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White House Considers More Tax Breaks for Companies Making Profits Overseas

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White House Considers More Tax Breaks for Companies Making Profits Overseas

Post by Guest on Mon Mar 07, 2011 9:19 pm

If you weren't already offended, you should be by now.

The White House is calling for tax breaks for businesses that make profits overseas, who bring those profits back to the United States. My question? Where is unemployment benefits for the 99ers and the jobs that were supposed to be created by now?

http://www.msnbc.msn.com/id/41953284/

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Re: White House Considers More Tax Breaks for Companies Making Profits Overseas

Post by Jobless_in_Ma on Mon Mar 07, 2011 3:25 pm

BLeep

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Re: White House Considers More Tax Breaks for Companies Making Profits Overseas

Post by Guest on Mon Mar 07, 2011 3:35 pm

I've said it before. Now, I'll say it again. Neither President Obama nor the Democrats have been "for the American People" and this proves it.

I've been a loyal Democrat since before I was born. Both of my parents have always been Democrats and I'm still a loyal Democrat. However, for the life of me, I cannot understand why President Obama still refuses to address "99ers" in any of his speeches.

Not a single speech he has made in 2010 or in this year, has even came close to mentioning our plight. The biggest fraud perpetrated on the "American People" wasn't TARP and it sure as heck wasn't the Mortgage Crisis or the loss of jobs. It's Congress and the unwillingness of our government to support its people when they are suffering.

Instead, what do they do? They give tax breaks to companies that make huge profits overseas and who brings that money back into the United States. There is no promise of extending unemployment. Nor is there a promise at creating jobs. Instead, the richer get even more richer and it's equally offensive considering they just got a huge tax cut in December.

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Re: White House Considers More Tax Breaks for Companies Making Profits Overseas

Post by chopthis91 on Mon Mar 07, 2011 4:48 pm

kemcha wrote:If you weren't already offended, you should be by now.

The White House is calling for tax breaks for businesses that make profits overseas, who bring those profits back to the United States. My question? Where is unemployment benefits for the 99ers and the jobs that were supposed to be created by now?

http://www.msnbc.msn.com/id/41953284/

Let's see now...Obama is going to put the screws to us again?? What do I mean by again? Just look...

No jobs bill including no help for the 99ers
Extending tax cuts for the rich
Estate tax breaks for the rich
No addressing of immigration
No clampdown (limiting) on lobbying and special interests
No addressing of the foreclosure crisis and homelessness in America
Not proscecuting the Wall Street & bank criminals who caused the meltdown (justice)
Not proscecuting Bush, Cheney, Rumsfeld, etc for WAR CRIMES (justice)
No funding of NASA killing important space exploration programs

How are those for starters?

MAD Frustrated BLeep

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Re: White House Considers More Tax Breaks for Companies Making Profits Overseas

Post by Guest on Mon Mar 07, 2011 5:27 pm

Hate to say it, but, President Obama has got to be the greatest shim-sham artist in our country since the United States of America was formed. I call it simply by what the media calls it:

The Fleecing of America

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Re: White House Considers More Tax Breaks for Companies Making Profits Overseas

Post by Guest on Mon Mar 07, 2011 5:36 pm

MORE? grrrrrrr..... Evil or Very Mad MAD BLeep WHEN is this going to end? Will they EVER learn? more tax breaks my A**!!!

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Re: White House Considers More Tax Breaks for Companies Making Profits Overseas

Post by Guest on Mon Mar 07, 2011 5:44 pm

Our tax dollars keep getting fed to these greedy corporations in the form of tax breaks while unemployed Americans continue to suffer.

They're simply not going to listen unless a unified American People stand up to government and say "enough is enough." What we need to do is get everybody to walk out of their jobs for one week and protest. Can you imagine what would happen? Our country would literally shut right the heck down.

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Re: White House Considers More Tax Breaks for Companies Making Profits Overseas

Post by Jobless_in_Ma on Mon Mar 07, 2011 5:49 pm

Getting the "employed" involved is pretty much a slim to none chance. They are living and walking with blinders on.
Everything is peachy keen, the economy is improving(LOL) . What doesn't effect them directly (YET), is not something they will rally against.
As long as the main stream media keeps painting a pretty picture its only those who have actually felt the effects of these policies who have their eyes wide open.
And according to the latest (err uhm) unemployment numbers only 8.9% of the work force....

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Re: White House Considers More Tax Breaks for Companies Making Profits Overseas

Post by Guest on Mon Mar 07, 2011 6:32 pm

Ahhhhh ... you're probably right. When I heard about this latest scam that the White House has planned ... it angered me beyond words. This is crap that our government can keep giving away our tax dollars to bail our banks, wall street, automakers AND other countries, give tax cuts and tax breaks to the super rich and yet our government cannot do what it is required to do by passing unemployment and creating jobs.

I feel sick to my stomach, literally.

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Re: White House Considers More Tax Breaks for Companies Making Profits Overseas

Post by chopthis91 on Mon Mar 07, 2011 7:41 pm

Jobless_in_Ma wrote:Getting the "employed" involved is pretty much a slim to none chance. They are living and walking with blinders on.
Everything is peachy keen, the economy is improving(LOL) . What doesn't effect them directly (YET), is not something they will rally against.
As long as the main stream media keeps painting a pretty picture its only those who have actually felt the effects of these policies who have their eyes wide open.
And according to the latest (err uhm) unemployment numbers only 8.9% of the work force....

