Archive for the ‘Tax Breaks’ Category

>A look at the future

December 10, 2010

>It is almost 4:00 in the afternoon on Friday, December 10, 2010 and as I type this Senator Bernie Sanders is carrying out his promise to filibuster the tax cuts to the wealthy bill that the obstructionists are using to hold the country hostage.

A little while ago, I heard him listing some CEO’s that will benefit, and the only one I remember was the CEO of Wells Fargo. I remember them because I am having a huge issue with their bank, since their takeover of Wachovia here in Bessemer.

Anyway, let’s say a CEO gets a tax break of $900,000, which is rounded from a figure that Sanders mentioned. We already know that it won’t help the economy, based on the economy we have watched over the last 8 years while these same millionaires were getting this same tax break.

And we know that tax breaks that are not paid for contribute to the deficit.

Now, let’s put 2 and 2 together and see what we get.

An increase in the deficit, caused by the millionaires, that the millionaires will not be paying down, because they don’t pay the taxes, and that leaves us, the middle class, to pay what should be their deficit liability.

So this is what those Republicans that you Democrats who didn’t vote, or didn’t work to get Democrats in office, are doing for us.

And seniors! Remember that $250 check that you heard about. Blocked by those same Republicans that you helped put in office.

The Republican leadership has vowed that they will block all legislation until the tax breaks for their wealthy funders is passed.

They won’t give Grandma $250 unless and until they give the CEO’s $900,000.

Just get ready, America. You voted for this, and it’s only going to get worse in 2011, when the Senate and House are infiltrated by Tea Party folks.

Here are some predictions.

They rich will get their tax break, either in the lame duck or the Daffy Duck session that will follow.

Obama will be blamed for the resulting increase in the deficit.

Republicans will demand that Medicare and Social Security be slashed.

Social programs that we commonly refer to as the safety net will be slashed.

The poor will get poorer.

The rich will get richer.

The middle class will shrink.

When taxes finally do go up, and they will, it will be the middle class and the poor that is affected and not the upper class.

That will mean that of every dollar you earn, that you will have less of it in your pocket to spend.

And all of this is because we (Democrats) were disenchanted with what was going on in Washington and we stayed at home on election day; and we (gays) were disgruntled because of the President’s lack of leadership on our issues so we stayed at home on election day; and we (the rest of America) were fooled by the Tea Party into voting this change across our country, so they turned out on election day blindly voting against the fictional enemy, and elected an even greater enemy than they could have imagined.

That the American people could have been this, this, uh, stupid (it’s the only word I can think of to describe anyone who would vote for the Republican party as it presented itself before the last election) is almost unbelievable to me. I mean, these are the same people (Americans) that thought it was OK for people to own other people – that’s pretty stupid isn’t it? And the same people that thought it was OK to segregate people racially – that was pretty stupid, wasn’t it? So we are known for doing stupid things and having stupid beliefs.

Here’s a new single from Erasure, a remix of their old hit, A Little Respect. Proceeds from this tune go to the Hetrick-Martin Institute, the home of the Harvey Milk High School, in New York, and the True Colors Fund. Get it on iTunes. h/t to JoeMyGod.

Advertisements

>Business as usual

November 19, 2010

>Bessemer Opinions poll responders are pretty smart, it seems.

I asked what would happen in Congress over the next two years.

39% said it would be business as usual. Only 3% predicted the Republicans and Democrats would work together.

Of course, the new congress is not even seated yet, but the lame ducks certainly aren’t showing an indication of cooperation. Get the Tea Partiers in there and there won’t be a chance of cooperation.

Republicans are blocking an extension of unemployment benefits in the house. This is their way of saying “Merry Christmas,” to 2 million families that will have no assistance coming to them during the holidays.

I predict the more compassionate Democrats will still be able to get the benefits passed…probably a week after they expire at the end of this month.

Now let’s see if the Republicans are willing to compromise on the tax cuts. They can’t give a few billion to struggling families, but they are willing to give hundreds of billions to the nation’s wealthiest.

There are many studies that show unemployment benefits act as more of a stimulus to the economy than tax breaks because those receiving the benefits spend the money on goods and services thus creating a need for production, while tax breaks to the wealthy obviously don’t create jobs. I mean, look around you. Those tax breaks have been in place the entire time our economy was spiraling down, and while we have been in the slow recovery, and they aren’t creating jobs now, so why should we think they would if they are extended?

I shudder to think what America will look like after the new congress begins to dismantle the economy. Let’s enjoy ourselves while we can.

Adele

Twenty two year old Adele is set to release her second album, 21, in January 2011 (February in the U.S.).

This album has heavy influence from the American south and country music. She had never been exposed to country music until her group took a tour through the south.

She’s a Grammy winning songwriter and powerful singer whose video’s I’ve featured before.

Here’s a song from that album, performed November 16 on Later…with Jools Holland.