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GOP ties poor job numbers to tax breaks....wait, what?

Discussion in 'Political Discussion' started by Holy Diver, Jul 8, 2011.

  1. Holy Diver

    Holy Diver Pro Bowl Player

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    #80 Jersey

    GOP ties job numbers to anti-tax stance in debt talks - CNN.com

    Taxes haven't been this low in our lifetimes.
    We have the 3rd LOWEST corporate tax rate among industrial nations.
    We've been slashing taxes for over a decade.
    We kept the Bush tax cuts in place
    We kept corporate loopholes in place
    We kept the capital gains Tax at 15%
    We slashed regulations for well over a decade.
    We have a tanking economy
    We are exporting jobs and creating unemployment.
    The Wage gap is increasing at a staggering pace
    The wealthiest are paying less taxes
    The revenue is drying up

    and John Frickin Boehner has the BALLZ to ask "where are the jobs?" and blame a weak job market on not enough tax cuts? YOu frickin prick. The very thing you are complaining about is caused by the very same philosophy you boast we need. Its categorized as INSANITY (doing the same thing over and over, and expecting a different resault)



    Great Question JOHN....Where ARE the Jobs?



    after all, you are the speaker of the house, and have yet to present a SINGLE jobs bill. we've had a ton of abortion bills, but not a single jobs bill? You are an a-hole.
     
    Last edited: Jul 8, 2011
  2. The Brandon Five

    The Brandon Five Experienced Starter w/First Big Contract

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    #75 Jersey

    You lost me.

    This is a popular meme, but I really don't see it.

    He is a bit of a tool. One thing the House has done is pass a "budget". Something the Senate might consider.
     
  3. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    How does one quantify reduced regulations?

    # of pages of regulations being lower?

    Specific areas of regulation/deregulation?

    I haven't seen any areas where there has been quantifiable deregulation of anything just moving around the goalpost to solicit campaign $$$$.

    Bureaucrats keep themselves busy and in many cases their work product (such as it is) is regulations, we know that organizations (be it a religion or government) seek to insure their own survival and seek to increase their power. Bureaucracies do this through regulation.

    The establishment hates the idea of the Flat tax it is transparent and eviscerates their ability to play class warfare and dispense favors to supporters and punish opponents. Same with regulations. This is true at the Federal, State and Local levels.
     
  4. Holy Diver

    Holy Diver Pro Bowl Player

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    #80 Jersey

    Lost you?

    http://www.ctj.org/pdf/oecd201106.pdf

    Ten Charts that Prove the United States Is a Low-Tax Country

    Overall, U.S. Taxes Are Third-Lowest Among
    OECD Nations
     In 2009, total federal, state and local taxes
    in the United States were 22.6 percent of our
    gross domestic product, ranking 26th among
    the 28 OECD countries for which data are
    available. Only Chile (18.2 percent) and
    Mexico (17.5 percent) had lower taxes.
     In 2009, total taxes in the 25 OECD nations
    with higher taxes than ours ranged from 24.6
    percent of GDP in Turkey to 48.2 percent in
    Denmark.
     In most cases, the difference in tax levels
    between the U.S. and OECD countries is not
    even close. Of the 25 OECD nations with
    taxes higher than ours, 22 of them have taxes
    that are at least 25 percent higher, and 15
    have taxes at least 50 percent higher.
     
  5. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    The countries they compare in many cases don't also have the burden of state, county and municipal taxes in ADDITION to the National taxes and property taxes. So the comparison is nonsense in short. The more meaningful number is TOTAL government spending as a % of GDP the rest is rearranging the deck chairs on the Titanic.
     
  6. The Brandon Five

    The Brandon Five Experienced Starter w/First Big Contract

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    #75 Jersey

    Your original post was that corporate rates were the third lowest. What you have posted is total revenues (all sources) at all levels as a % of GDP.

    Not sure where OECD got their figures. OMB has total revenues as % of GDP at 25 for 2009 (24.7 for 2010). The average since 1948 is 26.6.

    http://www.whitehouse.gov/sites/default/files/omb/budget/fy2012/assets/hist15z1.xls
     
  7. The Brandon Five

    The Brandon Five Experienced Starter w/First Big Contract

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    #75 Jersey

    The U.S. figures do include state and local taxes.
     
  8. Holy Diver

    Holy Diver Pro Bowl Player

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    #80 Jersey

    this map might help

    Global 500 2010: Maps - Top 500

    If we are such a bunch of Tax-holes....why do fortune 500 comapnies headquarter here?

    why is the worlds largest, most profitable company loctaed in the US? (Wal-Mart)

    why is the 3rd most profitable located in the US? (Exxon Mobil)

    or the 11th...(Chevron)

    or the 13th?...(GE)

    or the 15th? (BofA)



    Oh...thats right? because they pay little to NO taxes to the united states

    Tax bills for 5 corporate giants - Exxon Mobil: $15.1 billion (2) - CNNMoney.com

    "Exxon paid the most taxes last year of any U.S. company, by far -- but not a cent went to the IRS for income taxes. That's because the oil giant does business in some of the mostly highly taxed countries in the world. Want to extract petroleum in Nigeria? Be prepared to fork over up to 85% of your profit in tax payments."
     