Yep...most of the employed don't really have much of a clue about what is going on or they chose to ignore it. Most are in fear of losing their own jobs or hate what they do. Something that really irritates me are some in the media who obviously have jobs and treat this crisis sometimes like it's a game or something. They report on things like what Palin or Bachmann said about Obama or Charlie Sheen or the balloon boy or some other crap instead of what is REALLY going on in the country. Some of them act as if it's fun for them to report garbage while so many are suffering. Maybe I'm being cynical about the media and maybe I'm just watching too much tv. I don't know...I'm just fed up...PERIOD!!!

BLeep

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Re: White House Considers More Tax Breaks for Companies Making Profits Overseas

Post by Guest on Mon Mar 07, 2011 7:46 pm

I honestly believe that our country is coming to a fork in the road. While the number of unemployed Americans number around 15-16 million, it's far greater than the number of Americans protesting over the Wisconsin labor strike and if every unemployed American rose up and started protesting against the Federal government, I can guarantee you that somebody in Washington would start paying special attention.

What I find ridiculous is all of these rallys and marches. They don't do anything but get a five sentence mention in the newspaper and then everybody forgets about it. What is needed is to organize ALL OF THE UNEMPLOYED. Only then will Washington finally wake up and take notice.

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Re: White House Considers More Tax Breaks for Companies Making Profits Overseas

Post by jchapman on Mon Mar 07, 2011 8:34 pm

kemcha wrote:If you weren't already offended, you should be by now.

The White House is calling for tax breaks for businesses that make profits overseas, who bring those profits back to the United States. My question? Where is unemployment benefits for the 99ers and the jobs that were supposed to be created by now?

http://www.msnbc.msn.com/id/41953284/
Remember back 3 years ago? Yeah, I'm talking about the election of '08. Obama was sitting in a chair, & said he would end taxbreaks for companies that send jobs overseas. Does anybody else remember seeing this campaign ad? After the crap he pulled by extending taxcuts for the top 2%, then put the spin on the 13 month unemployment extension that did nothing for the 99ers, this comes as no surprise.

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Re: White House Considers More Tax Breaks for Companies Making Profits Overseas

Post by chopthis91 on Mon Mar 07, 2011 8:53 pm

jchapman wrote:
kemcha wrote:If you weren't already offended, you should be by now.

The White House is calling for tax breaks for businesses that make profits overseas, who bring those profits back to the United States. My question? Where is unemployment benefits for the 99ers and the jobs that were supposed to be created by now?

http://www.msnbc.msn.com/id/41953284/
Remember back 3 years ago? Yeah, I'm talking about the election of '08. Obama was sitting in a chair, & said he would end taxbreaks for companies that send jobs overseas. Does anybody else remember seeing this campaign ad? After the crap he pulled by extending taxcuts for the top 2%, then put the spin on the 13 month unemployment extension that did nothing for the 99ers, this comes as no surprise.

Obama is no different than most of the other politicians. He says things to satisfy the populace then bails when the heat is on. He is gonna have a lot of explaining to do next year if the economy continues to fail and unemployment remains around 9%. Of course by that time there will be a ton more 99ers in the fight (I may be one of them) and the climate could be very ugly as a result.


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Re: White House Considers More Tax Breaks for Companies Making Profits Overseas

Post by Guest on Mon Mar 07, 2011 9:21 pm

While I didn't vote for him, I was hoping that he would turn everything around. Or, at least get us headed in the right direction. His excuse last year? "We haven't been here long enough. Re-elect us and give us a chance to turn things around."

I thought two years was more than enough time to "stop the car and turn it around." While nobody expected miracles, we did expect to see some improvement. Instead, we get a government who says unemployment is going down, jobs are being created, yet we still have 15 million unemployed Americans. I didn't expect to see "fuzzy math" coming from Obama's Administration.

We have lost over 7.7 million jobs since Obama took office, yet there haven't been nowhere near that many jobs created. Half a million jobs maybe, since the hiring started picking up in January? We're still losing more jobs than are being created and now we have two worries on our shoulders ...

There is the massive "Wall Street Bubble" that is about to burst due to "overvalue" and the problem with inflation that is starting to affect the world's food supply. There's also a worry about a mortgage crisis involving farmland ... it's about to get worse and when it comes crashing down, it's going to hit a whole lot harder than it did when the mortgage crisis sank lending institutions and banks on Wall Street.

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Re: White House Considers More Tax Breaks for Companies Making Profits Overseas

Post by lendmeflight2 on Tue Mar 08, 2011 12:36 am

I realize that hardly anyone wants to here reason anymore but the linked article didn't give any details at all. All of you assume this awards companies that outsource but it doesn't say that. All it says is that the white house would consider a tax holiday for companies that bring profits back here.

It could mean that it would reward companies that bring profits back and invest them here instead of somewhere else in the world.

You assume it's bad for the unemployed but you have no details at all to support that.


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