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Old 03-28-2011, 10:55 AM   #861
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I for one am happy that I'm going to pay more tuition so good companies like GE and Marcellus Shale can continue operating with huge profits and nothing to pay to the government. Awesome. Fantastic. I love everything.
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Old 03-28-2011, 11:02 AM   #862
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It's not a horrible thing if a company doesn't pay taxes; it should mean it has zero net income or a net loss. That means the company is possibly reinvesting in their business through upgrades and expansions and funding employees' benefits and such.

BUT...the loopholes are killing us, especially the offshore bullshit.

There is an excellent case to be made for closing loopholes and raising corporate taxes, especially on a state level because it forces companies to reinvest in themselves or pay the heavy tax burden.

But, since corporations are human-company hybrids getting all of the benefits of our American society with few of the drawbacks, we're fucked for the near future.
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Old 03-28-2011, 11:06 AM   #863
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The argument that taxing them more would mean they're going to leave the US clearly holds no water, as they're leaving the US anyway.
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Old 03-28-2011, 11:16 AM   #864
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The argument that taxing them more would mean they're going to leave the US clearly holds no water, as they're leaving the US anyway.
Yeah exactly.

It's a similar bullshit argument on a state level. In Minnesota, we used to have some of the highest individual and corporate taxes in the country. While this "crushing" tax burden was going on, we also had the highest number of Fortune 500 companies per capita in the U.S.

We've lowered our taxation percentages, and HEY! we've been losing Fortune 500 companies, too.

There is NOT a direct link with companies and taxation rates.
It has more to do with a well-educated population and great infrastructure. (which are funded by fair and higher taxes, )

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Old 03-31-2011, 10:53 AM   #865
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Poll: Obama's approval hits new low - Jennifer Epstein - POLITICO.com

By JENNIFER EPSTEIN | 3/30/11 7:57 AM EDT

President Barack Obama’s approval rating and prospects for reelection have plunged to all-time lows in a Quinnipiac University poll released Wednesday.

Half of the registered voters surveyed for the poll think that the president does not deserve a second term in office, while 41 percent say he does. In another Quinnipiac poll released just four weeks ago, 45 percent said the president did not deserve reelection, while 47 percent said he did.

The decline in support for a second Obama term comes as his approval rating has dropped 4 percentage points since early March, landing at 42 percent – a record low – in the poll released Wednesday. His disapproval rating has risen from 46 percent to 48 percent.

The downward shift may in part be the result of dissatisfaction over U.S involvement in Libya, with 47 percent of those surveyed saying they oppose it. By a margin of 58 percent to 29 percent, registered voters said that Obama has not clearly stated U.S. goals for the mission.

The poll as conducted March 22-28 and surveyed 2,069 registered voters. The error margin is plus or minus 2.2 percentage points.
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Old 03-31-2011, 11:20 AM   #866
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I for one am happy that I'm going to pay more tuition so good companies like GE and Marcellus Shale can continue operating with huge profits and nothing to pay to the government. Awesome. Fantastic. I love everything.
Thought you might appreciate this, PhilsFan.

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Acting Secretary Michael Krancer is changing the procedure after receiving complaints that agency staff in different regions of Pennsylvania were carrying out their responsibilities unevenly, a department spokeswoman said.

The new policy covers a variety of enforcement actions that can require a company to pay a fine or correct a problem, spokeswoman Katy Gresh said. In some cases, those matters reach top officials. But the policy also covers notices of violation — which Krancer's predecessor, John Hanger, equated to a traffic ticket making its way up to the chief of police and said it represents an encroachment onto the professional independence of the agency's inspectors.

The policy applies strictly to Marcellus Shale-related drilling activity, and not to any other activities that the agency also inspects across six regions, including mining, construction, water and sewer treatment, power generation and medical X-rays.

Gresh said the week-old policy may be only temporary.

"We need to make sure we are consistent and that we make our best effort to be the most effective regulator of this industry, which will benefit all Pennsylvanians," Gresh said.

Gov. Tom Corbett, whose successful campaign last year received sizable donations from members of the natural gas industry, has said he wants to make Pennsylvania the Texas of the natural gas boom. Pennsylvania is the largest natural gas state not to tax the activity, and Corbett is against imposing a new tax on it.

Notice of the change surrounding the hotly pursued natural gas formation wasn't announced publicly. Rather, a March 23 email from a top department official ended up in the hands of reporters.

In the email, the department's regional directors and the director of the bureau of oil and gas management were instructed to seek approval for actions involving Marcellus Shale drilling from two top agency deputies, with final clearance from Krancer.

"Any waiver from this directive will not be acceptable," wrote John Hines, the agency's executive deputy secretary.

On Wednesday, Hanger called the change to longstanding practice "ill-advised."

"I can't think of anything more likely to erode public confidence in the inspection process than this," Hanger said. "I urge them to rethink and reconsider."

Hanger said it oversteps the built-in checks and balances that give every company the ability to contest a notice of violation by responding in writing, asking for a meeting with regional staff to discuss it, appealing a decision to the Environmental Hearing Board and even going to court.

If there are complaints about consistency, the best way to handle those complaints is to carry out a management-level review of consistency and then train staff, if necessary, Hanger said.

"The idea that the secretary himself and the deputy secretary would presumably review, literally hundreds if not thousands of (notices of violation) before they were issued, when they were not on the site, they didn't do the inspection, is incredible," Hanger said. "It's a new full-time job for the secretary, is what's going to happen."

