The Republican Utopia

[Archy1221]

2 hours ago, JJ Husker said:

Who TF thinks it’s funny (laughing emoji) that US politicians have sided with Putin and are doing his bidding? Or maybe you’re just stupid and refuse to believe it in the face of overwhelming and unquestionable evidence. There are only two choices here. 1) you are amazingly stupid and don’t deserve an opinion or 2) you are also a traitor to the US and deserve the fate of a traitor. Well and a 3rd option I guess, both.

Not sure but the post came from The Bulwark which by itself is pretty funny.   The Bulwark folks are either 1) amazingly stupid and don’t deserve an opinion or 2) Traitors to their views of conservatism and deserve the fate of mocking.  Or Both.  

[Archy1221]

16 minutes ago, Lorewarn said:

 

 

There's a decent contingent of folks who feel outnumbered and use the laugh emoji as a troll job to feel better. Best to just laugh it off yourself and keep scrolling.

Agree and that’s what I do.  

[JJ Husker]

27 minutes ago, Lorewarn said:

 

 

There's a decent contingent of folks who feel outnumbered and use the laugh emoji as a troll job to feel better. Best to just laugh it off yourself and keep scrolling.

Oh it isn’t bothering me. I just find it extremely sad this is something that someone thinks is laughable. Pretty serious problem considering it is actual elected officials. And worthy of mocking anyone who thinks it isn’t real.

[Dr. Strangelove]

On 4/13/2024 at 11:50 AM, Guy Chamberlin said:

 

In fairness, Republicans nominated John McCain and Mitt Romney and lost handily. They regained their groove when they went psychotic and obstructionist, including state and local levels. 

Because they faced Obama who ran on a considerably less progressive policy goals.

[BigRedBuster]

 

[BigRedBuster]

5 hours ago, Archy1221 said:

Not sure but the post came from The Bulwark which by itself is pretty funny.   The Bulwark folks are either 1) amazingly stupid and don’t deserve an opinion or 2) Traitors to their views of conservatism and deserve the fate of mocking.  Or Both.  

So…just ignore the fact that Republican elected officials are actually promoting Russian propaganda…..and other Republican politicians are pointing it out.
 

 

[BigRedBuster]

Oh DARN!!!!

 

It's actually down 14.61% right now.

[knapplc]

 

[commando]

23 minutes ago, BigRedBuster said:

Oh DARN!!!!

 

It's actually down 14.61% right now.

i might buy a share when it hits .50 cents

[ZRod]

1 hour ago, knapplc said:

 

Revenue isn't profit.

[knapplc]

14 minutes ago, ZRod said:

Revenue isn't profit.

 

The article explains better than the tweet.

 

 

Pfizer, which is headquartered in New York and received billions of dollars from the federal government for its COVID-19 vaccine, reported an overall 2023 loss of $4.4 billion domestically, bringing its effective corporate income tax rate to -105.4 percent, the company reported in a recent regulatory filing. 

 

Conversely, Pfizer reported more than $31 billion in revenue from international market sales, netting more than $5.4 billion of income for 2023. Pfizer has more than 300 subsidiaries in more than 60 different countries, with 98 subsidiaries based in known tax havens such as Ireland, Switzerland, the Netherlands, the British Virgin Islands, Singapore, and Puerto Rico, according to a Lever review of Pfizer’s recent 10-K filing. 

 

The 2017 tax law championed by Trump cut the federal corporate income tax rate from 35 percent to 21 percent, but many corporations offshore profits and exploit other loopholes to pay even less. 

 

From 2018 to 2022, the Trump tax cuts allowed 342 of the largest U.S.-based corporations to pay just $562 billion in taxes on nearly $4 trillion in profits, an effective average rate of 14.1 percent, according to a recent study from the Institute on Taxation and Economic Policy, a non-partisan tax policy organization.

 

Pharmaceutical companies comprise a significant portion of the companies engaged in tax avoidance. In 2022, major U.S. pharmaceutical companies reported more than $214 billion in revenue and only $10 billion in profits in the U.S. Those same companies reported more than $171 billion in foreign revenue and more than $90 billion in profits overseas, despite the fact that Americans pay the highest pharmaceutical costs in the world, said Brad Setser, a senior fellow at the Council on Foreign Relations.

