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Uh-oh. Just like some celebrity asleep at the wheel when it comes to getting a web domain name, President Obama apparently didn't act fast enough and someone else claimed the name "American Jobs Act" for their bill.
"In Congress this week, there's an unmissable undertone of disinterest in passing the American Jobs Act announced by the president one week ago. Most of the dismissiveness appears in the form of non-answers and non-committal talk about whether the bill should pass as-is. The White House has released the text of what it wants, but no bill's been introduced yet, as gripes get heard out. Rep. Louie Gohmert, R-Tex., just did his griping colleagues one better, by introducing another bill called the American Jobs Act of 2011."
Short and sweet. Too bad people don't understand that corporate taxes are a hidden tax that is paid by consumers. Why you buy a McDonalds hamburger, you are paying their corporate taxes.
But, corporate taxes make politicians look good (make the pay their "fair share")so they will never go away.
Short and sweet. Too bad people don't understand that corporate taxes are a hidden tax that is paid by consumers. Why you buy a McDonalds hamburger, you are paying their corporate taxes.
But, corporate taxes make politicians look good (make the pay their "fair share")so they will never go away.
That's not necessarily true at all; you're just making an assumption.
If there is still a profit margin, then whatever costs that are passed on to the consumer have to be accepted by the consumers themselves. Just ask Net Flicks how passing the costs along to their customers has worked out for them.
The economy is sometimes complex, but more often than not, fairly simple. It comes down to supply and demand. I'm amazed at how many conservatives who claim to understand economics fail to realize this.
Uh-oh. Just like some celebrity asleep at the wheel when it comes to getting a web domain name, President Obama apparently didn't act fast enough and someone else claimed the name "American Jobs Act" for their bill.
"In Congress this week, there's an unmissable undertone of disinterest in passing the American Jobs Act announced by the president one week ago. Most of the dismissiveness appears in the form of non-answers and non-committal talk about whether the bill should pass as-is. The White House has released the text of what it wants, but no bill's been introduced yet, as gripes get heard out. Rep. Louie Gohmert, R-Tex., just did his griping colleagues one better, by introducing another bill called the American Jobs Act of 2011."
That's not necessarily true at all; you're just making an assumption.
If there is still a profit margin, then whatever costs that are passed on to the consumer have to be accepted by the consumers themselves. Just ask Net Flicks how passing the costs along to their customers has worked out for them.
The economy is sometimes complex, but more often than not, fairly simple. It comes down to supply and demand. I'm amazed at how many conservatives who claim to understand economics fail to realize this.
I understand perfectly well how prices are set. If you raise taxes on all of the competitors in a market, they will raise prices. Taxes are just like any other expense, except that you cannot control it. Obviously, there are exceptions, particularly on a short term. But long term, taxes have a direct impact on prices.
I've been involved with setting prices at my company for 15 years and can assure you that every cost and price model has taxes in it.
I'm amazed how many liberals who claim to understand economics fail to realize this.
I understand perfectly well how prices are set. If you raise taxes on all of the competitors in a market, they will raise prices. Taxes are just like any other expense, except that you cannot control it. Obviously, there are exceptions, particularly on a short term. But long term, taxes have a direct impact on prices.
I've been involved with setting prices at my company for 15 years and can assure you that every cost and price model has taxes in it.
I'm amazed how many liberals who claim to understand economics fail to realize this.
Taxes are factored into the profit margin, yes, so in a sense, they can be passed along to the consumer. But the rise and fall of prices ultimately has more to do with supply and demand. It's possible to cut taxes and have customers pay more for a product due to rising demand, and it's entirely possible to raise taxes and have consumers pay less due to falling demand. Businesses that just tack on taxes expecting the consumer to just pay them anytime there's a hike on corporate taxes are going to be in for a rude surprise.
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