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Higher taxes are necessary to invest and
compete globally: US Commerce Secretary

Original Article

Posted By: voxpopuli, 9/14/2021 9:12:44 PM

Corporate tax increases are necessary for the U.S. to better compete globally, U.S. Commerce Secretary Gina Raimondo told Yahoo Finance Live in an interview. House Democrats are out with a proposal to raise the tax rate on companies with income of at least $5 million to 26.5%. “If American business is going to compete, we need these investments,”


WHAT?! and this reporterette just lets this administration girl babble like this??!!

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Reply 1 - Posted by: sanspeur 9/14/2021 9:22:29 PM (No. 914838)
soooo the more taxes !! the more competitive ? okey doaky !! let’s do it.. Politicos, churchs , ngo’s , COLLEGES , first !! yippee do dat
12 people like this.

Reply 2 - Posted by: MrDeplorable 9/14/2021 9:24:54 PM (No. 914840)
Taxes as investments? Sure, it's the Mafia all over again, you know, the scene where "Big Guy" (tailored suit, maybe eating ice cream) walks in shadowed by "Button Man" (hand on bulge under arm) and says "Nice business you got here, Uncle Sam, be a shame something happened to it. Let's talk investment. Want an ice cream?"
18 people like this.

Reply 3 - Posted by: MOBeef4u 9/14/2021 9:25:49 PM (No. 914841)
Where in the world did this airhead learn economics? Or maybe she just knows things. Maybe AOC taught her. We are doomed.
23 people like this.

Reply 4 - Posted by: sjredwood 9/14/2021 9:28:02 PM (No. 914842)
You cannot raise taxes on a corporation. It will reduce costs in order to stay competitive. Usually by either reducing its workforce, raising prices or both. Raising taxes on "a corporation" is effectively raising taxes on any citizen who uses the corporation's services or products. Raimondo is a Harvard educated Rhodes scholar... quite the whiz kid.
17 people like this.

Reply 5 - Posted by: bogeegolf 9/14/2021 9:30:54 PM (No. 914844)
Get these clowns out of there! When we get our country back make them entertain the prisoners at gitmo.
14 people like this.

Reply 6 - Posted by: Ribicon 9/14/2021 9:34:28 PM (No. 914846)
Secretary Gina knows full well that once our rootless globalist corporations move as much capacity as possible outside the USA, seeking lower costs of doing business, there won't be any good jobs for all the kids with broadband connections and expensive educations. Yet just by chance, everything our government does is to the detriment of the nation, almost as if they're dismantling it from within.
10 people like this.

Reply 7 - Posted by: LC Chihuahua 9/14/2021 9:35:34 PM (No. 914847)
Gee!!! If the government owned EVERYTHING, we would be at our peak competitiveness. This is how the Commies work, and how they rationalize their actions.
8 people like this.

Reply 8 - Posted by: Birddog 9/14/2021 9:43:52 PM (No. 914851)
“If American business is going to compete, we need to ..." confiscate 26.5% of every dime they make. It would not be fair to other nations businesses for us to NOT cripple our own. So...we will take MORE from them than the Communist Chinese take from theirs...EXCEPT in states like the Presidents own Deleware, where businesses can still hide an not pay any local/state taxes, by writing off their fed taxes dollar for dollar, or the opposite in many other Dem States, write off every locally extremely high tax dollar from their Fed Taxes.
4 people like this.

Reply 9 - Posted by: Quigley 9/14/2021 9:51:58 PM (No. 914855)
More taxes more better more unicorns!!! Utopia is nigh !!!
6 people like this.

Reply 10 - Posted by: marbles 9/14/2021 9:54:08 PM (No. 914856)
NO ! They are not. These arrogant snots believe it's their right to rule the world and they want us to pay for our enslavement.
6 people like this.

Reply 11 - Posted by: Californian 9/14/2021 9:56:34 PM (No. 914857)
Genius! Set the tax rate to 100% and we will out compete everyone! If 26 is good, 100 is better. Anyone who loves this country would want the best for everyone.
9 people like this.

Reply 12 - Posted by: nina584 9/14/2021 10:00:48 PM (No. 914858)
She went to the same Bussiness school as the bartender.
9 people like this.

