House Speaker John Boehner Adds His Jobs Pitch to Obama’s and Everyone Else’s
EmailHouse Speaker John Boehner, R-Ohio, added his two cents to the pot of job creation plans today when he called for a total reform of the tax code, fewer federal regulations and an expansion of infrastructure projects and domestic energy production.
Boehner’s proposals almost directly mirror the agenda put forth in early September by House Majority Leader Eric Cantor, R-Va., and even include a few similarities with President Obama’s American Jobs Act.
But while the president’s plan focuses partially on the employee side of the equation, with payroll tax breaks and extended unemployment insurance, Boehner’s plan targets the employer side by lowering the corporate tax rate and rolling back environmental and labor regulations.
“My worry is that for American job creators, all the uncertainty is turning to fear that this toxic environment for job creation is a permanent state,” Boehner said Thursday in a speech to the Economic Club of D.C. ”Job creators in America are essentially on strike.”
One way Boehner proposed to inspire those jobs creators to hire more workers was to decrease the corporate tax rate and simplify the tax code so companies have more money to invest.
Boehner called on the debt super committee, which is tasked with finding $1.5 trillion in spending cuts before Nov. 23, to get the ball rolling on a complete overhaul of the tax system that includes closing loopholes and lowering rates for both individuals and corporations.
But while there is almost universal agreement that the tax code is too complex, economists are at odds over whether lowering businesses’ tax burden will actually result in them hiring more people.
“What guarantees that that money goes into hiring?” asked Brad Kemp, the director of regional research at Beacon Economics. “What’s to say they won’t invest in manufacturing equipment or something else? Lowering taxes does not guarantee we’re going to get more jobs.”
But William McBride, an economist at the Tax Foundation, said dropping the corporate tax rate 10 percentage points, as GOP presidential candidate Mitt Romney suggested, would create as many as 1 million jobs in a year.
“The corporate tax rate is generally considered to be the most harmful of taxes in terms of economic growth … there is a lot of bipartisan agreement about this,” McBride told ABC News shortly after Romney introduced his plan.
Both Boehner and Cantor, the No. 2 Republican in the House, proposed a roll-back of federal regulations, many of which come from the Environmental Protection Agency.
The EPA’s proposed Clean Air Act rules are almost universally hated by Republicans. Besides Boehner and Cantor, all three of the GOP presidential candidates who have laid out a jobs agenda — Romney, Jon Huntsman and Newt Gingrich — called for the EPA regulations to be repealed.
Boehner, in particular, called for speedy passage of a bill that requires Congress to sign off on any new regulations — which are created and implemented in the executive branch — that could have a “major impact” on the economy.
Shortly after Cantor announced his plan, which targeted seven such regulations from the EPA, Obama announced he would stop the implementation of the most costly rule, which would have capped ozone emissions. The new policy carried an estimated $25 billion annual price tag.
In a similar show of bipartisan agreement, Boehner said he was “not opposed to responsible spending” on infrastructure projects, so long as they are coupled with expanding domestic energy production.
Obama’s jobs act includes $100 billion worth of transportation and other infrastructure projects that he said will help put to work the “more than 1 million unemployed construction workers ready to get dirty right now.”
“Infrastructure investment is the best thing he can do, period,” Kemp said. “By creating a better electric grid, expanding roadways and expanding transportation infrastructure, you are ultimately allowing for businesses to grow.”
Besides directly spending money to rebuild America’s bridges, Kemp said the best way politicians can spur job growth is to abandon the brinkmanship that has dominated Washington since the debt ceiling debate.
“Businesses are not investing because they are saying, ‘I don’t know what’s going to happen because I don’t have a clear view from my government,’” Kemp said. “If you want to blame somebody, blame the dissention between the parties.”
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Posted by: Bob | September 16, 2011, 7:15 am 7:15 am
Finally someone sees part of the problem, government regulations and the tax code. The rich will never let them do away with the current tax code. They say they should pay more but how many of them do you see paying more (thats right NONE). We need to abolish taxes on earned income and institute a federal sales tax, if you buy it you pay. The greenies will never agree to less environmental restrictions so seeing the problem doesn’t imply it will be fixed.
Posted by: karek40 | September 16, 2011, 7:48 am 7:48 am
Corporations are already sitting on huge cash reserves and are not hiring because of uncertainty. Proposals like this only increase such uncertainty. What smart businessman would spend money hiring today when demand is low, especially if by waiting a year the costs of so doing would be reduced? I’m not saying the tax code doesn’t need re-written. When GE pays no taxes, why not just abolish corporate taxes to level the playing field? Offset this with taxing capital gains as normal income since you’re no longer double taxing the income. Fund infrastructure development with a tariff on foreign made goods. Now that’s something to promote the jobs we really need in this country as opposed to the temporary construction-type jobs!
Posted by: Mark | September 16, 2011, 8:07 am 8:07 am
Here’s an idea. HIre back half of the workers you laid off and get a 5% corp tax break. Then hire the other half back and get the 5% balance. It seems that the bailouts and Bush cuts aren’t enough for these greedy companies. Do you really think these companies are going to hire workers just because they got yet another incentive…….NOT !!!!
Posted by: Shari | September 16, 2011, 8:15 am 8:15 am
Let these people do there job and stop complaining. Boehner is compromising why cant you. You want jobs and OBama cant come up with anything that works so shut up and let the people that know how to please rich people and businesses do what they do best! You want the unemployment to go down or do you just want to keep sending out free money. Your choice we can continue on our way to a third world or we can stay the most powerful country in the world. Its not even your choice. I am glad to see compromise going on but lets see how bad the democrats squeal like pigs
Posted by: Notbuyingit | September 16, 2011, 8:20 am 8:20 am
“Boehner’s plan targets the employer side by lowering the corporate tax rate and rolling back environmental and labor regulations.” ——- In other words, it is EXACTLY THE SAME AS EVERY OTHER FAILED REPUBLICAN PLAN. Boehner is proving once again he is in way over his head. He has been handcuffed by the TeaBaggers in his caucus, who are now effectively in control of the Party. Bottom line is, nothing will get done between now and November 2012, and the Republicans will blame Obama. Even though THEY refuse to act and have added nothing new to the discussion. They DO NOT WANT JOB GROWTH IN AMERICA. The better the employment numbers are the worse off they think their chances are of regaining the White House and all of Congress. So they will sit on their hands and, once again, do nothing. Pathetic doesn’t even scratch the surface of their stunning ineptitude and malfeasance………….
Posted by: Searambler | September 16, 2011, 8:25 am 8:25 am
Why does the President think that it is only heavy construction workers & teachers who are unemployed?
Shari – why would companies hire back workers they don’t need?
