The President and Democrats are insane

[Meister]

They have and will go overseas no matter what is done, unless you want to make 50 cents and hour to please the greedy corporatists.

Are you for real? Make this country a business friendly country and they will come back. It's not all about the wages, fool.

Actually, wages do play into companies hiring offshore! Even with wages being flat since the 80's, companies still get cheaper labor offshore. Typically, employee wages/salaries are anywhere from 30% to upwards of 50% of the cost of running a business ****. If a business can cut it's wages by 50% and lower their overall cost of doing business by 15% to 25%,would they do it? The answer is yes. And companies are doing it! This sure helps explain why businesses are having record profits during a basically world-wide economic downturn.

***** What percent of your revenue should be allocated to payroll? | Second Wind Consultants | SBA Loan Default Experts

That is a collateral reason, the main reason is that there is a 40% corporate tax rate in the US and around 25% in foreign countries including China. Spin this whatever way you want, but the main reason isn't employee wages.

 

[Moonglow]

How many industries has he nationalized?

Healthcare, GM........he knows he can't go too fast. He has to do it slowly through the political process. The progressives have been at it since teddy. He being backed by known socialists is proof enough for me.

don't forget the entire student loan industry, but yes democracy is a "messy process", so he can't move fast enough for libs.

the student loan program was run by private industry(thank to Reagan, before it was a govt run program), but they charged higher interst than the govt.
also student loans are not an industry.

The massive health-care reform legislation -- which the House approved last night -- also would end an expensive program by which the federal government paid banks and other private lenders to provide federally backed loans to students who chose this route. In this program, if students defaulted on their loans, the banks got paid by the government anyway.

President Obama instead pushed for the Education Department, which already provides student assistance, to grant all federally backed loans. To get rid of the middlemen, in other words.

The result: Billions of dollars in subsidies to private lenders saved, more than $60 billion over the next decade. It’s the biggest change in the government’s efforts to help students pay for college since they began decades ago.

The Answer Sheet - Obama's student loan reform -- a no-brainer

 

[Moonglow]

Are you for real? Make this country a business friendly country and they will come back. It's not all about the wages, fool.

Actually, wages do play into companies hiring offshore! Even with wages being flat since the 80's, companies still get cheaper labor offshore. Typically, employee wages/salaries are anywhere from 30% to upwards of 50% of the cost of running a business ****. If a business can cut it's wages by 50% and lower their overall cost of doing business by 15% to 25%,would they do it? The answer is yes. And companies are doing it! This sure helps explain why businesses are having record profits during a basically world-wide economic downturn.

***** What percent of your revenue should be allocated to payroll? | Second Wind Consultants | SBA Loan Default Experts

That is a collateral reason, the main reason is that there is a 40% corporate tax rate in the US and around 25% in foreign countries including China. Spin this whatever way you want, but the main reason isn't employee wages.

corporations have tax deductions which offsets the taxes they pay. Many corporations pay little or no tax.

 

[OohPooPahDoo]

Are you for real? Make this country a business friendly country and they will come back. It's not all about the wages, fool.

Actually, wages do play into companies hiring offshore! Even with wages being flat since the 80's, companies still get cheaper labor offshore. Typically, employee wages/salaries are anywhere from 30% to upwards of 50% of the cost of running a business ****. If a business can cut it's wages by 50% and lower their overall cost of doing business by 15% to 25%,would they do it? The answer is yes. And companies are doing it! This sure helps explain why businesses are having record profits during a basically world-wide economic downturn.

***** What percent of your revenue should be allocated to payroll? | Second Wind Consultants | SBA Loan Default Experts

That is a collateral reason, the main reason is that there is a 40% corporate tax rate in the US and around 25% in foreign countries including China. Spin this whatever way you want, but the main reason isn't employee wages.

Its 35%, not 40%.

 

[OohPooPahDoo]

With your healthcare drivel, it is the natural progression going from private to government the way it's set up. Even Barny Franks says so.

Great.

 

[Moonglow]

Healthcare, GM........he knows he can't go too fast. He has to do it slowly through the political process. The progressives have been at it since teddy. He being backed by known socialists is proof enough for me.

the government owes no shares of stock in GM. It is a publicly held corporation, supported by private investors. All the govt. did was loan them monies and held collaterial in stock, once the loan was repaid the stocks were sold, every bank does it.
The healthcare industry mandate is run by private insurance companies and the medical services are all private, no govt. people or industries are controlled or owned by the government.
try again.
Please show me how Obama is a socialist.

socialists als donate to republicans.

