Why tax corporations more? They just pass it on to their customers and it hurts their competitiveness
It also suppresses wages and limits head count and expansion.
Government employees like Ern have no understanding of how many small corporations exist, and how many of us run a strict budget and forecast our year based on line items and projected profit.
Also, tax more for what, exactly? More condoms and pamphlets for the Big Dawg Fan in Mozambique who is whining that his 10-year vacation is ending? If those things actually happened, which is doubtful. Likely just straight laundering.
Taken together, the Bush tax cuts, their bipartisan extensions, and the Trump tax cuts, have cost $10 trillion since their creation and are responsible for 57 percent of the increase in the debt ratio since then. They are responsible for more than 90 percent of the increase in the debt ratio if you exclude the one-time costs for responding to COVID-19 and the Great Recession. While these one-time costs increased the level of debt, they did nothing to affect the trajectory of the debt ratio. With or without them, the United States would currently have stable debt, albeit potentially at a higher level, despite rising spending.28 In other words, these legislative changes—the Bush and Trump tax cuts—are responsible for more than 90 percent of the change in the trajectory of the debt ratio to date (see Figure 3) and will grow to be responsible for more than 100 percent of the debt ratio increase in the future. They are thus entirely responsible for the fiscal gap—the magnitude of the reduction in the primary deficit needed to stabilize the debt ratio over the long run.
“If you just came to yell, I can leave.” Bentz told the audience.
He pointed out that many of his colleagues are not even holding town halls.
“I’m here to try and speak with you,” he said. “You should be here to speak with me.”
Those in attendance who wanted to officially address Bentz were given a ticket when entering the theater. Tickets were drawn at random.
Over the course of the afternoon audience members kept coming back to two key issues — “Power of the Purse” and the downsizing of the federal government.
Congress is invested with the “power of the purse” meaning that it has the ability to tax and spend public money for the national government. Many members of the audience expressed their concern that Trump usurped this power from Congress.
Bentz responded that Trump is making sure government agencies are “doing what they are meant to be doing” and working to reduce spending. He added the president is trying to make sure the nation doesn’t “go broke.”
“I’m perfectly happy with our president doing his best to exercise his legal power,” Bentz said.
Comments
Why tax corporations more? They just pass it on to their customers and it hurts their competitiveness
Why tax corporations more? They just pass it on to their customers and it hurts their competitiveness
It also suppresses wages and limits head count and expansion.
Government employees like Ern have no understanding of how many small corporations exist, and how many of us run a strict budget and forecast our year based on line items and projected profit.
Also, tax more for what, exactly? More condoms and pamphlets for the Big Dawg Fan in Mozambique who is whining that his 10-year vacation is ending? If those things actually happened, which is doubtful. Likely just straight laundering.
https://www.americanprogress.org/article/tax-cuts-are-primarily-responsible-for-the-increasing-debt-ratio/
Taken together, the Bush tax cuts, their bipartisan extensions, and the Trump tax cuts, have cost $10 trillion since their creation and are responsible for 57 percent of the increase in the debt ratio since then. They are responsible for more than 90 percent of the increase in the debt ratio if you exclude the one-time costs for responding to COVID-19 and the Great Recession. While these one-time costs increased the level of debt, they did nothing to affect the trajectory of the debt ratio. With or without them, the United States would currently have stable debt, albeit potentially at a higher level, despite rising spending.28 In other words, these legislative changes—the Bush and Trump tax cuts—are responsible for more than 90 percent of the change in the trajectory of the debt ratio to date (see Figure 3) and will grow to be responsible for more than 100 percent of the debt ratio increase in the future. They are thus entirely responsible for the fiscal gap—the magnitude of the reduction in the primary deficit needed to stabilize the debt ratio over the long run.
“If you just came to yell, I can leave.” Bentz told the audience.
He pointed out that many of his colleagues are not even holding town halls.
“I’m here to try and speak with you,” he said. “You should be here to speak with me.”
Those in attendance who wanted to officially address Bentz were given a ticket when entering the theater. Tickets were drawn at random.
Over the course of the afternoon audience members kept coming back to two key issues — “Power of the Purse” and the downsizing of the federal government.
Congress is invested with the “power of the purse” meaning that it has the ability to tax and spend public money for the national government. Many members of the audience expressed their concern that Trump usurped this power from Congress.
Bentz responded that Trump is making sure government agencies are “doing what they are meant to be doing” and working to reduce spending. He added the president is trying to make sure the nation doesn’t “go broke.”
“I’m perfectly happy with our president doing his best to exercise his legal power,” Bentz said.
https://www.reddit.com/r/oregon/comments/1iubon1/seven_hours_later_i_arrive_at_my_congressmans/
Democrats go to town hall to yell at their GOP representative.
Huge story, Ern. And, it’s posted on Reddit, so it must be completely objective and nonpartisan.