Posted by: wryview | September 16, 2011, 8:27 am 8:27 am
Mark said, “Corporations are already sitting on huge cash reserves and are not hiring because of uncertainty.” —— No, they’re not hiring because they really don’t need to hire. Consumer spending is low, and their scaled-back ranks of employees are obviously handling what needs to be handled, so there’s no reason at all for businesses to increase employment. If their current crop of over-worked employees burn out, there are a hundred people lined up to fill every position. Big corporations are sitting on record piles of cash and raking in record profits. They have no incentive to change anything. Obama’s plan at least incentivizes them to hire veterans and longer-term unemployed. It also creates jobs by actually getting specific things done: fixing up our schools, roads, bridges and other infra-structure. Republicans in Congress don’t want any of this to occur, period. So nothing will get done, and America will continue to suffer at the hands of the Immoral Minority, a.k.a. the Teapublican Party………
Posted by: Searambler | September 16, 2011, 8:33 am 8:33 am
Look, the tax cuts for the corporations SOUND good, but the economists are right – there is no way to show the money going into jobs. Cut the tax rates? okay but get rid of the Special rates like Capital gains rate – all income should be taxed the same. As or a Sales tax, I do not see that as a cure all. Other countries ended up having BOTH types of tax – income and sales – because the sales was not enough. Also, do you think they could agree on WHAT to tax?
Posted by: kay | September 16, 2011, 8:33 am 8:33 am
“Vote to repeal the 20th century. Vote Republican!”
Posted by: Searambler | September 16, 2011, 8:34 am 8:34 am
Our company won’t hire anyone until the Republicans take over the White House. You all can starve until then. I’m sorry ‘you can eat cake” until then.
Posted by: blind spot | September 16, 2011, 8:36 am 8:36 am
Economic system failed due to lack of oversight by officials & US Congress.Enforcement of Laws must therefore be ensured to safeguard stable economic system & repitition of recent collapse.
Corporations have been paying huge fines in Millions/Billions for settlement of cases arising out of failure to comply with US laws but CEO’s go scot free!Business must have separate Accounting & audit Firms to assit corporations to avoid internal manipulation of company records.US Congress must make stringent laws for enforcement & oversight.Democrats & Republicans must
honor their pledge to work togather for all Americans & not for a few to the disadvantage of millions of Citizens.US Congress made policy decisions & deals in regard to tax cuts & Debt reductions that added not only to National Debt & Deficit but abnormally increased the number of Americans below the Poverty level by 16 Millions in 21st centuryto all time census of46 millions!
Do US Congress leaders in both parties in House & Senate understand the adverse impact of policy decisions .US Congress did the damage to society & Us Congress must remedy the situation by doing Duty to America and honoring its Oath & Pledge !
Interdependence of workforce & employer is universal.Healthy labor -management relations is a two way mechanism to ensure fair & just deal.
Posted by: chander | September 16, 2011, 8:43 am 8:43 am
“What guarantees that that money goes into hiring?” asked Brad Kemp, the director of regional research at Beacon Economics. “What’s to say they won’t invest in manufacturing equipment or something else? Lowering taxes does not guarantee we’re going to get more jobs.”
How did this guy make it to “Director” when he doesn’t understand basic economics.
““What’s to say they won’t invest in manufacturing equipment” <- some will and increased in equipment demand will spur hiring.
Posted by: Joel | September 16, 2011, 8:44 am 8:44 am
“Our company won’t hire anyone until the Republicans take over the White House. You all can starve until then. I’m sorry ‘you can eat cake” until then.”
LOL! So when Obama gets re-elected, your company won’t hire anyone, even if they NEED to? Good for you. When is your ‘Going out of Business’ sale going to be held? By the way, if you’re going to try and be cute by using a historical quote, you should at LEAST get the quote right, and understand who said it and why it was said. Then maybe you wouldn’t look like an idiot for posting something that was historically inaccurate and in the wrong context………
Posted by: Searambler | September 16, 2011, 8:49 am 8:49 am
Yes, give the corporations MORE tax breaks, and let them destroy the environment. THAT will create jobs. Maybe even ‘trickle-down’! “Trickle-down” is kin to WMD, IT’S JUST NOT THERE! Reform the tax code for who??? So corporations can create more slave-labor overseas! The Republicans are continuing to disappoint!
Posted by: gdguynbalt | September 16, 2011, 8:56 am 8:56 am
JOB KILLING TEA BAGGERS!!!
Posted by: charity0316 | September 16, 2011, 8:57 am 8:57 am
Well it’s abouit time the Boehner and republicans of congress come up with something besides Obama’a approval rating and percentages. Now my question is this: Have they come up with a plan that won’t require spending? Is their plan a plan that does not require spending?
Posted by: minds12 | September 16, 2011, 8:59 am 8:59 am
I attempt to make a single comment and I receive an error message telling me to slow down, I’m making too many posts. lol. Liberals must be limiting the number of conservative responses. Way to go ABC!
Posted by: fedup_11 | September 16, 2011, 9:03 am 9:03 am
After Boehner’s speech I was left feeling as though I had just witnessed an individual who could barely hold back the spirit(s) of condemnation, cynicism and utter contempt from flying out of his body. What has become blatantly obvious to me as I sit, observe and listen to the various views being spewed out into the atmosphere are those words uttered that encourage, invite, instills camaraderie, breeds unity and a fearless desire to battle what should be our only common enemy: Joblessness and the Economy. Other than that it’s all B.S.! If you can’t put aside your differences to come together for the common good of all, then you don’t nor should you hold an elected office.
If you hear words that separate not unify, criticize not compliment, puts people down not build people up, is self-loathing not self love. Then we will all get closer to acquiring the key to objectivity.
Posted by: Debbie | September 16, 2011, 9:09 am 9:09 am
It’s about time. Is this a plan that does not require spending.
Posted by: minds12 | September 16, 2011, 9:14 am 9:14 am
They have to compromise with the democrats so i am sure spending will be in the bill. Minimal, or it better be.
Posted by: Notbuyingit | September 16, 2011, 9:17 am 9:17 am
What ABC News and Washington tend to forget is the vast majority of Corporations in this country are not Fortune 500, but rather consist of families who have incorporated to protect themselves from litigators. Fathers are the CEO and the wife is the CFO. By Washington focusing on multi-billion dollar companies, their regulations are strangling over 90% of this nations businesses.
Posted by: Denny Neff | September 16, 2011, 9:38 am 9:38 am
There were tax breaks given during the Bush years and they created no jobs to speak of. More jobs were created during Clinton’s years when taxes were raised. That approach has never worked and won’t work now. Doing away with regulations and rules will only lead to more of what we got the last few years – the mortgage mess, financial mess, etc. And no I don’t hate business – I just think we need to be very careful about giving them free rein to do whatever they please. While many business owners will do what is right – just as many won’t. That isn’t speculation – it is fact. Personally I think that since most business owners are Republicans – they are holding their capital trying to create more gloom and doom in order to convince people to vote the Republicans back in office. It is a FACT that Republican administrations will relax standards and lower taxes for the wealthy because that’s who they represent. Any of you who vote Republican and make less than $150,000 – I promise you that they DO NOT represent you. They will gladly accept your votes but you ARE NOT their primary concern.
Posted by: Saints Fan | September 16, 2011, 10:00 am 10:00 am
corporations should get tax cuts ONLY if they show a positive hiring trend. If they are given tax breaks just cuz they’ll simply up their bonuses.