  9. The Brandon Five

    The Brandon Five Experienced Starter w/First Big Contract

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    #75 Jersey

    Again, that was not your original point.

    Our large corporations use lobbyists to help them escape taxes. It's small businesses (without lobbyists) that end up paying the tab. I favor just eliminating them rather than continuing to pretend we collect them. Get rid of all subsidies.

    No more picking winners and losers in the economy.
     
    Last edited: Jul 8, 2011
  10. Holy Diver

    Holy Diver Pro Bowl Player

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    #80 Jersey

    Thats something I'd say 99% of americans agree with.

    Why are most conservatives (and the president for some dumb reason) siding with 1% of the population?

    If you and I pick up the slack for multi-nationals and billionaires, when do we say enough is enough?

    Flat Tax! everyone pays 25% EVERYONE. If corporations want to be treated as human beings, let them be taxed as such.
    eliminate Tax on anything "Made in the USA"
    make election day a national holiday

    lets start there.
     
  11. The Brandon Five

    The Brandon Five Experienced Starter w/First Big Contract

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    #75 Jersey

    Meanwhile, next door the Canadian economy is adding jobs. Were tax cuts the key? Apparently not. Somehow they were able to grow the economy even though they removed the key ingredient of "stimulus":

    Northern Exposure | Hoover Institution
    Canada's bright jobs data clouded by U.S. gloom - Yahoo! News

     
  12. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    See Steve Forbes conservatives do support a Flat fair Tax code. For Forbes the rate that promoted growth and maximized revenues was 17%. This would have a personal exemption and nothing else (iifc ~13k per person). Corporate taxes would be 17% also (bye bye lobbyist) and of course he wouldn't subsidize businesses. The stockholders would no capital gains. This way business profits would be taxed once at the source not subject to multiple taxation.

    If this sort of system were put in place businesses from around the world would be lining up to do business here and good jobs would be made available for American workers without lawyers/pols trying to do things they are not capable of like deciding which technologies will be important.
     
  13. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    President Obozo today proclaimed the jobs report today was good and proof the economy is turning the corner.

    President Obama on Job Numbers: 'We Are Turning the Corner' - Political Punch


    Turning the corner? More like going off the cliff.
    Totally over his head, totally lost.

    Perhaps when he spoke of shovel ready when peddling the stimulus bill perhaps he meant the shovel was to bury the economy.
     
  14. chicowalker

    chicowalker Pro Bowl Player

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    Do you happen to know what kind of tax revenue a 17% rate would produce currently? (I realize there are arguments that it would generate an increased tax base, through at least a couple means, but that's a question for another day given the assumptions involved.)


    Unfortunately a personal exemption is the first step towards all sorts of fiddling around like we have today.


    Are you sure about this -- why wouldn't there be a capital gains tax? Capital gains should be treated the same as ordinary income, unless we want to continue that fiddling around I referred to above.

    Dividends, otoh, shouldn't be taxed if the company has already been taxed on its earnings.
     
  15. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    17% would generate far more than we are currently generating because employment would be far higher and the economy would be far larger.

    To simplify 17% say of 1 trillion (of taxable income) would be 170B, 20% (historic level of revenue as a % of GDP) of 800B 160B. Then project and extra couple of GDP growth over say a 5 year period and the difference would be very large.
     
  16. The Brandon Five

    The Brandon Five Experienced Starter w/First Big Contract

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    #75 Jersey

    I think the Fair Tax used a flat rate of 23%. Does anyone have a good estimate of actual national income (i.e. not "reported" income)? I believe it included an exemption on the first $30k of income.
     
  17. PatriotsReign

    PatriotsReign Hall of Fame Poster

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    #18 Jersey

    Now THAT is a GREAT idea HD!!

    How about if we employ a flat tax, we get rid of ALL forms of hidden taxes as well? Things like sales tax, internet tax, hotel tax, ad infinitum? Maybe we'd have to go a little higher on the flat tax, but let's stop the crap with a million forms of hidden taxes.

    Because if we get rid of all these other forms of taxes, Americans can SPEND MORE on them!

    I've written many, many times that if we only knew how much we pay in TOTAL taxes, we'd quickly realize just how burdened we are with taxation.
     
    Last edited: Jul 9, 2011
  18. Titus Pullo

    Titus Pullo Banned

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    How bout if we cut the ****ing defense budget in half?

    Crazy thought, I know. But the Pentagon got a nice raise again this year from the GOP House, the only government entity to receive such. Shocking. Meanwhile, we have states shutting down, amid an unprecedented era of "austerity" measures. Such priorities.

    Cut defense, and all this "tax" goofiness becomes moot. And the rich can keep their money.

    Cons can't have everything. They can't starve the poor, privatize every sector, hoard their money AND justify bloated defense spending.
     
    Last edited: Jul 9, 2011
  19. The Brandon Five

    The Brandon Five Experienced Starter w/First Big Contract

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    #75 Jersey

    Do we really need three more aircraft carriers?

    Let Germany and South Korea defend themselves.
     
  20. BSR

    BSR In the Starting Line-Up

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    I think there are plenty of conservatives that would be fine with cuts to the defense budget. I know I am.
     

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