Republicans Lock In Their Losing Position Against Biden's American Jobs Plan

[Toddsterpatriot]

not in the world, but the gop would have had dem buy in if they'd just lowered to the avg in the G-7.

not in the world,

Which country was higher? There might have been one.

but the gop would have had dem buy in if they'd just lowered to the avg in the G-7.

Bullshit. The Dems won't even write a bill to make the middle class tax cuts permanent,
don't lie and claim they'd have cut corporate taxes.

 

[Winston]

And since Reagan, nations world-wide cut their corporate tax rates until ours were
the highest in the world. You think that's good or bad for competition.....for the economy?

I think there are no winners in a race to the bottom.

 

[Toddsterpatriot]

I think there are no winners in a race to the bottom.

More winners than in a race to the top.

 

[DustyInfinity]

So please, explain how all that construction and expansion can fail to create millions of jobs.

Is any of that boondoggle about construction and expansion? Those A holes don't give a crap about jobs. They would sell us for a pack of peanuts to get a kickback.

 

[Nuthin' Fancy]

Of course they won't lower prices they make a profit which they use to expand which employs people. How exactly will raising taxes help the US other than more government ? Why is the Government the largest employer in the country when we are supposed to be a free market ?

When did corporations EVER lower prices after getting tax cuts?
The government builds roads, bridges, highways, post offices, police stations, airports, bus stations, etc.
It takes $$$ to do that and maintain them creating jobs.

Did walmart, amazon, boeing, kroger or any other corporation do that for the people?

No, instead they made their shareholders and themselves richer.

The Republican tax reform package that was supposed to raise wages and spur hiring has instead funded a record stock buyback and dividend spree, benefiting investors and company executives over workers.

President Donald Trump signed the bill in December last year, saying the corporate tax cut would make it favorable for companies to bring back into the U.S. cash stashed in foreign operations.


"More than 70 percent of this [tax cut] will be returned to workers," said White House Press Secretary Sarah Huckabee Sanders at a January press conference after the bill came into effect.

However, companies have instead used the extra cash to spend billions of dollars buying back their own stock, boosting the value of shares held by investors. Buybacks reduce the number of shares on the market, immediately increasing the value of the shares that investors already hold.

Over the past year, S&P 500 companies have given their shareholders a record $1 trillion in the form of buybacks and dividends and bonuses.

 

[ThunderKiss1965]

When did corporations EVER lower prices after getting tax cuts?
The government builds roads, bridges, highways, post offices, police stations, airports, bus stations, etc.
It takes $$$ to do that and maintain them creating jobs.

Did walmart, amazon, boeing, kroger or any other corporation do that for the people?

No, instead they made their shareholders and themselves richer.

The Republican tax reform package that was supposed to raise wages and spur hiring has instead funded a record stock buyback and dividend spree, benefiting investors and company executives over workers.

President Donald Trump signed the bill in December last year, saying the corporate tax cut would make it favorable for companies to bring back into the U.S. cash stashed in foreign operations.


"More than 70 percent of this [tax cut] will be returned to workers," said White House Press Secretary Sarah Huckabee Sanders at a January press conference after the bill came into effect.

However, companies have instead used the extra cash to spend billions of dollars buying back their own stock, boosting the value of shares held by investors. Buybacks reduce the number of shares on the market, immediately increasing the value of the shares that investors already hold.

Over the past year, S&P 500 companies have given their shareholders a record $1 trillion in the form of buybacks and dividends and bonuses.

Another who thinks the Government makes money. The Government doesn't produce anything. They do all that shit you mention with tax money from the citizens who work for walmart, amazon, boeing, kroger and all those other corporations. Those corporations will add any tax increases to the cost of goods and services.

 

[Wyatt earp]

When did corporations EVER lower prices after getting tax cuts?
The government builds roads, bridges, highways, post offices, police stations, airports, bus stations, etc.
It takes $$$ to do that and maintain them creating jobs.

Did walmart, amazon, boeing, kroger or any other corporation do that for the people?

No, instead they made their shareholders and themselves richer.

The Republican tax reform package that was supposed to raise wages and spur hiring has instead funded a record stock buyback and dividend spree, benefiting investors and company executives over workers.

President Donald Trump signed the bill in December last year, saying the corporate tax cut would make it favorable for companies to bring back into the U.S. cash stashed in foreign operations.


"More than 70 percent of this [tax cut] will be returned to workers," said White House Press Secretary Sarah Huckabee Sanders at a January press conference after the bill came into effect.

However, companies have instead used the extra cash to spend billions of dollars buying back their own stock, boosting the value of shares held by investors. Buybacks reduce the number of shares on the market, immediately increasing the value of the shares that investors already hold.