Posted by: Mary | September 16, 2011, 10:05 am 10:05 am
Lowering the tax rate will give corps more money to sit on. They already sit on $2 Trillion, but they need MORE! I’m sorry Mr. Speaker… you are out of order. Giving more money to the Corps will not encourage hiring. We were a stronger nation when we had more mom & pop stores than chains of Costco and Wal-Mart… giving the safe combination and permission to pollute to corps is not going to get you re-elected either.
Posted by: DewyB | September 16, 2011, 10:06 am 10:06 am
fedup wrote, “I attempt to make a single comment and I receive an error message telling me to slow down, I’m making too many posts. lol. Liberals must be limiting the number of conservative responses. Way to go ABC!”
LOL! Yeah, it’s a vast Left Wing conspiracy to keep the Right from responding to articles here on the ABC forums. Believe that. Or believe it happens to everyone, even me, and it’s an issue they have with their software. Your choice……………
Posted by: Searambler | September 16, 2011, 10:17 am 10:17 am
WAIT A MINUTE! We’ve already had HUGE TAX CUTS under the Bush/Repub Presidency/Congress, so where are the MILLIONS OF JOBS that they promised this would generate? They lied of course in order to fatten their pockets and the pockets of their supporters. It certainly helped one group: the RICH, who now possess over 90% of the wealth in America, and are often paying LESS THAN WAITRESSES in total tax burden per person.
Posted by: Darwin was right | September 16, 2011, 10:26 am 10:26 am
How in the world do you call another “just say no, negative obstruction speech’ a “jobs pitch”???LOL…LOL…Is the voting electorate REALLY this STUPID????
Posted by: CND FOX | September 16, 2011, 10:33 am 10:33 am
During the Clinton years taxes were higher, higher taxes does not prevent a recovery, we saw that with president Clinton’s post recession. And as for construction workers being unemployed, the issue is that we need our infrastructure upgraded regardless, why do you suppose we dropped to 8th place in global competitiveness? Infrastructure not being upgraded and high deficits preventing the U.S. to spend more on re-training programs and infrastructure upgrades. You are aware that the government contributes to 45% of our economy, spending cuts in those areas while the private sector is not growing will destroy our economy.
Posted by: phantomniter | September 16, 2011, 10:35 am 10:35 am
What Obama wanted in 2009, he got. What Obama wanted in 2010, he got. In February 2009, Obama said his top priority would be jobs. He finally got around to it in 2010, spent nearly a trillion on “stimulus”. Now here we are in latter 2011 and the Prez says he’s going to focus on jobs. How? By doing the same thing he did last year only this time he won’t say “stimulus” – the new word is “investment”. AND to do it he wants another half a trillion, paid for by the exact same tax increases that every last business owner/manager tells him is the wrong thing to do. Even James Carville sees the foolishness. I’ve never called Obama stupid before, but…
Posted by: n'erdowell | September 16, 2011, 10:50 am 10:50 am
The left keeps using the same talking points that were used for the 2010 elections. Hows that working for you? Answer….Weiners seat gone after 90 years….poof. Keep it up dimocrats. Second coat of shellack to be applied in 2012…
Posted by: ALLEN | September 16, 2011, 10:55 am 10:55 am
How will Boehner’s plan create jobs. This economy is in a DEEP HOLE so tell me again how Boehner’s plan will create jobs without spending.
Posted by: minds12 | September 16, 2011, 10:57 am 10:57 am
Phantomniter….you know as well as I do that the ‘base’ and the right wing tea party the GOP leadership panders to ‘has no clue’ of the positive ways that our government plays in our lives. Or even the positive overall effect it had in the building of our nation. But….LOL….please keep trying to educate them. I really wish you (us) success. But I am getting to firmly believe that the only way this situation will change is a ‘stinging’ defeat next year and a semi-destruction of the Party. Just like in 1964 the “Grand Ol’ Party’ desperately needs an (LOL) ‘extreme makeover’.
Posted by: CND FOX | September 16, 2011, 10:57 am 10:57 am
The President learned the wrong motto: “If at first you don’t succeed – just keep screwing up.” Wow! Obama lied and now, even Democrats cried.
Posted by: n'erdowell | September 16, 2011, 10:58 am 10:58 am
CND FOX | September 16, 2011, 10:57 am 10:57 am But I am getting to firmly believe that the only way this situation will change is a ‘stinging’ defeat next year and a semi-destruction of the Party.+++++You mean like the same stinging defeat in 2010, or in Wisconsin, or in New York. Next up….the healthscam law……..poof.
Posted by: ALLEN | September 16, 2011, 11:13 am 11:13 am
LOL! ………………. Republicans, like Boehner, think the rest of America is like their Re-publi-tard-minions, and they truely believe that the rest of America doesn’t see their OBVIOUS game plan:
THE REPUBLICAN GAME PLAN: “Do everything we can possibly do to encourage a bad economy, and we get the White House in 2013″
LOL! ……. and if that happens, watch how quickly Republicans revert back to their own form of “BORROW and SPEND”, government spending, stimulus programs, as we saw under both Reagan and George W. Bush…
… Carter increases to the national debt = $280 Billion
… Reagan increases to the national debt = $1.7 Trillion
… Clinton increases to the national debt = $1.6 Trillion
… G.W. Bush increases to the national debt = $4.9 Trillion
REPUBLICANS = “The party that complains about the debt ONLY when they’re not the ones doing the spending”
Posted by: Georgie_Bushie | September 16, 2011, 11:22 am 11:22 am
This is not about jobs with Boehner. This is about gutting more liberal programs (even thought they voted majority to invent SS). I am sick to death of the dishonesty off the right lately. We did TWO tax cuts under Bush and he had a lousy jobs record. So enough with the hogwash here as recent history just proved this is bunk. If those regulations were so horrible why didn’t you guys go thru them all the twelve years you had the house and senate up there? Republicans won’t be happy until a few people have all the money and the rest of us are left begging. Where is the real jobs plan Boehner? ON PAPER???
Posted by: attitude | September 16, 2011, 11:35 am 11:35 am
Latest poll shows approval of the House that Boehner Built is down to a record-tying 12%. He must be so proud……………..
Posted by: SearamblerOne | September 16, 2011, 11:47 am 11:47 am
CND FOX, SEARAMBLER, GEORGIE BUSHIE, DARWIN WAS RIGHT, PHANTOMNITER… I am not rich. I support a family of 4 on a $45,000 income per year. And we are doing pretty well considering the high food and gas prices. Luckily we live in an area with low cost of living. But I will ask you this: If your stance is that rich people have ALL the money and won’t share, how do you feel that an all out class war is going to make them give their money back to the country? Why WOULDN’T they sit on their piles of cash? First of all, it is just smart business. If they think taxes are about to be raised ONLY ON THEM, why would they expand their businesses? They can’t be taxed on money they are just sitting on, only on new income, capital gains, payroll, etc. So the smart thing for them to do is just sit on their money until the economy tanks and the current government is voted out, confidence is restored, and they are free to put their money out there again without being penalized. The longer the class warfare drags out, the longer the economy will stagnate. You blame Bush for the recession? OK, even though there was a Dem. Congress for 3 years before the economy tanked. The problem is that recessions are EXPECTED, and the economy works on a cyclical basis! Yet it has not taken so long for us to bounce BACK from a recession since the Great Depression! And the reason is the continued regulations that are being piled on one another that is making it so that every day businesses don’t know what to expect next, so they are AFRAID to invest! Check this quote out from the above article: “But while the president’s plan focuses partially on the EMPLOYEE side of the equation, with payroll tax breaks and extended unemployment insurance.” How is UNEMPLOYMENT INSURANCE focusing on the “employee side of things?” THEY ARE NOT EMPLOYEES! And instead of these lawyers, construction workers, and accountants being forced to get off their butts and go get a job at Food Lion or Taco Bell to make ends meet, they are receiving an INCENTIVE to stay at home! And don’t give me this “well there are NO JOBS” thing, because I see Now Hiring signs everyday, and I have changed jobs TWICE for pay raises SINCE THE RECESSION STARTED, with no college degree or even any experience in the fields I moved into. I am so sick of shouldering the burden for the mindless jerks like you who want to take away everyone’s freedoms. Get a LIFE!
