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I remember the video tape of Frank arguing nothing was wrong at Fannie and Freddie, of course, a Dem was in charge of them.
Apparently you aren't aware of who actually spent time writing the senate tax bill. Last I heard, it was somewhere in the neighborhood of 6,000 lobbyists who wrote it. Most senators didn't even read it. Some didn't even see it until right before the vote.
This makes no sense.
If a corporation does not get taxed, which individual benefits and avoids taxation?
If a corporation has coffers full of money, who benefits? Not the corporation. Sitting on unused capital is wasteful.
Anyone who makes more money through investment eventually gets taxed.
Individuals get better, more jobs. The government then actually works FOR THE PEOPLE, not the reverse.
They get taxed like 15% on dividends, I recall. If the investment income is taxed only once, it stays a measly 15%. That's pretty weak sauce, considering little ol' me is getting taxed around 30%.
I just read where an American company is going to open a $1billion plant in northern Mexico. Shoulda paid more attention.
shit, I thought the congress wrote our laws. how the fk did I miss that?So, why should corporations (employers) pay ANY tax? They can't vote. No taxation without representation?Only thing is, American corporations are already only paying around 20% because of special interest deductions and tax loopholes.
The 35 Percent Corporate Tax Myth
Is this tax plan going to close those loopholes? Given the hasty manner in which it was created, probably not. Which means corporations will actually be paying closer to 0%.
So ... that's fair, right?
They can't vote. They just write our laws.
#lobbyistsrunDC
Apparently you aren't aware of who actually spent time writing the senate tax bill. Last I heard, it was somewhere in the neighborhood of 6,000 lobbyists who wrote it. Most senators didn't even read it. Some didn't even see it until right before the vote.
I really think they believe that corporations just sit back and hoard mountains of cash.The left do not understand how jobs and wealth are created, hence you can't get to first base with your average liberal on this topic. A wealthy person or corporation generates net new wealth that did not previously exist and the left think they stole that wealth from someone.
IT does NOTHING to sit on that money. Corporations live to expand and increase market share, which results in lots of SPENDING, which creates new jobs, which stimulates economic growth.
Never let a leftist control the economy.
They've already said where they're putting their money. And it's not into jobs.
Do you want me to link you, or can you find it yourself?
Trump's Tax Promises Undercut by CEO Plans to Help Investors
NVM. Here you go.
how does one put together a document from 6,000 individuals? Let's see how that works.shit, I thought the congress wrote our laws. how the fk did I miss that?So, why should corporations (employers) pay ANY tax? They can't vote. No taxation without representation?
They can't vote. They just write our laws.
#lobbyistsrunDC
Apparently you aren't aware of who actually spent time writing the senate tax bill. Last I heard, it was somewhere in the neighborhood of 6,000 lobbyists who wrote it. Most senators didn't even read it. Some didn't even see it until right before the vote.
Ask congress.
you all believe anything, my fking god.I really think they believe that corporations just sit back and hoard mountains of cash.The left do not understand how jobs and wealth are created, hence you can't get to first base with your average liberal on this topic. A wealthy person or corporation generates net new wealth that did not previously exist and the left think they stole that wealth from someone.
IT does NOTHING to sit on that money. Corporations live to expand and increase market share, which results in lots of SPENDING, which creates new jobs, which stimulates economic growth.
Never let a leftist control the economy.
They've already said where they're putting their money. And it's not into jobs.
Do you want me to link you, or can you find it yourself?
Trump's Tax Promises Undercut by CEO Plans to Help Investors
NVM. Here you go.
Yes, I suppose you know more than Bloomberg. Whoever you are.
This makes no sense.Because at some point, someone needs to get taxed. And if it's not corporations, who are rolling in dough right now ...
Guess who gets to pay more? Not the rich, who make most of their $$ through investment.
That would be us, the middle and upper middle class folks. We get to pay more.
If a corporation does not get taxed, which individual benefits and avoids taxation?
If a corporation has coffers full of money, who benefits? Not the corporation. Sitting on unused capital is wasteful.
Anyone who makes more money through investment eventually gets taxed.
Individuals get better, more jobs. The government then actually works FOR THE PEOPLE, not the reverse.
They get taxed like 15% on dividends, I recall. If the investment income is taxed only once, it stays a measly 15%. That's pretty weak sauce, considering little ol' me is getting taxed around 30%.
To compensate for the deficit caused by the lack of corporate taxes, income taxes would have to go up. Otherwise ... well, you thought the national debt was bad now ...
Granted, I'm not a tax expert. I admit, I don't have all the answers. This is my understanding; the workers won't benefit from tax cuts. Especially not compared to investors.
