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Tax cuts for the rich do NOT equate to job growth, they just mean the rich get richer and we, the working class, pick up the slack for those lost revenue dollars.
Tax cuts for the rich do NOT equate to job growth, they just mean the rich get richer and we, the working class, pick up the slack for those lost revenue dollars.
Does it matter? Stealing is wrong, no matter the cause.
Tax cuts for all and stop the spending
As a small business owner what would make more impact is a universal healthcare act. That would immediately allow me to hire more people. The stuff that is being bandied about is peanuts.
I am a huge advocate for Universal Healthcare which is not necessarily Single Payor.
No two countries do Universal Healthcare the same way. Some mandate an employer contribution and some do not.
Some rely on public insurance while some rely entirely on private insurance. Most are a mixed bag.
All subsidize premiums for low / no income.
Not sure how Universal Healthcare would immediately allow you to hire more people.
Most employers add people to meet actual or expected demand for their product. Depending on the business, some employers find it more cost effective to invest in tech/ robotics than hiring more people.
Cut corporate rate to 15%, repatriation of overseas cash and middle class tax cuts are what we need. Don't try to pass "revenue neutral" crap that just means someone is paying more so someone can pay less. Guess who will pay less? The people with special interests that purchase politicians.
Most big businesses are not satisfied selling/ servicing their product to/ for just 5% of the world's population.
Ford Motor has had offshore plants for nearly 100 years. To compete , it's necessary to avoid shipping costs and import tariffs in the destination country.
Money follows business.
About 60% of GE's profit is offshore. Makes no sense for them to bring the $$$ home.
Just because a company chooses to hold money offshore to avoid taxation, does not mean the money is not available for investment in the US, when the opportunity exists.
There was a tax holiday designed to enable repatriation of foreign profits during the Bush years. The goal was to create US jobs. The opposite happened. Those that chose to take advantage of the holiday were more likely to use their money to buy back shares of company stock and in doing so, goose their market share.
Instead of focusing on the top US statutory tax rate, it's best to remain mindful of the rate corporations pay.
Where there is an inequity is that large corporations have more opportunities to pay a lower effective tax rate than a small business. Most small businesses are one man operations. They are more likely to rely on other small businesses for services.
Small businesses are substantially more likely to employ undocumented workers, the long time primary motivation for illegal immigration. No wall is high enough nor troops deep enough so long as US employers continue to hire undocumented people without much concern for consequences.
Yes, read the article before insulting people. A one time 5% tax on overseas cash will get it home
Then what? What specifically will multinationals do with repatriated profits?
Starbucks was on track to open about 700 new stores this year. Most of these stores are in Asia.
Does the US really need one more premium coffee shop?
Why should the rest of the world be denied the opportunity to buy fancy coffee drinks?
About 60% of GE's profit is from offshore operations. Bringing that money back to the US does not create US jobs.
Home offices can be operated anywhere in the world. Home office jobs are not income producing functions. Home office might be in Nebraska and outsources its accounting and IT functions to India.
One could park all their capital in Grand Cayman to avoid taxes. Does not mean One cent is invested in Grand Cayman, does it? Funds are used where there is the best ROI, at the moment.
You really think Koch is going to bring all their money back to the US and forgo offshore operations that must be performed in offshore locations to create jobs in the US?
Exactly -- we need tax reform to close loopholes. That's for corporations and individuals.
Warren Buffet is famous for saying his secretary pays more tax percentage wise than he does. That's because of tax loopholes.
Trump claims he will clean that up. I will reserve judgement. While I question his ability on many of the issues at the federal level, tax stuff I think he gets. i think he and his Trump Corp. staff have learned how to work the system. He knows the reality...there are all kinds of lops and dodges, etc.
For us middle of the road kind of folks -- not so much.
Trump can't do anything about the tax code. That's up to Congress.
Exactly -- we need tax reform to close loopholes. That's for corporations and individuals.
Warren Buffet is famous for saying his secretary pays more tax percentage wise than he does. That's because of tax loopholes.
Trump claims he will clean that up. I will reserve judgement. While I question his ability on many of the issues at the federal level, tax stuff I think he gets. i think he and his Trump Corp. staff have learned how to work the system. He knows the reality...there are all kinds of lops and dodges, etc.
For us middle of the road kind of folks -- not so much.
The perks of being the jobs czar.
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