francoHFW
Diamond Member
- Sep 5, 2011
- 79,271
- 9,399
It was the middle of a gigantic GOP corrupt economic meltdown, a world depression and a depression for us if we hadn't spent 7 trillion dollars or more, dupe. That's no time for a tax hike on anyone. Yes that payroll tax cut is the same as the middle class will get with this stupid Trump giveaway to himself and the bloated rich. And the GOP kept the payroll tax from being extended...Obama gave the middle class a payroll tax cut in 2009 just as high a percentage as Trump's tax cuts and nothing for the bloated lying cheating GOP rich...Liberals are highly in favor of helping the middle class and small business but don't see why the big tax cuts go to the rich and giant corporations that are bloated beyond all recognition by lack of taxes.The biggest way big business wins is each different part of the US competing against every other part. The EU has basically banned this. It's said you can choose a tax rate system and you have to stick to it, otherwise big business will simply play divide and conquer.
Companies like Amazon will literally go around the country and say "who's willing to give us money for setting up shop here?" and they do. The jobs would stay in the US no matter what, however the money goes to Amazon when it shouldn't.
Imagine this.
You run a small business with a profit of $100,000 a year.
Then big business arrives in town, and you have competition. But the big business arrives without having to pay tax for five years. Their prices are lower than yours because they're not paying tax.
So your $100,000 drops because you have to drop prices down to the lowest level you can realistically afford to stay in business. This still isn't enough. Half your customers go shop at the large company. This means you're making no profit at all. The city is making less in taxers because you're paying half taxes you were paying before or less, and the other company isn't paying taxes at all.
Along the way other companies fail and yours will too. Meaning the larger company has taken all the customers by the end of the five year period, then renegotiates a nice sweet deal because they can't afford to see this company leave any more because it provides too many jobs.
How does this benefit anyone other than the rich?
Then big business arrives in town, and you have competition. But the big business arrives without having to pay tax for five years. Their prices are lower than yours because they're not paying tax.
Wait one minute.....are you saying lower taxes allow businesses to lower their prices?
Don't tell the liberals....
Liberals are highly in favor of helping the middle class and small business
That's so good to hear.
When was the last time Dems gave the middle class and small business a tax cut?
He extended the Bush tax cuts, so he didn't really gave any. Payroll tax cut you're talking about is actually d two percent cut on social security tax, where taxpayers paid 2% less while employer still paid full amount.