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But I Only Have $400,000 Per Year to Live On?

Who has two thumbs and is whining about only having $400,000 to spend for his very own? It’s Republican Tea Party (GOTP) Congressman John Fleming.

While appearing on MSNBC to try to explain why he opposes President Obama’s tax increase on those earning more than $1 million per year, Fleming became defensive to the point of stupidity when host Chris Jansing commented on the fact Fleming has an income of more than $6 million annually.

“The amount that I have to reinvest in my business and feed my family is more like $600,000 of that $6.3 million,” Fleming explained. “So by the time I feed my family I have, maybe, $400,000 left over to invest in new locations, upgrade my locations, buy more equipment.”

So, let me see if I understand this correctly congressman; you spend $200,000 per year feeding your family? How many kids do you have? Are you a polygamist? What the deuce are you feeding your family gold plated hot dogs?

According to the Wall Street Journal, Fleming owns a string of Subway sandwich shops and UPS store franchises through which he earned about $6.3 million last year.

Jansing tried to point out to the congressman that he was sounding more than a little petulant, “You do understand, congressman, that the average person out there who’s making maybe 40, 50, $60,000 out there, when they hear you only have $400,000 left over, it’s not exactly a sympathetic position,” she said. “You understand that?”

“Class warfare’s never created a job,” Fleming responded. “And that’s people that will not get jobs. This is all about creating jobs, Chris, this is not about attacking people who make certain incomes. You know in this country, most people feel that being successful in their business is a virtue, not a vice, and once we begin to identify it as a vice, this country is going down.”

Yes, of course congressman, it’s all class warfare – so, how is it class warfare when the President suggests the wealthy pay more taxes, but it’s not class warfare when you – clearly part of the wealthy class – want to slash programs that benefit the poorest among us, and when you want to allow tax cuts benefitting the middle class to expire?

Well let me point something out to you dip stick, we’ve had the Bush Tax cuts for more than a decade and we’ve seen almost zero job creation from all of you good old American “job creators”; you’re chance is up, you and your country club set of business owners now has to foot the bill for the Bush/Cheney ear of adventurism. If you approve/support two wars and you didn’t pay for them, well, the bill is now due; congratulations.

 
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Posted by on September 21, 2011 in Taxes

 

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Congressional Republican Tea Partistas want to raise taxes?

Republican Tea Partistas (GOTP) in the Congress – specifically the House – want to allow a tax break to end 1 January 2012, but it’s not the tax cuts enacted by George W. Bush which benefit the top 2% of wealthiest Americans, it’s the tax cut that applies to – and helps – the 46 percent of all Americans who owe no federal income taxes but who pay a “payroll tax” on practically every dime they earn.

The explanation from the GOTP House is an interesting one, GOTP House members say their proposal to allow the cuts to end is perfectly consistent with their goal of long-term tax policies that will spur employment and lend greater certainty to the economy. By spurring the economy they mean continuing tax cuts to the wealthy – the so-called “job creators” who haven’t created very many jobs in the past decade of benefitting from Bush tax cuts – while removing tax cuts for the lower 46% of the population ala Ebenezer Scrooge.

“It’s always a net positive to let taxpayers keep more of what they earn,” says GOTP Congressman Jeb Hensarling, “but not all tax relief is created equal for the purposes of helping to get the economy moving again.”

What the deuce does that mean? Not “all tax relief is created equal for the purpose of helping to get the economy moving again”? Removing tax cuts to the lower middle class and the poor, while keeping tax cuts in place for the rich is supposed to get the economy moving again? This is like a Monty Python sketch of 12th Century England with the nobles trying to work out how to tax the poor out of every dime by instituting a road tax, or a tree tax.

The crux of the issue is that workers – aka “those people” to the GOTP – normally pay 6.2 percent of their wages toward a tax designated for Social Security. Their employer pays an equal amount, for a total of 12.4 percent per worker. Well, last December – when Congress was still controlled by real people and not the prostitutes of the wealthy – Congress approved President Obama’s request to reduce the workers’ share to 4.2 percent for one year; employers’ rate did not change. The President would like to see Congress extend the reduction for an additional year. If the GOTP doesn’t extend the tax cut the rate will return to 6.2 percent on 1 Jan.

President Obama has asked the GOTP House to come up with measures to help the economy and create jobs. “There are things we can do right now that will mean more customers for businesses and more jobs across the country. We can cut payroll taxes again, so families have an extra $1,000 to spend,” he said.

