Republican debate tonight on CNN.

[stephen4785]

I'm supporting this guy..here is a link to his immediate actions to grow the economy...go to 1:10................http://www.youtube.com/watch?v=7NDpZMuHbds

[jw33]

at work = no youtube. Who?

[Durantula]

That chart is totally subjective. There is clearly a debate about the long term results of supply-side economic policy but there is absolutely zero denying that it works and works tremendously well (and did for nearly 30 years).

As a former business owner I can tell you this, other business owners are scared shitless of any type of investment, hiring, purchases and so on because they don't have a clue what the world will look like in 6 months. Obama is uncertainty. Until he is gone and a real leader takes his place then this economy will be the status quo. Someone gets in there tomorrow and cuts taxes and you will see immediate gains in the economy, unemployment will drop and people will open their wallets again. Until that happens you see purchases out of necessity instead of discretionary spending.

The reason? Fear. Does buying that TV today make sense if there is a potential to lose your job? No.

Oh bullshit. Supply and demand dictates job growth, not tax rates.

http://www.iowafiscal.org/2011docs/110209-IFP-corptaxes.pdf

State and local taxes on businesses (corporate income taxes, sales taxes, local property taxes) represent only about 1.8 percent of total business costs on average for all states. Corporate income taxes, in turn, are only about 9.5 percent of the small amount of state and local taxes on businesses, according to one estimate. A large corporate tax break that reduces corporate income tax revenue by half thus represents a cost savings to the average firm of 50 percent times 9.5 percent times 1.8 percent, or just .09 percent. In other words, such a sizeable corporate income tax break would reduce total business costs by just nine-hundredths of 1 percent in the average state.

The tax breaks to corporations do not stimulate consumer spending, and it is not clear how retailers can collect more sales tax if consumers are not spending any more money. The tiny reduction in the costs of doing business cannot be expected to translate into retail price reductions, which is the only way sales could increase in the absence of a shift in the consumer demand curve.

[stephen4785]

Herman Cain.

[stephen4785]

Corporations who get tax breaks don't stimulate consumer spending = correct
Corporations who get tax breaks have more money to hire new people, new people have money and security so they spend it...Do you think raising taxes will inspire consumer spending?

[Durantula]

Corporations who get tax breaks have more money to hire new people, new people have money and security so they spend it...Do you think raising taxes will inspire consumer spending?

If the market demands it, sure. They're not just going to whip out the stack of resumés and start hiring en masse just because they have a lower tax rate.

I'm not insisting we raise corporate taxes. I'd rather they close the loopholes in the tax code so that companies like GE, who are generating record profits, actually have to pay more than $0 in taxes.

Bush Sr and Reagan both raised taxes but it's somehow become taboo to even talk about over the last 4 years yet look where our economy is.

[Cannonball996]

we do have a high corporate tax rate but with loop holes, most companies do not pay 35% or anywhere close. 60 minutes did segment on this a few weeks ago, a found a whole lot of corporations paying less then 20%

[Durantula]

Sorry. Communists, such as yourself...

Stick to the Sports Central subforum.

[Geor!]

Stick to the Sports Central subforum.

Green party? Socialist party? Your views are extremely left.

[Vertnut]

Stick to the Sports Central subforum.

You still here? When the economy is great (like under Reagan, Bush, and even Clinton for a while) taxes don't affect earners or corporations in the same they do now, under this regime, with Barry's lousy economy.

See, after Carter burned down our economy (and damn near the country), Reagan didn't come in and dictate a new socialistic health-care plan, or throw away $1 trillion dollars for a "stimulus program" (what a joke that was). He focused on lowering taxes and REAL job creation. Carter's term is what changed me from a left-leaning college student, to a Reagan conservative. I lived it, unlike most of the people on this board.

[Vertnut]

we do have a high corporate tax rate but with loop holes, most companies do not pay 35% or anywhere close. 60 minutes did segment on this a few weeks ago, a found a whole lot of corporations paying less then 20%

If you're Barry's buddy, like GE, you don't have to pay anything!

[stevo]

...as a business owner I hire people ...

Pray tell, what is this business?

Stevo

[Durantula]

See, after Carter burned down our economy (and damn near the country), Reagan didn't come in and dictate a new socialistic health-care plan, or throw away $1 trillion dollars for a "stimulus program" (what a joke that was).

1979 was awful (largely due to the oil shock) but every year afterwards had respectable overall growth.

He focused on lowering taxes and REAL job creation. Carter's term is what changed me from a left-leaning college student, to a Reagan conservative. I lived it, unlike most of the people on this board.

Reagan's tax cuts hardly lasted one year before he signed TEFRA, perhaps the largest tax increase in history. Later in '82 he increased the gas tax on truckers and in '83 increased the social security tax.

The Tax Reform Act of '86 wasn't what some seem to think it was. All that did was shift about $120 billion from visible income taxes to hidden business taxes. The tax cuts in the bill were offset by elimination or reduction of deductions.

And he created jobs through government spending. Actually, he spent 28.7% of national income to his predecessor Carter's 27.9% despite railing Carter for spending so much during his campaign.

Bigger government and more taxes!

[Durantula]

Green party? Socialist party? Your views are extremely left.

I don't think I've exposed any of my views on here, just disputed you all's. I enjoy signing on and playing devil's advocate.

[Sgt Beavis]

I didn't bother to watch. It isn't real until Palin and Perry are in it.

However I am curious to know if anything interesting happened?