Republican Tax Philosophy
- Thread starter CharminTide
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A few CEOs speak for all CEOs? No. And that's why my list contains "or" as its prefix. More accurately it should read "and/or". Each business will react to market and political forces and make the appropriate decisions. Regardless, I'd much rather see more of the private sector's money in the hands of the private sector instead of the wasteful hands of government.
While I'd like to see lower/flatter taxation, the far bigger problem is spending. The feds spend about $4,000,000,000 a year. That's ridiculous. Not even considering the unconstitutional spending, realize that the federal government is the largest buyer of goods and services in the world. Each of the countless transactions is filled with a lot of waste.
Actually both sides only care about the people who will re-elect them. Everybody else can just deal with their mistakes. and that is what is consistent.
I don't disagree, but I'm also going to push back against the false equivalence that some (not necessarily you with this post) make.
Dems aren't screwing consumers to benefit the telecom industry. Dems aren't trying to sell our National Parks for corporations to destroy with drilling. Dems aren't financing tax cuts on the wealthy donor class by taking away healthcare from children and poor Americans. Dems aren't making it harder for kids and young adults to get an education in order to further consolidate wealth in the 1%. Dems aren't abolishing protections against predatory lenders in order to grow corporate profits. I could go on for pages. Now, I'm hardly trying to argue that Democrats are as clean as pure snow, and both parties are beholden to the people who fund their campaigns (IMO, this is the largest single problem in American politics). But there are definite patterns to which groups each party is consistently trying to help, and who they're willing to harm in the process.
Note to all, think carefully about becoming or continuing to be owners in any such companies.
My firm by the way is already considering all the financial opportunities that will arise with materially lower corporate taxes. It could have a meaningful impact on customer costs for example.
IMO the best thing government can do to lower tuition is to get out of the student loan business. Causing costs to rise and then trying to make up for some it on the back end through deductions, exemptions, etc. is too much bureaucracy and too much inefficiently rigging the system. Far too many people take on too much debt pursuing degrees that don't improve one's lot in life. The government encourages way too many bad decisions.
Sure, I'd much rather trust Betsy DeVos with my student loans.
What we probably can agree on is that too much focus is placed on 4-year degrees, when many people would be better served by vocational schooling that has largely evaporated. When essentially all jobs require more than a GED equivalent to even be interviewed, but all available schooling entails high cost and requires loans repaid at high interest rates, you're going to get a young population that enters the workforce in debt. Not everyone will be able to pay that off. Of those who can, their early years are focused on paying off their loans at the expense of spending that actually grows the economy -- like houses, cars, leisure. They hold off on having kids or starting families. It's a cascading effect that impacts the entire country. And until millennials get over their political apathy and start voting out the politicians who keep these absurd systems in place, the student loan industry will continue to drag our economy underwater like a cement block.
No, they just made mine illegal. Because I am too stupid to know what "healthcare" works best for me.
The arrogance that some schmuck politician can make that decision better than I can is why I despise ALL demonrats.
And about 90% of all repubilicants.
The end result is I have to pay a penalty, because I can not afford to buy insurance the gubbament insists that I have.
To fund giving "healthcare" to the so-called poor.
If I want to keep what little money that I have, I am called greedy. For someone else to demand that I fork it over....................somehow, they are not seen as greedy.
Anyone who believes that crap can move to Europe. And stay there. My family already bailed on it, for that very reason.
Cheap money always leads to a bubble. When it bursts, the folks who created it clamor for more gubbament control.
Right...................that makes sense...................
You know what my company does with extra money? Uses it for acquisitions. You know what happens during acquisitions? Streamlining operations a.k.a. layoffs. So when CEO's say they are going to look for acquisitions, this is going to have a negative impact on jobs.
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If only we had data on what happened after corporate tax rates are cut.
Oh wait, wages fell for 10 years following the Reagan tax cuts according to Reagan's economic advisor
Oh wait, wages fell for 10 years following the Reagan tax cuts according to Reagan's economic advisor
A timely example of the glorious free market at work.
Almost all student loan fraud claims involve for-profit colleges, study finds
Does anyone know how the tax plan will affect student-athletes? If it technically counts as a waiver, this tax plan could be the death of major college athletics, especially since tuition counting as income would greatly strengthen the argument that student-athletes are employees, and not merely student-athletes.
I have lots of problems with the tax plan in general, but taxing waived tuition as income is asinine. It is not earned income, and many PhD candidates are done taking classes for much of the time they spend in the program (at least in STEM). Past year 2 or so they spend the vast majority of their time as researchers. This plan makes us less competitive with essentially all other Western countries in such a highly competitive field that would drive our economy forward.
That said - a plan that moves towards lower business taxes and easier filing for businesses is very much needed. Small businesses that are already at a disadvantage considering scale and other factors get crushed by having to make entrepreneurs experts in tax just to stay competitive with the likes of Wal-Mart and Amazon.
I have lots of problems with the tax plan in general, but taxing waived tuition as income is asinine. It is not earned income, and many PhD candidates are done taking classes for much of the time they spend in the program (at least in STEM). Past year 2 or so they spend the vast majority of their time as researchers. This plan makes us less competitive with essentially all other Western countries in such a highly competitive field that would drive our economy forward.
That said - a plan that moves towards lower business taxes and easier filing for businesses is very much needed. Small businesses that are already at a disadvantage considering scale and other factors get crushed by having to make entrepreneurs experts in tax just to stay competitive with the likes of Wal-Mart and Amazon.
don't you know that using loans for anything other than a stem or business degree is a fraud
Current tax plan eliminates tax deduction for athletic donors. So it will directly impact BAMA.
http://abcnews.go.com/Sports/wireStory/gop-tax-bill-impact-pro-college-sports-50992582
http://abcnews.go.com/Sports/wireStory/gop-tax-bill-impact-pro-college-sports-50992582
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