Evil Corporate Tax Holiday Deal Still Alive

Excerpt: "There was some talk that a corporate tax holiday might be rolled up somehow into the debt-ceiling deal. I heard that from a few quarters in DC in the weeks leading up to Obama's Bighornesque debt/supercommittee massacre. However, the tax holiday turned out to not be part of that deal. That does not mean, however, that the proposal is dead. In fact, calling around in the last few days, I'm hearing that it is very much alive."

File photo Wall Street Bull, 06/15/09. (photo: file, unspecified)

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+17 # angelfish 2011-08-04 21:57

If they do this MONSTROUS thing AGAIN, may our Good God strike them ALL dead! HOW dare they?! They truly ARE without shame, or hearts or Morals since there is no limit to the evil ends they will go to, in order to further increase the Wealth of those who don't NEED it at the expense of the already over-burdened American Tax payer who DOES! There is something intrinsically EVIL in their INSANE push to continue financially RAPING those of us who have hardly anything more to give! The repercussions of their greed are already manifesting in the World's financial Markets as well as our own! What is so insane, is that it doesn't have to BE like this! If ANY of them had a SHRED of moral Fiber, they would roll up their sleeves and Pitch In to HELP America, NOT drive her completely over the cliff! God DAMN them for their Greed and Stupidity!

+7 # in deo veritas 2011-08-05 05:42

BRAVO! God will levy a terrible punishment on this country if the good people do nothing to stop these predators. So far nothing has awakened the public to their peril. The media serve only to deceive and delude us when it isn't wasting our time with inane "reality shows". Could the world have been any more corrupt and ewhen He visited the flood than it is now? I doubt it. When you look at the statue of the bull outside the stock exchange we see THE GOLDEN CALF being worshipped!

+3 # in deo veritas 2011-08-05 06:02

How about a tax holiday for EVERYONE? GE and others have had a tax holiday for years. Every day that passes will make it harder on these thieves and vultures when they leave the world and have to face real judgment at the hands of our Creator They don't see this of course as they are athiests wh only worship money. Any pretense of being Christians, Jews, Muslims, etc. is a sham. They are already damned and we will be too unless we stop them.

+10 # ritaague 2011-08-05 01:50

Tragic it is. Anyone experienced with dealing with a family member with an addiction, understands what's at the very core of what we the sheeple are undergoing these days - greed and power addiction of our villainiare rulers.

How do addicts work? The addiction(s) is the only thing that matters to them, all the while denying they are addicted, or that anything whatsoever is wrong. Kill and destroy anyone and anything to keep their beloved addiction(s) thriving.

Is there a way to cure this and them? Yep. #1. Refuse their denial, and out them as you would an alcoholic or drug addict. #2. Allow the to 'hit bottom' i.e., tell them to get the hell out and not return unless the can i.e. quit drinking (or, in this case, quit robbing, cheating, defrauding everyone in order to keep their greed addiction alive and well, and their power over everyone and everything intact). #3. Do nothing to enable them. Their addiction(s) must be recognized and cease. Period. No compromise allowed.

Takes lots of courage and determination to deal with addicts. Enablers who reward and reinforce the addicts (those willing to give into their deadly addiction(s) by mediation, arbitration, etc.) loose the battle every time.

Please n.b., Pres. Obama. Time for you to CHANGE, and fight the evil addicts.

+5 # rm 2011-08-05 04:37

ritaague -- good point. Greed and power are an addiction. Our ruling elites are addicted and sick. they cannot help themselves. They need to be institutionaliz ed and kept away from places where they can hurt people.

Unfortunately, Obama like Clinton is an enabler. He is in denial as much as these addicts are. It it time to dump Obama. Even if a republican is the next president, the addictions of our ruling elites will be outed much more clearly than we will get with Obama's enabling and cover ups.

0 # charsjcca 2011-08-05 09:39

Stop collecting taxes and allow this 'charade' to come to a screeching halt. Without the props of fantasy-voodoo economics as articulated by George Herbert Walker Bush-this thing will collapse via its own weight.

