Off-Topic: Hound - reply, a bit long winded

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	Name:	water_watcher -
	Subject:	Hound - reply, a bit long winded
	Date:	9/16/2011 11:52:59 AM (updated 9/16/2011 11:53:40 AM)

That is why the committee was a dumb idea by both sides. What he was saying is that the GOP will refuse more taxes or increase ... but would accept tax reform that generates more revenue, but not new taxes or increases in current rates. I have to agree with that ... the objective is more revenue ...

But Obama and the dems said they would not accept any reduction to SS or medicare ... so where does that leave us ... smae place as before the committee was formed.

Personally, I do not want business tax incentives to create jobs .... business will add jobs if there is a need and demand. The key is what will create demand and more investment in this country .... lowering the rates to compete with other countries (main reason companies build plants in other countries - not just cost of labor), and allow companies to bring earning back to the US tax free will stimulate growth, demand and more employment. No special incentives to hire workers are needed. Foolish.

The sooner Obama gets that, the sooner jobs will be created and tax revenues will increase. Right now we incent companies to move jobs elsewhere. Our capitalist system makes companies want to maximize profits, so if other countries provide the incentive, they do it ... we need to compete and stop penalizing our corporations.

That is what I am refering to as tax reform ... corporations will invest, we don't always need the government doing that ... including this solar company ... if they created a tax break for venture capital dollars going in to green energy ... they would find the best opportunities to invest in to get a return. Why is Obama investing (and losing) tax payer dollars?