Will either party discuss lowering the capital gains tax or lowering taxes on corporations that will "allow" them to move their operations back to the USA...
We must stop taxing small businesses out of business...
We must offer corporations a long term tax deal to bring them "home"...
We must allow these corporations to create jobs of all kinds,mfg,tech,etc...
We the people will reap the rewards,a couple million more people paying IN taxes thru payroll and SS tax..
TAX AND SPEND is NOT the answer....
keep it simple folks..our economy is falling apart due to higher taxes on corporations forcing them to move to other countries...Philippines ,Mexico,India,Pakistan...etc...
join Boon Pickens...drill baby drill....NOT..spend baby spend..or tax baby tax...
let the debate begin......................................................................
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openmindedguy
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Oct 7 @ 9:50PM
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Let us not forget the other part of the issue. Increasing taxes on business entities has certainly made moving operations to other countries a very desirable option, but we still have to thank NAFTA for making it so easy.
We cant do much about this bail out now, but we can do our part to help fix the economy. Suspending capital gains tax or at least lowering it to a much lower level will help get people investing. Who wants to invest when our goverment punishes you for being succesful. As investers I believe we should keep our money in investments till the market comes back around. Remember it is only a loss if you sell it. Also the the dips in the market drives down stock values this means stocks sell for less and means that you get more stock for the dollar. When the market returns, your potential for profit is greater for the wait.
The Economy is driven on spending. While spending should be encouraged to grow profits which helps lead to job creation, we need to be smarter about doing it. Relying on credit is a danderous part of what created our economic problems. While some credit can be a good thing, it should be a small part of our overall financial picture. If you have never listened to Dave Ramsey, it might be worthwhile check out what he has to say. Putting his principles to work can have an amazing effect on your financial outlook. And he shows you how you can build a debt free lifestyle that you can realy enjoy.
Getting back to taxes. I understand that a goverment needs money to run. A well thought out tax plan that doesn't reward under achievers while punishing success is what we need. Pushing all the taxes onto corporations pushes these companies to find locations to manufacture products at lower costs. I like the idea of a two fold tax initiative here. Lower taxes to encourage companies to keep jobs here and have an increased tax option for those who decide to send jobs over seas.
Lets put NAFTA back on the table and over haul it so that we get some benefit from it. Or maybe we should accept it is bad policy and get rid of it.
Energy....? Lets get to drilling. It creates job, reduces need for foreign oil, and could help reduce prices at the pump. Lets not stop there. How about tax incentive for oil companies to develop alternative energy technologies. They benefit from lower taxes while creating jobs and finding alternative energies for fuel. A win win in my book.
If you have more people working you can tax each one less and still collect the same amount of money. When people have more money they spend more. This drives the economy. Lower capital gains taxes encourages more investing which drives the economy. Also people who dont feel as though they are being punished for making money are encouraged to save as well and that lowers their need for government assistance in retirement.
Well thats my 2 cents worth.
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Kentuck
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Oct 7 @ 10:13PM
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Get a grip and see the light. Taxes is not the reason they took their manufacturing and telephone service abroad--it was plain old cheap labor.
Child labor.
Why pay an American worker 20 bucks an hour (that is you and your union demand--full medical service) when they can get it for 1 dollar per hour or less and sell the manufactured product here in the USA for the same price as if it was made here. This is the greed that is required to appease the stock holders.
As Veco boys and the Wall Streets groupies have said--we make money without having money.
So, put the blame where it belongs---greed by stock holders and CEO
Just read tonight---AGI sent it's top officials to a resort in Nevada--bill 440,000.
yes this is the same money that is to be used to bail them out.
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chatillion
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Oct 7 @ 10:37PM
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I watched the debate online tonight... it was very good and I saw NO CLEAR WINNER. Both made strong points.
openmindedguy said:
...How about tax incentive for oil companies to develop alternative energy technologies.
Think about that... oil companies are profiting billions and you are suggesting 'other ways' to generate tax free (reduced tax) benefits, essentially other avenues to acquire income... read: more ways to monopolize on energy.
I say no. Let someone else explore other means of energy. Let someone else have a chance... hopefully that 'someone' isn't oil money smiling back at us.
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DOOF54
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Oct 7 @ 10:42PM
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Child labor also prison labor in China..prisoner chained to work station must meet quota in order to receive his bowl of rice...pay another worker 8 bucks an hour even?  ...that prisoner could care less about quality..thus the rotten stuff we get imported from there..
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Slohand_47
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Oct 7 @ 10:45PM
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One of the topics was money for research. Folks, the gov does not need to fund research. If there is a buck to be made, people will figure out how to make it on their own...... IF ........ you don't tax the shit out of it first.
But going after those big, bad, companies is popular with people who are not happy with their financial situation. Never mind these companies employ a LOT of people.
The big problem is CEO's making MULTI millions..... while doing a crappy job. Pay should be based on results..... not a promise.
When they asked who the new financial guru should be...... first name that came to MY mind..... (if he'd take it) ....... Le Iacocca. And yes, Warren Buffet would be another. Someone who has actually made a splash in the financial pool....... not some theorist who's never really accomplished anything.
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DOOF54
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Oct 7 @ 10:46PM
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it was very good and I saw NO CLEAR WINNER. Both made strong points.
experience is what will win, or at least should win this election
being a moderate democrat I am leaning toward the moderate republican in this election
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DOOF54
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Oct 7 @ 10:52PM
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The big problem is CEO's making MULTI millions..... while doing a crappy job. Pay should be based on results
when a CEO leads his/her company down the toilet...he/she should not walk away with 55 million dollars 
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Tiramisu4u
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Oct 7 @ 10:56PM
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Well...if you ask me....
I think that the def winner is.................., ahd his comments on............. had a very valid point!
But I REALLY liked the proposal to....................and think that................... would be a def .............., especially if ..........................follows through with the extra plan to...............................
But I took offense when ............................said that ....................... went and .............................and then he ..........................!!!!!!!!!!!!!!!!!!!!!!!!!!
If anyone disagrees, you can go ......... ...................self......  
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DOOF54
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Oct 7 @ 11:05PM
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Who wants to invest when our goverment punishes you for being succesful.
that says it all 
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DOOF54
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Oct 7 @ 11:07PM
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But I took offense when ............................said that ....................... went and .............................and then he ..........................!!!!!!!!!!!!!!!!!!!!!!!!!!
yes..I was a bit offended when he said .....but he was kinda right 
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