GM went public last year, allowing the U.S. government to nearly halve its 61-percent stake in the automaker. The government currently holds 32 percent of GM's common equity.


By the way it's different when a public company like a bank buys and sells stock. It's quite odd when the fed. government does it.....

With your healthcare drivel, it is the natural progression going from private to government the way it's set up. Even Barny Franks says so.

REALITY: Conservatives have trotted out "socialized medicine" smear for 75 years -- and it's never been true. Numerous conservative media figures have revived the "socialized medicine" smear to undermine the efforts of Obama and congressional Democrats, most recently by promoting Ronald Reagan's 1961 attacks on a legislative precursor to Medicare. But as the Urban Institute wrote in an April 2008 analysis, "socialized medicine involves government financing and direct provision of health care services," and therefore, recent progressive health-care reform proposals do not "fit this description." The analysis also noted: "Similar rhetoric was used to defeat national health care reform proposals in the 1990s and, with less success, to argue against the creation of Medicare in the 1960s." Indeed, a Media Matters for America analysis found that dating as far back as the 1930s -- with respect to at least 16 different reform initiatives including President Franklin D. Roosevelt's consideration of government health insurance when crafting the 1935 Social Security bill; President Lyndon Johnson's 1965 legislation establishing Medicare; and the health-care initiative by President Bill Clinton and first lady Hillary Clinton in 1993 and 1994 -- conservatives have attempted to smear those proposals by calling them "socialized medicine" or a step toward that purportedly inevitable result.

Myths and falsehoods about health care reform | Media Matters for America

 

[kiwiman127]

Deflection. We're talking about job growth, Cut, Cap and balance will surely add jobs as it will show that there is going to be some stability with our government with spending which will help job growth. Look and think outside your box. The last I looked, Mitt is a republican. Thanks for playing.

Stability and job growth occurred during Reagan and his tax increase and deficit spending and it occurred during Clinton.
try again
Romney is a neocon, he is no conservative republican or tea party member. And he has not introduced any bills to Congress.

What are you talking about? Reagan lowered the corporate tax rate in 1986 to around 20%. It's now at around 40%, and other countries are much lower inticing our corporations to move over there.
Mitt, does have a plan to get the jobs , along with the other sites that plymco suggested.

Actually, in modern history the lowest corporate rates have been was at 28% in 1988 and 1989, the rates previous to that ran from 70% down to 50%, with 1987's being 38.5%, then gradually increased to 39.6% before they were dropped to 35%.**** Of course increased loopholes accompanies the recent rate changes.
With all the loopholes in the US's tax laws, most corporations pay a much lower tax rate than at the effective 35%, thus making the US Corporate Tax Rate much lower to the point in some cases of 0%.*****

**** Historical Top Tax Rate

***** http://www.nytimes.com/2011/02/02/business/economy/02leonhardt.html

***** Google 2.4% Rate Shows How $60 Billion Lost to Tax Loopholes - Bloomberg

***** Study says most corporations pay no U.S. income taxes | Reuters

 

[Moonglow]

GM went public last year, allowing the U.S. government to nearly halve its 61-percent stake in the automaker. The government currently holds 32 percent of GM's common equity.

White House: US Has 'Clear Path' for Selling GM Stake

"The government remains a reluctant shareholder and intends to dispose of its investment as soon as practicable,

Read more: White House: US Has 'Clear Path' for Selling GM Stake
Important: Can you afford to Retire? Shocking Poll Results

I was wrong about the Govt. shares in GM stock. But the industry was not nationalized and the govt. plans to sell of it's remaing stake in GM.
But still no proof that Obama is a socialists.

 

[Meister]

the government owes no shares of stock in GM. It is a publicly held corporation, supported by private investors. All the govt. did was loan them monies and held collaterial in stock, once the loan was repaid the stocks were sold, every bank does it.
The healthcare industry mandate is run by private insurance companies and the medical services are all private, no govt. people or industries are controlled or owned by the government.
try again.
Please show me how Obama is a socialist.

socialists als donate to republicans.

