To Fix the Budget Deficit, Raise Corporate Taxes

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1. "'Revenue neutral' is Republicanese for 'don't raise taxes'"
"Lying About Bush's Tax Cuts"
"According to the non-partisan Congressional Budget Office (CBO), the Bush tax cuts actually shifted the total tax burden farther toward the rich so that in 2000-2004, total income tax paid by the top 40% of income-earners grew by 4.6% to 99.1% of the total."
http://www.americanthinker.com/2010/03/lying_about_bushs_tax_cuts.html
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2. "Ryan and the Republicans are trying to balance the budget by killing Medicare for retired middle-class voters "
"Why Paul Ryan’s Medicare Is So Much Better Than Obama’s"
Posted on May 7, 2011 by Barbara
Peter Ferrara
"Obama said regarding the Ryan budget plan, “No I don’t think it is particularly courageous. Because…nothing is easier than solving a problem on the backs of people who are poor or people who are powerless or don’t have a lobbyist or don’t have clout.”
"How does obamacare cut cost, but help "people who are poor or people who are powerless or don’t have a lobbyist or don’t have clout.”
"cuts in payments to doctors and hospitals under Medicare as provided in current law due to Obamacare and President Obama’s Medicare reimbursement policies is $15 trillion!"
"These Medicare cuts were the foundation for CBO finding that Obamacare would actually reduce the deficit, despite adopting or expanding three entitlement programs.
"Medicare’s Chief Actuary reports that even before these cuts already two-thirds of hospitals were losing money on Medicare patients."
"The unworkable, draconian effect of these Medicare cuts is why the U.S. Government Accountability Office issued a disclaimer..."
Unlike Ryan’s careful Medicare reforms, these draconian, unworkable, Obamacare cuts to Medicare apply to seniors already retired today. Ryan exempts from any change all seniors retired today and everyone over age 55. On these grounds alone, Ryan’s Medicare is better for today’s seniors than Medicare under Obamacare.
That will involve an additional $500 billion in Medicare cuts for today’s seniors by 2023, “and an additional one trillion dollars in the decade after that,” in Obama’s own words.
http://www.912superseniors.org/2011/05/why-paul-ryans-medicare-is-so-much-better-than-obamas/

Bill Hedges of MO 3:56AM May 27, 2011

One of the big issues in the NY 26 district is that General Electric paid no American taxes in 2010. The Democrat Hochul won over the very conservative middle class voters there with this message and it worked.
'Revenue neutral' is Republicanese for 'don't raise taxes', but the public is rejecting Ryan's Bill to make 'Tax Cuts for the Rich' permanent. Ryan and the Republicans are trying to balance the budget by killing Medicare for retired middle-class voters while making permanent the tax cuts for the rich and big oil companies.
'Revenue neutral' is a gimmick that nobody is buying anymore.
Folks are just getting fed up with subsidies for oil companies, the endless loopholes that let corporations and the rich to pay no taxes. In practice we have the lowest corporate tax rates anywhere considering many corporations pay no taxes at all, like GE and BP.
“The fact that every taxpayer in the 26th District paid more in taxes last year than General Electric is plain wrong. It’s time we overhaul our tax code. Without many of their tax breaks, G.E. would currently have thousands and thousands of more jobs here in the U.S. So we must end the tax breaks to companies that ship jobs overseas and instead invest in local businesses that create jobs for hard working American families,” Hochul said. "We can balance the budget the right way and not on the backs of our seniors.
Forget revenue neutral, taxes are the main deal that needs reform and we need to raise taxes on oil companies and the rich, while getting rid of all the tax loopholes that let some get away without paying any taxes at all.
Washington DC is screwed up because anyone who can afford lobbyists doesn't pay taxes, and that's what we need to fix - to get some to pay for their fair share.

Lisa of MD 11:08PM May 26, 2011

Gee, what a surprise !!!!
Worse recession had NOTHING to do with THAT !!!! Should be highest ever right !!!!

Bill Hedges of MO 10:41PM May 25, 2011

Raising corporate taxes will only raise the cost of goods and will hurt everyone.
How about this, we raise the corporate taxes as high as needed to eliminate the personal income taxes? That way the corporations will raise their prices to cover the increase cost of doing business and anyone purchasing anything will in-turn be paying the taxes. We should also do away with all free trade. Does anyone really believe that free trade helps the USA? Sure it provides us with lower cost products, but without a job it doesn’t matter how low the prices are. Our trade deficit has always been a one way street, we buy their cheap goods and they can’t afford our products, but they can afford to import of corporations and our jobs.

Larry of CA 3:01PM May 25, 2011