WHAT are the "billions in tax breaks to Corporations" Warren describes?

[healthmyths]

After her [ Elizabeth Warren] speech, she joined Massachusetts firefighters for a photo, then gave an impromptu speech about the outrage that “you are out there with your begging bowls” while billions in tax breaks go to corporations.
Democrats are not so fired up about Hillary Clinton - The Washington Post

"Billions in tax breaks go to corporations"
Here are the "billions in tax breaks she refers to:
Take a look at the below table and tell me what group gets the advantage of nearly $600 billion a year
in tax loop hole write offs?
Without the tax write offs on health insurance/pension contributions...who would pay?
The working American!
Who gets to deduct child care PLUS get PAID by the government, i.e. "Earned Income tax credit"
Add all the below tax expenditures and who benefits most?
-- Employees' health insurance premiums deduction from taxes in 2013 $248 billion -- tax break paying
for employees' insurance... who benefits??? Employees... little people...
-- Employees' pension payments.. total deduction from taxes in 2013 $137 billion
-- Employee mortgage interest deductions in 2013 $ 70 billion...
-- Employee SS/Railroad benefits deductions benefitting employees.. in 2013 $33 billion
-- Earned income tax credit totally directly to the Little people $61 billion
-- Child tax credit meaning little people deduct $57 billion from their taxes
This is directly related to the Little people... the firemen Warren talked to.. a total of $606 billion or 66%
of the total deductions "i.e. TAX LOOPHOLES that are taken... 66% taken for the benefit of the employees/little people...
RIGHT let's take all those tax benefits away and that would mean $606 billion more income to the Federal government!
THESE are the facts folks but again most of you LIPs are so ill-informed it is disgusting how dumb you guys are!
https://www.cbo.gov/sites/default/files/43768_DistributionTaxExpenditures.pdf

 

[SassyIrishLass]

I pay little attention to Fauxahontas

 

[healthmyths]

I pay little attention to Fauxahontas

I couldn't agree about this woman who is less an indian then my 1/64th Indian blood!
She just happens to be though one of those cliched ridden people who didn't know that these "tax deductions" are not just rich that gain from the "tax loopholes"!

 

[ScreamingEagle]

is she really mad about all the tax breaks to favored corporations...like GE....that were handed out by OBAMA and the DEMOCRATS.....? I doubt it...

Poco and the left are actually more interested in suffocating the middle class....

 

[The Rabbi]

The ethanol industry and the green power industry get trillions in tax breaks. She should start there. She wont. Because she's lying democrat scum.

 

[healthmyths]

The ethanol industry and the green power industry get trillions in tax breaks. She should start there. She wont. Because she's lying democrat scum.

"TRILLIONS"?????? Geez when will you comprehend what you said just shows how stupid you are!
FACTS FACTS FACTS!!!
Here is what the Government reports as "tax breaks" OK!!!
Exaggerations like yours are just harmful because they are just what idiots make!
https://www.cbo.gov/sites/default/files/43768_DistributionTaxExpenditures.pdf
PLEASE don't exaggerate! It is so embarrassing !

 

[The Rabbi]

The ethanol industry and the green power industry get trillions in tax breaks. She should start there. She wont. Because she's lying democrat scum.

"TRILLIONS"?????? Geez when will you comprehend what you said just shows how stupid you are!
FACTS FACTS FACTS!!!
Here is what the Government reports as "tax breaks" OK!!!
Exaggerations like yours are just harmful because they are just what idiots make!
https://www.cbo.gov/sites/default/files/43768_DistributionTaxExpenditures.pdf
PLEASE don't exaggerate! It is so embarrassing !
View attachment 37665

You are literally insane. You have no idea what "tax break" means. Stop it. Just stop it.

 

[healthmyths]

America's corn farmers have been benefiting from annual federal subsidies of around $6 billion in recent years,
6 billion-a-year ethanol subsidy dies -- but wait there s more - U.S. News
NOT TRILLIONS!!!

 

[The Rabbi]

America's corn farmers have been benefiting from annual federal subsidies of around $6 billion in recent years,
6 billion-a-year ethanol subsidy dies -- but wait there s more - U.S. News
NOT TRILLIONS!!!

That 6b/yr. Add in the subsidies for electric cars, biodiesel, wind power, etc etc and its' 1T.

 

[healthmyths]

The ethanol industry and the green power industry get trillions in tax breaks. She should start there. She wont. Because she's lying democrat scum.

"TRILLIONS"?????? Geez when will you comprehend what you said just shows how stupid you are!
FACTS FACTS FACTS!!!
Here is what the Government reports as "tax breaks" OK!!!
Exaggerations like yours are just harmful because they are just what idiots make!
https://www.cbo.gov/sites/default/files/43768_DistributionTaxExpenditures.pdf
PLEASE don't exaggerate! It is so embarrassing !
View attachment 37665

You are literally insane. You have no idea what "tax break" means. Stop it. Just stop it.