Over the past year, S&P 500 companies have given their shareholders a record $1 trillion in the form of buybacks and dividends and bonuses.

And we are supposed to be angry why?

 

[Nuthin' Fancy]

Is any of that boondoggle about construction and expansion? Those A holes don't give a crap about jobs. They would sell us for a pack of peanuts to get a kickback.

Another who thinks the Government makes money. The Government doesn't produce anything. They do all that shit you mention with tax money from the citizens who work for walmart, amazon, boeing, kroger and all those other corporations. Those corporations will add any tax increases to the cost of goods and services.

Another one who THINKS government SHOULD make $$$.

"Those corporations will add any tax increases to the cost of goods and services".

But never lower the costs when republicans give them tax cuts.

"with tax money from the citizens who work for walmart, amazon, boeing, kroger".

Exactly.

Leona Helmsley will always be remembered for one of the most arrogant statements ever uttered: "We don't pay taxes. Only the little people pay taxes." A touching sentiment from the New York hotel tycoon widely dubbed the "Queen of Mean".

 

[Nuthin' Fancy]

And we are supposed to be angry why?

So, your alright with people driving around with no auto insurance?
Same principle.
Everyone else's rate goes up because they refuse to get coverage.
Your fine with covering their hospital bills, accident damage, deaths?

 

[Nuthin' Fancy]

And since Reagan, nations world-wide cut their corporate tax rates until ours were
the highest in the world. You think that's good or bad for competition.....for the economy?

Bad, Reagan's tax cut and every one since, has resulted in more debt.
Other countries don't cut taxes when they are in debt.
Reduce the debt, then cut taxes.

Our competition.
China's tax revenue came to 11.05 trillion yuan (1.8 trillion U.S. dollars) in 2013, up 9.8 percent over 2012.Tax revenue in 2015 was 12,488.9 billion yuan. In 2016, tax revenue was 13,035.4 billion yuan. Tax revenue in 2017 was 14,436 billion yuan. In 2018, tax revenue was 15,640.1 billion yuan, an increase of 1204.1 billion yuan over the previous year.
The 2017 World Bank "Doing Business" rankings estimated that China's total tax rate for corporations was 68% as a percentage of profits through direct and indirect tax. As a percentage of GDP, according to the State Administration of Taxation, overall tax revenues were 30% in China.

 

[Toddsterpatriot]

When did corporations EVER lower prices after getting tax cuts?
The government builds roads, bridges, highways, post offices, police stations, airports, bus stations, etc.
It takes $$$ to do that and maintain them creating jobs.

Did walmart, amazon, boeing, kroger or any other corporation do that for the people?

No, instead they made their shareholders and themselves richer.

The Republican tax reform package that was supposed to raise wages and spur hiring has instead funded a record stock buyback and dividend spree, benefiting investors and company executives over workers.

President Donald Trump signed the bill in December last year, saying the corporate tax cut would make it favorable for companies to bring back into the U.S. cash stashed in foreign operations.


"More than 70 percent of this [tax cut] will be returned to workers," said White House Press Secretary Sarah Huckabee Sanders at a January press conference after the bill came into effect.

However, companies have instead used the extra cash to spend billions of dollars buying back their own stock, boosting the value of shares held by investors. Buybacks reduce the number of shares on the market, immediately increasing the value of the shares that investors already hold.

Over the past year, S&P 500 companies have given their shareholders a record $1 trillion in the form of buybacks and dividends and bonuses.

No, instead they made their shareholders and themselves richer.

That's awful!!

I hate it when my dividends and stock prices go up.

 

[Toddsterpatriot]

Bad, Reagan's tax cut and every one since, has resulted in more debt.
Other countries don't cut taxes when they are in debt.
Reduce the debt, then cut taxes.

Our competition.
China's tax revenue came to 11.05 trillion yuan (1.8 trillion U.S. dollars) in 2013, up 9.8 percent over 2012.Tax revenue in 2015 was 12,488.9 billion yuan. In 2016, tax revenue was 13,035.4 billion yuan. Tax revenue in 2017 was 14,436 billion yuan. In 2018, tax revenue was 15,640.1 billion yuan, an increase of 1204.1 billion yuan over the previous year.
The 2017 World Bank "Doing Business" rankings estimated that China's total tax rate for corporations was 68% as a percentage of profits through direct and indirect tax. As a percentage of GDP, according to the State Administration of Taxation, overall tax revenues were 30% in China.

Bad, Reagan's tax cut and every one since, has resulted in more debt.

