The phrase "Corporate taxes in the U.S. are the highest in the world" is
one you hear repeated over and over. It is, however, not true. The U.S. has the
highest marginal corporate tax rates in the world, but if you compare effective
tax rates we are actually at the lower end of developed countries.The corporate tax code is incredibly complex and filled with all kinds of
loopholes that are no more than giveaways to favored congressional
"donors". Because of this, some companies do pay unfairly high taxes,
while other profitable companies pay little or notingIf we could
eliminate all these loopholes and giveaways, we could lower rates without
decreasing revenues, but the companies that benefit from them will fight tooth
and nail to keep them.
'Tax bills in 2009 at lowest level since 1950' - By Dennis Cauchon -
USA Today - 05/02/2010 And yet Republican Speaker of the House, John
Boehner says... John Boehner: If GOP Cuts Cause Federal Job Losses,
'So Be It' - Huffington Post - 02/15/11 If the Bush tax
cuts cause American job losses... 'so be it.'
Re: ". . . our progeny will look on us with disappointed eyes if
America's long-term economic strength is sacrificed at the altar of
short-sighted public policies."Indeed.Too bad
deranged tax-and-spend liberals of all political stripe are so short-sighted
that not a one has a creditable plan for doing anything other than continuing to
worship at that altar, dreaming up ever-more-expensive ways of buying their next
re-election with our money.
Too bad deranged tax-and-spend liberals of all political stripe are so
short-sighted that not a one has a creditable plan for doing anything other than
continuing to worship at that altar, dreaming up ever-more-expensive ways of
buying their next re-election with our money. - procuradorfiscal
Wow. Where to start. Regan tripled the national
debt. George W. Bush, doubled the national debt. Obama?
Has done neither. Good day.
Re: "Regan [sic] tripled the national debt."[Almost] true --
but liberal sophistry, nonetheless.In 8 Reagan years, national debt
increased $1.7T, to $5.1T, 51% of GDP -- primarily to replenish a military
hollowed out by Jimmy Carter's disarmament in the face of the enemy. By the
end of his administration, policies were in place to permit Clinton a
"surplus."Under Obama, national debt increased by about the
amount of the accumulation from Washington to Reagan [$5T] -- to $16.4T and 100%
of GDP. Because he's borrowing 40+% of what he's spending [$3.8T],
Obama's portion -- something north of $11.5T -- will double what he
inherited.But the BIG difference is percentage of GDP. It
hasn't been as high as it is now since WWII. And that took us 30 years to
crawl out from under.It's never, EVER been as high as it will
be [$24+T] by the end of a 2nd Obama term.If WWII took 30 years to
pay off, how long will it take us to pay off Obama's debt?
procuradorfiscalGreat answer to our pagan friend! An angle I
hadn't looked at.Some people are far more interested in
perpetuating lies and promoting their own agenda than they are in hearing or
speaking the truth. I am sure the double and triple lies will appear here in
quadruplicate repeatedly.May I quote you in future posts?Hopefully good and honest people will be interested in the truth and not duped
by worship rhetoric.
Re: "May I quote you in future posts?"Don't quote me --
I copy shamelessly from other credible, documented sources.Search
the internet, rather, for terms involving President Reagan tripling the national
debt and several good, documented sources will appear. Some feckless leftist
rhetoric will, also, but it's not too hard to tell the difference.Footnotes to primary sources are a good key.I share your hope that
honesty and common sense will ultimately prevail over disingenuous leftist
Don't quote me -- I copy shamelessly from other credible, documented
sources. - procuradorfiscal Do they have names? :)