Obama wants lower corporate tax rates

[Peach]

Funny how conservative Obama tries to be during election year:

Obama corporate taxes: He would slash 'dozens' of tax breaks - Feb. 22, 2012

The main proposal for reform would slash the corporate tax rate to 28% from 35% and pay for the reduction by eliminating "dozens" of business tax breaks. There are currently more than 130 on the books.

The Obama administration's plan is in sync with Republicans in terms of wanting to lower the top rate. But Republicans want to lower the corporate rate even further to 25%.

There are also many other differences between their plans, and with Congress stuck in election-year gridlock, the odds of passage of any corporate tax reform plan this year are long.

Obama is admitting that conservatives are right, lower taxes is better for the economy.

That's just liberal lip service. He may speak in favor of lowering taxes but he'll sign all the tax hikes that reach his desk. He likes to play good guy/bad guy.

No funnier than how formerly rational people move to the right of Mussolini in the Republican primaries.

 

[whitehall]

The devil is in the details. Buying a bill from Obama is like buying a hunk of junk used car from a fast talking salesman in a crooked town. When the smoke clears you will be walking to work.

 

[Oddball]

No funnier than how formerly rational people move to the right of Mussolini in the Republican primaries.

Mussolini was a HUGE hero to the socialist progressive left in the 1930s, fool.

 

[LordBrownTrout]

I bet the Dems hold this up , and blame the GOP.

It's a total bait-and-switch...He's going to triple the dividend tax.

You knew it was coming. I heard his plan yesterday to lower corporate taxes and immediately the red flags started flying.

 

[Conservative]

The Obamessiah giveth, and the Obamessiah taketh away.

 

[driveby]

It's a hoax .......

 

[driveby]

"President Obama's 2013 budget is the gift that keeps on giving—to government. One buried surprise is his proposal to triple the tax rate on corporate dividends, which believe it or not is higher than in his previous budgets.

Mr. Obama is proposing to raise the dividend tax rate to the higher personal income tax rate of 39.6% that will kick in next year. Add in the planned phase-out of deductions and exemptions, and the rate hits 41%. Then add the 3.8% investment tax surcharge in ObamaCare, and the new dividend tax rate in 2013 would be 44.8%—nearly three times today's 15% rate.

Keep in mind that dividends are paid to shareholders only after the corporation pays taxes on its profits. So assuming a maximum 35% corporate tax rate and a 44.8% dividend tax, the total tax on corporate earnings passed through as dividends would be 64.1%."


Review & Outlook: Obama's Dividend Assault - WSJ.com

 

[alan1]

Funny how conservative Obama tries to be during election year:

Obama corporate taxes: He would slash 'dozens' of tax breaks - Feb. 22, 2012

The main proposal for reform would slash the corporate tax rate to 28% from 35% and pay for the reduction by eliminating "dozens" of business tax breaks. There are currently more than 130 on the books.

The Obama administration's plan is in sync with Republicans in terms of wanting to lower the top rate. But Republicans want to lower the corporate rate even further to 25%.

There are also many other differences between their plans, and with Congress stuck in election-year gridlock, the odds of passage of any corporate tax reform plan this year are long.

Obama is admitting that conservatives are right, lower taxes is better for the economy.

So far, he hasn't admitted that lowing the personal income tax rate is a good thing.
He's a slow learner and at his rate, cutting federal spending won't be realized.

 

[Quantum Windbag]

I say we call him on it and call for it to come down to 15%.

I think we should eliminate corporate income tax completely.

 

[Quantum Windbag]

Funny how conservative Obama tries to be during election year

He's not trying to be conservative. He's trying to walk a centrist path. Obama has repeatedly proposed centrist solutions to issues. But the partisans in Congress keep stomping their feet.

I guess someone who thinks socialism is a viable economic option would think Obama is a centrist, but I don't see a tax code that heavily increase the tax burden on manufacturers is a centrist position, especially if your goal is to increase the manufacturing base in the US.

 

[Wiseacre]

Funny how conservative Obama tries to be during election year

He's not trying to be conservative. He's trying to walk a centrist path. Obama has repeatedly proposed centrist solutions to issues. But the partisans in Congress keep stomping their feet.

I guess someone who thinks socialism is a viable economic option would think Obama is a centrist, but I don't see a tax code that heavily increase the tax burden on manufacturers is a centrist position, especially if your goal is to increase the manufacturing base in the US.

As I understand it, Obama's plan will actually increase business taxes by $250 billion, that ain't what I'd call conservative.

 

[Baruch Menachem]

Funny how conservative Obama tries to be during election year:

Obama corporate taxes: He would slash 'dozens' of tax breaks - Feb. 22, 2012

The main proposal for reform would slash the corporate tax rate to 28% from 35% and pay for the reduction by eliminating "dozens" of business tax breaks. There are currently more than 130 on the books.

The Obama administration's plan is in sync with Republicans in terms of wanting to lower the top rate. But Republicans want to lower the corporate rate even further to 25%.

There are also many other differences between their plans, and with Congress stuck in election-year gridlock, the odds of passage of any corporate tax reform plan this year are long.

Obama is admitting that conservatives are right, lower taxes is better for the economy.

