Republicans think handing corporations money creates jobs.

[The Derp]

Reagan nearly doubled the federal income.

No, he didn't.

From the Tax Policy Center:

Receipts (in billions, 2009 Current dollars)
1981: $599.3
1988: $909.2

$991.1 - $599.3 = $309.9

$309.9/$599.3 = 52% growth, not 100% growth. Not even "nearly" 100% growth.

By contrast, Clinton took office in 1993, raised taxes, and federal revenues went from $1,154.3 up to $2,025 by 2000.

$2,025 - $1,154 = $871

$871/$1,154 = 75%

By contrast, Obama took office in 2009, let some tax cuts expire, and federal revenues went from $2,105 in 2009 to $3,335 through 2016.

$3,335 - $2,105 = $1,230

$1,230/$2,105 = 58%

So Clinton and Obama both grew federal revenues more than Reagan.

Your claim is factually incorrect. And because your argument hinges on this claim, the whole fucking thing unravels once the stray thread is pulled.

 

[Fenton Lum]

like bailing out banks and corporations that couldn't run themselves? Good point. Lost 11B to GM and all they did was invest overseas.. I wonder if they would have invested here if we didn't have the highest corporate tax rate in the world?

Bush Already Tried Trump’s Proposed Corporate Tax Holiday and It Was a Total Failure

 

[The Derp]

However 15% for them all seems reasonable, close the loopholes and more revenue will come in, not less. The corporate tax is so high the mega rich find ways around it.

Yeah, we've been sold this snake oil for 37 years, and people just don't buy it anymore. What "loopholes" are being closed? Because Mnuchin just got on TV yesterday and said the deduction for State and Local taxes was on the chopping block. That deduction mainly assists middle and lower class wage earners. So Trump and the Conservatives want to raise taxes on everyone else, so Trump can get more for his book royalties.

The corporate marginal rate may be 35%, but the average effective rate is closer to 12.4%. Not many, if any, corporations actually pay 35%. Furthermore, revenue doesn't increase if taxes are cut. Profits may, but revenue is dependent on consumer demand which has nothing to do with corporate income tax.

Nice try, but we've already been around the block on this crap. Time to get a new policy. Preferably, one that doesn't suck.

 

[Fenton Lum]

However 15% for them all seems reasonable, close the loopholes and more revenue will come in, not less. The corporate tax is so high the mega rich find ways around it.

Yeah, we've been sold this snake oil for 37 years, and people just don't buy it anymore. What "loopholes" are being closed? Because Mnuchin just got on TV yesterday and said the deduction for State and Local taxes was on the chopping block. That deduction mainly assists middle and lower class wage earners. So Trump and the Conservatives want to raise taxes on everyone else, so Trump can get more for his book royalties.

The corporate marginal rate may be 35%, but the average effective rate is closer to 12.4%. Not many, if any, corporations actually pay 35%. Furthermore, revenue doesn't increase if taxes are cut. Profits may, but revenue is dependent on consumer demand which has nothing to do with corporate income tax.

Nice try, but we've already been around the block on this crap. Time to get a new policy. Preferably, one that doesn't suck.

Privatized gains versus socialized losses for the Wall Street bankster class
Internalized profit versus externalized risk and expense for the "job creator" class
Socialism for the aristocracy versus laissez-faire capitalism for the masses

That's america.

 

[The Derp]

Yet he doesn't even take a pay check?

And that is supposed to excuse bad policy?

 

[The Derp]

Privatized gains versus socialized losses for the Wall Street bankster class
Internalized profit versus externalized risk and expense for the "job creator" class
Socialism for the aristocracy versus laissez-faire capitalism for the masses
That's america.

That, and a seemingly limitless supply of derp.

 

[miketx]

like bailing out banks and corporations that couldn't run themselves? Good point. Lost 11B to GM and all they did was invest overseas.. I wonder if they would have invested here if we didn't have the highest corporate tax rate in the world?

Nope, they go for slave labor. That is why the next thing they do is cut min wage.

In what dream world does GM pay workers minimum wage?

 

[Wyatt earp]

However 15% for them all seems reasonable, close the loopholes and more revenue will come in, not less. The corporate tax is so high the mega rich find ways around it.

