News-Record.com

Seems I recall Obama saying if we get the simulis Caterpillar will not lay off workers!
Now we have the simulus, Caterpillar is laying off workers.
Are you foolish enough to think 5% of high earners* can pay the bills for everyone.
You can take ever dime they earn and we will still be up crap creek.
Higher corporate taxes are passed on to you and me.
Much like the new sugar tax, you are going to pay for it.
Can you recall just this week, I said sugar would be the next tobacco!
Coming quicker than I thought.
I agree that some folks pay is over the top.
* I have read that in NYC, there are 8 million people, only 50, 000 pay taxes. Seems taxing the hell out if them is not working, they are broke!

"If most other nations can compete internationally when they all have higher effective corporate taxes than the U.S. does ... "

I don't think many other nations have higher effective corporate taxes than the U.S., and am also not confident the salary disparity figures in the LTE are accurate.

==

" ... corporate tax havens ... " Now that we have.

" ... higher tax burdens on the middle class ... " That we have too.

" ... not taxing foreign profits until they’re brought back here .. " Bingo. So they keep the profits off shore, and higher tax burdens are placed on the middle class. But we'll call it Crack Head Welfare Moms ... more palatable to the doggies of the world.

Speaking of Doggies ..

So Biting Dog .. you are OK with g-men taking ever dime of the other 95%?

"Higher corporate taxes are passed on to you and me" ... Only when corporate taxes are actually paid and there are enough loop holes to assure the rest of us foot the bill. Do some homework please.

"Much like the new sugar tax ... " I don't know much about this one (I need to do some homework too), but the ADM / Sugar Tax / HFCS Tax Scam is infamous. Do some homework please.

The 8 million people in NYC pay all kinds of taxes - including Sales & Payroll Taxes, so the "only 50, 000 pay taxes" is clearly squewd data. Do some homework please.

jdr; "skewed" data. And Gary, you're just dreaming. Corporations don't pay taxes, their customers do. Corporations don't pay taxes, their customers do. Corporations don't pay taxes, their customers do. Got that? If a corporation wants to stay in business, it must, in order to maintain profits, pass along costs of doing business to those who buy its goods or services. And those expenses include taxes. Ireleand has one of the lowest corporate tax rates, and their economy is booming, compared to most of the rest of the world. If Obama wants to stimulate our economy and bring new jobs here, the thing to do is to cut or eliminate corporate taxes, not find new ways to collect them. But I don't think that's what he has in mind. His actions to date make me believe that he wants to do everything he can to increase the power of government, and to make as many as possible dependent on government for all or part of their livelihood. He's making wonderful progress on that front so far. If he continues at this rate, the country will never recover from his actions.

There is the possibility, given his total lack of experience in the real world, that he just doesn't have a clue. But I think he knows exactly what he is doing. Or rather those in real power, for whom he is just a puppet, know what they're doing.

God save U.S. from the Obamanable Snowjob.

Another ignorant Obama robot speaks. We have the SECOND highest corporate tax rate in the industrialized world, slightly behind Japan. And how has Japan's economy been faring over the past 10-15 years!

Mr. Parker has succombed to the Hiler-like attack on corporations, and wealthy individuals, as he expouses how well he's learned O'Bummer's class warfare lesson. Mr. Parker obviously doesn't understand that our economy is not a "zero sum" game where if someone becomes wealthy, someone else has to lose something.

Tell me Mr. Parker how much have you lost so that Microsolft could be a successful, profitable corporation! This man is a "tribute" to our system of failed, monopolistic, government schools who now are into indoctrinating rather than instructing!

tonymo; exactly right, we have the second-highest corporate tax rate in the world. And the same people who want to sock it to the evil corporations via the IRS are the same fools running on and on and on about "sending our jobs overseas". Most American businesses would rather work where they live, but only if it is profitable to do so.

I don't believe that Obama really wants to fix the economy, he wants to expand government, and is in fact in the process of doing so, having added several thousands of new government jobs. With all the belt-tightening that is going on, looks to me that government could stand to take up a notch, but instead they threw the belt away and bought bigger pants. The stupid SOB's in D.C. are glad to tell you to tighten up and be financially responsible, but apparently have never heard of leading by example.

It is in the interest of Democrats to have people in need of a government handout, that is one of their main constituencies, maybe the biggest. The Democrats don't have much use for those who can make it on their own, which is why they punish achievement with the tax code. And why they keep pushing for the evil rich to pay even more. They need that money to buy votes from the parasites of the country, fellow Democrats all.

