Interesting

jcp026 · 07-08-2012, 11:57 AM

I'm not "blaming" Bush for Medicare. I'm blaming him and congress for passing it without paying for it and for giving a handout to the pharmaceutical industry.

These things are irrelevant at this point. Let's talk about how to fix our problems. I'll start:

Both sides talk about getting rid of loopholes and taking the corporate tax rate down from 35% to 25-28%. That's ok with me but it won't do much to create jobs. We could do that and then say that if you (the corporation) create a certain number or percentage of jobs in this country, as opposed to elsewhere, then you can get you rate down from 28% to 18%. Then we can allow them to take advantage of a couple of breaks that we know work, like R&D and depreciation of equipment, and you can get your rate down to about 12.5%. That 12.5% would equal, I believe, Ireland as one of, if not the, lowest in the world. But 12.5% is the rock bottom. No refunds and no handouts to the corporations.

Your thoughts.

Crusader · 07-08-2012, 12:09 PM

Originally Posted by jcp026

I'm not "blaming" Bush for Medicare. I'm blaming him and congress for passing it without paying for it and for giving a handout to the pharmaceutical industry.

These things are irrelevant at this point. Let's talk about how to fix our problems. I'll start:

Both sides talk about getting rid of loopholes and taking the corporate tax rate down from 35% to 25-28%. That's ok with me but it won't do much to create jobs. We could do that and then say that if you (the corporation) create a certain number or percentage of jobs in this country, as opposed to elsewhere, then you can get you rate down from 28% to 18%. Then we can allow them to take advantage of a couple of breaks that we know work, like R&D and depreciation of equipment, and you can get your rate down to about 12.5%. That 12.5% would equal, I believe, Ireland as one of, if not the, lowest in the world. But 12.5% is the rock bottom. No refunds and no handouts to the corporations.

Your thoughts.

I believe you have to force companies to do something in return before you give them taxbreaks, otherwise that will just lead to increased profit which will go directly to owners/shareholders and thats not what the economy needs anywhere right now.

07-08-2012, 11:57 AM	#1
jcp026 500th Post Join Date: Mar 2010 Posts: 953	I'm not "blaming" Bush for Medicare. I'm blaming him and congress for passing it without paying for it and for giving a handout to the pharmaceutical industry. These things are irrelevant at this point. Let's talk about how to fix our problems. I'll start: Both sides talk about getting rid of loopholes and taking the corporate tax rate down from 35% to 25-28%. That's ok with me but it won't do much to create jobs. We could do that and then say that if you (the corporation) create a certain number or percentage of jobs in this country, as opposed to elsewhere, then you can get you rate down from 28% to 18%. Then we can allow them to take advantage of a couple of breaks that we know work, like R&D and depreciation of equipment, and you can get your rate down to about 12.5%. That 12.5% would equal, I believe, Ireland as one of, if not the, lowest in the world. But 12.5% is the rock bottom. No refunds and no handouts to the corporations. Your thoughts.
jcp026 500th Post Join Date: Mar 2010 Posts: 953

07-08-2012, 12:09 PM	#2
Crusader Resident Swede Join Date: Sep 2005 Location: Märsta, Sweden Posts: 8,033	Originally Posted by jcp026 I'm not "blaming" Bush for Medicare. I'm blaming him and congress for passing it without paying for it and for giving a handout to the pharmaceutical industry. These things are irrelevant at this point. Let's talk about how to fix our problems. I'll start: Both sides talk about getting rid of loopholes and taking the corporate tax rate down from 35% to 25-28%. That's ok with me but it won't do much to create jobs. We could do that and then say that if you (the corporation) create a certain number or percentage of jobs in this country, as opposed to elsewhere, then you can get you rate down from 28% to 18%. Then we can allow them to take advantage of a couple of breaks that we know work, like R&D and depreciation of equipment, and you can get your rate down to about 12.5%. That 12.5% would equal, I believe, Ireland as one of, if not the, lowest in the world. But 12.5% is the rock bottom. No refunds and no handouts to the corporations. Your thoughts. I believe you have to force companies to do something in return before you give them taxbreaks, otherwise that will just lead to increased profit which will go directly to owners/shareholders and thats not what the economy needs anywhere right now. jcp026 likes this.