Yeah, we've been sold this snake oil for 37 years, and people just don't buy it anymore. What "loopholes" are being closed? Because Mnuchin just got on TV yesterday and said the deduction for State and Local taxes was on the chopping block. That deduction mainly assists middle and lower class wage earners. So Trump and the Conservatives want to raise taxes on everyone else, so Trump can get more for his book royalties.

The corporate marginal rate may be 35%, but the average effective rate is closer to 12.4%. Not many, if any, corporations actually pay 35%. Furthermore, revenue doesn't increase if taxes are cut. Profits may, but revenue is dependent on consumer demand which has nothing to do with corporate income tax.

Nice try, but we've already been around the block on this crap. Time to get a new policy. Preferably, one that doesn't suck.

You lost your focus

 

[The Derp]

You lost your focus

Russian Active Measure alert!

You're trying to shift the goalposts so you don't have to be held accountable for the shit you post.

 

[Wyatt earp]

You lost your focus

Russian Active Measure alert!

You're trying to shift the goalposts so you don't have to be held accountable for the shit you post.

You can't see the big picture..one you truly ignore

 

[Wyatt earp]

Burned

 

[theHawk]

I have news for the ultimate business man of all time, El Dumpster. Handing corporations money through tax cuts do not create jobs. Corporations hire people when they have a need.

If you want to create jobs, increase the demand for the products corporations supply. You do that by cutting taxes for the the middle & lower class people. They will spend that money & thereby increase demand.

If you want to bring those overseas corporate profits, end the tax break that said those profits aren't taxed until they bring them home.

Then, consider how much money Trump will profit from this tax break. Conflict of interest.

This tax break will not help struggling companies that make no or little profit.

It will actually reduce some investments. Corporatioins buying equipment, etc get a tax write off worth 35% & now that write off is only worth 15%.

'Trump is only helping himself.

If you hate being "handed money", then go ahead and send me 10% of your paycheck.

 

[Iceweasel]

Reagan nearly doubled the federal income.

No, he didn't.

From the Tax Policy Center:

Receipts (in billions, 2009 Current dollars)
1981: $599.3
1988: $909.2

$991.1 - $599.3 = $309.9

$309.9/$599.3 = 52% growth, not 100% growth. Not even "nearly" 100% growth.

By contrast, Clinton took office in 1993, raised taxes, and federal revenues went from $1,154.3 up to $2,025 by 2000.

$2,025 - $1,154 = $871

$871/$1,154 = 75%

By contrast, Obama took office in 2009, let some tax cuts expire, and federal revenues went from $2,105 in 2009 to $3,335 through 2016.

$3,335 - $2,105 = $1,230

$1,230/$2,105 = 58%

So Clinton and Obama both grew federal revenues more than Reagan.

Your claim is factually incorrect. And because your argument hinges on this claim, the whole fucking thing unravels once the stray thread is pulled.

Clinton and Obama both had a Republican congress to deal with. You know, the people that have the purse strings. Your claim is factually incorrect, you don't get to reinvent reality to forward your leftist horseshit.

The Real Reagan Economic Record: Responsible and Successful Fiscal Policy
HOW DID THE REAGAN TAX CUTS AFFECT THE U.S. TREASURY?
Many critics of reducing taxes claim that the Reagan tax cuts drained the U.S. Treasury. The reality is that federal revenues increased significantly between 1980 and 1990:

• Total federal revenues doubled from just over $517 billion in 1980 to more than $1 trillion in 1990. In constant inflation-adjusted dollars, this was a 28 percent increase in revenue.3
  
  
• As a percentage of the gross domestic product (GDP), federal revenues declined only slightly from 18.9 percent in 1980 to 18 percent in 1990.4
  
  
• 5 In inflation-adjusted dollars, this amounts to a 25 percent increase.

 

[RealDave]

I have news for the ultimate business man of all time, El Dumpster. Handing corporations money through tax cuts do not create jobs. Corporations hire people when they have a need.

If you want to create jobs, increase the demand for the products corporations supply. You do that by cutting taxes for the the middle & lower class people. They will spend that money & thereby increase demand.

If you want to bring those overseas corporate profits, end the tax break that said those profits aren't taxed until they bring them home.

Then, consider how much money Trump will profit from this tax break. Conflict of interest.