GM went public last year, allowing the U.S. government to nearly halve its 61-percent stake in the automaker. The government currently holds 32 percent of GM's common equity.


By the way it's different when a public company like a bank buys and sells stock. It's quite odd when the fed. government does it.....

With your healthcare drivel, it is the natural progression going from private to government the way it's set up. Even Barny Franks says so.

REALITY: Conservatives have trotted out "socialized medicine" smear for 75 years -- and it's never been true. Numerous conservative media figures have revived the "socialized medicine" smear to undermine the efforts of Obama and congressional Democrats, most recently by promoting Ronald Reagan's 1961 attacks on a legislative precursor to Medicare. But as the Urban Institute wrote in an April 2008 analysis, "socialized medicine involves government financing and direct provision of health care services," and therefore, recent progressive health-care reform proposals do not "fit this description." The analysis also noted: "Similar rhetoric was used to defeat national health care reform proposals in the 1990s and, with less success, to argue against the creation of Medicare in the 1960s." Indeed, a Media Matters for America analysis found that dating as far back as the 1930s -- with respect to at least 16 different reform initiatives including President Franklin D. Roosevelt's consideration of government health insurance when crafting the 1935 Social Security bill; President Lyndon Johnson's 1965 legislation establishing Medicare; and the health-care initiative by President Bill Clinton and first lady Hillary Clinton in 1993 and 1994 -- conservatives have attempted to smear those proposals by calling them "socialized medicine" or a step toward that purportedly inevitable result.

Myths and falsehoods about health care reform | Media Matters for America

So even your Barny Frank is lying about this obamacare, huh? Even though if employers stop offering healthcare, the employee will be stuck with............
Is that what your trying to say?

 

[Conservative]

and the republicans have offered what to increase jobs?

Been posted multiple times...


Eric Cantor || Majority Leader || Blog || Senator Reid Blocks Republican Jobs Bills

Below is a list of measures House Republicans have passed related to job creation:


Empower Small Business Owners and Reduce Regulatory Burdens:

H.R. 872, the Reducing Regulatory Burdens Act

Introduced by Rep. Bob Gibbs (OH) on March 2, 2011
Passed the House by a vote of 292-130 on March 31, 2011
Senate has taken no action to date

H.R. 910, the Energy Tax Prevention Act

Introduced by Rep. Fred Upton (MI) on March 3, 2011
Passed the House by a vote of 255-172 on April 7, 2011
Senate has taken no action to date

H.J.Res. 37, a Resolution of disapproval regarding the FCC’s regulation of the Internet and broadband industry practices

Introduced by Rep. Greg Walden (OR) on February 16, 2011
Passed the House by a vote of 240 to 179 on April 8, 2011
Senate has taken no action to date

H.Res. 72, a Resolution to direct committees to inventory and review existing, pending, and proposed regulations and order from agencies of the Federal Government, particularly with respect to their effect on jobs and economic growth



Introduced by Rep. Pete Sessions (TX) on February 8, 2011
Passed the House by a vote of 391 to 28 on February 11, 2011
The Senate has not directed their committees to take such action


Fix The Tax Code To Help Job Creators:

H.R. 4, the Small Business Paperwork Mandate Elimination Act

Introduced by Rep. Dan Lungren (CA) on January 12, 2011
Passed the House by a vote of 314 to 112 on March 3, 2011
Passed the Senate by a vote of 87 to 12 on March 31, 2011
Signed into law by the President on April 14, 2011

Maximize Domestic Energy Production To Ensure An Energy Policy For The Twenty-First Century:

H.R. 1230, Restarting American Offshore Leasing Now Act

Introduced by Rep. Doc Hastings (WA) on March 29, 2011
Passed the House by a vote of 266-149 on May 5, 2011
Senate has taken no action to date

H.R. 1229, Putting the Gulf of Mexico Back to Work Act

Introduced by Rep. Doc Hastings (WA) on March 29, 2011
Passed the House by a vote of 263-163 on May 11, 2011
Senate has taken no action to date

H.R. 1231, Reversing President Obama’s Offshore Moratorium Act

Introduced by Rep. Doc Hastings (WA) on March 29, 2011
Passed the House by a vote of 243-179 on May 12, 2011
Senate has taken no action to date

Pay Down America’s Unsustainable Debt Burden and Start Living Within Our Means:

H.Con.Res. 34, a Resolution establishing the budget for the United States Government for fiscal year 2012 and setting forth appropriate budgetary levels for fiscal years 2013 through 2021

Introduced by Rep. Paul Ryan (WI) on April 11, 2011
Passed the House by a vote of 235-193 on April 15, 2011
Senate has not yet considered a budget of their own

 

[jillian]

and the republicans have offered what to increase jobs?

