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POPS Taxation With Representation
a windfall profits tax on health insurance companies, a value-added tax (VAT), and an increase in the Medicare portion of the payroll tax, among others. The Heritage analysis further notes, “The full list of taxes proposed to pay for health care reform is provided because taxes currently left out of the Senate or House bills could reappear at any point. For instance, the tax on cosmetic surgery listed above (sometimes called the “Botox tax”) was written off long ago as a laughable way to pay for health care reform. Nevertheless, it somehow found its way into the current version of the Senate bill…As the legislative process continues and Congress’s desperation to pass a bill increases, it could propose even more tax hikes to pay for its massive expansion of government size and power…” This appalling example of the excess of legislative zeal to impose taxes further illustrates that the reason our taxes have been increasing exponentially over the years is because the .....
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POPSThe Disease Mongering Machine # Bribe doctors with vacations, extravagant meals and "consulting fees" in order to get them to prescribe your drug to as many patients as possible. # Buy off politicians and legislators to block alternative medicine and enforce a pharmaceutical monopoly. # Sit back and rake in the dough** while Americans go broke buying your drug to treat IAPSWD! # When the lawsuits roll in from the families of dead patients, simply use a small portion of your windfall profits to settle out of court, admitting no guilt. Get rich quick! Just click the "Re-Generate" button and create your own disease! :D
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POPSEPA Admits Cap and Trade Won't Work Sen. Inhofe said. “With China and India recently issuing statements of defiant opposition to mandatory emissions controls, acting alone through the job-killing Waxman-Markey bill would impose severe economic burdens on American consumers, businesses, and families, all without any impact on climate.” Getting China and India on board with a carbon reduction plan is highly unlikely. Even then, a multilateral approach does not guarantee a successful system or the ultimate goal of global temperature reduction. Take a look at Europe: The experience of the European Union is Exhibit A. Emissions targets were set too high. Too many pollution allowances were given away to industry. The value of a carbon credit plummeted. Companies made windfall profits by charging customers more for energy while selling allowances they didn’t need. And the Europeans have not had much success reducing greenhouse gas emissions.
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POPSWhy not a 100% tax on Politicians Book Royalties? Congress has no qualms about attacking portions of the private sector when it believes that it can turn such populism into votes at the ballot box. Likewise, We The People ought to be afforded a similar opportunity to hold our elected officials accountable. And since threats of confiscatory government taxes on "unmerited" or "windfall" income seem to be all the rage these days, I am simply proposing that all elected government officials who write books should be taxed at 100% on any royalty advances that they receive while in office -- while they are employed by us as our public servants. That's only "fair" ... isn't it?
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POPStax break may have helped cause housing bubble when billions of dollars were invested in purchasing homes only to resell and reap windfall profits without paying taxes the rich just got a whole lot richer. But Middle income homeowners soon realized that the profit they made from the sale of their houses was taken away because they needed housing and when they went to buy again they found prices had risen, so profit for most middle class home sellers was negligible. But those rich enough to buy a few houses and didn't need to worry about finding another place to live in made a killing.
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POPSTreasury Changes Tax Code - Banks get Windfall More: "Section 382 of the tax code was created by Congress in 1986 to end what it considered an abuse of the tax system: companies sheltering their profits from taxation by acquiring shell companies whose only real value was the losses on their books. The firms would then use the acquired company's losses to offset their gains and avoid paying taxes. Lawmakers decried the tax shelters as a scam and created a formula to strictly limit the use of those purchased losses for tax purposes. But from the beginning, some conservative economists and Republican administration officials criticized the new law as unwieldy and unnecessary meddling by the government in the business world."
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POPSYet More Glad Tidings From The President-Select * Provide $50 billion to Jumpstart the Economy and Prevent 1 Million Americans from Losing Their Jobs: This relief would include a $25 billion State Growth Fund to prevent state and local cuts in health, education, housing, and heating assistance or counterproductive increases in property taxes, tolls or fees. The Obama-Biden relief plan will also include $25 billion in a Jobs and Growth Fund to prevent cutbacks in road and bridge maintenance and fund school repair - all to save more than 1 million jobs in danger of being cut. Provide Middle Class Americans Tax Relief Obama and Biden will cut income taxes by $1,000 for working families to offset the payroll tax they pay. * Provide a Tax Cut for Working Families: Obama and Biden will restore fairness to the tax code and provide 150 million workers the tax relief they need. This is “spreading the wealth around” — big time.
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POPSAnd Now We Begin This = Early this year, investors had begun privately demanding that AIG pay off its billion-dollar guarantees. But in mid-September, when the demands for cash reached a public crescendo, AIG had to admit that it didn't have enough cash on hand to meet the obligations. In the first weeks of its federal rescue, AIG has used the loan money to post collateral demanded by these firms, sources close to those deals say. "No one else benefits," former AIG chief executive and major shareholder Maurice R. "Hank" Greenberg wrote to AIG's current chief executive on Thursday. "Unless there is immediate change to the structure of the Federal loan, the American taxpayer will likely suffer a significant financial loss." Yeah - and the new Obamunist Treasury Secretary will magically make things better?
