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If I hear ONE MORE Pub claiming that the US has the highest corp. taxes

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napi21 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-11-08 03:02 PM
Original message
If I hear ONE MORE Pub claiming that the US has the highest corp. taxes
I'm going to scream! The term Corporate Tax Rate means NOTHING! It's the effective tax rate! Anyone would be hard pressed to find ANY corporations that actually PAY the published tax rate! Depending on what corp. it is, and what business they are in, some pay NONE!

Check it out!
http://www.ctj.org/corpfed04pr.pdf

WHY, OH WHY have't the Dems pointed this out? Kick some ass and name some names!!!!!!
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jgraz Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-11-08 03:05 PM
Response to Original message
1. I've heard Kerry point this out a number of times
It should be as knee-jerk to Dems as "Barack Hussein Obama" is to Rethugs. Every time a Pug says "highest tax rate", Dems should immediately shout "not the effective rate!!!"
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wtmusic Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-11-08 03:05 PM
Response to Original message
2. According to Krugman corporate tax revenue is down 45%
from the seventies as a percentage of profit.

Thanks for info. :thumbsup:
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GreenPartyVoter Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-11-08 03:09 PM
Response to Original message
3. Thanks for that link
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alstephenson Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-11-08 03:13 PM
Response to Original message
4. I totally agree.
I heard a Repuke shouting about this shit last night - I think it was on Jim Lehrer's show. The Democrat they had on just sat there and didn't challenge or correct the Repuke. It made my head explode.
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Mountainman Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-11-08 03:18 PM
Response to Original message
5. We need standard replies to all their talking points and put them into
letters to editors. They repeat the talking points and we repeat the truth.

The other one I hear daily is gas prices are solely a product of supply and demand and if we would drill in Alaska and other places it would have an effect on gas prices.

Seems every morning on C-Span they have a repuke congress critter saying that.
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napi21 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-11-08 03:33 PM
Response to Reply #5
6. Thom Hartmann had a guest today who put down all those oil
company complaints. They INSIST that they need more leases, they need to drill in Anwar, and they need more refineries! This guest pointed out that they already have authorization to drill 25 exploratory well, and haven't drilled ANY! They have 10,000 offshore permits, and they've only drilled 4,000. It was the OIL COMPANIES who decided to close so many refineries, and THEIR DECISION not to build more! The guest was Peter DeFazio, and his opinion is that they're not investing in any R&D because they don't HAVE TO! They're making a fine amount of money right now, so why should they change?
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napi21 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-11-08 03:54 PM
Response to Original message
7. Here's another link to why oil prices are HIGH! It's the OIL COMPANIES!!!!
http://www.huffingtonpost.com/jamie-court/memos-show-oil-companies-_b_6980.html

(snip)
Take this internal Texaco strategy memo: "he most critical factor facing the refining industry on the West Coast is the surplus of refining capacity, and the surplus gasoline production capacity. (The same situation exists for the entire U.S. refining industry.) Supply significantly exceeds demand year-round. This results in very poor refinery margins and very poor refinery financial results. Significant events need to occur to assist in reducing supplies and/or increasing the demand for gasoline." The memo went on to discuss a sucessful campaign in Washington State to shrink refined supply by removing other additives in the gasoline that filled gas volume.

(snip)
Large oil companies have for a decade artificially shorted the gasoline market to drive up prices. Oil companies know they can make more money by making less gasoline. Katrina should be a wakeup call to America that the refiners profit widely when they keep the system running on empty. It's time for government to regulate the industry's supply. The fact that President Bush received $2.6 million from the oil industry for his reelection in 2004 should make regulation of the nation's gas supply one of the Democrats' most important talking points.

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sshan2525 Donating Member (311 posts) Send PM | Profile | Ignore Wed Jun-11-08 04:04 PM
Response to Original message
8. Give them a break......
Edited on Wed Jun-11-08 04:04 PM by sshan2525
we all know that they have a problem with facts. As Stephen Colbert has said, "The truth has a well known liberal bias".
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seasat Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-11-08 04:09 PM
Response to Original message
9. Just ask them if they want to return to the Corp rates under Reagan
Edited on Wed Jun-11-08 04:10 PM by seasat
He had the largest increase in corporate income tax rates of any president in the past 30 years. When they realized that the supply side fairy tale was BS, Reagan started raising taxes including cutting out loop holes in the corporate tax code. Their heads usually explode when they realize this so bring an umbrella.
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rock Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-11-08 04:34 PM
Response to Original message
10. Yeah, it's like salary range for a position
Meaningless. What are you going to pay ME? (I can't spend a salary range, only a salary.)
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