Showing posts with label House Republicans. Show all posts
Showing posts with label House Republicans. Show all posts

Tuesday, October 18, 2011

It’s the jobs…stupid

President Obama didn’t say that.  I did, with no remorse for the comment.  It was directed at Rpublicans in Congress who are keeping more people from going back to work and preventing those already jobless from getting the benefits necessary to find work by opposing the President’s Jobs legislation.  We are in this situation because GOP policies don’t work, having had 8 years under George W. Bush to force them down the throats of the American public.

The White House has provided some interesting material to bloggers and other media nationwide designed to get the President’s jobs bill before the American public so they can dare Republicans and some reluctant Democrats not to back it.  If I were jobless, or had a relative or even knew someone who was jobless—and I do—I would tell my congressional representative to pass this bill…or else.  And I will.



Yes.  Enough is enough!  It’s time to back the “no-sayers” into a corner and make them accountable for not supporting Obama in his drive to put folks back to work.  And here’s how he’ll do it:

·       Tax cuts for small business
·       Putting workers back to work while rebuilding America
·       Extension of unemployment insurance
·       Tax relief for the American family
·       Fully paid for by Long-Term Deficit Reduction Plan

Go to the White House page and see how The American Jobs Act affects your state.  You can also see what the Act means to schools and download fact sheets: Comprehensive, Short.  There is an overview on the major points of the bill including, Tax Cuts, Rebuilding America, Pathways to work, Tax Relief and Method of paying for the program.  If you are up to it, you can read the entire 199 pages of the Act at this site.

The President says his jobs act will create 1.9 million jobs which should be music to the ears of the jobless.  That crescendo you hear building from the working class should resonate with the obstructionists in the GOP as a warning that, come 2012, they are the people who will most likely go to the polls.  But this isn’t about an election or politics at all, this is about survival.

Wednesday, September 14, 2011

Warren Buffett trashes GOP tax cuts

Compliments Art Comments
Billionaire Warren Buffett says the Republicans selectively eliminated him and other affluent individuals like him when asking the American public to “sacrifice.”  Buffett places himself in the “mega-rich” category while the rest of us suffer in the economic crisis.  It seems there is something like “carried interest’ that allows this opulent group to get a “bargain” 15 percent tax rate.  Buffett feels protected by conservatives in Congress and is calling for them to stop this “coddling.”

Forecasters agree, warning that the direction of the House Republicans demanding spending cuts without tax increases was the “wrong” thing to do.  These critics are convinced that the stimulation of the economy in the short term will do more to create jobs.  Something like President Obama will introduce Thursday in his speech to Congress.  Another source says revenue enhancement and entitlement reform are needed for the long term.

The fact that Republicans say that raising taxes is not on the table, along with Democrats refusing to touch entitlements leaves only discretionary spending, like education, research, the military and the infrastructure, among others.  Based on the inability of the GOP to move outside its ridiculous ideology on tax increases, it seems this impasse will certainly lead to a partisan standoff that could lead this country into another economic crisis by the end of the year.

Buffett paid $6,938,744 in taxes last year, which he acknowledges sounds like a lot.  But this was a rate of only 17.4 percent, compared to 20 others in his office paying from 33 to 41 percent, an average of 36 percent.  Based on Republican claims that high capital gains taxes tend to discourage investors, Buffett says he doesn’t know of anyone deciding against a good investment because of a high tax rate.

He adds, for those who argue that higher tax rates hurt job creation, a net 40 million jobs were added between 1980 and 2000, as compared to since that period when we’ve actually had lower tax rates with lower job creation.  Two Republicans served as President during that period along with Bill Clinton.  George W. Bush was elected and served as President from 2001 to 2009.  Shortly after entering office GWB enacted tax cuts for the wealthiest citizens in America…including Warren Buffett.

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