Or we could just up your meds a little, find you a comfy adjustable bed and get on with trying to salvage this country.

Weaver95: But most of all, we need to come to an agreement on things like repatriation of the $1.5 trillion dollars that's sitting overseas. We could give them a lower tax rate - a much lower tax rate to bring that money home and create jobs. Why don't we do that?

Because without some sort of incentive, corporations won't use that money to create jobs. they'll just give senior management another round of bonus checks and pay raises and keep outsourcing jobs overseas.

you want to give corporations a tax break - fine. But find a way to hurt them if they move even one more job overseas. And not just a little either...make them f*cking bleed for it.

Indeed. Just like the banks who decided not to make loans, because golly gee, that would be taking a risk, so they'd rather just sit on the money they were given.

How about a trillion percent tax on those that craft liberty-raping legislation in closed door sessions?

Tax cuts for corporations, I will just declare myself a corporation, oh dear god, I lost money for the tenth year in a row, huh, strange, no tax for me.

While lowering tax rates for corporations overall might be a good idea (while increasing cap gains/dividend rates to offset) for improving tax efficiency and tax receipts and keeping corporations onshore, a 'tax repatriation holiday' like the one in 2004 is a HORRIBLE idea.

Corps brought back cash then at the reduced 5.25% rate, which admittedly helped the economy temporarily. But then the same firms just accumulated future foreign earnings offshore waiting for the next holiday! Why pay 35% when you might get another chance to bring it back at 5.25%? They aren't stupid.

Lower the corp tax rate to 10-20% depending on how many exemptions and loopholes you can eliminate, increase the cap gains/dividend rates to ordinary levels. Easier said than done, you have to still deal with timing issues and elimination of exemptions/loopholes which companies have made decisions based upon, but that should be the general goal. Whatever you do, no temporary holidays.

All of this is just rearranging deck chairs on the Titanic as long as people in China are making $5 a day. We can't tax our way out of that.

And if he really wants to kick start the economy, then he needs to propose that we do away with the minimum wage, child labor laws, environmental laws, and all that jazz that's keeping us from being the third world country we apparently want to be.

Debeo Summa Credo: waiting for the next holiday!

Funny how Republicans trot out this point with amnesty for immigrants but conveniently forget it about it here.

Debeo Summa Credo: Why pay 35% when you might get another chance to bring it back at 5.25%? They aren't stupid.

I don't think these assholes in Washington think these corporations are stupid. They think we're stupid, and it sure looks like they're right.

We should increase the taxes on the poor to 150%, if you're poor you are kinda lame, everyone else pays no taxes.

Diogenes: If I were in the Senate I'd turn their tactic right back around on them.

"OK. Senator. How will those lowered tax rates be paid for?"


We'll just need to cut all funding to PBS, NPR, and Planned Parenthood. That way it all works out, don'tcha know? All those extra babies don't need Bert and Ernie. Those dudes are probably homos anyhow.

The corporate tax rate is pretty high in the US and could probably be cut. However, I'm more interested in closing loopholes in the tax code so that corporations like GE start paying taxes at the actual rate.

Weaver95: find a way to hurt them if they move even one more job overseas. And not just a little either...make them f*cking bleed for it.

No one in power wants to.

And when I come to power, everyone gets free m&ms, but not skittles, cause thats gay.

low.dose: And when I come to power, everyone gets free m&ms, but not skittles, cause thats gay.

We will welcome you as a liberator.

the comments on that site are frightening. They base Obama, without commenting about what the GOP is offering as a counter, instead relying on talking points and such.

paygun: low.dose: And when I come to power, everyone gets free m&ms, but not skittles, cause thats gay.

We will welcome you as a liberator.

And everyone will have their own unicorn, but only the straight kind.

We will make global warming history, and we will make world war 2 history!

paygun: Debeo Summa Credo: Why pay 35% when you might get another chance to bring it back at 5.25%? They aren't stupid.

I don't think these assholes in Washington think these corporations are stupid. They think we're stupid, and it sure looks like they're right.

THIS!

I'm in favor of making the corporate rate 0%. Of course I'm also in favor of removing any and all breaks that the big corporations use to manage an effective 0% rate year after year. If they are going to use tricks to get to 0%, just make it 0% and fire the accountants.

How much farking money do these people need?

Taxes are low, profits are high, and they need more, more, more.

What's the tipping point? When do we start to see some kind of net positive gain from all the money that's been directed into their pockets?

It's like the GOP is some sad little shiat that thinks he can just keep showering a girl in gifts and eventually she'll love him.

This is pathetic.

Vodka Zombie: And people wanted this dotty, old loon to be president?!?

No, they wanted him to die in office so Queen Tard of Derp could run the country under her principles of....well, she would have resigned two days after, so we always can laugh at that.

The problem with this economic is a lack of demand. The Republican argument applies a supply side solution to a demand side problem. This will not work.

Seabon: The problem with this economic is a lack of demand. The Republican argument applies a supply side solution to a demand side problem. This will not work.

yep. newsletter?

hubiestubert: Vodka Zombie: And people wanted this dotty, old loon to be president?!?

To be fair, I wanted him to get the nod in 2000, as opposed to the Shrub...

To be fair, he was considerably less old, dotty, and loony in 2000.

And he would likely have gotten the nom in 2000 had it not been for Karl Rove and his horrifically evil phone poll.

http://www.youtube.com/watch?v=7_BcLjtG3eY

Whar BIRF mac cain, wher?

Close2TheEdge: Weaver95: Koalacaust: The corporate tax rate is pretty high in the US and could probably be cut.

Zero percent is 'too high'?

Frankly I find the whole "get rid of the loopholes and lower the tax rate" argument a smokescreen by the GOP. There's no reason to believe Congress wouldn't cower to their lobbyist masters, pull a bait and switch, and put all those lovely loopholes back in. Even AFTER lowering the basic corporate rate. These people are shiftless.

Many republicans have already stated (or signed Grover's pledge) that closing loopholes would be considered tax hikes unless the % was lowered AT least enough to match. And you just know they will use the same absurd republican tax math that lead people to tell me Paul Ryan's plan was a revenue increase. We'll slash taxes and then ummmm 0% unemployment, and all them extra incomes will have us rolling in dough!

Koalacaust: The corporate tax rate is pretty high in the US and could probably be cut. However, I'm more interested in closing loopholes in the tax code so that corporations like GE start paying taxes at the actual rate.

Let me ask you something. Do you pay taxes at your marginal rate or your effective rate?