Quote:
Originally Posted by Cerek
Uhm......I believe the Jobs bill does include tax breaks, just not for the mega-rich. I believe Obama said it offers tax breaks to the middle class and definitely offers tax breaks and incentives to small businesses.
That will help stimulate the economy, along with putting money into rebuilding our infrastructure. We've already seen that handouts to large corporations don't work because they just split the money among the top execs and take an extended work/getaway to pat themselves on the back for a job well done. I agree with Obama and Buffet that it's time for the ultra-rich to start paying a fairer percentage of their income in taxes.
|
Tax breaks to the almost non-existent middle class I support. Breaks to small business is good, if you can cajole and educate them into taking advantage of them. OFC I agree that more breaks to corporations don't work, since they are effectively paying about 50% of the taxes they paid prior to Bush.
And I OFC agree with Obama and Buffet that the ultra-rich should start paying more income tax, since they've had a 25+ year hiatus from the Reagan years.
Point of Interest: Since Bush (meaning W. Bush, Bush 43), corporate taxes are way low and the wealthy are paying way less. Both are WAY below Reagan era tax levels, so to hear the references candidates make these days to Reagan is laughable at best. It's just the Rich and their Shills trying to bilk you for more.
Want to know the REAL, the ACTUAL reason, we're having troubles? It's simple:
The only "candidate" to talk about this issue was Donald Trump, and I think he was the first to seriously address it since Ross Perot. Trump committed hara-kiri on the altar of the Birther movement, but the point about trade deficit is valid. We cannot continue, like we have for over 20 years, to allow the trade deficit we have with China. Sure, we need to work on India and other parts of Asia, too, but the point remains the same.