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GOP Once More Cutting Taxes to “Make Jobs”

GOP Once More Cutting Taxes to “Make Jobs”

Remember all of those jobs created in the boom years of George W. Bush, or more recently when the Bush tax cuts for millionaires were renewed?

Oh, you’re right.  The economy still struggled.  But the GOP has a plan for that.

More tax cuts.

This time, their “jobs” agenda is focused on cutting corporate taxes even further, continuing to reward companies that operate overseas instead of in the U.S., and cut regulation on businesses even further, because taking away government oversight has worked so well in the energy, banking and food sectors.

Key components of the new plan include:

• Increase American competitiveness to spur investment and create more American jobs by streamlining the tax code and lowering the tax rate for businesses and individuals including small business owners to no more than 25%.
• Reform the tax code to allow American businesses to bring back their overseas profits without having to pay a tax penalty so they can invest in our economy
• Remove barriers to building a first class workforce so that the United States can compete in the global marketplace and lead the way in technological development and growth.
• Maximize Domestic Energy Production to Ensure an Energy Policy for the 21st Century:
• Promote lower energy prices through increased domestic production.
• Encourage all forms of energy production.
• Build upon the House Republicans’ Budget by enacting significant spending cuts.

Of course, of all of these, my personal favorite is “remove barriers to building a first class workforce” for competition in the global marketplace.  After all, that translates directly to “eliminate minimum wage, paid benefits and other worker protections so that businesses can pay much less for labor like other countries do.”

Democrats called the proposal a rehash of all their old, worn-out, failed ideas, and an attempt to distract the voters from their drastic plans to end Medicare and other social safety net programs. Minority Leader Nancy Pelosi said, “It’s warmed-over stew. These are the same policies in the Bush administration that did not create jobs, that increased the deficit [and] did not strengthen the middle class.  You have to invest in growth [to have] job creation.”

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Photo: http://www.gnu.org/copyleft/fdl.html via Wikimedia Commons

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7:15PM PDT on Aug 4, 2011

insanity

1:59PM PDT on Jun 15, 2011

Monkeynomics at it's best......

6:35AM PDT on Jun 5, 2011

What part of Government regulation & taxes is hard for you to understand? The first of those is the major reason for the flight of business. Take a look at periods of job growth and you will, largely, see an overall favorable tax climate. Do not forget that even Democrats have supported this position.

Any business is in business for the purpose of making a profit. Why does the left want to characterize that as evil? Even "the great" George Soros seeks ever more profit. Even to the point of collapsing a country's monetary system!

You don't like "OUTSOURCING"! Want all those companies to come home? Get your friends together and get behind the FairTax proposal. That willl end the eville (sic) of outsourcing. Not only that it will make the US the place for other countries to "outsource"!

Original Message:
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Hello,

Julie left a comment on the following article:


GOP Once More Cutting Taxes to "Make Jobs"
This is pure unadulterated BS. They have not created one job with their tax cuts, instead they nave gone to outsourcing jobs in their greedy frenzy

6:27AM PDT on Jun 5, 2011

I note you left out the reason there are deficits!

It is not a lie that the Government accrues a deficit when it spends more money than it takes in.

Therefore any reduction in taxes does not "create" a deficit. ALL DEFICITS COME FROM FECKLESS GOVERNMENT SPENDING!

Kind of like the "stimulus" spending.

The most recent tax data shows that "business" vs individual submits 4% of all tax returns (http://www.irs.gov/taxstats/article/0,,id=170544,00.html &

http://www.irs.gov/taxstats/indtaxstats/article/0,,id=96679,00.html

Table 6). Taxes paid are 22% of the individual taxes paid! Or 18% of the combined total. Hardly "6-7%"! Seems like simple math eludes you!

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Gary A left a comment on the following article:


GOP Once More Cutting Taxes to "Make Jobs"
Duncan O’Neil says Tax cuts are not a factor in deficits! Deficits accrue from one reason & one reason only WRONG again republinazi piss boy deficits happen when you shrink revenue with corporate welfare in 1960 big business paid appro. 31% of total taxes now its down to 6-7% can you do simple math? Or is your job here to spread repulinazi lies?

5:58AM PDT on Jun 5, 2011

One could also say that the Democrats are a "one idea party"! Take from those that make & give to those that don't.

Sole purpose to keep the Democrats in power.

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Rex left a comment on the following article:


GOP Once More Cutting Taxes to "Make Jobs"
Republicans are a one idea party. One size fits all. Who benifits? Corporations and their top executives. Job creation, where? Republicans are the party of one ideas. And it isn't working.

9:29PM PDT on Jun 4, 2011

Businesses, just like individual people, should have their tax be set, and they pay that tax. Period. No loop holes for "creative business entries". If they give to charity, let them take that break in a similar way as an individual, and because the businesses are better able to earn money, shouldn't be able to double their cut.

But to offer a flat out tax break for businesses is just plain not going to bring more jobs in. What about recent college grads who want to open a new business, that gets a start up break for the first year?

5:47AM PDT on Jun 3, 2011

what i always find funny is when a tea bagger or republican tries and to say: "Government doesn't create jobs."

To which I counter. Who created the tax break, the government. SO wouldn't the governement then have created the job by providing a tax cut that was requested. Government has the power to create jobs, and government has the power to take jobs. Tax cuts (trickle down economics) has been disproven time and time again as a way to kick start the economy. Lower the taxes for the middle class, so they pump more money into the economy, and the richer upper 1% might actually MAKE MORE MONEY! present it to them that way, and you'll see the GOP champion middle class tax cuts quite quickly

2:28PM PDT on Jun 2, 2011

Tired old meme from the GOP. Even conservative economists like Volcker and Galbraith agree some stimulus is needed during severe downturns. It's not a matter of arcane economic philosophy like Keynes vs Ricardo, but the practical reality of human suffering.

But we need more than a modest stimulus, we need a major one like an infrastucture/jobs program (not a world war, please)! What could get us out of the slump is major investment, public and private in self-sustaining domestic energy. If we could power ourselves it would put tons of people to work and redress our poor balance of trade.

Govt's role here is it could encourage the private sector with huge tax breaks (for sensible programs) and matching funds. There is no physical or engineering reason we could not be self-sufficient in solar and wind power now. It's because the petrochemical companies have been blocking this kind of development; it would undercut their profits in the long run.

3:46AM PDT on Jun 1, 2011

Good old GOP: the same regurgitated bs over and over. These policies have never worked and will definitely not work in the economic climate in the US and world.

9:40AM PDT on May 31, 2011

Congressional Reform Act of 2011

1. Congress loses their current health care system and participates in the same health care system as the American people.

2. No Tenure / No Pension. A Congressman collects a salary while in office and receives no pay when they are out of office.

3. Congress (past, present & future) participates in Social Security.
All funds in the Congressional retirement fund move to the Social Security system immediately. All future funds flow into the Social Security system, and Congress participates with the American people.

4. Congress can purchase their own retirement plan, just as all Americans do.

5. Congress will no longer vote themselves a pay raise. Congressional pay will rise by the lower of CPI or 3%.

6. Congress must equally abide by all laws they impose on the American people.

7. All contracts with past and present Congressmen are void effective 1/1/12.
The American people did not make this contract with Congressmen. Congressmen made all these contracts for themselves. Serving in Congress is an honor, not a career. The Founding Fathers envisioned citizen legislators, so ours should serve their term(s), then go home and back to work.

8. Term Limits.
12 years only, one of the possible options below...
A. Two Six-year Senate terms
B. Six Two-year House terms
C. One Six-year Senate term and three Two-Year House terms

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