A short-term immediate plan for growth.

[mercury14]

1. Repatriate the overseas profits, at a corporate tax rate that can be haggled downward between the Right, Center, and Left.

This will create zero jobs and almost zero growth. The problem is not profits. Companies are very profitable right now which is why the stock market is at 11k and not 6900 anymore. They're sitting on mountains of cash and still not hiring. Making their mountain even bigger still wont give them a reason to hire.

Even the Heritage Foundation is arguing against it.

http://blogs.wsj.com/economics/2011/10/03/heritage-repatriation-tax-holiday-wont-create-jobs/

 

[unregistered]

 

[Sean Renaud]

No shit, since the primary purpose of a corporation is to reward it's investors, not to provide jobs. They have no duty to create jobs, like liberals believe.

Exactly. Which is all the more reason to tax them because they're goal isn't to provide their goal is to get everything they can and sit on it. It's stupid to let that continue.

 

[NeverEndingMe]

This will create zero jobs and almost zero growth. The problem is not profits. Companies are very profitable right now which is why the stock market is at 11k and not 6900 anymore. They're sitting on mountains of cash and still not hiring. Making their mountain even bigger still wont give them a reason to hire.

Even the Heritage Foundation is arguing against it.

http://blogs.wsj.com/economics/2011/10/03/heritage-repatriation-tax-holiday-wont-create-jobs/

#1 issue for the 0-bama. lower corporate income tax.
#2 kill obama care - its a cluster fuck in waiting

I agree and "taxing" more isn't going to provide incentive for companies to spend. CEO's are paying obama care gets killed, if not, they will not hire till they know how badly this will costs them. also their fear the uncertainty of obama regulations and what new taxes. until the fucktard obama puts his cards down on the table, we will be in a shit economy

 

[NeverEndingMe]

No shit, since the primary purpose of a corporation is to reward it's investors, not to provide jobs. They have no duty to create jobs, like liberals believe.

there is no incentive to take a risk. why expand? there is no ROI, and with all the uncertainty with obama/reid - ceo's will just wait this out and do the min to keep investors happy. that means expanding over seas and outsourcing

also move assets will be moved overseas to escape 0-bama's greed. why pay 35% corporate income tax when you can move that part of your business over seas and pay 15%

something 0-bama supporters don't get (since none of them have any business experience)

 

[islandman]

No shit, since the primary purpose of a corporation is to reward it's investors, not to provide jobs. They have no duty to create jobs, like liberals believe.

Incorrect, but funny nonetheless.

 

[NeverEndingMe]

Boeing must have the right to build a plant where ever they want to. if the union doesn't like it, well those fucktards can find a job at Wal Mart

its a disgrace to see how the obama regime has dealt with this matter

Since DC is stymied, President Obama is playing demagogue, Harry Reid is blocking his own President's jobs bill, and the jobless rate has grown yet again, let's consider some practical steps that, hopefully, can meet bi-partisan support and unleash the private sector. I have my doubts about bi-partisanship here, but right now, we need immediate solutions that make common sense.

