PM, Dion unite to trim costs Nov 8, 2008
Described by one senior government official as "cordial and business-like," the two leaders will seek common ground on government spending cuts, accelerating infrastructure investment, strengthening the ban on bulk water exports and keeping corporate taxes intact. And while Dion warned earlier in the week that Liberals would no longer give Harper's government a free ride by abstaining on confidence votes, the Conservatives don't seem to be scrapping for a fight. (Winnipeg Sun)
GOP should return to patience and principle Nov 8, 2008
Outsourcing is spurred on by corporate taxes in America, which remain among the highest in the world. Conservative economics should be based on a simple principle: Taxation discourages and subsidies encourage. (Yale Herald, CT)
Newfoundland no longer a punchline Nov 8, 2008
The reversal of fortunes is one of name only, the result of an equalization formula, recently rejigged to include resource revenues, that's become remarkably detached from reality, says Brian Lee Crowley, president of the Atlantic Institute for Market Studies: Ontarians, while failing to moderate a bad habit of hobbling corporate taxes and excessive spending, are scarcely much poorer than they were in recent "have" years; Newfoundlanders, with their own faulty fiscal policy, hardly richer. "How... (National Post)
Direct tax kitty growth falls below 30% Nov 7, 2008
According to finance ministry figures released on Thursday, corporate taxes grew by 33. 49% to Rs 105,174 crore from Rs 78,785 crore last year, while personal tax, including FBT, STT and BCTT, grew at 23. (India Times, India -- Intl Business)
A state sales tax jump could backfire Nov 7, 2008
The state's corporate taxes are stiffer. California's tax system is among the least friendly to businesses, according to the Tax Foundation, which ranks it 40th among the states. (Los Angeles Times)
Canadian Tire Names Wetmore Chief, Replacing Gauld, Says Profit Increased Nov 7, 2008
Trusts avoid most corporate taxes by paying out the bulk of their income to unitholders. While Wetmore headed up Bell Aliant, the shares declined 27 percent. (Bloomberg -- Canada)
Governor, lawmakers work to close $1.2 billion deficit Nov 7, 2008
Napolitano noted that revenues from sales and corporate taxes have failed to meet projections. "Consumers, by and large, have stopped making particularly large purchases," she said. (AZCentral -- News)
How an Obama administration could affect Louisiana Nov 6, 2008
INCOME-CORPORATE TAXES. The president-elect has said he favors raising income taxes on families earning more than $250,000 and individuals making over $200,000, along with a rise in corporate taxes and $80 billion in tax breaks for poor workers and the elderly. (WWLTV.com, LA)
Obama Tax Hike Plans Already Hurt U.S. Nov 6, 2008
He would increase corporate taxes by 25 percent, even though American businesses already face the second-highest marginal tax rates in the industrialized world, thus harming job creation while weakening demand for the dollar. Obama argues that his tax increases would affect only higher-income workers and corporate fat cats. (Human Events Online)
Weyrich: What to Expect From Obama White House Nov 6, 2008
This may include massive increases in the death tax, the capital gains tax, income taxes and corporate taxes, among others. Such increases would cripple our economy, diminish growth, make goods and services much more expensive, and reduce Americans to a lower standard of living. (Newsmax)
Real Estate Industry Closely Watching Polls Nov 5, 2008
REALTOR Magazine Online: The real estate professional's business support tool. YOUR INTERACTIVE MAGAZINE REALTOR.ORG/realtormag. (Realtor Magazine Online)
Coal in Government Crosshairs Nov 4, 2008
Many like to portray business taxes as only affecting greedy CEOs, but corporate taxes are paid by all of us: we pay them in the form of higher prices for goods, fewer jobs, and lower wages. Senator Obama also wants to raise taxes on investment, such as raising the capital gains tax rate and the tax on dividends. (Townhall.com)
Britain Can't Spend Its Way Out of This Recession Nov 4, 2008
And if it makes businesses nervous about the future, and encourages even more of them to quit the U.K. for countries with lower corporate taxes such as Ireland, it could turn a mild recession into a depression. Worse, all that extra spending will hurt the currency. (Bloomberg -- Columnists)
