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Old November 23rd, 2015, 04:26 PM   #11
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This sounds exactly like your prediction before the 2014 mid-terms, but the Millennials preferred a Republican controlled Senate and they got one.
Uh, no, they didn't. A record low 32% in mainly red state districts, with only obssessed idiots like you that turned out won you seats in the 2014 midterms.

It was the turnout by them that won Obama the election twice with over 50% of the vote.

An election phenomena that will be repeated next year.

Keep on living the delusion pal. It is entertaining if nothing else.
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Old November 23rd, 2015, 04:32 PM   #12
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Uh, no, they didn't. A record low 32% in mainly red state districts, with only obssessed idiots like you that turned out won you seats in the 2014 midterms.

It was the turnout by them that won Obama the election twice with over 50% of the vote.

An election phenomena that will be repeated next year.

Keep on living the delusion pal. It is entertaining if nothing else.
Read it and weep: Harvard Institute of Politics


And quit whining about the turnout. It has been that way for over a century with the same predictable results.
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Old November 23rd, 2015, 04:40 PM   #13
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You're right. The corporate tax should be lowered to 15%. Along with a new law preventing inversion the second it goes into place, and stiff tariffs put on all products by corporations that have engaged in inversion, and end all subsidies of every kind. Then we immediately enact a Wall St. transaction tax of 1 cent per trade.

A fair and equitable tax system.
I disagree. The corporate tax should not be lowered to 15%. You are assuming that corporations would then send their lobbyists home. If you lowered the corporate tax to 15%, their lobbyist will have tax loopholes added later and the common taxpayer would end up paying the corporations for refunds. All the government needs to do to stop the drug companies from inverting is to just pass a law excluding any such company from qualifying to participate in the Senior Prescription Drug Program. Why the hell should the taxpayer subsidize a company that refuses to pay it's own taxes ?
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Old November 23rd, 2015, 04:59 PM   #14
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I disagree. The corporate tax should not be lowered to 15%. You are assuming that corporations would then send their lobbyists home. If you lowered the corporate tax to 15%, their lobbyist will have tax loopholes added later and the common taxpayer would end up paying the corporations for refunds. All the government needs to do to stop the drug companies from inverting is to just pass a law excluding any such company from qualifying to participate in the Senior Prescription Drug Program. Why the hell should the taxpayer subsidize a company that refuses to pay it's own taxes ?
I understand where you're coming from cam, but as I stated, you don't just get the rate cut. The end of all subsidies in any form, along with cutting the loophole deductions goes along with it. Yeah, they get the rate cut, but they pay 15%. The whole 15%. We then get a 1 cent trade tax on their Wall St. investments which would total over a trillion a year in revenues. With the right Congress in place, their offshore tax havens go away to. You can make those things happen by cutting the rate. They won't be able to cry foul to the 99% about the other items after getting a tax cut.
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Old November 23rd, 2015, 05:01 PM   #15
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I understand where you're coming from cam, but as I stated, you don't just get the rate cut. The end of all subsidies in any form, along with cutting the loophole deductions goes along with it. Yeah, they get the rate cut, but they pay 15%. The whole 15%. We then get a 1 cent trade tax on their Wall St. investments which would total over a trillion a year in revenues. With the right Congress in place, their offshore tax havens go away to. You can make those things happen by cutting the rate. They won't be able to cry foul to the 99% about the other items after getting a tax cut.
What is a loophole deduction and what is the "whole 15%?

The 1 cent transaction tax will only lose money as it always has.
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Old November 23rd, 2015, 05:06 PM   #16
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~17.5% is a lot more attractive than 25% when you're a multibillion dollar corporation.

$50,000,000,000 revenue * 7.5% (tax savings from inversion)

= $3.75 billion in savings

Yes... the tax rate is important, people.
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Old November 23rd, 2015, 05:11 PM   #17
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~17.5% is a lot more attractive than 25% when you're a multibillion dollar corporation.

$50,000,000,000 revenue * 7.5% (tax savings from inversion)

= $3.75 billion in savings

Yes... the tax rate is important, people.
Yes it is. But also how it's applied, and to whom it is applied.
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Old November 23rd, 2015, 05:12 PM   #18
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I understand where you're coming from cam, but as I stated, you don't just get the rate cut. The end of all subsidies in any form, along with cutting the loophole deductions goes along with it. Yeah, they get the rate cut, but they pay 15%. The whole 15%. We then get a 1 cent trade tax on their Wall St. investments which would total over a trillion a year in revenues. With the right Congress in place, their offshore tax havens go away to. You can make those things happen by cutting the rate. They won't be able to cry foul to the 99% about the other items after getting a tax cut.
And I'm telling that that is naive thinking. These current tax loopholes didn't just happen. If you lowered the corporate tax to 15% and got rid of loopholes, the corporate lobbyists will just rebuild their loopholes and these corporations would end up with a negative tax rate like companies like GE already enjoy. In other words, not only would the largest corporations pay no taxes but the taxpayer would have to foot the bill for their refund. That would be revolution time my friend.
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