Yet Again, Republicans Package Tax Cuts for the Rich and Killing off Consumer and Environmental Protections as a "Jobs Plan"
Here is a fact: today when you hear from Republicans you are hearing from Wall Street, giant oil companies, huge multinational firms and a few billionaires, period.
The Republicans The Party Of The Rich
The Trickle Down Economic Theory is a RIGHT WING LIE. That doesn’t work, it has never worked, and it will never work. Because it's not principle based, it's corruption based it makes the RICHER, RICHER, and it produces massive poverty. President Ronald Reagan became the poster boy for the PREDATORY GLOBAL CORPORATIONS who seek cheat labor and obscene profits.
Showing posts with label Free Trade. Show all posts
Showing posts with label Free Trade. Show all posts
Thursday, May 26, 2011
Friday, April 15, 2011
Thanks to many loopholes in our tax code–the carried interest loophole being the most important–the richest people in American are likely paying a lower tax rate than you are. From Businessweek:
For the 400 U.S. taxpayers with the highest adjusted gross income, the effective federal income tax rate—what they actually pay—fell from almost 30 percent in 1995 to just under 17 percent in 2007, according to the IRS. And for the approximately 1.4 million people who make up the top 1 percent of taxpayers, the effective federal income tax rate dropped from 29 percent to 23 percent in 2008. It may seem too fantastic to be true, but the top 400 end up paying a lower rate than the next 1,399,600 or so.
That’s not just good luck. It’s often the result of hard work, as suggested by some of the strategies in the following pages. Much of the top 400′s income is from dividends and capital gains, generated by everything from appreciated real estate—yes, there is some left—to stocks and the sale of family businesses. As Warren Buffett likes to point out, since most of his income is from dividends, his tax rate is less than that of the people who clean his office.
Tax Day Reminder: Richest Americans Probably Pay at a Lower Rate than You Do
Monday, April 11, 2011
Friday, April 8, 2011
Paul Ryan’s Plan, the Coming Shutdown, and What’s Really at Stake
I was there in 1995 when the government closed because of a budget stalemate. I had to tell most of the Labor Department’s 15,600 employees to go home and not return the next day. I also had to tell them I didn’t know when they’d next get a paycheck.
There were two shutdowns, actually, rolling across the government in close succession, like thunder storms.
It’s not the way to do the public’s business.
Newt Gingrich got blamed largely because his ego was (and is) so big he couldn’t stop blabbing that Clinton should be blamed. (Gingrich’s complaint of a bad seat on Air Force One didn’t help.)
But the larger loss was to the dignity and credibility of the United States government. When average Americans saw the Speaker of the House and the President of the United States behaving like nursery school children unable to get along, it only added to the prevailing cynicism.
The GOP wants to shutdown the government a message to John Boehner we'll shutdown the GOP
There were two shutdowns, actually, rolling across the government in close succession, like thunder storms.
It’s not the way to do the public’s business.
Newt Gingrich got blamed largely because his ego was (and is) so big he couldn’t stop blabbing that Clinton should be blamed. (Gingrich’s complaint of a bad seat on Air Force One didn’t help.)
But the larger loss was to the dignity and credibility of the United States government. When average Americans saw the Speaker of the House and the President of the United States behaving like nursery school children unable to get along, it only added to the prevailing cynicism.
The GOP wants to shutdown the government a message to John Boehner we'll shutdown the GOP
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Get ready for a theocratic USA.