What's the reason the GOP gives for needing tax cuts for billionaires and corporations?

[Ray From Cleveland]

“Taxation is theft, purely and simply even though it is theft on a grand and colossal scale which no acknowledged criminals could hope to match. It is a compulsory seizure of the property of the State’s inhabitants, or subjects.”
― Murray N. Rothbard

The federal income tax exists to make the rich richer.

Only people make themselves richer. The tax code doesn't make anybody rich--it can only take away less money from those who are trying to gain more wealth.

 

[Ray From Cleveland]

Corporations are people.

Walmart is a corporation that employs nearly 1.5million people in the USA.

It takes a special kind of dipshit to think that lowering the corporate tax rate will somehow hurt the “middle class” and “children” like Pelosi and Schumer would have one believe.

So giving the owners more money will help the workers, uh, how?

Thank you. Wages are the main problem.
The owners can already afford higher wages yet they are not increasing them.

So, what's your point? Employers do not pay people based on how much they can afford to pay them. Business owners pay employees what their work is worth.

 

[Hutch Starskey]

Corporations are people.

Walmart is a corporation that employs nearly 1.5million people in the USA.

It takes a special kind of dipshit to think that lowering the corporate tax rate will somehow hurt the “middle class” and “children” like Pelosi and Schumer would have one believe.

So giving the owners more money will help the workers, uh, how?

Thank you. Wages are the main problem.
The owners can already afford higher wages yet they are not increasing them.

So, what's your point? Employers do not pay people based on how much they can afford to pay them. Business owners pay employees what their work is worth.

Then explain to us how a tax cut will prompt a wage increase as touted, professor.

 

[BulletProof]

Only people make themselves richer. The tax code doesn't make anybody rich--it can only take away less money from those who are trying to gain more wealth.

Don't be such a ***. The middle-class hardly needs any federal government, in the first place. That tax code takes from the middle-class to provide government services that help the rich get richer.

 

[Ray From Cleveland]

Corporations are people.

Walmart is a corporation that employs nearly 1.5million people in the USA.

It takes a special kind of dipshit to think that lowering the corporate tax rate will somehow hurt the “middle class” and “children” like Pelosi and Schumer would have one believe.

So giving the owners more money will help the workers, uh, how?

Thank you. Wages are the main problem.
The owners can already afford higher wages yet they are not increasing them.

So, what's your point? Employers do not pay people based on how much they can afford to pay them. Business owners pay employees what their work is worth.

Then explain to us how a tax cut will prompt a wage increase as touted, professor.

A tax cut may not increase wages, but a tax cut will produce more jobs. If we can get a handle on immigration and social programs, it creates a situation of more demand than supply. The less supply, the more one has to pay to get such supply and up goes wages.

Today unfortunately, businesses are competing against government to get employees, and Americans are competing with foreigners to get jobs in their very own country.

 

[Ray From Cleveland]

Only people make themselves richer. The tax code doesn't make anybody rich--it can only take away less money from those who are trying to gain more wealth.

Don't be such a ***. The middle-class hardly needs any federal government, in the first place. That tax code takes from the middle-class to provide government services that help the rich get richer.

I wish I could make sense of that statement, so let's go step by step: what government services help the rich get richer????

 

[Hutch Starskey]

Corporations are people.

Walmart is a corporation that employs nearly 1.5million people in the USA.

It takes a special kind of dipshit to think that lowering the corporate tax rate will somehow hurt the “middle class” and “children” like Pelosi and Schumer would have one believe.

So giving the owners more money will help the workers, uh, how?

Thank you. Wages are the main problem.
The owners can already afford higher wages yet they are not increasing them.

So, what's your point? Employers do not pay people based on how much they can afford to pay them. Business owners pay employees what their work is worth.

Then explain to us how a tax cut will prompt a wage increase as touted, professor.

A tax cut may not increase wages, but a tax cut will produce more jobs. If we can get a handle on immigration and social programs, it creates a situation of more demand than supply. The less supply, the more one has to pay to get such supply and up goes wages.

Today unfortunately, businesses are competing against government to get employees, and Americans are competing with foreigners to get jobs in their very own country.

