Psaki: ‘Unfair and Absurd’ To Say Companies Would Raise Prices in Response to Tax Increases

[Weatherman2020]

And all 43 Biden supporters nod in agreement.

Psaki: 'Unfair and Absurd' To Say Companies Would Raise Prices in Response to Tax Increases

White House press secretary Jen Psaki on Monday defended House Democrats' tax plan in the face of criticism that the legislation would see taxes and consumer prices rise for many Americans. Psaki insisted President Joe Biden is committed to keeping taxes the same for anyone making less than...

freebeacon.com

 

[MinTrut]

And all 43 Biden supporters nod in agreement.

Psaki: 'Unfair and Absurd' To Say Companies Would Raise Prices in Response to Tax Increases

White House press secretary Jen Psaki on Monday defended House Democrats' tax plan in the face of criticism that the legislation would see taxes and consumer prices rise for many Americans. Psaki insisted President Joe Biden is committed to keeping taxes the same for anyone making less than...

freebeacon.com

If prices DO go up, it's because TRUMP!

And obviously the Democrats burning down the economy with their CovidScam has NOTHING to do with the inflation we are already seeing.

 

[my2¢]

Heck why not increase tariffs based on that so-called logic and figure importers won't pass along that cost either.

 

[22lcidw]

I guarantee you, when the worst happens, if not her many who think like her will be taken to be judged in harsh ways. She is like many we know. Bill Kristol is a closet Prog who gets off with killing men in wars. A war hawk that an elderly person would beat the shit out of. You see the carnage men like him has caused and the deaths and the disabilities. Psaki is of the same thing for her ways. payment will come due at some point.

 

[Claudette]

Weatherman2020
Just shows how stupid she is. Of course all companies will raise prices if they have to pay more in taxes and labor. Only a fucking idiot would say differently.

Guess that's her stupid ass.

 

[rightwinger]

Gee…..did they drop prices when Trump cut their taxes by 40 percent?

 

[Resnic]

Gee…..did they drop prices when Trump cut their taxes by 40 percent?

That's a unrealistic and unfair question to pose.

No company on earth, regardless of the reason will ever say "we should make less money". It has absolutely nothing to do with the president. If a company raises their prices and people keep buying and they keep making money they will never, ever charge less.

No company says "were doing alright, let's lower our prices".

 

[Pete7469]

Remember, they're ALL at least as stupid as she is.

 

[rightwinger]

That's a unrealistic and unfair question to pose.

No company on earth, regardless of the reason will ever say "we should make less money". It has absolutely nothing to do with the president. If a company raises their prices and people keep buying and they keep making money they will never, ever charge less.

No company says "were doing alright, let's lower our prices".

Absolutely
Cut their taxes and they just keep the money

Conversely, if a company could charge higher prices, they already would.
The market will decide

Higher taxes are on profit not operating expenses

 

[Votto]

And all 43 Biden supporters nod in agreement.

Psaki: 'Unfair and Absurd' To Say Companies Would Raise Prices in Response to Tax Increases

White House press secretary Jen Psaki on Monday defended House Democrats' tax plan in the face of criticism that the legislation would see taxes and consumer prices rise for many Americans. Psaki insisted President Joe Biden is committed to keeping taxes the same for anyone making less than...

freebeacon.com

Only evil corporations care about profit

The good ones either go out of business or are propped up by the government.

 

[Mikeoxenormous]

That's a unrealistic and unfair question to pose.

No company on earth, regardless of the reason will ever say "we should make less money". It has absolutely nothing to do with the president. If a company raises their prices and people keep buying and they keep making money they will never, ever charge less.

No company says "were doing alright, let's lower our prices".

I have RW on ignore but i can get a feeling about what he said. We have people in the United States who are in charge of a company and the company pays that CEO money so he will provide goods and services to the citizens of the US who will willingly buy those goods and services. If the CEO does well(Like a professional athlete) then he is rewarded with a good salary and perks to keep him working at that company.

Now for the shits for brains. We have in Congress and Senate, fuckers who never did shit to provide goods and services to the United States, but take through regulations and taxes money, other people have earned, while increasing their salaries just because they deem it so, while doing a shitty job of protecting this country, taking US to war, and giving them raises, all at the cost of the US citizen, but the stupid progressive (I know redundant statement) slaves, allow them to.

