Skip to comments.Expiring Tax Zots: Big Business
Posted on 11/10/2010 3:20:26 PM PST by joethevoter
Recent unsettling revelations would indicate that, more and more, the US Chamber of Commerce is working for foreign nationals and corporations. Big business has been sending American jobs to other nations for a long time. Our current Congress has tried several measures to stop the bleeding and to bring some of those jobs back to Americans.
(Excerpt) Read more at joethevoter.org ...
He's dead Jim.
And thank you for your service. Thanks for keeping FreeRepublic free. Your dedication to America is noted and appreciated.
I like your tagline. I lost mine when the re hired Keif. I hope this afternoon finds you well Face!
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(OK. We're desperate. Could you just let us keep this corpse warm until January? We'll return it...eventually. But not necessarily in the same condition we received it... The Flying Castle has its needs, you know...)
Taglines come and go. Mine is subject to change without notice!
I’m OK, CO. Didn’t get above 59 today. I’m still cold, and going to bed in the next hour or so...electric mattress pad!!
Would you mind posting the link to the undead thread? Some of us have the memory of a labrador. TIA.
Rest well! and warm!
“those huge deficit busting cuts again”
Under those tax cuts the Federal revenue, in dollar terms and as a % of total income tax revenue and as a % of GDP, in the highest tax brackets rose.
In shear economic terms, they did not produce a rise in the deficit.
The problem was not on the revenue side. The problem was that even though revenue increased, spending increased by an even greater degree.
Shove it up your .... Well you are all Azz so there probably isn’t a logical starting point.
Devil Worshipin’, Satanic Inspired, Communist!
Maybe joe can tell us what the gubmint means by “middle class”. I read, analyze and listen to what the MSM, gubmint and academics say, and all I can make out is the middle class is those who make less than $30,000 so those people make no tax payment at all if they are a family of four.
“Those extra cuts are ONLY for those making more than a quarter million a year.”
One of the largest groups of individuals in that category are single-owner small business people who, in site of being a business have business income low enough that they can file their income as an “individual”.
That amount, the income, may be $250,000 or even more, but it is not their “wages”, it is the revenue from the business, often out of which they have not only paid general costs but even employees as well.
They, as a group, are one of the biggest beneficiaries of those cuts, and while the big corporations have the largest level of ongoing, year-to-year employees, it is small businesses that generate the largest level of new hires.
You are so stupid you have created your own black hole. Not even light can escape your stupidity.
I just got here and the party is over?
(hangs head, shuffles feet)
“These cuts were designed by the Republicans to expire to avoid blowing a hole in our deficit of about $700 billion dollars. It was THEIR IDEA that they should and MUST expire in 2010 because they knew we could not afford them.”
How wrong you are. Congressional politics, deal making, bartering and “bi-partisan” appeals that RINOS accepted from the Dims, left the expiration of the cuts in, for political reasons and political reasons alone.