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(Reuters) - President Barack Obama will propose a "grand bargain for middle-class jobs" on Tuesday that would cut the U.S. corporate tax rate and use billions of dollars in revenues generated by a business tax overhaul to fund projects aimed at creating jobs.
His goal, to be outlined in a speech at an Amazon.com Inc facility in Chattanooga, Tennessee, is to break through congressional gridlock by trying to find a formula that satisfies both Republicans and Democrats.
Efforts to reach a bipartisan "grand bargain" on deficit reduction have been at an impasse for months.
A spokesman for John Boehner, the Republican speaker of the House of Representatives, criticized the idea even before the release of the plan's details, saying it further backs Obama's policies on taxes and spending "while leaving small businesses and American families behind."
Obama to propose 'grand bargain' on corporate tax rate, infrastructure | Reuters
He can at least wait for the plan details before he bitches can't he?
He can at least wait for the plan details before he bitches can't he?
It is another tax increase. What else does anyone need to know?
Why bother waiting? It IS NOT and never has been the role of the Government to create jobs. Even when they've tried over the years, they generally fail miserably.
Whether he's right or not it makes him look petty. It makes it look like he's against it just because Obama said it not because of it's content. That makes him look weak.
He can at least wait for the plan details before he bitches can't he?
It is another tax increase. What else does anyone need to know?
Obama to propose 'grand bargain' on corporate tax rate, infrastructure | Reuters
He can at least wait for the plan details before he bitches can't he?
It was proposed by a Democrat. That's the only detail that really matters to the Republican leadership.
Uhh... How in the hell is this a "tax increase". This is a huge tax cut for the corporate shrills, the right should be loudly supporting this.
He could, but then knowing the history of Obama ideas on the economy, he's just going to be bitching anyway. And when was the last time an Obama initiated plan actually had details?
Or are you suggesting the Pelosi method of governance, just pass the damn thing and maybe read it when your on one of your congressional breaks?
He could, but then knowing the history of Obama ideas on the economy, he's just going to be bitching anyway. And when was the last time an Obama initiated plan actually had details? Or are you suggesting the Pelosi method of governance, just pass the damn thing and maybe read it when you're on one of your congressional breaks?
That's a tough one, but I'll take number two, Alex!
Greetings, CJ! :2wave:
Obama's problem is that he doesn't believe in capitalism. He believes in crony capitalism, just like every banana republic dictator in South and Central America. He doesn't believe in free markets, he believes in central planning. He doesn't like the fundamentals of free enterprise. His presidency will be recorded in history as 8 wasted years where the crowning achievement is an unpopular and unworkable healthcare system that will end medical advancement and decrease the quality of care available in America. We have met the enemy and they are us as we elected this clown twice. His policies aren't aimed at eliminating poverty in America, they are aimed at making it comfortable at the expense of producers in the economy.
Obama to propose 'grand bargain' on corporate tax rate, infrastructure | Reuters
He can at least wait for the plan details before he bitches can't he?
Cut the corporate tax rate... OK, that's what the Republicans have been making mouth noises about wanting to do, but the "business tax overhaul" sounds a lot like "business tax increase", especially when he's talking about using the money thus generated for a "jobs program."
Unless, of course, he's become a trickle down supply sider expecting tax cuts to increase revenues in a new move toward voodoo economics.
I think we're a bit short on details at this point.
It was proposed by a Democrat. That's the only detail that really matters to the Republican leadership.
Uhh... How in the hell is this a "tax increase". This is a huge tax cut for the corporate shrills, the right should be loudly supporting this.
Wait so they gov's job is supposed to help private enterprise create jobs? Might as well x out every single conservative president who claimed "we are going to create jobs"..Supporting what? You think it is the Federal Govt's role to create jobs or the atmosphere for the private sector to create jobs? The govt. doesn't invest, it spends and any job created has to be funded after the initial funding runs out so who does that? You want badly to believe what Obama says but lack the ability to think beyond the moment and the cost to the taxpayers for those spending programs.
Supporting what? You think it is the Federal Govt's role to create jobs or the atmosphere for the private sector to create jobs? The govt. doesn't invest, it spends and any job created has to be funded after the initial funding runs out so who does that? You want badly to believe what Obama says but lack the ability to think beyond the moment and the cost to the taxpayers for those spending programs.
Wait so they gov's job is supposed to help private enterprise create jobs? Might as well x out every single conservative president who claimed "we are going to create jobs"..
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