STIMULUS NOT SEQUESTER

The GOP is currently refusing to add any revenue to the attempt to get our budget under control.

My last post showed how under Obama we are already at the lowest level of spending in many years, and within a couple of years, under legislation already signed into law, our Discretionary Spending will be a the lowest rate since WWII. If we could get our GP going again, it will be an even lower %.

The GOP need sto add some revenue to the mix. WE lost a great deal of revenue for the government to operate on during the Bush years. The wealthy have profited mightely due to that, while everyone else has seen a net decrease in earnings.

It's time to add revenue, buy elminating corporate subsidies and by reforming the tax code, in order to stop so many large coroporations from not paying any tyaxes.

Here are some faxes about taxes

In the Atlantic Magazine was an article with this:


"No, the U.S. is not a high-tax country. But saying exactly how not-high-tax we are gets a little tricky.   The graph below comes from a KPMG report excavated by Henry Blodget. It shows personal tax rates on $100,000 around the world. The U.S. comes in at 55th out of 114."

Here's the source:

http://www.theatlantic.com/business/archive/2013/01/how-low-are-us-taxes-compared-to-other-countries/267148/

Here's the graph, which makes it easy to see we are nowhere near the "high tax" level compared to other countries:
 


SO WE DO NOT HAVE HIGH TAXES COMPARED TO THE REST OF THE WORLD.

WHAT ABOUT IN THE USA?


This is from factcheck.org:

"Politicians talk about the burden of taxes incessantly. Now comes a rare chance to check the facts. And the fact is that federal tax rates had fallen to the lowest in 30 years when President Barack Obama took office — and fell again in his first year in office."

"LOWEST IN 30 YEARS"

HERE'S A CHART:




THESE ARE THE FACTS, H, YOU SHOULD LEARN SOME OF THEM SO YOU DON'T SOUND OFF WHEN YOU ARE WRONG.
Do you see how I use evidence to back up my points? If you want rational people to believe you, try doing that. knee-jerk repetition of right wing talking points is not persuasive to anyone but right wingers

now, back to taxes. CORPORATIONS DON'T PAY TAXES AT THE POSTED CORPORATE RATES, MANY HUGE HIGHLY PROFITABLE CORPORATIONS PAY NO TAXES AT ALL

THIS IS FROM INDEPENDENT SENATOR BERNIE SANDERS:

"Mitch McConnell was on the floor of the Senate saying the revenue discussion is over. Well, not for me. The truth of the matter is that right now you have one out of four profitable corporations in America paying zero in federal taxes. The percentage of revenue that we get compared to GDP today in corporate taxes is much much lower than it used to be. As I mentioned many times, we’re losing one hundred billion dollars a year from corporations and wealthy individuals who stash their money in the Cayman Islands and other tax havens. We have just enormous loopholes that corporations and wealthy people continue to take advantage of. "

hey tea party!  
  ARE YOU PAYING ATTENTION?

One in Four profitable corporations pay NO taxes!


SAY WHA..?

One in Four profitable corporations pay NO taxes!

DAMN! THAT'S WHAT I THOUGHT YOU SAID!

Here's an article from Bruce Bartlett, who held senior policy roles in the Reagan and George H.W. Bush administrations and served on the staffs of Representatives Jack Kemp and Ron Paul:

http://economix.blogs.nytimes.com/2012/09/18/are-corporations-overtaxed/

Read it and learn about corporate taxes from a genuine Republican conservative.

Here are a couple of excerpts:

"One problem with the Republican theory is that many big corporations actually pay little, if any, federal income tax. For example, The New York Times has reported that General Electric, the sixth-largest corporation in the United States, earned $14.2 billion in 2010, but disclosed in federal filings that it had no federal tax liability."

"According to Citizens for Tax Justice, G.E. paid a federal tax rate about the same as Continental Resources’ over the last 10 years – an average of 2.3 percent, including four years in which it received a net tax refund."


Considering we have cut the deficit under Obama, and are about halfway back where we were when Bush took over from Clinton, it is silly to focus on cutting government spending any further without first stimulating the economy.

STIMULUS BRINGS JOBS!   

STIMULUS BRINGS JOBS!    

STIMULUS BRINGS JOBS!