I always love it when folks say something quaint like that. I guess it's OK for "American" companies to make profits overseas and ship them back here though right?

Liberals think everything is so simple to fix.

 

You mean that no one in those other "model" countries can do the surgery. HOLY CRAP WE NEED TO LEVEL THE PLAYING FEILD AND MAKE THAT ONE DOCTOR STOP! It's just not "fair" that only one doctor can have that skill. And think about it, only one person in the world who can perform a life saving operation, that should be worth at least minimum wage!

 

What idiotic dribble. You voted for the man! You didn't want to believe anyone who told you they were just campaign promises. You wanted to believe "hope" and "change". Hell, I bet you had the Obama/Biden sticker on your car. You speak too many lies to even argue the point, and not like you would listen anyway. Just like all the other BO supporters.

 

I'm still confused at why you said, "Nope. Sorry, close but no cigar?"

 

It's economics.

A good economy is what pays down the deficit(also coupled with low government spending). If the economy sucks, then cash flow to the government will be low.

Reagan's debt increases were military spending to defeat communism for the most part. W's tax cuts help create alot of jobs until the housing crisis hit towards the end of his presidency. Clinton's small budget surplus was influenced by a roaring economy and his extreme cuts to certain parts of the government after the congress swapped out.

You can't just easily say, "Clinton increased taxes and we had a budget surplus as if it was as simple as 1+1=2"

For example: What do you think would pay down the deficit better?

1. Terrible economy and tax to death.
or
2. Booming economy and light taxes.

There comes a point where you are killing the goose that lays the golden eggs. Government needs to not spend more than the gooses can produce the gold(private industry).

 

Your post said:
It's irrelevant if the tax rates go up or the tax cuts stay in place. The USA has the most corporate taxes in the world and thanks to the Japanese and their corporate tax cuts, by quite a margin now (the Japanese are in second place). If the tax rates go up for corporate America, the margin just gets more absurd. The USA is the most business unfriendly nation in the world.

 

Our corporate taxes may be the highest, but at least we have a Constitution that prevents the Executive Branch from taking over companies and leaving shareholders, creditors and business owners in the lurch...

Oh, wait. Nevermind.

I guess you are right.

 

You are kidding aren't you ???

For the Clinton administration leaving office ( do not forget the surplus did not come until the end of his 2nd term ) :
Look at the record profits & income for individuals in the Clinton time frame ( Republican controlled house of rep ), and this is only in the 2nd term, not the 1st 4 years.
More people being subjected to the highest of tax rates, and you will have more money flowing into the fed. This is in part what lead to the tax increases, people making a lot of money under short term capitol gains and being subject to AMT ( which is still not indexed for inflation )

This was in part the reaction to 1981 to 1993 policies ( tax et all ) that were enacted. Not necessarily the direct result, but without the policies of 1981 to 1993, this would not have happened. Anyone recall what Prime was in 1979, and a really good mortgage on your house was 18%.

Your post makes it sound as if tax increases leads to high taxes being generated, which was not the case.
APR-1996 JEC report on Reagan Tax cuts:

Given the forecast of a 40% short fall did not actually happen for the whole 4 years of his 2nd term, it was close.

BTW : Did you catch the year of that tax increase

From the same report :
Got any other non researched collections of words to post ?

You can try Google before posting, to make sure you do not post the equivalent of " They Sky is yellow and falling"

 

Only if you are a Union shop... supplying votes

 

A lot of the incremental changes in tax receipts for the first year Clinton got a raise in taxes was offset by people claiming income in the year before. Many Wall St. bonuses went out early that year to offset taxes, etc.

I agree that you could in theory have very low taxes and bring more in during a booming economy. The question is will we every truly have a booming economy again? Is today the new norm?

The reality is that today I can send anything to anyplace in the world and get it there tomorrow if I want. Technology helps and hurts at the same time.