A tax cut may not increase wages

Rrrrrrrttt! Stop right there. That is not the official line.
Trump’s Top Economist Says Corporate Tax Cuts Will Lift Workers’ Wages

 

[Trumpnation]

Since Billionaires and large corporations pay the most taxes, they should get the biggest tax breaks. They pays over 95% of all federal taxes, the average american pays next to nothing when looking at the larger picture.

 

[danielpalos]

Since Billionaires and large corporations pay the most taxes, they should get the biggest tax breaks. They pays over 95% of all federal taxes, the average american pays next to nothing when looking at the larger picture.

How about doing something about the debt, instead?

 

[Ray From Cleveland]

Since Billionaires and large corporations pay the most taxes, they should get the biggest tax breaks. They pays over 95% of all federal taxes, the average american pays next to nothing when looking at the larger picture.

But that's the liberal mentality. Nearly half of our population pays no income taxes whatsoever. So when we need more money for our government, go to the people that almost totally support our government and demand more from them instead of demanding something from those of us who pay no income taxes.

 

[Ray From Cleveland]

So giving the owners more money will help the workers, uh, how?

Thank you. Wages are the main problem.
The owners can already afford higher wages yet they are not increasing them.

So, what's your point? Employers do not pay people based on how much they can afford to pay them. Business owners pay employees what their work is worth.

Then explain to us how a tax cut will prompt a wage increase as touted, professor.

A tax cut may not increase wages, but a tax cut will produce more jobs. If we can get a handle on immigration and social programs, it creates a situation of more demand than supply. The less supply, the more one has to pay to get such supply and up goes wages.

Today unfortunately, businesses are competing against government to get employees, and Americans are competing with foreigners to get jobs in their very own country.

A tax cut may not increase wages

Rrrrrrrttt! Stop right there. That is not the official line.
Trump’s Top Economist Says Corporate Tax Cuts Will Lift Workers’ Wages

What is your point with this link? It argues both sides.

Let me ask. If you work, do you stand a better chance at getting a pay increase if your employer is doing well, or if your employer is hanging on to the company week by week? Do you stand a better chance at getting a raise if your employer can't find enough workers to do the jobs, or if he has more workers than he needs?

To put it another way, if you don't believe that lowering corporate taxes will increase the salary of workers, how is it that you believe that by government taking more, it would increase employees salaries?

 

[danielpalos]

In 2007, the top 20% wealthiest possessed 80% of all financial assets.[19] In 2007 the richest 1% of the American population owned 35% of the country's total wealth, and the next 19% owned 51%. Thus, the top 20% of Americans owned 86% of the country's wealth and the bottom 80% of the population owned 14%. In 2011, financial inequality was greater than inequality in total wealth, with the top 1% of the population owning 43%, the next 19% of Americans owning 50%, and the bottom 80% owning 7%.[20] However, after the Great Recession which started in 2007, the share of total wealth owned by the top 1% of the population grew from 35% to 37%, and that owned by the top 20% of Americans grew from 86% to 88%. The Great Recession also caused a drop of 36% in median household wealth, but a drop of only 11% for the top 1%, further widening the gap between the top 1% and the bottom 99%.[18][20][21]In 2007, the top 20% wealthiest possessed 80% of all financial assets.[URL='https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States#cite_note-Hurst.2C_page_34-19'][19] In 2007 the richest 1% of the American population owned 35% of the country's total wealth, and the next 19% owned 51%. Thus, the top 20% of Americans owned 86% of the country's wealth and the bottom 80% of the population owned 14%. In 2011, financial inequality was greater than inequality in total wealth, with the top 1% of the population owning 43%, the next 19% of Americans owning 50%, and the bottom 80% owning 7%.[20] However, after the Great Recession which started in 2007, the share of total wealth owned by the top 1% of the population grew from 35% to 37%, and that owned by the top 20% of Americans grew from 86% to 88%. The Great Recession also caused a drop of 36% in median household wealth, but a drop of only 11% for the top 1%, further widening the gap between the top 1% and the bottom 99%.[18][20][21]--https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States[/URL]

Taxes are based on ability to pay under any form of Capitalism.

 

[deanrd]

They say it's to kick start the economy and create jobs.

Ever gotten a job from a poor person? Ever been offered a job from a homeless person?