If that suits your purposes, so be it. It's not ideal for me.
You have a simpleton understanding of economics. Tax policy should encourage corporations and the wealthy to take risks on new businesses and expansion, that's how jobs are created and growth happens. If the left had its way, punishment taxation of the wealthy and corporations the wealthy and corporations just don't bend over and take it. They say fuck you liberals and run for the exits. Relocate to other countries. The wealthy hunker down hoarding their wealth. They don't take risks on starting new businesses or expansion. Job growth slows, economic growth slows, and tax revenue falls. You can't punishment tax your way to prosperity.
Okay. But you're kind of misrepresenting what I'm saying. I never said that there is NOTHING good that will come out of the new tax laws, whatever they end up looking like. But it's certainly not going to be this brilliant paradise that Trump and his supporters are claiming.
Do you actually believe corporations should not be taxed? And where will that money come from then? That was sort of my original question.
This makes no sense.
If a corporation does not get taxed, which individual benefits and avoids taxation?
If a corporation has coffers full of money, who benefits? Not the corporation. Sitting on unused capital is wasteful.
Anyone who makes more money through investment eventually gets taxed.
Individuals get better, more jobs. The government then actually works FOR THE PEOPLE, not the reverse.
They get taxed like 15% on dividends, I recall. If the investment income is taxed only once, it stays a measly 15%. That's pretty weak sauce, considering little ol' me is getting taxed around 30%.
To compensate for the deficit caused by the lack of corporate taxes, income taxes would have to go up. Otherwise ... well, you thought the national debt was bad now ...
Granted, I'm not a tax expert. I admit, I don't have all the answers. This is my understanding; the workers won't benefit from tax cuts. Especially not compared to investors.
If that suits your purposes, so be it. It's not ideal for me.
You have a simpleton understanding of economics. Tax policy should encourage corporations and the wealthy to take risks on new businesses and expansion, that's how jobs are created and growth happens. If the left had its way, punishment taxation of the wealthy and corporations the wealthy and corporations just don't bend over and take it. They say fuck you liberals and run for the exits. Relocate to other countries. The wealthy hunker down hoarding their wealth. They don't take risks on starting new businesses or expansion. Job growth slows, economic growth slows, and tax revenue falls. You can't punishment tax your way to prosperity.
Okay. But you're kind of misrepresenting what I'm saying. I never said that there is NOTHING good that will come out of the new tax laws, whatever they end up looking like. But it's certainly not going to be this brilliant paradise that Trump and his supporters are claiming.
Do you actually believe corporations should not be taxed? And where will that money come from then? That was sort of my original question.
You are blaming Trump. Congress created this tax reform bill not Trump. Now, Dem's in congress decided to sit on the sidelines and just bitch and complain so they are useless. The GOP, infested with lying corrupt GOP establishment hacks bought and paid for by special interests drafted the bill. Naturally its full of pork and political favors and in many ways not what Trump asked for. Lets start there.
It's hard to say exactly what happened. We weren't there.
Trump has endorsed the tax cuts. I'm aware that he probably had next to no influence on the details.
From what I understand, the dems were excluded from the process. So I'm not sure why you think they were just hanging out on the sidelines, refusing to participate. They were more likely shoved off the field by republicans.
The rest seems pretty accurate.
Making product for whom?It either increases the dividends to the remaining shareholders (which gets taxed) or it allows the corporation to use that extra cash to invest in expansion, which also increases the value of the remaining shares.Sure. But do you want to finish that thought?
MOST of the time, it is BOTH. SO, everybody gets paid, including the Fed.
Corporations employ millions of people enabling them to pay federal, state, and local taxes, plus contribute to the overall economy. Why the left demonizes corporations makes no sense.
If you don't put money in the hands of those that will spend it, nothing will happen except corps will coninue to hoard money, buy back their stocks, & buy more dumbass Republicans
Corporations put money in the hands of its employees, and its shareholders which include millions of middle class Americans who have trillions of dollars invested in corporations. I'm sorry who is the left trying to punish by confiscating wealth from corporations? Do you have any idea what's going to happen when most of the baby boomers are retired and there's far fewer people working and paying taxes? You better hope the baby boomers make a ton of money investing in corporations so they can spend it during their retirement.
From what I understand, many boomers aren't at all ready for their imminent retirement and are going to get crushed by medicare cuts.
Can't say I feel too sorry for them.
Making product for whom?It either increases the dividends to the remaining shareholders (which gets taxed) or it allows the corporation to use that extra cash to invest in expansion, which also increases the value of the remaining shares.