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POPS Cataloguing Biden's Whoppers ..... president, Mahmoud Ahmadinejad; he falsely claimed Gov. Sarah Palin supported a windfall profits tax on oil companies; he said he's always been for clean coal in spite of his record of voting against it in the Senate. Biden said we have to drill for more of our own oil, easily leading viewers to conclude he and Obama are in favor of more domestic drilling, but as the American Thinker blog's Rick Moran noted in a list of "Biden's Big Lies," "Biden has opposed offshore drilling and even compared offshore drilling to 'raping' the Outer Continental Shelf." Gov. Palin called Biden on his claim that Gen. David McKiernan in Afghanistan said that the surge could not be applied in Afghanistan; in fact, McKiernan has said that some aspects of Gen. David Petraeus' Iraq strategy could be part of our war efforts in Afghanistan.
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POPSPalin to play ball with Big Oil Exactly! She may be able to do it in Alaska, but McCain will not let her give big oil any trouble in the white house. Big Oil needs to go and so do all the tax breaks these companies get. McCain won't go after them and tax them --- Obama will!
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POPSEvery Alaskan gets $3200 from oil money - for nothing! $22,400 for a family of 7, like Palin's. When oil companies pay taxes to Alaska, they deduct it from their federal taxes, and we of the other 49 make up the difference. 85% of budget from oil companies; residents pay no income or sales taxes, and state is rolling in dough, while most states are laying off teachers. How ironic, when an Alaska Republican opposes a windfall profits tax, and favor reduced government services - when they live, in part, off of government handouts from revenue the oil industry pays them to get oil to us!
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POPSOnly Rhetorical Extravagance by George Will Obama thinks government is not getting a "reasonable share" of oil companies' profits, which in 2007 were, as a percentage of revenues (8.3 percent), below those of U.S. manufacturing generally (8.9 percent). Exxon Mobil pays almost as much in corporate taxes to various governments as the bottom 50 percent of American earners pay in income taxes. Exxon Mobil does make $1,400 a second in profits -- hear the sharp intakes of breath from liberals with pursed lips -- but pays $4,000 a second in taxes and $15,000 a second in operating costs. Obama's rhetorical extravagances are inversely proportional to his details, as when he promises "nothing less than a complete transformation of our economy" in order to "end the age of oil." The diminished enthusiasm of some voters hitherto receptive to his appeals might have something to do with the seepage of reality from his rhetoric.
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POPSBlue to Gray Flames "Businessmen are taking advantage of the national emergency in order to make money. They break the regulations which protect the common welfare of all—for the sake of their own personal gain. They're profiteers of the black market who grow rich by defrauding the poor of their rightful share, at a time of desperate shortage. They pursue a ruthless, grasping, grabbing, antisocial policy, based on nothing but plain, selfish greed." Rearden sat looking at him, as if studying an object seen for the first time. Somewhere deep in Rearden's mind, as a steady, gentle, inexorable beat, was a man's voice, saying:
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POPSObama's Depressing Tax Plan He has opposed the Columbian Free Trade Agreement, even though it primarily removes tariffs on American exports to that country, with barriers to Columbian exports to America already almost all removed under the Andean Trade Preferences Act. In sharp contrast, McCain has promised tax cuts to promote economic growth and strengthen the U.S. dollar. The federal corporate tax rate today is 35 percent, and McCain suggests cutting it to 25 percent. This would mirror rates elsewhere: The average corporate tax rate in the European Union was slashed from 38 percent in 1996 to 24 percent by 2007. The rates in India and China are lower as well. American companies are not going to produce more jobs and higher wages with this crippling competitive disadvantage.
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POPSObama's Fair Tax Mr. Warren, a man of the cloth, has done us a great service by asking the candidates to answer a pretty secular question: What kind of income makes an American "rich"? Maybe in the more secular setting of an upcoming debate, one of our nonpastor moderators could ask the candidates the moral question: What specific rate of individual taxation would it take for the rich to be paying their fair share?
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POPSthe right path to solar yes yes yes! this is a great step in the right direction. we need more money to offer greater incentives to increase solar installation, and that money should definitely be coming out of the windfall oil profits.
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POPSChart o' the Day: Windfall Profits Gone Wild! Do you think our beloved mainstream media will report this news? Carpe Diem http://mjperry.blogspot.com/2008/08/putting-exxons-income-taxes-in.html Exxon Mobil Corporation Announces Estimated Second Quarter 2008 Results http://www.businesswire.com/portal/site/exxonmobil/index.jsp?ndmViewId=news_view&ndmConfigId=1001106&newsId=20080731005690&newsLang=en
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