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Originally posted by nyk537
By (gasp) lowering taxes on them.
Originally posted by grover
It has nothing to do with taxes... when you look at it the United States has some of the lowest taxes in the industrialized world
"Of the 106 countries surveyed, only the United Arab Emirates (55 percent), Kuwait (55 percent), and Japan (40.69 percent) impose a higher corporate tax rate than the combined rate of 40 percent in the U.S.," says Hodge. "What this says about America's tax competitiveness is not good."
More than half of the countries surveyed have individual capital gains tax rates lower than that of the U.S.
A low capital gains tax rate has an important role to play in fostering economic growth.
The news that more than 60 percent of U.S. corporations failed to pay any federal taxes from 1996 through 2000 when corporate profits were soaring and that corporate tax receipts had fallen to just 7.4 percent of overall federal tax revenue in 2003 – the lowest since 1983 and the second-lowest rate since 1934 – is an outrage. But it should come as no surprise to anyone who has been paying attention to national tax policy over the past few years. The General Accounting Office (GAO) report also found that an astonishing 94 percent of corporations reported tax liability of less than 5 percent of their total income during the same time period. Corporate tax dodging has gone on for far too long.
• He is an intellectual, who is more impressed by academic and governing credentials than familiarity and loyalty.
New York Times columnist David Brooks nailed it recently when he called the emerging cabinet a “valedictocracy”: a team of the nation’s first-in-class Ivy League elites. He meant it as a compliment. He’s not alone: it’s hard to find Republicans who don’t express admiration (at least in private) for the emerging Obama team.
• He is willing to take big risks.
His economic and national-security teams are getting packed with huge personalities who see themselves as architects, not assembly-line workers. The potential for big clashes in tough times is high. But so is the potential for big results.
• He is very focused on governing—and prefers persuasion to force.
Obama inherits what every president dreams of: a Congress controlled by his party and with strong majorities. Unlike Bush, he seems to genuinely care what they think.
Many Republicans resented the way Bush simply dismissed the power and input of Congress. He saw his victories as mandates to implement his agenda and was dismissive of naysayers in either party. Obama seems to making a different calculation: Democrats can win big if they proceed with something resembling a parliamentary approach to governance.
• He isn’t so disdainful of the “Washington insiders” after all
Much of the media focus has been on how Obama has surrounded himself with “rivals” or “moderates.” But from one perspective what’s most surprising about them is how unsurprising they are—they are a roster of the Democratic establishment.
It is clear now the “change” Obama will bring to Washington will center around his personal style and values, not the cast of characters by his side.
• He is willing to jettison campaign promises to suit the political landscape
Every president does it, but Obama is breaking (or at least bending) a stack of promises even before he takes office.
His staff has spread the word that he will not immediately push his plan to raise taxes on the rich by repealing the Bush tax cuts. Many Democrats predict he will hit the brakes on the movement to make it easier to force unionization of the workplace – a core demand of his most loyal supporters that could get a lower priority as he scrambles to head off a depression. And Obama has signaled that liberal dreams like the repeal of the military’s don’t-ask-don’t-tell policy on gays in the military will take a back seat to more practical elements of his agenda aimed at helping struggling middle-class families.
WASHINGTON — People want the tax cuts promised during the presidential campaign, but may be willing to wait while President-elect Obama takes on the larger issue of fixing the economy.
Eighty percent say trimming personal tax rates should be a goal when the new president takes office in January, but only 36 percent say the cuts should a very top priority, according to a new Associated Press-GfK poll. That was less than half the 84 percent who cited improving the economy as a No. 1 goal, and the 80 percent who said creating jobs should be a paramount task....
.... Even fewer people _ 29 percent _ said another top priority should be Obama's plan to allow tax cuts to expire for families earning more than $250,000 a year. He has said he would use the revenue that would raise to help finance some of his priorities.
Amid such talk, 72 percent in the AP-GfK poll voiced confidence Obama will make the changes needed to revive the stalling economy. Underscoring how widely the public is counting on its new leader, 44 percent of Republicans joined nearly all Democrats and most independents in expressing that belief....
....The AP-GfK poll was conducted Nov. 6-10 and involved cell and landline telephone interviews with 1,001 adults. It has a margin of sampling error of plus or minus 3.1 percentage points.
AP News Survey Specialist Dennis Junius contributed to this report.
On the Net:
AP-GfK Poll: www.ap-gfkpoll.com...
Originally posted by grover
high profile transition
And about the cabinet picks he's made so far?
Originally posted by semperfortis
reply to post by grover
I apologize if you saw my post as a partisan attack. I truly never intended it to be that way.
Originally posted by semperfortis
I see Clinton as a good choice
WASHINGTON (AP) - It wasn't too long ago that Barack Obama and his advisers were tripping over one another to tear down Hillary Rodham Clinton's foreign policy credentials. She was dismissed as a commander in chief wanna-be who did little more than sip tea and make small talk with foreign leaders during her days as first lady. "What exactly is this foreign policy experience?" Obama said mockingly of the New York senator. "Was she negotiating treaties? Was she handling crises? The answer is no.