Taxing corporations to pay for stimulus? Forget it.

[ecco]

The middle class and working poor will see their taxes go up. Like usual. With all the excuses. A lot.

Please show which middle class / working poor tax increases were made by the Obama administration.

 

[ecco]

It really bummed me out to discover that I payed more in taxes than several fortune 500 companies put together.

Yet you seem to be against tax reform that will raise taxes on large corporations.

 

[ecco]

Pray.

Yeah. Like that ever stopped volcanoes from erupting.

 

[Subduction Zone]

Please show which middle class / working poor tax increases were made by the Obama administration.

Please show which middle class / working poor tax increases were made by the Obama administration.

Ooh! Ooh! I can, I can! Taxes paid are tied to income earned. Under the Obama administration there was a healthy growth in household income once he ended the recession. Charts can be seen here:

The Obama economy in 10 charts

 

[Revoltingest]

Ooh! Ooh! I can, I can! Taxes paid are tied to income earned. Under the Obama administration there was a healthy growth in household income once he ended the recession. Charts can be seen here:

The Obama economy in 10 charts

I'm amazed that people give so much responsibility to a President
for whatever happens. Obama single handedly ended the recession?
What policies did a guy with no business or economic experience
implement to accomplish this feat?

From my perspective, the recession ended extremely slowly.
And federal policies (presumably initiated or approved by Obama)
actually hindered recovery. The real estate crash that precipitated
Countrywide's downfall was extended by government....
- Government created & controlled lenders (largest in the world)
Fannie Mae & Freddie Mac refused to renegotiate troubled loans,
preferring foreclosure to working with borrowers.
- Tax policy that punished owners foreclosed upon by
taxing them on principal & interest written off by lenders.
- Tax policy that inhibited refinancing & renegotiating troubled
loans by taxing the borrower on any forgiven principal & interest.
In a refinance, borrowers are required to have funds on hand
to pay this tax on "profit". But troubled borrowers typically
never had spare cash....as one would expect.

I went thru loan refinancing on several properties in foreclosure,
but managed to still maintain strong credit & sufficient cash on
hand to qualify for new loans. (For $9.99 I'll tell anyone my
secrets to this trick.) But many others I know just lost their
properties, thereby incurring huge income tax liabilities.
Thanx, Obama!

Edit:
Obama's policies did help my self storage business. With so
many homeowners booted, they needed storage for their stuff.
But for contractors I know, it killed construction & remodeling
businesses, particularly because real estate owners couldn't
borrow money. Such problems infected other kinds of
commercial tenants of mine.

 

[ecco]

Ooh! Ooh! I can, I can! Taxes paid are tied to income earned. Under the Obama administration there was a healthy growth in household income ...

 

[Suave]

Manchin cautions infrastructure bill in trouble over corporate tax hikes - CNNPolitics

Joe Manchin gives Biden's infrastructure proposal a thumbs down

Like this was unexpected. Not.

One thing for sure, like always, its going to yet fall again on the middle class to carry the economic weight of policymaking.

When will people learn that promises are consistently empty and the status quo will continue as always.

The middle class and working poor will see their taxes go up. Like usual. With all the excuses. A lot.

Count on it.

Please let us impose a two percent tax on the market valuation growth of large cap companies.
Assuming eight percent annual growth from the total market valuation of 40 trillion dollars of the largest 1000 U. S. Companies, a 2 percent tax on this increase of wealth would generate over two trillion dollars of revenue over the course of 15 years in order to fund the American Jobs Plan.

Edited:
Why the U.S. needs a corporate wealth tax