Big Business to Congress: How about a tax holiday?

5% isn't much, but it's better than nothing. Coupled with revamped domestic tax laws disallowing massively profitable Corps from paying no taxes, I'd buy that shit.

The old, old, old timers compared it to a certain man or Beast that has a fear of dieing if he can't have all the money. He sends his surrogate's to get all the money, no matter if it causes death or harm to others. The Beast feels that if he can't have it all, he will die, and will do anything he can to have piles and piles and layers and layers of money. The Beast's [thirst] is never quenched however. It should be a familiar story to all of us yes?

Getting them to "repatriate" the money would be a good thing, so it's maybe not quite as insane as it seems.

But the problem is them getting to expatriate the money in the first place. If a company wants to do business in America, they should have to account for all their assets, no matter where they keep them.

If you don't like it then say goodbye to your access to the largest consumer economy in the world m-f'er

if these companies want to take american jobs overseas and then not even pay taxes for it... when i have to pay taxes on a fucking 20 dollar gift card i won at work.... then i say, we boycott these companies...

Levin's right. Besides being a huge screw-job, this would only encourage them to export jobs at an ever quickening pace.

They have enough money held overseas to give every household in America almost $12,000, and they're bitching about having to pay $4,200 in taxes.

How about we take the whole $1,000,000,000,000.00, give every household in America $7,800 each and use the $4,200 each in taxes to rebuild our country's infrastructure?

what an amazing idea(wink)
why have them pay any taxes at all they are so tiny & unprotected poor little corp. can't wallow in their money here only abroad yea they'll use it here too..right?

Give corporations a tax holiday for a year? Then trust them to bring the business back into the US? Then trust that after a year they'll gladly start paying taxes on that business? What could possibly go wrong?

This whole thing is very sick. All taxes should be paid by corporations because they get the lion's share of benefits from what the taxes pay for: defense, infrastructure, political service by their zombie congressmen and senators, all the myriad of regulatory agencies that have been already hijacked by them to serve their nefarious purposes.

The working class people in this country, those that make 50K or less should not pay any taxes at all, except their share of social service systems like Medicare & Social Security. Other than that, they should not be paying any income taxes at either the Federal or State levels.

Will all that extra income at their disposals to spend, surely that should make the massive retailers very happy.

Taxes should only be assessed on profits, after the fact when all the other expenses are covered.

EVERYONE NEEDS TO PAY THEIR DAMNED TAXES! GW Bush's tax cuts got us into this mess. It's time to get real.

We can't afford to pay teachers or firefighters, but we can totally let billionaires slide on their taxes. Makes perfect sense.

Why not change it? If only for the fact they'll bring the money back to the Us. Then we could tax the interest as income earned at the regular rate. It's only for a year & this is only to bring the cash back to American soil. They need an incentive to bring it back. This would be a good thing. Way too much American money is overseas doing nothing for us. Bring our money home, & raise taxes on imports.

"Ask not what your country can do for you, ask, rather what you can do for your country"

Return tax rates on Oligarchs and Corporations to what they were when Kennedy took office.

They want protection from the unrest overseas, they pay for that protection.

Pay U.S.

Well since we have the deficit under control and revenues from taxes have been rising , I see no reason that the business that effectively pay zero taxes already shouldn't be given permission to go ahead and continue to economically rape this country and make the rest of us pay for all the costs of recovering from the rape.
How have we come to this point that the people will just take this, and have some of the very people that are getting raped to argue for the companies to do it to us.
Is it the result of 30 years of the assault on education that Reagan began?

Could it be that the boomers that thought they were going to change the world have gotten to the point that they are afraid that if they,(we), fight we will lose what we have and don't want to give up our stuff, however you want to define "stuff".
Why why why???
Are we going to have to go into a complete economic meltdown and collapse the world economy before the oligarchy can be stopped ?

The song "Lets start a riot" plays in the back ground.

A man with long blond hair and a Lincoln beard stands upon his soap box and begins to shout.

"Today we have seen the last straw. Today we the people stand up and take back our country from the greed of the Mega Corps. We take back our Government from the career Polly's. And we fight for the Rights of Freedom and Liberty once more. To date we have used Our Voices, and they have been shouted down. We have used are Words and they have been deleted. We have used Love and been given Hate. We have used Peace and been Given War. Now we have come to the last resort We must stand up and use the People"

He began to recite the declaration of Independence and as he came to the part about the claims of grievance and changed them to reflect the current state of the once mighty unuion a shot rang out and thus the Re-revolutionary war began.

(Up and coming novel if I ever finish the damn thing)

It's a good thing Obama is in the white house so he can block; oh wait he is says he loves the idea and while where at it lets not tax them at all, hell we can fuck the middle class a little bit more. I mean who are they going to turn to Palin.

You have got to be kiding!?

The weird thing about modern right-wing politics: Money spent on the poor causes huge deficits. Tax breaks to the very wealthy don't cost anything.

Here is my proposal: Tax everyone (individuals and companies) at the same rate based on total income. No deductions. Then, send checks to companies that are so valuable that they need help.

Of course, the checks would end when the first $50,000,000,000 checks went out to the oil companies...

"I have a bad feeling about this...." (various Star Wars characters)

They've already been getting these tax holidays. They all cry about how US corp tax is too high, when the reality is they only pay 5-10% after taking advantage of every loophole they can. They let cash pile up in tax havens, just waiting for another "tax holiday" so they can bring it all home without paying their fair share.

Individual tax payers often pay about 25% of their income to taxes. Small businesses and corporations probably pay a similar amount since they can't afford the army of lawyers and accountants that the big guys have.

So while 35% is the national corporate tax rate, that's just not the reality of it and it makes me so mad to hear these huge multi-billion dollar corps whining that he tax rate is too high and that's why they need "tax holidays" and such. Bunch of crooked bullshit just to keep from paying their fair share. Is it any wonder our country is going broke when the top earners are putting little to none back into the country's funds?

Where's my tax holiday??? Me and my wife made $46k last year, both working full time as an engineer and a year-round teacher, paid thousands of dollars in taxes and somehow still owe them another $800 even with all the little write-offs my wife was able to round up. Do I have an extra $800 to pay them? Hell no, we're basically living check to check, just trying to keep up on living expenses and debt piled up from 6 years of college (for both of us). I drive a salvage title car that I fixed up myself and even switched to roll-your-own smokes to save some money. I understand we're better off than a lot of people, but the IRS doesn't care who you are, they want all of us to pay our taxes or risk going to jail. Why then do they allow corporations to get out of paying BILLIONS in taxes when they would literally track me down and handcuff me if I refused to pay them that extra $800? ... well, ok, they might just garnish my wage to pay it, but be sure they wouldn't let it slide.

It's time to end corporate welfare! Lower the tax rate, but eliminate all tax loopholes and tax havens, make them pay their fair share. After all every ordinary working class citizen is expected to do so, why not them?

Seems they are getting a little worried about their cash overseas, With the unrest and the price of oil hitting record highs making the products that cost more to ship here.
Well making the cost of labor here verses the cost of oil about dead even.
Now since they have bought all of Washington DC except for a few, they will have there cake and eat it to. If we are lucky they might let us smell the plate, cause the the Tea Baggers will get the crumbs.

How about this-

Let's say we tax the rich back to rate they were taxed durring the Reagan administration, tax companies who get their labor from other countries, and we cut the gigantic military budget?

Could that maybe solve some issues?

Do you think?

Huh?