Democrats looking to raise taxes

a reply to: DBCowboy

Those evil corporations. Consumers must pay!

what a surprise - communists want more power and money for the state to bribe voters with, they used to call this corruption.

a reply to: DBCowboy

It's too bad Republicans won't allow a couple of these extremely loony Democrat ides to be enacted. The Fall 2020 elections would GLORIOUS for Republicans. Then on 1/1/2021, reverse the polices Dims used to commit party suicide.

originally posted by: Iscool

originally posted by: DBCowboy

House Budget Chairman John Yarmuth (D-Ky.) has
announced that the forthcoming budget blueprint will call for a 33 percent corporate income tax rate by hiking the rate from 21 percent to 28 percent. This would make the U.S. a less competitive place to do business and make the U.S. statutory rate higher than many developed competitors.
State corporate taxes average 6 percent across the U.S, so this planned tax hike would give the U.S. an average top corporate rate of 34 percent.
The current combined corporate rate across the 36 member Organisation for Economic Development and Cooperation (OECD) is currently 23.7 percent.
This proposed tax hike would make the U.S. rate higher than major competitors such as the United Kingdom (19 percent), China (25 percent), Canada (26.8 percent), Germany (29.8 percent), and Ireland (12.5 percent).
"Hiking the tax rate on American businesses will kill jobs, lower wages, and reduce new investment in America," said Grover Norquist, president of Americans for Tax Reform. "Why do the Democrats want to damage American competitiveness and job creation?"

Bold is mine.

www.atr.org...


So democrats have established they don't want border security.
They've already attacked gun rights.
They've supported tearing down statues so we know where they stand on free expression.

Now they want to raise taxes.


Not really surprized. But I had been tongue-in-cheek when I stated that they probably would raise taxes.

I had no idea that they hate us having our money so much!

Communism at its finest...They like to call it Progressivism, or Democratic Socialism...No middle class...Rich and poor...And the poor rely on the gov't for everything...The Mayor of New York City even admitted on tv they want to eliminate all private property...You'll have to work but you won't need money...The gov't will provide everything...Food stamps for everyone...Rent vouchers...And the worst part is they will make all immigration legal and we'll be infiltrated with muzlims like they are in Europe...We're already getting American hating muzlims in Congress...We had muzlims running for Governors...Democrats WILL vote them in...

Hmm... They Do Not Look to Motivated to me . Maybe a Good Smack in the Mouth would be the Better Approach here to get Across the Message , no ?

a reply to: Iscool
It’s fine. I’m used to your type who really can’t read the writing on the wall. I was dealing with the same blindness in 07 when I started telling people the economy was about to crash massively. Same response from people, “you’re a misinformed idiot, the economy is doing better than its ever done! Blah blah”. Then 08 came and they were all blindsided. And if you don’t recall, every month from then on they kept saying “the recession is over” even though it went on for years. So allow me to add here. How did it end? Bailing out the banks? Quantitative easing? A massive tax break? If you think these things would solve what the problem was, then it’s because you have no clue what the problem was. All they did was push the bust back and make the bubble bigger. I assure you that your “economy is doing great” will soon bust again, WAY worse than 08. And I hope you have lots of stocks invested so you can participate in how great the economy will be.

Yeah, fork it over baby.

originally posted by: carewemust
a reply to: DBCowboy

It's too bad Republicans won't allow a couple of these extremely loony Democrat ides to be enacted. The Fall 2020 elections would GLORIOUS for Republicans. Then on 1/1/2021, reverse the polices Dims used to commit party suicide.

He who has eyes, let him see.

He who refuses to see, let him continue to be made a fool of by a dumb psycho.

a reply to: Iscool
Let me help out here. Stocks are massively inflated by buybacks. That’s what companies do when they don’t want to grow production because they have no faith in the economy. There’s help wanted signs all over for low paying jobs. Real middle class jobs don’t put out help wanted signs, and they haven’t come back. Annual raises have been pegged at 2% for a decade and haven’t moved. Prior to 08 the average was 5%. So no, we’re not making more money, we’re making less. Debt is not increasing because we have more money. It’s because we’re unable to cover things with our income. We were pegged at almost 0% interest for a decade but the govt can no longer do that, but when interest rates rise people will be priced out of housing, and they’ve already been priced out of new cars which is why subprime auto lending has shot up. I’m informed, but it’s obviously not by the msm as you are, which is funny considering how much y’all piss and moan about the msm and govt lying.

And I look forward to seeing Samsung build a plant over here when they just took a 15% hit to sales. Why? Because less people are buying their products.

II think the problem is you don’t understand positive economics and negative economics. So economics is the production of value adding items and purchasing of those items, creating a circular flow. Positive economics is largely that, creating products at a reasonable cost and selling them for a reasonable price. One group makes a reasonable profit based off supply and demand, the other group gets a reasonably priced product or required service. Negative economics is things extraction based. Things like high interest, capital gains, monopolized services Or products, increased rents that largely take fluidity out of the economy. Since 08 all our “economic growth has been in the financial sector, extracting fluidity from the economy. This leaves less money for positive economy, people are less able to buy products. If you take away financial growth from the gdp, that’s interest, privatized services, real estate, the fire sector, our economy has actually been contracting. And hat is not the presentation of an economy doing well or growing.