Bill Clinton " Cut the Corporate Tax."

Discussion in 'Economy' started by Maple, Jul 5, 2011.

  1. Maple
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    Maple Senior Member

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    Something I agree with. Bill should call Obama and let him know how to create jobs and also increase revenue to the government because people who work- pay taxes, those that are unemployed don't pay taxes, they collect the revenue from taxes in the form of welfare, unemployment benefits, food stamps, etc.

    What a novel idea and to think that Bill Clinton did not go to Harvard. LOL
    http://www.huffingtonpost.com/2011/07/05/clinton-corporate-tax-rate_n_890166.html

    “We’ve got an uncompetitive rate,” Clinton told a crowd at the Aspen Ideas Festival on Saturday. “We tax at 35 percent of income, although we only take about 23 percent. So we should cut the rate to 25 percent, or whatever’s competitive, and eliminate a lot of the deductions so that we still get a fair amount, and there’s not so much variance in what the corporations pay."
     
    Last edited: Jul 5, 2011
  2. Modbert
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    Modbert Daydream Believer Supporting Member

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    This is the key part of what he said:

    Problem is, they will never get rid of the deductions if they do cut the Corporate Tax.

    Also:

    In fact, as I posted on here previously:

     
  3. Avorysuds
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    Avorysuds Gold Member

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    You mean Obama might have to do more than give a speech where he attacks Republicans then leaves to go play golf or raise money for re-election? To busy campaigning to end wars let alone stop starting them, and people want Obama to look at the tax code?
     
  4. Supposn
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    Supposn Senior Member

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    Maple, I advocate replacing income taxes with a general consumption tax to whatever extent feasible. An intelligently drafted consumption tax is simpler and superior to an intelligently drafted income tax.
    [Our income taxes ain’t all that intelligently drafted and we should strive for equitable tax policy to be reflected within all of our existing and newly enacted taxes].

    Until all individual income taxes are eliminated, corporate taxes should be retained at top rates equal to any retained individuals’ income taxes.

    Our experience of World War Two and the post- war period was an “expense account society”; entrepreneurs and corporate executives showing little individual incomes but living extremely well off their corporate expense accounts.

    Respectfully, Supposn
     

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