‘corporate america’ Tagged Posts

why does it seem like all republican plans favor the rich and big business over the working family?

JACKSONVILLE, Florida (Reuters) - Republican presidential contender Mitt Romney said on Saturday his 3.4 billion U.S. economic stimulus plan would res...

 

JACKSONVILLE, Florida (Reuters) – Republican presidential contender Mitt Romney said on Saturday his 3.4 billion U.S. economic stimulus plan would rescue an economy on the "tipping point" of recession. His plan foresees 1.4 billion in stimulus to corporate America in measures that include permanently reducing the corporate tax rate to 20 percent from 35 percent over two years and allowing businesses to depreciate the value of new equipment purchases faster.

McCain has voiced apprehension over proposals for temporary tax cuts and more spending as suggested by many Democrats and Republicans, saying they result in additional strains on resources. McCain has instead proposed cuts in corporate taxes from 35 percent to 25 percent, extension of Bush’s tax cuts, and elimination of the Alternative Minimum Tax, which was enacted to prevent wealthy taxpayers from using many deductions to avoid federal income taxes.
so not only does it seem they favor big business but it is actually their beleive that it is the best way to adress our economic issues.

i now understand how that 0.00 a year that the bush tax cuts have saved me is really due to the added economic growth due to the billions in tax credits given to oil corporations, who have used those credits to help keep the price of food, fuel and transportation down…… due to their brilliant development and research programs and the republican led business revival these oil giants some how managed to see historic profit margins. thanks to those wonderful incentives and republican management of the economy we have seen millions of jobs created
(minimum wage service sector jobs, which don’t come with a pension or 401k or health insurance….)
to make up for the higher pay industrial jobs which have been lost.

i was wrong, i don’t understand how i missed how much the wonderful job done by our leadership in washington had done for us

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