Romney/Ryan on "60 Minutes" tonight

[Ricter]

Quote from CaptainObvious:

Tax breaks/incentives need to be directly tied to hiring new employees. Those companies that hire get tax cuts. Those that don't, don't. Hire first, tax cut comes after. We've seen the tax cut first, hire later version. Not falling for that again.

I don't need more cash [to start hiring again] I need more sales. That means if anyone needs a tax cut it's the consumer.

 

[CaptainObvious]

Quote from Ricter:

I don't need more cash [to start hiring again] I need more sales. That means if anyone needs a tax cut it's the consumer.

Consumers need a job a hell of a lot more than they need what amounts to pocket change in a tax break. My point is to incentivize hiring through tax breaks for those companies that do hire, but you already knew that. I'm all for rewarding companies that hire and punishing the shit out of those that grow profits solely through downsizing. Any company showing profits while laying people off should be taxed into extinction.

 

[Ricter]

Quote from CaptainObvious:

Consumers need a job a hell of a lot more than they need what amounts to pocket change in a tax break. My point is to incentivize hiring through tax breaks for those companies that do hire, but you already knew that.

I agree completely, which is why I said "if anyone needs a tax cut"... meaning if all we're going to do is cut taxes, cut them where they'll be most effective.

Seriously, if all that occurs is that my business gets a tax cut when I hire, I'm still not going to start hiring.

Won't comment on your latter comment, too radical! : )

 

[Lucrum]

Quote from CaptainObvious:

... Any company showing profits while laying people off should be taxed into extinction.

Companies aren't generally started to create jobs. They're started to create profits.

 

[CaptainObvious]

Quote from Lucrum:

Companies aren't generally started to create jobs. They're started to create profits.

Fine. Then they pay the appropriate tax. I'm just saying that if a company wants a tax break they need to hire. You don't get a tax break just because you don't like paying the going rate. I don't like writing a check on April 15th either, so where's my tax break?

 

[Arnie]

Quote from CaptainObvious:

Tax breaks/incentives need to be directly tied to hiring new employees. Those companies that hire get tax cuts. Those that don't, don't. Hire first, tax cut comes after. We've seen the tax cut first, hire later version. Not falling for that again.

I'm sure your intentions are good, but this is a perfect example of good intentions paving the road to Hell. Think about it. The last thing any market needs is a tax policy that distorts supply and demand. Why not go a step further and outlaw layoffs? Makes as much sense. The more the govt takes in taxes, the less there is in the market to create goods and services.

 

[Ricter]

Actually, most companies are small companies and they are started to create jobs, one job to be exact. And in a formal sense of the word, profit is not necessary, only receipts enough to cover the costs of production and overhead, and the owner's wage.

 

[PHOENIX TRADING]

Quote from CaptainObvious:

Tax breaks/incentives need to be directly tied to hiring new employees. Those companies that hire get tax cuts. Those that don't, don't. Hire first, tax cut comes after. We've seen the tax cut first, hire later version. Not falling for that again.

that's stupid, make it ultra complicated and encourage faux hiring.

 

[Lucrum]

Quote from CaptainObvious:

Fine. Then they pay the appropriate tax.

No opposition from me I hate corporate welfare

I'm just saying that if a company wants a tax break they need to hire. You don't get a tax break just because you don't like paying the going rate.

I'd like to see the fed out of the picture. A simple tax code with no loopholes. I don't like the idea of an out of touch behemoth incompetent bureaucracy trying to micromanage entities they know nothing about through arcane tax codes.

I don't like writing a check on April 15th either, so where's my tax break?

Have you hired someone recently?

 

[Lucrum]

Quote from Ricter:

Actually, most companies are small companies and they are started to create jobs, one job to be exact. And in a formal sense of the word, profit is not necessary, only receipts enough to cover the costs of production and overhead, and the owner's wage.

Do you normally respond to those of us on your ignore list?