Would you agree to tax incentives to bring jobs back to the US?

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Would you agree to tax incentives to bring jobs back to... - 7/27/2010 2:46:56 PM

jlf1961

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From: Somewhere Texas
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Outsourcing of American jobs is a hot topic, I have seen in come up in a few topics.

What would you agree to if it would bring jobs back to the United States?

Tax breaks for corporations to cut down on labor costs?

The corporate tax rate on the Federal level is 15 to 35% dependent on total revenues.

What about minimum wage laws? Would those be on the block for change?

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RE: Would you agree to tax incentives to bring jobs bac... - 7/27/2010 2:50:41 PM

Marini

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Tax incentives to bring "back" jobs to America?
lol, well, well, well
30 years of unbridled outsourcing, rampant corporate greed, Americans that have been asleep at the wheel and are starting to wake up, that sat back and allowed this to happen, and now it's time to bring the jobs back, matey?
We will be doing that and a hell of a lot more, before this Depression is over.

Right now, they would have to do some major "turning policies/tax incentives around" in a big hurry, to stop the train wreck that is ahead of us.
Many policies will be changing and changed before this is all over.

In the past 3 years, I have started numerous threads on outsourcing.
I will sit back and watch as this thread unfolds.

I will say that Norma Sherry does an excellent job on writing about outsourcing and I would say that I agree with just about everything that she has written on the subject of outsoucing.

I will list my favorite articles by Norma Sheery, begininng with my all time favorite "Bye Bye Miss American Pie".

http://www.opednews.com/sherry1103_outsourcing2.htm

Here is another oldie but goodie by Norma, where or where have all the jobs gone?

http://www. opednews.com/sherry022404_jobs.htm

Now that we have begun dancing would you like to me to crank up some Michael Moore later?
I'll be back.

< Message edited by Marini -- 7/27/2010 3:29:52 PM >

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RE: Would you agree to tax incentives to bring jobs bac... - 7/27/2010 3:57:43 PM

Moonhead

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How about a punitive tax on companies that have all outsourced all of their manufacturing? A combination of some sort of huge fine and a punitive import duty would soon have Walmart and the like manufacturing in the 'States again.
Or is that not what you mean by "tax incentive"?

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RE: Would you agree to tax incentives to bring jobs bac... - 7/27/2010 3:58:11 PM

Fellow

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Considering labor cost between the US and the outsourcing destinations, it is clear, limited tax breaks to corporations would not help much. Import tariffs are the traditional tools to cope with the trade deficits. In reality, radical changes are needed in many areas with multiple measures taken to turn the economy. I do not see any hope the government changing its economic policies. They will the most likely try to maintain status quo until the whole thing collapses. If to compare the US today with the Soviet Union, the US is somewhere in General Secretary Andropov times. It was when they tried to make the corpse look better with a cosmetic makeup. The corruption was rampant, the Afganistan war was on its peak.

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RE: Would you agree to tax incentives to bring jobs bac... - 7/27/2010 4:08:36 PM

popeye1250

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From: New Hampshire
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No, import tarriffs is the way to go! Tax the living hell out of them.
I haven't bought a pair of Wrangler jeans since they moved to China! Imagine cowboys wearing jeans with "Made in China" on them?
The same for Hanes underware since they moved to Honduras.
After tarrifs I think it's resonable that a pair of Wrangler jeans should cost $400-$600 dollars and a "3-pack" of fudgies from Hanes $300.

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RE: Would you agree to tax incentives to bring jobs bac... - 7/27/2010 4:11:57 PM

slvemike4u

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Popeye do you ever stop to think.....at all,ever?What would be the international response to import tarrifs?Do you suppose other countries might "Tax the living hell out of "our exports?
Do you suppose this has ever been tried before?

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RE: Would you agree to tax incentives to bring jobs bac... - 7/27/2010 4:18:08 PM

servantforuse

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Popeye, tariffs are bad. They are just another tax that we in this country will end up paying. I'm not sure what brand of jeans you do wear, but I'll bet they aren't made here.

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RE: Would you agree to tax incentives to bring jobs bac... - 7/27/2010 4:22:33 PM

popeye1250

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From: New Hampshire
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quote:

ORIGINAL: slvemike4u

Popeye do you ever stop to think.....at all,ever?What would be the international response to import tarrifs?Do you suppose other countries might "Tax the living hell out of "our exports?
Do you suppose this has ever been tried before?