An interesting story about the '04 election: Republicans carried 95% of the districts with more married folks than unmarried, the Democrats carried 100% of the rest. The "War on Poverty", which destroyed the black family by replacing Dad with Uncle Sam, is in full swing, and the natural consequences of that program, higher illegitimacy and crime rates , for example, are on full display for anyone who will just look around. Leftist policies have worked so well with the parasites of New Orleans (who have suffered, for decades, all the "social programs" the Dems have to offer, as well as with the good folks of any "inner city", which are more like war zones than civilization, that Obama wants to try them on the rest of the country. We're gonna get some change, all right.

jdr; "skewed" data.

dusty: “Ireland” .. as is “Ireleand (sic) has one of the lowest corporate tax rates, and their economy is booming .. ”

.. regardless – you’re wrong, or at least out of date:

“Ireland is having a deeper recession than any other euro area country. The economy probably shrank by 2.5% in 2008 and may contract by another 6.5% this year. Unemployment has jumped from 5% to 10.4%, a faster rise even than in America …

“Ireland’s expansion went through two phases. The first, led by exports and powered by foreign direct investment, ended roughly in 2002. Foreign companies, mainly American, provided bags of capital and know-how. Ireland offered in return a young, educated, English-speaking, low-cost workforce. State grants, a low corporate-tax rate and access to the EU’s single market made things sweeter … That gave way to a period of growth on weaker foundations. Low interest rates, a consequence of euro membership, lit a fire under property prices and spurred a building and retailing boom.

“When the bubble burst, it left a legacy beyond the pile of unsold houses and bad debts. The housing boom had chipped away one pillar of Ireland’s appeal: its low costs. Inflation had picked up and unit labour costs (ie, pay adjusted for productivity) rose sharply relative to Ireland’s main trading partners. A recent study by the European Central Bank found that Irish unit labour costs had risen by a third between 1999 and 2007, the biggest jump in the euro area. A healthy current-account surplus in the mid-1990s had turned into a big deficit a decade later, a sign that Ireland had become too pricey.”

http://www.economist.com/displaystory.cfm?story_id=13331143

Now maybe The Economist paints too negative a picture .. let’s see:

“Ireland was stripped of its top AAA credit ranking and downgraded to AA+ by Standard & Poor’s (S&P) yesterday while being warned that it could drop further … S&P said the Irish Government had underestimated the scale of its fiscal problems and the .. downgrade reflects our view that the deterioration of Ireland’s public finances is likely to require a number of years of sustained effort to repair ..

http://business.timesonline.co.uk/tol/business/economics/article6005518.ece

Irish economy shrinks at record rate of 7.5%

http://business.timesonline.co.uk/tol/business/economics/article5981769.ece

Damm facts, huh Dusty?

All that said, I generally agree that “Corporations don't pay taxes, their customers do” ..

HOWEVER .. it is important to note that while it is true “If a corporation wants to stay in business, it must, in order to maintain profits, pass along costs … “ … it is TOTALLY UNTRUE that those costs are Always passed along to those who buy its goods or services. In fact there are countless examples of those costs being passed along to the general tax payers and one need look no further than to consider GM or GE or Golly Gee Just About all the Big (and many of the little) boys that take advantage of the tax laws that are written in complex language with overt incentives and covert loop-holes.

Frankly, Mr. Sawdust – and honorable mention to the dishonorable Tony Baloney .. if you REALLY think the way to “stimulate our economy and bring new jobs here .. is to cut or eliminate corporate taxes .. “ then you have not dug into the topic. At one time – perhaps a hundred years ago, this was true – but it hasn’t been true, certainly since the end of WWI – it has getting seriously worse in the past thirty years and the rate of abuse is accelerating.

This is NOT a plug for Tariffs, nor defense of finding “new ways to collect them” .. But you are being naïve brother. VERY naïve.

America may have the second-highest corporate tax rate in the world ... but that's not the real problem ... see above.

.. and you are again naïve ... VERY naïve . in saying "Most American businesses would rather work where they live ... "

Most American's .. yes .. but if they can make a living while other's have their jobs shipped overseas, then .. well that's what it takes to remain "profitable"

==

" ... stupid SOB's in D.C. .." absolutely. Do America a favor and don't become a member of that club .. which so far you seem destined for .. as an example the war on Poverty ended inabout 1971.

No reply?

Typical.

"Mr. Parker has succombed (sic) to the Hiler-like attack on corporations, and wealthy individuals, as he expouses how well he's learned O'Bummer's class warfare lesson."

1. Who is Hiler?
2. The current class war, the one being waged against the middle class, was launched in 1981 by Ronnie Raygun.