrats truly wanted to keep companies in the United States, they would work with Republicans to overhaul the tax code and reduce corporate tax rates.

it sounds like the repubs voted against tax cuts for businesses because they wanted to give tax cuts to businesses

Just another day in DC
 
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Why should a story have sides? There's only facts. Facts don't have sides, don't have allegiance. It's silly to think that stories have two sides. They only have one, the truth.

The fact is for liberals this is all about how much money they can extract from the private sector to spend on social programs which aren't the Federal Govt. responsibility. It is never about how the money is wasted or how much fraud and abuse, just how much more we can extract from the people and businesses that create it.

What is it about liberalism that creates this big govt. mentality in light of the 17.6 trillion dollar debt we have, 7 trillion added since Obama took office? Doesn't the 250 billion in debt service, the fourth largest budget item, both you are all?
 
The economy doesn't rise or dip because of who is in the white house. The credit for the hot economy during the 1990's goes to the internet.

Actually the credit for the economy in this country will always go to the private sector, in Europe it is all about govt. spending. Obama's transformation of this country into the European socialist economy is what we are seeing today with the very poor economic results.
 
Actually the credit for the economy in this country will always go to the private sector, in Europe it is all about govt. spending. Obama's transformation of this country into the European socialist economy is what we are seeing today with the very poor economic results.

Sure. The specific impetus in the 90's was the internet which, of course, is part of the private sector.
 
Other than the GOP having their lips firmly wrapped around the cocks of businesses? It's possible that there are other things in the bill other than tax hikes on traitorous companies.

that's an interesting take on corporations whose main duty is to make their owners money. If moving the company does that because the US makes doing business too expensive, so be it.

I suppose that's fair enough TurtleDude, but should we really be greasing the skids by defraying the costs of leaving the country?
 
Perhaps Im am naive but why do we really need to complicate our tax code by allowing deductions to begin with? All businesses have expenses and that is an expected part of having a business. It just seems that deductions are a means for businesses who better understand tax law to have a better advantage. Would it not make as much sense in the end to either remove deductions completely or even remove business taxes altogether and have the tax only applied to an individuals income from said business?

Perhaps someone could explain to me the advantages of having corporate taxes and/or business deductions.

Tax deductions are a way to incentivize investments. Most are only used as cost-savings, but the idea behind such tax breaks is for entrepreneurs/small business owners/corporations to be able to put more money back into their businesses for growth and development. Of course, the debate is do business owners large and small really use tax breaks that way OR do they just pocket the cost-savings from the tax write-off?
 
Other than the GOP having their lips firmly wrapped around the cocks of businesses? It's possible that there are other things in the bill other than tax hikes on traitorous companies.


Read it....seems rather straight-forward to me. US companies which have established business operations overseas establish their business back in the U.S. In so doing, they receive tax credits for everything from licensing and permit fees, equipment installation cost, and other similar expenses as authorized by the TreaSec. (Sec 2, [Sec 45S(b)(2), as amended]) Perhaps the GOP doesn't think those credits apply deeply enough to other business-related expenses. Maybe construction cost should be added. Of course, why would they when all the corporation's Board of Directors would have to do is approve a commercial bond issuance to raise such capital.

On the other side, you have Sec 3 of the bill, "Denial of Deductions for Outsourcing Expenses," which essentially says "you don't get a tax break for any expenses incurred for having outsourced your company in the first place. You already go that tax break under the "outsourcing" tax break the fed gave you years ago". Maybe that's a bigger bone of contention from the GOP in an effort to placate Corporate America. Who knows...just have to stay tuned to C-SPAN for the latest and greatest Senate floor scuffles and hear what they're really saying.
 
ok so you have no argument to man instead are just making unfoundational assumption with no proof.

have a nice day.

How is it unfounded? When have the republicans ever tried to crack down on outsourcing?
 
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