Quote:
Originally Posted by Villages Kahuna
OK, Richie, apply a little "solid thinking" to the situation with General Electric. GE didn't pay any taxes on their income in the U.S. at all last year. In fact, GE got a tax refund of $3.2 billion on taxes paid on prior years' income. This company should love doing business in the U.S.
So how many jobs has GE created in the U.S.? Sadly, even though GE can't get a better tax deal than paying nothing, they also haven't created any jobs in the U.S. since 2004. In 2004 GE employed 165,000 people in its U.S. operations. That employment declined steadily each year until the end of 2011, when GE's U.S. employment totaled only about 131,000 people.
So with maybe the most favorable tax deal of any large company--no taxes at all--GE cut it's U.S. employees by 34,000 jobs, a 21% cut in American employment. So in spite of enjoying a tremendously favorable tax deal, GE didn't create any jobs at all. In fact it cut jobs!
I don't know how you can cut GE's taxes to less than nothing, Richie. So again, like the MSNBC ad says, "Don't tax the job creators?...where are the jobs?"
Go ahead, apply a little solid thinking to this one Richie and tell us your findings and conclusions.
Then maybe you can take a crack at my original two questions. Your answers won't take a lot of words, but they will require a little "solid thinking".
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You take on only one party on this issue. I find fault with two and wonder why you choose only one GE has been doing the same thing for years and years...INCLUDING THOSE WHEN DEMOCRATS CONTROLLED BOTH HOUSES and to my knowledge they put forth no tax code changes. NONE. So, how did this become a Republican issue only ?
This issue is being presented now as a one sided deal and clothed in class warfare language in the last few years. This tax code was not invented by Republicans.
This President appointed what he called a blue ribbon committee and they came up with some ideas, all rejected by this president....the Ryan budget, while certainly not very specific is simply pushed aside and the call goes out to the house Republicans as not doing anything, meanwhile the Dem Senate will not even discuss a budget and have not for three years.
I really have a problem with the presentation for sure. This kind of rhetoric is class warfare and will allow us to join the European countries in total upheaval. We do not even talk about spending cuts any longer.....all that is done is to bash the tax code and try things like the Buffet Rule, and I know VK that you are smart enough to know that was a political ploy entirely.
My opinion, this President has done a simply fantastic job in tying us all up in our shorts fighting over who makes more...instead of talking about cuts...it is NOT EVEN TALKED ABOUT ANY LONGER. He is a master at all of this, including the show he is putting on in other arenas.
I surely may get him re-elected and then we can all fight in the streets to even everything out and see who will get the most.
GE and APPLE did not just begin what they are doing..this is not new.....if you think the Dems are non complicit in whatever you are charging the Republicans with (and I am not sure what that is actually) then I submit to you with all respect, you are ignoring facts.
Both parties in congress are guilty...BOTH...and our current President, at this stage, has won the battle of the media to convince all that only one party is watching the store and the other is robbing it.
The class rhetoric you may pooh pooh, but spend most of the day in Tampa today,
and spoke directly with about 5/6 of the Occupy group out there protesting today.
NONE of them worked...ALL of them were collecting some form of subsidy from the Government and a number of them told me it was the Republicans fault they dont get more.....because they put into place tax breaks for the rich only. Now, that is what is happening in this country.
I suppose all I can say is somehow someone better insure that this man is not reelected.....he did this kind of thing in Chicago when a young man and he has it perfected. Even his new motto...FORWARD...is steeped in history in Europe relative to the socialist movement there.
There will now be a few posters who will come on and make two or three sentence smart cracks and then leave...but if you people actually think that the Apple and GE thing just now began...if you really believe all of this, and ignore things like NAFTA....power of unions, etc.....and you believe our economic woes can be laid at the feet of just corporations then so be it. I am not the economic thinker you are VK and do not pretend to be, but not only my gut but also the rhetoric that is going on right now in this country is EXTREMELY DANGEROUS. THAT I know is right...maybe I dont understand the numbers as you do but the language being used by this WH is simply hateful and dangerous from someone who is supposed to LEAD.
Your original two questions by the way spoke ONLY to tax code and not to any reduction in spending...it mentioned the unemployment rate which is higher than 8% and NOW is accepted as normal......the rhetoric is NOT about creating jobs but about how much APPLE OR GE paid or didnt pay in taxes. The rhetoric does not mention that we, as a country, have not even tried to make a budget for THREE YEARS.
Why does not this President talk about Simpson Bowles...why does not this President have both sides of the aisle discussing anything good from the house budget ?
PS....just to add.....the Presidents recent remarks about what he will do relative to corporate taxes, he ALSO SAID IN 2008 but that will be forgotten I fear with our media.....he is resaying what he said in 2008, well most of it.....but he had complete and total control over everything for two years and put forward NOTHING. I will give him credit..he is a master at this politicing but I would rather have a president who is not ALWAYS politicing.....he is spending BILLIONS of our money to fund something that he can find not even one organization to back and the CBO said publicly that it was a mistake, but he is doing it anyway....know why ? It will cover the first pubic show of his health care bill right before the election...NO other reason but that kind of thing seems to be accepted just like the current unemployment rate.