Comments about ‘Dean Garfield: Don't risk job creation to cut the national deficit’

The phrase "Corporate taxes in the U.S. are the highest in the world" is one you hear repeated over and over. It is, however, not true. The U.S. has the highest marginal corporate tax rates in the world, but if you compare effective tax rates we are actually at the lower end of developed countries.

The corporate tax code is incredibly complex and filled with all kinds of loopholes that are no more than giveaways to favored congressional "donors". Because of this, some companies do pay unfairly high taxes, while other profitable companies pay little or noting

If we could eliminate all these loopholes and giveaways, we could lower rates without decreasing revenues, but the companies that benefit from them will fight tooth and nail to keep them.

'Tax bills in 2009 at lowest level since 1950' - By Dennis Cauchon - USA Today - 05/02/2010

And yet Republican Speaker of the House, John Boehner says...

John Boehner: If GOP Cuts Cause Federal Job Losses, 'So Be It' - Huffington Post - 02/15/11

If the Bush tax cuts cause American job losses...

'so be it.'

Re: ". . . our progeny will look on us with disappointed eyes if America's long-term economic strength is sacrificed at the altar of short-sighted public policies."

Indeed.

Too bad deranged tax-and-spend liberals of all political stripe are so short-sighted that not a one has a creditable plan for doing anything other than continuing to worship at that altar, dreaming up ever-more-expensive ways of buying their next re-election with our money.

Too bad deranged tax-and-spend liberals of all political stripe are so short-sighted that not a one has a creditable plan for doing anything other than continuing to worship at that altar, dreaming up ever-more-expensive ways of buying their next re-election with our money. - procuradorfiscal

Wow.

Where to start.

Regan tripled the national debt.

George W. Bush, doubled the national debt.

Obama? Has done neither.

Good day.

Re: "Regan [sic] tripled the national debt."

[Almost] true -- but liberal sophistry, nonetheless.

In 8 Reagan years, national debt increased $1.7T, to $5.1T, 51% of GDP -- primarily to replenish a military hollowed out by Jimmy Carter's disarmament in the face of the enemy. By the end of his administration, policies were in place to permit Clinton a "surplus."

Under Obama, national debt increased by about the amount of the accumulation from Washington to Reagan [$5T] -- to $16.4T and 100% of GDP. Because he's borrowing 40+% of what he's spending [$3.8T], Obama's portion -- something north of $11.5T -- will double what he inherited.

But the BIG difference is percentage of GDP. It hasn't been as high as it is now since WWII. And that took us 30 years to crawl out from under.

It's never, EVER been as high as it will be [$24+T] by the end of a 2nd Obama term.

If WWII took 30 years to pay off, how long will it take us to pay off Obama's debt?

procuradorfiscal

Great answer to our pagan friend! An angle I hadn't looked at.

Some people are far more interested in perpetuating lies and promoting their own agenda than they are in hearing or speaking the truth. I am sure the double and triple lies will appear here in quadruplicate repeatedly.

May I quote you in future posts?

Hopefully good and honest people will be interested in the truth and not duped by worship rhetoric.

Re: "May I quote you in future posts?"

Don't quote me -- I copy shamelessly from other credible, documented sources.

Search the internet, rather, for terms involving President Reagan tripling the national debt and several good, documented sources will appear. Some feckless leftist rhetoric will, also, but it's not too hard to tell the difference.

Footnotes to primary sources are a good key.

I share your hope that honesty and common sense will ultimately prevail over disingenuous leftist blather.

Don't quote me -- I copy shamelessly from other credible, documented sources. - procuradorfiscal

Do they have names? :)