Hey Corporate America You Ready for Democrats Increasing Your Taxes Big-time!

Discussion in 'Politics' started by JimofPennsylvan, Apr 2, 2010.

  1. JimofPennsylvan
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    JimofPennsylvan VIP Member

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    There has been some talk of late that the way Democrats are going to pay for their big spending is to create a national sales tax. The rationale is that increasing taxes on wealthy Americans won’t generate enough revenue to plug the gigantic deficits the Democrats are creating. This is definitely a possibility. But the option that makes more sense and has a more compelling rationale behind it is that the Democrats will increase taxes on businesses including the corporate income tax to achieve this goal. The reason being is obviously the Democrats are going to have to act on this matter the trillion, three-quarters of a trillion dollar yearly budget deficits projected are not sustainable neither economically, the increase in interest rates and the sucking of capital away from private industry, nor politically – Americans will not accept the generational theft that is going on. Democrats are smart they know a national sales tax will have a backlash from voters they will be mad that every time they purchase a needed item for their home or a car they are getting bitten by a national sales tax and Democrats will want to avoid this voter anger at great cost. They will recognize increasing corporate taxes will be much more palatable; when the government increases corporate taxes who do they get mad corporate executives and wealthy owners of corporations both groups Democrats have and will be making mad already with recently enacted increase in Medicare taxes on these groups and the certainly coming down the pike capital gains tax increase which Democrats see as low hanging fruit.

    Corporate America should look closely at the character of the Democrats and they will see the likelihood of this scenario. Look how they behaved against critics of their health care reform law, critics were described as people who side with big insurance companies and defenders of their big profits. They ignore the fact that these critics have “right on point” fears that this law’s subsidy program to help low and middle class families buy health insurance is going to blow a giant hole in the federal budget when one considers that health insurance costs are gong up much higher than projected because of the laws insurance mandates and all the current small and middle size business workers that will run to join this program because it offers a much better deal than their employment health insurance arrangement offers. Democrats could make a compelling selling job for increasing the corporate income tax from thirty-five percent to thirty-nine and a half percent. They could say the top individual income tax bracket is 39.5 % why not do the same for corporations? Corporate profits are so large and they make this profits largely off the backs of ordinary Americans why not recoup some of this profits for the American people. Corporate America executives with their millions of dollars a year compensation packages make too much money and increasing corporate taxes will create pressure to lower these excessive salaries, etc..

    To a critical mass of ordinary, common sense and wise Americans the Democrat Leadership in Washington has been tested as “financial stewards” for the American people and have been found to have failed, it is crystal clear they have failed and it is time for them to go. These Democrats track record speaks loud and clear on the matter, a $787 billion economic stimulus bill that is loaded with social spending and does not achieve the top priority of a stimulus bill satisfy the business community who control employment, a 2009 budget that increases Federal spending 9% and a 2010 budget that increases spending 10% and passing a health care law that throws “high concerns about costs” in the trash can. If Corporate America is smart they will help the American people give liberal Democrats what they deserve in this year’s Congressional elections a “kick out the door”.
     
  2. Truthmatters
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    Truthmatters BANNED

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  3. Claudette
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    Claudette Gold Member

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    Its not only going to be corporate America. Its going to be all taxpayers.
     
  4. Xenophon
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    Xenophon Gone and forgotten

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    Raising taxes in times of recession and high unemployment are always good ideas.

    If you are an idiot.
     
  5. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    No, more like "hey, average Joe, you ready to see the price of EVERYTHING go WAAAAYYYY up" to cover the massive tax increases that will be built into prices?

    Corporations pay no taxes, it gets passed on in the prices of goods. Econ 101 Bucko.
     
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  6. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    And way off topic.. .MICROSOFT TECH SUPPORT SUCKS!!!
     
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  7. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Guess what?!?!?! ObamaCare is going to hire MicroSoft to set up the system for computer and telephone based health care support!
     
  8. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    Seriously... I am a CPA/Software Analyst who supports mid-level MS financial software.... MS is the DMV of software companies.
     
  9. sealybobo
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    sealybobo Diamond Member

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    Hey Corporate America, remember what the GOP did to the GLOBAL ECONOMY?

    Remember even you guys were worried about your jobs and your companies and your stocks and home values because of GOP rule?

    Republicans way of thinking is like this. They think they should get 70 percent of the vote because unemployment is at 30%. Its true. They argue that the Republican party represents both the working class and the rich. Insane.
     
  10. sealybobo
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    sealybobo Diamond Member

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    Even your jobs are going to India. Or India is coming here for your job.
     

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