Why are Republicans Wrong about Everything?

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JEleazarian

Trad climber
Fresno CA
Apr 9, 2014 - 01:38pm PT
"(Reuters) - Foreign profits held overseas by U.S. corporations to avoid taxes at home nearly doubled from 2008 to 2013 to top $2.1 trillion, said a private research firm's report, prompting a call for reform by the Senate's top tax law writer."

Bob, even conservatives think that's something that needs to be fixed, though I suspect our recommended fix differs. Corporations run by sane management keep their foreign profits out of the US because the US taxes those profits upon repatriation. Put differently, we have imposed a tax on sending profits earned in foreign countries to the US.

Since the libs like to look to the rest of the industrialized countries for inspiration, I'll add this tidbit: very few other industrialized countries impose a tax on repatriated earnings.

Don't blame the corporations' managements for not being stupid. Blame the stupid people who won't change the US tax laws.

John
Bob D'A

Trad climber
Taos, NM
Apr 9, 2014 - 01:44pm PT
John wrote: Don't blame the corporations' managements for not being stupid. Blame the stupid people who won't change the US tax laws.



They are scammers John...plain and simple.

I blame them for being greedy, which most republicans have no issue with and justified in their strange (it's the poor fault) world.
JEleazarian

Trad climber
Fresno CA
Apr 9, 2014 - 01:53pm PT
Bob, how does one scam by doing what the tax laws encourage? If I pay my employees' health care directly, rather than pay them that money in extra salary, and thereby allow them to pay with pretax, rather than post-tax dollars, am I scamming, or merely doing what the tax laws encourage? If I choose to buy a house, rather than rent, because the after-tax house payment is less than rent, and builds equity besides, have I scammed? How?

The US tax laws penalize a corporation for repatriating foreign earnings, so the corporations keep more of those profits out of the US by investing them outside the US. How does that action differ from those of any other taxpayer basing his,her or its actions on the post-tax results?

John

Norton

Social climber
the Wastelands
Apr 9, 2014 - 01:55pm PT
take another walk, Fatty

you are not wanted here, RJ and ChrisMac have been very clear on this

still living in parent's basement and hoping for a low level appointment in the Cal GOP?
Elcapinyoazz

Social climber
Joshua Tree
Apr 9, 2014 - 02:19pm PT
Easy to "justify" a war that you neither fight in, nor pay for.

apogee

climber
Technically expert, safe belayer, can lead if easy
Apr 9, 2014 - 02:20pm PT
"All worthy goals to justify a war."

Bet you'd feel differently if your precious daughter had gone to war and returned with missing limbs (or worse).
JEleazarian

Trad climber
Fresno CA
Apr 9, 2014 - 02:46pm PT
Bob,

One more thing that I should have made clearer: my attacks on the "stupid people" who wrote the law are bipartisan. The Democrats made the original law taxing repatriated profits at the current corporate rate. Mistake no. 1, because that provided a tremendous incentive to keep profits abroad.

In 2004, the Republicans, realizing the perverse incentives the tax on repatriated earnings gave to business, enacted their fix: a very low tax rate (less that 6.0%, IIRR) on repatriated earnings, provided those earnings are not used for executive compensation or dividends. Mistake No. 2, since that created a perception of a tax break while doing nothing tangible to change the mix of foreign and domestic investment.

Sad to say, I see the short-term likelihood of fixing this at nil, since both parties seem to be dominated by ideologues. I'm beginning to miss the days when the parties were dominated by party hacks, because the hacks actually wanted to win elections. That forced them to do things that helped the voters, rather than achieved ideological purity.

Even worse to say, I'm beginning to think you guys may be right about the Republicans' long-term prospects, given the actions of the Republican Puritans. Republicans who actually voted to mend a broken part of Obamacare get criticized by the Puritans for trying to make health care reform work, rather than staying loyal to the perceived "higher good" of repealing Obamacare. Jeb Bush and Marco Rubio say intelligent things about immigration reform and the Puritans turn apoplectic because of the possibility of allowing anyone here illegally to become a citizen, no matter how tortuous the road they must follow. With friends like the Puritans, who needs enemies?

