Explain to me again why we should lower corporate taxes?
Reshared post from +Bernie Sanders
Must Read: Some Outrageous Facts about Inequality – Paul Buchheit, Mother Jones: http://www.sanders.senate.gov/newsroom/news/?id=328c8a39-5c45-4356-ad0e-8a08ccd845e6
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The theory is that if we don't they'll take all their business overseas. Not saying that this is true, since most of them position their operations to avoid paying US taxes, but that's the argument.
Aside from cars and commercial aircraft what business hasn't already gone to China or elsewhere. It's too late to make that argument.
I think we should increase taxes on companies that have moved labor overseas instead of continuing to dole out subsidies. Our current tax code encourages sending jobs away. So I say, call their bluff +Karl Hughes. If they want to sell stuff here made elsewhere, be prepared for MUCH higher import taxes…
Fair enough, that's just what republicans will tell you 😉
Tell me again why we should continue to give more and more dollars to the government?
Roads and infrastructure. Military. Protection of environmental resources. Education. There's plenty more.
Education is the responsibility of the states.
But don't you think $1.3 trillion should cover all the things you mention?
My View? What you bring in with the current tax rates, and not a penny more.
Oh. Well you didnt specify.
ANywho, in a perfect world sure, but carrying crippling debt accrued by both parties, the idea that we can "not spend" our way out this is probably not likely. We got ourselves into this by cutting revenue (taxes) WHILE deficit spending. Makes sense that the best way to correct this would be to do… I don't know, just spit-balling here, the OPPOSITE of what got us into this situation.
Nope. Cutting taxes brings increased revenues. Always has.
I don't know, just seems to me if you're ridiculously in debt, the last thing you want to do is borrow more money?
Taxes are not "borrowed" funds. And your argument isn't historically accurate as our most prosperous times have had MUCH higher personal and business effective tax rates.
Nope.
Wow. That was a great last word there. Really convinced me. Anywho, I'm going to go back to my little corner of the internet where we pay attention to facts and historical accuracy and all that jazz.
Have fun being wrong all the time. I'll be unsubscribing from this conversation now.
Facts? Historical accuracy? Bwahahahah.