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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: bentway who wrote (607262)4/9/2011 5:20:45 PM
From: longnshort  Respond to of 1580448
 
"Corporate Tax Loopholes"

there goes the jobs, that should help the state. Smart move libs



To: bentway who wrote (607262)4/10/2011 2:51:22 AM
From: koan  Read Replies (1) | Respond to of 1580448
 
I saw the same thing, but I always thought David Gergen was a whore.

April 9, 2011, 6:09 am “Serious”

I’m in an airport lounge, for my sins, and there’s no avoiding the TV running CNN. And there’s David Gergen, telling me that the Ryan plan, whatever its flaws, is “serious”. So I guess that’s the Very Serious People line.

James Fallows has a very good take on this; my version would be this: I don’t think a budget plan is “serious” unless it has numbers that remotely add up, says something specific about how it will cut spending and/or raise revenue, and puts forward proposals that have at least some chance of actually going into effect.

So, we have a plan that proposes to cut spending to Calving Coolidge levels, without explaining how it will do that; that includes $2.9 trillion in tax cuts, but asserts that it will make that up by broadening the base — yet says literally nothing about what that means; and has as its centerpiece a Medicare plan that will collapse as soon as seniors start getting their grossly inadequate vouchers.

Oh, and it directs us to a totally ludicrous Heritage Foundation analysis for support.

There’s nothing serious about this plan. And the way our pundit class swooned over this fantasy document suggests that all those people lecturing the American people about our unwillingness to face up to reality and make hard choices should spend some time looking in the mirror.

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To: bentway who wrote (607262)4/10/2011 8:26:50 PM
From: tejek  Read Replies (1) | Respond to of 1580448
 
Every single proposal that has come out of the legislature has made cuts on the back of the working people, the poor people, the immigrants, the students," said Kathy Cummings, communications director for the Washington State Labor Council. "Not one single tax exemption for corporations has been touched. We had something like $6.5 billion in business tax loopholes just last year. It's getting way out of hand. The only way we can get their attention is by banging on their doors, sleeping in the Capitol, having rally after rally."

We need to see these kind of uprisings in winger states. If WA state closes its corporate loopholes, wingers state simply will come up with new ones so they can poach our industry more easily.