Posted by: HERR1280 | September 16, 2011, 11:48 am 11:48 am
You liberals will buy anything spoon fed to you by these slanted media outlets it is ridiculous. Even that front page article the other day about Ron Paul “Wanting people to die”. IT WAS COMPLETELY MISQUOTED AND YOU ALL BOUGHT IT HOOK LINE AND SINKER! They cut off the entire first half of Wolf Blitzer’s question, which was the part where he said that if the guy was young and in good health, and COULD AFFORD health insurance, but decided not to purchase it because he was healthy, should he be allowed to not be treated if he fell into a coma. Ron Paul answered that it WASN’T the federal government’s place to take care of him, because he made his own decision. Add that to the fact that under our CURRENT laws the hospitals could not stop treating him, which made the entire scenario a moot point, yet you idiots call him a monster anyway! Peons! Lemmings! I hope you all rot in he ll for trying to ruin my once great country!
Posted by: HERR1280 | September 16, 2011, 11:55 am 11:55 am
Oh by the way, because my salary is fairly low and I have kids, I have gotten more back in taxes than I have paid in for several years. When we (middle and low class) are paying little to NO INCOME TAXE, in what world do you think it is fair to ask for MORE from the rich? Which is a complete farce, I’d like to see you explain how $250,000 a year in this economy makes you rich…
Posted by: HERR1280 | September 16, 2011, 11:58 am 11:58 am
Congress should be cautious that industry does not take the money and run. The WH and congress have such a good reputation with Americans, corporations will be wondering when the other shoe would drop. They may not want to hold up business to see if the next president is as big a liar as this one.
Posted by: James | September 16, 2011, 12:00 pm 12:00 pm
HERR if you’re taking MY tax money perhaps you should bow out of this argument. Those earning 250K were asked to pay a tad more. Whoop. Worry about yourself. Meanwhile I pay a higher percentage than those well above me and I would appreciate it if poor people would not be stupid here.
Posted by: ATTITUDE | September 16, 2011, 12:16 pm 12:16 pm
“I am so sick of shouldering the burden for the mindless jerks like you who want to take away everyone’s freedoms. Get a LIFE!”……….. If you’re getting back more taxes than you paid in YOU are not shouldering ANYTHING. YOU take from society. YOU need to wake up.
Posted by: ATTITUDE | September 16, 2011, 12:28 pm 12:28 pm
Posted by: James—They take the money and run every time they close a factory here and open one in a more competitive business environment. Until American spend more companies won’t invest here, until there is demand in the US companies won’t invest here. Until Americans compete in the 21st century economy, they won’t have jobs and as long as they don’t have jobs they won’t buy anything. There is nothing the government can do, they can lower tax rates, they can remove regulation, but until the majority of Americans are competitive on the global market, the majority of Americans will be poor and under employed, and will not create the demand that will make it a good business choice for companies to invest here. It all starts with the individuals, they have to be competitive, if they only have a High School Degree or less they will be poor and unemployed, if you have a liberal Arts degree you will be poor and underemployed, you need to have a STEM degree, or be lucky enough to work in the service economy supported by the knowledge economy, but most won’t because a few knowledge workers don’t use all that many services, and to be competitive they have taken pay cuts, because China and India are dumping more STEM graduates on the market than all graduates here. There is a global labor surplus, and the surplus population will not make it, unless they compete and displace a less productive worker.
Posted by: snewsom2997 | September 16, 2011, 12:32 pm 12:32 pm
ATTITUDE if you are saying you are below the $250,000 cap then you aren’t paying jack in income tax either, so quit trying to act like you do. Also, I still pay property tax, sales tax, etc., so I don’t want to hear it. When I said I was “shouldering the burden” I wasn’t referring to income tax, I was referring to other taxes I pay, to the rising food prices brought about by liberal economic policies, to my childrens’ dumbed-down education, to high gas prices, to the house we have outgrown but can’t sell due to the housing market, to the healthcare bill that is going to ruin MY FAMILY’S level of care, to the fact that due to high unemployment I have to be afraid that if I get sick and miss time I will be fired because there are so many “qualified” people out there willing to take my place, etc. etc. This economy has an effect on everyone, moron, and I fight and work hard every single day while people like you wax intellectual about a subject you obviously have no understanding of…
Posted by: HERR1280 | September 16, 2011, 12:43 pm 12:43 pm
I’m above 250K and paying to keep you up. So get over yourself and your sacrifices because we’re ALL paying the same for food, gas and everything else. You evidently make no sacrifices and I help you. Then you sit around and blame everything negative in life on one political party, which is dumb. If you do not give more than you receive you should bow out here because I paved that road you drive woman. If you’re at work right now and on here like I see so many you’re not working that hard either. Me? I’m sitting at home rich. PS. Pre-existing can now afford medical care yet here you sit, paying NO federal taxes, whining about how your care might suffer too. Selfish.
Posted by: ATTITUDE | September 16, 2011, 12:53 pm 12:53 pm
Herr….I will be glad to reply to you. And for your information…I have a life and more importantly …have always had one. But I didn’t ‘achieve that ‘life’ by believing in a ‘rigid ideology’ and not being open minded and realistic. I listen to the ‘garbage’ that you have been programmed or brainwashed with, on how ‘rich people’ think? LOL…LOL…I have been in business and banking ALL MY WORKING LIFE and let me tell you this….I know of NO, SOLID AND SANE entrepeneur or businessman who thinks that ‘sitting on his cash’ is good business practice. OR the fact that they may just have to pay higher taxes. BECAUSE YOU KNOW WHY? That means that their CASH FLOW is so much stronger than what they pay in TAXES. But you are right about ONE THING. There is ‘class warfare’ going on right now. And the ‘very wealthiest’ of this nation are conducting it on ‘people just like you’. IF….I repeat IF… the middle class (and those just below it) don’t wake up soon and quit voting for ‘conservatives, tea party canddates or the GOP’….they will not ever have to ‘worry’ about a ‘retirement’. Because they will have to work until they die.
