Raising the Debt Ceiling

evince said:
Corporate income is 15%
The vast majority of Americans don’t pay more than 15%
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The corporate tax rate should be much lower since those taxes are just passthrough to consumers. The vast majority of Americans should step up and pay their fair share.
 
T. A. Gardner said:
The corporate tax rate should be much lower since those taxes are just passthrough to consumers. The vast majority of Americans should step up and pay their fair share.
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No, they are absolutely not. They go to bonuses and salaries for those on top. We have slashed corporate taxes regularly since Reagan. Did you get lower prices? Did you get innovation? Did you get price wars? Did you get better service? Capitalism is being killed by those on top. They do not compete, they draw sectors in the country and stay away from others.
Corps were merged, bought up, and eliminated to achieve higher profits. Competition costs companies money. That is why they killed it.
 
Nordberg said:
No, they are absolutely not. They go to bonuses and salaries for those on top. We have slashed corporate taxes regularly since Reagan. Did you get lower prices? Did you get innovation? Did you get price wars? Did you get better service? Capitalism is being killed by those on top. They do not compete, they draw sectors in the country and stay away from others.
Corps were merged, bought up, and eliminated to achieve higher profits. Competition costs companies money. That is why they killed it.
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Norderg. STFU. You welfare halffinished Tranny. The world is looking for you. Trust me.
 
T. A. Gardner said:
Actually, 13.68% average but much higher for the top 10% of earners. The tax should be flat not progressive.
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Fucking liar


I asked you a level


YOU CHOSE A LEVEL of 15% your self

now you are saying that is too high


You are outed for the shit lump liar that you are
 
T. A. Gardner said:
Actually, 13.68% average but much higher for the top 10% of earners. The tax should be flat not progressive.
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And they should pay more


They make mountains of income compared to the vast majority of people

They are not the majority of who contributes to the economy idiot

They sit on their money preventing it from stimulating the economy



Did you forget that that was the whole claim about laffer?



It was to tax less so that that money goes back into the economy



The right is so full of fucking shit
 
Concart said:
The hard deadline for raising the debt ceiling is sometime in early June. The ramifications are already being felt in the markets. Just the threat of a default is enough to cause economic angst among investors.

Democrats want a clean bill raising the debt ceiling. Republicans want to attach massive spending cuts to the debt ceiling bill (ironic given this is EXACTLY what they were whining about during the Speaker fight).

Raising the debt ceiling allows us to pay back money that we've already spent. Failing to raise the debt ceiling will result in the US Government defaulting on its debt. We are basically debating whether we should pay our credit card bill or not.

How should the debt ceiling be handled, and why? My position is that the White House should stick to its guns and force Republicans to make the hard choice. What do you think should be done and why?
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Why didn’t they cut spending when Trump was president? When they had the House, Senate and Trump?
 
Nordberg said:
Because they do not believe in it. That is what they tell the rightys, and they blindly believe it.
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Seems to me, they are trying to tank the economy so they can blame Biden. We are two years in and the Biden recession hasn’t happened!
 
Nordberg said:
Rumor is Laffer wrote that on the back of a napkin in a martini bar. They were tossing ideas back and forth to justify lowering taxes on corporations. Once he wrote it down, every single Repub said it on the floor of the senate and house. It is absolutely not true. But they managed to fool people for a few decades. The curve is fake and drawn for a purpose.
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It has no numbers on that chart

He give no percent that taxes should be set at


It merely claims that the rate should not be zero


And should not be 100%



Duuuh

At zero you get no revenue


At 100% people won’t work or start businesses because the government takes all the money



It’s an idiots dream to cling to laffer


His chart can be read to set taxes at 95% Or 5%



And it would work

It says next to nothing


The republicans just use it to always claim taxes are To High
 
Jarod said:
Seems to me, they are trying to tank the economy so they can blame Biden. We are two years in and the Biden recession hasn’t happened!
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Bingo



It’s a way to trash the economy under a dem leadership

The Republican Party cares nothing about the people or America


It’s all about them having power so they can sell out to the wealthy for piles of cash
 
floridafan said:
What part of the $8 trillion dollar Trump deficit was excess spending?
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I may not be fully understanding your question. I guess that's close enough to what I asked you though. So what part of the $8 trillion dollar "Trump deficit" WAS excess spending? Please don't answer that question with a question.
 
Concart said:
The hard deadline for raising the debt ceiling is sometime in early June. The ramifications are already being felt in the markets. Just the threat of a default is enough to cause economic angst among investors.

Democrats want a clean bill raising the debt ceiling. Republicans want to attach massive spending cuts to the debt ceiling bill (ironic given this is EXACTLY what they were whining about during the Speaker fight).

Raising the debt ceiling allows us to pay back money that we've already spent. Failing to raise the debt ceiling will result in the US Government defaulting on its debt. We are basically debating whether we should pay our credit card bill or not.

How should the debt ceiling be handled, and why? My position is that the White House should stick to its guns and force Republicans to make the hard choice. What do you think should be done and why?
Click to expand...

why didn't you idiots think of this when you spent money we didn't have?....
 
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