+10 # Andrew Hansen 2011-08-05 02:36

The only way this coming heist was affected by the debt-ceiling massacre is the ease with which it will go down. On whatever day they choose, the super 12 cabal will cut a deal by 10 and head for the bloody mary's before lunch. No need to whip the whole entourage of 535 (who are happy, minus a few, to shirk the responsibility.)

Indeed, the coup (trap?) is nearly complete on we the people and very few are aware of it. We already have a handful given control of all the money (as well as the redundant ability to print as much as they or their friends on Wall St. want via the Fed). Now tax authority will go down from the "bad enough" of 435 to an amoral 12.

Sadly it won't be just the 350 million Americans that pay the price in the new globalized world where finance rules. At least in the prior empires, there was the annoying artifact of actually having to physically occupy the colony.

Ok, off the soap box. Matt, my thanks to you for your journalism. It is important. My only wish is that you weren't right so often...

A

+6 # rf 2011-08-05 02:58

Figures that another as#hole from Texas would give us this bill. Or I mean introduce the bill which was written by business.

+14 # TGMisanthrope 2011-08-05 04:16

"The amount of corporate cash that would come flooding into the country could be larger than the entire federal stimulus package, and it could be used for creating jobs, investing in research, building plants, purchasing equipment, and other uses."
_____________

Please allow me to translate:

The amount of corporate cash that would come flooding into the country could be larger than the entire federal stimulus package, and it could be used for creating [bonuses], investing in [yachts], building [mansions], purchasing [vacation homes], and other uses.

+6 # Observer 47 2011-08-05 05:27

GREAT post, Misanthrope!

+4 # VSweet 2011-08-05 06:14

How many times must our Nation continue to repeat the SAME mistakes before it plummets into an economic downfall?

While our Nation is spiraling economically down, the Republicans and the Mighty T Party have taken a recess from the perilous Debt budget they passed, forcing the President to sign. When they return from recess, may their heads spin with dizziness!!

Upon their return from recess, let all their unfruitful works in Washington, D.C. make them sick with Despair for all the calamities they have reaped upon our Nation and people. We are unfortunately, headed for a RECESSION.

They (Republicans and T Party) will reap all they have sown! Evil and Chaos and Despair will return upon them. Keep O God and spare ALL your people (the poor,their families, the unemployed, working class, senior citizens and the military)from their harmful and evil ways. I pray in Jesus name! Amen!

+3 # Katela 2011-08-05 06:48

God?

+6 # FoonTheElder 2011-08-05 07:22

The first time they did this a study showed that over 90% of the money went straight towards stock buybacks, executive bonuses, dividends and acquisitions of other companies.

+1 # bobby t. 2011-08-05 08:31

here is the thing: strategy: squeeze off the money in revenue. no government job plans. don't fix inferstructure. small government. no jobs.no recovery.
we win.
easy plan.
it is working and wall street knows it and is tanking.

+2 # Joan Dunlop 2011-08-05 10:42

Please tell of this SCAM to our Congressional Senates. Let us not be willingly put out by Cisco and its pigs, but fight them hard. They need every bit of tax we give them. No kidding!

+2 # Activista 2011-08-05 11:54

Politicians of BOTH parties are trying to PLEASE (PAY-OFF) corps to STEAL as MUCH MONEY for their RE-ELECTION as possible.
And then we have this sick Budget Limit agreement - there will be NO revenue for Social Security etc.
USA evolved into the sickest political and economical system in history.

+4 # Kayjay 2011-08-05 16:30

It looks like Koch and his Tea Party goons are definitely staying "busy" these days. The idea of greedy corporations lightening their meager tax obligations is beyond disgusting. The key seems to be the intense corporate lobbying force slithering about the hill. We the people clearly need to get in the game, form a citizens lobby of equal force and kick out those corrupt Dems and GOP rats. Voting every four years isn't enough anymore.

+2 # DesignCreature 2011-08-06 08:57

Watch it get passed and hailed as another accomplishment for the people. Or it will be traded away for something even more sinister. For the people, of course. If all of these things ares so great for us, how come everything that passes makes it worse. I wish they wouldn't do so much for me.

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