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You're really naive if you think "big government spending" is the root of all evil. As I have pointed out in another thread, Corporate America has not been any kinder towards unemployed people and the American Economy as a whole.
When anyone or any government constantly spends more than it takes in, it's too big....
Increasing regulation, keeping small business uneasy from not knowing what new taxes may come into existence, shutting down NASA with all its jobs, .. . . . . . . Wait that is what we are doing not what we need to do to help that promised recovery get started. Can we exist 1 1/2 more years? I surely wonder.
Maybe we should raise taxes and keep passing regulations, surely that will bring those profits back.
Corporate tax rate has to decrease because right now it's the highest in the developed world.
Even then, it's not going to be enough. Loopholes in the tax code will have to be closed. All in all, a leaner, simpler and more intuitive tax code has to be drafted.
Regulations are needed though; you're a fool if you think otherwise. Regulation hasn't stopped companies from being successful; German companies are doing very well despite operating in a heavily-regulated market in the European Union.
Maybe we should raise taxes and keep passing regulations, surely that will bring those profits back.
You just suggested what slimkay and other progs would think will work. It is that threat of raising taxes that is holding us back. Regulation is one of the most pressing needs for progressives so, yes, we will increase the numbers of regulations on business.
You just suggested what slimkay and other progs would think will work. It is that threat of raising taxes that is holding us back. Regulation is one of the most pressing needs for progressives so, yes, we will increase the numbers of regulations on business.
I am not advocating the increase of regulation; I am advocating the need for all regulation to being leaner and less messy and uncertain.
And they need to cut that corporate tax rate to 25-30% and/or even lower. But doing so, they need to stop giving those tax breaks and subsidies to industries and companies who DON'T need it.
Why should there be a recovery? This has always been status quo and people should get used to it. All the "good years" were just a huge bubble. We've overbuilt and overpaid lots of people for jobs that they never should have had. Lots of people benefited when they should not have. Now it is natural for those cush jobs and fake demand to go away and never come back. People just have to adjust to their new reality esp w/ increase in double income households.
Look at corporations. They aren't earning more - but they are becoming profitable because they have streamlined their processes. There is no "recovery" - but we can definitely afford to trim the fat in order to make this reality more tolerable.
The unemployment numbers may be worse for July and August now that the stimulus dollars have expired on July 1. Those stimulus dollars were saving many gov't jobs. Now that those dollars have expired we may see more layoffs in July and August.
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