Election to benefit some industries, harm others Nov 4, 2008
Obama promises to raise corporate tax rates and income taxes on families making over $250,000; McCain promises to cut corporate taxes and extend all of President Bush's tax cuts. A look at how some could fare. (San Diego Union-Tribune -- Business)
Your views: Weighing in on local, national issues Nov 3, 2008
During the Reagan years, corporate taxes were lowered to get the economy moving. Remember Reaganomics. (Florida Today)
Congressmen not banking on the polls Nov 3, 2008
Wilson also wants to reduce capital gains and corporate taxes to provide a spark to the flat-lining economy. He points out many companies are leaving the United States because the corporate tax here is twice that of Europe. (Orangeburg Times and Democrat, SC)
Obama’s tax plan Nov 2, 2008
gun961960 wrote on Oct 23, 2008 9:55 AM:" Hey Ding (intersting name BTW)...I have taken this opportunity to help you out by copying Mr. Obamas plan for you and pasting it here:Cut taxes for 95 percent of workers and their families with a tax cut of $500 for workers or $1,000 for working couples. Provide generous tax cuts for low- and middle-income seniors, homeowners, the uninsured, and families sending a child to college or looking to save and accumulate wealth. Eliminate capital gains taxes... (Helena Independent Record, MT)
Letter: Before voting: Look past rhetoric to real issues Nov 2, 2008
John Burton wrote on Oct 31, 2008 1:07 PM:" Formownopinion: What is it about the statement that "corporations" don't pay taxes that you don't seem to understand? Coroporation's don't pay taxes; They pass the cost of such things onto their customers in the form of price increases for goods or services.If foreign corporations don't pay their taxes, then I guess the Democrat controlled congress of the past two years has been asleep at the switch and failed to "amend the tax code" as IS THEIR JOB... (Montana Standard, MT)
Bertrand opposes three-term legislator Wendt Nov 1, 2008
Bertrand supports lowering personal income and corporate taxes, citing Iowa with the highest corporate rate in the nation at 11 percent. He said that makes it hard for Iowa to compete for business with adjacent states. (Sioux City Journal, IO)
Confident Obama: 'I think we're winning right now so maybe I'm doing something right'... Nov 1, 2008
Hotline On Call: Hotline After Dark -- Cruisin' For A Bruisin. Hotline After Dark -- Cruisin' For A Bruisin. (The Drudge Report)
McCain knows the American way Nov 1, 2008
His only regard for oil companies is as a source from which to squeeze even more corporate taxes. This will only raise the price at the pump just as gas prices are coming back down for consumers. (Albany Times Union)
Referendum chatter Nov 1, 2008
By raising corporate taxes, you will pay more for the product ... If corporate taxes were lowered, much of this wealth would be reprinted allowing for investment and job creation here in the United States. (Forest Republican, WI)
LETTER: Obama wants to cripple, not protect, America Oct 31, 2008
Mr. white flag Obama will continue to harm growth and investment in this country with higher capital gains and corporate taxes placing America s assets on the auction block for the rest of the world to gorge on. I only see ways that Obama wants to cripple and weaken America not protect it. (Mattoon Journal-Gazette, IL)
Fortis Earns $49 Million in the Third Quarter Oct 31, 2008
------------------------------------------------------------------------- ------------------------------------------------------------------------- Terasen Gas Companies Financial Highlights (Unaudited) Periods Ended September 30 ------------------------------------------------------------------------- Quarter Year-to-date ------------------------------------------------------------------------- 2008 2007(1) Variance 2008 2007(1) Variance... (CCNMatthews Press Releases)
Mitsubishi Motors Announces 1H 2008 First Half Financial Results and Forecasts for the Full Year Oct 31, 2008
The company leaves its original full-year net income forecast of 20 billion yen unchanged due to favorable changes in extraordinary income and loss items and in corporate taxes in the first half of fiscal 2008. 3. (JCN Network, Japan)
The Treats to Our Markets Oct 30, 2008