Let's just say we eliminate all regulations and corporate taxes. Why would I make an item in the US anyway? I can make it in China, Pakistan, or many places with cheap labor and ship it back and still be ahead in the game. I can pay some impoverished Chinese person $2.00 a day. I have to pay an American more than that. I don't know about you but it wouldn't be worth my effort to work for $2.00 a day given our costs of living here. We used to put tariffs in place to offset labor costs and most are so low or gone. They still have high tariffs against our stuff though. It isn't an even playing field to begin with.

Still from Reagan to Obummer, every Republican President has had higher deficits than the Democrats. Obummer may change that but he has become more of a Republican that Nixon anyway.

As far as health care, innovation is great but it serves little purpose if no one can access it. There are people in this world that die of diseases that we have long eradicated but if they have no access to immunizations or medicines, what good is it to them?

Cutting spending is great too, but where? Do you want to end Social Security? Medicare? Education? Defense? Unemployment?

I mean we can become like North Korea...Kim il Sung spends money on creating bombs and his lavish lifestyle and the citizens are starving. Somalia, Mexico, Haiti...they all have low or no taxes for the rich...of course about 2% benefit and 98% are impoverished. Do you think that is just because they are lazy?

As long as we allow foreign made items to be dumped here for cheap and make nothing ourselves, we will be in a world of hurt. It is going to take a lot more than just cutting or eliminating corporate taxes and some regulations.

 

If you want to open up shop in China...you have to share your technology with the Chinese. Also even if you purchase the land you build your factory on, you only have rights to it for 50 years.

And of course as many of our US oil companies have learned, their foreign interests can be nationalized in a moments notice (Venezuela and Hugo Chavez).

 

People are certainly entitled to make money. The point is that how valuable is the ability to cure a disease if no one can afford to receive the treatment?

 

It's simple.....

When Clinton was President and the Congress controlled by Republicans the country strived and was prosperous. When Bush was President and Congress controlled by Democrats the country stalled and the debt continues to grow beyond control.

It's funny that Obama and Clinton are endorsing the Bush tax cuts. \

For the Liberals, name one State by Democrats that is in good shape? That's not fair....it's easier to name the top ten States in trouble....which you all know are run by Democrats. Wake up and smell the .

 

In China you have to apply for Chinese patent rights to make a product. If you use a sub contractor and they make the parts for you, as soon as you quit doing business with them, they now have your patent rights. Ask Leupold scopes about that one. They were having parts made in China and as soon as the crappy parts hit the fan, they dropped the supplier. Now you have to be careful buying Leupold scopes as there are a bunch out there wearing the Leupold name but are 100% Chinese.
The whole jist of my post was that if we expect to create more jobs and have less unemployment, we as a nation have to provide an environment for the corporations to build here. We do not provide that. Take the Ford plant in Brazil. Ford wanted to build it here. The line is capable of building 5 different platforms on the same line. All suppliers are at the site and provide parts on an as needed basis. But because of taxes and the UAW not wanting to make concessions to the average wage that the foreign companies are paying the US employees, Ford built it there. It's been a HUGE success! Toyota modeled their San Antonio plant to a degree after the concept. Toyota also got some major concessions that Ford couldn't get in tax abatements and providence over surrounding land. Now that was a sweetheart deal.

 

The conservatives held both houses of Congress except the last two years of the Bush days. The economy was already faltering by the 2006 elections which is why the Republicans were voted out of office then.

None of the Bush years were exactly great. I realize 9/11 and Katrina can't exactly be blamed on Bush but still we had problems leading up to those events and they just kept coming. The national debt spiraled out of control on Bush's watch too. He signed the TARP stuff and began all of the corporate handouts. Obummer continued most of the same crap and for that he needs to go too!

If we had huge tax cuts and they didn't spur this economy to be running wild, why would you continue them? I think 10 years is a pretty good test period. The years from 2001-current haven't been our shining moments.

BTW...Would you agree that the unemployment rates are a good measure of a state's economy? I did some fact checking and I think you are amiss on your claim.

ND has the lowest unemployment rate and has a Democrat Gov.

Of the top ten...ND, HI, IA, NH, KS, WY and OK are all controlled by Democrat governors.

And...NV has a Republican governor and lays claim to the highest unemployment in the nation!