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View Diary: Obama vows to work for middle-class economic security in weekly address (144 comments)

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  •  Ideas (3+ / 0-)
    Recommended by:
    midwesterner, quill, Heavy Mettle
    I’ll keep laying out my ideas to give the middle class a better shot in the 21st century
    Some of his ideas are wrong. Reaching out to Republicans is fine if they are proffering ideas in good faith, and in fact, good ideas.

    I think it may have been hannah in another diary that said some people consider ideas to be action.  Anyway, I think action, directed toward actually doing what he says above, such as the following:

    the most important cornerstone of all: a good job in a durable, growing industry
    would be welcome. Healthcare he has moved on. That is good.

    By the way can anyone enlighten on what he meant by work with Republicans to simplify the tax code for business?

    "No one can serve two masters. Either he will hate the one and love the other, or he will be devoted to the one and despise the other. You cannot serve both God and Money." -- JC, Matthew 6:24

    by Chi on Sat Aug 03, 2013 at 07:21:59 AM PDT

    •  earlier speech included lowering corp tax rates (1+ / 0-)
      Recommended by:

      some more in exchange for creating some jobs.  Sounded a lot like Reagan's "trickle down economics" stuff.

      •  No, it was going to raise revenue by lowering (6+ / 0-)

        loop holes and actual rate paid would go up - which is why Republicans opposed it. This got ZERO coverage here

      •  You can read the thing on Scribd (2+ / 0-)
        Recommended by:
        jm214, chuckvw


        Opening para :

        Our current tax code is broken and too complex, with businesses that play by the rules paying a 35% tax ratewhile many corporations that can hire hundreds of lawyers pay virtually no taxes at all. That is why thePresident has called for a revenue-neutral simplification of our business tax code to eliminate loopholes thatencourage companies to ship jobs overseas and establishes a top tax rate of 28%. Under the President’s proposal, some businesses would pay less, some corporations would pay more, but everyone would pay their fair share. But if we’re going to give businesses a better deal, we should give the people who work there a better deal too. Today, the President is calling for a pro-growth tax reform and jobs package that would be fully offsetusing one-time revenues raised as we transition to a new business tax system. The transition revenue would support much-needed investments such as modernizing our infrastructure; creating new manufacturing hubs;and training our workers with the skills they need for the jobs of today and tomorrow. At the same time,President Obama remains committed to pursuing a long-term deficit reduction deal that includes revenue-raisingindividual tax reform and a balanced approach to replacing the damaging sequester.
        The 35% rate was already a lowered rate from earlier, designed/sold on the exact premise that lowering corp rates would get more companies to pay the full, lowered tax rate.  Didn't happen.  Won't happen at 28%.  It will just lower tax revenues.  Reaganomics redux.  Combines with a continued deficit fetish.  sheesh.
    •  Some people consider outrage to be action. (8+ / 0-)

      Frankly when the President takes action based on available options, he's accused of depraved pragmatism.  When he offers ideas, he's accused of sitting on his hands.  The only thing some people want is impotent shoe-banging, but then the vast majority of people would rightly see the President is pandering to that element rather than doing his job.

    •  Maybe just google your own phrase. Many hits (4+ / 0-)
      Recommended by:
      Chi, midwesterner, Alice Marshall, chuckvw

      have stuff in them like the ABC piece a few days ago:

      Part of a New!Improved!Deluxe! version of the Grand Bargain that most of us have zero input into and will have to pay for. Lots of folks are pointing out that this is code for "further cuts to rich folks' taxes on the pretense of a hope they will urinate down on the Lesser Breeds..."

      Here's the search string: "work with Republicans to simplify the tax code for business"

      "Is that all there is?" Peggy Lee.

      by jm214 on Sat Aug 03, 2013 at 07:43:04 AM PDT

      [ Parent ]

    •  cutting corporate taxes (5+ / 0-)

      This is Grand Bargain 2.0: tax cuts for corporations in exchange for peanuts for infrastructure and presumably eliminating a few loopholes (tho he had supposedly dropped the loohole thing earlier).

      As far as I can tell, this is all just wishful thinking jibber jabber at this point, since the Republicans have rejected all of these ideas and they are the only ones he seems willing to talk to.

      History repeats itself, first as tragedy, second as farce - Karl Marx

      by quill on Sat Aug 03, 2013 at 07:50:42 AM PDT

      [ Parent ]

    •  One thing some people miss on DK (0+ / 0-)

      constantly that ideas show a person's vision.  It is often necessary to talk about the direction one wants to lead toward while gathering forces to bring it to fruition.

      Some people think every time Obama expresses a vision for where to place resources - access to college education for example - it means he made a solid promise irregardless of any political headwinds he might face due to the corrupted political institutions in the US.

      I'm not liberal. I'm actually just anti-evil, OK? - Elon James White

      by Satya1 on Sat Aug 03, 2013 at 08:40:51 AM PDT

      [ Parent ]

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