Congress just doesn't get it...but it's really very simple

**Granite** · 7th October 2010 03:21 AM

**MajikMyst** · 7th October 2010 03:50 AM

Hmmm... Could there be a reason this guy is working for Fix Noise and not somewhere meaningful as an economic advisor??

While there are something in there I can somewhat agree with.. Do you really think you are going to get republicans to cut 10% of the defense budget?? They slammed Clinton for his military cuts..

As far as the tax thing goes?? Well.. We need to raise them for the time being until we can pay off our debt.. We can lower them again once the debt is paid off.. All this talk about more tax cuts or not raising taxes is stupid.. We need to pay off the debt.. We made the debt, we need to pay it off..

As for the rest of the stuff.. It is all acedemic..

**Tedminator** · 7th October 2010 04:38 AM

Originally Posted by MajikMyst

Do you really think you are going to get republicans to cut 10% of the defense budget??

A 10% cut on military budget would be irresponsible at this time imo. Instead I'd go with a 1 or 2% cut each year for the next several years.

**Sgt Schultz** · 7th October 2010 04:46 AM

Where the money goes...start slashing 10% from each? You aren't going to save much of anything if you start from the bottom.

Attachment 292

Ezra Klein - Shouldn't taxpayers get a receipt?

**Devil505** · 7th October 2010 05:03 AM

Originally Posted by MajikMyst

As far as the tax thing goes?? Well.. We need to raise them for the time being until we can pay off our debt..

How about if Congress cuts out "Corporate Welfare" first!

GE, Exxon Paid No U.S. Income Taxes in '09
GE Capital Lost Money, Exxon's Tax Dollars Went Overseas
As you work on your taxes this month, here's something to raise your hackles: Some of the world's biggest, most profitable corporations enjoy a far lower tax rate than you do--that is, if they pay taxes at all.
A view of the Exxon Mobil refinery in Baytown, Texas September 15, 2008. None of ExxonMobil's income taxes were paid to the U.S. last year.
(Jessica Rinaldi/Reuters)
The most egregious example is General Electric. Last year the conglomerate generated $10.3 billion in pretax income, but ended up owing nothing to Uncle Sam. In fact, it recorded a tax benefit of $1.1 billion.
Avoiding taxes is nothing new for General Electric. In 2008 its effective tax rate was 5.3%; in 2007 it was 15%. The marginal U.S. corporate rate is 35%.
GE, Exxon Paid No U.S. Income Taxes in 2009 - ABC News

**Granite** · 7th October 2010 07:27 AM

Originally Posted by MajikMyst

Hmmm... Could there be a reason this guy is working for Fix Noise and not somewhere meaningful as an economic advisor??

(1) While there are something in there I can somewhat agree with.. Do you really think you are going to get republicans to cut 10% of the defense budget?? They slammed Clinton for his military cuts..

(2) As far as the tax thing goes?? Well.. We need to raise them for the time being until we can pay off our debt.. We can lower them again once the debt is paid off.. All this talk about more tax cuts or not raising taxes is stupid.. We need to pay off the debt.. We made the debt, we need to pay it off..

As for the rest of the stuff.. It is all acedemic..

(1) The Republicans are as much at fault as the Democrats. They both need to do their part.

(2) LOL!! When was the last time you saw politicians REMOVE a tax they enacted or raised? More taxes just gives them an excuse to spend more. That's not the solution.

**Granite** · 7th October 2010 07:29 AM

Originally Posted by Devil505

How about if Congress cuts out the "Corporate Welfare" first!

GE, Exxon Paid No U.S. Income Taxes in '09
GE Capital Lost Money, Exxon's Tax Dollars Went Overseas
As you work on your taxes this month, here's something to raise your hackles: Some of the world's biggest, most profitable corporations enjoy a far lower tax rate than you do--that is, if they pay taxes at all.
A view of the Exxon Mobil refinery in Baytown, Texas September 15, 2008. None of ExxonMobil's income taxes were paid to the U.S. last year.
(Jessica Rinaldi/Reuters)
The most egregious example is General Electric. Last year the conglomerate generated $10.3 billion in pretax income, but ended up owing nothing to Uncle Sam. In fact, it recorded a tax benefit of $1.1 billion.
Avoiding taxes is nothing new for General Electric. In 2008 its effective tax rate was 5.3%; in 2007 it was 15%. The marginal U.S. corporate rate is 35%.
GE, Exxon Paid No U.S. Income Taxes in 2009 - ABC News

I'm all for cutting corporate welfare...it's just another form of spending. But don't stop there just because that's something you happen to not like. We need to go the distance.

katiegrrl0 · 7th October 2010 08:13 AM

Originally Posted by Sgt Schultz

Where the money goes...start slashing 10% from each? You aren't going to save much of anything if you start from the bottom.

Attachment 292

Ezra Klein - Shouldn't taxpayers get a receipt?

I like your idea. I think it would be good. I hate any military but I would never cut veterans benefits.

katiegrrl0 · 7th October 2010 08:14 AM

Originally Posted by JoJoGunne

I'm all for cutting corporate welfare...it's just another form of spending. But don't stop there just because that's something you happen to not like. We need to go the distance.

Than put a leash on the corporate whore's by way of rules and laws.

**Tedminator** · 7th October 2010 08:31 AM

Originally Posted by katiegrrl0

I like your idea. I think it would be good. I hate any military but I would never cut veterans benefits.

Fold the VA healthcare into the Medicare system. The doubling of effort for having a seperate system for retired military and civilians seems like a waste to me. hell, doing so would probably even improve the level of care for retired vets.