$128 Billion Corporate Tax Cut?

[salin]

$128 Billion Corporate Tax Cut?
WASHINGTON, Oct. 28, 2003

(AP) A proposed $128 billion corporate tax cut is exposing deep disagreements among lawmakers over how to help U.S. manufacturers compete in a global economy.

Congress finds itself forced into a debate over corporate tax laws after the World Trade Organization declared that a $5 billion annual tax break for U.S. exporters amounts to an illegal subsidy. The United States faces $4 billion in sanctions if the tax break is not repealed.

House Ways and Means Committee Chairman Bill Thomas, R-Calif., offered a $200 billion corporate tax cut this past summer to replace the old tax system. He was forced back to the drafting table when GOP lawmakers pressed hard for more direct aid to U.S. manufacturers.

more: http://www.cbsnews.com/stories/2003/10/28/politics/main580352.shtml

[ameriphile]

1. Wow!

Just think how many jobs that'll create!

[tom_paine]

2. Yeah, an extra butler, maid and shoeshine boy

for every Bushevik Capo, Button, and Soldier.

[WildClarySage]

3. yep

approximately 2.

[fob]

4. And the 2 openings will be for

Prez and VP!

[denverbill]

5. Thousands and thousands, in India and China.

[dusty64]

6. This is unbelievable, yet

these days I would believe anything. No insane action is beneath them and I guess they can get away with it when they own the media and our Country is in the grips of a fascist one party state.

[Flying_Pig]

7. The sad part is, Dem. Barbara Boxer is pushing for these to help

out Silicone Valley companies.