Archive for August 10, 2011

Wealthy & Corporations Must Pay ‘Fair Share’

Posted in control on August 10, 2011 by spikestl

“It also means reforming our tax code so the wealthiest Americans and biggest corporations pay their fair share and it means getting rid of taxpayer subsidies to oil and gas companies and tax loopholes that help billionaires pay a lower tax rate than teachers and nurses.” ~ Pres. Obama

Raising Taxes on corporations… Think about that for a second. Only two things exist in business, Cost and Profit. If you raise a company’s Cost ( wages,supplies, rent, and Taxes ), they have to raise the price to make a profit. If you can’t make a profit why be in business???

In fact actually no company anywhere pays taxes, they All pass that cost on to the consumer.

“I can’t imagine a more anti-business president than the one we have now” ~ Sen. Jim DeMint

Posted in politics with tags on August 10, 2011 by spikestl