House Republicans Block "Bring Jobs Home Act"

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posted on Jul, 19 2012 @ 12:40 PM
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reply to post by gncnew
 


So your logic is to continue to outsource jobs and purposefully run from paying taxes into the country you live in. Seems like this logic has helped create our current economy.

CJ




posted on Jul, 19 2012 @ 12:40 PM
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reply to post by ColoradoJens
 


If anyone in Washington really wanted companies to bring jobs back to the US, they'd make it worth their while monetarily.

Grant them waivers from matching income tax, FICA, and Social Security... THEN the jobs come back.

Most large corporations WOULD LOVE to have American workers. We're the most efficient workers in the world with the highest level of productivity. Higher wages are not a big deal. It's all the taxes and regulations that screw the American worker from getting a job.

But we'd rather bicker about a bill that would tell these companies to spend $500 million to move their operation so they can get a $100 million tax break?

Still a net loss of $400 million - and that's just to move the factory.
edit on 19-7-2012 by gncnew because: (no reason given)



posted on Jul, 19 2012 @ 12:51 PM
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reply to post by LoonyConservative
 



... and besides all we have to do to penalize outsourced companies to to tax their imports


Which will never happen thanks to Free Trade pacts. What you're hinting at here is creating trade barriers like tariffs to slow the rate of imports into the US, and level the trade imbalance between our country and countries like China. BUT the same forces that reward outsourcing have also removed or lowered tariffs, so those products that were once manufactured in the US, that are now being manufactured in outsourced facilities in China or Mexico, have little import duties or tariffs placed on them.

If AC Delco closes a brake pad-manufacturing plant in the US and reopens it in Mexico as AC Delco Mexico, and even pays some of it's more experienced shop personnel to fly to Mexico and train their own replacements, all so it could ship those brake pads back to America for less cost, then that is "outsourcing" in the classic sense. This is different than if, say, a Mexican taco shell makers wanted to export it's product to the USA. That is simply a foreign company trying to expand to America. Tariffs could target specific products that were the result of outsourcing, but companies know who to play the shell game and could easily hide how and who made what.

The only real solution is to end giving tax breaks to a company that is moving it's jobs offshore. If that is there goal, then they can pay for it themselves. They don't need to be rewarded with our tax dollars. I do like, however, giving a tax break to a company that is bringing jobs back to America. I would think that EVERY country would do something like this - reward a company to set up shop and bring jobs to their nation.

America is the only country that does it ass-backwards, we give tax breaks to companies that flee our nation and sends jobs to other countries.



posted on Jul, 19 2012 @ 12:54 PM
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Originally posted by Blackmarketeer
reply to post by LoonyConservative
 



... and besides all we have to do to penalize outsourced companies to to tax their imports


Which will never happen thanks to Free Trade pacts. What you're hinting at here is creating trade barriers like tariffs to slow the rate of imports into the US, and level the trade imbalance between our country and countries like China. BUT the same forces that reward outsourcing have also removed or lowered tariffs, so those products that were once manufactured in the US, that are now being manufactured in outsourced facilities in China or Mexico, have little import duties or tariffs placed on them.

If AC Delco closes a brake pad-manufacturing plant in the US and reopens it in Mexico as AC Delco Mexico, and even pays some of it's more experienced shop personnel to fly to Mexico and train their own replacements, all so it could ship those brake pads back to America for less cost, then that is "outsourcing" in the classic sense. This is different than if, say, a Mexican taco shell makers wanted to export it's product to the USA. That is simply a foreign company trying to expand to America. Tariffs could target specific products that were the result of outsourcing, but companies know who to play the shell game and could easily hide how and who made what.

The only real solution is to end giving tax breaks to a company that is moving it's jobs offshore. If that is there goal, then they can pay for it themselves. They don't need to be rewarded with our tax dollars. I do like, however, giving a tax break to a company that is bringing jobs back to America. I would think that EVERY country would do something like this - reward a company to set up shop and bring jobs to their nation.

America is the only country that does it ass-backwards, we give tax breaks to companies that flee our nation and sends jobs to other countries.


This is partly because we've been using our trade policy and economic policy as a foreign policy weapon/shield.



posted on Jul, 19 2012 @ 12:54 PM
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Originally posted by OutKast Searcher

Originally posted by beezzer
reply to post by Blackmarketeer
 

Companies will come back to the US when the fascists are out of the White House.

When the class-warfare president is out of office, you'll see growth here.


So you are suggesting outsourcing is a recent development under Obama???

Wow beezzer...you have been sinking lower and lower with your delusions since the election season has started.

I guess Corporations are all psychic and could foresee Obama was going to be President decades ago and that is why they started outsourcing...right???