Posted by: CND FOX | September 16, 2011, 12:54 pm 12:54 pm
She doesn’t get which team is more inclined to be her friend here CND. Let her vote to kill off social securtiy and medicare. She’ll eventually lose all healthcare, get lower wages, and be out on the street. To stay warm at night with her spin and her hate she’s been taught. For the life of me I can not believe I have sat on here today listening to somebody that gets back more federal tax money than they pay try to claim to be so put upon.
Posted by: ATTITUDE | September 16, 2011, 12:57 pm 12:57 pm
Posted by: ATTITUDE—You pay a higher percentage because you choose not to use the tax code to your advantage. You pay the majority of your taxes as wages and that is what we tax at progressive rates, the super wealthy make the majority of their money in capital gains and that is what we tax at the 15% rate. No One is stopping you from investing and realizing the capital gains rate instead of the income rate, and there are numerous loopholes that allow you to do so. There are hundred of deductions, buried in 100,000 pages of tax code, that is why you hire an accountant, you specialize in what you do he specializes in taxes, the cost of tax preparation is less that the money that can be saved using the tax code to your benefit. You do this for the same reason you do not act as your own lawyer, you hire a lawyer.
Posted by: snewsom2997 | September 16, 2011, 12:57 pm 12:57 pm
I am investing Snewsom, and I also feel this 15% capital gains is too low. Since when do we honor pushing money around more than true labor in this country? Meanwhile he has a job and we get this thing called a W2 every year and have to claim it as income. We choose not to cheat as well – and I refuse to join the millions of people across America by claiming I own a farm by putting one goat on my property or something. I am not going to open some fake corporation to hide my money. At night I have to sleep with myself.
Posted by: ATTITUDE | September 16, 2011, 1:01 pm 1:01 pm
OK ATTITUDE, I am going to break something down for you. First of all, I served 6 years in the Air Force directly out of high school. It is all I ever wanted to do. I loved my country and the military and wanted to serve. But when I was 23 I started dating a girl who was also in the Air Force, and even though we practiced safe sex, we had one of those one-in-a-thousand instances of contraceptives AND birth control failing, and she got pregnant. I had orders to go to Korea for a short tour four months before my son was to be born, and after that I was going to California. Her orders were to Illinois. So I tried to do the right thing and married the girl. Since I was going to be out of country for a year, I made her an authorized user on my credit cards, so that she could buy things if she or the baby needed them, and while I was gone she maxed every card I had out, and dropped $40K in debt on me when I returned. She also repeatedly cheated after my son was born. So when I came back to the states we had her orders changed for her and my son to come to CA with me, but while there our marriage fell apart, and I wanted custody of my son so I had to get out of the AF in order to be awarded sole custody. Since I had never planned on getting out of the AF, I had not pursued a college education because I “could take my time” about it. So when I got out of the AF at the end of my term I came home to NC, and briefly took up residence with my parents. This was in 2006. I found a retail job, and began going to school under the GI Bill. Within a few short months I had a home for myself and my son. Over the next two years I met another woman who would become my current wife. Two years ago I began looking for a different job so that I could have better hours to spend with them and so that Kati and I could have another baby. Now, OUR CHOICE was for her to stay home with the baby, and my 7 year old is in school. We live off of my income from a mid-level banking job, and we do not take ANY kind of social welfare. We have a house in a safe neighborhood, we share one vehicle, and I car pool with friends from work so we can split the gas. We eat all our meals at home except for rare occasions, and aside from taking our oldest son to a movie now and then, we do leisure activities that cost nothing like going to parks, museums, or camping. We have made TONS of sacrifices, so you sit there and be rich, and I will continue to spend ten hours a day outside of my house and away from my family. I don’t begrudge you your money, because even though my circumstances have kept me from attaining what you have right now, I like the fact that in our current society I have the FREEDOM to one day get where you are. Obama wants to end that with his redistribution of wealth policies, and that is not the America I want or love. So you can remain blind if you wish, but I prefer not to be an ostrich.
Posted by: HERR1280 | September 16, 2011, 1:30 pm 1:30 pm
SNEWSOME2997…ATTITUDE didn’t say it but I will. That examole of ‘capital gains income” is totally unrealistic and BOGUS for the majority of this nation. So many of the majority of this nation can barely make ends meet. GET REAL AND QUIT TRYING TO ‘SPIN’ the reality of middle class lives.
Posted by: CND FOX | September 16, 2011, 1:34 pm 1:34 pm
Umm… CND FOX, ATTITUDE just SAID that he is rich and sits at home all day. So obviously he does have the money to do that. SNEWSOM2997 was talking specifically about him. I never saw him say anything about anyone else.
Posted by: HERR1280 | September 16, 2011, 1:39 pm 1:39 pm
Herr 1280….and what “Faux Noise pundit” brainwashed you on the misrepresented, fear mongering ‘redistibution of wealth conspiracy theory”???LOL…LOL…LOL… You sure you fully understand the ‘ostrich principle’??? LOL….LOL I don’t think you do.
Posted by: CND FOX | September 16, 2011, 1:39 pm 1:39 pm
Politics has turned into sensationalism , medical industry has turned into a wall street profit, banks have turned into rapist. And it all happened before Obama took oath. Now Obama has tried to fix things & what do we see? somehow foxnews & republicans & people with no memory say it’s Obama’s fault??? That is plain crazy. I am around a bunch of insane people. I know Obama is trying & it seems that everyone just wants to complain that he hasn’t done what they think or say. I think it’s America & it’s investment system that has pulled or is trying to pull the wool over everyone’s eyes. I can’t believe if we get republican president he will 1st deregulate everything thinking it’s good business practice. Not caring about stuff like Enron, BP , Wall Street , Banks going crazy with their APR ON THEIR CUSTOMERS!!! I don’t know about you , hbut I can not take anymore….wait, this world can not afford to skimp on regualations of business practices. GOP is so bought out by LARGE CORPORATIONS, all the while they say ‘what about the small business owner?? ,,,don’t raise taxes!) While large corporations find all methods to get around taxes, they skimp on regulating themselves due to always looking at their profits. Also large industry has no problem sending jobs overseas, as a matter of fact they think it’s GOOD…why???? more profit for them….so here we are…..are you really going to vote Republicans back in??? are you really going to ask the wolves to guard the henhouse again??? If u do we will be in deep sh!pt ……Obama is just fine, if someone would try to work with him. But no, they are all bought out crying babies on the right. The poor rich man…..only in America. BTW has anyone been punished for any of these debacles? The Enron people did but what about the Wall Street great depression scare of 2008? . We still feel the effects, yet no one is punished & republicans want to deregulate even more….it will happen again if that happens…so.sad…all for the love of money, we will all one day lose it all…..because of greed. But that’s ok, i have my health I guess.
Posted by: hhh | September 16, 2011, 1:47 pm 1:47 pm
Boehner is not good. He is the king of Do Nothing…he’s good at weeping. mann that was sad to look at. plz remove him. typical redneck red state red fed dead head.
