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View Diary: MI-Sen: Carl Levin's (D) Cut Unjustified Tax Loopholes Act Would Raise $200 Billion In Revenue (20 comments)

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  •  Will this create more jobs or lower healthcare (1+ / 0-)
    Recommended by:
    Roger Fox

    costs. The only legislation that matters are the ones that create jobs and lower healthcare costs!

    "If the past sits in judgment on the present, the future will be lost." Winston Churchill

    by Kvetchnrelease on Tue Feb 05, 2013 at 05:04:09 PM PST

    •  You need revenue to help make that happen. This (4+ / 0-)

      act can do that.

      Funny Stuff at http://www.funnyordie.com/oresmas

      by poopdogcomedy on Tue Feb 05, 2013 at 05:16:07 PM PST

      [ Parent ]

    •  Great point, its not infrastructure spending, (0+ / 0-)

      it doesnt create jobs, it lowers the deficit, and who the fuck cares about the deficit.

      There 22 to 28 million Americans looking of full time year round work. And frankly even if the 200 billion over 10 years was spent on infrastructure.....

      Youre talking about 400,000 500,000 jobs

      But this dairy isnt talking about jobs, its talking about lowering the deficit, which contracts the economy, meaning we lose more jobs.

      Yawn.

      FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

      by Roger Fox on Tue Feb 05, 2013 at 07:04:25 PM PST

      [ Parent ]

      •  Where in this diary does it mention deficit (1+ / 0-)
        Recommended by:
        bear83

        reduction?  And how do you create 22 to 28 million jobs?  Plus infrastructure is also important for the economy.  I get that you're a keynesian which is fine and I agree that the job creation needs to be key but you can't ignore tax reform or getting new revenue.  I mean corporations using loopholes to avoid paying taxes doesn't anger you?  It should.

        Funny Stuff at http://www.funnyordie.com/oresmas

        by poopdogcomedy on Tue Feb 05, 2013 at 07:11:40 PM PST

        [ Parent ]

        •  Infrastruture has a multiplier of 2-2.5 (0+ / 0-)

          We used to spend 5-6% of GDP on infrastructure, 2011 we spent 1.3%.

          If we spent 6% of GDP on infrastructure:

          15 trillion dollar economy, 6% is 900 billion spent - between 18 million and 22.5 million jobs. Leaving about 6 million without jobs, equal to about 4% unemployment with a civilian workforce of 154 million. 4% unemployment is about as good as it got during the Clinton Administration.

          Revenue is in the diaries title, more revenue lowers the deficit....no?

          Look this is a good bill, and its strong enough to stand on its own.

          FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

          by Roger Fox on Wed Feb 06, 2013 at 10:36:41 AM PST

          [ Parent ]

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