Originally Posted by QFIT
First, there is no such thing as ObamaCare. There is a health reform plan passed by both houses of Congress that has very little effect on business. And there is NO reason to believe that businesses are not hiring due to “Washington attitudes.” They are not spending because no one is buying.
Secondly, taxes have been lowered, dramatically, four times by the current admin. Nearly half of the “stimulus” package was tax reductions. The jobs plan includes further tax reductions, including an extension of the payroll tax cuts, which would help the middle class. Romney and Eric Cantor have come out AGAINST this tax cut.
No one has actually pointed to any new regulations that are stopping businesses from hiring.
The admin is NOT wasting any more time trying to convince Congress their perception is wrong. Instead, they have proposed a jobs plan that creates job banks used by PRIVATE industry to hire, not government jobs, and in the meantime starts repairing our disgraceful infrastructure, to the benefit of future business. The plan is actually based on some Republican ideas. Yet, the Republicans are against it.
The president knows he cannot convince Congress of anything, even if they used to support it or brought it up in the first place. So, he is going to the people. The people, according to today’s polls, are convinced that the jobs plan makes sense.
Must I say "What has popularly become known as "Obamacare" because it was a healthcare bill that was signed into effect by President Obama?
Many businessmen disagree with your simplistic view that businesses are not hiring simply because no one is buying. Someone must be buying if corporations are making record profits.
When people talk about lowering taxes on businesses, they are referring mainly to the overall rate of tax businesses are paying when they file their business returns or individuals are paying in the case where business profits are passed through to personal income tax returns in certain types of business structures.
Who said anything about new regulations, although I an sure they are manufacturing new ones as we speak, like the new proposal to regulate dust? When business is in a slump, existing onerous regulations become all the more burdensome.
During the first two years, the President talked a whole lot about repairing the infrastructure. Then, he spent twice what is now proposed. I have not noticed any significant infrastructure repairs anywhere near me, just the same old road repairs, many of which could have been delayed for years. Why should I believe him now?
The same goes for reducing unemployment. You may claim it's on the increase (barely, if at all in real terms), but the overall figures are now worse than when he took office and his policies have done nothing to make them better.
You appear to be characterizing the Republicans as obstructionists for the sake of obstructing, Congressmen/women who oppose even their own ideas in an effort to obstruct the President. If you would step back and see the context in which the President is "giving" to the other side, you will see that he is taking back far more than he is giving, the net result being, the plan is a farce to get his own way (raise taxes and increase spending) by pretending to compromise. He is not compromising; he is attempting to raise taxes even more, and that is not acceptable to the American people.
Sure, you can get a lot of people (some of the 47% of filers) to support raising taxes because they themselves don't pay any taxes-- no sweat off their brows. But what will you say to them when we raise taxes, do not lower unemployment (same as before), and the tax base of business filers shrinks yielding even less tax revenues in future years, not to mention the exploding deficits that future taxpayers will be saddled with?
Personally, in hindsight and if the President gets his way, I wish we had not done any of the bailouts, suffered now for our excesses, and began building on a solid foundation of fiscal responsibility so that our children and their children would not have to suffer for our wastefulness, because the track we are on will hurt more people badly in the future than a 2008 depression ever could. But that is a hypothetical-- there is still time to reverse course and save the country from runaway spending that does not live up anywhere near to its billing. We need to try the time tested ways of Kennedy and Reagan and cut taxes to stimulate the economy and increase revenues by expanding the tax base.