TAX BREAKS WORK: Boeings donates millions to local childrens hospital; Obama sues.

Discussion in 'Politics' started by bucs90, May 7, 2011.

  1. bucs90
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    bucs90 Gold Member

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    Tax breaks work folks. Boeing brought it's new plant to non-union, low tax Charleston, SC, and has done many great things, including their newest good deed: Donating a huge amount of money to the local Charlesthttp://www.postandcourier.com/news/2011/may/06/boeing-gives-hospital-1m/on children's hospital:

    I won't go into the other educational donations Boeing has made to Charleston, the thousands of good jobs they are bringing, the overall economic boom they'll bring, and the countless new opportunities Boeing helped found and fund at the local Trident Technical College (2nd largest college in SC). All I know is Boeing is here, and their positive local impact is massive. And the Obama NLRB is filing a lawsuit to try to reverse it all and force Boeing back into union heavy Seattle.


    Why? Well easy. With the money Boeing saves on lower taxes, they can do things like donate millions to schools and hospitals.

    Why does left wing government hate this? Well, because THEY want to be the ones donating that money. See, here is a quick lesson:

    Non-union, low tax Boeing: Give $1,000,000 straight to a hospital.

    Unionized, high tax Boeing: Give $1,000,000 straight to the government in higher taxes, where the government pays it's beaurocrats, then sends the leftover $200,000 to the hospital.

    See, the government demands it be the middle man. It will take the donations of Boeing and other companies, pool them, and then disperse them as they see fit. They cannot and will not allow Boeing to simply give straight to the source. The gov't MUST be the source of the handout. Otherwise, who can decide where it goes?

    Thank you to all the companies and businessmen out there who graciously donate your money.
     
  2. bucs90
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    bucs90 Gold Member

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    So...can any libtard explain to me just why in the above scenario the government should become the leech/middle man in that transaction of funds from Boeing to the kids hospital? Why should the gov't be in the middle of that money flow?
     
  3. sparky
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    sparky VIP Member

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    As nationwide budget protests continue this week, Treasury Secretary Timothy Geithner is prepared to unveil the Obama administration’s plan to lower the top corporate tax rate from the current 35 percent to less than 30 percent, and as low as 26 percent.

    <snip>

    Meanwhile, the number of people who filed new applications for jobless benefits leaped 43,000 last week to 474,000, the highest level in almost nine months.

    The surge in unemployment comes at a time when US corporations are more profitable than ever. The end of 2010 saw some of the biggest gains in the business world, according to data from the federal Bureau of Economic Analysis. Corporations reported an annualized profit of $1.68 trillion in the fourth quarter, up from the previous record of $1.65 trillion in the third quarter of 2006.

    <snip>

    Exxon also happens to be one of US Uncut&#8217;s top targets. The oil giant uses offshore subsidiaries in the Caribbean to avoid paying taxes in the United States. The company paid zero US income tax in 2009, while enjoying billions in taxpayer-funded subsidies and its CEO&#8217;s total compensation reached over $29 million.

    <snip>
    The Obama administration is considering these corporate tax cuts during a time when almost every state is experiencing some kind of budget cut protest. Teachers, police, fire-fighters, unions, students, and their supporters have occupied state Capitols and campuses to demand a one-tier America where everyone (citizens and corporations, alike) sacrifice during times of fiscal crisis.

    http://www.thenation.com/blog/16045...n-plans-corporate-tax-cut-year-record-profits

    Why should the gov't be in the middle of that money flow?

    doesn't appear it is...
     
    Last edited: May 8, 2011
  4. bucs90
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    bucs90 Gold Member

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    Really? Because Obama's NLRB filed suit to force Boeing to not locate in low tax, non union SC. They want to force business to locate in a state where the company's extra cash flows to the gov't and unions first, charities second.

    That $1,000,000 Boeing donated to the children's hospital in SC? If they were in Seattle, or Chicago, or NY, only about $400,000 of that would be available for charity after the gov't and unions got their chunk.
     
  5. sparky
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    sparky VIP Member

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    well Bucs, ,it appears that Barry O's legislation will enable corporatism to readily dole out social gifts where ever they land in the USA

    and they'll probably write them off too
     
  6. code1211
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    code1211 Senior Member

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    Liberals are amazing. Taxes are levied on corporate PROFITS. With no profits, there is no tax revenue. Higher profits mean higher tax revenues.

    Profits. Good.

    Losses. Bad.

    Reducing profits means reducing taxes. Reducing the costs of doing business, which means increasing profits, all else remaining equal, is intended to draw more corporations to the area where the taxes have been reduced. Getting more sources of revenue witrh all sources contributing should increase the tax revenue flowing to government.

    Obama, according to you, is reducing the tax burden on the corporations to enhance the possiblitlity that they will generate profits and improve both the economy and the tax revenue stream.

    There is a name for this approach. It was coined by Democrats. It's called Trickle Down Economics.
     
  7. sparky
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    sparky VIP Member

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    Obama, according to you, is reducing the tax burden on the corporations to enhance the possiblitlity that they will generate profits and improve both the economy and the tax revenue stream.

    i beg to differ code, that is the Obama administration according to the Obama administration

    not yours truly......





    There is a name for this approach. It was coined by Democrats. It's called Trickle Down Economics.

    yeah, well how's that workin' out?

    you figure all the social accolades are going to follow suit, and float from the coffers of our corporate captains down upon a grateful populace like manna from on high?

     
    Last edited: May 8, 2011
  8. editec
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    editec Mr. Forgot-it-All

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    A rising tide lifts all yachts.
     
  9. Mr. Shaman
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    Mr. Shaman Senior Member

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    Why aren't you "conservatives" more-concerned about
    MIDDLE CLASS ISSUES??!!!


    [ame=http://www.youtube.com/watch?v=sHlTPNDzq30]YouTube - The Usury States of America (Prof. Warren and Bill Maher)[/ame]
    *
    [ame=http://www.youtube.com/watch?v=uUjAlAGKo3k]YouTube - Real Time with Bill Maher - 10/9/09 -Scary facts on the economy[/ame]
    *
    [ame=http://www.youtube.com/watch?v=sFQqs2pzNfs]YouTube - ELIZABETH WARREN: BANKS "TRICKS AND TRAPS"[/ame]

    :woohoo: . :woohoo: . :woohoo:
     
  10. Gadawg73
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    Gadawg73 Gold Member

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    What is incomprehensible is the nomination of radical Craig Becker to NLRB.
    One has only to read his 1987 Harvard Law Review article to know that he stands for all interpretations of The Wagner Act as a guaranteed outcome for unions every time.
    Anyone that owns a business and stands for an open society and free economy should be very concerned about this. Becker openly writes in favor of limiting the flow of commerce because he believes it will hurt Big Labor Bosses.
     

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