The Right Scoop- http://pulse.yahoo.com/_Y4PMMR6HIRY7OIPQ2UJBVBM6LI Steven Kerr
Michele Bachmann (R) for VICE PRESIDENT 2012 !
2012 (R) PRESIDENTIAL CANDIDATE ?
- Extremely Right
Ted Nugent.
- Tyler
Jerry Doyle made the best point on the 2012 hype last night. Let’s worry about that when it comes that time.
- Greta N
Mike Pence. Jim DeMint.
- Anonymous
LOL!!! RS, I just noticed the Santa Hat on the logo, cute!!! Thanks for the giggle.
- Diamondback
Corporations do not pay any taxes. They simply add the cost of all the import, excise and other government extortions to the final cost of the product which is, as always, paid, along with sales tax of course, by us “lucky” citizens of the good old U.S.A.
What REALLY needs to be done to get business to return to America is to get the single largest expense they have down to competitive levels – labor costs. Our “labor” costs are not only the wages of the workers but also the added costs of government regulation and interference – ssi, workmen’s comp, mandates, etc. etc.
Unions really aren’t necessary in this day and age and are really an anchor around the neck of american consumers and tax payers. Unions were valuable in their day but they’ve now become injurious to the people in more ways than one.
Don’t get yer shorts in a twist, it’s just my opinion and I’m just a dum, dum, dummie.
- Tyler
I’m right there with you…and I am not sure if this is what you mean, but if by mandates you man minimum wage…I’m WITH YOU. Minimum wage should disappear as well. Businesses are more than glad to raise wages for employees who work hard, but sometimes they can’t afford to pay such a high minimum just to see someone prove themselves.
I liked the way that Stossel’s recent special Top 10 Promises Gone Wrong addressed it.
- Stephen
Cut yourself some slack, dude – You ain’t nearly as dum dum dummie as the egghead idiots in WashingToon!
RE “Corporations do not pay any taxes. They simply add the cost….to the final cost of the product”
True as far as it goes, but there is another economic reality called “Price resistance.” When the cost of goods and services reaches a certain point – the demand for them drops through the floor. A good example is businesses are leaving CA literally by the hundreds every month because the state has driven their costs beyond what consumers will pay.
Agree with you 100% on labor costs and unions – but I’d say not only are unions unnessary – they are destructive. It is mind boggling the power unions wield in Hopey/Changey Land – in spite of the fact that only 12% of American workers belong to unions.
- Diamondback
Oh yea, Scoop, wasn’t that supposed to be “hole in SSI” vs “hold …”?
- http://www.therightscoop.com/ therightscoop
yeah I fixed it. I have a chronic ‘spelling error’ problem. Ugh.
- http://pulse.yahoo.com/_UJLLKPIA6RZIUJL3LKR3WUBD3Y Humphrey Ploughjogger
The Japanese are cutting their corporate tax but it will still be higher then Germany’s and South Korea’s. The unemployment rate in Japan is 5.1%,if only we were that lucky.
And business leaders are saying this is not enough to get the economy going again.
“If (the cut) is in form only, I’d rather they wouldn’t do it,” said Tadashi Yanai, president of Fast Retailing Co., operator of the Uniqlo casual clothes chain.”
Japanese economists say their economy will contract in this quarter once government subsidies end. These breaks won’t even go into place until April and won’t make an economic effect for at least ten years. And to help offset this tax break for corporations the government will raise the consumption tax, since this will cause a shortfall in government revenues. They will also place a carbon emission tax in place which will directly effect the oil and coal industry.
So basically the Japanese are shifting the tax burden around and most of that burden will now fall on the common Japanese.
“Japanese corporate tax rates are well above the global average, so I welcome the reduction,” said Osamu Masuko, president of Mitsubishi Motors.
“However, lower corporate taxes are not enough by themselves. The government also needs to take action on the strong yen and to make the labour market more flexible,” Mr Masuko said.”
The head of Mitsubishi seems to only partly agree with Bachmann. But once again we see a currency that is to strong interfering with economic and job growth. It’s way the Fed last month was trying to weaken the dollar.
Tax cuts for the wealthy are not an end all be all to our problems. It seems though as long politicians are beholden to big business this will be the only solution we are given.
http://mdn.mainichi.jp/mdnnews/business/news/20101217p2g00m0bu073000c.html
http://www.asahi.com/english/TKY201012170323.html
http://www.nytimes.com/2010/12/14/business/global/14yen.html?_r=1
“The true friend of property, the true conservative, is he who insists that property shall be the servant and not the master of the commonwealth; who insists that the creature of man’s making shall be the servant and not the master of the man who made it. The citizens of the United States must effectively control the mighty commercial forces which they have called into being.”
