Thread: American Jobs Act introduced in Congress

...but it's not the 155 page version Obama presented!

It seems that Louie Gohmert (R-TX) noticed that nobody had introduced Obama's bill so he "shared the wealth" of the title and added it at the top of his own legislation. The bill is 2 pages long and simply proposes that the corporate income tax be eliminated.

Bill Text
Press Release

Too funny...

Originally Posted by lutherf

...but it's not the 155 page version Obama presented!

It seems that Louie Gohmert (R-TX) noticed that nobody had introduced Obama's bill so he "shared the wealth" of the title and added it at the top of his own legislation. The bill is 2 pages long and simply proposes that the corporate income tax be eliminated.

Bill Text
Press Release

The least he could have done was eliminate individual taxes too.

Clever

Meanwhile, Obama says this is a national emergency now. Jackboots will soon be mobilized to track down targets from his attackbuster.com website.

RALEIGH — President Obama turned up the rhetorical heat in his push for his jobs bill on Wednesday, declaring that the country is facing a “national emergency” that demands Congressional action on his $447 billion economic package.

http://www.nytimes.com/2011/09/15/us...jobs-bill.html

Originally Posted by michael h

The least he could have done was eliminate individual taxes too.

Somehow or other I don't see that happening any time in the near future.

The fact of the matter is that a bill like this, if enacted, would likely spur and absolutely insane amount of growth. It would also immediately serve to decouple (in a large part) corporate interests from government interests.

If such a bill passed today I wouldn't be the least bit surprised to see GDP increases in the double digit range for the next 5 years.

Of course we would also suddenly see a glut of corporate accountants who needed retraining.

Originally Posted by lutherf

Somehow or other I don't see that happening any time in the near future.

The fact of the matter is that a bill like this, if enacted, would likely spur and absolutely insane amount of growth. It would also immediately serve to decouple (in a large part) corporate interests from government interests.

If such a bill passed today I wouldn't be the least bit surprised to see GDP increases in the double digit range for the next 5 years.

Of course we would also suddenly see a glut of corporate accountants who needed retraining.

If this were to happen, it would be safe to say we could be looking at between 0-4% total unemployment.

Originally Posted by RRAHH

If this were to happen, it would be safe to say we could be looking at between 0-4% total unemployment.

Oh yeah...and in short order too. We'd probably be to 7% by the end of this year.

Originally Posted by jviehe

Meanwhile, Obama says this is a national emergency now. Jackboots will soon be mobilized to track down targets from his attackbuster.com website.



http://www.nytimes.com/2011/09/15/us...jobs-bill.html

What was that old fable about the boy who cried 'wolf' too many times?

Originally Posted by michael h

The least he could have done was eliminate individual taxes too.

And the downside would be what?

Originally Posted by lutherf

Somehow or other I don't see that happening any time in the near future.

The fact of the matter is that a bill like this, if enacted, would likely spur and absolutely insane amount of growth. It would also immediately serve to decouple (in a large part) corporate interests from government interests.

If such a bill passed today I wouldn't be the least bit surprised to see GDP increases in the double digit range for the next 5 years.

Of course we would also suddenly see a glut of corporate accountants who needed retraining.

I think decoupling would be the best. Looking for a downside here.

Originally Posted by RRAHH

If this were to happen, it would be safe to say we could be looking at between 0-4% total unemployment.

Still looking. Haven't seen it yet.

Originally Posted by lutherf

Oh yeah...and in short order too. We'd probably be to 7% by the end of this year.

Still looking for a downside here. Just don't see it. I wonder if it's even there.

Why not bring this idea up to your congressmen? Couldn't hurt.

Originally Posted by lutherf

Somehow or other I don't see that happening any time in the near future.

The fact of the matter is that a bill like this, if enacted, would likely spur and absolutely insane amount of growth. It would also immediately serve to decouple (in a large part) corporate interests from government interests.

If such a bill passed today I wouldn't be the least bit surprised to see GDP increases in the double digit range for the next 5 years.

Of course we would also suddenly see a glut of corporate accountants who needed retraining.

lol I don't know if I agree ... but it reminds me of the eternal optimist who hasn't posted in a while.

In that case I'm glad I gave up on accounting ... was a 4.0 but couldn't stomach it.