Quote Originally Posted by Lyle View Post
You keep praising Jimmy damn Carter and what did he accomplish Stagflation, the misery index, foreign relations impotence, and the malaise speech.

http://www.youtube.com/watch?v=1IlRVy7oZ58


....whatever happened to "voting for HOPE over fear"?


My article had facts and data in it too but noooo we must not look at that
Carter inherited double digit inflation and unemployment from Ford who had been too weak to take the tough decisions necessary to deal with them. Carter did it at the cost of his reelection. Obama faces a similar decision now and you'd better hope he's as strong as Caret was.

Exactly what are these facts you speak of? The whole point of your link was to claim that the US has the highest levels of corporation tax in the world, but that's bs*, so where are these facts you speak of?


*According to tge GAO, CBO etc. the US has the lowest rate in the developed world :

Today, the Government Accountability Office (GAO) released a study on taxes paid by corporations. In what Sen. Byron L. Dorgan (D-ND) mildly called "a shocking indictment of the current tax system," the GAO found that about two-thirds of corporations operating in the US did not pay taxes annually from 1998 to 2005.
Now most corporations in America are start-ups or small, mom and pop operations that have adopted a corporate form to lower their tax rates. And a greater percentage of large corporations do pay some taxes. But in 2005, with corporate profits reaching new heights as a percentage of national income, the GAO found that over one-fourth -- 28% of large corporations paid no taxes. (It defined large corporations as those with assets of at least $250 million dollars or gross receipts of at least $50 million dollars.) They can tell you how to make $50 million dollars and not pay taxes.
Not surprisingly, the income collected from corporations has been declining as a percentage of GDP, with the burden transferred to your income and payroll taxes. According to a study by the Treasury Department, from 2000-2006, an average of 2.2% of GDP was collected in corporate taxes. This compares to an average of 3.4% in other industrial countries. The nonpartisan Congressional Budget Office projects that, under current law, corporate revenues will decline to 1.9% of GDP by 2017, the lowest rate in the industrialised world.

.............................................

And George W Bush cut corporation taxes twice during his presidency, one of those cuts was $140 billion. And that was when $140 billion was a lot of money. Yet the economy created les than two million jobs between 2000-2008. Clinton raised corporate taxes and created 23 million jobs in his eight years. If cutting corporate taxes creates jobs where's your evidence for it?