Obama and Corporate Welfare

[usmcstinger]

Tax breaks for Hollywood, NASCAR, windmills, algae and multinational corporations ended up in the "fiscal cliff" bill thanks to President Obama, according to Senate Republican sources. But they were spawned by a web of lobbyists, donors and staffers surrounding Democratic Sen. Max Baucus of... 


The rich makers are redistributed to the rich takers. That’s basically what Obamanomics is all about.” Arthur Brooks, president of AEI (where I am serving a fellowship) put it very aptly on CNBC last Friday in the video clip above. He’s talking about the fiscal cliff legislation,...
Obama

 

[Euroconservativ]

GE, Google and many others pay tax rates near zero, and they are proud of it. Many small businesses owners pay 40-50%

From the NY Times:

http://www.nytimes.com/2012/11/30/u...rden-than-in-the-80s.html?pagewanted=all&_r=0

Alan Hicks divides long days between the insurance business he started in the late 1970s and the barbecue restaurant he opened with his sons three years ago. He earned more than $250,000 last year and said taxes took more than 40 percent. What’s worse, in his view, is that others — the wealthy, hiding in loopholes; the poor, living on government benefits — are not paying their fair share.

“It feels like the harder we work, the more they take from us,” said Mr. Hicks, 55, as he waited for a meat truck one recent afternoon. “And it seems like there’s an awful lot of people in the United States who don’t pay any taxes.”

Mr. Hicks, like many residents of Belleville, views this debate with unhappiness. He would like the government to cut spending but not reduce services. He is certain that the government should not raise taxes on the middle class, a group in which he includes himself, but he is ambivalent about asking anyone to pay more. Higher taxes would hurt his businesses, he said, so raising taxes on those who make more money seems likely to hurt their businesses, too.

“At this point, I guess it’s inevitable in order to get us out of this hole,” Mr. Hicks said of higher taxes. “Illinois is in bad shape, along with a lot of the nation. But I don’t feel like we should tax the middle class any more than we are right now. There’s going to come a point where they take the incentive out of working hard.”

 

[dblack]

And the beat goes on ...

From the WSJ article -

Review & Outlook: Crony Capitalist Blowout - WSJ.com

"Republicans who are looking for a new populist message have one waiting here, and they could start by repudiating the corporate welfare in this New Year disgrace."

 

[dblack]

And the beat goes on ...

From the WSJ article -

Review & Outlook: Crony Capitalist Blowout - WSJ.com

"Republicans who are looking for a new populist message have one waiting here, and they could start by repudiating the corporate welfare in this New Year disgrace."

And the sad thing is that they won't.

 

[jwoodie]

Herman Cain's 9-9-9 Plan made way too much sense to ever be accepted by the political establishment.