When we had unemployment @4%, it wasn't an issue.



posted on Jul, 19 2012 @ 12:56 PM
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Originally posted by OutKast Searcher
reply to post by beezzer
 



Beezzer's tax code is simple.

How much did you make?
Multiply by 12%.
Give that amount to the government.


Beezzer's tax code is a HUGE tax increase on middle and lower class, and it is a HUGE tax decrease for the rich and corporations.


Golly.

I thought EVERYONE had to pay their "fair share".



posted on Jul, 19 2012 @ 12:56 PM
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Originally posted by beezzer

Originally posted by OutKast Searcher

Originally posted by beezzer
reply to post by Blackmarketeer
 

Companies will come back to the US when the fascists are out of the White House.

When the class-warfare president is out of office, you'll see growth here.


So you are suggesting outsourcing is a recent development under Obama???

Wow beezzer...you have been sinking lower and lower with your delusions since the election season has started.

I guess Corporations are all psychic and could foresee Obama was going to be President decades ago and that is why they started outsourcing...right???


When we had unemployment @4%, it wasn't an issue.


Without outsourcing would it not have been 0%?



posted on Jul, 19 2012 @ 12:57 PM
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Ok Outkast here is the perspective I have has a business owner.

I own a tanning salon. Because of Obamacare and the Tan Tax within that bill, which is already in effect, I have to give the government 15% out of every Tan I'm paid for. Thats 15% of $30

Because of ObamaCare I will be forced to buy Healthcare to provide to my few employees otherwise I will be fined $1500

Because of the EPA and Obama's crusade for clean energy that is not even affordable yet, Utility prices are going up.. remember during the 2008 campaign how Obama said under his plan rates would necessarily skyrocket?

And because Obama is wanting the rich to pair their fare share ( those making over $250,000) I'm looking at even more tax increases. But the funny thing is that I'm not living the high life like warren buffet. most of my money goes back into the business, like payroll permits insurance property tax sales tax etc.



posted on Jul, 19 2012 @ 12:59 PM
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Originally posted by BritofTexas


Without outsourcing would it not have been 0%?


Good question.

I doubt it, though.



posted on Jul, 19 2012 @ 01:00 PM
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I actually can't help you on that. I have no idea what she meant, but I do agree with your interpretation of cretin. Please don't assume I've decided to fall on either side of the decision to vote it in or out. I'm actually asking a question to better understand if the bill was written properly.

In the case I presented I'm still not clear on whether that type of global company (but US in foundation) would be penalized on this bill. That's what I was trying to find out.

Now I'm wondering what the "cretin litmus test" would look like. lol


lol! I hear you. And I wasn't assuming you'd decided either way, just wondering if everyone knew what a "cretin company" was by some definition other than the obvious and I was in the dark. Wouldn't be the first time! :-)

Appreciate the reply!
peace,
AB
edit on 19-7-2012 by AboveBoard because: I messed up the "quote" function - had to fix it.. duh....



posted on Jul, 19 2012 @ 01:05 PM
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Originally posted by Cassius666
Job ousourcing is being enciuraged to create an economy abroad. Jobs go the other way too many German cars out of which some are shipped to Germany, are built in America because americans are happy with less than those socialists.




I think it's a good move on the political front by the Democrats. Credit for moving offshore? Is this tied to the overall financial sector fraud?



posted on Jul, 19 2012 @ 01:20 PM
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reply to post by beezzer
 



When we had unemployment @4%, it wasn't an issue


Because of outsourcing unemployment is @8%. It's time we stop rewarding outsourcing with tax breaks. The issue is a no-brainer. Except perhaps to the party of "no". They're too deep into the pockets of the billionaires reaping a financial windfall from outsourcing, and getting tax breaks to do it.



posted on Jul, 19 2012 @ 02:06 PM
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Originally posted by beezzer
My position has always been a flat tax, straight across the board.

It is just not financially conducive for corporations to come back to the states.

Corporations exist to make profit for it's shareholders. A corporation would lose money if it came back to the states right now. Ergo, why move back?


You're making the mistake of thinking it's fair to apply a flat tax across the board because if we take half of what one person has, then we should take half of what everyone else possesses too? Sounds logical, right?

Here's where this logic fails.




50% = 50%

$10 * 50% ≠ $10,000,000 * 50%

With $10 dollars I can buy lunch. With $5,000,000 I can operate a lucrative company.

A flat tax is completely insensitive to the fact that $5 dollars has significantly less purchasing power than say $5,000,000 dollars.