On a serious note, though, IMO a Flat / Fair Tax is the way to go. Everyone pays their fair, equal share. Libs don't get to unfairly tax the rich MORE simply because they have more, and everyone pays. Huge corporations and million/billionaires pay an equal percentage.

Ever gotten a job from a poor person? Ever been offered a job from a homeless person?

One stupid question wasn't enough? You had to go for two?

I'll take that as a 'No'

I didn't have to bribe them for the job. They already owned or managed a company. Shoveling more money their way doesn't create jobs.
Only Supply and demand does that. And if people don't have the money to buy anything, then there is no demand.

 

[Trumpnation]

How about doing something about the debt, instead?

Well as President Trump has tweeted, the debt is trivial and not important; it will be paid off by giving tax breaks to the upper 1%-2% since they pay nearly all the taxes anyway. Trump himself could pay off the national debt with that amount of money he will be receiving from the new proposed tax cut.

 

[Eaglewings]

They say it's to kick start the economy and create jobs.

Ever gotten a job from a poor person? Ever been offered a job from a homeless person?


On a serious note, though, IMO a Flat / Fair Tax is the way to go. Everyone pays their fair, equal share. Libs don't get to unfairly tax the rich MORE simply because they have more, and everyone pays. Huge corporations and million/billionaires pay an equal percentage.

Hummm why is Easy so protective of the wealthy getting a tax break?
[emoji11]

Sent from my XT1575 using USMessageBoard.com mobile app

 

[deanrd]

Thank you. Wages are the main problem.
The owners can already afford higher wages yet they are not increasing them.

So, what's your point? Employers do not pay people based on how much they can afford to pay them. Business owners pay employees what their work is worth.

Then explain to us how a tax cut will prompt a wage increase as touted, professor.

A tax cut may not increase wages, but a tax cut will produce more jobs. If we can get a handle on immigration and social programs, it creates a situation of more demand than supply. The less supply, the more one has to pay to get such supply and up goes wages.

Today unfortunately, businesses are competing against government to get employees, and Americans are competing with foreigners to get jobs in their very own country.

A tax cut may not increase wages

Rrrrrrrttt! Stop right there. That is not the official line.
Trump’s Top Economist Says Corporate Tax Cuts Will Lift Workers’ Wages

What is your point with this link? It argues both sides.

Let me ask. If you work, do you stand a better chance at getting a pay increase if your employer is doing well, or if your employer is hanging on to the company week by week? Do you stand a better chance at getting a raise if your employer can't find enough workers to do the jobs, or if he has more workers than he needs?

To put it another way, if you don't believe that lowering corporate taxes will increase the salary of workers, how is it that you believe that by government taking more, it would increase employees salaries?

Since companies are flush with cash, then obviously, they don't need more right now;.
And we know they are flush with cash. Trump takes credit for it.

 

[danielpalos]

How about doing something about the debt, instead?

Well as President Trump has tweeted, the debt is trivial and not important; it will be paid off by giving tax breaks to the upper 1%-2% since they pay nearly all the taxes anyway. Trump himself could pay off the national debt with that amount of money he will be receiving from the new proposed tax cut.

Why do we have so much debt?

 

[deanrd]

They say it's to kick start the economy and create jobs.

Ever gotten a job from a poor person? Ever been offered a job from a homeless person?


On a serious note, though, IMO a Flat / Fair Tax is the way to go. Everyone pays their fair, equal share. Libs don't get to unfairly tax the rich MORE simply because they have more, and everyone pays. Huge corporations and million/billionaires pay an equal percentage.

Hummm why is Easy so protective of the wealthy getting a tax break?
[emoji11]

Sent from my XT1575 using USMessageBoard.com mobile app

It's called "brainwashed".

 

[Trumpnation]

Why do we have so much debt?

Like President Trump said over and over during the campaign, its because of how Obama mis-managed everything for 8 years. No Obama, no debt.

 

[Ray From Cleveland]

How about doing something about the debt, instead?

Well as President Trump has tweeted, the debt is trivial and not important; it will be paid off by giving tax breaks to the upper 1%-2% since they pay nearly all the taxes anyway. Trump himself could pay off the national debt with that amount of money he will be receiving from the new proposed tax cut.

Thus how we came up with the term Uninformed Voter.

Trump will save 20 trillion dollars under his proposal?