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No tax increases for the well-to-do; plans to slash corporate taxes. So where are the jobs?

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sad sally Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-01-11 12:13 AM
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No tax increases for the well-to-do; plans to slash corporate taxes. So where are the jobs?
John Boehner said: I believe raising taxes on the very people that we expect to reinvest in our economy and to hire people is the wrong idea,” he said. “For those people to give that money to the government…means it wont get reinvested in our economy at a time when we’re trying to create jobs.”

President Obama said: “As a country that values fairness, wealthier individual have traditionally born a greater share of this burden than the middle class or those less fortunate. This is not because we begrudge those who’ve done well — we rightly celebrate their success. Rather, it is a basic reflection of our belief that those who have benefited most from our way of life can afford to give a bit more back.”

You both got what you wanted; no added burdens on any of you or yours. When will the more fortunate who have benefited most begin to reinvest in America with JOBS?
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dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-01-11 12:19 AM
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1. Well after seeing congress in action maybe they are afraid of what govt will do.
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DesertFlower Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-01-11 12:40 AM
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2. the jobs are in india, china and brazil.
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noise Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-01-11 12:44 AM
Response to Original message
3. To state the obvious
Edited on Mon Aug-01-11 12:46 AM by noise
They don't believe their own bullshit. They say it to justify their desired policies hoping the public will be fooled.

This is the same talking point used to justify deregulation. The public is supposed to believe the people on Wall St. are such committed free market fanatics or Ayn Rand devotees that they truly believe the bullshit about deregulation. They don't.

They believe in Shock Doctrine economic policies.
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hopeisaplace Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-01-11 01:26 AM
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4. Yep, Cheap Labor is the problem
innovation and creative solutions will be the answer
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Bluebear Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-01-11 01:29 AM
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5. No jobs with all these spending cuts.
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tsuki Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-01-11 01:38 AM
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6. GE's Immelt is shipping the X-Ray Headquarters from Waukesha, WI
to Beijing, China along with a 2 Billion dollar investment in China of which 500 million is for research. Boy, the head of the President's Council on Jobs and Competitiveness knows how to create jobs and become competitive...in China. I am so glad that GE didn't have to pay taxes last year.
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jmowreader Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-01-11 01:54 AM
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7. I keep saying it, and no one listens
High corporate tax rates PLUS a ton of loopholes designed to encourage job creation in the United States are exactly how you create jobs.

You give a corporation the opportunity for lower taxes IF they create jobs in the US or invest in things that create jobs in the US, and they'll create jobs in the US and invest. You give a corporation lower taxes with no effort involved, and they'll stockpile the money.
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indurancevile Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-01-11 04:05 AM
Response to Original message
8. jobs? what a joke. there will be more job losses: government jobs, education jobs,
medical jobs, post office jobs. more cities & counties are going to go bankrupt. deflationary spiral.
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