[This is a flashback from December 2010 and Obama is STILL talking about raising taxes on business and so are the Van Jones inspired “occupy” protesters. Remember that “giant sucking sound” that we used to talk about with Mexico?]
Japan is in the process of lowering its corporate tax rate by 5% and just days ago they have proposed to lower it again to 25.5%.
This leaves the United States with the highest corporate tax rate in the world.
Of course the little truth about the corporate tax rate is this, corporations never pay this, you do in the form of higher prices. All expenses of goods and services are passed on to the consumer which is you. Corporate taxes are just a way for government to raise your taxes and hide it in the form of higher prices. Of course some companies cannot raise their prices and stay competitive so they leave the country and go to China, Canada, Ireland, Mexico or Brazil.
President Obama’s own deficit commission said that we need lower rates and a leaner tax code to bring business here and to help spur compliance. Indeed, they said that the tax rates should be made lower so the government could collect more revenue to lower the debt. John Kerry even advocated lowering the corporate tax rate when he ran for president. The high tax rate combined with a 16,000 page tax code allows for government to pick winners and losers which generates corruption and paybacks. This is a no brainer folks, it needs to get done.
Will the Democrats do the right thing and lower the rate to bring jobs here? Or will they insist that the best way to grow the middle class is by waging a war of taxes, regulation, and uncertainty on their employers? And by trashing the currency with policy and monetizing the debt (printing money out of thin air). [See Cloward-Piven Strategy LINK1 and LINK2 – Editor]
[YouTube is nuking conservative vids again – You can see the video HERE]
UPDATE – Steve Forbes on why business is not hiring [YouTube nuked this one as well. You can watch the video HERE] :
These facts have been coming out for a year yet they have fallen out of the dialogue. It is time to remind each other and our friends. With the demise of the CLASS Act it is now worse. We said that ObamaCare would cost a trillion dollars to implement and every day new evidence moves us closer and closer to that number.
The government’s chief actuary for Medicare spending on Wednesday said he had more confidence that Republican Paul Ryan’s plan to reform entitlements would drive down health-care costs than President Obama’s recently passed overhaul.
Richard S. Foster, the chief actuary of the Centers for Medicare and Medicaid Services, made the comment in response to questions from lawmakers during House Budget Committee hearing.
Rep. Chris Van Hollen, the ranking Democrat from Maryland, went on the attack against committee chairman Paul Ryan’s “Road Map” plan, which is a long-term proposal to make entitlement spending solvent.
Van Hollen pressed Foster on whether Ryan’s plan would work, prompting Foster to point out that one of the biggest problems in health care now is that most new technology that is developed increases costs rather than decreasing it.
“If there’s a way to turn around the mindset for the people who do the research and development … to get them to focus more on cost-reducing tech and less on cost increasing technology, if you can do that then one of biggest components of [increasing costs] turns to your side,” Foster said. “If you can put that pressure on the research and development community, you might have fighting chance of changing the nature of new medical technology in a way that makes lower cost levels possible.”
Foster said: “The Road Map has that potential. There is some potential for the Affordable Care Act price reductions, though I’m a little less confident about that.”
The thinking behind Foster’s comment is that a voucher system would reduce the amount of government money available for health care over time, causing consumers to shop around and creating an incentive in the health-care sector to compete for those dollars.
In a brief interview outside the House chamber later in the day, Ryan explained it this way: “There’s only going to be so much money for health care because the economy can only support so much … So is it better spent through the person in a competitive marketplace or through the government under increasing price controls and pressure?”
“If you go through the century, these entitlements consume all money. The GAO calculation assumes Congress is going to wise up and cut back on these programs because people will decide they don’t want 100 percent of their discretionary income going to health care. They want some for food and some for shelter and some for other things. So there will be a curtailment of health care spending in the future,” Ryan said. “The question is which curtailment gets you the better results at going after the cause of health inflation: consumer pressure or government price controls.”
Consumer confidence has been in the tank since march.
If you want to know what is going on with the economy in recent months, Dick Morris has a very good explanation in this video.
Dick Morris was the political strategist for Bill Clinton for many years.
Speaking of the former President, Bill Clinton seems to have had enough. For a while he was openly criticizing Obama’s mis-steps with the economy, especially the illegal offshore drilling ban, the yanking of coal permits etc.
This may have also been a political shot across the bow. The Obama Administration was jerking Hillary around for months starting with the Egypt/Libya debacle. The State Department thinks it has agreement across the administration on Middle-East policy, makes a cautious yet sensible statement on the position of the United States, and Obama comes out the very next day and contradicts it. This kind of thing happened too often to be an accident and is obviously designed to marginalize her. Niall Ferguson asked if we have two foreign policies and mocked the administration. It shows a great immaturity at the White House. It also confuses and undermines the confidence of our allies.
Being a cabinet Secretary is a brutal job. It is often seven days a week and 13 hours a day. Most Cabinet Secretaries last around 20 months. Obviously there are exceptions but that tells you how brutal the job can be. I have seen recent pictures of Hillary lately and she is not looking well.
I am not saying that Hillary resign because she is doing a bad job, although she is not among the best who had held the position, she should resign because the situation in the administration is intolerable and may be designed to do her political damage.
Fiscally responsible states usually ran by Republicans and Conservative Democrats gained 10 House seats according to Census data.
People are voting with their feet. Over 150 businesses left California to move to Texas in just the last year. Missouri may now be changing to a “right to work state”. Union over reach and greed has sent jobs overseas. Ford Motor Company has a new high-tech plant that can make five cars on a single line at once. Union rules do not permit the advanced technology Ford needs so they have built these plants in Canada, Mexico and Brazil.
Union over reach in the public sector (government unions) is causing some states to go bankrupt. The states cannot afford the corruption and sweetheart deals that result from abusive public sector unions.
Keep in mind this is census data from late 2010, so one would imagine that the situation is more pronounced today.
[And as is so often the case, when there is a video that is popular with conservative bloggers YouTube makes it go poof. The video can be watched HERE]
They are making a killing on foreclosures and getting paid twice.
[Flashback February 2011- these same occupy rent-a-protesters showing us their civility that they like to lecture Sarah Palin on.]
The elite media likes to tell you that the Tea Party are hateful racists, in spite of the fact that there is no good evidence to demonstrate that. However getting people to say these types of things at almost any left of center protest is easy (especially on most any college campus where there are plenty of unhinged Marxist professors and indoctrinated students in one place). I have seen it first hand as a former counter protester myself. What are the odds of seeing this on NBC News?
This group is called “Common Cause” and do I really have to state the obvious?… Yes they get money from George Soros.
Thanks to Andrew Brietbart for the footage.
Common Cause is a nonpartisan, nonprofit advocacy organization founded in 1970 by John Gardner as a vehicle for citizens to make their voices heard in the political process and to hold their elected leaders accountable to the public interest.
The IRS considers them a 501(c)(3) tax-exempt public charity because they are “non-partisan” (non partisan my ear…), so yes indeed being tax exempt means that YOU help subsidize them.