Over taxed & Over regulated my ---!

[EvilCat Breath]

What happened to Bin laden is dead and GM is alive?

 

[mikegriffith1]

This is silly. GM has horribly mismanaged its money and agreed to unrealistic labor deals. There are hundreds of success stories involving states giving tax breaks to lure companies where the tax breaks and investments were tied to the companies' keeping their end of the bargain by meeting job-creation goals and local-investment provisions. It has worked many, many times. GM's deal was a bust because of GM and because of Michigan's messed-up state government.

 

[Oddball]

Corporate welfare is a joke and it will hurt America in so many ways. I support tax cuts, not hand outs and extortion.

Yes, it started with Obamas bailouts on a grand scale and it hasn't subsided. It should only be used in extreme circumstances, it's a wealth transfer that is unacceptable and communities should call it out and boycott the companies if they hold you hostage. This is NOT free market capitalism.

Dubya bailed out GM and the airlines too...Crony capitalist bailouts have been going on for a long time...

The History of US Government Financial Bailouts

 

[LordBrownTrout]

Why do republicans keep telling this bs lie?

As Companies Seek Tax Deals, Governments Pay High Price
By LOUISE STORY

In the end, the money that towns across America gave General Motors did not matter.

When the automaker released a list of factories it was closing during bankruptcy three years ago, communities that had considered themselves G.M.’s business partners were among the targets.

For years, mayors and governors anxious about local jobs had agreed to G.M.’s demands for cash rewards, free buildings, worker training and lucrative tax breaks. As late as 2007, the company was telling local officials that these sorts of incentives would “further G.M.’s strong relationship” with them and be a “win/win situation,” according to town council notes from one Michigan community.

Yet at least 50 properties on the 2009 liquidation list were in towns and states that had awarded incentives, adding up to billions in taxpayer dollars, according to data compiled by The New York Times.

Some officials, desperate to keep G.M., offered more. Ohio was proposing a $56 million deal to save its Moraine plant, and Wisconsin, fighting for its Janesville factory, offered $153 million.

But their overtures were to no avail. G.M. walked away and, thanks to a federal bailout, is once again profitable. The towns have not been so fortunate, having spent scarce funds in exchange for thousands of jobs that no longer exist.

One township, Ypsilanti, Mich., is suing over the automaker’s departure. “You can’t just make these promises and throw them around like they’re spare change in the drawer,” said Doug Winters, the township’s attorney.

Yet across the country, companies have been doing just that. And the giveaways are adding up to a gigantic bill for taxpayers.

A Times investigation has examined and tallied thousands of local incentives granted nationwide and has found that states, counties and cities are giving up more than $80 billion each year to companies. The beneficiaries come from virtually every corner of the corporate world, encompassing oil and coal conglomerates, technology and entertainment companies, banks and big-box retail chains.

As Companies Seek Tax Deals, Governments Pay High Price

Corporate welfare, but they tell you how they are over taxed and over regulated. You republicans cry about how the government is getting too big like they tell you all while they take more and more money from governments at every level. Now you gloat over a tax cut that gives corporations even more.

Wut!!!!!!! Wait, O voted to give the banks 750 billion dollars to bail them out and you were down with that.

 

[LordBrownTrout]

Corporate welfare is a joke and it will hurt America in so many ways. I support tax cuts, not hand outs and extortion.

Yes, it started with Obamas bailouts on a grand scale and it hasn't subsided. It should only be used in extreme circumstances, it's a wealth transfer that is unacceptable and communities should call it out and boycott the companies if they hold you hostage. This is NOT free market capitalism.

Dubya bailed out GM and the airlines too...Crony capitalist bailouts have been going on for a long time...

The History of US Government Financial Bailouts

Yep, W came crying with his hands out when the banks failed.

 

[BrokeLoser]

Why do republicans keep telling this bs lie?

As Companies Seek Tax Deals, Governments Pay High Price
By LOUISE STORY

In the end, the money that towns across America gave General Motors did not matter.

When the automaker released a list of factories it was closing during bankruptcy three years ago, communities that had considered themselves G.M.’s business partners were among the targets.

For years, mayors and governors anxious about local jobs had agreed to G.M.’s demands for cash rewards, free buildings, worker training and lucrative tax breaks. As late as 2007, the company was telling local officials that these sorts of incentives would “further G.M.’s strong relationship” with them and be a “win/win situation,” according to town council notes from one Michigan community.

Yet at least 50 properties on the 2009 liquidation list were in towns and states that had awarded incentives, adding up to billions in taxpayer dollars, according to data compiled by The New York Times.

Some officials, desperate to keep G.M., offered more. Ohio was proposing a $56 million deal to save its Moraine plant, and Wisconsin, fighting for its Janesville factory, offered $153 million.

But their overtures were to no avail. G.M. walked away and, thanks to a federal bailout, is once again profitable. The towns have not been so fortunate, having spent scarce funds in exchange for thousands of jobs that no longer exist.

One township, Ypsilanti, Mich., is suing over the automaker’s departure. “You can’t just make these promises and throw them around like they’re spare change in the drawer,” said Doug Winters, the township’s attorney.

Yet across the country, companies have been doing just that. And the giveaways are adding up to a gigantic bill for taxpayers.

A Times investigation has examined and tallied thousands of local incentives granted nationwide and has found that states, counties and cities are giving up more than $80 billion each year to companies. The beneficiaries come from virtually every corner of the corporate world, encompassing oil and coal conglomerates, technology and entertainment companies, banks and big-box retail chains.

As Companies Seek Tax Deals, Governments Pay High Price

Corporate welfare, but they tell you how they are over taxed and over regulated. You republicans cry about how the government is getting too big like they tell you all while they take more and more money from governments at every level. Now you gloat over a tax cut that gives corporations even more.

Translation:
“I hate when winners are rewarded. I hate when hard working positive contributors get to keep more of what they generate. I hate it when lowlife bottom feeders aren’t the primary beneficiaries of anything and everything.”
Look bud...”corporations” are really just people, the shareholders are benefiting from the corporate tax cuts. Get this, most corporations are small businesses...the backbone of America.

“We hear it all the time that "small businesses create jobs," and it really is true. Although just 21.5 percent of all small businesses are employers, almost half of the nation's private sector workforce (49.2 percent) is employed by small business--that's 120 million people! And since 1995, small businesses have been responsible for creating two out of every three--or 64 percent-- of net new jobs in our country. Accounting for 42.9 percent of U.S. payroll dollars, small businesses drive a ton of consumer spending into the U.S. economy, as well as income tax dollars into our government's budget.” - Are Small Businesses Really the Backbone of the Economy?
Just in case you didn’t know.
Top 20% of Americans Will Pay 87% of Income Tax
Top 20% of Americans Will Pay 87% of Income Tax

 

[sparky]

This is NOT free market capitalism

Crony capitalist bailouts have been going on for a long time...

it's socalism for the rich , not capitalism

Yep, W came crying with his hands out when the banks failed

Rewarding the perpetrators didn't help

Although just 21.5 percent of all small businesses are employers, almost half of the nation's private sector workforce (49.2 percent) is employed by small business--that's 120 million people! And since 1995, small businesses have been responsible for creating two out of every three--or 64 percent-- of net new jobs in our country.

Thank you

But you see, we're not 'too big to fail' ,nor can we go to the FED window like the fortune 5's ,nor do any of us (NFIB anyone?) have a congresscritter on a lobbying leash


~S~