In response to the continuing inability of conservatives in Congress to effectively address the income disparity caused by a tax system designed to protect only the interests of the wealthiest Americans and the largest corporations, small business owners have organized to lobby the ‘Super Congress’ to act in their interests as well.
Recent reports showing the number of America’s largest corporations paying NO corporate taxes has doubled in the past three years and some like Wells Fargo and Verizon have even collected $681 and $951 million respectively, in direct subsidies even after posting multi-billion dollar profits?
Jody Gorran, owner of Aquatherm Industries Inc., which employs 45 people in Lakewood, N.J. calls this “unconscionable” because it seems as though small businesses, who can not afford to hire dozens of tax accountants and lawyers to work to reduce or eliminate their tax liabilities, are “bearing the brunt of the tax burden.”
Three small business groups; Business for Shared Prosperity, the Main Street Alliance and the American Sustainable Business Council, sent a letter this week to super committee members requesting they work on “making the corporate income tax more equitable.”
Another report shows that the financial industry, whose inept and immoral ‘risk taking’ led America and the world into this current recession, have directly benefitted from $37.45 billion in tax subsidies from 2008 to 2010. All the while continuing to pay exorbitant salaries and bonuses to the same top executives who created this mess and who continue to move jobs and hide profits overseas. Wake Up America!
Rod Livdahl
Mesa
Leon Ceniceros posted at 10:25 am on Thu, Nov 10, 2011.
Let's see ...we have the ASU-Morrison Institute for Public Policy telling us that 78% of Arizonians want Illegal Aliens from Mexico to be given Amnesty.
Let's see ...we have the Recall Senator Russell Pearce People telling us that the Mormon leaders had nothing to do with a Mormon Bishop being chosen to run against the "Father" of SB 1070.
Let's see ...we now have the "conservatives" in the Halls of Congress and the Senate to blame for "free ride" that Corporate America has at the IRS.
Excuse Me....but didn't Democrat Barack Hussein Obama and Democrat Speaker of the House Nancy Pelosi and Democrat President of the Senate, Harry Reid have ........COMPLETE CONTROL...of all of America's Laws for a year or more...and now the Democrats are blaming...the Conservatives = Give Me A Break.
Rich posted at 2:14 pm on Thu, Nov 10, 2011.
What strikes me is that it's all too clear to any student of history. A progressive government fails but needs to retain power, so blame the rich folk. Worked real well in 1936. Of course it rather insured that nothing got better and it took a world war to pull us out of a hole, but blaming the rich folk did win an election for a large group of major incompetents. So what strikes me here is we have a failed group of Progressives, who seem to get worse daily, and suddenly every newspaper, T.V. broadcaster, daily has someone like Rod here, blaming the rich folk. In 1936 it was a strategy, set up and carried out. Is it again? A few bucks to the editor, the producer? A little censorship of history, or common sense? As to blaming the rich folk, didn't work out then for the average guy or the middle class, won't now. Without a major change in direction, about our only hope is WW III
Dale Whiting posted at 6:48 pm on Thu, Nov 10, 2011.
Leon, Rich, TeaPartyPat, someone out there, pleast won't you explain this to me!
We are told taxes on job creators much be lowered so that jobs will be created. Just who are these job creators? Are they the corporations who pay little if any income taxes and ship jobs over seas? Or are they the small businessmen who make maybe $250,000?
Is it Grover Norquist who prevents us from lowering taxes on those who make less than $250,000 and prevents us from axing those tax breaks on the larger corporations who pay little if any taxes?
I'm lost!
Rich posted at 7:17 pm on Thu, Nov 10, 2011.
Dale,
It's really easy. I can't experiment with solar boxes on my roof. They are apparently afraid I'll fall off and break an arm. I can't refit my car and drive without a seatbelt to find a better way to safety. It's the creative individual they stifle. Steve Jobs wouldn't have a prayer today, the government is too restrictive. The corps kill the mastodon, feed me. Bless them and give them them the ribs, in a dry Memphis rub with the sauce they prefer. Just leave the rest of us alone, on our roof, on our lawn, in our car. A few of us will give you the next Apple, but the government has to stop PROTECTING us, has to stop, well, stopping us. The corps, don't pay? Oh yes they do, but you have to realize they kill the mastodon, and we all eat, but they really can't build a better safer more efficient car, and when you tax them, you really end up taxing the guy who can, because he can't afford lawyers or elected officials, and they can. Good Lord, you can't even have legal cigarette and a beer in a public place, and corporations are your problem? Oh no, my friend, your problem is a severe lack of freedom. That explain it?
Rational Human posted at 7:49 pm on Thu, Nov 10, 2011.
Yes Dale, you are lost and confused. Sorry I can't help you. You are really so far out in lefty field we can't even see you anymore.
Well stated Rich. It really is that simple. Dale isn't even bright enough to understand that simple of an explanation. Corps go overseas to build manufacturing plants because the progressive socialists want to regulate and tax them to death, and then they complain that the jobs are all gone. Ya, lets raise corporate taxes. That's a great idea. That way they can pass the tax on to the consumer and then the government can pass the money back to the poor people that paid higher prices for goods that the corporations make cause the government raised corporate taxes. Isn't that a textbook definition of insanity? Corporate taxes should be eliminated entirely and the regulations and unions should go with them. Maybe then manufacturers wouldn't feel the need to move everything to China.
Dale Whiting posted at 1:04 am on Fri, Nov 11, 2011.
Corporations go over seas because labor there is a tiny fraction of what it is here! As a direct result of our having won the cold war, the threat to nationalize over seas investments in plant and equipment vanishes and cheap labor wins out. Used to be you could buy a Schwinn bike made in the good ole USA at Walmart. But then Sam Walton told Schwinn that unless they dropped their prices, he'd go elsewhere to find a manufacturer who would use cheap labor.
Federal Regulations have next to nothing to do with going over seas. And where state side taxes are higher, dropping them will not change the cost of labor.
No, guys, think again.
Now go back and re-read my question! You both miss the points![wink]
Rational Human posted at 4:49 am on Fri, Nov 11, 2011.
Ya that's what I said, the unions are pricing themselves out of jobs. Used to be you could buy a Schwinn bike made in the good ole USA at Wal-mart. But then Sam Walton told Schwinn that unless they dropped their prices, he'd go elsewhere to find a manufacturer who would use cheap labor. Schwinn went to their union leaders and said we need to lower wages so we can compete with overseas labor markets and the unions answered by going out on strike thereby closing the shop and driving the business overseas. Federal regulations stifle business growth here. Ask any REAL business man and he'll set you straight Dumb Dale.
Rich posted at 9:01 am on Fri, Nov 11, 2011.
Dale,
At the Trib, you can't get an answer because they censor it. Remember, to have freedom of the Press, you have to own a Press.