With the Current Economic downswing...

Dirtie_Frank

Do you think Obama is still going to raise taxes for corporations and capitla gains taxes. If so that would hurt the economy more in my opinion

Kann

Ok let's see. W has tax cuts and massive spending, and the economy goes down. But that's not his fault because (as I read here) a president is not responsible for what happens to the economy.
So : either the president affects the economy and Obama discontinuing Bush's policy on taxing and spending will better things or he doesn't affect the economy and his taxes won't change much.

mammasan

Dirtie_Frank wrote:

Do you think Obama is still going to raise taxes for corporations and capitla gains taxes. If so that would hurt the economy more in my opinion

How is it going to hurt our economy any more? Don't get me wrong I don't approve of Obama's, or McCain's, tax plan but we have to recoup the billions of dollars that we spent on Iraq and bailing out failed financial institutions and printing more money is not the answer. So should John Q. Taxpayer be held responsible for the failure of Fannie & Freddie, AIG, Lehman, etc… or should we recoup the cost from the financial sector itself. Yes it may decrease job growth and the growth of our economy, but the growth of our economy was an illusion to begin with. Or should we let everyone pay for it, under McCain's plan, by further increasing our debt, causing inflation and reducing the US dollar to nothing more than toilet paper, sorry drifting I had to borrow your line.

So you tell me, which do you prefer?

polaris

tax is bad ... fuck the future

mammasan

Bump. I wanted to see if Dirtie Frank would answer.

Dirtie_Frank

All I am saying is that if you raise corporate taxes. The public is going to pay it. Through higher costs for goods and services. We need less spending rather then more taxes.

cincybearcat

Dirtie_Frank wrote:

All I am saying is that if you raise corporate taxes. The public is going to pay it. Through higher costs for goods and services. We need less spending rather then more taxes.

NO really???? You mean you can't just tax the RICH and BIG BAD CORPORATIONS without average joe and jill american feeling the pinch???

You don't say.

mammasan

Dirtie_Frank wrote:

All I am saying is that if you raise corporate taxes. The public is going to pay it. Through higher costs for goods and services. We need less spending rather then more taxes.

We are going to pay no matter which candidate wins. It's funny to see people arguing against or for either candidates policy. It's like watching a group of people arguing over which is better being robbed at gun point or being robbed ay knife point. What they don't realize is that way you are being robbed.

inmytree

Dirtie_Frank wrote:

All I am saying is that if you raise corporate taxes. The public is going to pay it. Through higher costs for goods and services. We need less spending rather then more taxes.

um...help me understand, bushy's tax cuts are still in play...yet the financial system is fucked....salaries are stagnate...unemployment is up...

yeah, those tax cuts are very stimulating....:rolleyes:

Dirtie_Frank

inmytree wrote:

um...help me understand, bushy's tax cuts are still in play...yet the financial system is fucked....salaries are stagnate...unemployment is up...

yeah, those tax cuts are very stimulating....:rolleyes:

so taxing us mor would benefit how?

blackredyellow

Dirtie_Frank wrote:

so taxing us mor would benefit how?

Obama's plan is actually giving money back to more people than McCains.

beachdweller

Dirtie_Frank wrote:

All I am saying is that if you raise corporate taxes. The public is going to pay it. Through higher costs for goods and services. We need less spending rather then more taxes.

really? wasn't a problem in the 90's, though toward the end republicans started cutting them...hmm, then the dot com bubble burst.