Republicans want to RAISE taxes?

[Bubble Burster]

I think we all make broad assumptions here.
As Unions fade the widening gap between those that have and the have nots grow larger. When this happens and your middle class disappears, this will make our country into a second or third world type. Jobs will pay less as gas and food prices increases. Without Unions the future looks rather bleak.

When and if Unions disappear we will once again find that we need them.

I did not mean to say that job losses were tied to the BU$H tax cuts. But cutting more taxes to buisness will not increase employment.

There are three kids in my neighborhood who do yard work for spending money in the summer. One of them works for $5/hr and one works for $10/hr. The third one bids on a job and doesn't quit until the job is done. Care to guess which one makes more money?

 

[ThisIsYorCaptnSpkng]

There are three kids in my neighborhood who do yard work for spending money in the summer. One of them works for $5/hr and one works for $10/hr. The third one bids on a job and doesn't quit until the job is done. Care to guess which one makes more money?

They're all foolish. Instead, they could join a union, charge $50/hr, and be on unemployment by now. Some good community organizing acorn lib needs to talk to these kids.

 

[jasmin]

I think we all make broad assumptions here.
As Unions fade the widening gap between those that have and the have nots grow larger. When this happens and your middle class disappears, this will make our country into a second or third world type. Jobs will pay less as gas and food prices increases. Without Unions the future looks rather bleak.

When and if Unions disappear we will once again find that we need them.

I did not mean to say that job losses were tied to the BU$H tax cuts. But cutting more taxes to buisness will not increase employment.

Thanks for the clarification on your point on tax cuts. I can't agree with your view of unions in the future though.

A report from the CBO from 2005 that discusses how corporate tax rate effect where companies invest. You have to ignore the actual tax rates cites as they are far different than today. The second link gives rates relative to other countries.

http://www.cbo.gov/ftpdocs/69xx/doc6902/11-28-CorporateTax.pdf

http://seekingalpha.com/article/257977-high-u-s-corporate-tax-rate-a-barrier-to-economic-growth

Now I'll grant you that there are looholes and disagree with a system that allows a profitable business to pay no net income tax. However, a system with lower rates along with fewer loopholes would be better for almost everyone.

Many of us, myself included, have stated that companies aren't hiring due to uncertainty. That's not really the precise issue though. Being told for three years that you are the villian, that you WILL pay more for employee health care, you WILL pay more due to government regulations, and that you WILL pay more in taxes, are reasons companies are holding on to their cash and not hiring. Companies are certain, so long as obama is in office, their normal risks and costs of doing business are increased.

 

[tinkrbelle]

Thanks for the clarification on your point on tax cuts. I can't agree with your view of unions in the future though.

A report from the CBO from 2005 that discusses how corporate tax rate effect where companies invest. You have to ignore the actual tax rates cites as they are far different than today. The second link gives rates relative to other countries.

http://www.cbo.gov/ftpdocs/69xx/doc6902/11-28-CorporateTax.pdf

http://seekingalpha.com/article/257977-high-u-s-corporate-tax-rate-a-barrier-to-economic-growth

Now I'll grant you that there are looholes and disagree with a system that allows a profitable business to pay no net income tax. However, a system with lower rates along with fewer loopholes would be better for almost everyone.

Many of us, myself included, have stated that companies aren't hiring due to uncertainty. That's not really the precise issue though. Being told for three years that you are the villian, that you WILL pay more for employee health care, you WILL pay more due to government regulations, and that you WILL pay more in taxes, are reasons companies are holding on to their cash and not hiring. Companies are certain, so long as obama is in office, their normal risks and costs of doing business are increased.

From looking at the tables-- it looks like USA is one of the lowest, so there goes the excuse of "corporations are taxed too much in the US, so they need to have subsidiaries overseas".