Unfortunately, the GOTP House – which ran on the premise of creating jobs – has not submitted one bill designed to help the economy; but they have submitted more than 100 bills aimed at curtailing abortions in America.

According to the Associated Press (AP), Social Security payroll taxes apply only to the first $106,800 of a worker’s wages. Therefore, $2,136 is the biggest benefit anyone can gain from the one-year reduction. Of course the vast majority of Americans make less than $106,800 a year, and thus millions of workers pay more in payroll taxes than in federal income taxes. But we can’t have the vast majority of American workers benefiting – you can almost hear Eric Cantor whining, “Why do they need a tax break? They don’t create any jobs! We need to cut taxes further for the top 2%, the “job creators”, not the sniveling supporters of the Democratic Party.”

GOTP Congressman, like David Camp, chairman of the tax-writing Ways and Means Committee, and a member of the newly created House-Senate “uber-committee” tasked with finding new deficit cuts says that allowing the tax reductions to continue is troublesome, “no matter how well-intended,” will push the deficit higher.

So, allowing tax cuts to continue for the vast majority of wage earners in America will increase the deficit, but allowing the top 2% who control the vast majority of wealth – i.e., money – to keep their tax cuts won’t raise the deficit? Wow, talk about GOTP double speak.

Many GOTP members of Congress are adamant about not raising taxes but largely silent on what it would mean to let the payroll tax break expire, and they cite key differences between the two “temporary” taxes, starting with the fact that the Bush measure had a 10-year life from the start. To stimulate job growth, these lawmakers say, it’s better to reduce income tax rates for people and for companies than to extend the payroll tax break. Yes, because the uber-rich and their corporations – who we all know are people too – need to be able to have their caviar and eat it too.

Bottom line: the GOTP doesn’t give two cents for the people who work in this country; they’re only concern is to keep their Sugar Daddies (the top 2%) fat and happy so they’ll keep writing contribution checks. These “job creators” haven’t created any jobs here at home, but they’ve created thousands of new jobs overseas, benefiting from deregulation and tax cuts during the Bush/Cheney run. If you make less than $200,000 per year and you vote for the GOTP you’re slitting your own economic wrists. If this latest, and completely open move to shank you doesn’t convince you I don’t know what will.

 
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Posted by on August 22, 2011 in Taxes

 

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Brown says tax increase is off the table?

Republican Tea Party (GOTP) Senator Scott Brown has jumped into the ring regarding the fight over the federal budget.

During a stop in Springfield last week Brown reportedly said the President has proposed a debt reduction plan that includes $400 billion in tax increases, but as far as he was concerned tax hikes are off the table.

“There’s a whole host of things you can do before raising taxes. Why is it that the first thing people think about? We could repatriate our money, streamline, consolidate, we can. Payroll tax deduction for businesses to create jobs to stimulate the economy,” Brown said.

Yeah, we’ll just give more tax breaks to the wealthy, that’s worked so well during the past ten years, and we should just keep doing that. What? Were you seriously dropped out of the stupid tree and hit every branch on the way down? Why is the GOTP answer – every time – when talking about the debt to cut taxes for the rich and cut programs for the poor? So now Senator Brown has shown he’s just like every other conservative in the Congress, bought, paid for and elected by and for the wealthiest among us.

 
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Posted by on July 6, 2011 in Debt Ceiling

 

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72% support raising taxes on the rich?

So, the Republican Tea Party (GOTP) members of Congress keep preaching they must cut, slash, and cut spending deeper, or the country will find itself in dire straights, with dogs and cats living together … blah, blah, blah … problem is most Americans don’t see it that way …

The way they do see it – according to a Washington Post/ABC poll – is the way the President sees it, lowering the debt by first raising taxes on the rich.

Funniest thing about the poll was that the numbers of people surveyed who claimed to support cuts to Medicare and Medicaid — 21 percent and 30 percent, respectively — is close to the same percentage of people who regularly rot their brains on non-stop viewing of FOX PAC.

But, back to the intelligent people; seventy-eight percent of the A+ crowd opposed cuts to Medicare, while 69 percent opposed Medicaid cuts.