So support less spending. Reagan's tax cuts didn't reduce revenue.

Other countries don't cut taxes when they are in debt.

Since they all cut corporate rates(and individual rates) after Reagan.....you're probably wrong.

The 2017 World Bank "Doing Business" rankings estimated that China's total tax rate for corporations was 68% as a percentage of profits through direct and indirect tax.

Their corporations are all, at least, partly owned by the government.

 

[ThunderKiss1965]

Another one who THINKS government SHOULD make $$$.

"Those corporations will add any tax increases to the cost of goods and services".

But never lower the costs when republicans give them tax cuts.

"with tax money from the citizens who work for walmart, amazon, boeing, kroger".

Exactly.

Leona Helmsley will always be remembered for one of the most arrogant statements ever uttered: "We don't pay taxes. Only the little people pay taxes." A touching sentiment from the New York hotel tycoon widely dubbed the "Queen of Mean".

They won't lower the cost but they will increase it when taxes go up that doesn't matter so much to rich people , but the middle class gets hammered. Quoting a convicted felon doesn't help your case.

 

[Nuthin' Fancy]

No, instead they made their shareholders and themselves richer.

That's awful!!

I hate it when my dividends and stock prices go up.

You're welcome, nice to hear from another Trumptard getting richer from US taxpaying $$$, then bragging about it.

 

[Nuthin' Fancy]

Bad, Reagan's tax cut and every one since, has resulted in more debt.

So support less spending. Reagan's tax cuts didn't reduce revenue.

Other countries don't cut taxes when they are in debt.

Since they all cut corporate rates(and individual rates) after Reagan.....you're probably wrong.

The 2017 World Bank "Doing Business" rankings estimated that China's total tax rate for corporations was 68% as a percentage of profits through direct and indirect tax.

Their corporations are all, at least, partly owned by the government.

The federal debt was about half what it is today, measured as a share of the economy. The Reagan tax cut was huge. The top rate fell from 70 percent to 50 percent. The tax cut didn’t pay for itself. According to later Treasury estimates, it reduced federal revenues by about 9 percent in the first couple of years. In fact, most of the top Reagan administration officials didn’t think the tax cut would pay for itself. They were counting on spending cuts to avoid blowing up the deficit. But they never materialized.

U.S. tax revenue as a proportion of GDP dropped the most out of any country in the Organisation for Economic Co-operation and Development in 2018, according to a report released Thursday.

That’s largely due to the $1.5 trillion GOP tax cut President Donald Trump

 

[Nuthin' Fancy]

They won't lower the cost but they will increase it when taxes go up that doesn't matter so much to rich people , but the middle class gets hammered. Quoting a convicted felon doesn't help your case.

Yes another convicted rich, tax cheat.

They will increase when their taxes go up?
The same story as corporate tax cuts pay "for themselves".
The same story as corporate tax cuts "create jobs".
The same story as corporate tax cuts " raise wages".

The same crap that republicans have been claiming the past 40 years.
SO, THEY can get richer.

 

[Toddsterpatriot]

You're welcome, nice to hear from another Trumptard getting richer from US taxpaying $$$, then bragging about it.

If I had to depend on your tax dollars to get rich, I'd still be a poor whiner like you.

 

[Toddsterpatriot]

The federal debt was about half what it is today, measured as a share of the economy. The Reagan tax cut was huge. The top rate fell from 70 percent to 50 percent. The tax cut didn’t pay for itself. According to later Treasury estimates, it reduced federal revenues by about 9 percent in the first couple of years. In fact, most of the top Reagan administration officials didn’t think the tax cut would pay for itself. They were counting on spending cuts to avoid blowing up the deficit. But they never materialized.

U.S. tax revenue as a proportion of GDP dropped the most out of any country in the Organisation for Economic Co-operation and Development in 2018, according to a report released Thursday.

That’s largely due to the $1.5 trillion GOP tax cut President Donald Trump

The Reagan tax cut was huge. The top rate fell from 70 percent to 50 percent. The tax cut didn’t pay for itself.

Why do you feel that?

 

[Staidhup]

It’s clear smokin been doing a great deal of smokin the whacky and drinking the koolaid. It is very clear he has no tolerance toward or for that matter understanding the concept of free market based economies and negative effect taxes have on job creation and prosperity. Apparently he believes the means of production, markets, and personal choice should be controlled by the government and accumulated wealth belong to the state. Why he remains in this country is a mystery.

 

[Nuthin' Fancy]

If I had to depend on your tax dollars to get rich, I'd still be a poor whiner like you.

If I had to depend on your tax dollars and Trump's combined, I would owe $$$