I'm sure you can extrapolate and see how this would affect a family living at poverty levels.
edit on 19-7-2012 by Xtraeme because: (no reason given)



posted on Jul, 19 2012 @ 02:39 PM
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reply to post by Xtraeme
 


Why not, instead of making an outrageous hyperbolic example designed to prove some a priori idea you have, we create a more realistic example that shows how beneficial a flat tax can be and STILL be fair to all taxed.

ASSUMING, that flat taxes only begin above the proverty level, 10% is still just...10%.

So, the dude with $5,000,000 pays $500,000
The dude who makes $200,000 pays $20,000
The dude who makes $100,000 pays $10,000
The dude who makes $50,000 pays $5,000

Instead of...

The dude who makes $200,000 paying about 30% ($60,000)
The dude who makes $50,000 not paying anything, or worse yet getting something back (especially if he's a green card working who probably didn't pay much in and lied on his tax return, claimed 13 nieces and nephews who don't even live in the country, and got $23,000 child credit back)
and The dude who makes $5,000,000 paying who the hell knows.

At the flat tax rate it would take 25 $200,000 earners, or 50 $100,000 earners to get the tax you're getting from the $5,000,000 earner. AND, it would take 8 $200,000 earners at the current 30% tax rate to get what you're gettin from the $5,000,000 earner at 10%.

BUT, everybody is clipped for the same REASONABLE rate and the majority of the taxes come off the top of society and pro rate down in absolute value as you go toward the lower income working class.

So, it is actually an extremely SOUND idea to employ....if you don't go all wonkers and try to take 1/2 of ANYBODY's stuff.



posted on Jul, 19 2012 @ 03:12 PM
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Originally posted by MsAphrodite
Sounds like it has the union agenda all over it. I'm not surprised that it was blocked.


Actually, what it sounds like is that you have no clue what you're talking about.


Since when do unions have anything to do with sending people abroad to work? This sounds about as pro-USA as can get. But unfortunately, the people are so brainwashed they'd support the corporations even if they were standing in line to the corporate gas chamber...


Ever heard the word "sheeple"?



posted on Jul, 19 2012 @ 04:08 PM
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reply to post by beezzer
 


It's only welfare when poor people that actually need it, get it. It's no big deal when corporations receive it according to you. You start going on about flat taxes while ignoring the core issue. Corporations are receiving tax breaks to outsource jobs, you should be deathly against it since you preach personal responsibility. I hate to break it to you but flat taxes are a fantasy concept, you can't just pretend outsourcing breaks do not exist because you don't like the current tax model. You want people to get off food stamps when a flat tax would do nothing but put more people on them. Either that or starve to death.

Of course you never make the connection that JPmorgan runs the food stamp program while controlling the Federal Reserve which is a direct conflict of interest. The more people on foodstamps the more JP profits and the Fed just keeps making the economy worse. But no, it's all Obama and poor peoples fault. It has nothing to do with Corporations receiving money to outsource as well.

Your economic model is that of a plantation.



posted on Jul, 19 2012 @ 05:01 PM
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A lot of jobs that are outsourced aren't union jobs, such as call centers, telemarketing, technology jobs, even most manufacturing jobs aren't union. Since returning jobs to the US benefits all concerned, union and non-union alike, it's hard to understand the right-wing attacks against this act.
edit on 19-7-2012 by Blackmarketeer because: (no reason given)



posted on Jul, 19 2012 @ 05:12 PM
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reply to post by Blackmarketeer
 


One more stupid bill. Think about it. Our tax rate is 35% for business here. We have the highest corporate tax rate by far. Singapore which attracts a ton of businesses is 17%. So, not only do we have to compete against dirt cheap slave wages in other countries, but to set up shop here you're taxed much higher unless you play ball with the government boggies and hire a passel of lobbyists to build you a break. Lower the corporate tax rate to 20%, get rid of every special deal for big business and BOOM watch out because then you would see wild economic growth. Businesses would be clawing over each other to come back here. The richest will never pay the highest tax rates because they can afford to buy the politicians special riders in all these slick bills they come up with.



posted on Jul, 19 2012 @ 05:18 PM
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If this doesnt show where they stand nothing will. The far right republican party is anti labor, anti environment anti education, and anti middle class. They want two classes in this country, the ruling class and the serfs. WAKE UP PEOPLE!. They always embrace everything that benefits the rich and big business, and reject ANYTHING that helps the common average American.
edit on 19-7-2012 by openminded2011 because: (no reason given)



posted on Jul, 19 2012 @ 05:41 PM
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reply to post by Blackmarketeer
 


The Republicans are evil. They will do everything in their power to prevent Obama second term, including trashing the economy and destroying the country. They have turned into radical extremists and if people were truly aware of the things they are doing, the republican party would cease to exist after the next election.






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