Mike, I was talking about the individual COMPANIES who've outsourced to foreign countries yet still expect access to our markets, Wrangler, Hanes etc.
Fuck em, let's punish them!

< Message edited by popeye1250 -- 7/27/2010 4:23:28 PM >

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RE: Would you agree to tax incentives to bring jobs bac... - 7/27/2010 5:05:02 PM

DarkSteven

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After TARP, any time that a federal subsidy/incentive is mentioned, I assume that it will result in payout but no results. So no.

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RE: Would you agree to tax incentives to bring jobs bac... - 7/27/2010 5:14:20 PM

HardHum

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C'mon Charlie Brown, I won't pull the ball away this time.

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RE: Would you agree to tax incentives to bring jobs bac... - 7/27/2010 5:39:55 PM

rulemylife

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quote:

ORIGINAL: jlf1961

The corporate tax rate on the Federal level is 15 to 35% dependent on total revenues.

That's the rate based on a literal interpretation of the the tax code, the reality is most corporations pay far less because of numerous loopholes.

Remember the recent story about GE paying absolutely no taxes?

(in reply to jlf1961)

Post #: 11

RE: Would you agree to tax incentives to bring jobs bac... - 7/27/2010 5:44:36 PM

thornhappy

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Just today I read how companies that get supplied from China are getting hammered by a lack of shipping capacity (Cost Plus World Markets, Big Lots, Tru Value were examples given). During the oil run-up, they got hammered on shipping costs.

These companies would do themselves a favor by using onshore production.

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Post #: 12

RE: Would you agree to tax incentives to bring jobs bac... - 7/27/2010 5:57:36 PM

slvemike4u

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An atypical story of course,but interesting none the less.There was one year when the NY Daily News did an expose on just what the NY Yankees wound up paying the city for the use of Yankee Stadium one year,this was in the early 80's shortly after the city had financed the refurbishing(at way more than what was originally thought to be the price)of the old Stadium...IIRC the financial windfall NY cuty enjoyed that year amounted to about $50,000...this was a year in which the Yankees drew over 2 million fans to the park......Seems all,or most anyway,of the rents and taxes due to the city were offset by exemptions and maintenence (work performed by the Yankees) costs.....such as changing of the light bulbs and such nonsense.
This after public money was used for the refurbishing......

_____________________________

If we want things to stay as they are,things will have to change...Tancredi from "the Leopard"

Forget Guns-----Ban the pools

Funny stuff....https://www.youtube.com/watch?v=eNwFf991d-4

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RE: Would you agree to tax incentives to bring jobs bac... - 7/27/2010 6:02:06 PM

rulemylife

Posts: 14614
Joined: 8/23/2004
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quote:

ORIGINAL: thornhappy

Just today I read how companies that get supplied from China are getting hammered by a lack of shipping capacity (Cost Plus World Markets, Big Lots, Tru Value were examples given). During the oil run-up, they got hammered on shipping costs.

These companies would do themselves a favor by using onshore production.

Somehow I don't feel bad for them.

I have no problem with companies making a profit but it seems the Reagan era made it acceptable for companies to maximze their profit without regard to who they harmed by doing so.

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Post #: 14

RE: Would you agree to tax incentives to bring jobs bac... - 7/27/2010 6:11:46 PM

rulemylife

Posts: 14614
Joined: 8/23/2004
Status: offline

quote:

ORIGINAL: slvemike4u

An atypical story of course,but interesting none the less.There was one year when the NY Daily News did an expose on just what the NY Yankees wound up paying the city for the use of Yankee Stadium one year,this was in the early 80's shortly after the city had financed the refurbishing(at way more than what was originally thought to be the price)of the old Stadium...IIRC the financial windfall NY cuty enjoyed that year amounted to about $50,000...this was a year in which the Yankees drew over 2 million fans to the park......Seems all,or most anyway,of the rents and taxes due to the city were offset by exemptions and maintenence (work performed by the Yankees) costs.....such as changing of the light bulbs and such nonsense.
This after public money was used for the refurbishing......

Not atypical at all.

In Cleveland we were held hostage by the NFL to demolish an existing stadium and build a new one to be granted the privilege of restoring what Modell stole from the city with the NFL's blessings.

