Obama Pushes Tax Hikes In Weekly Internet Address; Bashes Republicans For Favoring Lower Taxes
Posted by Jim Hoft on Saturday, October 16, 2010, 8:28 AM
Barack Obama urged democrats in Congress to increase taxes on companies in his weekly address.
It sounds like just the thing we need.
The AP reported:
End tax breaks that reward some U.S. companies with overseas subsidiaries and encourage those businesses to create jobs in other countries, President Barack Obama is telling Congress.
Yet it’s an idea that has raised concerns even among some lawmakers in the president’s own party.
At issue is a bill, now stalled in the Senate, that would do away with some tax credits and deferrals for U.S. companies for operations abroad.
“There is no reason why our tax code should actively reward them for creating jobs overseas,” Obama said in his weekly radio and Internet address Saturday. “Instead, we should be using our tax dollars to reward companies that create jobs and businesses within our borders.”
Though Obama singled out Republican opposition, the bill also failed to get support from some Democrats, including the chairman of the Senate Finance Committee, Sen. Max Baucus, D-Mont. He has expressed concern that the change would put the U.S. at a competitive disadvantage.
The president also attacked Republicans for favoring lower taxes on businesses.
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Busted!… Obama Headlined a DEMOCRAT SOCIALISTS OF AMERICA Event in 1996 **FLIER**
Published May 24, 2012 at 8:46 pm - 91 Comments
Timwi commented:
Look on Redstate. The DNC through Move-on has opened to the public a database with the names, ages, town, and phone of anyone who donated to Obama. You just go to the website and it hands over this information to anyone.
Sickofobama commented:
I have nothing constructive to say except I hate Barack “Insane” Obama.
Timwi commented:
Just was looking around and people are using the phone numbers to do ‘reverse look up’ and getting the actual home addresses of these people in the database, where they work, names of kids- all sorts of information.
IOpian commented:
A tax hike is the People bailing out the government because of their malfeasance. The President and the Congress are in no place to point fingers at the private sector where we’d go to prison if we handled our affairs like the government.
Kenny Solomon commented:
He’s not pushing tax hikes.
He’s pushing another stick into the lion’s cage…… poking, prodding and inciting the lion to fight back.
Literally fight back, not by voting for ‘reverse change’.
Wake up…… they’re going to incite somebody of some group to do something stoooooooopid………and they’re gonna try their best to make it happen before November 2nd.
Sickofobama commented:
Timwi:
Could you be more specific?
Elmo commented:
We are on the precipice of disaster. The loc really could leave the tracks (forget Denzel and fiction). We are that close …
“Cotton prices touched their highest level since Reconstruction (after the Civil War) on Friday”
http://online.wsj.com/article/SB10001424052748704300604575554210569885910.html?mod=WSJ_hpp_LEFTWhatsNewsCollection
Gold WON’T be coming down to previous levels. Deflation? Yeah right. Sure many manufacturers are currently operating at sustain only, just to keep the doors open. And dare not raise prices a single freakin penny. But the dollar is in the toilet. And Chucklehead keeps printing money. And the dollar keeps falling. Inflation cannot hide from all sectors forever. Too many products, processes, and services utilize gold. Too many. As well the interconnectedness of the global economy, outsourced/offshore materials costing more because of the now worthless dollar. It cannot go on.
Connecticut: “The state has given Anthem Blue Cross and Blue Shield the go ahead to raise premiums by as much as 47 percent for some members, and says health care reform is the reason why.”
http://www.nbcconnecticut.com/news/local-beat/Health-Care-Reform-Blamed-for-Huge-Hike-in-Premiums-105041674.html
Some people are REALLY feeling it. Even to the point of letting another human being writhe on the floor, in obvious s e v e r e distress. Rather than pony up the pocket change, to help another human being!
“Woman Suffering Asthma Attack Denied Inhaler at Pharmacy”
http://www.foxnews.com/health/2010/10/15/woman-suffering-asthma-attack-denied-inhaler-pharmacy/?test=latestnews
Local municipalities, getting more than creative, in order to try and somehow balance their budgets …
http://www.nbcphiladelphia.com/news/local-beat/Philly-Suburb-Considers-Fining-Those-Who-Dont-Lock-Cars-104762534.html?dr
It’s insane.
Hold on. Hold on tight.
We’re gunna make it. Just seventeen days now.
————————-
And Timwi … I don’t play that game. I’m not even interested … (in climbing into the sewer with the libturd nation). But if you wanna …. and can stand the smell? Go ‘head … knock yourself out. Rejoice in being a cockroach … like them.
Beverly commented:
If I had a business, with foreign affiliates, I would expand my foreign operations and close my US ones, until America regains its sanity! The world is upside down and when all the producers cease production you’ll see the world as predicted in Atlas Shrugged. We are far along that path. God save us, for apparently we can not save ourselves from “those who think they are enlightened.”
Andreas K. commented:
Look into Germany. Look into Sweden. Look into the UK. Look into Austria.
Look at our taxes.
Look at our national debts and deficits.
High taxes ain’t working, Obie.
Ratt commented:
This really provides insight into what Limbaugh was saying about Obama. That when the Republicans win, Obama will absolutely NOT move to the center but demand THEY move to the Left. If, with two weeks to go, he is STILL stupid enough to be pushing for tax hikes when so many Dems are running from all kinds of different forms of Liberalism, then this is telling. Additionally, Obama, and now David Brooks (see Michellemalkin.com this morning) have admitted that the shovel-ready thing was crap. And all this with Democrats nationwide facing uphill battles and two weeks to go before election day.
Chisum commented:
It appears that the American people are waking up!