TAX BREAKS MEAN...
Tax break is a term referring to any item which avoids taxes, including any tax exemption, tax deduction, or tax credit. Tax break - Wikipedia the free encyclopedia

INSANE?? "Trillions"????

I showed you but you ignore it THE FEDERAL Government's acknowledged TAX BREAKS!
Biggest is $248 billion NOT TRILLIONS!!!
https://www.cbo.gov/sites/default/files/43768_DistributionTaxExpenditures.pdf

Quit exaggerating as it is just stupid when the internet is so easy to get the FACTS!

 

[healthmyths]

America's corn farmers have been benefiting from annual federal subsidies of around $6 billion in recent years,
6 billion-a-year ethanol subsidy dies -- but wait there s more - U.S. News
NOT TRILLIONS!!!

That 6b/yr. Add in the subsidies for electric cars, biodiesel, wind power, etc etc and its' 1T.

NO YOU said ethanol specifically and I answered specifically!
QUIT trying to get to $1 trillion because it is totally impossible!
AGAIN look at the FACTS.. NOT YOUR GUESSES Prove your statement idiot!
https://www.cbo.gov/sites/default/files/43768_DistributionTaxExpenditures.pdf

 

[The Rabbi]

America's corn farmers have been benefiting from annual federal subsidies of around $6 billion in recent years,
6 billion-a-year ethanol subsidy dies -- but wait there s more - U.S. News
NOT TRILLIONS!!!

That 6b/yr. Add in the subsidies for electric cars, biodiesel, wind power, etc etc and its' 1T.

NO YOU said ethanol specifically and I answered specifically!
QUIT trying to get to $1 trillion because it is totally impossible!
AGAIN look at the FACTS.. NOT YOUR GUESSES Prove your statement idiot!
https://www.cbo.gov/sites/default/files/43768_DistributionTaxExpenditures.pdf

This is what I wrote:

The ethanol industry and the green power industry get trillions in tax breaks]

SO much for your credibility here.

 

[Clementine]

Those billions add up. How much did GM get from taxpayers? How about Planned Parenthood, which makes millions on their own in addition to getting tax dollars? The green companies, like Solyndra, made billions disappear. Farmers get paid for not farming.

It's one thing to actually hand over tax payer money to people. It's quite another to allow people to keep more of the wealth that they created on their own. While the left defends handing billions over to hostile countries in foreign aid and giving companies they like a pile of money, they have the nerve to claim that reasonable tax rates are handouts to companies.

The left starts with the premise that government owns all the money and they have no appreciation for how wealth is created. Therefore, whatever you have is a gift from government.

Warren is another liar who is pushing an agenda that panders to those who like socialism and seek to be taken care of by others. They will agree to anything, even ceding rights, in order to live off others.

Attacking the wealthy is always a favorite myth of the left. They always end up hurting middle class with their policies while pandering to the wealthy companies that support their campaigns. If the left could have their way, we would have outright socialism and eventually communism. For now, they still need the wealthy to gain power and keep it long enough to change things.

 

[Soggy in NOLA]

The only way this works is if you assume you are entitled to 100% of everybody else's money. Therefore anything you don't take is a "break".

 

[Siete]

this thread is like a RW meeting of the minds, sans the minds.

 

[healthmyths]

Those billions add up. How much did GM get from taxpayers? How about Planned Parenthood, which makes millions on their own in addition to getting tax dollars? The green companies, like Solyndra, made billions disappear. Farmers get paid for not farming.

It's one thing to actually hand over tax payer money to people. It's quite another to allow people to keep more of the wealth that they created on their own. While the left defends handing billions over to hostile countries in foreign aid and giving companies they like a pile of money, they have the nerve to claim that reasonable tax rates are handouts to companies.

The left starts with the premise that government owns all the money and they have no appreciation for how wealth is created. Therefore, whatever you have is a gift from government.

Warren is another liar who is pushing an agenda that panders to those who like socialism and seek to be taken care of by others. They will agree to anything, even ceding rights, in order to live off others.

Attacking the wealthy is always a favorite myth of the left. They always end up hurting middle class with their policies while pandering to the wealthy companies that support their campaigns. If the left could have their way, we would have outright socialism and eventually communism. For now, they still need the wealthy to gain power and keep it long enough to change things.

I agree with most of what you said.
MY total point though is based on FACTS of tax loopholes that the idiot Warrens of the world think are ONLY benefiting the corporations/wealthy!
The reality is the BIGGEST single tax deduction is what employers write off against taxable income for the little people, i.e. employees' health plans. The 2nd largest is pension write offs for little people... etc. in other words nearly 65% of all tax write offs deductions benefit the
"little people" the working class.
What would happen if health/pension/child care/earned income tax credits were eliminated... none of which are to the benefit of the rich!
I just want people to deal with the reality and not the phony made up numbers by the Warrens..i.e. LIPs!

 

[initforme]

Corporations call the shots now. Let's call it what it is..a corporatocracy. They have it made here. They whine about too many regulations while they record record profits. I say if you don't like regulations then please leave for China. Good bye... good riddens.