What are the Republicans thinking?

What are the Republicans in Congress doing? 

Even with most of the Republicans in Congress knowing full well that the Bush era tax cuts had a set life span of ten years due to them having been there to vote on them, they seem to think that the tax cuts specifically for the wealthiest two percent of the population is the only way to save this country financially.

Granted, the wealthiest two percent of Americans can have a greatest impact short term by spending money due to the amount that they are capable of spending but they didn't get rich by people force feeding them cash and telling them to spend that cash.  The wealthiest of Americans are a mix of family money passed down and people who worked hard to get that money so when someone is willing to hand them hundreds of thousands if not millions of dollars they are more likely to pocket the money than spend it like the Republicans keep insisting will happen if the tax cuts are extended.

The worst part is that the Republicans basically told ninety eight percent of the country that they don't matter when they said to the president that unless the wealthiest of Americans gets to keep their tax cuts, the poorest of Americans are on their own. By insisting on such measures the Republicans are not living up to their duties to their constituents.

It amounts to the Republicans in Congress holding ninety eight percent of the country hostage to their insistence that their mentality of the richest of Americans being the only ones that can bring us out of the recession and that they need help in the form of continued tax breaks that were designed to end in 2010.

I would like to know where the politicians get their data on taxes

Given that some politicians think that giving tax cuts to the richest 2 percent of the U.S. population equates to job growth in the U.S. I would like to know where this mentality comes from?  For many years there have been tax cuts in place for the richest in the nation, yet the jobs have been leaving the country or have been cut totally due to the mentality that there is higher profit if jobs are dealt in this way.

If there are to be continued tax cuts to the wealthiest of our citizens we need them to show that the mentality that has lead to the tax cuts is for real by actually creating the jobs that they have lead the politician to believe would happen. 

the dynamics of the U.S. Economy

Given the dynamics of what has been happening with the U.S. economy due in part to the housing market collapse and the continually rising oil prices, the U.S. economy is going to end up causing long term problems not just in the U.S. but all over the world. The U.S. dollar isn’t the highest valued currency out there but it given the problems in the world markets since its slide downward shows that it is one of the major currencies that help keep the world’s economies going. This by itself has shown that as much as people like to complain about the way the U.S. does business, we have enough influence on the world stage to cause internal problems for other countries just by having internal problems of our own.

There has to be a real involvement from all public and private sectors involved in the U.S. economy in order for the real problems that are plaguing us. The unfortunate part of what is happening with the U.S. economy is the finger pointing that everyone does which only worsens the predicament that we are currently in due to everyone believing that they are not the one that is causing the problem. Everyone who has been pointing fingers at who should be blamed, tend to want everyone to entertain their ideas as if they are the only ideas that are valid.

What is needed is for an organization that has a vested interested in making sure the economy succeeds that is independent of both sides to actually see what needs to happen to protect the economy through giving protections to both sides that force each side to do things certain ways. The normal way that people on handle problems with the economy is for both sides stating that taxes should be reduced but in accordance with how they feel they should, normally with one side stating that the people who have the up front money to hire people should get the tax breaks while the other side states that the lower and middle classes should be the ones to receive them instead.

That mentality does not do the economy justice without first understanding where the underlying problems are with respect to where the most money is spent and why. Granted the top few percentages of income of the United States can out spend all other income levels per person but as income level go, in general most of the spending comes from people who have to do the grunt work so to speak which are in the lower income levels.

This would suggest that any tax breaks need to be targeted to areas that can do the most to help restart the economy rather than blanket cuts to specific income groups, even if it means that the tax cuts be for specific company tax ID numbers for companies with the most potential to hire new employees due to the availability of the products and ability to sell them at a reasonable price for the lower income levels.

We can no longer afford to dance around certain subjects as well, this would be due to the fact that each thing we negate to deal with pet projects or intentionally use as a carrot dangling in front of a donkey to get pet projects approved. Every area of the country needs to have things done and instead of trying play with the lives of people in other districts or other states, the projects that require federal funding should be prioritized so that way what is needed the most gets done first before something that isn’t as important does.

