Democrats Who Give Cover To Corporate Scams

[marmar]

from the Working Life blog:




Democrats Who Give Cover To Corporate Scams

by Jonathan Tasini
Tuesday 06 of September, 2011


So, sometimes, you wade into a fight that just isn't fair. Here is one of those fights on economic policy--one that boils down to a massive scam on the part of Flagless Corporate-Land aimed at ripping off those of us who still pay taxes. And this is a scam that is being aided and abetted by a whole host of Democrats, including a think-tank that bills itself as "center-left".

The scam is something I've written about a number of times. It's called "repatriation" of profits. It goes something like this: "we (meaning, big corporations) made a whole bunch of money overseas and we've parked it over there because we didn't want to pay our fair share of taxes. But, out of the goodness of our hearts, if you give us a tax break, then, we will bring the money back to help all our poor citizens". Instead of paying the 35 percent corporate tax rate, these corporate evaders want to pay 5.25 percent--which is almost free money.

Such a deal. Since the corporate lobbyists need some "intellectual" argument to justify such a bald-faced scam masquerading as something "good for the economy" in an economic crisis, they turned to the New Democratic Network. NDN produced what can be charitably called a fig-leaf "study" for the robbery of the U.S. Treasury. ................(more)

The complete piece is at: http://www.workinglife.org/blogs/view_post.php?content_id=15286

[kentuck]

1. Mitt Romney supports "repatriation"..

He mentioned it in his speech yesterday. Terrible, terrible idea.

[disillusioned73]

2. Disgusting!!

And we wonder how we got here... corporatists should hang!!:dem:

[Tuesday Afternoon]

3. k&r

[MisterP]

4. conservadems have a multiple purpose: they not only promote and vote for corporate policies,

they can mobilize liberals' denial or support for those policies
and they won't get voted out by mobilized liberals or populists, because DO YOU WANT THE REPUBLICAN CANDIDATE TO WIN YOU'RE GOING TO DIE BOOLA BOOLA BOOLA

[blindpig]

5. It's a Capitalist party...

Whadda ya expect?

[Bake]

6. Cash? They're already sitting on big steaming piles of it.

"Job creation?" Please. We've heard that before.

Bake

[RedCloud]

7. should be horsewhipped.

[Scuba]

8. So they're sitting on a trillion, or more... Here's a link to fight back.. Please consider signing.

http://businessagainsttaxhavens.org/about/