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Topic:
Obama to cut taxes for his corporate masters by 7% bwahha [Locked] |
Yukishiro1  Posts: 3,243
Registered: 2002-9-20 23:52:57
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Date Posted:
1/1/00 12:00am
Subject:
Obama to cut taxes for his corporate masters by 7% bwahha |
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I don't know about anyone else but I've said for a long time we'd be better off with lower corporate tax rates and higher personal income (including capital gain) tax rates.
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Sin_of_Onin Posts: 1,307
Registered: 2005-6-29 08:21:12
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Date Posted:
1/1/00 12:00am
Subject:
Obama to cut taxes for his corporate masters by 7% bwahha |
Rosaria posted:
Obama said he is addressing corporate tax rates to make us more competative internationally. I think we already have the second highest corporate tax rate in the world, will have to check that. Is raising the effective tax rate on businesses the way to go. I'm asking these questions because it appears that people are pleased that the overall tax rate would be higher, and it seemed to me that Obama wanted to make us more competative by reducing corporate taxes, yet some are claiming they will be higher. At the end of the day, is this going to be a further hinderance or an asset to the expansion of businesses in the US, both foreign and home-grown?
Well it is supposed to be revenue neutral so to the existing business it would be a wash (before taking into account how exposed the various winners and losers are to global compeition). By relying less on credits this helps any new business that isn't receiving or would not receive a credit.
There is a lot more that can be done to help business with corp tax reform and like I said earlier I think Obama is probably willing to move on this issue. This is really a Republican issue and should be pushed by Republicans.
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Yukishiro1 Posts: 3,243
Registered: 2002-9-20 23:52:57
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Date Posted:
1/1/00 12:00am
Subject:
Obama to cut taxes for his corporate masters by 7% bwahha |
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The Republican party is pro rich people, not pro business. I don't know why they would want to trade lower corporate rates for higher personal rates. Seems like the opposite of what their funders would want.
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Rosaria  Title: They call me Mellow Yellow, quite rightly.
Posts: 477
Registered: 2003-8-22 10:07:30
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Date Posted:
1/1/00 12:00am
Subject:
Obama to cut taxes for his corporate masters by 7% bwahha |
Sin_of_Onin posted:
Rosaria posted:
Obama said he is addressing corporate tax rates to make us more competitive internationally. I think we already have the second highest corporate tax rate in the world, will have to check that. Is raising the effective tax rate on businesses the way to go. I'm asking these questions because it appears that people are pleased that the overall tax rate would be higher, and it seemed to me that Obama wanted to make us more competitive by reducing corporate taxes, yet some are claiming they will be higher. At the end of the day, is this going to be a further hindrance or an asset to the expansion of businesses in the US, both foreign and home-grown?
Well it is supposed to be revenue neutral so to the existing business it would be a wash (before taking into account how exposed the various winners and losers are to global compeition). By relying less on credits this helps any new business that isn't receiving or would not receive a credit.
There is a lot more that can be done to help business with corp tax reform and like I said earlier I think Obama is probably willing to move on this issue. This is really a Republican issue and should be pushed by Republicans.
It would be helpful if Obama clarified his goals again because so far I don't see how this is going to make us more competitive in the international business arena, particularly if some of the claims in this thread are true. Are we at least headed in the right direction? I dunno.
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"Them Bollinger Bands on the DJIA are starting to look like columns of projectile vomit." ~ Red Pill
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Sin_of_Onin Posts: 1,307
Registered: 2005-6-29 08:21:12
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Date Posted:
1/1/00 12:00am
Subject:
Obama to cut taxes for his corporate masters by 7% bwahha |
Rosaria posted:
It would be helpful if Obama clarified his goals again because so far I don't see how this is going to make us more competitive in the international business arena, particularly if some of the claims in this thread are true. Are we at least headed in the right direction? I dunno.
We would be more competitive for any business that wouldn't benefit from the credits that are cut.
It is pretty straight forward. It is also pretty straight forward that Obama is proposing things that Republicans like and things they don't. He will want both but he has to play politics.