The government has been in charge of maintaining the infrastructure for the streets and highways, but in areas where there is a high volume of traffic for specific purposes the business’ there should be helping to maintain the infrastructure due to the fact that, they are the ones with the vested interest to make sure that the infrastructure is maintained to a specific level. There is one problem with it though and that is the companies that rely heavily on that infrastructure feel that it is the government’s job to maintain it but the companies squawk when they are told by the government that it is either maintain one thing or maintain something else with the money the government does have to maintain what is required of the government.

The government doesn’t help either with protocols that do not always permit interagency communication with matters and protocols that are may be needed in some form but are too costly due to man power or due to the needed supplies to maintain those protocols. What is needed is a way to allow interagency information exchange that maintains the protocols without compromising the integrity of the agency or the data that it requires to be kept inside that agency.
Both the private and public sectors have to shoulder what has happened to the economy instead of pointing fingers at each other for the short comings of both that caused the economic mess to begin with. If either side refuses to shoulder its share of the responsibility then it shows that they are more concerned with the short term band aid effect that has allowed us to limp along till now.

The one question should be; who can do what and when to reverse the negative effects of the spiraling economy?

thoughts on taxes and the economy

When it comes to the economy and taxes, at the moment the mentality of giving the tax breaks to the wealthiest of individuals and families isn’t working as well as it has in the past and as intended. This is due to the fact that these individuals have the same mentality as others when it comes to more for less, instead of it being product based it is based on how much service can they get for the cheapest possible price, this would include the salaries of the people offering those services along with trying to get the people who provide services to them to do more work for the same money that they have been receiving.

Most business’s are looking to find ways of saving money in today’s economy to the point that if they have to choose where they can actually save money given the cost of supplies and the salaries of their workers. At times saving money and actually producing the product or services are at odds with each other and usually the product or the employees loses out, in favor of maintaining or increasing the profit margin for the company.

With the rising prices of products and services the biggest losers are those companies that can no longer sell their products due to the cost of their products or services becoming too expensive for their targeted market stemming from not being able to afford their products any more due to stagnating incomes and rising costs. This is even starting to happen with the everyday household necessities and it was evident with the stimulus package when the middle and lower class’s went to the places that gave them the largest product amount for their money and to stores that enticed those same customers by giving gift cards for a percentage of their rebate check or giving a sale percentage off of the total bill for spending money at their stores.

Tax cuts can be a good thing provided they are in the industries that show real growth potential and are willing to make sure that their companies have what is needed to grow which would be a workforce that is compensated in ways to keep the companies potential growing, this would include salary and health care incentives along with offering various ways of letting their employees save for their retirement.

It would be very short sighted to give blanket tax cuts or credits to everyone within certain income brackets or companies which that have really high corporate profits. A blanket tax cut causes animosity for those in lower brackets especially when those individuals and companies choose not to live up to the premise behind those tax cuts in favor for higher short term profits. Any and all tax cuts which are geared towards those upper income and profit levels should be only allowed when they the individuals and companies are geared for long term profits and corporate sustainability rather than the fast cash that would be provided by such cuts without regards to sharing the wealth to those employees that did the bulk of the work in getting the companies to those profit levels.

The economy may be based on supply and demand to a great degree, but due to the rising costs of even the basic necessities of every day life that demand is going down creating problems for those companies who are producing products based on past demographics, causing those companies to shrink their work force due to a lack of money coming in but that is just a short term fix and ends up hurting those companies long term due to the fact they are adding to the problem by forcing those employees to go on unemployment or take lower paying jobs which causes their former employees to by less of that product if it is an everyday item used by their employees.

We also need to be looking at expanding on industries which can take our economy in new and more productive directions in regards to bringing in new taxes for the local, state and federal government while producing a product that can produce positive job and salary growth. A good deal of this would be to better educate people in general and retraining people to help be productive enough in those industries that need trained people to further the growth potential for the companies. These would be the types of industries where tax breaks and credits would be helpful especially if they are set up be given to those companies willing to train or send their workers to school to learn the needed skills.