The Roadmap Plan | A Roadmap for America's Future | The Budget Committee Republicans[/url]
Balanced Budget Amendment | Americans for a Balanced Budget Amendment
Cut Cap and Balance Act | Home
Believe In America: Mitt Romney's Plan for Jobs and Economic Growth | Mitt Romney for President
just sayin

You asked, this is from Plymco yesterday

a balanced budget amendment doesn't create jobs.
austerity doesn't create jobs...

cutting the federal budget and firing people (thereby offsetting whatever jobs ARE created by private industry) doesn't create jobs.

this fantasy that is does has proven a failure...

and at this point it is intentional... because as long as the economy is bad... how did they put it... oh yeah, if obama is 'on the ropes' why should we help him"

but heck with what that does to the country.

 

[kiwiman127]

I can agree with getting rid of some regulations, in particular all the paperwork companies have to file/do.
BUT, when it comes to the basics of polluting our air, water and ground, I don't want the US to become another Texas.
As far as more financial breaks for the alleged job creators, they got some pretty good breaks in 2003, in real terms they have never had it so good, yet where are the jobs?
The lack of consumer spending is playing a huge hurtle in this country's recovery as 70% of our economy is driven by consumer spending. Trickle down has never worked as facts clearly show. Trickle down ala voodoo "economics"is as insane as any Dem proposal. As the share of the National Income has been increasingly gone to the top, consumer spending has been decreasing by the working middle class. And thus out stagnant recovery. We have a Supply and Demand economy, with the working middle class's financial inability to create demand our economy stalls.

 

[ScreamingEagle]

I can agree with getting rid of some regulations, in particular all the paperwork companies have to file/do.
BUT, when it comes to the basics of polluting our air, water and ground, I don't want the US to become another Texas.
yes....we wouldn't want those farmers to kick up a little DUST now would we...?
EPA to Crack Down on Farm Dust - News9.com - Oklahoma City, OK - News, Weather, Video and Sports |

As far as more financial breaks for the alleged job creators, they got some pretty good breaks in 2003, in real terms they have never had it so good, yet where are the jobs?
they either left the country or just disappeared....due to stifling taxes, over-regulation, oppressive lawsuits, demanding unions, high energy costs, etc.....repubs want to remove these blockades to private enterprise to engender new business and increase jobs

The lack of consumer spending is playing a huge hurtle in this country's recovery as 70% of our economy is driven by consumer spending. Trickle down has never worked as facts clearly show. Trickle down ala voodoo "economics"is as insane as any Dem proposal. As the share of the National Income has been increasingly gone to the top, consumer spending has been decreasing by the working middle class. And thus out stagnant recovery. We have a Supply and Demand economy, with the working middle class's financial inability to create demand our economy stalls.
if you oppose repub proposals but think the Dem proposals are insane what would you suggest...?

.

 

[rdean]

"The definition of insanity is doing the same thing over and over and expecting different results.” --Benjamin Franklin

Last Thursday night’s so called “Jobs Act” the president presented to the country is not a jobs act at all. It is another stimulus package designed to give Democrats phony talking points, as phony as a Barry Hussein Soetoro’s third new and improved birth certificate. These are phony talking points that are meant to redirect the national discussion away from Mr. Soetoro’s inability to solve the nation’s unemployment problems. Mr. Soetoro is directing discussion rather to Congress. The Soetoro administration would rather Americans focus on the appearance that Congress is failing to pass the Soetoro jobs bill thus the president has flipped the script on the negative impact that above 9% unemployment has on him. And it is working!

