I'm not sure what Mr. Walker's ideology is, but he is handicapped as
are Messrs Obama and Romney because all lack a socialist perspective (and no,
you right wingers Obama is no socialist). If a socialist perspective were
present we would have direct Federal government employment, like the CCC, PWA,
WPA (which did a lot of real work BTW). We wouldn't have a real
unemployment rate of 16%.
Romney promises to balance the budget while cutting taxes and increasing
defense spending. He says he will cut other spending, but has offered precious
few specifics. President Obama's fiscal plan is highly disappointing, but
at least it's not anti-math.
The problem with those who keep demanding that tax rates be raised is that they
refuse to look at history. Raising the tax rate DECREASES revenues to the
government. Lowering tax rates INCREASES revenues to the government. When tax rates are low AND when the government removes restrictions on
business, more people have jobs. When more people have jobs, more people pay
income taxes. When more people pay income taxes, more revenue flows into the
government AND less money flows out to pay for unemployment - a double
benefit.People work harder when they get to keep more of the money
that they earn. People invest in businesses when they get to keep more of the
profits from those businesses. Businesses hire more people when the business is
profitable.Foolish people keep telling us that tax rates need to be
raised. Those people have never run a business. Those people have never risked
their money in a business and then had the government take their profits. Only fools would expand their businesses and hire workers if they knew
that the government would tax away their profits.
@MikeRichardsThen why haven't the Bush tax cuts created more jobs?
Why did revenue drop 4 straight years from 2002 to 2006(citizens for tax
justice) even though the economy was booming? What your advocating is like
getting into major credit card debt, cutting out all the fat in your
budget(cable, fast food etc) but then going part time at your job. Nobody wants
to say this, and neither major candidate will do it. But realistically we need
to cut services and increase taxes, and reform the tax code to make it more
"Lowering tax rates INCREASES revenues to the government."...the issue
is compared to what? The economy isn't static and while lowering tax rates
may increase actual dollars..it absolutely lowers revenues in comparison to what
would have been collected if the rates had not decreased. Even the
Heritage foundation economists admit that the Bush tax cuts contributed
377billion to lost revenues in the early 2000's. There point in fact is
that it "only" contributed 377 billion. Increased revenues
during the Regan tax cuts..also a myth. Income tax revenues decreased. Overall
tax revenues increased but that was because tax revenues from taxes that had
nothing to do with the decreases increased. Side note..when the
government decreases restrictions on conpanies more people have jobs is an
absolute nonsequetor. When government reduces restrictions on companies the
only thing that will happen for sure is the company makes more money. The claim
that leads to more jobs..not true..it could..it just doesn't neccessarily.
giving specific details on plans is a sure-fire way to lose and election. A
candidate has to leave wiggle-room on all issues or the are toast.
For the last 47 weeks the Bureau of Labor Statistics has "revised" the
unemployment figures upward shortly after releasing the initial values. That has
allowed the administration to claim an improving employment situation when
comparing new figures against the previously revised number. Using BLS figures,
the percentage of Americans employed has consistently dropped to below 60%, a
figure for more significant than the fudged unemployment number and worse than
any percentage under Clinton or Bush.
Truth? What's that?
All right, instead of simply stating that higher taxes will bring in more
revenue, why not show how many companies MOVED production off-shore when Federal
and State taxes made on-shore production too expensive.Walk through
your own house. Look at your appliances. Look at your tools. Look in your
garage. Look in your dresser. Look in your closet. Look in your kitchen. Look
in your bathroom. I'm looking at an Asus monitor, using a
Logitech keyboard and mouse, on a MSI driven computer. My router is Mikrotik
from Latvia. My switch is made in China. My KVM is made in China. My cell
phone is made in China. My watch is made in China. My Laserprinter is made in
China. My stapler is made in China. My surge protector is made in China. The
blinds in my window are made in China.The only item that I have that
I know was made in America is my walker.Why did all of those
companies move off-shore? Why can American companies NOT afford to produce the
every-day items that we all need?Follow the money. Look at tax
rates - off-shore.Do the math!
Mike, by "offshore" are you referring to Mitt's tax-dodging
Romney = BushAnd we say how well that turned out.No
To Mike Richards: Production moved to China so companies can pay workers 40
cents an hour. Now it's moving to Vietnam so they can pay workers 30 cents
an hour. Maybe if we all offer to work for 20 cents an hour, the jobs will come
back here.U.S. taxes are just about the lowest in the developed
world. Production did not leave due to taxes.
