quinnox
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Sat Jan-29-11 09:56 AM
Original message |
How will lower corporate tax rates help? |
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Do corporations not make enough money now? Billions not enough?
I was stunned when Obama unveiled this as one of his big ideas in the SOTU speech. Isn't this a longstanding REPUBLICAN proposal that they have always pushed for?
Isn't trickle down economics debunked by now, damn. So disappointing to hear a DEMOCRATIC president say this.
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glowing
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Sat Jan-29-11 09:57 AM
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1. Many large corporations do not pay taxes anyway.. due to the loopholes. |
xchrom
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Sat Jan-29-11 09:58 AM
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2. GE paid under 4% corporate tax without a lower tax rate. |
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Edited on Sat Jan-29-11 09:59 AM by xchrom
of course that got GE a seat at the president's table.
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RightNoMore
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Sat Jan-29-11 10:01 AM
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It will just make the rich even richer!!!!!!!
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LiberalEsto
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Sat Jan-29-11 10:19 AM
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4. It will help the corporations and the rich only |
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Obviously it's not intended to help us poor suckers
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leeroysphitz
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Sat Jan-29-11 11:02 AM
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5. It will serve as an olive branch to the business community. n/t |
MH1
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Sat Jan-29-11 11:07 AM
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6. Big corps take advantage of loopholes, Obama wants to close those |
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I think the current high corporate tax rate - higher than in almost any country - mainly affects relatively smaller businesses.
Obama's point is if you close the loopholes then lower the tax rate, you can do it without a revenue hit, and there is a lower barrier to companies operating legally in the US.
If a company can make a million dollars operating in Germany but only pay 25% in taxes (or whatever it is, I know it's lower than here), but here they can make that exact same million but pay 30% in taxes, where do you think they're going to operate? Where are the jobs going to be?
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neverforget
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Sat Jan-29-11 11:08 AM
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7. that trickle you feel is the piss of the rich and corporations |
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Fri May 10th 2024, 05:40 PM
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