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From Thom Hartmann's blog... 

By: oldCADuser in FFFT | Recommend this post (2)
Fri, 16 Sep 11 1:59 AM | 78 view(s)
Boardmark this board | Food For Further Thought 		Msg. 33613 of 65535
(This msg. is a reply to 33561 by oldCADuser)
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Corporate Freeloaders Act

by Thom Hartmann

September 15, 2011

Republicans in the House of Representatives introduced their own "American Jobs Act" - even though a more apt name for their bill would be the "Corporate Freeloaders Act." Congressman Louie Gohmert - famous for his fear mongering over "terror babies" and bestiality - introduced the Republican version of President Obama's jobs plan - and it includes only one provision. No infrastructure spending - no payroll tax cuts - no assistance to states to hire more teachers and police officers - nothing - except for...reducing the corporate tax rate down to zero.

That's right - the Republicans' idea for job creation is letting multi-billion dollar transnational corporations - many of which already pay no American taxes - off the hook from paying any American taxes. They use our roads, our bridges, our schools, our police forces, our courts - but Congressman Gohmert thinks they don't need to pay for any of that stuff - instead, he wants you and me to pay it all. Republicans think if these corporations just had a little more cash - then they'd turn into job creating fairies and save our economy.

But as we know - they're already sitting on $2 trillion worth of cash and not hiring anyone - at least not in America. This isn't a jobs bill - it's a classic Republican handout to Gohmert's top corporate donors.

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I'd love to see how the CBO scores this bill...
By: oldCADuser in FFFT
Thu, 15 Sep 11 3:09 AM 		Msg. 33561 of 65535

It's being reported that a Republican representative is claiming that there is NO need for Obama to submit his 'American Jobs Act' since he's already submitted a bill with that exact same name, only his is 2 pages long. He's simply asking for a ban on the taxing of any corporation for any reason whatsoever.

Exactly how he equates this with people getting hired was not clear since it's reported that there are no hiring incentives linked to an end of tax payments, just the hope that if corporations are given even MORE money, that perhaps they will somehow feel grateful enough to hire a few extra people, Actually I would expect the exact opposite would happen since this would prompt them to layoff much of their account staffs instead.

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