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Author Topic: Job-Destroying CEOs Demand Even Bigger Tax Breaks To ‘Fix’ The Debt Back to Topics
btc1

Champion Author
Lexington

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Message Posted: Dec 9, 2012 9:46:35 AM

"It should surprise no one to discover that each of the five top sponsors of Fix the Debt have taken the extremely generous tax breaks they’ve been awarded by Uncle Sam in the past and – yes, you guessed it – eliminated tens of thousands of American jobs."

More GREED to destroy the American economy
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nstrdnvstr
Champion Author Twin Cities

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Message Posted: Dec 17, 2012 6:09:51 PM

SemiSteve, those overseas profits are taxed in the country that the profit is earned. Should those profits be taxed twice?
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SemiSteve
Champion Author Tampa

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Message Posted: Dec 17, 2012 6:02:15 PM

"Reform the corporate tax code. One obvious idea, which President Obama among others has repeatedly advocated, is to reward companies that create jobs in the United States, instead of shipping them overseas. If these guys are really serious about using their tax cuts to create American jobs, let’s put their money where their mouths are. Another idea would be to eliminate the loopholes that allow them to keep overseas profits offshore, without every paying U.S. taxes on them."

--Makes sense. Who could possibly object to this? And on what grounds?

How can anyone in their right mind say: "Our company can only make money by slashing nearly all the American jobs we previously created and by then replacing them with foreign jobs. And, by the way, we also can only make money by keeping our profits off shore so we don't pay any US taxes on them. (or even receive government subsidies under laws our lobbyists wrote and our PR firms passed off as something beneficial) Even though we are paying our executives far too much for doing this and also stockpiling billions in company savings we still reserve the right to call ourselves 'job-creators' in need of these national-economy-destroying benefits."
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fracknsave
Champion Author Grand Rapids

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Message Posted: Dec 17, 2012 5:50:55 PM

Before the dems were overtaken by the socialists, hat tip to guitar man

"I remember a time when Democrats were fiscally conservative...

"A tax cut means higher family income and higher business profits
and a balanced federal budget....As the national income grows, the
federal government will ultimately end up with more revenues.
Prosperity is the real way to balance our budget. By lowering
tax rates, by increasing jobs and income, we can expand tax
revenues and finally bring our budget into balance." --John F. Kennedy
September 18, 1963"
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SemiSteve
Champion Author Tampa

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Message Posted: Dec 17, 2012 5:47:53 PM

So why don't you tell us about all these extravagances that Obama has spent so much on? Just what are they?

Oh.

What's that?

Can't think of any?

Well gee.

Maybe the recession (and not extra spending) is what has caused the deficit increase after all.
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noseatbelt
Champion Author Indiana

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Message Posted: Dec 17, 2012 4:56:12 PM

If you had a personal budget problem, would you expect to solve it by spending even more, sounds pretty silly doesn't it? Yeah, I can't make ends meet so I'll just spend more.
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SemiSteve
Champion Author Tampa

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Message Posted: Dec 17, 2012 4:38:40 PM

Those conservatives who live for rhetoric, like Romney, believe EVERY problem can be solved by tax cuts. Unemployment? Slash government programs and tax cuts are the answer. Higher prices? More tax cuts. Too many fat people? Take two tax cuts and call me in the morning. (Name any problem...uninformed conservatives believe the average American is too stupid to realize that tax cuts can't solve an imbalanced budget - so they propose them right and left)

The problem is that more tax cuts only solve problems that don't exist. And while there have been times in history when tax cuts appeared to increase revenue, other things were happening as well which might also have been a factor. Cause and effect has never been proven to relate tax cuts to increased revenue or economic activity.

If you had a personal budget problem would you expect to be able to solve it by reducing your salary? Sounds pretty silly, doesn't it: 'Yeah. I can't make ends meet so I'll just work less and earn less. That sounds good to me. I'd like to have some more free time anyway.'

If you think tax cuts are the answer to all our ills you need to understand that the idea is what is known as: 'TGTBT'.

Too Good To Be True.
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noseatbelt
Champion Author Indiana

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Message Posted: Dec 17, 2012 4:32:28 PM

greediest and most inhuman power junkies, now steve, you shouldn't talk about our fearless leaders in washington like that.
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SemiSteve
Champion Author Tampa

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Message Posted: Dec 17, 2012 4:27:13 PM

"Capital moves from where it's treated harshly to where it's treated well."

--No taxes or regulations at all on the moon. Perhaps all of our greediest and most inhuman power-junkies should move there.
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noseatbelt
Champion Author Indiana

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Message Posted: Dec 17, 2012 4:07:40 PM

Why is it so bad, that they take the tax breaks the government offers, can any of you honestly say you wouldn't take them? Instead of going after the ceos, and other wealthy people why don't you go after the real culprit? Our greedy over spending government. Get them to change the tax code, to do away with the breaks, that you complain so much about.
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fracknsave
Champion Author Grand Rapids

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Message Posted: Dec 17, 2012 3:49:48 PM

In the next 4 years we're going to learn how to 'tax our society into prosperity' (for the first time in recorded history)
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reb4
Champion Author Chicago

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Message Posted: Dec 17, 2012 3:44:55 PM

Now, now, we have to wait a few more weeks until it's been 4 years for Obama. He just needs to do a little touch up work to fix everything up... :-)
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nstrdnvstr
Champion Author Twin Cities

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Message Posted: Dec 17, 2012 3:36:39 PM

btc, but liberals say we have to borrow more money to "fix the debt".

