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Old 03-02-2013, 03:17 AM   #17
A verbis ad verbera
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Join Date: Mar 2006
Posts: 37,299

Originally Posted by peacepipe View Post
It's funny how conservatives ignore the fact that had Obama not got his way everybody's taxes would've went up.
There are a lot more new Obama taxes then just the over 400 grand a yr for rich people. He let payroll tax go back up but also lots of taxes hooked to Obamacare. It's time to just cut some spending and then yes tackle tax reform.

Especially corp tax reform to get companies like GE and the oil companies paying some tax on their offshore profits. Right now we demand 35% and that is too high because they had to pay tax in host country.

So yes lower corp taxes for offshore companies, then eliminate the loopholes that allow them to offshore all the profits. That way that money comes home, and the govt makes a small % of tax on it. Problem with Obama is he wants to slam dunk win every issue with a huge tax increase on it.
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