Comments about ‘Obama and Romney should speak truth on nation's fiscal issues’

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Published: Friday, May 25 2012 12:00 a.m. MDT

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marxist
Salt Lake City, UT

I'm not sure what Mr. Walker's ideology is, but he is handicapped as are Messrs Obama and Romney because all lack a socialist perspective (and no, you right wingers Obama is no socialist). If a socialist perspective were present we would have direct Federal government employment, like the CCC, PWA, WPA (which did a lot of real work BTW). We wouldn't have a real unemployment rate of 16%.

Roland Kayser
Cottonwood Heights, UT

Romney promises to balance the budget while cutting taxes and increasing defense spending. He says he will cut other spending, but has offered precious few specifics. President Obama's fiscal plan is highly disappointing, but at least it's not anti-math.

Mike Richards
South Jordan, Utah

The problem with those who keep demanding that tax rates be raised is that they refuse to look at history. Raising the tax rate DECREASES revenues to the government. Lowering tax rates INCREASES revenues to the government.

When tax rates are low AND when the government removes restrictions on business, more people have jobs. When more people have jobs, more people pay income taxes. When more people pay income taxes, more revenue flows into the government AND less money flows out to pay for unemployment - a double benefit.

People work harder when they get to keep more of the money that they earn. People invest in businesses when they get to keep more of the profits from those businesses. Businesses hire more people when the business is profitable.

Foolish people keep telling us that tax rates need to be raised. Those people have never run a business. Those people have never risked their money in a business and then had the government take their profits.

Only fools would expand their businesses and hire workers if they knew that the government would tax away their profits.

Noodlekaboodle
Salt Lake City, UT

@MikeRichards
Then why haven't the Bush tax cuts created more jobs? Why did revenue drop 4 straight years from 2002 to 2006(citizens for tax justice) even though the economy was booming? What your advocating is like getting into major credit card debt, cutting out all the fat in your budget(cable, fast food etc) but then going part time at your job. Nobody wants to say this, and neither major candidate will do it. But realistically we need to cut services and increase taxes, and reform the tax code to make it more simple.

pragmatistferlife
salt lake city, utah

"Lowering tax rates INCREASES revenues to the government."...the issue is compared to what? The economy isn't static and while lowering tax rates may increase actual dollars..it absolutely lowers revenues in comparison to what would have been collected if the rates had not decreased.

Even the Heritage foundation economists admit that the Bush tax cuts contributed 377billion to lost revenues in the early 2000's. There point in fact is that it "only" contributed 377 billion.

Increased revenues during the Regan tax cuts..also a myth. Income tax revenues decreased. Overall tax revenues increased but that was because tax revenues from taxes that had nothing to do with the decreases increased.

Side note..when the government decreases restrictions on conpanies more people have jobs is an absolute nonsequetor. When government reduces restrictions on companies the only thing that will happen for sure is the company makes more money. The claim that leads to more jobs..not true..it could..it just doesn't neccessarily.

KDave
Moab, UT

giving specific details on plans is a sure-fire way to lose and election. A candidate has to leave wiggle-room on all issues or the are toast.

4601
Salt Lake City, UT

For the last 47 weeks the Bureau of Labor Statistics has "revised" the unemployment figures upward shortly after releasing the initial values. That has allowed the administration to claim an improving employment situation when comparing new figures against the previously revised number. Using BLS figures, the percentage of Americans employed has consistently dropped to below 60%, a figure for more significant than the fudged unemployment number and worse than any percentage under Clinton or Bush.

one old man
Ogden, UT

Truth? What's that?

Mike Richards
South Jordan, Utah

All right, instead of simply stating that higher taxes will bring in more revenue, why not show how many companies MOVED production off-shore when Federal and State taxes made on-shore production too expensive.

Walk through your own house. Look at your appliances. Look at your tools. Look in your garage. Look in your dresser. Look in your closet. Look in your kitchen. Look in your bathroom.

I'm looking at an Asus monitor, using a Logitech keyboard and mouse, on a MSI driven computer. My router is Mikrotik from Latvia. My switch is made in China. My KVM is made in China. My cell phone is made in China. My watch is made in China. My Laserprinter is made in China. My stapler is made in China. My surge protector is made in China. The blinds in my window are made in China.

The only item that I have that I know was made in America is my walker.

Why did all of those companies move off-shore? Why can American companies NOT afford to produce the every-day items that we all need?

Follow the money. Look at tax rates - off-shore.

