Tag: Wealth Disparity

The U.S. Chamber of Outsourcing

by Dustin Ensinger, EconomyInCrisis.org — Oct 12, 2010

Just last month, the Chamber lobbied vigorously to defeat the Creating American Jobs and End Offshoring Act, which would have given companies a two-year payroll tax holiday, reducing the amount of Social Security taxes they would have to pay, for new employees who replace workers doing similar jobs overseas. The bill would have also ended tax provisions that encourage the outsourcing of jobs.

“Replacing a job that is based in another country with a domestic job does not stimulate economic growth or enhance the competitiveness of American worldwide companies,” Chamber executive vice president Bruce Josten claimed in a letter to senators.

When the $787 billion stimulus bill was passed, the Chamber fought tooth and nail to ensure that a provision requiring that all stimulus projects include only Americans-made products and services was NOT included.

Who’s Looking Out for YOU?

If Republicans got their Way … there would be no more Medicare.

If Republicans got their Way … you couldn’t Retire until 70.

If Republicans got their Way … they’d privatize Social Security.

If Republicans got their Way … there would be no more Corporate income tax.

If Republicans got their Way … they’d eliminate taxes on Capital gains.

If Republicans got their Way … they’d cut in half the taxes of the richest 1 percent.

If Republicans got their Way … the Bush Tax Cut for the Rich would never end.

Factlets from The Republican’s Roadmap for America’s Future:

The Ryan Budget’s Radical Priorities

Center on Budget and Policy Priorities

By Paul N. Van de Water — July 7, 2010

The Ryan Budget’s Radical Priorities

Center on Budget and Policy Priorities

By Paul N. Van de Water — July 7, 2010

I. Summary

The Roadmap for America’s Future, which Rep. Paul Ryan (R-WI) – the ranking Republican on the House Budget Committee – released in late January, calls for radical policy changes that would result in a massive transfer of resources from the broad majority of Americans to the nation’s wealthiest individuals.[1]

The Roadmap would give the most affluent households a new round of very large, costly tax cuts by reducing income tax rates on high-income households;

eliminating income taxes on capital gains, dividends, and interest;

and abolishing the corporate income tax, the estate tax, and the alternative minimum tax.

At the same time, the Ryan plan would raise taxes for most middle-income families,

privatize a substantial portion of Social Security,

eliminate the tax exclusion for employer-sponsored health insurance,

end traditional Medicare and most of Medicaid,

and terminate the Children’s Health Insurance Program.

How to save $1.3 trillion a year, get healthcare reform, and lose weight doing it

Michael Lemke, Special Interests Examiner – Sept 3, 2009

Ending the Bush tax cut for the top 1% would save $132 billion next year alone.

While the rich have been getting richer at a staggering rate both under Clinton and under Bush, the lower 80% of US households have been stagnating or getting poorer. We have reach the highest level of income inequality in US history, surpassing even the obscene levels of the late 1920s.

http://www.examiner.com/x-1908…

Well, that’s one sure fire way to help pay for Health Care —

Repeal the Bush Give-Away to the Top 1%, or just let them sunset, as the legislation requires!

January 1, 2011, is one Sunset, that can’t come soon enough!

There are some things, we just shouldn’t “Leave to the Markets” to decide what’s best

For Example:

Infrastructure

Public Schools

the Unemployed and the Uninsured

Left to their own devices, Private Interests will UNDERCUT the Public Interest, most every time!

That’s what the Profit Motive is all about — it cares more about the interests of ME, instead of the well-being of the WE, from which Societies are built.