Obama Economic Stimulus Plan

#28
#28
allvol123 said:
True. But I do not even see a plan that would actually coerce any company into keeping jobs in America, in that post.
Click to expand...
Providing tax credits to companies that meet certain "standards"' is certainly governmental coercion.
 
#29
#29
therealUT said:
Providing tax credits to companies that meet certain "standards"' is certainly governmental coercion.
Click to expand...

It is an attempt to coerce them but I don't see an idea that would actually be worth accepting by a company. I mean how big of a credit is he suggesting? $5000 or so? So don't lay off an employee making $35,000 year that you have no work for in order to receive a $5,000 credit?
 
#30
#30
therealUT said:
Coercing companies into keeping jobs in America most certainly does not benefit the economy.
Click to expand...

I don't see it as coercion. You see, I see it as a way to make sure we don't out source to Indian labor that can do what we do for cents on the dollar.
 
#31
#31
nickknx865 said:
I don't see it as coercion. You see, I see it as a way to make sure we don't out source to Indian labor that can do what we do for cents on the dollar.
Click to expand...

So explain it, since you see it as a feasible idea. What exactly is the incentive he is going to give a company that will be enticing enough for said company to take him up on the offer and not lay someone off?
 
#32
#32
nickknx865 said:
I don't see it as coercion. You see, I see it as a way to make sure we don't out source to Indian labor that can do what we do for cents on the dollar.
Click to expand...
You do understand that private enterprises make those decisions based on their projected profits, right? That, then, is what is best for our economy.
 
#33
#33
allvol123 said:
So explain it, since you see it as a feasible idea. What exactly is the incentive he is going to give a company that will be enticing enough for said company to take him up on the offer and not lay someone off?
Click to expand...

Well, let's see what I can dig up.

Wall Street Journal
Another element would offer a one-year tax credit for companies that make new hires or forgo layoffs, which could be worth $40 billion to $50 billion. And the Obama plan also would allow small businesses to write off a broad range expenditures worth up to $250,000 in 2009 and 2010. Currently, the limit is $175,000.
Click to expand...

BBC News
Another provision would award a one-year tax credit costing $40bn-50bn to companies that hire new workers, and would provide other incentives for business investment in new equipment.
Click to expand...

Fox News
They were especially critical of a proposed $3,000 tax credit for companies that hire or retrain workers.

This does need to be bigger, and the person on the bottom is right on here

"If I'm a business person, it's unlikely if you give me a several-thousand-dollar credit that I'm going to hire people if I can't sell the products they're producing," said Sen. Kent Conrad, D-N.D., a member of the committee.
Click to expand...

It looks to be saving business' a good amount of money if they are a large company. But a smaller one might not benefit as much. Oh well, any tax credit is a good tax credit.
 
#34
#34
nickknx865 said:
Well, let's see what I can dig up.

Wall Street Journal


BBC News


Fox News


It looks to be saving business' a good amount of money if they are a large company. But a smaller one might not benefit as much. Oh well, any tax credit is a good tax credit.
Click to expand...


You didn't find anything that would convince me. I like how you kept highlighting "40-50BN". That is not per company, but it looks nice to throw it out there. Also, you're not going to see a tax credit big enough to entice someone to add on another salary. And if giving tax credit is so conducive to stimulating production, why not just cut tax rates on businesses?

Again, how does it save them money? I do not see the numbers. I just see proposed savings and credits. It says nothing about the expenses incurred for the cost of the labor.
 
Last edited:
#36
#36
allvol123 said:
You didn't find anything that would convince me.

1) I like how you kept highlighting "40-50BN". That is not per company, but it looks nice to throw it out there.

2) Also, you're not going to see a tax credit big enough to entice someone to add on another salary.

3) And if giving tax credit is so conducive to stimulating production, why not just cut tax rates on businesses?
Click to expand...

1) I know that. But nevertheless, 50 billion in tax credits isn't exactly a bad thing.