And which plan, between the President’s, and Paul – aka Eddie the Munster – Ryan’s was the most popular? Well, that would be the President’s, the plan where the government offsets the debt by raising taxes on Americans who make $250,000 or more annually; in fact, of those surveyed, 72 percent said they support tax increases on people with incomes of more than $250,000, including 54 percent who strongly support them. Twenty-seven percent are opposed, including 17 percent strongly, gee once again, that would be the ditto heads and FOX & Friend groupies.

Truth is Americans, all Americans, are going to have to suck it up and expect some cuts coupled with some tax increases; but increases need to start with those who can most afford it – that’s the top 2% – and cuts need to come from the one sector which can best absorb it – the sacred cow of defense spending. Another good way to help raise revenue would be to take away subsidies to corporate America – aka the oil companies – and change free trade agreements to fair trade agreements.

 
 

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Bachmann Compares the Holocaust to Tax Increases?

In a political speech to a group of Republican Tea Partiers GOTP, made in Manchester, N.H., Minnesota Representative Michele Bachmann told her audience

Bachmann said how she remembered – as a child – learning about the Holocaust and wondering if her mother had done anything to stop it. She said she was shocked to hear that many Americans weren’t aware that millions of Jews had died until after World War II ended, and then she actually had the gall to claim the GOTP’s boogey man of today’s so-called loss of “economic liberty” young Americans are supposedly facing is another “flash point of history” in which the younger generation may ask similar questions about what their elders did to prevent them from facing a huge tax burden.

“I tell you this story because I think in our day and time, there is no analogy to that horrific action,” she said, referring to the Holocaust. “But only to say, we are seeing eclipsed in front of our eyes a similar death and a similar taking away. It is this disenfranchisement that I think we have to answer to.”

So, wait a minute Congresswoman, you’re claiming you’re not making an analogy to that horrific action – the holocaust – but in the next breath you’re also claiming that we’re “seeing eclipsed in front of our eyes a similar death”? Which death are you referring to Congresswoman, when you say it’s “similar”?

You’re crazy and you’re a liar. You are talking to a group of far right-wing Tea Partiers and you’re making comparisons of the holocaust to taxes?

The Crazy One continued by claiming the current generation of Americans “just entering the work force now” could eventually see “75 percent of their earnings sucked up by income taxes, Social Security and Medicare”. She also said those young workers could one day ask “what people were doing while watching quite literally our economic liberty pulled out from under us?”

“The question comes down to this: what will you say to that next generation about what you did to make sure that wouldn’t be their fate?” she said.

Well, I for one will tell my children and grandchildren I did all I could to make sure people like you never saw the inside of the Oval Office because you’re not only a liar, you’re an insane, crazy liar who should only be looking at the inside of a rubber room, while wearing a nice tight straight jacket.

You really believe it’s OK to compare one of the most horrendous events in history to anything going on in America today? You’re also no doubt comparing President Obama, in a strictly non-analogous way to Adolph Hitler? You’re crazy show plays really well with your equally crazy followers, but thank God the majority, meaning more than 75% of the rest of us don’t live with all of you in the Twilight Zone. All of this aside, PLEASE RUN IN 2012. PLEASE, PLEASE, PLEASE, PLEASE RUN!

 
 

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Sanders Calls for Shared Sacrifice

Senator Bernie Sanders (I-VT) has alleged while hard working Americans fill out their income tax returns this tax season, General Electric and other giant profitable corporations are avoiding U.S. taxes altogether, and with Congress returning to Capitol Hill this week to continue its seemingly never ending debate on spending cuts, he said the wealthiest Americans and most profitable corporations must do their share to help bring down our record-breaking deficit.

Sanders has renewed his call for shared sacrifice after it was reported that General Electric and other major corporations paid no U.S. taxes after posting huge profits. Sanders said it is grossly unfair for congressional Republicans to propose major cuts to Head Start, Pell Grants, the Social Security Administration, nutrition grants for pregnant low-income women and the Environmental Protection Agency while ignoring the reality that some of the most profitable corporations pay nothing or almost nothing in federal income taxes. And Senator Sanders is absolutely right. It’s time for the GOTP to stop pandering to its far right frantic fringe and start balancing the books by balancing the load.

Sanders has compiled a list of some of some of the 10 worst corporate income tax avoiders.

1)  Exxon Mobil made $19 billion in profits in 2009.  Exxon not only paid no federal income taxes, it actually received a $156 million rebate from the IRS, according to its SEC filings.

2)  Bank of America received a $1.9 billion tax refund from the IRS last year, although it made $4.4 billion in profits and received a bailout from the Federal Reserve and the Treasury Department of nearly $1 trillion.