This tax break will not help struggling companies that make no or little profit.

It will actually reduce some investments. Corporatioins buying equipment, etc get a tax write off worth 35% & now that write off is only worth 15%.

'Trump is only helping himself.

If you hate being "handed money", then go ahead and send me 10% of your paycheck.

I am sure that you are used to hand outs.

 

[RealDave]

Take the conservative thought that cutting taxes on companies creates jobs. Cut it to zero then. We'll have too many jobs to fill according to the fantasy economy cons see in their minds.

And this is why conservatives are so bad at economics. They think the theory of capitalism is exactly the same as the application of capitalism. They always hold some pollyanna view of things and reject any reality that contradicts it. Trickle-down economics has been proven to not work for 30 years, it only increases the national debt, but they cling to the past like a crack addict clings to his pipe.

Many corporations are paying zero, do you ever listen to anything other than commie news? They are typically in bed with government and have sweetheart deals.

It's been proven that cutting taxes creates jobs, Reagan nearly doubled the federal income. More workers = more taxes being collected overall. However 15% for them all seems reasonable, close the loopholes and more revenue will come in, not less. The corporate tax is so high the mega rich find ways around it.

I have no idea what the application of capitalism is supposed to mean. I'm sure you don't either. Your brain is only capable of reciting a few talking points that sound good to you. You do your namesake an extreme disservice.

I read the entire page. What loopholes is he closing?

He just handed rich people huge breaks in the elimination of the ALT & Estate taxes & the 3-4% Obama added.

Trump Org is a pass through corporation & Trump just handed himself hundreds of mil;lion of dollars & you are too stupid to care.

How many Americans is he hiring? Not the imported labor orange bastard usually hires.

 

[Wyatt earp]

Take the conservative thought that cutting taxes on companies creates jobs. Cut it to zero then. We'll have too many jobs to fill according to the fantasy economy cons see in their minds.

And this is why conservatives are so bad at economics. They think the theory of capitalism is exactly the same as the application of capitalism. They always hold some pollyanna view of things and reject any reality that contradicts it. Trickle-down economics has been proven to not work for 30 years, it only increases the national debt, but they cling to the past like a crack addict clings to his pipe.

Many corporations are paying zero, do you ever listen to anything other than commie news? They are typically in bed with government and have sweetheart deals.

It's been proven that cutting taxes creates jobs, Reagan nearly doubled the federal income. More workers = more taxes being collected overall. However 15% for them all seems reasonable, close the loopholes and more revenue will come in, not less. The corporate tax is so high the mega rich find ways around it.

I have no idea what the application of capitalism is supposed to mean. I'm sure you don't either. Your brain is only capable of reciting a few talking points that sound good to you. You do your namesake an extreme disservice.

I read the entire page. What loopholes is he closing?

He just handed rich people huge breaks in the elimination of the ALT & Estate taxes & the 3-4% Obama added.

Trump Org is a pass through corporation & Trump just handed himself hundreds of mil;lion of dollars & you are too stupid to care.

How many Americans is he hiring? Not the imported labor orange bastard usually hires.

Wow

How many Americans is he hiring? Not the imported labor orange bastard usually hires.

You trying to hide this bitch?

 

[The Derp]

You can't see the big picture..one you truly ignore

What big picture? Conservatives don't think big picture. That's why they had no Obamacare replacement ready to go on day one of President Orange Cheeto.

 

[Iceweasel]

You can't see the big picture..one you truly ignore

What big picture? Conservatives don't think big picture. That's why they had no Obamacare replacement ready to go on day one of President Orange Cheeto.

LOL. You head is a mile up your ass. Liberals don't think, period. They feel. The Republicans did not and do not have 60 votes to change law in the senate DUMBFUCK. They can't undo it except in some parts via budgeting.

 

[The Derp]

How many Americans is he hiring? Not the imported labor orange bastard usually hires.
You trying to hide this bitch?

It is a known fact that Trump imports foreign workers through the very same HB1 visas that account for so many illegal immigrants that overstay those visas.

 

[Wyatt earp]

You can't see the big picture..one you truly ignore

What big picture? Conservatives don't think big picture. That's why they had no Obamacare replacement ready to go on day one of President Orange Cheeto.

Why are you a racist?