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Stimulus package = Corporate tax cuts

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lame54 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 03:02 PM
Original message
Stimulus package = Corporate tax cuts
http://www.crooksandliars.com/2008/01/17/michelle-bachman-is-proud-people-have-to-work-two-jobs/
Today, Rep. Eric Cantor (VA), the chief deputy Republican whip in the House, unveiled his proposal to stimulate the economy. His legislation - the so-called Middle Class Job Protection Act - does nothing for the middle class. Instead, it reduces the corporate tax rate by 25 percent.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aVyNVY5Cp4u0&refer=home

At a press conference today unveiling the stimulus proposal, Rep. Michele Bachmann (R-MN) justified the conservative plan to give tax breaks to corporations - instead of working Americans - by arguing that people actually like working long hours:

"I am so proud to be from the state of Minnesota. We’re the workingest state in the country, and the reason why we are, we have more people that are working longer hours, we have people that are working two jobs."

Bachmann’s version of the American Dream is apparently working two full-time jobs and struggling to get by
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TwilightZone Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 03:16 PM
Response to Original message
1. You gotta hand it to the Republicans. They are masters at coming up with cutesy names for bills.
Names, I might add, that are completely misrepresentative of their nature.

No Child Left Behind, for example.

The Clear Skies Initiative, for another.

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Kucinich4America Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 03:20 PM
Response to Reply #1
2. And another one the repukes came up with
"Democratic Leadership Council".
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sabbat hunter Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 03:24 PM
Response to Original message
3. what I find amazing
is that the US has a very high (compared to other countries) corporate tax rate, yet corporations continually aren't paying their fair share in taxes.

Sure they can cut the corporate taxes 25% if they want, but only if they correspond that tax cut with a closing of loopholes to corporations and ending of corporate welfare.
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