Fairly typical Obama bait and switch. He gets to portray the Republicans as extremists, nothing useful is done but he gets to bloviate about how Republican intransigence is causing problems while the Senate sits there with their thumb up their asses.

Meanwhile, the US rate sits at the high end of the tax rate chart and we loose taxes to lower tax countries as companies emigrate to better tax regime countries.

Sometimes folks compare him to Mussolini, sometimes to Kim, sometimes to Carter. Now he is losing in comparison to Nero as he lets it all burn down as he makes responsibility and good sense wait upon his ego and his vanity.

 

[CrusaderFrank]

I thought high taxes were the key to Progressive prosperity?

Why isn't he proposing a 90% rate?

 

[Chris]

I wondered how the righties would spin this negative.

Lowering tax rates and eliminating loopholes is a good thing to do.

 

[Quantum Windbag]

I wondered how the righties would spin this negative.

Lowering tax rates and eliminating loopholes is a good thing to do.

I had no doubt how mindless idiots would spin this. Creating more loopholes while pretending to eliminate loopholes is a bad thing.

 

[Billy000]

Funny how conservative Obama tries to be during election year:

Obama corporate taxes: He would slash 'dozens' of tax breaks - Feb. 22, 2012

The main proposal for reform would slash the corporate tax rate to 28% from 35% and pay for the reduction by eliminating "dozens" of business tax breaks. There are currently more than 130 on the books.

The Obama administration's plan is in sync with Republicans in terms of wanting to lower the top rate. But Republicans want to lower the corporate rate even further to 25%.

There are also many other differences between their plans, and with Congress stuck in election-year gridlock, the odds of passage of any corporate tax reform plan this year are long.

Obama is admitting that conservatives are right, lower taxes is better for the economy.

It's a concern on both sides of the aisle that tax loopholes are detrimental.

Did he do it for political reasons? Probably, but it's a smarter plan than simply lowering the rate and ignoring the problematic tax code.

 

[FA_Q2]

What about the contention that he is proposing the exact opposite in his budget? Is that false?

 

[Steelplate]

Funny how conservative Obama tries to be during election year:

Obama corporate taxes: He would slash 'dozens' of tax breaks - Feb. 22, 2012

The main proposal for reform would slash the corporate tax rate to 28% from 35% and pay for the reduction by eliminating "dozens" of business tax breaks. There are currently more than 130 on the books.

The Obama administration's plan is in sync with Republicans in terms of wanting to lower the top rate. But Republicans want to lower the corporate rate even further to 25%.

There are also many other differences between their plans, and with Congress stuck in election-year gridlock, the odds of passage of any corporate tax reform plan this year are long.

Obama is admitting that conservatives are right, lower taxes is better for the economy.

He's been talking lower corporate taxes for fucking years, you idiot. The reason you never heard it is because of the measly 4% increase in PERSONAL INCOME TAX for our wealthiest and most capable has been the only thing that the right wing media will focus on... Just to get "little brains" like you all pissed off.

Here's a little newsflash.... he also wants to REWARD Businesses that Keep jobs at home or bring them back to the country with more tax breaks and pay for those tax breaks by administering surcharges on those that choose to keep going the slave labor route of outsourcing.

Perhaps if some of you would turn the channel every once in a while... you might know this.

 

[Two Thumbs]

Funny how conservative Obama tries to be during election year:

Obama corporate taxes: He would slash 'dozens' of tax breaks - Feb. 22, 2012

The main proposal for reform would slash the corporate tax rate to 28% from 35% and pay for the reduction by eliminating "dozens" of business tax breaks. There are currently more than 130 on the books.

The Obama administration's plan is in sync with Republicans in terms of wanting to lower the top rate. But Republicans want to lower the corporate rate even further to 25%.

There are also many other differences between their plans, and with Congress stuck in election-year gridlock, the odds of passage of any corporate tax reform plan this year are long.

Obama is admitting that conservatives are right, lower taxes is better for the economy.

Well hopefully these loop holes he's closing include him no longer picking winners and losers.

Damn, time for an election and he's for lower taxes and shrinking government.

He must be shitting his tiddy whitties.

 

[Two Thumbs]

Funny how conservative Obama tries to be during election year:

Obama corporate taxes: He would slash 'dozens' of tax breaks - Feb. 22, 2012

The main proposal for reform would slash the corporate tax rate to 28% from 35% and pay for the reduction by eliminating "dozens" of business tax breaks. There are currently more than 130 on the books.

The Obama administration's plan is in sync with Republicans in terms of wanting to lower the top rate. But Republicans want to lower the corporate rate even further to 25%.

There are also many other differences between their plans, and with Congress stuck in election-year gridlock, the odds of passage of any corporate tax reform plan this year are long.

Obama is admitting that conservatives are right, lower taxes is better for the economy.

It's a concern on both sides of the aisle that tax loopholes are detrimental.

Did he do it for political reasons? Probably, but it's a smarter plan than simply lowering the rate and ignoring the problematic tax code.

So now you agree we were right all along.



Damn, all it took to become a good idea was for a (D) to put his stamp on it.


I love the taste of hypocracy in the morning.

mmm

taste like well done toast.