Obama - good for Americans

[Danzig]

i just did a search on higher corporate taxes growing the economy. i'll let you know when i find something. so far it's all the same that it'll slow it down.

[dalakhani]

Originally Posted by Danzig

i just did a search on higher corporate taxes growing the economy. i'll let you know when i find something. so far it's all the same that it'll slow it down.

In a perfect world, free of human nature, lowering corporate taxes COULD have a positive effect on the overall economy and everyone in it. I dont think anyone with a brain would deny that. The problem is human nature...namely-greed.

The main problem in our economy is the deficit. i dont see how you can attack the deficit while lowering taxes. It wasnt done during Reagan or either Bush. Now if all the corporations passed those tax breaks on to their employees in the way of benefits and increased wages, then yes trickle down would work. But that isnt the case. Do you need the numbers to prove it?

Theory and practicality are often two very different things.

[Danzig]

Originally Posted by dalakhani

In a perfect world, free of human nature, lowering corporate taxes COULD have a positive effect on the overall economy and everyone in it. I dont think anyone with a brain would deny that. The problem is human nature...namely-greed.

The main problem in our economy is the deficit. i dont see how you can attack the deficit while lowering taxes. It wasnt done during Reagan or either Bush. Now if all the corporations passed those tax breaks on to their employees in the way of benefits and increased wages, then yes trickle down would work. But that isnt the case. Do you need the numbers to prove it?

Theory and practicality are often two very different things.

and i've said the same thing more than once, that i don't like either candidates plan as both suggest a tax break to individuals, while both have the deficit increasing under their plans. the deficit will hinder this nation, as other countries will really be questioning our ability to ever get out of debt.
but i also think now is the wrong time to raise the corporate tax rate, which is what i was trying to get across from the beginning. in good times, you raise it, but certainly not in bad times. reagan lowered the rate, clinton bumped it up one percent. it worked for both at the time. but these are different times now.

[Cannon Shell]

Originally Posted by dalakhani

In a perfect world, free of human nature, lowering corporate taxes COULD have a positive effect on the overall economy and everyone in it. I dont think anyone with a brain would deny that. The problem is human nature...namely-greed.

The main problem in our economy is the deficit. i dont see how you can attack the deficit while lowering taxes. It wasnt done during Reagan or either Bush. Now if all the corporations passed those tax breaks on to their employees in the way of benefits and increased wages, then yes trickle down would work. But that isnt the case. Do you need the numbers to prove it?

Theory and practicality are often two very different things.

Where is the theory that says that raising taxes has a positive effect on the economy? How can hurting business help the economy?

[Cannon Shell]

What about cutting spending? Understandably the current administration hasnt done very well with it but these two clowns dont even bother talking about it, dont even give it lip service.

[Danzig]

Originally Posted by Cannon Shell

What about cutting spending? Understandably the current administration hasnt done very well with it but these two clowns dont even bother talking about it, dont even give it lip service.

yeah, we have a choice between two proponents of larger govt and bigger deficits. wonderful.

[dalakhani]

Originally Posted by Danzig

yeah, we have a choice between two proponents of larger govt and bigger deficits. wonderful.

We agree. I completely agree.

[dalakhani]

Originally Posted by Cannon Shell

Where is the theory that says that raising taxes has a positive effect on the economy? How can hurting business help the economy?

Now, we are talking!!!!

Hurting business doesnt help the economy. We have to prioritize though. this deficit is killing us. I think we all agree.

yes, clinton was aided heavily by tech boom. i will contend that his policies greatly AIDED the boom.

A big part of what made his economy was his fiscal responsibility. He realized that the deficit was killing us.

[Cannon Shell]

Originally Posted by dalakhani

Now, we are talking!!!!

Hurting business doesnt help the economy. We have to prioritize though. this deficit is killing us. I think we all agree.

yes, clinton was aided heavily by tech boom. i will contend that his policies greatly AIDED the boom.

A big part of what made his economy was his fiscal responsibility. He realized that the deficit was killing us.

However we have had the tech bubble burst and housing bubble burst and are dealing with increased competition in the global market not to mention considerably higher energy prices since those times. Thats not even talking about the current global banking crisis. The deficit simply has to be dealt with over time and cutting spending would be a start. The handouts should wait too but those help get people elected.

[dalakhani]

Originally Posted by Cannon Shell

However we have had the tech bubble burst and housing bubble burst and are dealing with increased competition in the global market not to mention considerably higher energy prices since those times. Thats not even talking about the current global banking crisis. The deficit simply has to be dealt with over time and cutting spending would be a start. The handouts should wait too but those help get people elected.

Cutting spending where though? 54% of spending is on military. 30% is on human resources aka hand outs and what not.

Where do you want to cut? And then on top of that, you want to cut while ALSO giving a tax cut?

[Danzig]

Originally Posted by dalakhani

Cutting spending where though? 54% of spending is on military. 30% is on human resources aka hand outs and what not.

Where do you want to cut? And then on top of that, you want to cut while ALSO giving a tax cut?

obama and mccain are both advocating tax cuts to most citizens as well as spending increases-both are being completely irresponsible in that respect. as for military cuts, had bush not gone rushing into iraq, we wouldn't have the military spending we're seeing right now. whether it could be cut further once we're out of iraq, i don't know-since we still have afghanistan to deal with. having troops and equipment in the field is obviously far more expensive than a military at peace.
foreign aid should be cut, all this port should be stopped. the feds need to go back to providing what they're supposed to be providing, instead of all this extra.
i pay for both federal medicare, and arkids-taxed twice for similar programs. in this state, we have exorbitant sales tax-groceries are taxed here, as well as property, personal property, and income taxes.
oh, but the state has a surplus...i wonder why. so of course now they want to increase spending. i'd rather they did away with the tax on groceries. since when are necessities of life taxed? since i live in arkansas.