The last time windfalls profit tax was in place--GASOLINE WENT UP! Do you really believe that installing another tax will not end up at the gas pump!
all taxes are passed on to the consumer one way or another.
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The last time windfalls profit tax was in place--GASOLINE WENT UP! Do you really believe that installing another tax will not end up at the gas pump!
no it's not a start, oversight? my ass, they could have had oversight a long time ago when Greenspan and McCain sounded the alarms...
Once again you partisan hack Bush has almost nothing to do with it and never has. Congress is to blame and remind me who runs congress and who in 2003 REFUSED to change regulations when Bush ask them to? Which party was it that blocked those changes then? And which party was it that spent the last 40 years making it easier and easier for people unable to repay loans to not only get them but make institutions required to GIVE them?
You are as dumb as a box of rocks.
Did you read the article in the NY Times in 2003 where the Bush administration set forth legislation to reign in Fannie & Freddie, & where democrat Barney Franks blocked the bill & actually quoted as stating there was nothing wrong with Freddie & Fannie!
That was 5 years ago.
Do you actually believe that taking more tax dollars out of business is going to help "main street"? Tax hikes=job losses
You were asked yesterday what onerous riders were put on that bill...
have you answered yet?
If not, I'm not interested.
You ae not interested because you KNOW tax increases are BAD for the economy. TAXING business more dries up jobs and forces companies to move or close down. YOU know that any tax will be directly dumped on the consumer, as in the working public and you know that a Wind fall tax plan will be felt at the pumps and in peoples wallets.
You don't care though because you are a partisan hack.
I don't know either candidates precise position but here is what Obama is saying:
It's a start, anyway....
"Further inaction is simply not an option," McCain said in brief remarks to reporters, his first news conference in more than a month. "We must pass legislation to address this crisis. If we do not, credit will dry up, with devastating consequences for our economy. People will no longer be able to buy homes and their life savings will be at stake. Businesses will not have enough money to pay their employees."
He called the proposed bailout a "staggering" figure that amounts to a $10,000 contribution for each U.S. household, money that could otherwise be used to rebuild roads and bridges in every town in the country. To protect taxpayers, he asked for a bipartisan board to provide oversight, a plan to recover the money, a cap on compensation for executives of firms that are helped by the bailout and a ban on earmarks on the legislation.
McCain stopped short of saying he would vote "no" if his priorities weren't reflected. He said he was confident the final plan would include them.
While members of Congress have agreed in principle on aspects of the administration's proposal, many Democrats and some Republicans, like McCain, have insisted the plan deny "golden parachute" payments to executives at failing financial firms.
"In any solution, we must see accountability, we must see transparency and we must make sure taxpayers' dollars don't line the pockets of executives," McCain said earlier Tuesday while campaigning in Ohio.
More...
Wednesday, September 24, 2008 Email to a FriendAdvertisement
The Rasmussen Reports daily Presidential Tracking Poll for Wednesday shows Barack Obama attracting 49% of the vote while John McCain earns 47%. It’s the first time in more than two weeks that Obama has enjoyed a lead larger than a single percentage point (see trends). Both men are now viewed favorably by 55% and Rasmussen Markets data currently gives Obama a 54.4% chance of victory (see market results for key states).
Forty-one percent (41%) say they are certain to vote for Obama and will not change their mind. Forty percent (40%) say the same about McCain. The remaining 19% are the candidates’ target audience for Friday night’s debate.
damn mccain better drop out of the run huh
damn mccain better drop out of the run huh