3)   Over the past five years, while General Electric made $26 billion in profits in the United States, it received a $4.1 billion refund from the IRS.

4)   Chevron received a $19 million refund from the IRS last year after it made $10 billion in profits in 2009.

5)   Boeing, which received a $30 billion contract from the Pentagon to build 179 airborne tankers, got a $124 million refund from the IRS last year.

6)   Valero Energy, the 25th largest company in America with $68 billion in sales last year received a $157 million tax refund check from the IRS and, over the past three years, it received a $134 million tax break from the oil and gas manufacturing tax deduction.

7)   Goldman Sachs in 2008 only paid 1.1 percent of its income in taxes even though it earned a profit of $2.3 billion and received an almost $800 billion from the Federal Reserve and U.S. Treasury Department.

8)   Citigroup last year made more than $4 billion in profits but paid no federal income taxes. It received a $2.5 trillion bailout from the Federal Reserve and U.S. Treasury.

9)   ConocoPhillips, the fifth largest oil company in the United States, made $16 billion in profits from 2007 through 2009, but received $451 million in tax breaks through the oil and gas manufacturing deduction.

10)  Over the past five years, Carnival Cruise Lines made more than $11 billion in profits, but its federal income tax rate during those years was just 1.1 percent.

Sanders has called for closing corporate tax loopholes and eliminating tax breaks for oil and gas companies. He also introduced legislation to impose a 5.4 percent surtax on millionaires that would yield up to $50 billion a year. The senator has said that spending cuts must be paired with new revenue so the federal budget is not balanced solely on the backs of working families.

“We have a deficit problem. It has to be addressed,” Sanders said, “but it cannot be addressed on the backs of the sick, the elderly, the poor, young people, the most vulnerable in this country.  The wealthiest people and the largest corporations in this country have got to contribute. We’ve got to talk about shared sacrifice.”

Amen.

 
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Posted by on March 30, 2011 in Federal Budget

 

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McCaskill owes $287,000 in unpaid taxes

So, Missouri Democratic Senator Claire McCaskill has admitted she failed to pay about $287,000 in back taxes. Well good for her. Now she needs to resign her seat and pay her debt.

I don’t care why she didn’t pay her taxes; fact is she didn’t pay them. This is one of those “high crimes or misdemeanors” that would warrant an impeachment, and if she doesn’t step down then the House needs to proceed and remove her from office. If the GOTP leadership lacks the courage to pursue an impeachment, then voters in 2012 need to send her packing. Citizens can’t get away with this kind of nonsense, and neither should members of Congress.

 
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Posted by on March 23, 2011 in 2012 Election, Politics, Taxes

 

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Top 10 Worst Things about the Republican Budget?

The GOTP is not, repeat NOT, a friend to students, teachers, woman, the poor, or most especially to our country’s veterans … cutting in half the vouchers being given to vets to prevent homelessness. Once again they send soldiers, marines, sailors and airmen to fight, and then stab them in the back! This is a disgrace! But everyone who voted for the GOTP in November, you go ahead and continue to sleep warm and comfy in your beds while vets are under bridges, they didn’t do anything for you.


This is the hypocrisy of the right, plain, simple and out in the open. Our nation spends $2 BILLION DOLLARS per week in Iraq and Afghanistan! $2 BILLION DOLLARS! They – the GOTP – continue to cater to the upper 2% of the population providing them with tax cuts which would have provided billions of dollars to the nation’s coffers, all while cutting education programs, gutting NPR and Public television, taking away food and medical help from millions of woman and children – including prenatal care – and screwing our vets!

Notice, however, there are no defense cuts. We don’t want to upset the military industrial complex, we’ll pay them their billions and then screw the troops for serving their country. This is a disgrace!

NEVER again will I vote for a Republican! NEVER AGAIN! Not if this is what the party of Reagan has become.

The Republican budget would:

1. Destroy 700,000 jobs, according to an independent economic analysis.

So, this is what the GOTP meant about jobs bills, and taking care of jobs in America …

2. Zero out federal funding for National Public Radio and public television.

Yeah, here’s the GOTPs version of the fairness doctrine. They – the GOTP – only want the country hearing Limbaugh, Hannity and Beck. No more programming questioning what they’re doing …

3. Cut $1.3 billion from community health centers–which will deprive more than three million low-income people of health care over the next few months.

