Usa Thread

[Flashermac]

[Flashermac]

One Month to Go Until We Have the World's Highest Corporate Tax Rate

 

Just one month from today, Japan will lower their corporate income tax rate from 39.5 to 35 percent. When they do so, the United States will officially have the dubious distinction of possessing the highest corporate income tax rate in the developed world, a federal/state integrated rate of 39.2 percent.

 

To put that in perspective, the average in the developed world (OECD) is only 25 percent. Our six major trading partners--Canada, Mexico, the United Kingdom, Japan, Germany, and France--will all have a lower rate than we will have.

 

As a result, capital and jobs will continue to flow overseas, rather than staying here to create jobs, increase wages, fund pensions, invest in new business, or grow nest eggs.

 

President Obama last month proposed a plan to raise net taxes, but in the process lower the U.S. corporate rate to about 32 percent. That simply isn't worth it.

 

In exchange for a jobs-killing net tax hike, the Obama plan would still leave us with a tax rate higher than the OECD average, and higher than all our major trading partners except Japan and France. No thanks, Mr. President.

 

 

 

My link

 

 

[Flashermac]

George Will: Take Congress, not White House

 

Columnist George Will says the 2012 presidential looks like it might be a lost cause for Republicans and believes that the primary goal of conservatives should be to retain control of the House and win the Senate so Congress can restrain President Barack Obama while the GOP grooms its talent for 2016.

 

“Romney and Rick Santorum… are conservatives, although of strikingly different stripes. Neither, however, seems likely to be elected… If either is nominated, conservatives should vote for him,†Will writes in his upcoming Sunday column.

 

However, Will argues, that control of both house of Congress is more attainable and more important.

 

“[T]here would come a point when… conservatives turn their energies to a goal much more attainable than… electing Romney or Santorum president. It is the goal of retaining control of the House and winning control of the Senate.. [C]onservatives this year should have as their primary goal making sure Republicans wield all the gavels in Congress in 2013,†writes Will.

 

Will argues that a Republican-controlled Congress would be able to strongly oppose the president’s agenda.

 

“If Republicans do, their committee majorities will serve as fine-mesh filters, removing President Obama’s initiatives from the stream of legislation … [A] re-elected Obama — a lame duck at noon next Jan. 20 — would have a substantially reduced capacity to do harm,†he says.

 

Will asserts that the GOP has a group of capable candidates waiting in the wings.

“From Louisiana’s Gov. Bobby Jindal to Wisconsin’s Rep. Paul Ryan, Republicans have a rising generation of potential 2016 candidates. … [T]he presidency is not everything, and there will be another election in the next year divisible by four,†he says.

 

My link

 

 

 

[Steve]

First of all, I thought I read somewhere that Obama has proposed to lower the corporate to 28% and remove some loopholes to offset it. Second, the rate is meaningless even if it stays the same or even increases (not that I'm for that). The largest companies simply do not pay 39%, its in the teens when all is said and done after the loopholes. Any CEO of a major company who is paying 39% should be fired by its shareholders.

 

The problem are the loopholes. Also, the high rate is not the problem. Companies don't make their major decision with the tax rate being the main issue. Its very secondary or even tertiary. They want to make money now and worry about how to dodge the taxes later.

 

It seems like the Republicans really are writing this election off. Its difficult to gain seats against the tide of a President.

[Bangkoktraveler]

It should be interesting if Romney gets the nomination.

 

Can you imagine Romney debating Obamacare and Obama bringing up the point that Obamacare is based upon Romneycare?

[unit731]

Obama will easily get a 2nd term.

 

So get over it.

[Steve]

It was first thought in a general election, Romney would take Michigan being his father was Governor and he spent so much of his youth there. Now I hear this swing state saate could go to Obama.

All factors (economy, world events, domestic events) remaining the same, the last big wild card for Romney will be his running mate. The right person could make him viable. But who?

 

Jeb Bush would have made a good candidate at some point but his brother ruined the family name. He is fiscially conservate but doesn't have the social conservatism baggage his brother does. He'll put a vital swing state, Florida, into the Republican column, then all he has to do is work on Ohio and taking those two states would make him very, very difficult to beat.

[Flashermac]

Limbaugh hits a nerve

 

 

Lush is a pompous ass, but I like this one:

 

<< The talk radio host assured listeners that he doesn't hate women and asked his critics to lighten up.

 

At the hearing where Fluke originally spoke about the issue, she argued women should have free access to contraceptives, complaining that Georgetown, a Catholic university, won't cover it for her.

 

"Contraception can cost a woman over $3,000 during law school," she said. "For a lot of students like me who are on public interest scholarships, that's practically an entire summer's salary."

 

After her comments, Limbaugh lashed out on Wednesday, when the whole controversy began. "What does it say about the college co-ed Fluke, who goes before a congressional committee and essentially says she must be paid to have sex?" Limbaugh said. "What does that make her? It makes her a slut, right? It makes her a prostitute. She wants to be paid to have sex. She's having so much sex she can't afford the contraception."

 

Limbaugh later suggested that in exchange for contraceptives paid for by taxpayers, Fluke should produce a sex tape.

 

"If we are going to pay for your contraceptives and thus pay for you to have sex, we want something for it," Limbaugh said. "We want you to post the videos online so we can all watch." >>

 

 

So now the taxpayers are required to finance women's sex life? The Feds never gave me a penny when I was trying to get laid as a student.

 

Oh, yeah ... the Pres of the US had nothing better to do than take time to call Ms Flake and assure her of his support.

 

 

 

My link

[kamui]

So now the taxpayers are required to finance women's sex life? The Feds never gave me a penny when I was trying to get laid as a student.

 

Oh, yeah ... the Pres of the US had nothing better to do than take time to call Ms Flake and assure her of his support.

 

 

 

My link

 

First, it is election time. The contraception issue is playing into Obama's hand. The GOP is losing the young female electorate completely (except the right wing Christians of course). And now Obama is playing the hand the GOP and Limbaugh dealt to him.

Second, as far as I know, Viagra is being paid for. IMHO it is the same like paying for contraception.

Third paying the pill comes much cheaper for a state than paying for unwanted pregnancies, the which come with very high social costs.

 

It seems to me, that you Flash are moving very far right at the moment, if you agree to GOPs revitalized culture war.

[Steve]

Limbaugh is struggling to stay relevent. I don't agree we should be paying for contraceptive but Limbaugh went over my line for decency. Its free speech all around. If you public support a view on a public platform, you have to expect detractors.

 

I listened to Limbaugh years ago to see what the fuss was all about. I'm not impressed. It was plainly obvious to me he carved out a niche and was milking for what its worth.