Finally, he would increase corporate taxes by 25 percent, even though American businesses already face the second highest marginal tax rates in the industrialized world, thus directly harming manufacturing and job creation while weakening demand for the dollar. Obama argues disingenuously that his tax increases would only affect higher-income workers and "corporate fat cats." But it is precisely these top marginal tax rates that control incentives for savings, investment, entrepreneurship,... (Townhall.com)
Obama goes prime-time; McCain goes after Obama Oct 30, 2008
Illini boy wrote on Oct 29, 2008 10:02 PM:" Truly unbelievable that Obama has half this country fooled. Anyone with an ounce of common sense understands that his promise of lowering taxes does not wash. He has voted to raise taxes 100% of the time he has had the chance, 94 out of 94 times. His increases on Corporate taxes and capital gains tax will result in 100% of the people paying more for every single thing they buy which is an increase on everyone. His 900 billion in spending and increased... (The Pantagraph newspaper)
Go, Ted, go John Oct 30, 2008
Removing that private capital, whether in the form of corporate taxes or personal income taxes, reduces growth; that is a hard law of economics. Obama promises to compensate for the loss by picking winners in the government-spending lotteries more below. (Atlanta Journal-Constitution)
Obama a true socialist (1) Oct 30, 2008
The problem with taxing corporations is that corporate taxes tax the consumer ... Corporate taxes force corporations to collect taxes and reimburse them to the federal government. (Waterloo Courier, IO)
Letters to the Editor: Oct 29, 2008
John McCain wants to make the Bush tax cuts permanent, cut corporate taxes, repeal the alternative minimum tax and claims that raising taxes has never been beneficial. He has a short memory. (Ontario Argus Observer, OR)
What can John McCain do? Oct 28, 2008
(2) raise corporate taxes. (3) raise taxes on higher income individuals. (Atlanta Journal-Constitution -- Opinion)
By the Issues: Where McCain, Obama Stand Oct 28, 2008
Raise corporate taxes. $80 billion in tax breaks mainly for poor workers and elderly, including tripling Earned Income Tax Credit for minimum-wage workers and higher credit for larger families. (New York Post)
87th District House race packed Oct 28, 2008
One of the solutions he proposes is cutting business and corporate taxes in half to spur growth, stating businesses and corporations spur economic growth. "We're at the bottom right now," Adams said. (Ionia Sentinel-Standard, MI)
Falling company tax revenue main deficit trigger: economist Oct 28, 2008
And Mr. Orr said a decline in corporate taxes, as profits dwindle in a slumping economy and many companies fall out of the black and spill red ink, will be the source of most of the government's fiscal pain ... He added that corporate taxes account for between 12 and 15 per cent of federal tax revenue, but this is likely to decline as corporate profits shrink and tax cuts come into effect. (Globe and Mail -- Business)
The United States of Obama Oct 28, 2008
Under Obama, corporate taxes would likely go up and unions would be strengthened under proposed new card check rules for union organizing. Ford and GM cannot continue with high taxes and an extremely costly unionized workforce. (Human Events Online)
Obama and "The Left" Oct 27, 2008
Location: NY Reply # 1 Date: Oct 27, 2008 - 7:32 AM EST Subject: "Corporate taxes". Bad news folks. (Townhall.com)
Richard Epstein On Obama At Chicago Oct 27, 2008
And third, he is in favor of progressive individual taxes and high corporate taxes. It is as though the U.S. does not have to compete for labor and capital in global markets. (Forbes)
32 comments Oct 27, 2008
The Audacity of Brand-New Taxes - HUMAN EVENTS. The Audacity of Brand-New Taxes by 10/24/2008. (Human Events Online)
Making dollars and sense of candidate's tax plans Oct 26, 2008
More broadly, McCain contends that his plan would fuel job growth by reducing corporate taxes, making U.S. companies more competitive, and giving people more incentive to invest. 1 | Tools. (Milwaukee Journal Sentinel)
Flaherty says surplus still in cards Oct 26, 2008
New Democrat finance critic Thomas Mulcair said a deficit should have been expected after the GST and corporate taxes were cut. "We thought it was a mistake then and we're being proven right, unfortunately because, simply, the fiscal capacity has been diminished to the point where we're now into a deficit for August.". (Toronto Star)