Congress and Soetoro's "Jobs bill" is a discussion that the Soetoro administration is willing to have the nation engage in. That is why the president is campaigning about the country calling his newest version of stimulus a jobs bill and saying that Congress should pass it. It's all misdirection! Read more... Creating Orwellian Worldview

You mean like cutting taxes for rich people and subsidies for corporations. We've seen it under Reagan, we've seen it under Bush. Still doesn't work.

 

[kiwiman127]

I can agree with getting rid of some regulations, in particular all the paperwork companies have to file/do.
BUT, when it comes to the basics of polluting our air, water and ground, I don't want the US to become another Texas.

yes....we wouldn't want those farmers to kick up a little DUST now would
we...?

Yeah, that Dust thing was certainly extreme and I had that one in mind when I stated "when it comes to the basics of polluting our air, water and ground"

EPA to Crack Down on Farm Dust - News9.com - Oklahoma City, OK - News, Weather, Video and Sports |

As far as more financial breaks for the alleged job creators, they got some pretty good breaks in 2003, in real terms they have never had it so good, yet where are the jobs?
they either left the country or just disappeared....due to stifling taxes, over-regulation, oppressive lawsuits, demanding unions, high energy costs, etc.....repubs want to remove these blockades to private enterprise to engender new business and increase jobs

Actually, in modern history the lowest corporate rates have been was at 28% in 1988 and 1989, the rates previous to that ran from 70% down to 50%, with 1987's being 38.5%, then gradually increased to 39.6% before they were dropped to 35%.**** Of course increased loopholes accompanies the recent rate changes.
With all the loopholes in the US's tax laws, most corporations pay a much lower tax rate than at the effective 35%, thus making the US Corporate Tax Rate much lower to the point in some cases of 0%.*****

**** http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=213

***** http://www.nytimes.com/2011/02/02/bu...leonhardt.html

***** http://www.bloomberg.com/news/2010-...illion-u-s-revenue-lost-to-tax-loopholes.html

***** http://www.reuters.com/article/2008/08/12/us-usa-taxes-corporations-idUSN1249465620080812

And Capital Gains taxes are at the lowest they have been since 1981.
What's really driving them overseas is wages. So next, they will want the minimum wage either eliminated or lowered. One really can't blame the unions much as they make up around 7% of the private workforce.

The lack of consumer spending is playing a huge hurtle in this country's recovery as 70% of our economy is driven by consumer spending. Trickle down has never worked as facts clearly show. Trickle down ala voodoo "economics"is as insane as any Dem proposal. As the share of the National Income has been increasingly gone to the top, consumer spending has been decreasing by the working middle class. And thus out stagnant recovery. We have a Supply and Demand economy, with the working middle class's financial inability to create demand our economy stalls.
if you oppose repub proposals but think the Dem proposals are insane what would you suggest...?

.

This is why non-partisan compromise is certainly needed.
Our government needs to address todays issues like successful businesses address changing times in the marketplace. In order for a business to succeed, they adjust their approach. They field many ideas from many angles and come to a solution. It requires an open-mind and flexibility with the goal being success for the business. There's no room for individual gains when the success of the company is the main goal.
With our current political parties, it's all about the next election and getting the upper hand. If businesses were run like our current political structure runs our country, businesses would fail time after time.
It's time for putting party/ideology first to end. Otherwise, the US will continue it's downward spiral. The only way the US is going to reverse it's slide is through open-minded compromise, realizing past mistakes and learning from the past mistakes.

I hope you can read my responses, I tried to add blue responses to your red responses and keep it that way but alas, I couldn't, your responses to my initial post changed your remarks to blue!!!!!!!

 

[ScreamingEagle]

I can agree with getting rid of some regulations, in particular all the paperwork companies have to file/do.
BUT, when it comes to the basics of polluting our air, water and ground, I don't want the US to become another Texas.

yes....we wouldn't want those farmers to kick up a little DUST now would
we...?