Do the math!

one old man
Ogden, UT

Mike, by "offshore" are you referring to Mitt's tax-dodging accounts?

Bebyebe
UUU, UT

Romney = Bush

And we say how well that turned out.

No thanks Mitt,

Roland Kayser
Cottonwood Heights, UT

To Mike Richards: Production moved to China so companies can pay workers 40 cents an hour. Now it's moving to Vietnam so they can pay workers 30 cents an hour. Maybe if we all offer to work for 20 cents an hour, the jobs will come back here.

U.S. taxes are just about the lowest in the developed world. Production did not leave due to taxes.

Noodlekaboodle
Salt Lake City, UT

@Roland
But if we agreed to work for $.15 an hour than the unemployment in this country would drop significantly!

Anti Bush-Obama
Washington, DC

There is no real difference between Obama and Romney. Their policies are exactly the same. Mitts policies as governor were the same as Obamas a president. Why do people like Romney? What is it that he's done while in office as governor that will make people vote for him? It certainly isn't job creation which fell 47% while he was governor. He won't repeal a healthcare bill that he wrote. What make you think he will do that? Obama supporters are just as duped and foolish.

Mike Richards
South Jordan, Utah

Roland,
Have you ever run a business?

Do you know what it's like to pay an employee $10 an hour and pay the government $35 an hour? At least the employee does something that profits the business directly. All the government does is take without providing value.

Businesses leave America because of government taxes and government regulations, not just because of lower pay rates. Don't you know how much it costs to hire translators, extra supervisors, and frequent quality control trips? Taxes make it necessary.

atl134
Salt Lake City, UT

@Mike Richards
"Lowering tax rates INCREASES revenues to the government. "

Revenues fell after the bush tax cuts and the non-partisan experts in the CBO have repeatedly scored the bush tax cuts as increasing the deficit by a couple trillion dollars the past 10 years due to declining revenue. I'd love for lower taxes to increase revenue. I'd be able to pay less in taxes, and the gov't would get to spend more or we'd get a lower deficit, but unfortunately that's too good to be true and there's that saying about things too good to be true... it's not true.

"Businesses hire more people when the business is profitable."

Not quite, they also need the demand to be there. They won't hire more people just because there's more profit if there's no reason. After all corporate profits have been at record levels the last few years but jobs are... well, increasing fairly slowly.

Hellooo
Salt Lake City, UT

Mr. Walker makes a the mistake like many commenting on the article that a raise in tax rates equals a raise in tax revenue. This is simply no the truth and it can be shown by what is happening Greece, which has basically followed what Mr. Walker has suggested. Greece reduced spending and raise taxes. What happened revenues to the government have gone down to the lowest level in 20 years. So much so that the country has not been able to meet its targets. Raising taxes increases the infrastructure cost of a business making in more expensive to be productive and to compete, which for many means they simply close their doors adding to those requesting handouts from Marist's socialists panders. And, Roland, please the US tax on corporations is among the highest in the developed world. Further, when all taxes are considered Federal, State, Local, and special districts the US citizen is in the top ten highest taxed in the developed world.

Truthseeker
SLO, CA

Re:Hello

Don't know where to start.

First, U.S. citizens are not in the top 10 of highest taxed in the world, not even close.

Second, while the U.S. statutory corporate rate is one of the highest, numerous loopholes result in the U.S. ranked 6th. Germany, Italy and Japan have higher effective tax rates.

High unemployment in Greece results in decreased revenues. When people don't have jobs, they don't pay taxes.

Revenue typically increases year to year due to increases in population, inflation etc. However, tax cuts reduce long term revenue, ie revenue is lower than it would've been without the tax cuts.

skeptic
Phoenix, AZ

%Mike Richards; You state: Do you know what it's like to pay an employee $10 an hour and pay the government $35 an hour? At least the employee does something that profits the business directly. All the government does is take without providing value.

You present a very self centered view of business and life. Taxes are the price of civilization. You and your business recieve value in all the public and government programs that provide the services necassary for your success: roads, police, navy, interstate commerce, etc. etc. Taxes are not the crux of the problem; the problem is the waste and corruption in the collection and spending of taxes and in the wate and corruption in management of government and business. In other words: the problem is the self centered nature of greed and corruption.

Furry1993
Clearfield, UT

So far, President Obama has done so. Rommey has not . . . as usual. romney cares only to enrichen the rich. Obama acts to provide for all of us. As betwen the two of them, Romney comes up sorely lacking.

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