Posted by: hhh | September 16, 2011, 1:49 pm 1:49 pm
Hello America, the question is where do we go from here? since the Solyndra scandal has surfaced, if the choice for the Congress is between Impeaching Barrak Obama similar to Richard Milhouse Nixon and concentrating on Job Creation. I think the only course to pursue is to purge the goverment of fraud, our past experience with Nixon has shown that Impeachment takes precidence. sincerely Fezzy Bear
Posted by: Fezzy Bear | September 16, 2011, 1:52 pm 1:52 pm
HHH…what you have in the political world today is a ‘wealthy oligarchical’ reaction to a “President who is trying to fix things’. Bush gave them the keys to the “treasury’ and they don’t want to give them up. And they have plenty of money to ‘buy off’ politicians (on the right) and pollute the media airways with their propaganda’ (Faux Noise, Newsmax, right wing AM radio etc.) that preaches to those not very educated or enlightened. The good news is that ‘negativism’ never wins in the long run…and they (the GOP) are preaching to a dying demographic (choir).
Posted by: CND FOX | September 16, 2011, 1:58 pm 1:58 pm
By the way, for all of you claiming Republicans are bought and paid for by the big, evil corps., you may want to look at Jeffrey Immelt, head of GE and Obama advisor, and the fact that GE paid no taxes last year… You’re right, political greed is a Republican business. If you really want change, you need to vote Ron Paul. He wants to get us back to the Constitution, which even ABC News says on their “Meet the Candidates” article on this page. Unfortunately, his cause is not media or corruption friendly, so he gets no air time. If you want to accuse me of being a Fox News drone, he doesn’t even get airtime on that network, so there goes that argument. I hate it for all of you people who have no idea of how to look at the big picture…
Posted by: HERR1280 | September 16, 2011, 2:06 pm 2:06 pm
OK HERR I will break it down for you. You can’t be all bad if you served, are from NC, and fought for your child. The things I want are to help you. We are a consumer economy and if this keeps going my husband’s company won’t have consumers and eventually he’ll lose his job. Your party hates people like you that take more than they pay in federal taxes. They would hit you up for thousands tomorrow while they try to claim Rush Limbaugh’s additional 54 million is more patriotic. This falls under “sucker.” You need to stop being played by a GOPAC memo (look it up) and start logical thinking. There is a difference between spin/rhetoric vs. reality. This recesssion was bi–partisan and nobody has any great easy answers. I wish to keep America looking like the great nation I grew up in and not turn it into Mexico. If you think this is Marxist, when I argue to raise my taxes and protect you, then you need to go back to college. The one my tax money paid for. I believe in a strong middle class. Let me remind you that you fall into said category. I am not your enemy. If you fought for freedoms then at what point did you cease to believe we’re really allowed to have them. Such as freedom of thought and ideology?
Posted by: ATTITUDE | September 16, 2011, 2:08 pm 2:08 pm
Oh, and how did I forget to mention Solyndra and Operation Fast & Furious? Can’t wait to see who Obama’s scapegoat will be for those fiascos.
Posted by: HERR1280 | September 16, 2011, 2:12 pm 2:12 pm
ATTITUDE – How is the Healthcare bill representing freedom? And honestly, my wife stays at home, so I am not hating on you there, but if it is “your husband’s company” bringing in all the money that makes you rich, then it is not really “your tax money” paying for my college… My wife leans left too, and I can tell you that is part of the problem, too many people sitting at home are making too many decisions for those of us at work. My philosophy: look at childcare. I have never known a child that endured no hardships to grow up to be productive. Look at all the shining examples of spoiled brat children whose parents bought them whatever they wanted and never asked them to work for it. I will never lean left because I will NEVER stand for giving money to those who do nothing to be productive to society. No, I don’t think SS should have been robbed, but that is about it. There are the old and inferm, and then there are the healthy people who sit on welfare and unemployment and have babies. The only way not to have a system that is abused by the lazy is to not have a system that will reward them. “Well what about those who have real needs?” you say? Every penny not spent on social welfare would be in circulation in our economy right now, and when I’ve got a little extra money, I give to the United Way and Red Cross. I bet you do too. But now NOONE has money to give, and charitable organizations are suffering just as much as we are, so instead of targeted aid to those with true needs, we have blanket UI extended until eternity, when I KNOW FOR A FACT there are jobs out there, because I see Now Hiring signs EVERY DAY. I am 30, and I was amazed to find that there is a 20 year old girl that sits next to me in a sociology class who has FOUR JOBS. How can that be? Oh yeah, when UI pays me over half of my old salary, while Food Lion and Taco Bell are only going to pay me a quarter of that salary, why should I go back to work?
Posted by: HERR1280 | September 16, 2011, 2:24 pm 2:24 pm
The healthcare bill? The one that makes you that gets my tax money back fear less quality care? Republicans invented mandates so perhaps you should ask them this question. McCain ran on the same thing. The only two differences between what passed between the two was tort reform and selling across state lines. Both of which democrats fear really would make you end up with less quality care. I can’t believe you’d sit here and try to go sexist on me when your wife stays home. Well, yes I would. It’s always a conservative man that claims to have conservative values. I worked for years and am half of this marriage. I can assure you I’ve more than pulled my weight at home and volunteering since I quit so I could lug this family around the world for his job. Now I get to add sexist pig to my list of reasons why you annoy me so deeply. Unbelievable. You don’t really believe in half of what you claim. Back when I worked two jobs and was poo?. I paid a fortune in federal taxes. Now you get more back than you paid. You’re welcome. You productive member of society you. You that can’t even grasp what you get to take advantage of that you did not pay for. Either you people are insecure or you have ego that ate your brains. In closing? Learn basic math. There are not enough jobs for those that want to be employed. Just because you see some help wanted signs does not change this. I thought you went to college. On my dime.
Posted by: ATTITUDE | September 16, 2011, 2:40 pm 2:40 pm
I’m sexist? You’re right. Even though I said I wasn’t picking on you about that. I said it because you keep making comments about “your dime” and “my college that YOU paid for”. My wife is just as important as I am in my family, and I know that as well as anyone. Also, I go to college under the GI Bill that I paid for with MY service in the AF. Also I got back more than I paid for the same reason most people my age and at my salary level get back more than they paid. The “child-care tax credit”. When you pay out thousands a year in child-care, the government will let you get back up to $3,000 of it in a child-care credit. When you have other deductions as well, and you only pay in $5-6K per year, that equals getting more back than you paid. I’m so sorry I take advantage of the credits just like everyone else. That was before my wife quit her job when the baby was born. Now I will not get that credit anymore, and I will no longer be a “freeloading” member of society. Oh, and since you brought up volunteering, let me ask you this… Have you ever been to a DSS? When you volunteer, as I often do with the United Way, you can see the gratitude and thanks on the faces of every person you help. When you go to DSS, you see a bunch of ungratefule deadbeats yelling at government working because they want to know “where their #$%^ check is!” The system takes any gratitude out of the situation because everyone feels like it is OWED them. I tell you what, you are absolutely ridiculous and I honestly don’t even know why I am still trying. Both sides, Reps. and Dems. have made up their minds, and while we embrace it as “sticking to our guns”, you Dems. stick to yours just as fervently but accuse Reps. of being “close-minded, partisan idiots.” Hypocrites…
Posted by: HERR1280 | September 16, 2011, 2:58 pm 2:58 pm
“…you may want to look at Jeffrey Immelt, head of GE and Obama advisor, and the fact that GE paid no taxes last year….”
