Second, this is an elaborate plan to shovel (no pun intended :) more money to his union pals. He meeds to do something for them since they're pissed off by nobamacare.
McCain says yes! Now,what was the question?
Chapter Two in the playbook:
NEP
Lenin’s way of buying time.
Hasn’t the nation already had a few roo many trips on Obama’s Merry-Go-Round?
His Grand Bargains seem to always turn into Grand Decrees or Grand Ultimatums.
Shrewd and cunning.
He knows all the lobbyists working for the crony capitalist crowd will gladly throw the country under the bus to grab a tax break for themselves.
And if the Pubbies refuse, he will campaign that they are “against jobs”.
There's the deal breaker.
He wants to tax foreign earnings? So, American companies working overseas will pay taxes to the country they are operating in...and the US.
Maybe the US companies should re-register as foreign companies to save taxes?
He also wants a minimum tax on foreign earnings......in exchange for his support for a corporate tax reduction, he wants money generated by the tax overhaul....
In other words, he is INCREASING taxes - again.
Obama's proposal would generate a one-time source of revenue...
As opposed to perpetually increased spending.
The idea that this is some "Grand Bargain" is as big a joke as this pResidency.
This is no different than Obama’s other Marxist bargains. Tax, spend, transform.
Wait, he's cutting corporate taxes but he expects more corporate tax revnue? But... how can that be?
He also wants a minimum tax on foreign earnings as a tool against corporate tax evasion and increased use of tax havens.
Ah, there it is. He will "cut" the basic rate but gouge in other areas and effectively increase the rate. Got it.
*Desperate-for-a-Legacy Ping*
(Obama is as clueless as ever - in typical top-down-socialist style, he still thinks that only Government can boost employment. If he really wants a legacy, why not approve the Keystone Pipeline? That’ll create jobs right away!!)
Wait...
Yesterday I read that 0bama regime admitted to not enforcing immigration laws -
now I read that 0bama regime admits that reducing marginal tax rates increases tax revenues?
I like how Rooooters tries to impress us by mentioning deficit cutting... But wait, there’s a Reaganomics notion of cutting taxes to raise revenue? OH! And the liberal idea of raising taxes to raise revenue...
But the real nugget in the story is where the money will ACTUALLY come from, a one time raid into the land of depreciation. Which of course will not be a one time raid.
Either way, at the end of the day, the proposal is to spend even more money and do absolutely nothing about the trillion dollar deficit. That’ll help the middle class...
I also propose a grand bargain:
Obama resigns, and the American people graciously agree to leave his name out of the history books, the period merely to be referred to (non-racially, mind you) as “The Dark Ages.”
If he loses then he gets to flail the Republicans for further destroying the economy by refusing to help grow the middle class (as he is promoting in his latest campaign).
FDR: “New Deal”
HST: “Fair Deal”
BHO: “Such a Deal!”
grand bargain , gang of 8 ,sounds Chinese to me
So, the O admits that lowering taxes creates jobs...imagine that.