Yeah, that Dust thing was certainly extreme and I had that one in mind when I stated "when it comes to the basics of polluting our air, water and ground"

glad you agree

EPA to Crack Down on Farm Dust - News9.com - Oklahoma City, OK - News, Weather, Video and Sports |

As far as more financial breaks for the alleged job creators, they got some pretty good breaks in 2003, in real terms they have never had it so good, yet where are the jobs?
they either left the country or just disappeared....due to stifling taxes, over-regulation, oppressive lawsuits, demanding unions, high energy costs, etc.....repubs want to remove these blockades to private enterprise to engender new business and increase jobs

Actually, in modern history the lowest corporate rates have been was at 28% in 1988 and 1989, the rates previous to that ran from 70% down to 50%, with 1987's being 38.5%, then gradually increased to 39.6% before they were dropped to 35%.**** Of course increased loopholes accompanies the recent rate changes.
With all the loopholes in the US's tax laws, most corporations pay a much lower tax rate than at the effective 35%, thus making the US Corporate Tax Rate much lower to the point in some cases of 0%.*****

yes the various loopholes and accounting trickery can bring down the effective rate.... at least for those companies which can afford it or those which get "special dispensation" from the government....that is how government butts into private enterprise and plays favorites....so some companies wind up paying no effective corporate tax....GE comes to mind...yet the smaller companies of middle America suffer the higher rates

**** Historical Top Tax Rate

***** http://www.nytimes.com/2011/02/02/bu...leonhardt.html

***** Google 2.4% Rate Shows How $60 Billion Lost to Tax Loopholes - Bloomberg

***** Study says most corporations pay no U.S. income taxes | Reuters

And Capital Gains taxes are at the lowest they have been since 1981.
What's really driving them overseas is wages. So next, they will want the minimum wage either eliminated or lowered. One really can't blame the unions much as they make up around 7% of the private workforce.

eliminating the min wage would help business...and if we lowered or even eliminated corporate tax that may make us competitive again....you do realize that corporate tax is ultimately paid for by the consumer, don't you? of course government would not like that....as it would reduce the amount of money it had to play with...

The lack of consumer spending is playing a huge hurtle in this country's recovery as 70% of our economy is driven by consumer spending. Trickle down has never worked as facts clearly show. Trickle down ala voodoo "economics"is as insane as any Dem proposal. As the share of the National Income has been increasingly gone to the top, consumer spending has been decreasing by the working middle class. And thus out stagnant recovery. We have a Supply and Demand economy, with the working middle class's financial inability to create demand our economy stalls.
if you oppose repub proposals but think the Dem proposals are insane what would you suggest...?

This is why non-partisan compromise is certainly needed.
Our government needs to address todays issues like successful businesses address changing times in the marketplace. In order for a business to succeed, they adjust their approach. They field many ideas from many angles and come to a solution. It requires an open-mind and flexibility with the goal being success for the business. There's no room for individual gains when the success of the company is the main goal.
With our current political parties, it's all about the next election and getting the upper hand. If businesses were run like our current political structure runs our country, businesses would fail time after time.
It's time for putting party/ideology first to end. Otherwise, the US will continue it's downward spiral. The only way the US is going to reverse it's slide is through open-minded compromise, realizing past mistakes and learning from the past mistakes.

i'd say compromise right now is impossible....it is time for Repubs to win both Houses and the Presidency in 2012 in order to save our country...

I hope you can read my responses, I tried to add blue responses to your red responses and keep it that way but alas, I couldn't, your responses to my initial post changed your remarks to blue!!!!!!![/color]

hmm i thought i posted in blue...weird....anyway this time i posted in green...

.

 

[kiwiman127]

I can agree with getting rid of some regulations, in particular all the paperwork companies have to file/do.
BUT, when it comes to the basics of polluting our air, water and ground, I don't want the US to become another Texas.

yes....we wouldn't want those farmers to kick up a little DUST now would
we...?

Yeah, that Dust thing was certainly extreme and I had that one in mind when I stated "when it comes to the basics of polluting our air, water and ground"

glad you agree

EPA to Crack Down on Farm Dust - News9.com - Oklahoma City, OK - News, Weather, Video and Sports |

As far as more financial breaks for the alleged job creators, they got some pretty good breaks in 2003, in real terms they have never had it so good, yet where are the jobs?
they either left the country or just disappeared....due to stifling taxes, over-regulation, oppressive lawsuits, demanding unions, high energy costs, etc.....repubs want to remove these blockades to private enterprise to engender new business and increase jobs

