my 122nd ltte re:the economy...vote it up at the link,please :)

[w8liftinglady]

http://www.thedailylight.com/articles/2008/01/24/opinion/doc47980b347f261268208911.txt
To the Editor,

Recently, the president became aware of the economic crisis in the United States. His solution ... an extension of tax cuts to major corporations, which had been initiated in 2001 and 2003.

Here is what these corporations have done with their tax cuts:

• Since 2001, an estimated 830,000 white collar and 2.8 million manufacturing jobs have been sent overseas

• While corporate profits increased since 2001, that profit was not seen by the workers. The average CEO of a Fortune 500 company made $15 million, and robbed the company treasury with stock options and “Golden Parachutes.”

• Current laws allow companies to indefinitely defer paying taxes on overseas income, while deducting much of their moving expenses when they send jobs overseas.

• Many companies that send jobs overseas get tax breaks. If the United States taxed these companies, we’d generate an additional $7 billion to $12 billion in taxes. Lawmakers could give tax breaks to companies that keep jobs here in the United States.

• The salaries of the middle-class workers of these companies have not risen proportionately, and have indeed decreased, along with benefits and healthcare coverage.

Do most logical adults think a one-time $800 check will solve the national budget crisis? Many Americans are now working two and three jobs to keep up with the escalating price of food, energy and healthcare. Our Federal Reserve has pumped hundreds of billions of dollars into the finacial system, and the prime rate can only go so low. Six years of tax cuts have left us with a huge budget deficit and a crumpling infrastructure thanks to disappearing programs. Choose your candidates carefully in March.