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Hillary! Hillary!! Get used to 8 more years of the clintons. Maybe Paul Ryan and the new democratic Senate majority leader will work with hillary. Us liberals know she will triangulate negotiate and get er doneRepublicans don't have a problem raising our taxes. If they cut taxes on the rich they tell us they don't have any money to pay for infrastructure and have to raise our taxes. I know Rick Snyder did this and so has every other Republican governor.You guys have a spin on everything.What's laughable is that you think that Obama policy created jobs, Sealy! Oh, it was supposed to...but like most of Obama's economic policies...it didn't take into account how businesses really operate. The fact of the matter is the tax write off you refer to DIDN'T create a net gain in job creation! It did however allow some business owners to claim a tax write off for employees they would have hired anyway but because that benefit only took place after a year had passed most companies that were not flush with cash couldn't take advantage of it even if they would have liked to have done so.
1. Yes it did create jobs. It encouraged companies that wouldn't have hired a couple extra employees to hire them.
2. But lets say you are right, which in a way you are. Thank you for admitting that giving corporations more tax breaks won't create jobs.
So I'll conceed you are right. But that means we were right all along. We told you giving companies tax breaks doesn't mean they will create more jobs. The only thing that creates more jobs is more demand.
What creates more jobs is the anticipation of profit. Demand? If there is no profit to be made from satisfying demand then the Private Sector won't create a business or jobs to do so. Giving companies tax breaks does one thing and one thing only...it makes it more likely that profits will be made and kept...and THAT is what induces the Private Sector to create jobs.
You liberals don't have a clue how business and economics work...yet think you do...you pass idiotic legislation that won't grow the economy or create jobs and then whine about how "evil corporations" won't cooperate with what you're trying to do!
As for whether I'm "right" or not? You know I am because economic growth has been tepid at best. If it wasn't for the cost of gasoline and natural gas being as low as it is right now (none of which Barack Obama is responsible for!) economic growth would be almost non existent.
Me poor ignorant con tool. Lets take your theory and wash it against history (you claim to be a history major, correct?) and theory. Theory first.
So you are still trying to say supply side economics works, when almost all economists have found it a bad idea. Because if you lower taxes, all that companies do with the savings is save. Not increase production. Your assumption is that in a recession, with aggregate demand down, and therefor inventory not selling, that the corporation is so stupid that it will increase production and therefor inventory and therefor cost and therefor reduced profit. Really way to simple to miss.
Historically, we could look at the stimulus and the great republican recession of 2008. There were several components of the stimulus, the one pushed by repubs being tax reductions. And a fair number of those tax reductions were targeted at the more well to do. According to the CBO, those tax reductions had little to no stimulus value. But we can assume they made the wealthy quite happy.
Then there was R. Reagan. You know the drill by now, dipshit. Huge tax decreases produced the highest unemployment rates since the great republican depression of 1929. That was, me boy, 10;8%. Now, since RR had been a huge proponent of supply side policies, one would assume he would pursue those policies, correct. But..../NO, he raised taxes 11 times to generate revenue for spending and spent more than all of the presidents before him combined, nearly trippled the national debt, and greatly increased the size of the national debt. Proving, of course, that while Supply Side does not work, stimulus does!!!!
Which is why, me boy, we can be certain that supply side economics never, ever works. Even as a paid con tool, it should be obvious to you.
When Republicans say lower taxes they ALWAYS mean for the rich
Wow...you really do chug down that Kool Aid as fast as the Progressives spew it out don't you?