Actually, in modern history the lowest corporate rates have been was at 28% in 1988 and 1989, the rates previous to that ran from 70% down to 50%, with 1987's being 38.5%, then gradually increased to 39.6% before they were dropped to 35%.**** Of course increased loopholes accompanies the recent rate changes.
With all the loopholes in the US's tax laws, most corporations pay a much lower tax rate than at the effective 35%, thus making the US Corporate Tax Rate much lower to the point in some cases of 0%.*****

yes the various loopholes and accounting trickery can bring down the effective rate.... at least for those companies which can afford it or those which get "special dispensation" from the government....that is how government butts into private enterprise and plays favorites....so some companies wind up paying no effective corporate tax....GE comes to mind...yet the smaller companies of middle America suffer the higher rates

**** Historical Top Tax Rate

***** http://www.nytimes.com/2011/02/02/bu...leonhardt.html

***** Google 2.4% Rate Shows How $60 Billion Lost to Tax Loopholes - Bloomberg

***** Study says most corporations pay no U.S. income taxes | Reuters

And Capital Gains taxes are at the lowest they have been since 1981.
What's really driving them overseas is wages. So next, they will want the minimum wage either eliminated or lowered. One really can't blame the unions much as they make up around 7% of the private workforce.

eliminating the min wage would help business...and if we lowered or even eliminated corporate tax that may make us competitive again....you do realize that corporate tax is ultimately paid for by the consumer, don't you? of course government would not like that....as it would reduce the amount of money it had to play with...

The lack of consumer spending is playing a huge hurtle in this country's recovery as 70% of our economy is driven by consumer spending. Trickle down has never worked as facts clearly show. Trickle down ala voodoo "economics"is as insane as any Dem proposal. As the share of the National Income has been increasingly gone to the top, consumer spending has been decreasing by the working middle class. And thus out stagnant recovery. We have a Supply and Demand economy, with the working middle class's financial inability to create demand our economy stalls.
if you oppose repub proposals but think the Dem proposals are insane what would you suggest...?

This is why non-partisan compromise is certainly needed.
Our government needs to address todays issues like successful businesses address changing times in the marketplace. In order for a business to succeed, they adjust their approach. They field many ideas from many angles and come to a solution. It requires an open-mind and flexibility with the goal being success for the business. There's no room for individual gains when the success of the company is the main goal.
With our current political parties, it's all about the next election and getting the upper hand. If businesses were run like our current political structure runs our country, businesses would fail time after time.
It's time for putting party/ideology first to end. Otherwise, the US will continue it's downward spiral. The only way the US is going to reverse it's slide is through open-minded compromise, realizing past mistakes and learning from the past mistakes.

I'd say compromise right now is impossible....it is time for Repubs to win both Houses and the Presidency in 2012 in order to save our country...

I hope you can read my responses, I tried to add blue responses to your red responses and keep it that way but alas, I couldn't, your responses to my initial post changed your remarks to blue!!!!!!![/color]

hmm i thought i posted in blue...weird....anyway this time i posted in green...

.

Hey, I'd like to continue this discussion, but it'll have to be later tonight before I respond. I'm on my way to workout and then I'm the cook tonight and after that I have to spend some time bonding with my wife. But she goes to be early, so at that time,,,"I'll be bock"!
I wonder what color I'll choose! The possibilities are almost endless!
And,thanks for the discussion!

 

[kiwiman127]

I can agree with getting rid of some regulations, in particular all the paperwork companies have to file/do.
BUT, when it comes to the basics of polluting our air, water and ground, I don't want the US to become another Texas.

yes....we wouldn't want those farmers to kick up a little DUST now would
we...?

Yeah, that Dust thing was certainly extreme and I had that one in mind when I stated "when it comes to the basics of polluting our air, water and ground"

glad you agree

EPA to Crack Down on Farm Dust - News9.com - Oklahoma City, OK - News, Weather, Video and Sports |

As far as more financial breaks for the alleged job creators, they got some pretty good breaks in 2003, in real terms they have never had it so good, yet where are the jobs?
they either left the country or just disappeared....due to stifling taxes, over-regulation, oppressive lawsuits, demanding unions, high energy costs, etc.....repubs want to remove these blockades to private enterprise to engender new business and increase jobs

