michr
Lv 7
michr asked in Politics & GovernmentElections · 1 decade ago

why does it seem like all republican plans favor the rich and big business over the working family?

JACKSONVILLE, Florida (Reuters) - Republican presidential contender Mitt Romney said on Saturday his $233.4 billion U.S. economic stimulus plan would rescue an economy on the "tipping point" of recession. His plan foresees $141.4 billion in stimulus to corporate America in measures that include permanently reducing the corporate tax rate to 20 percent from 35 percent over two years and allowing businesses to depreciate the value of new equipment purchases faster.

McCain has voiced apprehension over proposals for temporary tax cuts and more spending as suggested by many Democrats and Republicans, saying they result in additional strains on resources. McCain has instead proposed cuts in corporate taxes from 35 percent to 25 percent, extension of Bush's tax cuts, and elimination of the Alternative Minimum Tax, which was enacted to prevent wealthy taxpayers from using many deductions to avoid federal income taxes.

Update:

so not only does it seem they favor big business but it is actually their beleive that it is the best way to adress our economic issues.

i now understand how that $600.00 a year that the bush tax cuts have saved me is really due to the added economic growth due to the billions in tax credits given to oil corporations, who have used those credits to help keep the price of food, fuel and transportation down...... due to their brilliant development and research programs and the republican led business revival these oil giants some how managed to see historic profit margins. thanks to those wonderful incentives and republican management of the economy we have seen millions of jobs created

(minimum wage service sector jobs, which don't come with a pension or 401k or health insurance....)

to make up for the higher pay industrial jobs which have been lost.

i was wrong, i don't understand how i missed how much the wonderful job done by our leadership in washington had done for us

19 Answers

Relevance
  • 1 decade ago
    Favourite answer

    Almost a rhetorical question. Republicans tend to be more conservative, and conservative values favor business.

    But I'm disappointed that Democrats emphasize helping the "middle class," and no longer talk about the poor. Of course, they'll get more votes and more financial backing from the middle class than from poor people. However, it suggests that politicians in both parties have now accepted it as a truism, that people vote only on the basis of self-interest.

  • Anonymous
    4 years ago

    Oh yes, conservatives through out the years have done this time and time again. What do think Eisenhower's speech on the Military-Industrial Complex was all about? Ideology is only popular consumption, real politics has always been based on trading support for rewards. All the speeches and rhetoric about principals and greater goods are mostly BS. Many Neo-cons are out to bankrupt the government so it can never pay for, or levy taxes for, another social program ever again. If you don't like these clowns -start working and voting against them, because if you're not with them -they're out hurt you.

  • 1 decade ago

    They do, and so do the democrats, because both want nothing but a larger government.

    When the government costs about

    $3,000,000,000,000.00 each year to operate

    you cannot claim that big business is not the main

    benefactor in such bloated bureaucracy

    Every dollar of that is taken by the people.

    If the government was a smaller, more constitutional size, estimates show it would cost about half. This would leave a ton of money available not only for the economy, but the normal people. Most importantly, it would help to maintain value of the dollar which greatly effects average people.

    Right now democrats want to do nothing but expand that 3 trillion dollar government, just as the neocons do. This creates more debt, and devalues the dollar, which effects you and me, and the normal people the most. Big business is not effected by this, because they have interest gaining options to stay above the devaluation of the dollar.

    The best thing that can happen for the working family, is for the dollar to regain its value, and the income tax and the IRS to be abolished (which can only be done by eliminating unconstitutional government programs).

  • Anonymous
    1 decade ago

    the poor already pay NO taxes- NONE- the bottom 40% pay none at all and if we have kids we get other peoples money back in the form of earned income and child tax credits. The top 5% pay 60% of the federal taxes and so forth

    Who do you work for? Corporations supply jobs and products. The more expensive it is to do business, the less jobs and less affordable the products. Businesses are not fleeing America because they are getting over, they are fleeing because they are getting the shaft- and oh, who is a shareholder? EVERY person with a retirement fund!!!

    The US has one of the highest corp tax rates in the world. While other industrialized countries have been cutting their rates for the past 10 yrs but not the US. With state taxes calculated in, the avg corp tax rate in the US is 40%- Just the federal alone is 35%- Canada has been dropping its corp tax rate as has Germany and many more.

    I think more people would benefit from taking 2 or 3 economics courses because most of what you all say is emotion driven and runs 100% contrary to reality.

    Anyways, if you want jobs and economic growth, cut the corp tax rate and reduce the excessive regulations and it will happen. Dont do it and you will continue to see jobs move over seas

    Source(s): Working class single dad with degrees in Business and Education/History
  • What do you think of the answers? You can sign in to give your opinion on the answer.
  • Peapie
    Lv 4
    1 decade ago

    BECAUSE THEY DO. Google Bilderberg, Trilateral Council, See the movie "The Good Shepherd" by Robert DeNiro, get the video from History channel called "Secret Societies" and then Read the book "The American Elite Society..." by Steven Sora and you will have your answer..

  • 1 decade ago

    The republicans you have today is a mixed variety of disenchanted democrats and independents.There is widely held belief by the republicans that if we let them make and keep all the money they will let some trickle down to the rest of us.When you have all the money you want the financial problems of the average American doesn't matter to you.Most republicans see themselves a the privileged class.The rest of us are the peasants of society. We just don't count to them.We are the problem classes.

  • 1 decade ago

    From whom do you think the working family get their paychecks? From the big businesses. Hurt the big business and you hurt the working man who relies on the success of the big business. Read up on what happens to the economy and working class families when liberals go after business and tax them to death...the unemployment skyrockets, as is what is going on right now in California.

    As for "the "rich" as you call them, the top 50% of wage earners pay 96.03% of income taxes.

    You have GOT to stop buying into the politics of class envy liberals try to feed you. It hurts everyone.

  • 1 decade ago

    Because if there were no big businesses there would be no small businesses and there would be no working families. Why don't we all just work for the government, they can supply us all a house, car and food. That way no one everything is fair, no matter if you work harder than the next person you get exactly the same. Doesn't sound to much like what our founding fathers had in mind.

  • jm1970
    Lv 6
    1 decade ago

    Because they do!!!!!!!

    Here's the thing, this country has HUGE bills...and not just because of all the "welfare and poor slugs who should get jobs or the illegals."

    We owe TONS of money for this war....anyone who speaks of cutting taxes right now is just plain STUPID.

    We have a HUGE bill to pay and the rich people are gonna have to cough up some dough to pay for their guy's war...even if you slash education, stop welfare all together, and never help another poor child again.

    It would have been a hell of a lot cheaper if Cheney and Bush had just paid Risk in the situation room.

  • Anonymous
    1 decade ago

    I dont quite understand your point. Bush cut taxes on the middle class. Are you saying that not only do your taxes have to be cut, but anyone who has more money than you must be PUNISHED and then you will be happy? Things are not black and white as you try to portray. Corporate America, the economy and working class families are all intertwined. Please quit buying into the dem strategy of dividing America with class warfare. It is sad to read the other posters on here. All sound bytes but no substance.

Still have questions? Get answers by asking now.