Bush Administration Proposes Cutting U.S. Manufacturers' Taxes

[rodbarnett]

Jan. 16 (Bloomberg) -- The Bush administration will propose today cutting taxes and regulations for manufacturers, who have shed 2.6 million jobs since President George W. Bush took office, according to a summary of the proposals.

<snip>

``The most recent recession hit U.S. manufacturers and their workers hardest,'' the report summary said. ``Today, as the overall U.S. economy expands strongly, much of the manufacturing sector continues to operate well below its previous peak.''


<snip>

``This is the first time in modern history that an administration has made manufacturing in America a top national priority,'' Jerry Jasinowski, president of the group, said in a statement. Manufacturers' top impediments are ``regulations, excessive litigation, taxes, health care, and rising energy costs.''

http://quote.bloomberg.com/apps/news?pid=10000103&sid=amRf5xoNzO0o&refer=us

comment: MORE TAX CUTS???????

[cthrumatrix]

1. what for ...they are leaving this country in droves --- drop health costs

and a few might stick around -- and seniors might be happy.

[arcane1]

2. hey, they aren't JUST cutting taxes

they're cutting "health care" too!

Whee! More money for CEO's!!! Yay Bush! :bounce:


now pardon me while I :puke::puke::puke::puke::puke::puke:

[Sandpiper]

3. So we're going to reward them

For 41 consecutive months of cut backs, layoffs, and outsourcing?

[aquart]

4. Goody. A bonus for moving jobs overseas.

In its own way, BushCo is awesome.

[leesa]

5. They don't pay any taxes anymore, do they?

[bushisanidiot]

6. Why Doesn't AWOL Just Stop Beating Around The Bush And Declare Rich People

exempt from taxes? that's what he's going for ultimately, so why dick around?


What a WEAK "president".

[MidwestTransplant]

7. Cutting taxes for manufacturing CEOs?

[Don_G]

8. Ingersoll-Rand Pays 26K For A PO Box In The Bahamas

And avoids paying 40 Million a year in taxable income in the US while maintaining their corporate offices here.

How much more can the US bleed jobs and revenue to fuel the GOP and survive as a nation?

[54anickel]

9. More outta your a$$ politics - A bone tossed out to fuel the argument

against the democratic nominee

[hatrack]

10. (Grunting sound while following through on 4th tee)

B.J.: "Say, J.B., what do you think we should do with our new tax cut? Are you thinking about reinvestment?

(Pregnant pause while addressing the ball)

J.B.: "Naw, I figure, $55 million's a lot of money. Let's kick some to the shareholders and vote ourselves a big, fat fucking raise. No reason to slow down the China move."

("Thock!" sound of club hitting ball)

B.J.: "Yeah, you're probably right. Let's take it to the finance committee tomorrow morning. Say, nice drive!"

(Clatter of ice cubes in to-go cup)

J.B.: "Sounds good to me! Remember, you lose this round, you're buying the drinks!"

B.J.: "Sure, J.B. Let's roll!"

(Whir of golf cart recedes into distance)

[mbperrin]

11. Let's just give them big sacks and a key

to the Treasury vaults and save time!