Actually, in modern history the lowest corporate rates have been was at 28% in 1988 and 1989, the rates previous to that ran from 70% down to 50%, with 1987's being 38.5%, then gradually increased to 39.6% before they were dropped to 35%.**** Of course increased loopholes accompanies the recent rate changes.
With all the loopholes in the US's tax laws, most corporations pay a much lower tax rate than at the effective 35%, thus making the US Corporate Tax Rate much lower to the point in some cases of 0%.*****

yes the various loopholes and accounting trickery can bring down the effective rate.... at least for those companies which can afford it or those which get "special dispensation" from the government....that is how government butts into private enterprise and plays favorites....so some companies wind up paying no effective corporate tax....GE comes to mind...yet the smaller companies of middle America suffer the higher rates

I realize that the corporate tax structure isn't progressive and certain brackets actually have a higher effective rate than the top percentile, which is one good reason why the there should be reform in regards to the corporate tax tables, if anything it should be progressive or flat. But, if any company is actually paying the effective rate, well then they need new accountants.
Also, if the government were to pay favorites, it should be with the smaller corporations as they would be more than likely to hiring within the country. We all know that small businesses are responsible for more American jobs than the Super -Size Corporations.

**** Historical Top Tax Rate

***** http://www.nytimes.com/2011/02/02/bu...leonhardt.html

***** Google 2.4% Rate Shows How $60 Billion Lost to Tax Loopholes - Bloomberg

***** Study says most corporations pay no U.S. income taxes | Reuters

And Capital Gains taxes are at the lowest they have been since 1981.
What's really driving them overseas is wages. So next, they will want the minimum wage either eliminated or lowered. One really can't blame the unions much as they make up around 7% of the private workforce.

eliminating the min wage would help business...and if we lowered or even eliminated corporate tax that may make us competitive again....you do realize that corporate tax is ultimately paid for by the consumer, don't you? of course government would not like that....as it would reduce the amount of money it had to play with...

I have a problem with your thinking with the elimination of corporate taxes, that is un-American! Why should Corporate America go tax free and where is the loss revenue going to come from? It would be working Americans who have seen no to little income growth in Real Dollars since the 1980's!
Which brings me to eliminating the minimum wage. That move would ensure the continuation of flat to no wage growth and would enhance actual reduction in wages. Hasn't Main Street America been hurt enough?

The lack of consumer spending is playing a huge hurtle in this country's recovery as 70% of our economy is driven by consumer spending. Trickle down has never worked as facts clearly show. Trickle down ala voodoo "economics"is as insane as any Dem proposal. As the share of the National Income has been increasingly gone to the top, consumer spending has been decreasing by the working middle class. And thus out stagnant recovery. We have a Supply and Demand economy, with the working middle class's financial inability to create demand our economy stalls.
if you oppose repub proposals but think the Dem proposals are insane what would you suggest...?

This is why non-partisan compromise is certainly needed.
Our government needs to address todays issues like successful businesses address changing times in the marketplace. In order for a business to succeed, they adjust their approach. They field many ideas from many angles and come to a solution. It requires an open-mind and flexibility with the goal being success for the business. There's no room for individual gains when the success of the company is the main goal.
With our current political parties, it's all about the next election and getting the upper hand. If businesses were run like our current political structure runs our country, businesses would fail time after time.
It's time for putting party/ideology first to end. Otherwise, the US will continue it's downward spiral. The only way the US is going to reverse it's slide is through open-minded compromise, realizing past mistakes and learning from the past mistakes.

I'd say compromise right now is impossible....it is time for Repubs to win both Houses and the Presidency in 2012 in order to save our country...

Well, as my avatar states, I'm a moderate and as I stated in my business approach to problems versus the political approach, I strongly believe in having in using a variety of ideas in tackling problems. This country, the Bill of Rights and it's greatness was the result of many voices and compromise. Therefore, I do not want our government run by one party controlling the White House, the House and the Senate. Recent history should be an excellent lesson, we had complete control by the GOP from 2001-2007 and complete control by the Dems 2009-2011 and look at the results! America is paying the price today and will into the future! As a matter of fact, America never has seen good fortune when ever we have had a situation of complete control by one party.
No thanks!

I hope you can read my responses, I tried to add blue responses to your red responses and keep it that way but alas, I couldn't, your responses to my initial post changed your remarks to blue!!!!!!![/color]

hmm i thought i posted in blue...weird....anyway this time i posted in green...

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So, we disagree on some things but that's OK.