ANYBODY IN FR OBJECT TO THIS:
Invest in domestic energy sources
The second point of his energy plan emphasizes developing alternative energy sources, “including wind, solar, clean coal, nuclear, and biofuels. All while increasing our energy efficiency.”
OR THIS:
Cut taxes for companies that hire
With his small business plan, Obama is appealing more to a class of entrepreneurs as a whole rather than any specific subset of the economy, so it makes sense that the plan is more a strategy that a point by point goal set.
The first is to create a tax cut for businesses that hire or increase wages, and to allow businesses to continue writing off business expenses.
OR THIS:
Cut $2.50 for each $1 in revenue increases
This portion details the ratio of spending cuts to revenue increases in the Obama tax plan.
The idea is to get the right mix of government cuts and tax increases to cut the deficit without cutting essential services to the point that the economy is harmed.
Here’s the policy:
President Obama’s plan reduces the deficit by more than $4 trillion over the next decade, including $1 trillion in spending cuts he signed into law last summer, and cutting $2.50 in spending for every $1 in additional revenue from the wealthiest families and closing corporate loopholes.
COMPARE OBAMA’s PLAN TO ROMNEY’s PLAN WHICH IS SUMMARIZED HERE:
http://www.businessinsider.com/romney-debate-economic-plan-2012-10?op=1
“ANYBODY IN FR OBJECT TO THIS:
Invest in domestic energy sources”
Ummm...yep I object to Solyndra et al 2.0.
“Cut taxes for companies that hire”
This is already in his ‘jobs plan’, and most business organizations agree that a one time payday is not a good reason to make a hiring decision.
“Cut $2.50 for each $1 in revenue increases”
The last time the GOP agreed to such a deal, it was $4 to $1...one side kept their side of the bargain, the other didn’t. Its Lucy and the football stuff.
>>Cut $2.50 for each $1 in revenue increases<<
$2.50 over 10 years is NOT $1 times 10 years. That’s the gotcha; plus the spending cuts never materialize while taxes go up. Base line budgeting has to be outlawed. Departments need to be eliminated. Property confiscated by the feds needs to be returned to the states.
They really are a bunch of commies, they even have an NEP
From the “O” regime?? More than likely the same BULLSHIT and LIES he has been trying to peddle to the American People for the last four years!!! FORGETABOUTIT!!!
This portion details the ratio of spending cuts to revenue increases in the Obama tax plan.
The idea is to get the right mix of government cuts and tax increases to cut the deficit without cutting essential services to the point that the economy is harmed.
No - the idea is to get more of our hard earned money into the DC corruption machine. The cuts would never happen but spending would increase accordingly. Using that math - why not just cut $1.00 out of every $2.50 raised thru the current tax collection system without raising taxes?
ANYBODY IN FR OBJECT TO THIS:
Anybody who believes this crap from obuma is not just a fool, but a damn fool.
“Cut $2.50 for each $1 in revenue increases”
Logic would dictate that instead of off-setting cuts vs. taxes in their 2.5./1 ratio is to just reduce the proportion of the cuts to $1.50 and forget the matching $1 tax increases.
I object to all of that!
The government shouldn’t be ‘investing in’ or trying to pick winners among energy options.
The government certainly shouldn’t be paying companies to be less efficient by using more employees than needed.
Taxes are already too high, the GOP shouldn’t again fall for cranking them up higher in exchange for promised budget cuts.
“Invest in domestic energy sources”
That is not a job for government. The best energy policy is NO “energy policy”, just a flat corporate tax policy that applies to all corporations with no deductions, exceptions or exemptions, or subsidies ANYWHERE, leaving all sectors of the economy, not just “energy” to invest, innovate, expand, contract, export, import, hire, fire as science, technology and markets not rigged by government inform business as to what it should do.
“Cut taxes for companies that hire”
Corporate taxes should be cut for all companies, whether they hire or not. Special tax breaks for hiring have been shown by studies done by economists to be short term as far as any effect on overall employment goes. They usually mean that hiring increases during the short term affect of the tax credit, and then fall below the hiring levels that existed before the tax credit; and most often, in the long run, total employment has not been increased by special subsidies for hiring.
“Cut $2.50 for each $1 in revenue increases”
Where was this “compromise” (and that’s what it is with what Republicans have been demanding), in 2009, 2010, 2011 or 2012 - never happened, and given Obama’s inability to compromise on the $1 trillion over ten years spending for Obamacare, or Medicare and Medicaid, the biggest sources of domestic spending, the fact is there is no $2.50 of cuts for $1 of new revenue left in the budget, unless, and only partially, the U.S. military is to stripped to the bone as it was between WWI and WWII. China, Russia, Iran and the Islamists will just love that. The fact is that Obama has never and will never “cut” $2.50 in federal spending against $1 of federal anything.
“The idea is to get the right mix of government cuts and tax increases to cut the deficit without cutting essential services” - translation - the $1 trillion of Obamacare spending is part of “essential services”, the federal taking of all college loans is part of “essential services”, the expansiong of FoodStamps to 47 million Americans is part of “essential services”, the non-performing and totally unnecessary federal costs for federal K-12 education mandates are part of “essential services”. the expansion of SCHIP health insuraqnce subsidies to families earning at 600% of the pverty level is part of “essential services”, the total EPA budget is part of “essential services”, extravgent Medicaid AS IS is part of “essential services”, special subsidies to “green” energy are part of “essential services”, subsideis for “high speed” trains to no where are part of “essential services”, wasteful unprofitable Amtrack is part of “essential services”; you get the picture - Obama just lies, period.
Obama, the buggest liar in the WH since Bill Clinton releases his economic plan one day AFTER his last debate with Mitt Romney - and people are supposed to believe it?
Obama’s record speaks for itself. As Clint Eastwood said; he’s a hoax.