 

[Votto]

Listen, the taxes that are put on corporations will cost them zero dollars!!!!!

 

[Claudette]

Votto
Yup cause it will all be passed to the consumer.

 

[Osiris-ODS]

She said it's "absurd" to suggest that businesses would raise prices in response to increased tax liability because "the American people would not stand for it."

Was she living under a rock before she had this job? Businesses have ALWAYS adjusted pricing to account for increased expenses. These lifetime government employees who have never owned or managed a business in the private sector are convinced that all private companies are raking in profits of 50% or more. In reality the vast majority of businesses operate on razor thin margins. For example, big bad mega-corporation Walmart's profit margin is less than 2%. Since most successful American businesses have profit margins similar that, any material upward change to the liabilities side of the balance sheet is going to require an equal adjustment to the other side in order to avoid operating in the red, which is accomplished by increasing their prices of goods/services. It doesn't matter whether increased business expenses are the result of a tax increase, or increased costs from suppliers/shippers/fuel. If it affects operating margins, it will be accounted for by price adjustments. Same goes for material decreases in business expenses, which are often passed down to consumers by lowering prices.

This is macro economics 101. Yet our entire economy is now at the complete mercy of morons who don't have the first clue how the economy actually functions in this country from a macroeconomic or a microeconomic perspective.

 

[Care4all]

Heck why not increase tariffs based on that so-called logic and figure importers won't pass along that cost either.

Did they lower the price of goods when their taxes were reduced by 40% -45% in their last mega corporate tax cut?

NO!

So why would the price of goods go up, with a 10% - 20% tax hike???

 

[Blues Man]

Absolutely
Cut their taxes and they just keep the money

Conversely, if a company could charge higher prices, they already would.
The market will decide

Higher taxes are on profit not operating expenses

Naive.

 

[maybelooking]

Absolutely
Cut their taxes and they just keep the money

Conversely, if a company could charge higher prices, they already would.
The market will decide

Higher taxes are on profit not operating expenses

nonsense. they use it for GROWTH. which means JOBS.

 

[Care4all]

She said it's "absurd" to suggest that businesses would raise prices in response to increased tax liability because "the American people would not stand for it."

Was she living under a rock before she had this job? Businesses have ALWAYS adjusted pricing to account for increased expenses. These lifetime government employees who have never owned or managed a business in the private sector are convinced that all private companies are raking in profits of 50% or more. In reality the vast majority of businesses operate on razor thin margins. For example, big bad mega-corporation Walmart's profit margin is less than 2%. Since most American businesses have profit margins like that, any material upward change to the liabilities side of the balance sheet is going to require an equal adjustment to the other side in order to avoid operating in the red, which is accomplished by increasing prices. It doesn't matter whether increased business expenses are the result of a tax increase, or increased costs from suppliers or shippers. If it affects operating margins, it will be accounted for by price adjustments. Same goes for material decreases in business expenses, which are often passed down to consumers by lowering prices. This is macro economics 101.

Actually, higher taxes forces corporations to operate more efficiently and effectively, and encourages reinvestment in their own business.

Whatever they reinvest in their company is tax deductible or a tax write off.. Give raises to employees, or hire more... all a tax write off....expand your inventory, or build additional retail stores or office space, all a tax write off....

These type of things are done, to avoid owing higher taxes from a higher tax rate....and to avoid having to raise the price of goods higher than the market is willing to pay....

 

[jbrownson0831]

Weatherman2020
Just shows how stupid she is. Of course all companies will raise prices if they have to pay more in taxes and labor. Only a fucking idiot would say differently.

Guess that's her stupid ass.

She really is a dumbpelosi

 

[jbrownson0831]

Actually, higher taxes forces corporations to operate more efficiently and effectively, and encourages reinvestment in their own business.

Whatever they reinvest in their company is tax deductible or a tax write off.. Give raises to employees, or hire more... all a tax write off....expand your inventory, or build additional retail stores or office space, all a tax write off....

These type of things are done, to avoid owing higher taxes from a higher tax rate....and to avoid having to raise the price of goods higher than the market is willing to pay....

Hahahahahahahaha they farm their jobs out overseas and raise prices. Nice fairy tale there Cinderella.