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Saturday in his weekly address President Obama said companies that avoid paying U.S. taxes by setting up overseas headquarters are “basically renouncing their citizenship.”The president said, “When some companies cherrypick their taxes, it damages the country’s finances,” (NO, NO, NO & NO...the ruling class elites damage the country's finances by spending money they don't have and involving themselves in areas of the private sector where they don't belong) adding, “It adds to the deficit. It makes it harder to invest in the things (Invest meaning SPEND) that will keep America strong, and it sticks you with the tab for what they stash offshore.” (As a side note, corporations don't pay taxes...people do. If you make these companies pay the taxes you think they owe, they will raise taxes hurting mostly the poor and the businesses trying to make a profit. The US does have the highest corporate taxes in the world which is why they do try to maneuver around them. How about lowering the tax rate so they won't bother with relocating outside the US?)
“Even as corporate profits are as high as ever, a small but growing group of big corporations are fleeing the country to get out of paying taxes,” Obama said. (Dude, the cost of business is rising because of Obamacare & the uncertainty that comes along with that, inflation, and the high cost of fuel but by all means let's talk about those pesky profits. Profits are a good thing. They pay salaries, which then pay taxes, which then pay for government services. Without profits, and LOTS of it, you would have nothing) “They’re keeping most of their business inside the United States, but they’re basically renouncing their citizenship and declaring that they’re based somewhere else, just to avoid paying their fair share.” ( Their fair share??? I hear this mentioned a lot. Can some one please tell us what their "fair share is? Business don't do this to be greedy and keep all of their profits, they do it to survive in a taxed to death & regulated to death environment. You would know this had you ever RUN a business...)
“Rather than double-down on the top-down economics that let a fortunate few play by their own rules, let’s embrace an economic patriotism that says we rise or fall together, as one nation, and as one people,” Obama stated. ("let a fortunate few play by their own rules" ??? Really??? You mean like your stimulus bill that bailed out the banks & the auto industry? I don't put this solely at your feet, Bush did it 1st, before he left. Remember when he had to "abandon the free market to save it"? That's kind of like Nancy Pelosi and having to "pass the bill to find out what's in it." Have you ever heard of the FED? You know, those "fortunate few playing by their own rules?" The FED is a banking cartel that protects the elite but let's not talk about that. Maybe if your corporate tax rate which is 35% and the highest in the developed world was lower then THEY wouldn't have to GO OUTSIDE OF THE US, IN ORDER TO SURVIVE. Again, you would know this had you ever had to sign your employees paycheck...
Economic Patriotism...more like economic destruction...
Saturday in his weekly address President Obama said companies that avoid paying U.S. taxes by setting up overseas headquarters are “basically renouncing their citizenship.”The president said, “When some companies cherrypick their taxes, it damages the country’s finances,” (NO, NO, NO & NO...the ruling class elites damage the country's finances by spending money they don't have and involving themselves in areas of the private sector where they don't belong) adding, “It adds to the deficit. It makes it harder to invest in the things (Invest meaning SPEND) that will keep America strong, and it sticks you with the tab for what they stash offshore.” (As a side note, corporations don't pay taxes...people do. If you make these companies pay the taxes you think they owe, they will raise taxes hurting mostly the poor and the businesses trying to make a profit. The US does have the highest corporate taxes in the world which is why they do try to maneuver around them. How about lowering the tax rate so they won't bother with relocating outside the US?)
“Even as corporate profits are as high as ever, a small but growing group of big corporations are fleeing the country to get out of paying taxes,” Obama said. (Dude, the cost of business is rising because of Obamacare & the uncertainty that comes along with that, inflation, and the high cost of fuel but by all means let's talk about those pesky profits. Profits are a good thing. They pay salaries, which then pay taxes, which then pay for government services. Without profits, and LOTS of it, you would have nothing) “They’re keeping most of their business inside the United States, but they’re basically renouncing their citizenship and declaring that they’re based somewhere else, just to avoid paying their fair share.” ( Their fair share??? I hear this mentioned a lot. Can some one please tell us what their "fair share is? Business don't do this to be greedy and keep all of their profits, they do it to survive in a taxed to death & regulated to death environment. You would know this had you ever RUN a business...)
“Rather than double-down on the top-down economics that let a fortunate few play by their own rules, let’s embrace an economic patriotism that says we rise or fall together, as one nation, and as one people,” Obama stated. ("let a fortunate few play by their own rules" ??? Really??? You mean like your stimulus bill that bailed out the banks & the auto industry? I don't put this solely at your feet, Bush did it 1st, before he left. Remember when he had to "abandon the free market to save it"? That's kind of like Nancy Pelosi and having to "pass the bill to find out what's in it." Have you ever heard of the FED? You know, those "fortunate few playing by their own rules?" The FED is a banking cartel that protects the elite but let's not talk about that. Maybe if your corporate tax rate which is 35% and the highest in the developed world was lower then THEY wouldn't have to GO OUTSIDE OF THE US, IN ORDER TO SURVIVE. Again, you would know this had you ever had to sign your employees paycheck...
Economic Patriotism...more like economic destruction...
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