Föhrenbergkreis Finanzwirtschaft

Nach den kristallklaren Aussagen des Föhrenbergkreises zur Finanzwirtschaft aus dem Jahr 1999 gibt es jetzt einen neuen Arbeitskreis zum Thema.

Posts Tagged ‘tax cuts’

Ein unerträglicher Steuerwahlkampf

Posted by hkarner - 19. September 2013

18.09.2013 | 18:12 | Von Josef Urschitz (Die Presse)urschitz

Österreich hat sogar in der Verfassung festgeschrieben, dass Kapitaleinkünfte gegenüber Arbeitseinkünften steuerlich zu bevorzugen sind. Es gibt intelligentere Systeme.

Nach dem Konsum der zahlreichen Vorwahl-TV-Konfrontationen ist jedem klar: Die vier, fünf größten Parteien des Landes sind (vernünftigerweise) allesamt für eine Senkung des aus der Grasser-Zeit stammenden prohibitiven Eingangssteuersatzes (36,5 Prozent) bei der Lohn- und Einkommensteuer. Wird Zeit, dass die endlich ins Parlament gewählt werden, möchte man meinen. Dann könnten sie das einschlägige Steuergesetz bei so viel Einigkeit nämlich einfach per Nationalratsbeschluss abändern, statt großmäulig vor laufenden Kameras „Forderungen“ de facto an sich selbst zu stellen.

Die passende Gesetzesvorlage wird ihnen die Regierung sicher liefern. Denn die Herren Spindelegger und Faymann sind, wie man hört, ja auch für Steuerentlastungen. Oder stellen die gar nicht die Regierungsspitze – und wir werden seit fünf Jahren von einem finsteren Geheimbund gesteuert? Sonst hätten die beiden ihre „Forderung“ ja auch längst in einen Gesetzesvorschlag gießen können. Den Rest des Beitrags lesen »

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Corporations Don’t Need a Tax Cut, So Why Is Obama Proposing One?

Posted by hkarner - 4. März 2012

The Obama administration is proposing to lower corporate taxes from the current 35 percent to 28 percent for most companies and to 25 percent for manufacturers.

The move is supposed to be “revenue neutral” – meaning the Administration is also proposing to close assorted corporate tax loopholes to offset the lost revenues. One such loophole allows corporations to park their earnings overseas where taxes are lower. Den Rest des Beitrags lesen »

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Deficits More Than Pay for Themselves

Posted by hkarner - 14. Juni 2011

 

Author: Mark Thoma · June 10th, 2011 · RGE Monitor

The old “tax cuts pay for themselves” justification for cutting the tax rates of the wealthy is back:

despite a host of Republican economists telling them otherwise, Republican policymakers can’t resist arguing that tax cuts pay for themselves. That’s the old voodoo economics.

There’s no evidence that tax rates have ever come close to paying for themselves at tax rates such as the US imposes, so it’s a justification without merit. In fact, there’s no evidence that the Bush tax cuts had any effect on growth at all (see here too). The claim that tax cuts are self-financing is snake oil, and if the press was doing its job any politician saying this would immediately be labeled as a fraud (Ryan’s budget proposal makes this claim). Yet it lives on.

Just for fun, did you know that deficits more than pay for themselves? Den Rest des Beitrags lesen »

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The New Era of Cooperation Between the White House and Big Business

Posted by hkarner - 20. Dezember 2010

Mittwoch, 15. Dezember 2010, 18:26:00, Robert Reich
Na, super !!! (hfk)

Jamie Dimon, chairman and CEO of JPMorgan Chase & Co., praises the President’s agreement with Republicans to extend the Bush tax cuts.

“If we’re going to strengthen our economy and grow jobs, this type of outreach — and cooperation between the administration, Congress, and the private sector — are critical,” says Dimon.

Dimon met last week with the President. Thirty other CEOs are meeting with him today.

Dimon’s compensation over the last three years has averaged $21,991,394 a year. The tax deal agreed to between President Obama and the Republicans will give Dimon and extra $1,179,000 next year, according to an analysis by Citizens for Tax Justice.

The bank Dimon heads was also the beneficiary of the giant Wall-Street bailout of 2007 and 2008. JPMorgan Chase & Co, along with other Wall Street banks, also poured millions of dollars into a lobbying campaign to water down the financial reforms Congress considered earlier this year.

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Obama Against a Compromise on Extension of Bush Tax Cuts

Posted by hkarner - 8. September 2010

September 7, 2010, NYT

WASHINGTON — President Obama on Wednesday will make clear that he opposes any compromise that would extend the Bush-era tax cuts for the wealthy beyond this year, officials said, adding a populist twist to an election-season economic package that is otherwise designed to entice support from big businesses and their Republican allies.

Mr. Obama’s opposition to allowing the high-end tax cuts to remain in place for even another year or two would be the signal many Congressional Democrats have been awaiting as they prepare for a showdown with Republicans on the issue and ends speculation that the White House might be open to an extension. Democrats say only the president can rally wavering lawmakers who, amid the party’s weakened poll numbers, feel increasingly vulnerable to Republican attacks if they let the top rates lapse at the end of this year as scheduled. Den Rest des Beitrags lesen »

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Why Obama Is Proposing Whopping Corporate Tax Cuts, and Why He’s Wrong

Posted by hkarner - 8. September 2010

 7. September 2010, 09:04:00

President Obama reportedly will propose two big corporate tax cuts this week.

One would expand and make permanent the research and experimentation tax credit, at a cost of about $100 billion over the next ten years. The other would allow companies to write off 100 percent of their new investments in plant and equipment between now and the end of 2011 at a cost next year of substantially more than $100 billion (but a ten-year cost of about $30 billion since those write-offs wouldn’t be taken over the longer-term).

The economy needs two whopping corporate tax cuts right now as much as someone with a serious heart condition needs Botox. 

The reason businesses aren’t investing in new plant and equipment has nothing to do with the cost of capital. It’s because they don’t need the additional capacity. There isn’t enough demand for their goods and services to justify it. Consumers aren’t buying because they’re trying to come out from under a huge debt load, including mortgage debt; they have to start saving because their nest eggs are worth substantially less; and they’ve lost or are worried about losing jobs and pay. Den Rest des Beitrags lesen »

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