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Old 08-14-2012, 08:21 AM   #517
Slingin Sammy 33
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Join Date: Feb 2007
Location: Virginia Beach
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Re: 2012 Presidential Election (free for all edition)

Quote:
Originally Posted by NC_Skins View Post
I don't think the corporate tax rate should be raised, it should be lowered, but ALL tax loop holes should be closed at the same time. No idea where you get this. I'll ignore that ridiculous "evil corporation" comment as it's misguided and inaccurate to say the least.
Great news, you're on-board with the Ryan plan...which lowers the corporate tax rate and closes many (not all) corporate tax loopholes.

I'm a FairTax person so I say no corporate taxes at all. Want to energize the economy....implement FairTax and watch corporations flock to the U.S. Our unemployment will be sub-4%.


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10 million? That's cute. How about you try 5 TRILLION dollars. Here people were thinking that corporations were doing bad. Nope, record setting profits and the CASH to prove it.

Idle corporate cash piles up | David Cay Johnston



Might want to rethink that because I think 5 trillion dollars put back into the economy can make the world of difference.
Good article. In the current economic and regulatory climate (thank you Obama/Dems) it would be stupid to try to expand a business and hire. The highest cost to a company is always labor/manpower, hence we have record profits and a jobless recovery. With the technologies we have, why would you pay 10 times the labor cost for a function to be completed?

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Explain to me how we are "punishing" companies when I showed you directly that they are hording cash? Companies are fine. It's small businesses that need the help.
Pending tax increases on business if Obama re-elected, increased healthcare costs/regulations to companies in Obamacare, higher energy costs due to Obama being bought/paid for by the environmental lobby, new rules from the NLRB that protect unions (not union-workers, but the unions as an entity), ridiculous and costly EPA regulations, Dodd-Frank costs including manhours (24M).

And while these costs hurt large corporations (who will ultimatey pass costs on to consumers), they strangle and kill small-business. Don't believe me, just go by any strip mall and look at all the "for lease" signs.

Jobs Sputter as Laws and Regulators Go Wild - Forbes

U.S. Banks’ Dodd-Frank Costs May Widen to $34 Billion, S&P Says - SFGate

Dodd-Frank costs US financial sector 24 million man-hours per year for compliance « Hot Air


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Hilarious. Explain to me how the Wall Street fiasco happened. De-regulation. Yes, all this happened because of deregulation that happened back during Clinton's term. So, you think deregulating is going to solve it, when history shows you otherwise?
The Wall St. collapse was triggered by toxic mortgage assets which stemmed from gov't intervention in the market. Most other problems we have in an industry or the economy stem from govt's unnecessary interference.

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You said it yourself. Corporations do not care, and this applies to anything. The are void of morality and conscience.
and this is how they should operate. There were plenty of regulations in place during the Reagan/Clinton/Bush years of prosperity and no corporations wre running willy-nilly destroying everything in their path. Some were environmentally irresponsible, they got sued or fined and were an example for others. Let a bank or two go belly up and find out how the other banks quickly regulate themselves. Corporations aren't going to do things which hurt their public image or could get them sued....that's what keeps them in check.
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