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GreaTOne_65
Senior Contributor

Yep! This is the Republican "job creators".

29 Replies
Nebrfarmr
Veteran Advisor

Re: Yep! This is the Republican "job creators".

I think both parties are to blame. For instance, the very first example of a corporation that paid basically no fed tax in the article was GE. Who gave them the exemption? ( hint, it was a 'green'exemption). If the GOP is solely to blame, why are the red states generally in less financial trouble? For example, the Dakotas, Texas, Nebraska and Wyoming are doing pretty well, while states like California and Michigan are headed towards bankruptcy. Unless I missed something, the States deepest in the hole are not exactly bastions of conservativism.
schnurrbart
Veteran Advisor

Re: Yep! This is the Republican "job creators".

the only reason people blame the repub party is that they are the only ones fighting to the end to keep wealthy individuals and corps from actually paying what they are supposed to.

Re: Yep! This is the Republican "job creators".

the state of indiana "found" 300 million the other dayso i'm thinkin it might be some of the money MF Global has no idea what happened to

kraft-t
Senior Advisor

Re: Yep! This is the Republican "job creators".

It helps if the great God almighty put natural resouces like Oil and coal under your feet.

Re: Yep! This is the Republican "job creators".


@kraft-t wrote:

It helps if the great God almighty put natural  [resouces] resources like Oil and coal under your feet.


He did.  However, the liberal environmental wacko types will do everything in their power to keep us from getting it out of the ground.

Democratforlife
Senior Contributor

Re: Yep! This is the Republican "job creators".

http://www.american.com/archive/2007/november-december-magazine-contents/guess-who-really-pays-the-t...

 

snip: But haven’t the tax cuts put more of the burden on the backs of the middle class and the poor?

 

No. I examined the Treasury Department analysis of how much the rich would have paid without the Bush tax cuts and how much they actually did pay. The rich are now paying more than they would have paid, not less, after the Bush investment tax cuts. For example, the Treasury’s estimate was that the top 1 percent of earners would pay 31 percent of taxes if the Bush cuts did not go into effect; with the cuts, they actually paid 37 per­cent. Similarly, the share of the top 10 percent of earners was estimated at 63 percent without the cuts; they actually paid 68 percent.

schnurrbart
Veteran Advisor

Re: Yep! This is the Republican "job creators".

What about the conservative "who cares about a bunch of plants and animals my kids like to look at pictures anyway" type that abound around here?

schnurrbart
Veteran Advisor

Re: Yep! This is the Republican "job creators".

The top 1% earn an average of $346 million/annum and average about 13.6% in taxes.  It doesn't really matter what that actual dollar figure is.  The point is that they are in the 35% of all income tax bracket.  If EVERYONE paid what they are supposed to, it would be better but given that the rich are \better able to weather a higher % then they should.  Get rid of deductions and loopholes and it will help with the deficit.  Cut some of the spending at the Pentagon and it will help also.  So some General has to do without one or two of his toys.  It isn't going to cause great calamity like cutting SS and/or Medicare would.  We are ending the occupation of Iraq so put that money on the deficit.

Nebrfarmr
Veteran Advisor

Re: Yep! This is the Republican "job creators".

I would argue that California is one of the top states, for natural resources.

Almost as much oil reserves as Alaska, when you count offshore reserves:

 

Figure 9: Oil Proved Reserves by Area, 2009

 

 

 

Plus California has Gold, Timber, and a climate that is second to none at growing vegetables.