Quote:
Originally Posted by cologal
For many years this economic theory has been widely accepted by one political party. Certainly these tax cuts did nothing to create jobs or stir growth considering that in the end this country faced the biggest financial disaster since the Great Depression.
Corporations enjoy great tax breaks from state and local scorces as well as the transfer price loophole. Transfer price allows them to transfer profits offshore and pay little to no US taxes. Aw the Global Economy at its best.
These cuts were sold as temporary to stimulate growth....time's up
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Sorry, you're basing your argument on flawed logic. It's not a theory but proven fact, over and over again. What you and others can't bring themselves to accept is that individuals are able to survive and prosper by their own sweat, blood and tears, without government bailing them out. Bush was wrong to cave in and compromise with the TARP, we admit it. Corporations don't pay taxes, people do. Government doesn't create jobs, people and companies do. Nobody ever got a job from a poor person. As far as the Financial disaster goes, three words, Dodd, Frank, Obama. Those three had the biggest hand in creating the mess at Fannie Mae and Freddie Mac. Maybe they didn't do the dirty deeds, but they certainly kept anything from being done about it until they got theirs out of it. Compromise and bipartisianship does NOT mean "Do it MY way, because I'm in power". It should mean; put all ideas on the table, then choose to use what is best, no matter who proposed it. And don't get me started on Obama's petulant whining that it's all the republican's fault he can't advance his progressive agenda.
