Working Life

With one hand, he giveth a few dollars to the people, and with the other hand, he showers huge corporations with a tax gift that is astounding in its…audacity? That’s how I suggest you can look at the president’s executive order to pay more workers overtime (a good thing) versus his budget proposal to…pay attention now..CUT corporate tax rates.

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I know, you are shocked, shocked, shocked that the proposal from Congressman Dave Camp, the Republican chairman of the House Ways and Means Committee, is awful. But, good to have the facts on exactly why.

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It’s new data but not a new revelation because this bit of news is nothing we haven’t already become accustomed to. Corporations are robbing the country, robbing because corporations pocket profits made possible from all the investments in human and physical capital made thanks to taxes regular people pay but the same corporations do squat when it comes to paying a fair share.

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Yesterday, I wrote about a report that basically said it’s a myth that tax cuts are a huge boon to the economy. Well, there’s actually a second part to that.

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So, as we gather steam towards Tax Day, let’s keep up this drumbeat: tax cuts don’t help the economy. Or, at least, there isn’t the evidence to prove they do. So, says the Congressional Research Service.

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Ah, so little time, so many corporate tax breaks…and so many of them just pure scams. Here’s one under the rubric of “research”.

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It’s all the rage — at least for now, until the next hot little stock. But, you know, Twitter may seem real edgy, or new, or hip — but when it comes to corporate responsibility, it’s the same old story. Tax loopholes galore!

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You’ve come to expect here a very skeptical, verging on enraged, attitude towards how the elites talk about taxes — including Democrats. Aggressive proposals to raise taxes to reasonable levels, particularly on the wealthy, just can’t be found with a few exceptions. Here is one that makes a bit of progress.

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Oh, and while I am on the topic of taxes, I meant to give this a bit of a go. Another tax that should be raised is the gas tax. Oh, stop whining…really…driving in the U.S. is cheap. It really would be painless.

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Max Baucus has always been a corporate shill. So, I, for one, am not shedding a single tear that he is retiring at the end of his term (sort of the way I felt when the country was able to rid itself of a scar named Joe Lieberman). But, on his way out the door, he’s ensuring that he’s going to leave a black mark of more phony corporate shilling.

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