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CRs need to end….period.

Politicians need to put their names on a real budget.

What I heard on the news was that the Republicans caved to the Democrats again, a Faustian bargain of sorts, agreeing to a proposed budget that has no meaningful cuts in spending, but might only if the stars aligned perfectly slow down the increased rate of spending a tiny bit. And the Republican leadership was doing a victory dance as if they were doing something conservative.

And what HockeyDad said

I tend to agree. I personally think we are way pass the point of no return.

The only way I see to reel it in is to make deep cuts. Those cuts would have to be so severe that some programs would need to cease altogether. But, that would require every member of Congress to go on record voting to eliminate something dear to their constituency. Doing so would many of get them voted out of office.

Cuts, austerity and improving economy will combine to decrease the debt to a more manageable level.

Pretty much, there is no political will or a moral backbone to do what's right. I heard one Republican congressman say yesterday that there aren't but a few actual conservatives in the Republican party. Most of them are more than happy to just conserve the status quo and not rock the boat.. Some things never seem to change.

But never - NEVER - increase corporate taxes!

Trump's TCJA gave massive tax cuts to businesses. Many large, profitable corporations are paying no tax.

As as we all know; when a company or a rich man pays no tax it makes us all rich!!!

Don't you know sarcasm when you read it?

LEFTY sloganeering about taxes and the state:

"Taxes are what we pay for a civilized society"
"I like to pay taxes. With them I buy civilization."
"The power to tax is the power to save more lives."
“Only the savage pays no taxes.”


I like these truthful quotes though:

"Taxation is theft"
“The state is the great fiction by which everyone endeavors to live at the expense of everyone else.“
“Taxes are the price we pay for failing to build a civilized society”
"If, as many people seem to believe, “taxes are the price of civilization,” this seems to imply not only that we live under the implicit threat of barbaric chaos, but also that there is some mischievous organization out there which, in order not to unleash that chaos on our doorstep, demands that we pay an expensive ransom."

Even that commie Engels wrote the truth about taxation and the state: “the state is nothing but a machine for the oppression of one class by another, and indeed in the democratic republic no less than in the monarchy.”

Add to that the fact that no one on either side of the isle is willing to make cuts to programs held sacred in their platforms means business as usual.

$1.7 trillion in cuts means elimination of social security and the entire military.

You can’t use 2021 Great Reset spending numbers. They’re crazy.


$6.1T spend $4.4T revenue is 2023 FY

https://home.treasury.gov/news/press-releases/jy1829#:~:text=Outlays%20were%20%246.1%20trillion%20in,%24137%20billion%2C%20or%202.2%20percent.

You would ask anyone this clown show to “give it a rest”? You know better than that.

You believe that Amazon moved its corporate operations off shore - and there for pay little to no tax? You know that Amazon has a huge corporate operation in the 50 states, right?

Oh - and we should raise corporate taxes.

Forgive my mistakes.

1) I should have used Apple as an example vs Amazon.
2) Should have said operations not corporate headquarters.

https://itep.org/fortune-500-companies-hold-a-record-26-trillion-offshore/#:~:text=Congressional%20hearings%20over%20the%20past%20few%20years%20have,lesser%20known%20companies%20such%20as%20Oracle%20and%20Symantec.

And yes I do certainly believe Amazon pays little to no taxes. In fact, its net tax burden for 2020 was 9.4%, which less than half of the statutory rate of 21%, on revenue of $24B.

https://itep.org/amazon-has-record-breaking-profits-in-2020-avoids-2-3-billion-in-federal-income-taxes/

But, isn’t its founder and CEO a Democrat supporter and mega donor? Don’t Democrats as a whole espouse higher taxes. I guess they do as long as they’re not the ones paying them.

As a someone who votes Democrat, I’ll tell you the problem is too much of the tax burden is on the middle class. And that large corporation and the wealthy do not pay what they should as they have lobbyist and in general own officials that can see to their interest at the expense of the middle class.

And while I’m at it; I’ll tell you that the mega churches and their businesses should be taxed. This is because I’m no only a crazy liberal but and agnostic as well.

Don’t disagree that the middle class shoulders a large overall percentage of the tax burden. But, the notion of ever collecting a statistical significant portion of taxes from the corporate sector has been, currently is and forever will be a pipe dream.

The corporate tax rate is 21% on net earnings. Yet, as evidenced by the second article I sent you large corporations will NEVER pay that rate and in most cases nowhere near that rate. Why? As sure as taxes or increased or some credit expires a new credit will take its place. Congress “fixes” loop holes only for 3 to take its place. Then Congress bickers over the new loop hole for x number of years. Then closes it. However that closing is usually offset by something new. Or savy accountants figure a way around it. Lather, rinse, repeat.

However, suppose Congress finally gets it right. A perfect and equitable tax code is by some miracle born. Now corporations have to pay their fair share. Well that’s going to play havoc on their share price. Investors are going to start looking for new stocks whose sale price was least affected. Do you think these formally greedy corporations are going to be satisfied and tow the new line? Doubtful. They will simply start raising prices to offset after tax earnings drops to push their share price as high as possible back the their prices before this new tax.

So now we’re right back where we started. The middle class shouldering too large a burden because they are paying a new tax. However, it’s not an income tax. It’s an inflation tax. So when it’s all said and done what was accomplished? Probably very little.

I forget what caused it but I remember when Biden was touting what has become known as Bideomics he promised lower taxes on people whose earnings were below a certain threshold. The reality is that program actually raised the costs born by the middle class.

The answer is to not keep increasing corporate taxes in an unending search of some holy grail solution that doesn’t exist. It would be far wiser to find a way to disincentivize retained corporate earnings. By doing so more dollars enter the economy and as a nation we benefit from the multiplier affect. It sounds like Reaganomics in a way but with some tweaks. It needs to ensure that money currently removed from the economy is brought in to the economy.

First off I don't think the rich people would like that idea - then there is the matter of how to do it.

It does worry me that it sounds like your idea is base on the idea that companies will never "net net" pay their fair share - you're prolly right about that.

But when Cinnamon Hitler give them a huge tax break - and then we don't want to undo it - who to blame them?
Us I think.

Brewha is most definitely a sadist. He can't deny it.
It's been a Jacobin lefty thing since the French Revolution to inflict as much pain as they can on people they don't like.