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RE: Would you agree to tax incentives to bring jobs bac... - 7/28/2010 1:04:21 AM

willbeurdaddy

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Joined: 4/8/2006
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quote:

ORIGINAL: rulemylife

quote:

ORIGINAL: jlf1961

The corporate tax rate on the Federal level is 15 to 35% dependent on total revenues.

That's the rate based on a literal interpretation of the the tax code, the reality is most corporations pay far less because of numerous loopholes.

Remember the recent story about GE paying absolutely no taxes?

You mean the GE that had no US profits?

(in reply to rulemylife)

Post #: 16

RE: Would you agree to tax incentives to bring jobs bac... - 7/28/2010 5:03:41 AM

Termyn8or

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Joined: 11/12/2005
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I decided to respond to the OP directly, will read the rest later.

I would not agree to tax cuts for businesses for staying in the US, but I would support SEVERE taxation for outsourcing. I know that direct tarriffs are against a bunch of treaties and all that, but the US can tax any business as much as they want.

Think of the automobile. Consider this, the Bosch fuel injectors, the Japanese radio, the Chinese throttle body, the Hitachi alternator, NO TAX DEDUCTION. In other words anything sourced offshore is not tax deductible.

This measure alone would have certain results. First of all it would encourage domestic sourcing, ergo those domestic parts will be legit deductions as part of the cost of building the vehicle. However remitting those costs to a US company would preserve the tax base because then that company would pay US taxes.

Such a shift in tax law would have a few other effects as well. Almost no brownwares are made here and they constitute a significant part of the economy here, causing a great outfly of dollars, mainly to China. Well when they buy a load of junk plasma TVs and rape the US public in the wallet, they pay tax on their total take, not just the net. How's that for an incentive ?

The only thing I would support to get outsourced is the US government. They are the entity which created these conditions that have destroyed the US economy. As long as whoever takes over can read the goddamn Constitution, I'd be fine with it. No government on Earth so effectively destroys the people's well being as the one in this country. You might say China, but to that I will pre-rebut - at least they try to bring in jobs for the people. Our government has no conception of that, or what an unhealthy trade imbalance IS DOING to us. They are totally isolated.

I have said it before, I wouldn't trust most of our politicians to run a lemonade stand. They have no idea of how to turn a fair buck. Notice the word FAIR, NOT FREE. Same with trade. The US has been a dumping ground for decades and it is time for it to stop.

So I guess my answer is yes, but the form it would take differs from what most would concieve. You might think a tax incentive means to let them make millions and pay nothing. I don't go for that. What I am thinking is to make it cost REAL MONEY to hurt this country. And since these taxes would fall on US companies or their US branches, treaties have nothing to do with it. All perfectly legal.

T

< Message edited by Termyn8or -- 7/28/2010 5:05:47 AM >

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RE: Would you agree to tax incentives to bring jobs bac... - 7/28/2010 7:09:16 AM

DomYngBlk

Posts: 3316
Joined: 3/27/2006
Status: offline

quote:

ORIGINAL: rulemylife

quote:

ORIGINAL: jlf1961

The corporate tax rate on the Federal level is 15 to 35% dependent on total revenues.

That's the rate based on a literal interpretation of the the tax code, the reality is most corporations pay far less because of numerous loopholes.

Remember the recent story about GE paying absolutely no taxes?

Wanna get that story?

(in reply to rulemylife)

Post #: 18

RE: Would you agree to tax incentives to bring jobs bac... - 7/28/2010 7:53:27 AM

THELADY

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I do not know why people do not understand that corprations are not people. they are run by people. any money made does not go into the corp.'s back pocket....it goes into the back pockets of the stock holders. corprations are not evil, some of the people who run them may be bad, but the corp. is not.

any taxes put on a corp. are passed on to the consumer. so, if a bill like the cap and trade bill is passed our gas and heating oil prices will come close to doubleing, not because of the evilness of the corp, rather the evilness of the govt who adds the taxes.

the govt......those presently in power believe in spreading the wealth....they believe that america is evil and greedy and like the brat on the playground who won't share the toys, must be made to share. I know, many have heard Obama at big rallies say he would make co.'s bring back manufacturing, but in small interviews and the people he surrouds himself with, his czars and such all believe that other less fortunate countries should have a share of our pie. the science czar believes we should de-industerlize America.....I don't think there is much hope in that direction!

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RE: Would you agree to tax incentives to bring jobs bac... - 7/28/2010 7:58:23 AM

DCWoody

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ITT - Baaaaad economics.

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