1. Repatriate the overseas profits, at a corporate tax rate that can be haggled downward between the Right, Center, and Left.
2. Let Boeing expand, on a 2 to 1 basis, two non-union factories for every union factory that it builds. The non-union plants will help offset the high overhead of the union factories. Let other companies do the same thing.
3. Lower the corporate rate to a mutually acceptable, but still much lower rate, while eliminating all subsidies and loopholes in the tax code.
4. Ratify free-trade agreements with key members of the EU, which will give them more options, in preparation for the likely collapse of the EU. Great Britain, Ireland, Germany, Italy, and many of the former Soviet Bloc nations could be helpful, just for example. I doubt that the French, of course, will go for it, given their protectionist leanings. Ratify a free-trade agreement with India that improves our access to the Indian market and improves our relationship with that large and populous republic. We need to accept that India is thankfully no longer the Indira Gandhi-style socialist, anti-American state that it used to be. Ratify a free-trade agreement with Taiwan.
5. Negotiate in a tough, but fair and respectful manner the differences with China, from debt to trade deficit to intellectual property to the currency. Don't surrender, but don't walk away. Keep talking until there is a breakthrough. Stand firm, but keep haggling.
6. Negotiate a free-trade agreement with Russia. They could be a missing trade partner that we haven't really considered, under the circumstances.
7. Repeal Helms-Burton and end the damn embargo against Cuba. It's time. We can work on a compensation deal for the companies that lost property, of course, but free-trade with Cuba would allow us to benefit from revenue, access to the Cuban market (as it is sluggishly beginning to emerge), and the opportunity to accelerate the pace of market reforms in that country. Think of the missing revenue from import duties on Havana cigars.
8. End the war on drugs. We can balance the budget tomorrow, if we don't have to imprison 2 million people under mandatory minimum sentences for non-violent offenses related to drugs. Legalize, decriminalize, commute sentences, and grant sweeping amnesty to those who have committed no violent offenses in the process of their drug trafficking. Impose a federal excise tax on marijuana at a level high enough to raise revenue, but too low to discourage consumption. It could also reduce the cost of prescription drugs, as the demand for them would drop.
9. Allow the Canadian pipeline, which under NAFTA, we should be allowing anyway. These Canadians want to employ some 20,000 American workers. That would be a major boom. Offset the environmental issues by offering a 3-year tax holiday for cleaner energy firms from both countries.
10. Require that all executive regulations currently in place be reviewed by Congress and voted up or down. That alone will test the real merit of the regulations. Checks and balances exist for a reason.
11. Cut the gas tax by half.
12. Slash the capital-gains tax by two-thirds, which will help small businesses in this country and have a disproportionate benefit for women, who often make up a large part of the small business, entrepreneurial sector.
13. Cut the inheritance tax by 40% this year, with 40% the following year.
14. Freeze federal regulatory hiring, which will both reduce the regulatory burden on the economy, while also helping to balance the budget.
15. Borrowing a page from Geraldo's platform, I favor rebuilding the interstate highways as toll roads, thus paying for themselves. Let workers in those jobs decide for themselves whether or not to unionize. Some will, some won't.
16. Bring more troops home and thus allow reservists to return to their often better-paying jobs, thus reducing a burden on our brave men and women of the armed forces.
17. Bloc grants to return revenue to states, thus making it easier for them to meet their budgets. Since the federal government often imposes mandates and liabilities on the states, some compensation would be nice.
18. Suspend Obamacare, at least until the Supreme Court makes its ruling on the issue. Or else grant waivers to the 26 states currently suing over it, waivers which will cover the entire bill. Then we will really see which system works better.
19. Set up enterprise zones in DC and other impoverished, decimated areas of the country.
20. Abolish the Bureau of Indian Affairs, ending the colonial system of racist supervision of the reservations and allowing them to become far more autonomous. If they can make their own laws, many might opt for encouraging more investment capital and growth. We could thus help dramatically reduce the poverty there.
21. Admit Puerto Rico to the Union as a state, thus adding more revenue to the federal budget and reducing the deficit considerably.
22. Ease the admission process for student visas, tourist visas, and even green cards. Enforce immigration laws, yes, but also improve them.

Now, obviously, there is a decent chance that some of the numbers may have to be haggled over and the details ironed out, and not all of it would meet universal approval, but there are some concrete ideas for economic stimulus that would have at least some practical value and a starting point for serious discussion. I am also listening for alternative proposals, though just as not all of mine will appeal to everyone, some of those might not appeal to me. At least I'll be able to see them.

Like the President, I am willing to accept a piecemeal approach to this economic plan, making what progress can be made now, while doing the rest later. Even a few of these points by themselves will improve our economic outlook.

 

[mercury14]

4. Ratify free-trade agreements with key members of the EU, which will give them more options, in preparation for the likely collapse of the EU.

So you want to increase America's exposure to the EU debt crisis? What could possibly go wrong?

Ratify a free-trade agreement with India that improves our access to the Indian market and improves our relationship with that large and populous republic. Ratify a free-trade agreement with Taiwan.

Free trade agreements also facilitate the outsourcing of American jobs. Is that what you think will help us right now?

5. Negotiate in a tough, but fair and respectful manner the differences with China, from debt to trade deficit to intellectual property to the currency. Don't surrender, but don't walk away. Keep talking until there is a breakthrough. Stand firm, but keep haggling.

So you're in agreement with Donald Trump them? Just "force" China to do business differently? Without saying how we'd do that?

9. Allow the Canadian pipeline, which under NAFTA, we should be allowing anyway. These Canadians want to employ some 20,000 American workers. That would be a major boom.

20k workers (if that is a real figure) would not be a real boom. Especially when you consider that these workers already have jobs and it would not be taking 20k people from the unemployment lines.

Offset the environmental issues by offering a 3-year tax holiday for cleaner energy firms from both countries.

You *just said* you wanted to get rid of all loopholes and subsidies for corporations. Now you want to add more of them?

10. Require that all executive regulations currently in place be reviewed by Congress and voted up or down. That alone will test the real merit of the regulations.

That will not test merit. That will only lead to political chest-beating. Do you really think congressmen will vote on the merits of "regulations" more than politics?

12. Slash the capital-gains tax by two-thirds, which will help small businesses in this country and have a disproportionate benefit for women, who often make up a large part of the small business, entrepreneurial sector.

Small businesses neither issue their own stock or invest in stock, therefore your idea will have zero impact. Your impact on women will also be zero.

13. Cut the inheritance tax by 40% this year, with 40% the following year.

I think you need to go read up on the inheritance tax first. It impacts almost nobody other than the ultra-rich multi-generational hoarders. Additionally there are heaps of ways to get around it since things like houses (aka Mansions) aren't counted as assets under the tax. It doesn't even apply to the first $5 million inherited.

For those who think that income tax disincentivizes work, well you should be in love with the estate tax.

14. Freeze federal regulatory hiring, which will both reduce the regulatory burden on the economy, while also helping to balance the budget.