August red ink points to ‘rough times' ahead Oct 26, 2008
The government's revenues stagnated in August as Prime Minister Stephen Harper's government dealt with its cuts to corporate taxes and the goods-and-services tax. Spending, on the other hand, continued to balloon, rising by 10 per cent or $1. (Globe and Mail -- Business)
Consumption Tax May Rise From 5% After 2010 to Fund Welfare, Yomiuri Says Oct 26, 2008
Japan may also lower income and corporate taxes for the next three years to spur economic growth, the newspaper said, citing a government plan. To contact the reporter on this story: in Tokyo at. (Bloomberg -- Japan)
Reality Check: Helping Small Businesses Oct 25, 2008
There would be no direct benefit for small businesses because most small businesses don't pay corporate taxes, according to tax policy expert Martin Sullivan. As for Obama, he claims that he can create new jobs by giving employers a $3000 tax credit for every new worker they hire. (CBS News)
McCain becomes Bush Oct 25, 2008
patriot wrote on Oct 23, 2008 7:48 AM:" Milton,Add your name to the list of people who can't do their own research but leave it to factcheck.org. Whether or not it is a non-partisan group is not relevant. Try reading/research and doing your homework to make an informed decision. Your facts are skewed in the direction you want them to be, one can make the case go either way depending on your interpretetation. How do you suppose Obama will be able to pay for all his additional entitlement... (Helena Independent Record, MT)
High price may thwart tax cut plans Oct 25, 2008
Obama says he will cut corporate taxes but doesnt cite a rate. But he also says hell close loopholes which would raise taxes for some corporations. (MSNBC -- Politics)
Obama Goes On Offense In Indiana Oct 24, 2008
On Thursday, keeping up a schedule that has had him exclusively in states that voted Republican in 2004, Obama continued defending his plans - but also unleashed a sharp counterattack against McCain over corporate taxes. McCain proposes cutting the corporate tax rate to 25 percent from 35 percent, while Obama would raise corporate taxes to help pay for tax cuts for everyone earning under $250,000 a year. (CBS News)
McCain news more negative Oct 24, 2008
If Americans think things are bad now, wait until private business owner and corporate taxes get jacked up and profits limited. If Americans think jobs are disappearing and going overseas, wait until private business owner and corporate taxes get jacked up and evil profits limited ... If Americans think the middle class is being squeezed now, wait until private business owner and corporate taxes get jacked up and evil profits limited. (Atlanta Journal-Constitution -- Opinion)
McCain looks for Joes of all trades Oct 24, 2008
Obama was seizing on a remark that McCain made on Wednesday in an interview with CNN in what he described as "simple fundamental economics" the idea of cutting corporate taxes for "every business in America.". The candidates also accused each other of running fundamentally dishonest campaigns. (International Herald Tribune)
Small Business Strategies Oct 24, 2008
McCain: Lower corporate taxes from 35% to 25% or taxes on companies organized as "C" corporations ... Since McCain's tax cut only applies to corporate taxes, it's possible that Exxon will have a lower tax rate than a gas station owner who owns his business as an LLC.. (USA Today -- Money)
The Audacity of Brand-New Taxes Oct 24, 2008
New York -- Read his lips: Brand-new taxes. Barack Obama promises to return personal income taxes to Clinton-era levels, with the top rate rising from 35 percent to 39. (Human Events Online)
State said Anderson paid taxes Oct 24, 2008
Former Mesquite mayor Mike Anderson countered charges that he had not paid state corporate taxes by showing a letter he received from the state. In the letter to Anderson, State Comptroller of Public Accounts Susan Combs said the state filed the 2004 lien in error and that the lien has been relinquished. (McKinney Courier-Gazette, TX)
Daily chart: Mind your businesses Oct 23, 2008
Mind your businesses. Oct 22nd 2008From Economist. (The Economist)
Mind your businesses Oct 23, 2008
Oct 22nd 2008From Economist. Corporate tax rates are falling. (The Economist)
Lottery earnings expected to decline Oct 23, 2008
