Congress is looking for sizable spending cuts in the months ahead, and voters see three so-called “corporate welfare” programs as potential candidates for the chopping block - farm subsidies, aid to large corporations to promote export sales and funding to help other countries buy U.S.-made weapons.
All the things the teapary never talks about...if it doesnt have social security or medicare or tax cuts for the rich...its not on their table
Voters See These
Congress is looking for sizable spending cuts in the months ahead, and voters see three so-called “corporate welfare” programs as potential candidates for the chopping block - farm subsidies, aid to large corporations to promote export sales and funding to help other countries buy U.S.-made weapons.
All the things the teapary never talks about...if it doesnt have social security or medicare or tax cuts for the rich...its not on their table
Voters See These
Not sure where you're getting that assessment. Loopholes, subsidies, and other programs that remove most or all of a corporation's tax obligation are issues the tea party has already thrown on the table. Perhaps there's confusion between "lower corporate tax rates" and "end subsidies and loopholes", but you can demand both at once and they are mutually exclusive issues. Creating a consistant, low (in relation to other countries) corporate tax rate while simultaneously eradicating loopholes and subsidies would likely increase tax revenue and decrease expenditures within the IRS and other agencies tasked with monitoring businesses.
Congress is looking for sizable spending cuts in the months ahead, and voters see three so-called “corporate welfare” programs as potential candidates for the chopping block - farm subsidies, aid to large corporations to promote export sales and funding to help other countries buy U.S.-made weapons.
All the things the teapary never talks about...if it doesnt have social security or medicare or tax cuts for the rich...its not on their table
Voters See These
Not sure where you're getting that assessment. Loopholes, subsidies, and other programs that remove most or all of a corporation's tax obligation are issues the tea party has already thrown on the table. Perhaps there's confusion between "lower corporate tax rates" and "end subsidies and loopholes", but you can demand both at once and they are mutually exclusive issues. Creating a consistant, low (in relation to other countries) corporate tax rate while simultaneously eradicating loopholes and subsidies would likely increase tax revenue and decrease expenditures within the IRS and other agencies tasked with monitoring businesses.
I've posted the links for you that shows the Tea Party is against corporate welfare. You aren't one to allow your bigotry to get in the way of facts are you?.
I've posted the links for you that shows the Tea Party is against corporate welfare. You aren't one to allow your bigotry to get in the way of facts are you?.
The gop prompted by the teaparty defeated a bill to end subsidies for big oil
Senate GOP Votes Down Bill To End Big Oil Subsidies - Blogrunner
The gop prompted by the teaparty defeated a bill to end subsidies for big oil
Senate GOP Votes Down Bill To End Big Oil Subsidies - Blogrunner
This article seems to provide some of the reasoning behind the vote. Looks to me like my suggestion for handling corporate taxation would have answered to some of the concerns expressed over this bill.
Senate GOP Votes Down Bill To End Big Oil Subsidies
Those aren't "big oil subsidies."
They are tax credits that all businesses get to take.
Why target one industry for the elimination?
no, these are specific oil company subsidies that should be removed. and while we're at it, let's make sure congress gives themsleves pay CUTS, and takes away the bennies for life deal.
Only 1 of the tax credits is specific to energy production, the rest were just regular tax write offs that other businesses get to take.
They were trying to hit one industry with selective tax punishment.
Out of the 5 (iirc) there was 1 specific tax credit for gas and oil production.
The rest were generic tax write offs that every business gets to take.
And the next gain was only $12 billion a year. I'm seeing daily government spending ranging from $9 billion to $11 billion. So if that brilliant little law had been passed we'd have made enough money to pay for slightly more than 1 day of government operation. And we would have been explicitly targeting one industry, removing tax credits which are universal to all other forms of industry, and opening the government up for a lawsuit that would (I'm sure) end up costing more than the expected revenues from this bill.
Perry then why in Ryans Plan the big kahunna of Deficit Reduction brainstorms totally supported by the tearparty...
Have corporate tax cuts to the tune of 28% and did it mention cutting corporate welfare ? all I heard was Social Security and Medicare
Out of the 5 (iirc) there was 1 specific tax credit for gas and oil production.
The rest were generic tax write offs that every business gets to take.
Foreign governments long ago grew wise to the U.S. tax code. To reduce costs for everyone involved and attract business, they agreed to call some royalties income taxes, allowing oil companies to take the 100% deduction on a bigger slice of their bill.
depletion allowances for oil? that's not generic, that's specific.
and the above is the problem i have with froreign income tax exemptions. the fact is, oil companies don't need any subsidies to continue with their record profits, especially when we are eliminating programs for the needy.
This article seems to provide some of the reasoning behind the vote. Looks to me like my suggestion for handling corporate taxation would have answered to some of the concerns expressed over this bill.
Senate GOP Votes Down Bill To End Big Oil Subsidies
Out of the 5 (iirc) there was 1 specific tax credit for gas and oil production.
The rest were generic tax write offs that every business gets to take.
And the next gain was only $12 billion a year. I'm seeing daily government spending ranging from $9 billion to $11 billion. So if that brilliant little law had been passed we'd have made enough money to pay for slightly more than 1 day of government operation. And we would have been explicitly targeting one industry, removing tax credits which are universal to all other forms of industry, and opening the government up for a lawsuit that would (I'm sure) end up costing more than the expected revenues from this bill.
And so you support all of them? Just the 1 specific tax credit? Or the other four?
Fnny how it's impossible to get a rightwinger to state their support for repealing any corporate welfare. When asked, All we get is blather
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