John
apogee

climber
Technically expert, safe belayer, can lead if easy
Apr 9, 2014 - 02:52pm PT
" With friends like the Puritans, who needs enemies?"


Hopefully most reasonable, balanced conservatives will remember this in the coming elections.
k-man

Gym climber
SCruz
Apr 9, 2014 - 06:31pm PT
A new definition for Idiot:


A woman who votes Republican.
Dingus Milktoast

Gym climber
Maestro, Ecosystem Ministry, Fatcrackistan
Apr 9, 2014 - 06:45pm PT
Jelezarian there is time to repent. Democrat party is trending toward the middle which is to say democrats are trending young and the young are well left of center compared to boomers and x'ers. You could make a fiscal difference here as opposed to being a dick on a gelding in the GOP. :) surely you can't side with the phatfuks in the GOP!!!

Join us!!!!!

I mean that dude.

DMT
Bruce Kay

Gym climber
BC
Apr 9, 2014 - 06:48pm PT
All worthy goals to justify a war.


TheTick


oooooo I love how that sounds. Sorta like how napalm smells.

TGT

Social climber
So Cal
Apr 9, 2014 - 07:05pm PT
"progressive" hero = just another mobster.

http://www.thesmokinggun.com/documents/Al-Sharpton-918273
Norton

Social climber
the Wastelands
Apr 9, 2014 - 07:23pm PT

defend your Republicans' vote against women today in the Senate

do it
The Warbler

climber
the edge of America
Apr 9, 2014 - 07:40pm PT
It's nice having booktool around to remind us just how narrow minded and impervious to reality and fact most of the right wing is - it's satisfying to know those traits will seal their fate.

Thanks booky fo all you do do

apogee

climber
Technically expert, safe belayer, can lead if easy
Apr 9, 2014 - 07:45pm PT
Nice to see you back, Warbler.
The Warbler

climber
the edge of America
Apr 9, 2014 - 08:00pm PT
Tks Apogee

I can't match the depths of the attacks on the right the main players make here, like Bob, Norton, kman, Jingy, Ken, and yourself, among many others, but I'm nearly always entertained and proud to be a liberal every time I browse this classic Dr F creation.

"Reality has a well known liberal bias"
apogee

climber
Technically expert, safe belayer, can lead if easy
Apr 9, 2014 - 08:15pm PT
Don't sell yourself short. You do a more-than-adequate job around here.
ontheedgeandscaredtodeath

Social climber
SLO, Ca
Apr 9, 2014 - 08:15pm PT
What was the last piece of real world legislation passed by the house? I seriously can't think of one thing.
Dr. F.

Trad climber
SoCal
Topic Author's Reply - Apr 9, 2014 - 08:32pm PT

Blame the stupid people who won't change the US tax laws.

John
No, blame the stupid people that vote Republican that won't change the US Tax Laws
Stupid people only change the law by voting for stupid people to represent them
Dr. F.

Trad climber
SoCal
Topic Author's Reply - Apr 9, 2014 - 08:58pm PT
Bookworm and friend
Bookworm and friend
Credit: Dr. F.

I think I figured Bookworm out!
He's Such a Good Christian/Authoritarian follower/Right Wing Republican/Fox News Bubble delusional knucklehead:

That his biggest worry is Actually Reading Anything we Post... because it's all part of Satan's plan,
His thinking process would be::
all they talk about how great life would be without the constant oppression of God, Government and Guilt. It's LIES!!!
I will just close my eyes when I go into THE Enemy Territory of the Satanic liberal Supertopo threads.

Satan is always trying to get you to doubt your faith, and nothing is worse than letting Satan take your soul by giving into temptation, like reading those Liberal Lies of Love and Happiness, science and a well informed public...


Just post and Run, Do not read any of their leftist utopia Lies, they're all Communists!!!, Liars that want to give food stamps to the poor, make sure that babies don't die because they don't have health care insurance and create Gov. jobs like education!! I hate their devilish plan of world domination..It's Pure Evil

Jesus always said give to the rich, and let the less fortunate starve, since they obviously weren't real Xian's, or didn't vow to the right Jebus, or weren't blessed by God with being born rich
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