Reply 13 - Posted by: Nimby 9/14/2021 10:07:30 PM (No. 914861)
Is the horse face paying for the increase ?
2 people like this.

Reply 14 - Posted by: columba 9/14/2021 10:17:14 PM (No. 914866)
7 people like this.

Reply 15 - Posted by: Heil Liberals 9/14/2021 10:20:47 PM (No. 914869)
These f’ing losers! Higher taxes so the government can “invest.” I hate every one of the criminal communists bastids. They are destroying our lives. What’s worse is that we sit back and let them. We are Rome.
8 people like this.

Reply 16 - Posted by: singermom9 9/14/2021 10:22:12 PM (No. 914871)
I am tired of being taxed and the money given away to unworthy countries. Spend the money on us and our people.
7 people like this.

Reply 17 - Posted by: rochow 9/14/2021 10:56:20 PM (No. 914898)
DUH??? Who knew a dame could be this dumb. Did she have lunch with Nasty Pelousi???
3 people like this.

Reply 18 - Posted by: Pepperpot59 9/14/2021 11:11:12 PM (No. 914911)
I never saw a democrat in power yet that understood how economics works. I suppose when you have people that believe a man can become a woman they will believe anything.
6 people like this.

Reply 19 - Posted by: DVC 9/14/2021 11:34:58 PM (No. 914932)
Taxes DECREASE economic growth, always. This whole junta is filled with fools, idiots and other assorted Marxists.
5 people like this.

Reply 20 - Posted by: watashiyo 9/15/2021 12:10:28 AM (No. 914952)
Cut the size of government by 25% first!
7 people like this.

Reply 21 - Posted by: vinegrower 9/15/2021 12:41:09 AM (No. 914966)
At the rate this gang is going there will be no businesses left in the USA to tax.
1 person likes this.

Reply 22 - Posted by: Lawsy0 9/15/2021 1:38:55 AM (No. 914988)
Attempting to ''compete globally'' is utter balderdash and BS. We have already invited the CCP to come to Afghanistan to pick up our plans, and info not already given to them by Clinton and Bush. I can see why they'd lie to CTA. Apparently, Russian intel doesn't share very well.
1 person likes this.

Reply 23 - Posted by: Come And Take It 9/15/2021 1:52:31 AM (No. 914991)
How much longer are the American public going to tolerate being sodomized by our government?
2 people like this.

Reply 24 - Posted by: Strike3 9/15/2021 7:33:51 AM (No. 915084)
The word, "Invest," has been highly abused by this government. It can be replaced by the more accurate phrase, "spend out the wazoo." The damage to this country will be the same.
5 people like this.

Reply 25 - Posted by: moebellini3 9/15/2021 8:58:13 AM (No. 915147)
Corporate tax increases are necessary for the U.S. to better compete globally, U.S. Commerce Secretary Gina Raimondo. All bullsh**. Funny how 4 years under Bush we not only competed globally we were successful at it. Other countries were actually buying our oil. Now we are begging other countries for oil...The commerce department is made of of democratic hacks.
2 people like this.

Reply 26 - Posted by: CivilServant 9/15/2021 9:01:35 AM (No. 915152)
I have taken the time to calculate-precisely- the amount businesses have paid in taxes for last year, the last 10 years, the last 100 years and since the beginning of time. I shall now report those numbers: Adding together the 4 columns, I come up with the grand total of: $0.00. BUSINESSES DO NOT PAY TAXES, THEY COLLECT THEM.
3 people like this.

Reply 27 - Posted by: Right Time 9/15/2021 9:11:42 AM (No. 915170)
Why not 60% or 70%taxes? That'll make us even more competitive globally! Gina Raymond knows as much about economics as AOC--which is nothing!
3 people like this.

Reply 28 - Posted by: cheeflo 9/15/2021 4:40:10 PM (No. 915649)
That script is pretty tattered but they'll still read from it, in spite of all evidence to the contrary.
1 person likes this.

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Corporate tax increases are necessary for the U.S. to better compete globally, U.S. Commerce Secretary Gina Raimondo told Yahoo Finance Live in an interview. House Democrats are out with a proposal to raise the tax rate on companies with income of at least $5 million to 26.5%. “If American business is going to compete, we need these investments,”
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