The truth is that nobody has all the answers to our current economic problems.
But to believe Republicans lately requires us to forget the successful history
of Democratic presidents and to ignore the failure of the most recent Republican
president. It was George W. Bush, after all, who squandered the Clinton
surpluses, ran up the biggest deficits in history and doubled the national debt.
Every time republicans get in office it becomes fashionable to be
Republicans love to brag about the Reagan economy, but it is nothing in
comparison to Bill Clinton's record. The U.S. economy created 21 million
new jobs in the Clinton administration. That's more than the last three
Republican presidents, including Ronald Reagan, combined. And despite the GOP
argument that the Republican Congress deserves credit for the Clinton economy,
the truth is that seven million of those jobs were created in the first two
years when Democrats, in control of both houses of Congress and the White House,
raised taxes with virtually no Republican support! NO REPUBLICAN SUPPORT! Does
that sound like today.
Republicans love to talk about balancing the federal budget...when somebody else
is in charge of it. But during eight years of the Bush administration, we hardly
heard a whimper from Republicans about balanced budgets, even as Democrats
complained about the huge cost of fighting two wars and cutting taxes.The truth is that no Republican president in my lifetime has ever balanced the
budget. But the Democrats have balanced the budget five times during the same
time span. Clinton did it four times and Lyndon Johnson did it once. The last
Republican president to balance the budget was Eisenhower. Now read this
five more times till it sinks in. I know this is painful for Conservatives but
fact is fact.
History proves that tax cuts don't work.........In 1929, Herbert Hoover cut
marginal tax rates to the lowest level in modern history (24 percent) and the
economy still collapsed. In 1982, Ronald Reagan slashed taxes to the lowest
level in 50 years and, in return, unemployment soared to the highest level in 50
years. In 2001 and 2003, George Bush cut taxes twice and yet unemployment rose
to 6 percent. And that's to say nothing of the 2.6 million jobs lost in the
final year of the Bush administration. and more to come.
Hey statman - “Fact of the matter is, corporate taxes each year are far
less than the DearLeader spent on his failed stimulus packages.” I don’t recall any “failed” stimulus package.“ . . . make the low tax rate applicable only to companies whose
employee growth increases year after year by X%.”Oh, so
you’re going to mandate that the government controls the means of
production.That’s textbook Socialism . . . And nonsense.And it would remove the very flexibility that makes Capitalism such a
powerful and effective force for good.Perhaps, you might want to
reconsider your suggestion? . . Or do want us to become the world’s only
Communist superpower?I bet you vote Republican don’t you?
"Corporate tax returns should be public"In a way, that seems
reasonable. In other ways . . . not so much.If a corporation's
tax returns are public, that means its competitors will have access to them as
well, and from that, might be able to guess corporate strategies . . . while
taking countermeasures.That would mean that American corporations
would be at more of a competitive disadvantage compared to foreign-based
corporate competitors, who don't have to reveal their tax returns . . . And
we don't want that, do we?It would be best to do all the due
diligence first before concluding that "Corporate tax returns should be
95% of the tax code is used by 1% of the population. The lobbyists and
lawyers for various corporations write the laws, then bribe a politician, to
codify it for them.Who's in charge? Those who can afford to
game the system.
All tax returns are such a waste of money, time and effort. It is time to bite
the bullet and go with a different tax like a national sales tax or a
consumption tax. It is simple, if we really want to but it we know the price
going in.This will never happen though because it makes to much sense and
lobbyists and congressmen would lose whatever clout they had.
Most of us don't understand our own tax return. Corporate tax returns
would make no sense to anyone.
What?!And expose the REAL Gadianton Robbers who manage and contol our
How about a simpler corporate tax solution. Throw corporate taxes - ALL
corporate taxes - out the window, and tax individuals as they profit from their
holdings of corporate assets as they come in. Fact of the matter is, corporate
taxes each year are far less than the DearLeader spent on his failed stimulus
packages. To increase the benefit - make the low tax rate applicable only to
companies whose employee growth increases year after year by X%. Companies
would suddenly find it dramatically in their interest to hire employees. US
companies would suddenly become among the most competitive in the world. And
thousands of tax attorneys and finance wonks would have to find other means of
High school fan, corporations tend to follow the laws that their lobbyists help
put in place. Don't forget who really owns the United States of America,
and it is not you or I.
Corporate tax returns should be public because corporations are creatures of the
state through incorporation. Corporations are allowed very special privileges
contingent on their behavior, hence our right to know. Corporations are not
And while we're at it let's require all tax-exempt organizations to
publish their financial statements.
Corporations should not have their taxes released any more than you or I should.
Corporations, for the most part, follow the law and they did not make the tax
code. It is not a sin to take all deductions that are available to them.If we really want to do things right we would completely overhaul the tax code
so that it makes sense rather than the garbage we have.