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Thread: Obama to Unveil Corporate Tax Plan

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    Obama to Unveil Corporate Tax Plan

    The Treasury Department will unveil President Barack Obama's corporate tax reform plan on Wednesday, senior administration officials told CNN.

    Treasury Secretary Tim Geithner told a Senate panel last week the plan will be an effort to find "common ground" on broad principles between Republicans and Democrats on Capitol Hill.

    "We want to maximize the chance we can take advantage of that (common ground) to build consensus on something that's going to work," Geithner told the Senate Finance Committee.

    The Obama administration has been talking about unveiling a plan to fix the corporate tax system for well over a year.

    Senior administration officials Tuesday would not provide details of the president's plan. They said it will be consistent with his commitment to fairness and the message he laid out in the State of the Union address.

    In the State of the Union address and in subsequent speeches, Obama has called for ending tax breaks for companies that outsource jobs overseas and lowering rates for U.S. businesses that create jobs at home.

    http://www.cnn.com/2012/02/21/politi...xes/index.html

    Sorry, I'm just not buying it. Obama is only proposing this to get mileage for his reelection campaign. When it invariably fails or they hammer out some "compromise" that isn't remotely effective, Obama will then blame the Republicans. In the meantime he will keep working for G.E. and the others.

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    Senior administration officials Tuesday would not provide details of the president's plan. They said it will be consistent with his commitment to fairness and the message he laid out in the State of the Union address.....snip~

    The Buffet Plan.....30% right? I think he pronounces it Buff-fey.
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    All you can eat for $35,000 a plate, that's how Obama's dinners have been going lately.

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    Just remember that we pay corporate taxes.

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    Quote Originally Posted by Conley View Post
    All you can eat for $35,000 a plate, that's how Obama's dinners have been going lately.

    One things for sure if I am an Obama Donor at that much for a dinner. My azz is going home with the plate, silverware, glasses, and the fricken table cloth that is on the table.
    History does not long Entrust the care of Freedom, to the Weak or Timid!!!!! Dwight D. Eisenhower ~

  6. The Following User Says Thank You to MMC For This Useful Post:

    wingrider (02-22-2012)

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    Quote Originally Posted by Peter1469 View Post
    Just remember that we pay corporate taxes.
    you are right on that score.. Corpaorations do not pay taxes period..any thing they have to pay is immediatly passed on the their consumers,, that means you and I and everyone else that buys their products.. so by increasing the Corp tax it is in effect a tax on consumers.
    The eastern world, it is exploding, violence flaring bullets loading. you are old enough to kill , but not for voting, this whole crazy world is just to frustrating, and you tell me over and over and over again my friend, you don't believe we are on the EVE of DESTRUCTION.


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    Quote Originally Posted by MMC View Post
    One things for sure if I am an Obama Donor at that much for a dinner. My azz is going home with the plate, silverware, glasses, and the fricken table cloth that is on the table.

    lmao ..................
    The eastern world, it is exploding, violence flaring bullets loading. you are old enough to kill , but not for voting, this whole crazy world is just to frustrating, and you tell me over and over and over again my friend, you don't believe we are on the EVE of DESTRUCTION.


    Never approach a bull from the front, A horse from behind, or a fool from any direction.

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    I heard this morning he wants to drop the corporate tax down to 26-28%. Under the 30% it is now. Says Republicans should agree with this.
    History does not long Entrust the care of Freedom, to the Weak or Timid!!!!! Dwight D. Eisenhower ~

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    Quote Originally Posted by MMC View Post
    I heard this morning he wants to drop the corporate tax down to 26-28%. Under the 30% it is now. Says Republicans should agree with this.
    Hmm interesting. Along with that small drop I wonder if he is proposing closing any loopholes?

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    Quote Originally Posted by Peter1469 View Post
    Just remember that we pay corporate taxes.
    Well by that argument, do you propose eliminating corporate taxes altogether?

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