"Many of us, myself included, have stated that companies aren't hiring due to uncertainty"
I would almost consider this as the truth if the CEO's weren't syphoning record breaking bonuses and paychex, while laying off workers. You just have to look inside our industry and this is what is happening.
I think there should be penalty taxes for those corps offshoring both workers and profits, while doing busines in the US and reaping all the benefits here.

 

[Bubble Burster]

Thanks for the clarification on your point on tax cuts. I can't agree with your view of unions in the future though.

A report from the CBO from 2005 that discusses how corporate tax rate effect where companies invest. You have to ignore the actual tax rates cites as they are far different than today. The second link gives rates relative to other countries.

http://www.cbo.gov/ftpdocs/69xx/doc6902/11-28-CorporateTax.pdf

http://seekingalpha.com/article/257977-high-u-s-corporate-tax-rate-a-barrier-to-economic-growth

Now I'll grant you that there are looholes and disagree with a system that allows a profitable business to pay no net income tax. However, a system with lower rates along with fewer loopholes would be better for almost everyone.

Many of us, myself included, have stated that companies aren't hiring due to uncertainty. That's not really the precise issue though. Being told for three years that you are the villian, that you WILL pay more for employee health care, you WILL pay more due to government regulations, and that you WILL pay more in taxes, are reasons companies are holding on to their cash and not hiring. Companies are certain, so long as obama is in office, their normal risks and costs of doing business are increased.

Most of the reforms for which unions asked for have now been made a matter of law. The laws won't go away when the unions do. Those pricks are still getting over $50/hr in salary and benefits for putting nuts and bolts in cars after a one day training class. That is why the two biggest US car brands are Toyota and Honda. When they got into the US market, both brands were still made in Japan.

The Japanese could build cars there, pay for the shipping cost and import fees, and still sell their cars for less money. When they introduced the Corolla to the US, the price was $1700. There was a six month waiting list and dealers were able to add a $1000 premium to the list price. The Chevy Caprice I got for a company car that year sold for almost $6,000.

 

[jasmin]

From looking at the tables-- it looks like USA is one of the lowest, so there goes the excuse of "corporations are taxed too much in the US, so they need to have subsidiaries overseas".

"Many of us, myself included, have stated that companies aren't hiring due to uncertainty"
I would almost consider this as the truth if the CEO's weren't syphoning record breaking bonuses and paychex, while laying off workers. You just have to look inside our industry and this is what is happening.
I think there should be penalty taxes for those corps offshoring both workers and profits, while doing busines in the US and reaping all the benefits here.

You looked at the rates from 2005, not the attachment from today's rates, I think.

 

[jasmin]

Most of the reforms for which unions asked for have now been made a matter of law. The laws won't go away when the unions do. Those pricks are still getting over $50/hr in salary and benefits for putting nuts and bolts in cars after a one day training class. That is why the two biggest US car brands are Toyota and Honda. When they got into the US market, both brands were still made in Japan.

The Japanese could build cars there, pay for the shipping cost and import fees, and still sell their cars for less money. When they introduced the Corolla to the US, the price was $1700. There was a six month waiting list and dealers were able to add a $1000 premium to the list price. The Chevy Caprice I got for a company car that year sold for almost $6,000.

It's not just the auto industry either. Much of the case in Wisconsin was that they would have to lay off many current workers in order to pay the retirement benefits of many previous employees.

Toyotas are horrible cars and they still haven't owned up to the acceleration issues. Funny the issues are not happening in Japan. Hondas are losing thier edge and still have ridiculous maintenance costs. We have one left but it will be gone soon.

 

[Bubble Burster]

It's not just the auto industry either. Much of the case in Wisconsin was that they would have to lay off many current workers in order to pay the retirement benefits of many previous employees.

Toyotas are horrible cars and they still haven't owned up to the acceleration issues. Funny the issues are not happening in Japan. Hondas are losing thier edge and still have ridiculous maintenance costs. We have one left but it will be gone soon.

We have finally achieved the socialist dream. Not only is discrimination prohibited on the basis of race, creed, or color, but also on the basis of motivation and ability.