The Mudcat Café TM
Thread #132588   Message #3009197
Posted By: Sawzaw
17-Oct-10 - 12:31 PM
Thread Name: BS: Tea Party = Flawed Economic Model
Subject: RE: BS: Tea Party = Flawed Economic Model
There you go again. You cherry pick the question.

"So Bobert, it is OK for American taxpayer money to be spent on political campaigns benefiting one political party?"

As for bad tax code Obama is announcing tax credits to businesses for new equipment. Hmmmmmmmmm. Automated equipment? Job killers?

Me thinks so and where is said automated equipment made? Asia?

Yer doin' a heckuva job Barry.

At least he could say tax credits for equipment made in the USA and ameliorate part of the job losses this will cause.

"The president outlined a proposal for $200 billion in business tax cuts on Sept. 7. It would allow businesses to write off 100 percent of new investments in plants and equipment made between now and the end of 2011. While conservative economists and outlets like the Wall Street Journal are backing the plan, labor-backed economists are not as supportive.

Robert Reich, Secretary of Labor during the Clinton administration, ripped the president's plan for the investment tax breaks, saying, "Big corporations are investing in automated equipment, robotics, numerically-controlled machine tools, and software. These investments are designed to boost profits by permanently replacing workers and cutting payrolls. The tax breaks Obama is proposing would make such investments all the more profitable."

Check one: ☐ Flawed? ☐ Not Flawed?