Well, turns out that isn’t true. They did pay taxes. Look it up.
Posted by: SearamblerOne | September 16, 2011, 2:59 pm 2:59 pm
But lets get one thing straight right now. I paid as much in state taxes as everyone else, so fire, rescue, police, education, etc. are all paid for. I got back money on my FEDERAL taxes, so tell me what federally funded service of mine YOU are paying for, please…
Posted by: HERR1280 | September 16, 2011, 3:00 pm 3:00 pm
By the way, here is the headline: “General Electric Paid No Federal Taxes in 2010″. That is from right here on your beloved ABCnews.com. YOU look it up.
Posted by: HERR1280 | September 16, 2011, 3:04 pm 3:04 pm
you may want to look at Jeffrey Immelt, head of GE and Obama advisor, and the fact that GE paid no taxes last year….”
Well, turns out that isn’t true. They did pay taxes. Look it up.
Posted by: SearamblerOne | September 16, 2011, 2:59 pm 2:59 pm++++Isn’t Jeff the Obama advisor that is sending American jobs overseas??
Posted by: ALLEN | September 16, 2011, 3:15 pm 3:15 pm
HERR1280 | September 16, 2011, 11:48 AM:
“If your stance is that rich people have ALL the money and won’t share, how do you feel that an all out class war is going to make them give their money back to the country?”
======================================================================
LOL! ……….. HERR1280, based upon what you wrote about your life in your 1:30 PM post, I can tell that I earn more than you and thus pay more taxes than you.
My “stance” has nothing to do with “the rich paying more”, or “class warfare”, or all the other hogwash that you picked up at Fox News. Again, remember, I pay more than you in taxes… I happen to be in the upper quintile of the 5 tax brackets.
MY STANCE IS THIS: I’m sick and tired of the Republican party running around and pretending they’re “fiscal conservatives” and all concerned about the nation’s deficits and debt, and then… as history has proved during the last two times we had Republican presidents in office, they turned out to be WORSE than Democrats in their spending. Repeating what I said above…
… Carter increases to the national debt = $280 Billion
… Reagan increases to the national debt = $1.7 Trillion
… Clinton increases to the national debt = $1.6 Trillion
… G.W. Bush increases to the national debt = $4.9 Trillion
The problem with the Republican party is that they LOVE to cut taxes (for the rich apparently, since Boehner just proved that he’s not willing to cut taxes on the middle class)….. yet, those same Republicans NEVER have the “BOWLS” (misspelled on purpose) to cut spending. We saw that with Reagan, and we saw it with George W. Bush… and Reagan had a Republican Senate for the first 6 of his 8 years, and Bush had a Republican Senate AND a Republican House for the first 6 of his 8 years.
Hey Buddy HERR1280, EVERYONE, including me, loves our “tax cuts”…… but let’s be realistic here…. the Reagan Tax Cuts (and continued big spending) did nothing for the country except the fact that Reagan became the first president ever to have the national debt balance increase in the “Trillions” (versus in the billions, as was occurring with all 39 presidents before him). The Bush Tax Cuts did nothing but cause us to start increasing the debt by “$5 Trillion” under each president versus “$1.5 Trillion” (as occurred under Bush # 1 and Clinton before him). ………… Tax Cuts are fantastic there HERR1280, but unless Republicans learn that those tax cuts need to be combined with cuts in spending (which both Reagan and Bush did not learn), all we’re doing is fooling ourselves.
So, after both Reagan and Bush claiming to be ‘fiscal conservatives’ and then having the national debt balance climb higher under them more than any other presidents before them…. are you willing to be “fooled” a 3rd time by that Republican so-called “concern” about the deficit and the national debt? You need to understand that it’s the Republican desire to ONLY implement tax cuts (without being willing to have the “bowls” to cut spending) that is causing our huge national debt balance.
I trusted Republicans twice before in my lifetime, until I realized that their problem is that they’ll never reduce spending because they don’t have the “bowls” to. It’s a politician’s natural business to “bring home the bacon” (special projects), and the Republicans have proven to me that they still want to “bring home the bacon” (special projects), they just don’t want to pay for that bacon at the moment that they purchase it. Reagan proved that with his $1.7 Trillion dollar increase to the debt, and G.W. Bush proved that with his $4.9 trillion dollar increase to the debt. …… Some of us learn from our mistakes, especially when we make the same mistake twice, i.e., believing that Republicans are actually going to be ‘fiscal conservatives’ and then both Reagan and Bush # 2 proved us to be wrong.
Posted by: Georgie_Bushie | September 16, 2011, 3:16 pm 3:16 pm
Any plan put forth by either side is going to cost money. That is what the govt does and has always done. Provide the loans, guarantees & incentives for private companies so they can hire the workers and do the projects.
If not for the govt, there would be no Hoover Dam, there would be no interstate highway, there would be no TVA to supply power to the SE, there would have been no A bomb that ended WWII.
The govt is has a direct impact for the hiring of workers by providing private employers the incentives.
The latest example of our crumbling infrastructure requires govt to provide incentives to the private employers for hiring workers to get the project completed. There isn’t a single employer, or employers, who will do the job without govt incentives. Govt incentives (money) provided 6 companies the means and motivation to build the Hoover Dam. The govt provided incentives to numerous companies to build the interstates.
The country benefits because more workers, less unemployment, greater tax base and increased revenues, greater demand for other goods and services – all leading up to a better economy.
Don’t anyone tell you the govt has never done anything good. Hunters would not have night scopes, microwaves would not be around, WWI & WWII were victorious because of the govt, power generation supplied by TVA and Hoover Dam, the freeways (interstates) you drive on, those same interstates providing a means for trucking companies to move goods all across the country. Yes, the govt has has some flops but then who hasn’t
Posted by: raggmopp | September 16, 2011, 3:53 pm 3:53 pm
“By the way, here is the headline: “General Electric Paid No Federal Taxes in 2010″. That is from right here on your beloved ABCnews.com. YOU look it up.”
LOL!!! Oh, well, if that’s what the HEADLINE says, then it must be true. I posted a link in my earlier post but it got deleted. Google ‘did ge pay taxes in 2010′ if you really want to know the truth. Or – just ignore it…
Posted by: SearamblerOne | September 16, 2011, 4:05 pm 4:05 pm
Ok SEASCRAMBLER – I read your article. You are so right, even though the TIMES, ABC News, and just about everyone else said it, you seem to be correct. “Its 2010 tax situation? “We expect to have a small U.S. income tax liability for 2010,” GE chief spokesman Gary Sheffer told us.” I guess I was sooooooooo wrong.
Oh but wait, there’s more from the SAME article!
“Why should you care about this? Because we all have a stake in how this plays out. Thanks to the uproar over GE, we now risk ending up with legislation that targets GE but produces all sorts of unintended consequences. PUBLIC RAGE CAN MAKE FOR A BAD LAW. For example, the Alternative Minimum Tax was adopted in 1969 amid an uproar generated by a Treasury report that said 155 wealthy families had paid no income tax. But the bill, badly designed and badly amended, has morphed into a mess that affects millions of middle- and upper-middle-class families, but not the really-high-income tax-minimizing families. They’re not affected because the AMT fades out of the picture for families with income of $600,000 and up.”
