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

[Blues Man]

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....

you never ever spend money just for the tax deduction that's sure way to go under

 

[Care4all]

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

Winner, winner, chicken dinner!!!

 

[Burgermeister]

It's unfair and absurd to take anything this idiot says seriously.

 

[jbrownson0831]

Winner, winner, chicken dinner!!!

They create jobs doofus....but what does a lefty care about a job opening??

 

[Mac-7]

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

She is a really stupid woman when it comes to economics

 

[Care4all]

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

Nahhh.....

They are already in China, manufacturing goods... And pocketed the most of those savings in CEO and upper management salaries!

 

[Care4all]

They create jobs doofus....but what does a lefty care about a job opening??

A tax hike, encourages them to create jobs, which is tax free spending....really low taxes encourages nothing, but pocketing the money, in most cases.

 

[jbrownson0831]

Nahhh.....

They are already in China, manufacturing goods... And pocketed those savings in CEO and upper management salaries!

Sooo....job creation then in the Dimmer mind is 3.5 trillion dollars of taxpayer money spent on pork and a few dregs holding traffic signs for "infrastructure"...right?

 

[rightwinger]

They create jobs doofus....but what does a lefty care about a job opening??

No, taxes do not create jobs

An expanded market for your goods or services will create jobs
If you could sell more product, you already would

 

[jbrownson0831]

A tax hike, encourages them to create jobs, which is tax free spending....really low taxes encourages nothing, but pocketing the money, in most cases.

Baloney, the exact opposite happens.

 

[22lcidw]

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

You make people who follow semblance of rules as suckers. It is tiresome. Psaki is a broad who will become Psuki/Fucki to keep her ass alive if it gets bad. And you believe these things do not happen. And for her she does not have much time left as something desirable.

 

[Blues Man]

A tax hike, encourages them to create jobs, which is tax free spending....really low taxes encourages nothing, but pocketing the money, in most cases.

You can't "create" jobs if the demand doesn't increase first.

 

[Care4all]

Sooo....job creation then in the Dimmer mind is 3.5 trillion dollars of taxpayer money spent on pork and a few dregs holding traffic signs for "infrastructure"...right?

Why don't you find out what's in the reconciliation bill, and start a debate on what's good in it, and what you disagree with, and think the U.S. doesn't need or would not benefit from....?

 

[buckeye45_73]

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

Well let's raise it to 70%..........and see what happens........

But under no circumstances do yiu ever ask a democrat to remove deductions.....Pelosi will laugh at you

 

[Care4all]

You can't "create" jobs if the demand doesn't increase first.

True!

Then why are posters claiming that reducing corporate taxes creates jobs?

 

[Blues Man]

True!

Then why are posters claiming that reducing corporate taxes creates jobs?

Ask them.

You're saying raising them will create jobs and that's not any more correct

 

[rightwinger]

Cutting taxes will not create jobs

If you sell 1000 widgets a month, lower taxes will increase your profit not allow you to increase your workforce.

Unless you can expand the market for your widgets, you will not sell more

 

[jbrownson0831]

Why don't you find out what's in the reconciliation bill, and start a debate on what's good in it, and what you disagree with, and think the U.S. doesn't need or would not benefit from....?

Why don't you find out what's in the reconciliation bill, and start a debate on what's good in it, and what you disagree with, and think the U.S. doesn't need or would not benefit from....?
[/QUOTE]
Raising taxes is never a good idea, especially on businesses. Nor is making them raise the minimum wage. Cost get passed on to consumers duuuuh! Jobs get farmed out to hire cheaper workers. What is so hard about supporting business instead of crapping on it?

 

[Blues Man]

Cutting taxes will not create jobs

neither will raising taxes

 

[wamose]

Biden doesn't really want to raise taxes on the rich and his plan doesn't. His plan puts a disproportionate burden on the middle and lower classes who will be hit the hardest by the skyrocketing prices his plan is, and will continue to cause. It'll be his fault but he'll let the media put the blame elsewhere.