Grand Bargain, Again

Wednesday, July 31, 2013

Is a new "grand bargain" in the works? Roben Farzad, contributing editor for Bloomberg Businessweek, discusses the proposal President Obama made to lower corporate tax rates in exchange for increased revenue, as part of his jobs creation efforts.


Roben Farzad

Comments [7]

Another /establishment/ voice.

/This/ is what we need "public radio" for? For content that is nearly ubiqutous throughout the commercial media?

Why not bring us /dissident/ voices? People who /challenge/ the establishment? People who present /independent/, /original/ ideas and criticisms?

Some examples of people who would make excellent guests on topics such as this but who, /at most/ are heard only rarely on this show and WNYC (or at least /far/ less than the various establishment hacks and mediocrities that we are treated-to day after day) include Ralph Nader, Lew Rockwell, Dean Baker, Michael Hudson, Doug Henwood and Richard Wolff.

Jul. 31 2013 11:28 AM
BK from Hoboken

Why are we even talking about cutting taxes for corporations? So that GE can take losses year to year and roll them over so that they never pay anything? If the effective rate is 12%, the only thin I would want to see is a completely flat rate without loopholes or deductions for that same 12%. I see no need to lower a rate when hugely profitable companies pay zero. The only thing I can see making sense would be to change how we tax overseas profits- the US is an outlier in the global economy in how we do this.

Jul. 31 2013 11:27 AM
John A

Progressive taxation please. It can be implemented soas to cut a lower rate for the impoverished too.

Jul. 31 2013 11:16 AM
antonio from baySide

Why not make it zero, and raise income taxes for those making over 2 million to 80 percent and tax dividends and capital gains to 50% if that's your only income. Also raise the threshold for social security contributions, right now it's 110k or something. Whala...streetcars for everyone!

Jul. 31 2013 11:12 AM
Ben from Westchester

Let's stop discussing "35%," which is only paid by small business.

The biggest businesses pay nothing in corporate tax including GE, Apple, and many others.

And now they propose dropping the rate in exchange for killing loopholes. Oh please -- let's close the loopholes first and then come to the table.

Better yet, let's institute the "hobby loss" rule for corporations. If I collect baseball cards and make no money for 5 years, the IRS calls it a hobby. So, since Exxon and Apple have said their US businesses lose money for more than five years, let's call them a hobby and disallow their investment credits and such.

Jul. 31 2013 11:12 AM
Tony from Canarsie

Please do not compare the president to Anthony Weiner just to get a cheap laugh.

Jul. 31 2013 11:08 AM
Scott from Soho

As a member of the 99%, I've had to cut my budget during this continuing downturn in the economy. Is it really unreasonable for our government to cut 1% from it's ever growing budget?

Jul. 31 2013 10:28 AM

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