The "RECOVERY"

[indago]

Like, what?

Hmmm! No response from fj1200; must really be a tough one...

[fj1200]

Like how, for instance?

Lowering their corporate income tax rates for the past 40 years.

Like, what?

Moving towards a territorial tax system like the rest of the world.

Hmmm! No response from fj1200; must really be a tough one...

Yes, quite difficult. I've answered it multiple times in multiple threads.

Hmmm! No response from fj1200; must really be a tough one...

Maybe you'll remember it this time.

[indago]

Lowering their corporate income tax rates for the past 40 years.

Then, how do you expect this to paid?

[fj1200]

Then, how do you expect this to paid?

The same way it's always paid. Economic growth. Real growth that creates good jobs, good jobs that are not created because of a horrible corporate tax policy.

[Drummond]

Then, how do you expect this to paid?

Wow. Obama REALLY loves creating debts for America !! See how much steeper the trend upwards has been, under him ??

The sooner his destructiveness is reversed by a decent Conservative leader, the better !

[Black Diamond]

Wow. Obama REALLY loves creating debts for America !! See how much steeper the trend upwards has been, under him ??

The sooner his destructiveness is reversed by a decent Conservative leader, the better !

He once said that deficits (and by implication national debt) is unpatriotic. Hmmmm

[indago]

The same way it's always paid. Economic growth. Real growth that creates good jobs, good jobs that are not created because of a horrible corporate tax policy.

No good if there is no tax base...

[fj1200]

No good if there is no tax base...

:whew: Thank goodness my plan solidifies the tax base.

[indago]

:whew: Thank goodness my plan solidifies the tax base.

Which is... what?

[fj1200]

Which is... what?

What? My plan? Cutting corporate tax rates.
Solidifying the base? Creating jobs.
How do we raise Federal tax money in this country primarily? Income and payroll taxes.
Who pays those taxes? People with jobs.

You ask silly, redundant questions.

[indago]

What? My plan? Cutting corporate tax rates.

Hmmmm! Seems we tried that already... So how'd that work out...







"An Indianapolis manufacturing plant is shipping hundreds of jobs to Mexico... Indiana state officials had given nearly $530,000 of taxpayer money in training grants to United Technologies through the Indiana Economic Development Corp., but told the Indianapolis Business Journal that they are now looking for ways to get that money back."

How do we raise Federal tax money in this country primarily? Income and payroll taxes.

So, you want to lay the burden of the national debt upon the inhabitants of the States; how thoughtful of you...

[fj1200]

Hmmmm! Seems we tried that already... So how'd that work out...

So, you want to lay the burden of the national debt upon the inhabitants of the States; how thoughtful of you...

Actually we haven't. There is a difference between the statutory rate and the effective rate. Our statutory rate is the highest in the world; our effective rate also appears to be one of the highest. link. It's no reason to keep an awful corporate tax environment.

And no. You're wrong again. Citizens pay all taxes anyway, corporations are essentially pass through entities. It would be helpful for you to not state my position when you don't understand it.

More:

The Economic Benefits of Reducing the USCorporate Income Tax Rate

An increasing number of economists and policymakers believe globalization has shifted asignificant percentage of the tax burden to labor. The US Treasury Department, for example,which for decades assumed corporate tax rates had no effect on labor, now assumes 25% of theincidence of corporate tax is borne by workers.

One implication of this view is that workers have a stake in ensuring that the US corporate taxrate is globally competitive. This research suggests looking beyond the corporate income taxsystem for the revenues needed to reduce the corporate tax rate to help attract investment to theUnited States, increase employment and living standards.

...

Others have looked to broadening the corporate tax base to finance a lower corporate tax rate.However, it is unclear how much the corporate income tax rate could be lowered throughbroadening of the corporate tax base alone. One study on corporate tax reform has suggestedthat the globalization of the world economy may provide a rationale for looking beyond thecorporate tax base for revenue to lower the corporate tax rate.26 This study suggests that thechanges in the global economy, particularly the increased mobility of capital compared to labor,have made it increasingly difficult to tax capital. This may be part of the explanation for why othercountries have lowered their corporate income tax rates.

Summary

Most other developed countries have sharply lowered their corporate tax rates over the pastseveral decades, leaving the United States with the second highest corporate income tax rateamong the 50 largest economies. Other countries continue to lower their corporate income taxrates, leaving the United States further out of step.

Lowering the corporate income tax rate would benefit the American economy by increasingemployment and Americans‟ standard of living. It would benefit workers by making the UnitedStates a more favorable place to invest by both US companies and foreign companies. Inaddition to spurring capital formation and increasing employment, a lower corporate tax ratewould also benefit Americans by improving the allocation of resources throughout the economyand increasing workers‟ productivity and living standards.

[indago]

Actually we haven't. There is a difference between the statutory rate and the effective rate. Our statutory rate is the highest in the world; our effective rate also appears to be one of the highest. link. It's no reason to keep an awful corporate tax environment.

And no. You're wrong again. Citizens pay all taxes anyway, corporations are essentially pass through entities. It would be helpful for you to not state my position when you don't understand it.

More:

The Economic Benefits of Reducing the USCorporate Income Tax Rate

I see, the point being: you want to reduce this country to a third world nation...



.

[fj1200]

I see, the point being: you want to reduce this country to a third world nation...