So let’s pass a knee-jerk Jobs Bill just like our knee-jerk Healthcare Bill and our knee-jerk Stimulus Plans, and maybe THIS TIME it will all work out!!!
Posted by: HERR1280 | September 16, 2011, 4:22 pm 4:22 pm
If you republicans really feel government spending doesn’t create jobs, explain why defense spending does. Do you really think the workers at Raytheon, Lockheed, and General Dynamics are buying into your theory?
Posted by: tferretti | September 16, 2011, 4:44 pm 4:44 pm
TFERRETTI – What are you even talking about? Dems. are the ones who wanted to cut defense spending. Republicans pushed for cuts to SOCIAL WELFARE programs.
Posted by: HERR1280 | September 16, 2011, 4:56 pm 4:56 pm
HERR1280
You missed the point completly, if defense spending can create jobs, can otheer government spending create jobs?
Posted by: tferretti | September 16, 2011, 5:04 pm 5:04 pm
I supposed the righties enjoyed the financial system collapse and the BP disaster in the Gulf since they don’t like regulations.
Posted by: Rick | September 16, 2011, 6:36 pm 6:36 pm
I cannot get over the blindness of Republicans: we’ve already HAD three decades to prove the “tax cuts plus deregulation” line as true or false as a way to “stimulate” the economy. It doesn’t work very well, and it doesn’t work AT ALL in a deflationary time. We’ve had ten years with massive tax cuts and almost total relaxation of all rules for business. What just happened? A financial crisis and a depression narrowly averted — so far — by government spending. Why do people love this conservative myth so much? It isn’t true, it’s never been true. It IS true that our corporations have learned how to put one over on us, and American corporations have learned to do their manufacturing overseas with slave labor, and to sell their junk to us. But we’re not rich anymore, we’ve lost 50,000 factories, and we no longer are at the cusp of any industry except computers — and there, we only are ahead in design and software, not in manufacture at all. Alexander Hamilton must be rolling in his grave. We’ve unhitched American prosperity from making things. There’s going to be hell to pay if we can’t stretch our imaginations and realize the falsity of the conservative “bible.” That way lies an international business class surrounded by a moat, and the rest of us, trending towards the status of a Chinese peasant.
Posted by: Jim H | September 16, 2011, 9:52 pm 9:52 pm
We have all seen what the Republican jobs bill in 2004 did for America, absolutely nothing but benefit the corporations and give tax breaks to the rich. Actually cost us jobs millions, between 2004 & 2008, we can’t afford to let the Republicans do this again. Wake up America, if they won’t come together for a balanced plan, we need to dump both parties for the saving of America.
Posted by: Steve | September 17, 2011, 9:07 am 9:07 am
Obama wants to end that with his redistribution of wealth policies,———————– how is that? I do not see it. I think no matter what your income you should be paying the same percentage of income tax on the dollar. Don’t you? Do you think if you make more the percentage on the earned dollar should be less? You should be entitled to loop holes and big breaks for deductions off the top because you make more money? I am talking about personal income not small business or medium business. They are the ones that need the breaks, not these large corporations. We have a very bad tax system now. Fix it.
Posted by: overandover | September 17, 2011, 1:20 pm 1:20 pm
Bush ran his whole economy on debt. War debt and with the help of Greenspan, housing debt.
He and the republican congress created more gov jobs than private. Now the lobbying group for defense contractors is up there in Washington telling them they cannot cut defense because it would put almost another million out of work. Then some of you say gov. does not create jobs. hummmm
This whole thing is a structural mess….
Posted by: overandover | September 17, 2011, 1:23 pm 1:23 pm
The republicans answer to everything is tax cuts and deregulation; isn’t that what we did for eight years under Bush? Look how well that has worked out; unemployment is extremely high and America owes a fortune to everyone! They believe if you tell the lie enough times the people will believe it; don’t believe it America it’s not true. They have begun to consider the Government of the United States as a mere appendage to their own affairs. We know now that Government by organized money is just as dangerous as Government by organized mob. If you want the Rich Corporations and Wall Street to run your life vote republican in 2012.
Posted by: T Trump | September 17, 2011, 1:24 pm 1:24 pm
We have already tried large tax breaks for large Corporations. Bush tried that in 2004 for those of you that think this jobs issue has only been around since Obama came into office. Bush and the republican congress allowed corporations to bring back dollars and get a huge tax break saying it would create jobs here. HA – the money went to the executives in bonus money, stayed on the books, and to the stockholders. Not one job was created. They will not spend money when there is no demand. It is all about DEMAND…
Posted by: overandover | September 17, 2011, 1:26 pm 1:26 pm
Why do we focus on large companies since they only make up 7% of the work force here?
Posted by: overandover | September 17, 2011, 1:27 pm 1:27 pm
The republicans answer to everything is tax cuts and deregulation; isn’t that what we did for eight years under Bush? —- yep, and look at the mess. They want us to believe that large companies will do the right thing, be honest, we will all be nice to each other and there is no need for OSHA or unions. Why would it work now when it did not work back then? Owners never took advantage of the workers? Why do we have child labor laws, etc. Companies always clean up after themselves. Ask those in the gulf with BP. How about the Texas Gov. big toxic waste dump and then the nice campaign contribution he got. Sure…. we believe you. ha
Posted by: overandover | September 17, 2011, 1:32 pm 1:32 pm
Only DUMB Americans believe that tax cuts to the wealthy will turn this economy around. We have no demand for our products. Middle class America has no extra money to spend. We need to figure out how to get some manufacturing going again.
We need venture capital it is going overseas now too. Oh, tax breaks will allow the people to provide venture capital and the banks will loan. They are loaning overseas as there is less risk. We have some real structural issues here people and the same old same old answers are not going to work.
Posted by: overandover | September 17, 2011, 1:39 pm 1:39 pm
I can tell that I earn more than you and thus pay more taxes than you.
—- That probably should be the case don’t you think? Unless you are asking the rest of America to give you a break because you are a small business employer and want the tax break money to invest here in the USA. Enough of these tax breaks for people just pushing transactions on wall street.
Posted by: overandover | September 17, 2011, 1:42 pm 1:42 pm
The republicans always fall back on the theory of triclke down economics when things get tough. It’s never worked and never will work. Republicans are really democrats who are not smart enough to figure out which side their bread is buttered on. Any working man that votes republican is either brain dead or in total denial.
Posted by: tferretti | September 17, 2011, 2:08 pm 2:08 pm
“Just because this is good legislation for Republicans, and written by Republicans, that doesn’t mean Republicans are going to vote for it”
Spoken by Mitch McConnell
In a formidable show of solidarity, Senate Republicans on Thursday rejected their own bill in a dizzying procedural blockade that party leaders said underscored just how fiercely determined they are to stand up for their party’s principles, even if it means voting against those principles
Posted by: Bobby | September 18, 2011, 10:22 pm 10:22 pm
The republicans don’t understand that their “party’s principals” are hurting this country.
Posted by: tferretti | September 19, 2011, 8:56 am 8:56 am