Theodore Roosevelt
- Paulchri
I don’t believe jobs are coming back. There really isn’t anything that can be done to recover financially and pay off the debt. If they do the things necessary for that to happen, we will just be in a collapse faster. Many politicians have been warning us about hard times “no matter what”. The more we bail out and extend unemployment, the worse it will be in the end. There is no political will to do what it will take to recover, and we have a government who, by and large, are going to maintain status quo until we have a currency that is worthless, and hyper inflation. When that happens, we are screwed royally. We haven’t seen anything yet, as far as unemployment goes.
These discussions about who should get tax breaks or increases are pointless, so far as a recovery is concerned. No tweaking the tax code will do anything to stave off the collapse. I’d like to see people primarily talking about the collapse, and how we will survive it. That way there could eventually be a national discussion about it. Otherwise it will just be one big “surprise”, and very few will be ready for it. That appears to be what our government and media want.
- Paulchri
I don’t believe jobs are coming back. There really isn’t anything that can be done to recover financially and pay off the debt. If they do the things necessary for that to happen, we will just be in a collapse faster. Many politicians have been warning us about hard times “no matter what”. The more we bail out and extend unemployment, the worse it will be in the end. There is no political will to do what it will take to recover, and we have a government who, by and large, are going to maintain status quo until we have a currency that is worthless, and hyper inflation. When that happens, we are screwed royally. We haven’t seen anything yet, as far as unemployment goes.
These discussions about who should get tax breaks or increases are pointless, so far as a recovery is concerned. No tweaking the tax code will do anything to stave off the collapse. I’d like to see people primarily talking about the collapse, and how we will survive it. That way there could eventually be a national discussion about it. Otherwise it will just be one big “surprise”, and very few will be ready for it. That appears to be what our government and media want.
- Paulchri
I don’t believe jobs are coming back. There really isn’t anything that can be done to recover financially and pay off the debt. If they do the things necessary for that to happen, we will just be in a collapse faster. Many politicians have been warning us about hard times “no matter what”. The more we bail out and extend unemployment, the worse it will be in the end. There is no political will to do what it will take to recover, and we have a government who, by and large, are going to maintain status quo until we have a currency that is worthless, and hyper inflation. When that happens, we are screwed royally. We haven’t seen anything yet, as far as unemployment goes.
These discussions about who should get tax breaks or increases are pointless, so far as a recovery is concerned. No tweaking the tax code will do anything to stave off the collapse. I’d like to see people primarily talking about the collapse, and how we will survive it. That way there could eventually be a national discussion about it. Otherwise it will just be one big “surprise”, and very few will be ready for it. That appears to be what our government and media want.
- Anonymous
scoop, it’s not that they aren’t thinking logically about the corporate tax, they’re doing this on purpose. They think Americans are stupid and have the attention span of a goldfish. They don’t expect US to know a high corporate tax rate drives away business. That’s the most insulting part of all this. They could care less about growing the economy or getting people back to work. They care about you depending on them, that’s it.
- Anonymous
Real men and liberated ladies love & respect Michele Bachmann.
- Paulchri
If I didn’t like her in general, I might be questioning my manhood. LOL.
- Louis
I disagree with Michele on this one. They should make the 2% cut to SSI permanent and let me save for my own retirement. Then when SSI goes bankrupt at least I’ll have that 2% to retire on instead of nothing.
Does Michele really think the money that goes to SSI isn’t being immediately spent by Congress? There is no lock box, only IOUs. Why would she want government to spend the money instead of letting us provide for our own future?
If Michele thinks the government can spend our money better than we can, she is no conservative. Conservatives have wanted to privatize SSI (or at least a portion of it) for years. Now we have a chance to do just that with our 2% even if it is only for one year. Conservatives should be thanking Obama for doing what Bush tried and failed to do — allowing us to invest a portion of our SSI taxes in our own private retirement accounts.
Bachmann made clear that she wasn’t happy with the tax deal, including the employee SSI tax cut, and says we could see a tax increase around the corner to offset what she sees a huge problem for Social Security Insurance.
She also makes a point that now that Japan has lowered their corporate tax rate by 5%, we have the highest corporate tax rate in the world. This bothers me because it makes the cost of doing business more expensive, and if we as a country want to be competitive in the world, one of the things we must do is lower the Corporate tax rate. The Democrats always whine and cry about business that are moving overseas, yet they hypocritically play these class warfare games, penalizing both the rich and corporate American for being very successful and in the end it kills American jobs. It amazes me that any logical person can’t see this.
And yes, I wish that Bush had lowered this too.
Enjoy!
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