When has anybody borrowed their way out of debt?
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AC-302
Champion Author Los Angeles

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Message Posted: Dec 16, 2012 1:34:31 PM

Topic: Job-Destroying CEOs Demand Even Bigger Tax Breaks To ‘Fix’ The Debt

--Huh? How do CEOs "fix" the debt? CEOs are looking out for the interests of their own companies. If business is down, they may need to cut workers, pure and simple. If you ran a company, and you had guys sitting around, would you lay them off or keep them sitting around reading magazines? And what if you had shareholders (typically mutual funds or retirement and pension funds) invested in your company? They expect a return on their investment. Are you going to tell these investors to "lump it"?s If so, your share price would go down, and you'd find that folks wouldn't want to buy your stock. That would mean you'd have less capital to expand, and you might even have to lay off MORE workers. The work force has to match the volume of the business.

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gocatgo
Champion Author South Carolina

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Message Posted: Dec 16, 2012 12:43:54 PM

"Even bigger tax breaks" to the Ceos of course. Never let it be said that bigger tax breaks aren't going to those that need it the most. This is an ideal few cons can disagree with.
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btc1
Champion Author Lexington

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Message Posted: Dec 15, 2012 6:41:38 PM

Guitar-Man, every article on the economy I have read are like this one. You are apparently paying attention to the Lying Fox News Network or some other subversion extreme right media.

'Mitt Romney attempted to dismiss the job growth on Obama's watch in a January interview with conservative radio host Laura Ingraham: "The economy always gets better after a recession, there is always a recovery," he declared. While true, this comment presents an interesting rhetorical tangle. Romney seems to be arguing that the question isn't whether the jobs situation has improved since Obama has been in office, but whether or not it could have improved more. For Obama, that's a difficult argument to defend against; after all, hindsight is always 20/20. Then again, it's also a difficult argument for Romney to make."

Look at the graph with the article. The economy has turned people. The problem is the corps who refuse to not take more. And no, they are not job creators. They need to pay more.
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MiddletownMarty
Champion Author Connecticut

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Message Posted: Dec 15, 2012 6:34:11 PM

"Maybe the problem isn't "evil, rich folk" but government with their feet on the necks of just about all industries stiffing any growth and expansion."

So, when will those wealthy Bush tax cut recipients begin creating all those jobs that were promised?

Well? We're waiting.

[Edited by: MiddletownMarty at 12/15/2012 6:37:24 PM EST]
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Guitar_Man
Champion Author Colorado Springs

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Message Posted: Dec 15, 2012 6:27:26 PM

Paxman: My grandmother used to say "the proof is in the pudding"

We've had Obama steering the ship for four years now...when is the ship going to turn???

By ALL measure, we are WORST OFF now than we were when Obama took office. (I can't think of a single category/situation that is better now than in 2008...not jobs, not economy, not gas/food prices, not bipartisan cooperation in Washington, not foreign affairs, not much of ANYTHING!)

So Obama's solution is MORE taxes and MORE government spending that has NOT worked and we have $16 Trillion "proofs in the pudding" to back that up!

Maybe the problem isn't "evil, rich folk" but government with their feet on the necks of just about all industries stiffing any growth and expansion.
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MiddletownMarty
Champion Author Connecticut

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Message Posted: Dec 15, 2012 2:11:58 PM

"What? Excuse me, but CEO's are in charge of company's that HIRE people..."

We aren't talking about hiring people overseas while laying off US workers. See the linked article.
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PappaVanTwee
Champion Author Indianapolis

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Message Posted: Dec 15, 2012 1:45:06 PM

>>>
Liberals, like Obama, believe EVERY problem can be solved by government.
<<<

Total and utter BS. When the economy is bad, the government needs to step in to help get the economy moving again, because those CEOs are taking fatter and fatter checks, while cutting more and more of their workforce. Once the economy is back to where it should be, I for one would love to see a reduction in government and government spending. We aren't there yet.
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Guitar_Man
Champion Author Colorado Springs

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Message Posted: Dec 15, 2012 1:23:23 PM

"job-destroying CEO's"

What? Excuse me, but CEO's are in charge of company's that HIRE people and provide benefits like reduced rates for healthcare, dental care, life and disability insurance, and often pension and 401K programs.

This is a key difference between liberals and conservative. We conservatives have learned from history and know that a LARGE and GROWING private sector equates to low unemployment, and that a large and growing economy actually helps provide more revenue for the government.

Liberals, like Obama, believe EVERY problem can be solved by government. Unemployment? Bigger government programs is the answer. Higher prices? Bigger government programs. Too many fat people? Bigger government. (Name any problem...liberals believe the average American is too stupid to help themselves and figure it out themselves to in swoops government to "fix" it.)

The problem is that more government doesn't solve problems and more government doesn't create jobs and poor people don't rise to the top 2% of the wealthy because of government but by working super hard, believing in personal responsibility, and being the masters of their own destiny.

I remember a time when Democrats were fiscally conservative...

"A tax cut means higher family income and higher business profits
and a balanced federal budget....As the national income grows, the
federal government will ultimately end up with more revenues.
Prosperity is the real way to balance our budget. By lowering
tax rates, by increasing jobs and income, we can expand tax
revenues and finally bring our budget into balance." --John F. Kennedy
September 18, 1963
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daylily2009
Champion Author Fayetteville

Posts:1,889
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Message Posted: Dec 15, 2012 12:16:39 PM

As long as bone head obama is around ---
Jobs will be leaving!!
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mudtoe
Champion Author Cincinnati

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Message Posted: Dec 9, 2012 6:09:57 PM

The more jobs they move overseas, the less taxes and less Obamacare they have to pay. It's a no brainer. Capital moves from where it's treated harshly to where it's treated well.


mudtoe
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owt
Champion Author Tennessee

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Message Posted: Dec 9, 2012 6:01:32 PM

Can't fix the debt if the spending isn't under control and it surely isn't under this President.
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