 

“A large number of American pharmaceuticals report getting the bulk of their revenue from the U.S., earning no income in the U.S., and earning very substantial sums outside the U.S.,” Setser told The Lever. “And that same set of companies typically tends to report the bulk of their profits that they earn globally are in some combination of Ireland, Switzerland, Singapore, and Puerto Rico.”

 

[BigRedBuster]

20 minutes ago, knapplc said:

 

The article explains better than the tweet.

 

 

Pfizer, which is headquartered in New York and received billions of dollars from the federal government for its COVID-19 vaccine, reported an overall 2023 loss of $4.4 billion domestically, bringing its effective corporate income tax rate to -105.4 percent, the company reported in a recent regulatory filing. 

 

Conversely, Pfizer reported more than $31 billion in revenue from international market sales, netting more than $5.4 billion of income for 2023. Pfizer has more than 300 subsidiaries in more than 60 different countries, with 98 subsidiaries based in known tax havens such as Ireland, Switzerland, the Netherlands, the British Virgin Islands, Singapore, and Puerto Rico, according to a Lever review of Pfizer’s recent 10-K filing. 

 

The 2017 tax law championed by Trump cut the federal corporate income tax rate from 35 percent to 21 percent, but many corporations offshore profits and exploit other loopholes to pay even less. 

 

From 2018 to 2022, the Trump tax cuts allowed 342 of the largest U.S.-based corporations to pay just $562 billion in taxes on nearly $4 trillion in profits, an effective average rate of 14.1 percent, according to a recent study from the Institute on Taxation and Economic Policy, a non-partisan tax policy organization.

 

Pharmaceutical companies comprise a significant portion of the companies engaged in tax avoidance. In 2022, major U.S. pharmaceutical companies reported more than $214 billion in revenue and only $10 billion in profits in the U.S. Those same companies reported more than $171 billion in foreign revenue and more than $90 billion in profits overseas, despite the fact that Americans pay the highest pharmaceutical costs in the world, said Brad Setser, a senior fellow at the Council on Foreign Relations.

 

“A large number of American pharmaceuticals report getting the bulk of their revenue from the U.S., earning no income in the U.S., and earning very substantial sums outside the U.S.,” Setser told The Lever. “And that same set of companies typically tends to report the bulk of their profits that they earn globally are in some combination of Ireland, Switzerland, Singapore, and Puerto Rico.”

 

Yeah...there's some funky things going on with their revenue/accounting there.

 

I'm guessing they are somehow accounting for a lot of expenses in the US that really should be elsewhere.

[BigRedBuster]

1 hour ago, commando said:

i might buy a share when it hits .50 cents

Well, if it loses an average of 10% per day, it will be there in about 38 trading days.

 

I'm betting it will be sooner.  It's down 15.37% just today.

[Lorewarn]

2 hours ago, knapplc said:

 

 

 

 

Those people who took out student loans are to blame.

[Guy Chamberlin]

16 hours ago, Dr. Strangelove said:

Because they faced Obama who ran on a considerably less progressive policy goals.

 

Uhm......regardless of what policies Obama proposed and pursued, he was the same radical community organizer and socialist who couldn't wait to take your guns away. Just like any other Democrat the Republicans would face.

 

Hillary Clinton and Joe Biden are cut from the same moderate and willing-to-compromise cloth as Barack Obama. That's how the Dems held their center. I doubt many Americans can list, much less compare the difference in their policy goals.

 

I think you can trace the GOPs lurch to the right to 2009. A group of leading Republicans gathered to do the post-mortem on the 2008 Presidential spanking and decide what the GOP needed to stand for moving forward. IIRC, someone like Mitch McConnell emerged from the meeting and told the press that leadership could reach no conclusion, and would for the moment reject whatever Obama proposed as they reconfigured their platform. Pretty soon Republicans realized the opposing whatever Obama proposed WAS their platform, and it was working pretty well. Because the semi-organic local resistance to Obamacare had created the Tea Party, which solidified and energized the GOP base. The GOP establishment was thrilled at the time, never quite realizing that the unsophisticated base they were exploiting was about to take over the party itself.