OBAMA GOING AFTER CORPORATE TAX DODGERS

"The steps I am announcing today will help us deal with some of the more egregious examples of what is wrong with our tax code" -Barack Obama, May 4, 2009


Watched a news conference today, Obama was outlining a plan that will close loopholes and force American Corporation that set up "shell companies" overseas or "offshore" such as the legendary Cayman Islands to pay the taxes that they are legally obligated to pay...check out excerpts from the L.A. Times:

President Obama said this morning that he plans to crack down on American companies that legally avoid U.S. tax obligations by investing money in countries with lower tax rates.

He also plans to eliminate tax deductions for companies that achieve similar breaks by sending jobs overseas, while extending the deduction for those who create domestic jobs.

The practice of "offshoring" cheats other taxpayers, the president said, and those who circumvent the system are "aided and abetted by a broken tax system" that he pledged to fix.

The practice of "offshoring" doesn't cheat others just because the President says so, it cheats others because it cheats others, period.

I feel it is imperative that we work to end the reign of the multi-national wholesale robbery of the American People, as well as the robbery of whole nations and peoples across the planet.

Remember, Americans, even though we like to think we're the only country on the planet, we are not alone, and the actions of this nation reverberate throughout the world like no other nation in the history of the world. The article continues:

Speaking to reporters in the Grand Foyer of the White House, Obama said he doesn't think companies should be rewarded more for creating a job in Bangalore, India, than for creating one in Buffalo, N.Y.

"I want to see our companies remain the most competitive," the president said, while not rewarding them for moving jobs overseas.

The president's plans could yield an additional $210 billion in tax revenue over the next decade, according to the administration.

Obama's plan would:

* Eliminate some tax deductions for companies that earn profits in countries with low tax rates.

* Make permanent a research and experimentation tax credit, which is offered for creating domestic jobs.

* End a loophole that allows corporations to avoid taxes by reporting to the U.S. government that they're paying taxes in foreign countries and then telling the foreign countries that they're paying here.

This is important. It is time the corporations in this country that have dodged the IRS (while most of us sweat dealing with them at all,) to start paying and contributing to this country on a very visceral level. I want these motherfuckers give till it hurts.

Obama did bring this up more than once during the campaign , and after eight years of Bush, we handily voted Obama in over the Republicans and their policies, policies that have lead to the destruction of the middle, working class, and created more hardship for the poorest in the US, as well as around the world.

The Republican response? Senator Mitch McConnell, Republican from Kentucky:

"a significant tax increase on companies" Ever the defender of the corporation, never a defender of his or any constituents that don't earn 6 or more figures a year...

As soon as Rachel Maddow's clip from this evenings' newscast on MSNBC, I wil post it. As always Rachel breaks it down. Suffice it to say, the Republicans have virtually no ideas that will benefit anyone other than their cronies that line their pockets.

TRICKLE DOWN ECONOMICS DOES NOT WORK. The Republicans ideas are old and they have failed. (Thanks Mr. Prezz)

So, here is a link to tired ass McConnell senate website, here is his number:
202.224.2541

and a link for all 50 states

I will contact Blanche Lincoln of Arkansas as well as Mark Pryor, along with the Ladies of Washington State. I'll let you know what they said tomorrow, and I'll get that video from Maddow's posted along with it...peace Searchers, we are in a fight for our country, and it aint against Obama.


BTW, the Republicans are already screaming about Obama's Supreme pick, and the pick doesn't even exist, yet.

Rachel Maddow is currently reporting on Jefferson Sessions, Republican senator from Alabama, evidently a racist s.o.b., I will research him more, and track down the quotes Maddow threw up onscreen. He is a member of the Judiciary Committee that will handle the nomination of Obama's Supreme pick. I have contacted Session's office in the past regarding some ridiculous comments he made, so I will be watching Senator Session's behavior very closely during the nomination process. Peace-

NEWSFLASH REAGEANITES! "TRICKLEDOWN" ECONOMICS DOESN'T WORK!!

Wow. What a week. This is an identity crisis, an ideological abortion if you will, for the free market Capitalists.

Ya know, I was raised by staunch Republicans. I remember my mother getting pissed as hell when I brought up a commercial during the campaign season of 1979/80 that suggested Ronald Reagan did nothing for California. I was just a kid then, so I didn't thoroughly comprehend the enormity of the situation.

Reagan ushered in a new era of deregulation and free market free for all that could afford it, with the backing and advice of the Nobel winner Milton Freidman.

What a nightmare. The United States is facing a socioeconomic crisis akin to what other nations have faced in the past, largely with the pressure from the US, the World Bank, and the WTO. It is time to wake up, fellow citizens of the United States-the greed and disdain for your fellow American comes with a price.

I compared the current situation on Wall Street to a Heroin addict needing another shot.

One could arguably apply the analogy of the Alcoholic and hangovers to the current situation. This free market unfettered Capitalism has resulted in a drunken free for all by the right wing, the Christian right, and big business. And now the headache and shakes are kicking in.

Let's throw out the principles of the past 30 years.

Yes I know it's gonna hurt, and your chest is going to feel like it's being ripped open, but that's what happens when your ideology is proven to be a joke. Kinda like the way reality came crashing down to me when I realized right wing Christianity was actually completely antithetical to Jesus actual teaching.

I cannot purport to be an expert in Jesus' thought, but just by skimming over the New Testament one can discern that Jesus was not a Capitalist. In fact, he advocated social justice and welfare, something that is denied by the Right wing Christians. He even advocated paying taxes. You see, he's a lot smarter than the dumbass rednecks that have hijacked the Republican party and injected their Klan-like (yes I said Klan, AGAIN) Christianity in the public discourse.

(Sidebar-I voted Republican/Right wing Christian for the past 21 years, but I am going to rectify this and do my penance for the rest of my life. I apologize.)

The only good thing that has come out of the past 30 year nightmare that we've been dealing with is the realization that Ronald Reagan's policies and that of the Right have utterly failed. And I mean failed. Hello? Are you listening? UTTERLY FUCKING FAILED.

I'm not necessarily happy about the situation, but you have to admit with the nationalization of AIG and Freddy and Fannie, there is a sort of poetic justice...

We need a systemic change in the United States, as well as an impeachment trial for that piece of shit Cheney and George Bush. Let's put them in prison. I know I'm going to get flack for this, but Saddam Hussein was a bigger man than George Bush or Dick Cheney, Rumsfeld, Ashcroft,(fucking Ashcroft what a dink), Gonzales, etc. Can you imagine GWB going to the gallows? He'd have a heart attack before the rope could be put around his neck, and his utter disbelief at the situation would put him down before the executioner could do his job. (I remember his daddy, GHW Bush-"I'm the president of the United States! I'm not going to eat any goddamn broccoli!") What a joke. Let's wake up, A-merry-ca, and lets throw out these right wing pieces of crap with their disdain for their fellow countrymen and women and make sure they cannot harm the country any longer, and make sure they have no pension, health insurance, or life insurance, or any of the socialistic perks they have enjoyed while they vote against the same for me, my family, and yours.

Peace and love, Searchers, we are standing on the cusp of history, let's not fuck it up.

IT IS TIME FOR THE CHURCH IN THE UNITED STATES TO PAY TAXES

The church has always been a political organ. Tomorrow, pastors across the country will be involved in civil disobedience.

They will break the law and direct their congregations who to vote for in the Prez election.

If the church wants to get in the fray, they need to pay their fucking taxes.

This coming from someone who, in the past, was vehemently against such a thing. Times have changed, however, and we need to stamp out Christian Fascism NOW.

I have plenty more to say on this subject, so stay tuned! :)