What amazes me is the republicans can say lower taxes, which have been in effect for ,what , ten years, creates jobs and in the next sentence, say President Obama where are the jobs.

And they manage to say it with a straight face, too.

On Meet the press, the CEO of Honeywell said sunday If you want to see an explosion of jobs, just cut the corporate tax rate to ZERO. He also alluded to the public would be up in arms and thats why jobs are not being created.
I wonder what the next excuse would be for them if the corporate rate was ZERO?

Well, Indiana has a Repub Gov and a state surplus. Over 1 B. Last year it was only 3 mil or such. Let me know if any Dem Gov is doing any better.
Tom

So what would happen if the corporate tax rate WERE zero? Would revenues to the state and federals Treasuries plummet? Or would they increase? Is there any data to support either position?
If employment went up, then revenues, based on new people paying income taxes, would likely increase. Would the increases be sufficient to more than offset the loss of corporate taxes? I don't know.
Do you?
Would we be worse off than now? Again, I don't know.

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1982 300SD " Wotan" ..On the road as of Jan 8, 2007 with Historic Tags

When the current tax rates are producing no jobs "common sense" dictates you must cut them even more.

Unfortunately for all of US Ron just makes too much sense to get serious consideration--If he ever made it to the ballot even, I would have to vote for this repub, but he's a rino.

They have had the cush corp tax breaks forever--They haven't hired-and are not going too. Excuses Excuses..

Ron Paul

I think he is the kind of president this country needs.

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Jim

Remember we live in a WORLD economy. Investors are not limited to investing only in the US. If they can get a better return ( however they define that) they will invest overseas. In fact some money mangers have a fiduciary responsibility to try to get the best return.
So if the US, for whatever reason, isn't as good an investment as, say China, then the money, and the jobs flow to China. If we want the US to be competitive, then we need to allow businesses to do what they need to do to compete----or our economy suffers.
We can require all the GREEN efforts we want, but if they put the company at a competitive disadvantage, and the jobs go away, what was the benefit?

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1982 300SD " Wotan" ..On the road as of Jan 8, 2007 with Historic Tags

This country now possesses the strongest credit in the world. The full consequences of a default -- or even the serious prospect of default -- by the United States are impossible to predict and awesome to contemplate. Denigration of the full faith and credit of the United States would have substantial effects on the domestic financial markets and on the value of the dollar in exchange markets. The Nation can ill afford to allow such a result. The risks, the costs, the disruptions, and the incalculable damage lead me to but one conclusion: the Senate must pass this legislation before the Congress adjourns.

What legislation?

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1982 300SD " Wotan" ..On the road as of Jan 8, 2007 with Historic Tags

A potential problem with term limits is that it thwarts the voters' wills.

I understand the increasing appeal of it -- hell, it worked well in my state legislature! But it seems a tad anti-democratic.

The one that authorized Ronald Reagan to raise the debt ceiling. The quote is from President Reagan's November 1983 letter to Senate Majority Leader Howard Baker, Jr.

And now class . . . how many times was the debt ceiling raised while Reagan was president? If you think it's 17, you're smarter than most of those currently in Congress.

The AP had a story over the weekend how Nike can't do anything about the treatment of the people in china's factory making converse gym shoes. There were reports of supervisers throwing shoes at workers and kicking them for making mistakes.

Would that be what your advocating when you say we should let a company do what it needs to compete?

I would think dollar for dollar trade tariffs would help the competition.

Now Nike could always refuse to do business with that company, but, ya know that might hurt the bottom line

I was advocating nothing--just pointing out some economic realities.
Tariff are nothing but taxes on your own people to make them pay more for imported goods.
Anything we do to the economy has repercussions. Sometimes, it seems that governments think they operate in a vacuum. They do not. You make it prohibitive to make Nike shoes here, they move the factory and the jobs to where they can operate.

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1982 300SD " Wotan" ..On the road as of Jan 8, 2007 with Historic Tags

Google: Smoot-Hawley Tariff. These geniuses were going to correct trade inequities through tariff legislation.

Interventionist Republican policy at its finest.