February 03, 2009
– Comments (7)
14:26 Senate Republican plan proposes cutting U.S. corp. tax bracket to 25% from 35% for 1 year - Reuters
That will help google, appl, msft, wmt, pg, jnj.
Is there any other company that is actually making money that would have to pay taxes?
Demon I am a bear as well in this environment but we can't hide the fact that majority of companies make profits and huge amounts of it. Go see how much XOM made, more than majority of the worlds nations GDP.
Yeah, give the corps. more of our money so they can send more jobs overseas. The Repubs will be irrelevant until they come to grips with the truth that "trickle-down" economics did not, does not, and never will work. Greed will always make sure nothing gets out of the first level!!
forgive me for being cynical, but in regards to XOM that extra 10% will end up going to the CEO and big execs who will pat themselves on the back by awarding another hundred million+ golden parachute to whoever is sitting in the top chairs. Neither the lay public nor shareholders will get any benefit out of it.
send "those" job overseas? hmm ok, I'll bite. So they send "those" jobs overseas and that leads to what? More profits for the company. Profits only go to 2 places: reinvested into the business (ie, buying stuff from suppliers) or distributed as dividends to investors (which would include your 401K mutual funds). Where it does not go: under the corporate mattress or in an old coffee can in the controller's cubicle.
As for "those" jobs overseas---when "those" people buy more Coca Cola, Boeing airplanes, Levi Jeans and Starbucks coffee, is that a bad thing?
And when companies from "those" countries hire a bunch of Americans (in the US) to work here (in the US), is that a problem? Should we tell Siemens and Toyota to fire everybody and take their stupid businesses back to Germany and Japan?
You have it all figured out---"those" people are a problem.
You were the one who twisted "those jobs" into "'those' people".
I hope this passes. I pay corporation tax, and any profit I made/held onto last year before the 3rd qtr. drop is needed to sustain my business this year. Small businesses could use a one year tax reduction. Some of us are trying everything possible to not cut employees' hours.