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Originally Posted by dc_dux
The 75% of those with health insurance provided by their employer will not be affected....they will not be shifted to the federal government.
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No one really knows what the impact will be. It is safe to make assumptions that there will be no impact, but employers and employees will be responsive to changes in the law. They need to be very careful here, if an employer has an "out" they will take it. If an employee can get a better deal through a government plan and can take it, they will.
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Deregulation sure worked out well for the banking/investment industries.
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It certainly has for those institutions who exercised good judgment. The firms the are in a position to cherry pick valuable assets in this distressed market will come out stronger and with greater value.
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Taxing business who shift their employment base overseas sounds like a good plan to me.
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These businesses could also shift their entire corporate operations overseas. Again, business will be responsive to changes in the law.
Also, keep in mind that in some situations an American corporation has to establish operations overseas in order to compete in the global market. GM has a market cap of $3.1 billion, Toyota's is $120 billion - If GM opens a plant overseas to compete with Toyota in Asia and then closes a plant in the US that makes gas guzzling SUV's it would not make sense to penalize GM further unless our government simply wants them out of business.
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Giving Exon Mobile and the other oil companies another $13 billion in tax cuts (as would happen under McCain's plan) sounds like a bad idea to me.
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Perhaps the taxes are not cut but being shifted, take a more detailed look at McCain's plan and how oil companies are taxed in general. I am not sure how you come up with your number, but as an example if an oil company is given a accelerated depletion expense for a new oil well, they get a tax cut up front, but will pay higher taxes on the tail-end. This type of tax policy may encourage exploration and new production by reducing the up-front costs.
Democrats consistently show one sided views of complex issues. If there was at least one occasion where they articulated both sides of an issue I would be much more optimistic about the impending Obama Presidency with a Democrat Congress. Again, I don't know if they don't understand the complexities of the issues or simply ignore them to gain political power.