Originally posted by sumydid
Corporations pay payroll taxes, investment income taxes, supply benefits to the workers, and keep people employed. Taxing them more may seem fair on the surface but the net result is they will quit supplying benefits, quit investing, and fire MORE people. Is that the result you are looking for?
It's not a revenue problem for our bloated, out-of-control-spending government. It's a spending problem.
I am not about to get into a fight over economics on a spirituality forum.
But the biggest corporations are in many cases paying zero taxes.
GE for example, paid zero taxes last year while making over 12 billion net income.
The taxes on the rich and major corporations in your country have plummeted in recent
decades, as have the number of people they employ.
You are in the middle of a jobs crisis, not a (nationally at least) debt crisis.
You have crumbling infrastructure that has to be fixed and upgraded.
You have massive unemployment in the building industry, and prices in that industry are
rock bottom.
You should spend on infrastructure putting tens/hundreds of people to work, who then can
pay their bills and buy stuff stimulating the rest of the economy, and at the same time boost
the economy by improving your infrastructure.
Republicans know this, as they (until this presidency) advocated it, and while they howled against
the undersized stimulus package at the beginning of Obamas presidency they then turned around
and lauded the benefits and claimed credit for it in their own states.
They are hypocritic racists who can't abide having a black (democratic) president, they don't care about
anything else.