So you want to just understaff regulation boards to make it hard for them to do their jobs? That's an insane approach to handling regulation. Additionally a hiring freeze on regulators will not help balance the budget at all. You're talking about taking one grain of sand off the beach.

18. Suspend Obamacare, at least until the Supreme Court makes its ruling on the issue. Or else grant waivers to the 26 states currently suing over it, waivers which will cover the entire bill. Then we will really see which system works better.

No we wont.

20. Abolish the Bureau of Indian Affairs, ending the colonial system of racist supervision of the reservations and allowing them to become far more autonomous. If they can make their own laws, many might opt for encouraging more investment capital and growth. We could thus help dramatically reduce the poverty there.

Zero impact on the economy. Native Americans are not holding back America's growth.

21. Admit Puerto Rico to the Union as a state, thus adding more revenue to the federal budget and reducing the deficit considerably.

Are you even sure Puerto Rico would be a net positive? I think their poverty rate is pretty high and there are serious infrastructure problems. That means not much tax revenue. Might be a money pit.

22. Ease the admission process for student visas, tourist visas, and even green cards. Enforce immigration laws, yes, but also improve them.

What? Since when are student and tourist visas hard to get?

 

[mercury14]

No shit, since the primary purpose of a corporation is to reward it's investors, not to provide jobs. They have no duty to create jobs, like liberals believe.

Once again you've shown that you're a liberal demand-side economist, Vette. Welcome to the club.

Incorrect, but funny nonetheless.

Care to say how?

 

[KRCummings]

I came back to see if there was an answer on the secession thing. I guess not. Sorta bummed about that because things are a little slow right now and I was looking for some entertainment.
I'll just call Hawaii and see if they want out.

 

[islandman]

Care to say how?

No.



Extra letters.

 

[NeverEndingMe]

Once again you've shown that you're a liberal demand-side economist, Vette. Welcome to the club.



Care to say how?

I still say, you should open a hot dog stand and see how long you can stay in business. you know, give the customers what they want, and make a profit.

then again, these types of skills are sourly missed by your kind

 

[mercury14]

I still say, you should open a hot dog stand and see how long you can stay in business. you know, give the customers what they want, and make a profit.

then again, these types of skills are sourly missed by your kind

How's your job search going? How come you're spending your time on Lit instead of filling out applications?

 

[NeverEndingMe]

How's your job search going? How come you're spending your time on Lit instead of filling out applications?

I'm not looking for a job, but thank you for asking. have you ever had a real job?

is it hard, to take the easy way out of life?

 

[KRCummings]

I still say, you should open a hot dog stand and see how long you can stay in business. you know, give the customers what they want, and make a profit.

then again, these types of skills are sourly missed by your kind

Sourly?

 

[VaticanAssassin]

Sourly?

Do not do it...Back away from this thread immediately!!!

 

[KRCummings]

Do not do it...Back away from this thread immediately!!!

I don't argue with Jen and her alts. I find them funny and love the way she makes all the idiots dance around. Sometimes you just gotta ask though. "Sourly" threw me off.

 

[Disgustipated]

I don't argue with Jen and her alts. I find them funny and love the way she makes all the idiots dance around. Sometimes you just gotta ask though. "Sourly" threw me off.

I swear it's Hogjack fucking with us.

 

[VaticanAssassin]

You have no credibility. Your paranoia has you seeing Alts everywhere and it probably just a case of the guilty accusssing....

 

[Disgustipated]

You have no credibility. Your paranoia has you seeing Alts everywhere and it probably just a case of the guilty accusssing....

Who the fuck are you talking to, Kevin?

 

[NeverEndingMe]

Sourly?

yes people like Merc and government workers are very sour. they sit back taking the easy way and bitch and moan like babies when others pass them by.

then people like them, scream for wealth redistribution.

after all its only fair we have to reward the lazy and weak for being lazy

 

[JohnnySavage]

Who the fuck are you talking to, Kevin?

I thought he was just blurting out like some kind of Rain-man.

 

[Sean]

I don't argue with Jen and her alts. I find them funny and love the way she makes all the idiots dance around. Sometimes you just gotta ask though. "Sourly" threw me off.

You haven't got it on iggy? The same post fifty thousand times bores the shit out of me. It's stupid, but too prolific to be as fun as Garbage Can.

 

[NeverEndingMe]

You haven't got it on iggy? The same post fifty thousand times bores the shit out of me. It's stupid, but too prolific to be as fun as Garbage Can.

I can fix people like you

 

[VaticanAssassin]

Who the fuck are you talking to, Kevin?

This is the internet so no one is talking to anyone....get it you fucking half wit?


Look I understand KK hurt you feelings by not meeting you. I understand that the only way to make yourself feel better about this is to imagine it is because she is a dude...

But the fact is no one on this board other than you, LJ, RDS, and your little army of 100 post Alts believe she has a penis or believe I am her. Stop embarrassing yourself chump, stop sweating my nuts, I am not her. I am not the one that hurt you. Go troll her until your heart heals, but trolling me does nothing.