@happyvalleyOne problem with this bill is is raises taxes on S
Corp's and LLC's which are small businesses. I am a part owner in an LLC small
business and if this goes through it will take our business down, but then it
will only effect about 20 workers so I am sure it will be OK correct?What needs to happen is ALL citizens need to pay their fair share. 50% or
Americans pay NO income taxes whatsoever. How about EVERYBODY pay a flat 15%
after all I am sure those who pay nothing still benefit from every road, the
military etc. This bill will absolutely put the last nail in the coffin of the
patriot:obamafanatics choose not to read anything that their boy doesn't
want them to read.
Sadly, this tax plan ignores reality. Blue collar jobs are disappearing. Trying
desperately to save manufacturing is a skilled political move, but that's not
where the economy is headed. The jobs landscape is moving toward highly skilled
companies such as biotech. Punishing them won't help the economy.
Re: PatriotI couldn't agree with you more. I am Mitt Romney's
Obama's corporate tax overhaul sounds like a total disaster just waiting to
happen!How can they possibly reduce all loopholes completely? Can't wait
to hear what MittRomney has to say about this!
re:CapriceI can guarantee you one thing - Romney won't raise taxes
on ANY segment of our stagnant economy - he actually 'understands' how
capitalism works unlike the rookie in the White House...
It will be interesting to see what Mitt Romney has to reveal about his tax
reform plan which he plans to talk about later this week.
re:Happy Valley HereticDid you not read about all the TAX INCREASES
in the bill?? Obama can't do anything without jacking up taxes - his far left
puppet masters demand it!! If Obama was actually serious about jump starting his
dead economy he would cut taxes across the board and not play political games
and election year posturing. Also - did you not read the comments of
Senator Hatch about the plan having NO details at all - just high level murky
generalities. Hmmm, sounds like every other bill the man puts forth (Obamacare
for instance). The devil is in the details....
More smoke and mirrors economic from Obama! Cut taxes a tiny bit on some
insignificant and "lucky" corporations and raise them big time on most
corporations, who incidently already pay some of the higest corporate taxes in
the world. More jobs will go overseas, higher unemployment and American
companies will be less able to compete with forgeign companies and there goes
our tax base! Made in China anyone?
"Not all companies would benefit from Obama's tax plan. Drug, Internet and
biotech companies would pay much higher taxes than they do under the current tax
system"Also oil and gas companies would get their taxes jacked
up as well!!Obama just can't get himself to NOT raise taxes on
somebody. One step forward and two steps backwards. I mean - every time the man
proposes ANYTHING positive you can count on a BIG negative being thrown in -
usually a BIG tax increase. This is SOOOOOO predictable!! Now you
can bet that the lap dog media will not say a WORD about the big tax increases -
just the cuts. Same ole same ole.....We simply need a new president
who doesn't feel compelled to play political games for every single thing he
does. This man is JOKE!!!!
Republican will never accept it.1. Their number one job is to vote against
anything Obama proposes, never mind the people.2. Corporations want both
loop holes and the tax break not reform.