What do Republicans want? That is really what is missing.
-----signature-----
"Okay... I'm with you fellas" --Delmar
F is for Fake-believe
"We apologise for the inconvenience" --God
"What Jesus fails to appreciate is that it's the meek who are the problem"--Reg
Run, Forrest! Run!
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Rosaria Title: They call me Mellow Yellow, quite rightly.
Posts: 477
Registered: 2003-8-22 10:07:30
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Date Posted:
1/1/00 12:00am
Subject:
Obama to cut taxes for his corporate masters by 7% bwahha |
Sin_of_Onin posted:
Rosaria posted:
It would be helpful if Obama clarified his goals again because so far I don't see how this is going to make us more competitive in the international business arena, particularly if some of the claims in this thread are true. Are we at least headed in the right direction? I dunno.
We would be more competitive for any business that wouldn't benefit from the credits that are cut.
It is pretty straight forward. It is also pretty straight forward that Obama is proposing things that Republicans like and things they don't. He will want both but he has to play politics.
What do Republicans want? That is really what is missing.
I have no idea what Republicans want, we'll have to wait and see how they respond to this or what they counter-propose. How will they work re US land-locked businesses and those with interests overseas? The corps with interests overseas are always going to have an edge over those who don't IMO.
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"Them Bollinger Bands on the DJIA are starting to look like columns of projectile vomit." ~ Red Pill
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Sin_of_Onin Posts: 1,307
Registered: 2005-6-29 08:21:12
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Date Posted:
1/1/00 12:00am
Subject:
Obama to cut taxes for his corporate masters by 7% bwahha |
Rosaria posted:
I have no idea what Republicans want, we'll have to wait and see how they respond to this or what they counter-propose. How will they work re US land-locked businesses and those with interests overseas? The corps with interests overseas are always going to have an edge over those who don't IMO.
The corporations that are not impacted by global competition will not be impacted that much unless they were receiving a credit their competition was not.
The issue is more about global compeition and the government picking winners and losers. More can be done to address the base in which the tax is imposed on which should help.
The Republicans have to decide what they want to make a priority. Obama has already given a lot of ground but the proposal is revenue neutral. In the end I don't think it will be.
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"Okay... I'm with you fellas" --Delmar
F is for Fake-believe
"We apologise for the inconvenience" --God
"What Jesus fails to appreciate is that it's the meek who are the problem"--Reg
Run, Forrest! Run!
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Ashmaele Title: Pastor of Muppets
Posts: 1,809
Registered: 2002-1-15 08:30:50
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Date Posted:
1/1/00 12:00am
Subject:
Obama to cut taxes for his corporate masters by 7% bwahha |
Rosaria posted:
Ashmaele posted:
Rosaria posted:
So a higher rate on big businesses is what LWNs want?
Check with Moe, he seems to have his ear to the ground imo
You're an LWN, I'm asking you the same questions I asked Sin.
Like I've said many times on this board, I'd like to see business income taxes eliminated entirely.
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Date Posted:
1/1/00 12:00am
Subject:
Obama to cut taxes for his corporate masters by 7% bwahha |
Sin_of_Onin posted:
What do Republicans want? That is really what is missing.
Corp taxes lowered to 18-25% iirc.
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I radiate more heat than light.
I know what you're trying to do but you're just sailing another failboat over the falls. - imaloon1
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Sin_of_Onin Posts: 1,307
Registered: 2005-6-29 08:21:12
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Date Posted:
1/1/00 12:00am
Subject:
Obama to cut taxes for his corporate masters by 7% bwahha |
Eager_Igraine posted:
Sin_of_Onin posted:
What do Republicans want? That is really what is missing.
Corp taxes lowered to 18-25% iirc.
Is that really it? I would imagine most of the debate will not be around the rate but the basis.
-----signature-----
"Okay... I'm with you fellas" --Delmar
F is for Fake-believe
"We apologise for the inconvenience" --God
"What Jesus fails to appreciate is that it's the meek who are the problem"--Reg
Run, Forrest! Run!
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