@RolandBut if we agreed to work for $.15 an hour than the unemployment in
this country would drop significantly!
There is no real difference between Obama and Romney. Their policies are exactly
the same. Mitts policies as governor were the same as Obamas a president. Why do
people like Romney? What is it that he's done while in office as governor
that will make people vote for him? It certainly isn't job creation which
fell 47% while he was governor. He won't repeal a healthcare bill that he
wrote. What make you think he will do that? Obama supporters are just as duped
Roland,Have you ever run a business?Do you know what it's
like to pay an employee $10 an hour and pay the government $35 an hour? At
least the employee does something that profits the business directly. All the
government does is take without providing value.Businesses leave
America because of government taxes and government regulations, not just because
of lower pay rates. Don't you know how much it costs to hire translators,
extra supervisors, and frequent quality control trips? Taxes make it necessary.
@Mike Richards"Lowering tax rates INCREASES revenues to the
government. "Revenues fell after the bush tax cuts and the
non-partisan experts in the CBO have repeatedly scored the bush tax cuts as
increasing the deficit by a couple trillion dollars the past 10 years due to
declining revenue. I'd love for lower taxes to increase revenue. I'd
be able to pay less in taxes, and the gov't would get to spend more or
we'd get a lower deficit, but unfortunately that's too good to be true
and there's that saying about things too good to be true... it's not
true. "Businesses hire more people when the business is
profitable."Not quite, they also need the demand to be there.
They won't hire more people just because there's more profit if
there's no reason. After all corporate profits have been at record levels
the last few years but jobs are... well, increasing fairly slowly.
Mr. Walker makes a the mistake like many commenting on the article that a raise
in tax rates equals a raise in tax revenue. This is simply no the truth and it
can be shown by what is happening Greece, which has basically followed what Mr.
Walker has suggested. Greece reduced spending and raise taxes. What happened
revenues to the government have gone down to the lowest level in 20 years. So
much so that the country has not been able to meet its targets. Raising taxes
increases the infrastructure cost of a business making in more expensive to be
productive and to compete, which for many means they simply close their doors
adding to those requesting handouts from Marist's socialists panders.
And, Roland, please the US tax on corporations is among the highest in the
developed world. Further, when all taxes are considered Federal, State, Local,
and special districts the US citizen is in the top ten highest taxed in the
Re:HelloDon't know where to start.First, U.S.
citizens are not in the top 10 of highest taxed in the world, not even close.Second, while the U.S. statutory corporate rate is one of the highest,
numerous loopholes result in the U.S. ranked 6th. Germany, Italy and Japan have
higher effective tax rates.High unemployment in Greece results in
decreased revenues. When people don't have jobs, they don't pay
taxes.Revenue typically increases year to year due to increases in
population, inflation etc. However, tax cuts reduce long term revenue, ie
revenue is lower than it would've been without the tax cuts.
%Mike Richards; You state: Do you know what it's like to pay an employee
$10 an hour and pay the government $35 an hour? At least the employee does
something that profits the business directly. All the government does is take
without providing value.You present a very self centered view of
business and life. Taxes are the price of civilization. You and your business
recieve value in all the public and government programs that provide the
services necassary for your success: roads, police, navy, interstate commerce,
etc. etc. Taxes are not the crux of the problem; the problem is the waste and
corruption in the collection and spending of taxes and in the wate and
corruption in management of government and business. In other words: the
problem is the self centered nature of greed and corruption.
So far, President Obama has done so. Rommey has not . . . as usual. romney
cares only to enrichen the rich. Obama acts to provide for all of us. As
betwen the two of them, Romney comes up sorely lacking.
Somebody said ASUS moved to China taking their jobs? ASUS is a Chinese company
so they did not have to move far and they use USA made chips and processors on
their boards.Actually 79% of the items we use in this country are
manufactured in USA.Higher taxes have shown that companies tend not
to take profits out of the company but rather invest them back into the company
in people and equipment, thus avoiding the higher taxes. When taxes
are low the profits are more likely to be stripped from the company and put in
owners pockets, not building business or employment.