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Biden: "We Want To Create A Global Minimum Tax" (video)
RealClearPolitics ^ | March 30, 2012 | RealClearPolitics

Posted on 03/30/2012 9:13:25 AM PDT by i88schwartz

"For years, American manufacturers have faced one of the highest tax rates in the world. We want to reduce that by over 20%. We want to drop the rate, particularly, for high-tech manufacturers like you, Mr. President, even further than the 20%," Vice President Joe Biden said at a manufacturing plant in Davenport, Iowa this week.

"We want to create a global minimum tax, because American taxpayers shouldn't be providing a larger subsidy for investing abroad than investing at home," Biden said at a campaign event.

(Excerpt) Read more at realclearpolitics.com ...


TOPICS: News/Current Events; Politics/Elections
KEYWORDS: biden; globalism; globalminimumtax; joebiden; taxes

1 posted on 03/30/2012 9:13:32 AM PDT by i88schwartz
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To: i88schwartz
Translation: We want to create a world wide tax starting with a nice teaser rate.
Then the world will belong to us and we can tax companies wherever they are.

2 posted on 03/30/2012 9:21:11 AM PDT by BitWielder1 (Corporate Profits are better than Government Waste)
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To: i88schwartz

Quick. Someone crate a website where we can vent our frustrations by slappying the glue out of Joe and Obozo. Hillary had a great one. I practically wore it out.


3 posted on 03/30/2012 9:29:49 AM PDT by IbJensen (We now have a government requiring citizens prove they are insured but not that they are citizens.)
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To: i88schwartz
If I hear this lie one more time, I think blood is going to shoot out of my eyes.

Once again: when government allows any person or any company keep a greater percentage of what they have already earned it is not a "subsidy", and it does not have to be "paid for" by ANYONE, you plug-headed socialist moron! IT IS NOT YOUR FREAKIN' MONEY.

Instead, why don't we have a global minimum tax on thieving politicians?

4 posted on 03/30/2012 9:34:52 AM PDT by andy58-in-nh (America does not need to be organized: it needs to be liberated.)
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To: i88schwartz

One heart beat away from the Presidency. Staggering.


5 posted on 03/30/2012 9:37:03 AM PDT by DManA
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To: DManA
One heart beat away from the Presidency. Staggering.

The staggering thing is that he would be an upgrade.
6 posted on 03/30/2012 9:46:35 AM PDT by Dr. Sivana (May Mitt Romney be the Paul Tsongas of 2012.)
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To: i88schwartz

Biden is a very confused man. And, by the applause, it seems that many Americans are very confused as well.

First, it is insane to characterize the imposition of any tax, even a 1% tax, as “providing a larger subsidy for investing abroad than investing at home”. Taxes are forced exactions from private interests by governments. Subsidies are government grants of money or other resources to private interests.

Second, his idea of “creat[ing] global minimum tax” is pure demagoguery. White House National Economic Council direct Gene Sperling first mentioned “global minimum tax” last month, but has not elaborated much on what it means. Does it reflect an extension of the Obama Administration’s imperial hubris, or merely a massive tax hike on American companies that do business abroad? Either way, it’s stupid appeal to the economically ignorant.

Third, the whole idea of taxing “manufacturing” earnings at a rate 20% than other earnings and taxing “high-tech manufacturing” at a rate 20% below that is utter incompatible with the idea of equality before the law. I know that this is really an archaic idea, but some folks still think it has merit.


7 posted on 03/30/2012 9:53:54 AM PDT by Skepolitic
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To: i88schwartz

The president is a high tech manufacturer? Of lost golf balls?


8 posted on 03/30/2012 9:53:55 AM PDT by Hardraade (http://junipersec.wordpress.com (nobody gives me warheads anyway))
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To: i88schwartz
At least the souls in Hell really, REALLY want ice water, unlike this want of yours, plugs.
9 posted on 03/30/2012 9:59:51 AM PDT by knarf (I say things that are true ... I have no proof ... but they're true)
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To: DManA

And they were worried about Sarah Palin.


10 posted on 03/30/2012 10:05:38 AM PDT by markoman (The man with the rubber glove was....surprisingly gentle.)
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To: DManA

“One heart beat away from the Presidency. Staggering.”

