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Originally posted by newcovenant
Clinton handed Bush a 3 trillion dollar surplus which he quickly burned through waging 2 wars, offering a tax cut to the rich and a prescription drug benefits program for seniors that helped big pharma sell drugs to old folks that didn't really want them.
The original Child Tax Credit was only refundable for families with three or more qualifying children. Families with one or two children could use the credit to lower their taxes, but would not get a refund check if their credit was greater than their tax liability. In 2001, the law was changed to allow smaller families to get a limited refund of the Child Tax Credit.
Anyway as you nicely pointed out by re-copying my post the numbers don't lie and Democrats are far and away better for the country no matter how much kicking screaming and lying the Republicans do.
I'm going to kindly disagree with you...
Democrats are far and away better for the country
Originally posted by Hefficide
reply to post by burdman30ott6
"Paying for the little guy", as you put it, strikes me. I don't know how to define "the little guy".
The argument of people dying in the streets is cute, considering that simply does not happen. Instead, we've got a system where have not can walk into a hospital, recieve care, then pass the cost of that care off to all the haves via elevated hospital rates.
In the name of God, Amen. We, whose names are underwritten, the loyal subjects of our dread Sovereign Lord King James, by the Grace of God, of Great Britain, France, and Ireland, King, defender of the Faith, etc.
Having undertaken, for the Glory of God, and advancements of the Christian faith and honor of our King and Country, a voyage to plant the first colony in the Northern parts of Virginia, do by these presents, solemnly and mutually, in the presence of God, and one another, covenant and combine ourselves together into a civil body politic; for our better ordering, and preservation and furtherance of the ends aforesaid; and by virtue hereof to enact, constitute, and frame, such just and equal laws, ordinances, acts, constitutions, and offices, from time to time, as shall be thought most meet and convenient for the general good of the colony; unto which we promise all due submission and obedience.
In witness whereof we have hereunto subscribed our names at Cape Cod the 11th of November, in the year of the reign of our Sovereign Lord King James, of England, France, and Ireland, the eighteenth, and of Scotland the fifty-fourth, 1620
That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.
despotism
Definition
des·pot·ism[ déspə tìzzəm ]
NOUN
1. rule by despot: rule by a despot or tyrant
2. abuse of power: cruel and arbitrary use of power
Thesaurus
NOUN
Synonyms: tyranny, dictatorship, absolutism, autocracy, authoritarianism, repression
NOUN
Antonyms: democracy
democracy
Definition
de·moc·ra·cy[ di mókrəssee ]
de·moc·ra·cies Plural
NOUN
1. free and equal representation of people: the free and equal right of every person to participate in a system of government, often practiced by electing representatives of the people by the majority of the people
2. democratic nation: a country with a government that has been elected freely and equally by all its citizens
3. democratic system of government: a system of government based on the principle of majority decision-making
4. control of organization by members: the control of an organization by its members, who have a free and equal right to participate in decision-making processes
[ Late 16th century. Directly or via French < medieval Latin democratia < Greek dēmokratia "rule of the people" < dēmos "people" + kratos "rule" ]
Thesaurus
NOUN
Synonyms: social equality, equality, egalitarianism, classlessness, consensus, fairness
Synonyms: democratic system, democratic state, democratic organization, representative form of government, republic, parliamentary government
NOUN
Antonyms: inequality, dictatorship
Originally posted by HostileApostle
reply to post by xuenchen
Yes, you can thank the Republicans.
They are holding American's tax breaks hostage to protect their rich friends.
Nice attempt at spin though.
Please stop with the far left talking points and actually type something from your own head for once.
Originally posted by xuenchen
Originally posted by HostileApostle
reply to post by xuenchen
Yes, you can thank the Republicans.
They are holding American's tax breaks hostage to protect their rich friends.
Nice attempt at spin though.
How so exactly ?
Details and sources are welcome at this point.
You don't see taxes as both fixed and variable costs in, say, a manufacturing plant? And you don't think costs play a role in setting the price and determining profit? Profit is, roughly, what you have left after you take costs away from revenue. Costs are crucial in determining profits, and heavily influence prices.
Taxes play no role in the price of goods or services.
But if they change the tax rate, that changes the cost. If the cost increases but the sales price remains the same, profit goes down. It can go down to a negative number, in which case, they eventually close down. Say the costs, including taxes are 90% of revenue and they make 10% on every piece sold. What happens if taxes go from 1% to 50%? They lose half their profit. Of course, it does depend on where the tax is levied. If it's based on sales (as in gasoline or cigarettes), you can be knocked into a loss, if it's based on profit, you can be knocked to a smaller, but not negative profit.
If Company A can sell widget X for $5 because that maximizes their profit, it doesn't matter if they are taxed at 1% or 50%, their maximizing profit is still at $5.
But taxes aren't applied to one company, they're applied to all. If the gas tax goes from 40 cents a gallon to $1.40 a gallon, evrybody has to pay more, they all raise their prices by a dollar, and the consumer has no reason to try to find another gas station.
If they use your logic and increase their price to $8 because they say they are now taxed more, then their sales are going to drop because the consumer doesn't care about how much they are taxed at.
Only if the market price remains at $5. If everybody else increases to $8 dollars, there will probably be an industry-wide reduction in sales, but Comapny A would keep the same market share.
All they care about is if they are willing to pay $8 for widget X. If consumers are willing to pay $8 per widget, then Company A would already be charging $8 to maximize their profits. Since they weren't and instead charging $5, then raising their prices means that they are going to sell less widgets.
You have to take them into consideration. You consider making and selling a plywood airplane, then, when you figure in tax, you see that your net ROI will be 1%, and at that, there's a risk of failure. You see that you're better off putting your money in CDs than this new product. No ethical accountant would neglect giving you an ROI analysis for every major decision.
Taxes only come into play after you have maximized your profits, you don't take them into consideration before hand.
Gasoline is a special case because it doesn't operate under supply/demand, it hasn't for a long time.