All tax cuts for companies and corporations should be set up on an incentive basis geared toward helping the employees rather than helping the pockets of those high up in the chain of command. Ways of setting up the tax breaks should be like giving tax breaks to those companies and industries that provide education incentives for their employees and more of a tax break if these industries and companies are willing to provide education incentives for their employee’s immediate families.

For those companies that have the ability to allow their employees to use public transportation instead of driving should have tax breaks in place if they have position where the hours of operation for the position fall with in the hours of operation for the public transit system and the company actively promoting the public transportation system, allowing the companies to take advantage of the same or similar laws that make it attractive for the employees to utilize the public transit systems.

tax rebates

Everyone understands the economics of businesses using tax savings to produce jobs which has to some degree worked in the past. the economic climate has changed to the point that those same businesses that would have produced jobs here in the United States 20 years ago are now the companies sending jobs over seas to reduce costs while maximizing profits.

regardless of how it is worked our economy and society is based on the supply and demand aspect of the free market economy. my understanding of supply and demand is if no one can afford to buy the products then there is no demand for the product which translates into no demand for workers to produce the products.

my idea on a way to help the economy

In my opinion the best way to help avoid or limit a recession here in the U.S. is to no follow the rules of "trickle down economics" that the republican party likes to use when it comes to tax cuts due to the fact that the large U.S. companies have shown a willingness to make cuts to try to pad their wallets even more.

Where the economy is based on supply and demand, the best way to stimulate the needed growth to avoid a recession is to put the tax cuts into the largest section of the economy which is the low and middle income levels.

How would giving a tax cut to the income levels that account for the fewest amount of people in the nation who are looking to line their pockets be a viable option to stimulate the economy especially since those same people are cutting jobs here in favor of cheaper workers over seas?

Taxes

Taxes

There are many common items that are used by all income levels use but there is a large difference as to the specific types among these items used by the various income levels. With the high the income level comes a larger degree of use of the higher end versions of these common items, which are used less due to fewer people being able to afford them. In turn has less of an effect on the economy than the lower end versions that are more widely used by the population and has a larger customer base due to the up front cost(s) of these items.

Give the tax cuts to the income levels that have the largest number of people so that it would have a direct impact on the economy through sheer volume of consumers. I feel that lower income tax has the potential for more sales tax collected in states that have a sales tax. There is no guarantee that each individual or family will spend the money coming from the tax break.

Suggestions for individual tax cuts:

· Give the tax cuts to the low, moderate and lower middle income levels in an attempt to boost spending in those income levels.
· Give tax breaks individuals in higher tax brackets when they have made a real commitment when giving a decent living wage to people that work for them if they guarantee to pass a portion of the tax break onto their employees such as babysitters, or others that people coming into their households to do routine work for them.

When it comes to corporate tax cuts I feel that they should be given to the companies that are noted as having the most potential of creating jobs and that offer affordable products with in the lower income levels. They can’t be just handed out to companies; they should be tied to certain conditions that cannot be skirted. If you think about it the more people who can afford the products offered whether needed or discretionary translates to higher profits for companies, which translates to more corporate taxes being collected even if the tax rate is lower.

Suggestions for corporate tax cuts:

· Actual permanent job creation
· Strategic job placement in communities that need and want those types of jobs when ever and where ever possible to help the targeted consumers.
· Take a proactive role in education.
· Provide better pricing with out compromising the company’s ability to be profitable

Permanent job creation means that an individual is going to be a steady taxpayer and would reduce the need for various benefits that the state and federal governments would have to dispense.

Unfortunately not every community is open to certain jobs even though the jobs would be helpful in the community. This is why I said strategic job placement in communities. What I mean by this is look at each community individually and see what the community needs. Then look at the type of jobs needed by the different companies and then place those jobs in communities that are willing to accept.

Even though an education is guaranteed by the constitution, everyone gains from an educated workforce. It should be in best interest of both government and the private sector to make sure that people have the education that would be needed for the workforce.

Jobs can’t be created if there is a lack of demand due to a lack of people being able to afford the products or services and jobs can’t be created if people can afford the products or services if there isn’t an educated work force to produce those products or to provide those services.