"But it's just more bad news."It's another example of how state revenues are getting hit on every front," he said. "What's striking about this fiscal crisis is that literally every source of revenue is being hit: sales, corporate taxes, capital gains, and the lottery. "Cahill, who was one of the biggest proponents of licensing casinos in Massachusetts, also suggested yesterday that casinos would not be an easy sell now. The current economic downturn has shown that gambling is not immune from... (Boston Globe)
Tickets go fast for McCain's Ormond visit this morning Oct 23, 2008
In general, McCain has called for cutting corporate taxes and keeping other tax rates that President Bush and Congress have lowered in recent years, while Obama has offered plans that would cut taxes for working families but lead to increases for high-income taxpayers. Whatever McCain's approach today, he's likely to have a big crowd to hear it. (Daytona Beach News Journal)
Ontario faces $500-million deficit Oct 23, 2008
Most of the decline comes from a sharp drop in corporate taxes. The government has also shaved its growth forecast for the economy this year to just 0. (Globe and Mail -- National)
Opposing Viewpoints: Taxes Oct 23, 2008
He proposes to cut corporate taxes by 25-35 percent in an effort to make our businesses more competitive internationally ... McCain has proposed cutting corporate taxes to 25 percent, a move that The Tax Foundation agrees would increase America's international competitiveness. (The Daily Universe, UT)
Credit That Obama Calls A Tax Cut Will Be Of Zero Help To Economy Oct 22, 2008
He would further increase corporate taxes through such measures as the windfall profits tax on oil companies. These marginal tax rate increases would dramatically discourage savings, investment, business expansion and job creation. (Investors Business Daily)
full text of the speech Oct 22, 2008
In particular, revenue from corporate taxes and value added tax is likely to come under some pressure. This is a natural consequence of the business cycle and our adoption of a cyclically adjusted budget balance makes provision for such cyclical effects. (Business Report, South Africa)
Memo to Barney Frank: Were Broke Oct 22, 2008
According to the Wall Street Journal "the top fifth of earners" - those with family incomes above $150,000 "currently pay 67 percent of all federal taxes, including not just income taxes, but payroll taxes, corporate taxes and death taxes. "The top 1 percent of earners pay 26 percent of federal taxes. " And about 40 percent of all employed Americans pay no income taxes at all. In Barney Frank's world, punishing those who work the hardest and create the majority of jobs is called "fairness. (Newsmax)
Trashing Joe the Plumber Oct 21, 2008
Every time Obama talks about a tax cut for 95% of the people (including the 40% who pay no taxes already) a truth in politics disclosure ought to compel him to acknowledge his stated, if unemphasized, intention to raise corporate taxes and taxes on the highest income individuals, resulting in a net reduction of private capital from the expropriation. Reducing private capital through taxation in a weak economy ought to ring warning bells for even our least economics-literate voters. (Atlanta Journal-Constitution)
Michigan's US Senate hopefuls hold 2nd debate Oct 21, 2008
He said he would cut corporate taxes for automakers and push right-to-work laws to reshape labor and management relations. He would ease corporate fuel economy standards to aid automakers. (Ionia Sentinel-Standard, MI)
Letters to the editor (Oct. 17) Oct 21, 2008
the net result is that the US has the second lowest corporate taxes in the world ... " Tom Johnston wrote on Oct 20, 2008 7:44 PM:" Here's a pretty interesting article about Corporate taxes. (Corvallis Gazette Times, OR)
America's Most Taxing Towns Oct 21, 2008
It doesn't incorporate corporate taxes or the effects of local tax burdens on federal income taxes. The dreaded Alternative Minimum Tax, a federal tax levied on high-income earners, is not accounted for. (Forbes -- Business)
McCain, Obama take different approach to taxes Oct 20, 2008
McCain calls for cutting corporate taxes and keeping other tax rates that President George W. Bush and Congress have lowered in recent years. The Arizona senator, in part, would keep the top income-tax rate at 35 percent. (Daytona Beach News Journal)
