Quote:
Originally Posted by transjen
All eight GOP hopefulls all claim if elected they'll create jobs jobs and more jobs 
You ask any of the eight and each claim they'll in act the policies that will get America working agian
All we need to do is cut taxes for the rich and the corprations 
OK lets get this straight we need to cut taxes on the rich and it will trickle down plus create jobs hmmnn why does this sound eamiler oh yeah W already cut taxes for the rich and those cuts are still in affect so then the unenployment rate should be around 4 percent after all cut taxes for the rich it creates jobs and the tax cuts have been in effect since 01
Oh yeah trickle down with all the cuts the rich recieved from W the poverty rate should be way down but instead it has exploded
Now they claim that the corprate tax rate is too high and is the highest in the world at 35 percent
but the leave out that almost none pay that 35 percent most pay 9 percent and the top money makers pay a neg tax rate meaning the pay nothing and get a big return to boot
So all of the GOP job creating plans are already in effect and yet unemployment is at 9 percent
And in 08 i believe the GOP claimed it's not goverments job to create jobs
So the GOP plan is do nothing and make W's tax cut perment and make em biger
After all look at how succefull they have been so far
Jerseygirl Jen |
Thanks, Jen, for continuing point out the ridiculousness of the "trickle-down" theories of economics.
Earlier this year, John McCain proposed a plan for yet another "corporate tax holiday" that shows just who this trickle-down bullshit is really meant to serve.
Multinational corporations got their allies in Congress, like McCain, to push for this "tax repatriation holiday" that would allow them to bring money they've stashed overseas back to the United States at a rate far below the usual 35-percent tax. McCain's proposal is for an 8.25-percent rate, which would then be lowered to 5.25 percent if they could prove they used the money to create jobs.
This was done in 2004. What happened? Corporations used the money they "repatriated" to buy back stock on the markets and give big bonuses to executives. No jobs were created. Since then, the same corporations have continued to cut jobs and move billions of additional dollars offshore.
McCain's proposal for the special even-lower rate for "job creation" is precisely because not everyone has forgotten the 2004 fiasco. Speaking at the Washington Summit sponsored by Reuters last Tuesday, November 8, McCain was asked about 2004 and how the repatriated money might really be used. His response was one of the most cynical statements ever from a supporter of trickle-down bullshit:
"If you brought $1.5 trillion back to the United States of America, it?s bound to have some positive effect somewhere. I don?t see how it would not. Even if they buy more yachts and ? corporate jets and all that, it?s bound to have some effect."
Now, before Tracy Coxx comes on here to argue that having corporations spend money on yachts and jets would actually stimulate the economy in some sense, I will concede the point. But let's look at this through a broader lens: John McCain is on the same side of every one of the Republican candidates for president this year. He has joined in blocking every piece of legislation that has come up recently to create jobs (except for the veterans bill that passed this week). His trickle-down idea is to give corporations a massive, MASSIVE tax break in the hope that they buy luxury goods and thus boost employment.
Cynical? In the words of Sarah Palin, "You betcha!"