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Highway61 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-09-09 08:35 AM
Original message
Fiscal stimulus for infrastructure, yes...
more tax cuts for corporations...NO FUCKING WAY!

If you have children, grandchildren, nephews, nieces or anyone that will be here to pay this back then oppose any further tax cuts for corporations and the wealthy. Enough already!

I agree with the president elect when it comes to fiscal stimulus to get this economy off it's back, but many of the tax cuts are not smart and only included to garner GOP support. The hell with the GOP!! Pass the legislation over their freaking heads...nothing but a bunch of obstructionists that created this mess we're in with their trickle down red ink laden all for the rich economic policies.

I'm beginning to think we've been had.....again

....."new tax cuts are on the near horizon. Obama is moving forward with his campaign call for a middle-class tax cut, while signaling a willingness to come to agreement with congressional Republicans demanding business breaks as their price for backing his recovery plan."

more...Obama's Misguided Tax Plan...

http://www.boston.com/bostonglobe/editorial_opinion/oped/articles/2009/01/09/obamas_misguided_tax_cut_plan/#commentAnchor


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BR_Parkway Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-09-09 09:11 AM
Response to Original message
1. While I agree in principle, as a small business owner, I don't get a
break like those who get a regular paycheck if some types of business tax breaks aren't included. Since there is no money withheld from a paycheck, the proposal to reduce the withholding rates leaves all of us self employed out of the loop.

Breaks to big corporations? Mostly no, but some for jobs that are reclaimed from outsourced locations could be beneficial if it's set up right. Some for installing or upgrading renewable energy systems (if they are produced in US with US workers, preferably unionized ones)

The problem isn't that businesses got tax breaks, it's that they got them for all the wrong things - shipping jobs overseas, remaining burdened with bad energy programs, Hummers, etc...

Tax breaks can be very effective policy tools - what we need to see is a refocus on policy that makes things right for regular people, not simply shareholders at the expense of everyone else.
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The Traveler Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-10-09 11:17 AM
Response to Original message
2. Like any other tool
tax breaks have to be carefully planned and skillfully applied. Small business owners, the self employed ... we need the support them. AIG executive types are another matter.

So I must understand the structure of the business tax cuts before I can really comment on this, and I don't think that has been clearly laid out yet. These proposals are, after all, works in progress.

Trav
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Zynx Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-10-09 12:15 PM
Response to Original message
3. Has Obama proposed tax cuts for the wealthy? No. That's why rightwingers are lashing out at him.
People on this board are really starting to piss me off on this point.
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