___

Information from: Pittsburgh Post-Gazette, Post-Gazette.com

Can you say de facto no regulation on Marcellus Shale? The natural gas companies have gotten their money's worth from the new governor.

Hopefully, this is temporary as in ending today.
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Old 04-02-2011, 12:48 PM   #867
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Michelle finally meets her match?

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Old 04-02-2011, 01:23 PM   #868
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^Who is that?
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Old 04-02-2011, 03:13 PM   #869
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^Who is that?
Everyone's favourite wacky Russian NHL star.

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Old 04-02-2011, 06:38 PM   #870
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Michelle finally meets her match?

Sweet Jesus the janitor, I thought he was creepy in a helmet.
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Old 04-02-2011, 10:07 PM   #871
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oh my.
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Old 04-05-2011, 08:23 PM   #872
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Andrew Sullivan, April 5
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The president's walking away from the deficit commission he set up was, to my mind, one of those moments when his caution was not about the substance of the issue but the politics. He knows we need to cut entitlements and defense or face fiscal collapse. And yet he has allowed Paul Ryan to move into the vacuum Obama created on the most important domestic issue of the day.

Ryan's proposal, whatever you think of it, is serious. His proposal for Medicare looks to me like an extension of the Romney/Obama healthcare exchanges. His proposal for Medicaid--block grants to the states--will inevitably cut down on sky-rocketing healthcare spending. His tax reform is straight out of Bowles-Simpson. Alas, his op-ed is needlessly partisan in its initial lashing out at Obama. That's not the way to start a real dialogue, which is what we desperately need.

But the good news is that we finally have a political party being honest about what it takes to avoid falling off a fiscal cliff. It means sacrifice. And my objection to the Ryan plan really comes down to the injustice of imposing major sacrifices for the poor and elderly, while exempting the wealthy from any sacrifice at all. This is because of Ryan's and the GOP's intransigent, doctrinaire refusal to bring taxes back to their Clinton-era or Reagan-era levels, even as they have given themselves a great opportunity to raise revenues as painlessly as possible. All the GOP has to do is make tax reform revenue-positive rather than revenue-neutral. Income tax rates would come down--but not quite as low as they might have. The money left over could reduce the burden on the poor. If he advocated serious cuts in defense, rather than the minor measures backed by Gates, he'd be on much firmer ground as well.

But this is clearly an opening bid--and a powerful rebranding of the GOP, after the Bush years, as fiscally serious. As David Brooks wrote this morning, we shall soon see what Obama is made of by how he responds. We were told that Obama did not embrace long-term fiscal reform in his State of the Union this year because he needed political cover from the right. Well, he's got it now. Will he react by demagoguing the issue as the liberal blogosphere is doing--or by seeking a way to build on it, to trade cuts in Medicare and Medicaid for a revenue-positive tax reform and deeper defense cuts?

I don't accept the logic that this cannot be done in the year before a general election. The massive debt and deficits can be ducked no longer. While I'm sure there are many legitimate complaints about Ryan, in this proposal at least, he gets real points for seizing the initiative on honest debt-reduction, and pushing it forward as a principal issue for the elections in 2012. For the first time, the Tea Party seems genuine and serious in its fiscal goals. And the Democrats and Obama now have to offer a response. The question I'll be asking is quite simply: how would they save $5.8 trillion from the federal budget over the next decade? Tell us, please.
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Old 04-05-2011, 11:09 PM   #873
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i, for one, see no reason on earth why we can't keep taxes low for the rich by eviscerating health care for our most vulnerable citizens.

i mean, honestly, who could object to such a thing?
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Old 04-06-2011, 01:40 AM   #874
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i, for one, see no reason on earth why we can't keep taxes low for the rich by eviscerating health care for our most vulnerable citizens.

i mean, honestly, who could object to such a thing?
Don`t forget, as an American, YOU, yes YOU, have the change to become a wealthy person thanks to American Exceptionalism!!! YOU could be one of the top 5% of income earners!!!! IT`S THE AMERICAN DREAM!!!!!!!!!
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Old 04-06-2011, 08:05 AM   #875
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Don`t forget, as an American, YOU, yes YOU, have the change to become a wealthy person thanks to American Exceptionalism!!! YOU could be one of the top 5% of income earners!!!! IT`S THE AMERICAN DREAM!!!!!!!!!
I like the new box you can check on our tax returns that lets you take your refund in Powerball tickets.


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Old 04-06-2011, 08:20 AM   #876
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So, it looks like there might be a government shutdown
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Old 04-06-2011, 08:57 AM   #877
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The first headline I saw this morning was "Obama, GOP Try to Avoid Shutdown, Start to Point Fingers" which I at least got a bleak chuckle out of.
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Old 04-06-2011, 11:08 AM   #878
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The military won't get paid, other people won't-but of course Congress and the President and VP would still get paid
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Old 04-06-2011, 11:58 AM   #879
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The military won't get paid, other people won't-but of course Congress and the President and VP would still get paid
I love the Republican explanation I heard earlier, "Oh, the military will get back-pay once the budget is resolved and the government opens again."


Way to support the troops folks.
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Old 04-06-2011, 12:06 PM   #880
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Money or benefits was never the way the government supported the troops. It just says nice stuff about them.
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