MOST of the time, it is BOTH. SO, everybody gets paid, including the Fed.
Corporations employ millions of people enabling them to pay federal, state, and local taxes, plus contribute to the overall economy. Why the left demonizes corporations makes no sense.
If you don't put money in the hands of those that will spend it, nothing will happen except corps will coninue to hoard money, buy back their stocks, & buy more dumbass Republicans
Corporations put money in the hands of its employees, and its shareholders which include millions of middle class Americans who have trillions of dollars invested in corporations. I'm sorry who is the left trying to punish by confiscating wealth from corporations? Do you have any idea what's going to happen when most of the baby boomers are retired and there's far fewer people working and paying taxes? You better hope the baby boomers make a ton of money investing in corporations so they can spend it during their retirement.
From what I understand, many boomers aren't at all ready for their imminent retirement and are going to get crushed by medicare cuts.
Can't say I feel too sorry for them.
Can you explain to me how Medicare is cut? Of course you can't!
You simply repeat what the talking heads tell you that should make you afraid.
Allowing small and medium sized business owners to keep a little more of the money they earned is not a giveaway you tard. It's not your fucking money you stupid greedy pig.Of course they are worried, they may have to cut tax rates too.
Umm yea so what the hell are we doing this giveaway to corporations for? They'll just use it to leverage a lower rate where they are.
Yeah let's just raise taxes on businesses and make sure all of them move overseas insteadOf course they are worried, they may have to cut tax rates too.
Umm yea so what the hell are we doing this giveaway to corporations for? They'll just use it to leverage a lower rate where they are.
Yeah, well my money is mine and they have a fuckload more money than I do, but I have to pay taxes. Why should they get off Scott free?Christ almighty, its their money hello.
They don't, they likely pay more in taxes in 1 year than you will pay in your entire lifetime
Hey BluesLegend why is it you think Republicans are giving corporations a huge tax rate cut without ANY of that bullshit we were fed about cutting out loopholes? Then think about your taxes and how you get a small tax-rate cut and have to give up YOUR deductions?
When you are done with those consider that YOUR tax-cut will disapear after 2025 while corporations get their tax-cut forever in this bill.
Now tell me you right wingers don't feel like a useful tools.
Ah...to create new jobs and wealth for the middle class DUH!
Come on man, USE YOUR HEAD, if jobs and income for middle class was the goal then those tax-cuts are just about THE DUMBEST WAY YOU CAN GO ABOUT IT.
This bill doesn't make your job cheaper for the corporation or gives ANY other incentive to hire more, because guess what, salaries are an EXPENSE and thus income used up to pay them IS NOT TAXED already. All this bill does is gives corporations more net income to do what they have a FIDUCIARY DUTY to do - make their stockholders richer.
Will a fraction of that wealth get down to 99%? Yea sure, but why would you want that when you can have nearly 100% of that go to low and middle class where people REALLY need it??
A straight cut in payroll taxes would DIRECTLY reduce costs of hiring in America and DIRECTLY increase take home pay for low and middle income brackets. And then to finance corporate tax rate cut we could've cut out some of the sweetheart deals corporations get - they only ACTUALLY pay 18% average right now.
If the country does so well why did jobs leave the country and unemployment spike?Because the country does better when they do. Well, heck... I'll just become Borillar Inc. and not pay taxes.Because they aren’t you! Why do you think a corporation should pay taxes?Yeah, well my money is mine and they have a fuckload more money than I do, but I have to pay taxes. Why should they get off Scott free?So you think handing wealthy people money that they will start new businesses?You have a simpleton understanding of economics. Tax policy should encourage corporations and the wealthy to take risks on new businesses and expansion, that's how jobs are created and growth happens. If the left had its way, punishment taxation of the wealthy and corporations the wealthy and corporations just don't bend over and take it. They say fuck you liberals and run for the exits. Relocate to other countries. The wealthy hunker down hoarding their wealth. They don't take risks on starting new businesses or expansion. Job growth slows, economic growth slows, and tax revenue falls. You can't punishment tax your way to prosperity.
NO. They will expand 7 create new when there is demand.
You people know shit about economics.
Christ almighty, its their money hello.
If the tax cut bill generates debt above a certain level, an autoimated cut kicks in to place.
Your hero Ryan is already said Medicare, Social Security & Medicaid is next because we supposedly can't afford them. This after adding a trillion plus to the debt.
Only a fool can't see through that plan.
But hey, go ahead & support Ryan & cut these programs & see the slaughter in the Fall.
Republicans hand wealthy people hundreds of billions & make Grandma pay for it.
