This "job-killing" jobs creation jobs bill.
By ladybugmagic
@ladybugmagic (3978)
United States
January 9, 2011 9:27pm CST
Republicans really must think Americans are stupid.
"Job killing 'tax hikes'"
And now, "job killing 'healthcare reform'".
What's next?
How about their job-killing bill blocking regressive agenda? Just call it what it is and quit obstructing getting us out of the 1800s and leaving the blame on the dems.
1 person likes this
4 responses
@trruk1 (1028)
• United States
10 Jan 11
If tax cuts create jobs, where are they? Some jobs were indeed created due to the Bush tax cuts. those jobs are in Malaysia and Panama and Thailand. Some Republicans now say we need to lower or eliminate the minimum wage. As if the economy would improve if we had more people working, but at a wage of $3/hour. These guys do not have a firm grip on reality. They live in a world of their own creation.
1 person likes this
@dark_joev (3034)
• United States
10 Jan 11
Tax hikes on Businesses kills jobs especially when you are talking about Social Security/ Medicare Tax hikes. As jobs have to add this as an expense of hiring some new workers. Also Taxing Businesses is one of the Dumbest political moves any one can make.
Businesses don't pay taxes ever. (That period should be bigger) If you increase Social Security Tax they have another reason not to higher more people as they have to pay a percentage to the government as well as the employee. They also with the Health Care Reform have to pay more per employee which as you make the Cost of Hiring more and more they will have no choice but to hire less and less. These recent threat of Tax hikes not on the people but on Businesses are Job Killers. Not to mention make the Cost of Living to go up. As businesses have to maintain an level of Profitability for them to be good for stock investments so that they can grow and higher more people. So if you raise taxes on Businesses they have only two choices 1) Raise the prices of some or all of their services {Issue with this is they could price themselves out of the market if the market is already at the lowerest prices}
2) Hire less people or pay them less.
So job killing taxes and health care is pretty close to the truth.
@Taskr36 (13963)
• United States
10 Jan 11
Trruk, you are thinking way too small. There were many variables that effected jobs after the Bush tax cuts including the worst terrorist attack in our nation's history, two wars, and a large multitude of natural disasters including Hurricane Katrina. Taxes are just one of MANY factors. Clinton for example benefited heavily from the internet. When Bush took office the rapid job growth from that was leveling out.
@dark_joev (3034)
• United States
11 Jan 11
Actually what I am proposing would create jobs as it would get rid of taxes on Businesses period. They can't pay taxes business are a collection of people who have to pay taxes. The Business itself does nothing it is the people in the business who do something. They (The Owners) have to make a decision to either hire people or not to and raising taxes on Businesses is what leads them to make the business smart decision to move the operations that they can over seas.
This Economic Ideology hasn't been tried because Politicans like to say "We are only increasing taxes on Businesses." it is easier for them to get support because most people seem to think businesses can pay taxes and it isn't the customer who pays those taxes.
If Walmart (Which lets say makes a profit of $100 million per year) instead of getting 10% taxed by the feds they now are going to get taxed 20%. Well they where planing to build new stores which where going to cost 75 million but now due to the tax hike they have to raise their prices and won't be building these new stores as it will break a rule or guideline in their Operation Plan. Many businesses have a point in which they will no longer make big purchases until they have a barrier from making a 0 profit where they are just paying operational expenses.
@ParaTed2k (22940)
• Sheboygan, Wisconsin
10 Jan 11
It's simple, if you make it cost too much to hire people, you kill jobs. But I guess that it too much for you to understand.
@ParaTed2k (22940)
• Sheboygan, Wisconsin
10 Jan 11
Tax cuts helped our economy through the attacks on 9-11, Hurricane Katrina and the triple shot of hurricanes on Florida in one season. But when the government BECOMES the problem, creating one bubble after the other, nothing can stave off a bad recession.
Now that I've answered your non sequitur, would you mind responding to what I actually wrote?
@sierras236 (2739)
• United States
10 Jan 11
It was actually President Clinton that messed with the Capital gains tax and raised it. When this happened, many companies were already looking overseas for cheaper operational costs. Remember, these business moves did not happen overnight. (It does take some time to get operations set up in a foreign country.) By the time President Bush took office, a big bubble burst was happening, the dot com industry. The companies were already moving out of the US and into cheaper countries. As a result, President Bush passed his tax cuts in an order to ebb the flow of business departures. There was no possible way to stop it. Then the attacks of 9/11 happened and things changed in an economical way as well as all of the other ways the country changed. After that, it is relatively easy to track the economic downfall. The housing bubble burst, the bank failures, the car companies, etc. The tax cuts were no way a stop measure to prevent from business leaving. It was meant for businesses to rethink moves overseas. Unfortunately, the economic indicators just kept getting worse and made the decision to move a far more desirable endeavor. Anyone who thinks that the tax cuts were meant to stop all jobs from moving overseas is just fooling themselves. They were meant to slow down the tidal wave that was already gathering steam.