And yet, he wouldn’t have dared say this unless it was “blessed”.


11 posted on 03/30/2012 10:13:49 AM PDT by WKUHilltopper (And yet...we continue to tolerate this crap...)
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To: i88schwartz

Go Ahead Joe we can’t be concerned right now with your Tax Issue. We must hash out this Trayvon Martin thing first. [/sarc]


12 posted on 03/30/2012 10:17:29 AM PDT by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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To: i88schwartz

They don’t want people and companies to be able to vote with their feet - no place to run.


13 posted on 03/30/2012 10:27:54 AM PDT by Little Ray (FOR the best Conservative in the Primary; AGAINST Obama in the General.)
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To: i88schwartz

As the saying goes; ‘you can’t make this s**t up’!


14 posted on 03/30/2012 10:43:33 AM PDT by arrdon (Never underestimate the stupidity of the American voter.)
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To: i88schwartz

How the hell do they plan on enforcing this without a “One World Government”.... Oh the UN....

Good luck squeezing tax monies out of Cuba and North Korea....


15 posted on 03/30/2012 12:16:19 PM PDT by GraceG
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To: i88schwartz
Hey Biden, anything else “global” ya want? How about a one-world ruler call the Antichrist who divides Israel for (so-called) “peace”?

Is there anything Biden does or says that is not unintentionally funny, idiotic or just plain ignorant?

(no need to answer those rhetorical questions)

16 posted on 03/30/2012 1:21:43 PM PDT by F15Eagle (1 John 5:4-5, 4:15, 5:13; John 3:17-18, 6:69, 11:25, 14:6, 20:31; Rom10:8-11; 1 Tim 2:5; Titus 3:4-5)
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To: Dr. Sivana

yep


17 posted on 03/30/2012 1:23:37 PM PDT by F15Eagle (1 John 5:4-5, 4:15, 5:13; John 3:17-18, 6:69, 11:25, 14:6, 20:31; Rom10:8-11; 1 Tim 2:5; Titus 3:4-5)
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To: F15Eagle

typo - s/b “called”


18 posted on 03/30/2012 1:24:49 PM PDT by F15Eagle (1 John 5:4-5, 4:15, 5:13; John 3:17-18, 6:69, 11:25, 14:6, 20:31; Rom10:8-11; 1 Tim 2:5; Titus 3:4-5)
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To: i88schwartz; All; TigerLikesRooster; landsbaum; Signalman; NormsRevenge; steelyourfaith; ...
That was the rational for the Global Warming hoax....get the carbon tax going and it would be wonderful for Global Organizations....Give Politicans a chance at an even Higher Office....

In Australia the leftists politician's got the carbon Tax implemented ....but the voters are throwing them out....

See this FR thread:

There go those gravy trains in Queensland & Victoria ( Carbon Tax Rejected)

19 posted on 03/30/2012 1:55:58 PM PDT by Ernest_at_the_Beach (The Global Warming HOAX is about Global Governance)
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To: Ernest_at_the_Beach

Global communism never sleeps. But sometimes it slips.


20 posted on 03/30/2012 1:58:21 PM PDT by TigersEye (Life is about choices. Your choices. Make good ones.)
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To: Dr. Sivana
The staggering thing is that he would be an upgrade.

Yes, in the sense that a broken watch is better than a working watch when it's the timer for a bomb.

21 posted on 03/30/2012 2:01:14 PM PDT by TigersEye (Life is about choices. Your choices. Make good ones.)
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To: Ernest_at_the_Beach

Things are not going well in America.... :{


22 posted on 03/30/2012 2:55:03 PM PDT by Marine_Uncle
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To: i88schwartz

We already have a global minimum tax on money brought home from overseas: 35%, same as money made here. Of course, with deductions and exemptions, it probably comes to considerably less.


23 posted on 03/30/2012 2:55:03 PM PDT by Tolerance Sucks Rocks (Occupy DC General Assembly: We are Marxist tools. WE ARE MARXIST TOOLS!)
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To: i88schwartz
hey, joe...

24 posted on 03/30/2012 2:57:34 PM PDT by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: i88schwartz

America is being betrayed to her death, and there is nothing anyone can do to stop it.


25 posted on 03/30/2012 7:13:06 PM PDT by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both)
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