Sen. Rubio Questions Sec. Geithner on Job-Killing Tax Hikes

[tomfranklingrove]

Geithner doesn't answer Rubio's question. He still wants to raise taxes for more spending. Gross income is what the owner makes then you have to remove the expenses including payroll, materials, insurance and all other overhead to get your net income. The net income is what pays the owner if they are not on payroll. This is what the tax is based on. You take away from the net profit 99%, 50%, 25%, etc... the owner doesn't have any money left. The Gov. is taking your liberty away with out asking.

[yadig2012]

*President Rubio 2016 !!!

[OBAMABInlaDENrublind]

Put it on it Rubio ole bot! At em!

[bizarrojoustin]

You can see the difference between Giethner, a man willing to accept the limitations and responsibility of actually governing, and Rubio, who essentially wants to have a Tea Party hissyfit about raising taxes on the richest 1% of Americans.

[mayito714]

Two bullsh*ters at work no wonder these people cant get any problems solved...

[Aerodax1]

It's hilarious that this video makes Rubio look terrible but is uploaded by his YouTube account. Delusional much?

[Kyanlikethepepper]

rubio won't even let him answer, and geitner does answer, he just dismisses everything he says.

[papavalium]

I've never seen a Treasury sec so stupid. No wonder he couldn't do his own taxes.

[Vanakatherock]

I love how people bash Senator Rubio and praise Geithner, yet Geithner was the one who cheated on his taxes, not Rubio.

And on top of that, most people calling Rubio ignorant wouldn't stand a chance in a debate with him!

[Sp0ilTheFun]

@Vanakatherock Geithner won this exchange with facts and knowledge about the economy. Rubio ignored most of Geithner's points and just repeated talking points(From private corporations as matter of fact). I don't like Geithner because he is a banker whore, but Rubio is just bad all around.

[SoINeedAName48]

Hey, Marco ....

SHOW US YOUR LONG-FORMS!

[MikeHeath1]

Senator Marco Rubio is either disingenuous or ignorant. I think the latter.

[GoTeamHiroshima]

Rubio reminds me of a snotty ninth-grade debate team captain. No actual substance, adds nothing to the dialogue... just empty bromides. What a schmuck.

[steveh46]

Good for Geithner, who I don't much like. But he looks like a genius next to Sen. Rubio.

[DidMadeSaidThought]

Rubio is unimpressive. A parrot can recite talking points.

Geithner isn't impressive either, but at least he's being realistic. He's demonstrating nuance.

Rubio is just trying to play semantics with an old quote like high school English student does with his teacher, "...but, but this one time he said..."

[Freespeech86]

Never let a jew touch your money Genesis 47 the Bible read it

[11111110]

I still haven't gotten a coherent explanation as to how this tax hike would kill jobs. Workers are employed because they bring a net gain to a company. If taxes reduce profits, then wouldn't firing workers reduce them even further?

[miturbinesdurti]

@11111110 I would say it's because of a cash flow problem. When a company is having trouble covering its overhead and making payroll because their revenue is down due to a slow economy they will tend to drop unnecessary expenses. This will only work for so long before you are up against your mandatory expenses, that's when they start to lay off workers. The taxes are just another mandatory expense that gets you to that layoff threshold sooner.

[11111110]

@miturbinesdurti

But corporate taxes are applied to profit, not income. If they were raised to 99% it still wouldn''t prevent them from making overhead. It couldn't

And most competent managers would layoff "unncessary" workers at the first opportunity, tax hikes or none. It's just bad business to employ people that cost more than they help the company take in.

[miturbinesdurti]

@11111110 True, but raising the tax to 99% would erase all of the profit that would be used to grow the company which brings about new hires. Corporations lay off workers at the first opportunity, family owned businesses will hold onto their employees as long as possible.

[11111110]

@miturbinesdurti

You don't understand. Profit refers to the money leftover *after* spending on capital. If an employer spends a portion of their income hiring new people, then that money is not considered profit. Corporate taxes would no longer apply. Even in the worst case 99% tax scenario, it couldn't prevent a corporation from using their income for hiring.

[Sopmylo]

Sen. Rubio argues like a 12 year old. Embarrassing anyone take him seriously.

[robpollard45]

Can Rubio tell time? He thinks he "caught" Geithner by saying, "Why raise taxes now?" when Geithner is talking about CUTTING taxes in 2012 (that's why the plan increases the deficit) and then raising taxes in 15 months on a small fraction of Americans to help pay for the whole thing. Brilliant work - you can tell who's the economist and who's the lawyer.

[ChiBoompty]

Whenever someone says, "Give me a chance to respond," when no one else is talking, you can be quite sure that whatever comes out of his mouth next is complete rubbish.

[Parstices]

@ChiBoompty The fuck are you talking about? He got interrupted like 15 times within a minute by Marco Rubio.

[Aeschylus]

Timmy is a shill.

[Dontana808]

And let me ask--why are all these people so linked together in this administration? Geithner's father was in charge the foundation that Obama's mother worked for.

It's just weird.

They're all cronies.

[Dontana808]

The Marxists love using the word "fair." What is "fair" exactly about 45% of a nation's citizens paying nothing in taxes and in some cases actually getting money from the people who do?

Their idea of "fairness" is to make everybody poor and have the only ability to rise above one's circumstance be through political favor.

[MERCILESSPIT]

It's amazing the lengths that tax-cheat Geithner goes to, to attempt to circle talk his way out of a light-shedding questioning from Marco Rubio.

Essentially, Geithner could have just flat said - "The president was right that raising taxes would be a bad idea in a recession, that's why we need to raise them right now during this recession."

[DrAvrington]

It is obvious how Geithner got his job. The man knows nothing about basic economics. How about fire about 2/3rds of Federal Employees within all of these non-essential agencies. Cut politicians salaries and expenses. I think all these corrupt Globalists/Socialists should be deported. SRA

[blogegog]

I have the solution. Let's make Rand Paul President, and Marco Rubio Vice President for 4 years. Then, switch their roles. And whomever performs the best gets the next 4 years as President.

Either one would be a winning solution for America.

[JasonCYST]

@blogegog the would be an unstopable team. as a supporter of ron paul in 2012, even i would love (and almost prefer) to see it happen.

[megamaniac76]

If Obama and Geitner think that after a trillion in stimulus 3 years ago didn't work they can now somehow sell it again for half the price, then they got another think a comin.

[pooser9]

Ronald Reagan raised taxes 11 times. It's part of dealing with the deficit. The merits of a policy proposal are quite separate from whether the president said he didn't want to in an interview once.

[JohnJ2427]

@pooser9 You must really hate Obama for cutting taxes and increasing the deficit, right? Right?

[pooser9]

@JohnJ2427 It is indeed unfortunate that Pres. Obama wound up compromising with the Republicans, who uniformly impose returning marginal rates on income earned over $250,000 to surplus-era levels.

[tallbergs]

@JohnJ2427 YO WAKE UP He printed TRILLIONS to stimulate the economy

IT WENT TO THE BANKS the interest goes back to the Federal Reserve (free $ for them)

thieves and WE PAY THE BILL twice once up front and again in the form of inflation.

So you want ANYBODY to pay more taxes?

Think, WHY would you ruin the value of your own currency?

New world order? Obammy and Bush,,,,,,, same team.