Christine O’Donnell outraises Chris Coons more than 2-to-1
http://www.politico.com/news/stories/1010/43683.html
Militant Conservative commented:
Just proves my point that I and KS and a few others have said all along. Obama is purposefully doing everything in his power to distroy America’s economy from within to rebuild the country as a socialist nation. Ain’t gonna work skippy, you forgot about all the hard working capitalists with guns. Mr. Obama, for your sake you’d better hope the Republicans win big and stop you. The American public will not be as kind. powder is dry
Chisum commented:
David Brooks: Obama told me “shovel-ready” was a crock…a year ago
http://michellemalkin.com/2010/10/16/david-brooks-obama-told-me-shovel-ready-was-a-crock-a-year-ago/
Chisum commented:
What the GOP should do when it Takes Control in January – Pass a Balanced Budget Amendment
http://macsmind.com/wordpress/2010/10/16/what-the-gop-should-do-when-it-takes-control-in-january-pass-a-balanced-budget-amendment/
Taqiyyotomist commented:
It’s almost as if he’s trying to acheive a “zero”-percent approval rating, on purpose.
If he were, I honestly don’t know what he’d be doing, or saying, differently.
Richard Bagg commented:
Why is this idiot still delivering a weekly propaganda message. Hopefully after November he goes away. As far as I’m concerned this idiot commie bastard in the White House has contributed absolutely nothing to the advancement of the American way of life. Just like the other 12.5 percent of the population he currently represents. Obama…. go to hell and be sure to take the first wookie with you..
Multitude commented:
Vote Democrat: Because Failure’s Just Your Thing
Elmo commented:
Taqiyyotomist
October 16th, 2010 | 10:14 am | #17
Like moths to the flame. Cannot help themselves. Unable to. Mindless (IslamoCommie) insects.
JimmyT commented:
Our Idiot in Chief, and many politicians like him, don’t even understand that business do NOT pay taxes. Their customers do. When you raise taxes on business, they raise prices to compensate. That’s why other countries have LOW business taxes. “Useful Idiots”.
cal rifkin commented:
Re comment # 15 : David Brooks is a crock! Does anyone really listen to this pu$$y any longer??? …And, I heard Obama today and he is so full of it, I almost drove my car into the ditch. He thinks he’s so effin smart, we’ll all start nodding our heads, but he ain’t fooling us again!
tarpon commented:
Food stamp president. Freebies for all.
I suspect he will be the first and the very last.
Kath commented:
One thing everyone needs to remember – business is a big word. Corporations ought not be included in any talk of the major engines that create jobs in America – mid-sized and small businesses. Corporate welfare is a drain on our economy that we ignore because we think of it as “business”. They are often more damaging bureaucracies that break the knee caps of smaller businesses in America. Also, corporations do outsource off shore and hide their money off shore. It ought be against the law.
I am against everything about Obama except this one. He’s right. Republicans need to be able to articulate the difference between corporate welfare and the rest of American businesses who keep their money here, create jobs here and pay all their many forms of taxes here.
Valerie commented:
Ah, well, it seems he hasn’t thought deeply about the implications of his one insight: that there was no such thing as “shovel-ready” projects.
Anthony Mator commented:
The only shovel-ready thing to come out of this administration is a heaping load of B.S.
But, hey, that’s politics, the world’s oldest scam.
Chisum commented:
What If
http://www.floppingaces.net/2010/10/16/what-if-reader-post/
Granny commented:
RattNo Gravatar
October 16th, 2010 | 9:19 am | #12
This really provides insight into what Limbaugh was saying about Obama. That when the Republicans win, Obama will absolutely NOT move to the center but demand THEY move to the Left. If, with two weeks to go, he is STILL stupid enough to be pushing for tax hikes when so many Dems are running from all kinds of different forms of Liberalism, then this is telling. Additionally, Obama, and now David Brooks (see Michellemalkin.com this morning) have admitted that the shovel-ready thing was crap. And all this with Democrats nationwide facing uphill battles and two weeks to go before election day.
___________
All of which says to me that he knows something about our elections that we don’t know – like maybe there won’t be any or the results have already been determined.
demscansuckit commented:
Remember to be on the look-out for any thug activity on November 4th…I think we need to organize squads to watch for any funny activities that day. I am considering taking the day off and monitor several voting spots with a camera for offense and clenched fist for defense.
Paul Revere commented:
All President Incinc (Incompetent, Inc.) will do is continue to drag anchor on the economy, limp along with low/no GDP growth and increase the defiict and national debt even more.
Speaking of the national debt, I read a piece by noted LSU engineer/economist that I’ll share here:
OBAMA DEBT REACHES SPACE STATION
In a stunning finding, the national debt attributable to Obama (Incinc) will reach the 204 miles distance to the International Space Station (ISS) on election day, Nov. 2. In an ironic twist of fate, a pile of crisp new one thousand dollar bills, representing this 3.0 trillion dollar increment of debt, would reach the ISS altitude of 204 miles on Nov. 2. This 22% increase since he took office will reach a total national debt of 13.7 trillion dollars, enough, if similarly stacked in a pile of crisp new thousand dollar bills, to extend an astounding 930 miles into space. Upon being notified of this disaster, he was heard to say, “Geez, its not as bad as it could have been (his 3 $trillion) if the Republicans hadn’t slowed me down).”
Readers, you’re welcome to quote these numbers, which are absolutely correct.
Stan Bumgardner
thomas mc donnell commented:
tax increases on businesses just result in higher costs of doing business. they get passed along to the consumer in the form of higher prices. so the one who really pays the higher taxes is the average citizen. the politicans know this but they like to fool their marxist supporters. this whole idea of taxing businesses is just a scam.