2bltap Loc: Move to the Mainland

My question is this. Why does it matter if a big corporation gets tax relief? The top percentage of thoose with money are the ones that have created most of the jobs in this counntry so whats wrong with them getting some slack cut? All this BS pertaining to "THE FAIR SHARE ISSUE" that has been pushed by mostly the Democrats i sredicuales. Who's right is it to determine what that fair share is supposed to be? Other than those of wealth that were born into it which is the smaller percentage, the owners of those companies that have done extremely well shoulld be able to keep as much of the profits as they see fit. So what is the big deal?
Semper Fi

debeda

Because the giant maw of the government wants more and more and more $$$$ and they've bled everyone else dry.

grace scott

That about sums it up. The debt keeps getting raised. Some day, some how this will have to end.

kankune Loc: Iowa

I agree with you 100%. So what if they get some tax relief. Then they can create new jobs, wages go up, people spend more money....and.....people are happier. Dems are always going to gripe about it tho because thats all they have.

PeterS

The current effective corporate tax rate (what they actually pay) is 12.6%. I have no problem if corporate taxes are lowered so long as all the deductions that leave them paying a lower rate than we do individually are eliminated. The thing is, all those deductions are going to stay in tact which is why I don't support a corporate tax cut...

http://money.cnn.com/2013/07/01/news/economy/corporate-tax-rate/index.html

Carol Kelly

For job growth, they need tax reduction. We make more money if we have good jobs.

wuzblynd Loc: thomson georgia

to



Success should be rewarded. Fair share is just more lefty horse crap. Jealous lazy democrats.

PeterS

Why are they going to create new jobs? You do understand that in business it's the customer who pays an employee's wages don't you? What I mean is that no company hires someone unless the demand for their product is already there. I've been in business for 35 years and never signed a check that wasn't already paid for by sales. If sales are going up you hire to meet the demand. If sales are going down then you lay off accordingly. Cutting a corporations taxes will have no effect on how businesses hire or give raises to their employees.

PeterS

Why do they need tax reductions for jobs growth? And yes, you will make more money if you have a good job but cutting corporate taxes has nothing to do with your ability to get a good job whereas you education and qualifications to a long way in the types of jobs you can get.

PeterS

Corporate profits are at a 50 year high. What kind of reward were you thinking of?

https://www.theatlantic.com/business/archive/2013/05/if-corporate-profits-are-at-an-all-time-high-why-are-corporate-taxes-near-a-60-year-low/276164/

kankune Loc: Iowa

Oh ye of little faith...

debeda

Uh huh. With businesses closing daily. The only businesses with 50 year high profits are Microsoft Dell Amazon and the like. You know those companies that didn't exist or were in the zygote stage 50 years ago. And if we continue to make the business climate in America so difficult a couple of things will happen. 1. The companies named above won't STAY on top. Look at International Harvester, IBM and Borg Warner, to name a few companies that were international staples and seemed too solid to fail, but they did, at least here. Partially through outsourcing to countries with better business climates and thereby giving up their methods and tech. 2. Companies won't want to do business here because of the business climate. No companies, no jobs, no tax dollars for the government no benefits for the unemployed or welfare benefits, no consumers for businesses that stay here. No more economic stability. No more American dream. I'm so sick and tired of these facile "statistics" from lefties who seem to have no grasp of growth and prosperity economics.

plainlogic

If you're in such a fit about it, why don't you complain to the Democrats and rinos?

From the Sunday review:Taxes are the viscera of American politics, the bleeding guts of nearly every policy proposal. “Simplifying the tax code” has served as State of the Union boilerplate for presidents of both parties, yet somehow it doesn’t get done even in times of unified government. That’s because loopholes are the most underrated locus of political power. Politicians use the tax code to reward their friends, punish their enemies and cut deals with their colleagues. The complexity of the tax code gives them cover to do that without most Americans noticing what’s going on. This creates a silent, extremely potent constituency for opacity, complexity and an ever-growing body of highly specific rules.

When Congress opens loopholes, it’s typically with the intention of shoving Americans right through them. The generous mortgage deduction is intended to increase homeownership. Bumping up the child tax credit is supposed to make more American babies. Cutting the capital gains tax shoves money into the stock market. Anytime you do something to minimize your tax bill, you’re doing what a politician wanted.

JFlorio Loc: Seminole Florida

Explain something then. If our corporate rate is so low, as you say, why do the companies flock to places like Ireland?

PeterS

You don't cut taxes on faith.