I can hear Ebenezer whispering in Boehner’s ear now, “If they had rather die, they had better do it, and decrease the surplus population!” This is the GOTP health care plan for America, only the strong and rich will survive in their new America. Can’t afford health care? Too bad!

4. Cut nearly a billion dollars in food and health care assistance to pregnant women, new moms, and children.

As Reagan – the GOTP hero of heroes would no doubt intone – All those welfare queens in their caddies suckling from the nation’s breasts. You’re done! Go get jobs! Go beg! But we’re not helping you anymore!

I’m confused? Isn’t this the party that prides itself on America being a “Christian” nation? Wasn’t there something about taking care of the poor, and how it would easier to put a camel through the eye of a needle than for a rich man to enter into the Kingdom of Heaven?

5. Kick more than 200,000 children out of pre-school by cutting funds for Head Start.

The GOTP is tired of taking care of your snot nosed kids. If you can’t afford pre-school then too bad! Your kids aren’t worth it! You’re poor! Send your kids out to beg, like in other countries!

6. Force states to fire 65,000 teachers and aides, dramatically increasing class sizes, thanks to education cuts.

The GOTP hates teachers, and it hates public education. The Governor of Wisconsin, Limbaugh, Hannity et al, have been screaming about the lousy teachers getting rich doing nothing all day! No more!

7. Cut some or all financial aid for 9.4 million low- and middle-income college students.

According to Boehner and friends, if you can’t afford college you shouldn’t be there! Why should the rest of us pay for your college education! Go dig ditches, or beg or something. Who are you to think you could better yourself?

8. Slash $1.6 billion from the National Institutes of Health, a cut that experts say would “send shockwaves” through cancer research, likely result in cuts to Alzheimer’s and Parkinson’s research, and cause job losses.

Once again Scrooge is speaking from the pages of literature through the GOTP, “If they’d rather die …” If you’re not wealthy enough to afford health care in Boehner’s America then you should just die. It’s a very simple health care plan. Those who can afford it survive. Those who cannot afford it? Too bad.

9. End the only federal family planning program, including cutting all federal funding that goes to Planned Parenthood to support cancer screenings and other woman’s health care.

The GOTP doesn’t care about poor woman, just about their own wives, mistresses and daughters. If you die giving birth to your welfare child, who cares? Not Boehner and company.

10. Send 10,000 low-income veterans into homelessness by cutting in half the number of veterans who get housing vouchers this year.

Boehner – who washed out of Navy basic training – could care less. Typical GOTP attitude. Claim to love America, drive around with your “support the soldiers” magnetic yellow ribbon on your car, and then knife them in the back once they’ve fought, and bled for you.

This is a disgrace …

 
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Posted by on March 7, 2011 in Federal Budget

 

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Taxes at Lowest Level Since 1950?!

According to a 7 Feb 11 Associated Press article, American families and businesses will pay less in federal taxes for the third straight year in a row, and will pay far less than they did under former President George W. Bush (R), thanks to a combination of a weak economy and a growing number of tax breaks for both the wealthy and the poor.


“Income tax payments this year will be nearly 13 percent lower than they were in 2008, the last full year of the Bush presidency. Corporate taxes will be lower by a third, according to projections by the nonpartisan Congressional Budget Office,” the article said.

The current tax rates are actually the lowest Americans have paid since Harry S. Truman was President. So, if tax rates are the lowest since Harry Truman, which means they’re lower than when Ronald Reagan was President, where’s the boom to the economy that should be overflowing from trickle down?

The only trickle down is something I refuse to write about here, truth is there is no trickle down! Reaganomics is all smoke and mirrors, his higher revenues didn’t show up until after he enacted the highest corporate tax increases in U.S. history. Sorry Sarah Palin, Hannity and Rush, but facts are facts.

So, please Tea Party and Republicans enough with the boo hoo hoo we’re taxed too high already. Find something worthy to protest, like, oh I don’t know? Maybe, the fact we’re still losing young men and women in Iraq and Afghanistan? Or how about (in spite of what Billo the Clown O’Reilly claims) we have homeless veterans freezing to death? But really, just because the 1st Amendment gives you the right to protest, doesn’t mean you should; protesting you’re being taxed too high when you’re paying far less than your parents or grandparents paid is not only obscene, it’s dull-witted, simple-minded and obtuse.

 
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Posted by on February 7, 2011 in Economics

 

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