2) I agree here for the most part. But then again, the credits do add up enough, for a large company to keep a few people on salary.

3) Actually, you'd be surprised at the fact that I agree with that. But, if we are slashing taxes across the board, let's slash taxes on the individuals as well.
 
#38
#38
nickknx865 said:
1) I know that. But nevertheless, 50 billion in tax credits isn't exactly a bad thing.

2) I agree here for the most part. But then again, the credits do add up enough, for a large company to keep a few people on salary.

3) Actually, you'd be surprised at the fact that I agree with that. But, if we are slashing taxes across the board, let's slash taxes on the individuals as well.
Click to expand...

So in essence, you have agreed there is no substance to this plan. The economy is sucking wind and this man is a fool. Get ready for a possible train wreck.


Also, I had no idea he was slashing taxes across the board?
 
#39
#39
allvol123 said:
So in essence, you have agreed there is no substance to this plan. The economy is sucking wind and this man is a fool. Get ready for a possible train wreck.
Click to expand...

While I don't agree with most of the tax credit plan, it has it's benefits. It's not like the tax credit part of the plan is complete crap, but it does need to be improved a good bit.
 
#40
#40
allvol123 said:
So in essence, you have agreed there is no substance to this plan. The economy is sucking wind and this man is a fool. Get ready for a possible train wreck.


Also, I had no idea he was slashing taxes across the board?
Click to expand...

I didn't either. That's my idea.
 
#41
#41
nickknx865 said:
While I don't agree with most of the tax credit plan, it has it's benefits. It's not like the tax credit part of the plan is complete crap, but it does need to be improved a good bit.
Click to expand...

We can go back and forth but I have yet to see how it is not crap.
 
#42
#42
nickknx865 said:
I fail to see how.
Click to expand...
A $3,000 tax credit is going to be material to smaller businesses. Small businesses are less likely to be global enterprises. Therefore, many will receive a tax credit simply for the sake of being. Some of those will receive said tax credit and drop into a lower tax bracket. Graduated tax schedules are tools of wealth redistribution.
 
#44
#44
if you want to encourage business to hire American workers, cut the corporate tax in half, make every state a right to work state, eliminate the death tax, and drastically cut capital gains taxes.

also, stop the EEOC from being able to sue private businesses.

narrowly define what a disability is so some fat guy doesn't sue Bally's fitness center because he can't get a job there as a personal trainer.

reduce the regulatory burden on a business that wants to build new assets. As it is, the cost of compliance with OHSA, ADA and a thousand other little regulations make building new cost prohibitive.
 
#46
#46
allvol123 said:
I disagree. Please state the idea to me the best that you understand it, his idea.
Click to expand...

So you want me to state my idea of what his idea is, thus using my interpretation of his idea as my own idea?

Why not?

2003-1126-madden.jpg


Ok, what I think he wants to do is try and give a tax break to companies who keep jobs in America

This has been stated already

But, he doesn't know that this tax break isn't big enough. Now, I don't know what his economic advisors told him, but I think they said, "Ok, Mr. President, it's pretty obvious that our jobs in America are getting outsourced. Now, what we can do is offer this tax credit of say............$3000 to every company that keeps it's jobs here, as well as companies that keep people on the payroll that are about to get laid off/fired"

Obama says, "Sounds good, next issue"
 
#47
#47
nickknx865 said:
But, he doesn't know that this tax break isn't big enough. Now, I don't know what his economic advisors told him, but I think they said, "Ok, Mr. President, it's pretty obvious that our jobs in America are getting outsourced. Now, what we can do is offer this tax credit of say............$3000 to every company that keeps it's jobs here, as well as companies that keep people on the payroll that are about to get laid off/fired"

Obama says, "Sounds good, next issue"
Click to expand...

So he has referred to this as the worst economic time since the Great Depression and a $3000 credit is his master plan. Load up at Sam's nickknx. I'd suggest canned goods.
 
New posts
You must log in or register to reply here.

VN Store



Back
Top