Gold Dome Live

By Sharecropper

March 9, 2009 12:07 PM | Link to this

Once again Georgia’s Republicans show their ignorance. Enough of this embarrassment is enough. The idiots, now led and dominated by Limbaugh, fall back on failed orthodoxy and actually want us to believe a businessman will hire somebody he doesn’t need in return for a tax cut. What the legislature really needs is some leadership from the AJC. And then the elimination of all Republican members. Then go on to the US Senate and ax those two clueless clowns.

By say what?

March 9, 2009 12:18 PM | Link to this

Haven’t tax-cuts been the mantra for the past 8 years, and look at what we have received for tax breaks and tax allocation districts, an unemployment rate higher than the national average. Find another play out of the old playbook or get another playbook.
Enough already with tax cuts- they only make the have’s have more.

By Thinker

March 9, 2009 12:19 PM | Link to this

Cutting corporate taxes?!? You’ve gotta be kidding me, what an oxymoron. As an accountant, I know first hand how rare it is for any business actually pays taxes! Having this bill would be like lowering real estate taxes on the homeless.

By Newman

March 9, 2009 12:28 PM | Link to this

Please, no more career politicians. Re-elect no one…ever. The ultimate democracy.

By Joseph L.

March 9, 2009 12:31 PM | Link to this

As a “regular Joe” I would appreciate real budgetary solutions instead of bills based on the same old failed rhetoric.

By Vinny

March 9, 2009 12:32 PM | Link to this

Fine. Corporations will pass on the higher taxes on to the consumer in the form of higher prices for their goods and services.

The have-nots will have less, and no more jobs will be created.

It’s simple obamanomics

By David

March 9, 2009 12:37 PM | Link to this

I am all for tax cuts; however, these seems to be a little bassakwards. This cut would give incentive for business to layoff existing workers and re-hire those that are unemployed to reap the benefits. I realize that there are numerous cost to hiring and training new employees, but I wouldn’t put it past some to do it!

By Rex

March 9, 2009 12:44 PM | Link to this

Another reason for our corporations to move to Ole Mexico! One positive is that Latino’s will no longer have any reason to come north of the border to find work Idiocracy is here!

By Lee

March 9, 2009 12:53 PM | Link to this

Pass the flat tax and all those VAT taxes go away which will lower consumer prices. Prices come down, spending goes up, the economy gets going! It’s so simple it’s stupid!

By silverchief

March 9, 2009 12:59 PM | Link to this

Ah Sharecrooper, words spoken of a true Democrap.

By chris j

March 9, 2009 1:01 PM | Link to this

I hope Sharecropper is prone to fits of sarcasm, lest he fall into the majority of both far left and right brush-bangers who tend to spew forth only venom and ignore rational discussion.

Let’s see, why would a company choose to locate in Georgia rather than some other country or state. 1) Education. Oh wait, GA’s public education consistently ranks at the bottom in terms of SAT and ACT scores. 2) Taxes. Oh wait, the US ranks at the near top of effective corporate income tax rates. Out done only by a few European countries and Japan. Forget about the national tax rates, where do we rank among the states? Well GA does perform much better coming in at an effective ‘08 rate of 6%. A whopping 1-2.5 pts better than the rust belt states and places like Cali. 3) Health Care obligations. Well again, GA does 1-1.5 pts better according to the Small Business & Entrepreneurship (SBE) Council ranking it #23. Much better than such powerhouse states like Cali, Mass, Washington, New Hampshire, New York, New Jersey, Vermont. Notice a trend in the state GA dominates.

Basically the point is, GA and for that matter the US as a whole needs a drastic change to entice growth and business back to our home soil.

My opinion is such drastic measures should be in the form of: 1) Corporate tax breaks (why do you think these corporations went off shore). And do you know that even European countries give companies a credit for taxes they pay on monies earned else where. 2) Education reform. Give the power back to the states and let the best state win. That way if a state does something revolutionary like introcing real competition into the system with vouchers; and if it works. Then people will want to relocate there and industry will follow. 3) Tax system reform. Why not institute the fair tax. I do not think people who don’t own a small business or farm operation realize how many people are for the most part out of the tax system. There is a substantial portion of the population that gets paid in cash. Yet they take advantage of the services the honest taxpayers provide. And I speak from experience as I am a small business owner and am confronted with it everyday. 4) Government spending and control should be restricted, especially on the Federal level. The federal govt should be concerned with national defense, trade policy, national infrastucture, regulation of financial policy and not much more. Let the states handle health programs, education and those ‘porky’ projects that we the chatting class care about. Give the power back to the states and let the people vote with their feet and dollars as to which state is doing the best job of spending our money.

So end the unsubstantiated same old speaking point lines. Do your homework and lets not be afraid of change.

By chris j

March 9, 2009 1:14 PM | Link to this

Another argument for a different approach to our outdated tax structure. From Lou Dobbs in 2005:

Lou Dobbs (transcript March 21, 2005)

The Mexican citizens cross our border illegally. Some of them find work, and many of them send their earnings back to Mexico. Those earnings have added up to nearly $17 billion in the past year. Remittances, as they’re called, are expected to become Mexico’s primary source of income this year, surpassing the amount of money that Mexico makes on oil exports for the first time ever.

Thank goodness the rate of growth in remittances from the US to Mexico is slowing, now estimated to be only 23,000,000,000-25,000,000,000 /per year. Thats billion for those of you who might not know.

I am in no way suggesting we just put everyone here illegally in a bus and send them home. They are at this point too important to our economy and the chore of doing such is beyond imagination. But, if someone is here illegally and using tax payer services like public education/healthcare (part of the reason Cali is in so much trouble), then we should get them into our system.

The only way I know that has been suggested and would work is something like the Fair Tax.