obamas job proposal

[Danzig]

i posted a link in another thread talking about how many companies say they'd be back tomorrow if the govt changed the corporate tax structure, something obama has suggested in this proposal. currently those companies are better off having moved-that's what needs to change. they were being punished by our govt thru increased operating costs. just think-the tax changes, they come back, employment increases, a winwinwin situation. you say punish them for leaving, they were being punished for staying.

[jms62]

Originally Posted by Danzig

i posted a link in another thread talking about how many companies say they'd be back tomorrow if the govt changed the corporate tax structure, something obama has suggested in this proposal. currently those companies are better off having moved-that's what needs to change. they were being punished by our govt thru increased operating costs. just think-the tax changes, they come back, employment increases, a winwinwin situation. you say punish them for leaving, they were being punished for staying.

Just because they say they will come back in order to get "incented" doesn't mean they will. Just another opportunity to line the pockets of those at the top. We are acting like an abused spouse always giving one more chance. Your argument as to taxes is very weak when companies like GE pay no taxes and many more receive huge tax refunds. But like an abused spouse we have to accept a plausible reason to give them another chance and that is reducing corporate taxes. We are fuked and will look at today as the good ole days in 20 years. We are now to the point where we are driving our economy via government funding... This is the same gameplan of a third world country.

[Danzig]

Originally Posted by Danzig

http://www.examiner.com/finance-exam...oving-overseas

US corporate tax rates the primary cause for companies moving overseas

The US corporate tax rate has become a new cause for companies to move overseas to avoid what is the largest tax burden in the industrialized world. At 35%, the US tax rate on companies and businesses is nearly triple the rates in some places, and well above the tax requirements of countries such as Ireland and Switzerland.
In an expose on March 27th by CBS's 60 Minutes, hundreds of companies, and over $1.1 trillion dollars, are now being kept overseas providing nothing to the US economy due to stringent tax laws and regulations which make it difficult to invest, create new jobs, and find profitability if incorporated in America.

Cisco alone has moved eight different companies to Ireland, where the tax rate is at 12.5%. On top of this, google, Facebook, and several other technical firms employ over 100,000 workers in Ireland, which they might otherwise employ in the US if the tax code was changed or adjusted.

While many companies moved to China, India, and other places around the world for cheaper labor, one of the main reasons for the move offshore was the draconian tax rates the US government imposes on businesses headquartered domestically. In an poll taken in January on the Fair Tax, over 500 companies said they would instantly move back to the United States if this tax structure were implemented in the economy.

i went and found the post from the other thread...

now, you want to say we'd be giving them too much, i say we'd be levelling the playing field. you can't ask them to move here, and charge them far more than they'd pay elsewhere.
companies move to save money. what can we do to change that? the above is a big start.

[jms62]

Originally Posted by Danzig

i went and found the post from the other thread...

now, you want to say we'd be giving them too much, i say we'd be levelling the playing field. you can't ask them to move here, and charge them far more than they'd pay elsewhere.
companies move to save money. what can we do to change that? the above is a big start.

Fool me once shame on you fool me twice shame on me.. At what point will you stop believing what you read and pay attention to what is actually happening?

To summarize someone is saying reduce my tax burden by hundreds of millions of dollars and I will create jobs... I ask what is the penalty if you don't create jobs? Answer: None. Proable outcome? They will outsource a million jobs paying 100 K and create 200K jobs paying 25K with no benefits and Obama and business will declare victory.

[Danzig]

you know what, you're right. even tho businesses said they moved to a friendlier climate, and would move back if we met other countries lower rates, they're just lying. we absolutely should penalize the hell out of them, that way whatever business they have here will surely stay. they would meekly accept all that punishment.

[clyde]

NOTE TO USUAL SUSPECTS SELVES:



There is a reason government heads and corporate heads are said to "be in bed."

6 a one, half dozen a the othah.

Simple is...is not always as simple does.

[jms62]

Originally Posted by Danzig

you know what, you're right. even tho businesses said they moved to a friendlier climate, and would move back if we met other countries lower rates, they're just lying. we absolutely should penalize the hell out of them, that way whatever business they have here will surely stay. they would meekly accept all that punishment.

I know I am right but it sure as hell must feel better in your fantasy land.. There you can feel good until you get pounded again only to feel good again when you are promised something else. Did I say abused spouse already?

[Danzig]

abused spouse? lol me or tony?

no, i just figure if companies say they left because of taxes, which the article above says is higher than anywhere else, perhaps they are correct?

i just think of our govt wishes to get companies to come back, or to get companies to hire, they might want to look at things from a companies point of view.

now, of course businesses are all the devil, but who else creates jobs? do you work? even if you're self employed, you're still in 'a business'. if businesses find they can't make money, they either change things to make money, or they shut down. many companies have found that they can make more elsewhere. now, we can either punish them-which doesn't make them suddenly want to help out here, or we can consider what they say-which in this case has to do with corporate taxes. are they higher? were they lower? can we lower them to bring them back?