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Some Democrats may not want to close the tax loopholes for corporations?

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kentuck Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-05-09 10:18 AM
Original message
Some Democrats may not want to close the tax loopholes for corporations?
Tell me why any American citizen should continue to pay taxes with scofflaws such as these???

=========================

http://www.bloomberg.com/apps/news?pid=20601070&sid=aaXFFJBizJtc&refer=politics

<snip>
Senate Finance Committee Chairman Max Baucus, a Montana Democrat, called for “further study” of Obama’s proposals within minutes of the president’s announcement yesterday. Representative Joseph Crowley, a Democrat on the tax-writing House Ways and Means Committee, said he’s wary because the tax changes would hurt Citigroup Inc., his New York district’s largest private-sector employer.

Natalie Ravitz, a spokeswoman for Senator Barbara Boxer, a California Democrat, said that any tax overhaul should not lead to “unintended consequences.”

Other Democrats, including House Ways and Means Committee Chairman Charles Rangel of New York, support the proposal. Some lawmakers, including Iowa Senator Charles Grassley, the ranking Republican on the Senate finance panel, are still weighing the plan.

Obama proposed outlawing three offshore tax-saving strategies commonly used by companies such as Citigroup, General Electric Co., and Procter & Gamble Co. In doing so, he reignited debate about whether U.S. companies can remain competitive in world markets if they have to pay billions of dollars in taxes on foreign profits.

Lawmakers will have “a great deal of willingness to listen to companies” that face as much as a 10 percent tax increase under Obama’s plan, said Clinton Stretch, managing principal of Deloitte Tax LLP in Washington. One proposal to limit deductions by companies that defer U.S. tax payments on foreign profits faces “very tough sledding in the Senate,” he said.


............more
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ananda Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-05-09 10:23 AM
Response to Original message
1. I don't think we can count on the DINOs.. aka Bluedogs..
.. to support Obama's tax plan.

After all, they are in the pockets of
banks and corporations.
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Freddie Stubbs Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-05-09 10:27 AM
Response to Reply #1
3. Barbara Boxer is not a Blue Dog
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billyoc Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-05-09 10:41 AM
Response to Reply #3
7. I guess we'll have to take your word for that.
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Auggie Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-05-09 11:00 AM
Response to Reply #3
11. She's received her share of corporate money...
Qualcomm, Cisco Systems, G.E., and a plethora of ambiguous donations from law and accounting firms.

LINK: http://www.opensecrets.org/politicians/contrib.php?cycle=2008&cid=N00006692&type=I&mem=
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OHdem10 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-05-09 10:29 AM
Response to Reply #1
5. You are absolutely correct. PRO Business Conservative Democrats
when forced to choose sides will always support Business and throw
the American People under the bus. Just check their records.




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jtrockville Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-05-09 10:26 AM
Response to Original message
2. Under Obama's plan, can't corporations keep the tax breaks by
moving operations to the US?
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kentuck Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-05-09 10:29 AM
Response to Original message
4. Class warfare in the extreme...
Who do you think is going to win?
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leveymg Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-05-09 10:30 AM
Response to Original message
6. "Shake your money maker"
Shake your money maker
Like somebody boutta pay ya
I see you on my radar
Don't you act like you're afraid of shit.


You know I got it
If you want to come get it stand next to this money
Like - ey ey ey.


Shake your money maker
Like somebody boutta pay ya
Don't worry about them haters
Keep your nose up in the air.


You know I got it
If you want to come get it stand next to this money
Like - ey ey ey.


Shake shake shake your money maker
Like you were shakin it for some paper
Took your mama 9 months to make ya
Might as well shake what ya mama gave ya.

You ... you lookin good in them jeans
I bet you look even better with me in between
I keep my mind on my money, money on my mind
But yous a hell of a distraction when you shake your behind
I got j.o. on my right side pourin some cups
My whole hood is to my left and they aint giving a f***.

So feel free to get lose and get carried away
So by tomorrow you forgot what you was sayin today
But don't forget about this feeling that im making you get
And all the calories you burn from me making you sweat
The mile high points you earn when we taking my jet
And how everywhere you turn I'll be making you wet.
Cause you can...



Shake your money maker
Like somebody boutta pay ya
I see you on my radar
Don't you act like you're afraid of shit

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BobRossi Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-05-09 10:47 AM
Response to Original message
8. Can you say "DLC"? nt
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Freddie Stubbs Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-05-09 10:58 AM
Response to Reply #8
10. Can you say Barbara Boxer?
:shrug:
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lsewpershad Donating Member (964 posts) Send PM | Profile | Ignore Tue May-05-09 10:51 AM
Response to Original message
9. And we
must remember who they are the next election cycle.
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OhioChick Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-05-09 11:54 AM
Response to Reply #9
14. Damn straight. n/t
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bighart Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-05-09 11:15 AM
Response to Original message
12. I really do not expect this plan to get through congress.
Just sayin'.
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Mari333 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-05-09 11:18 AM
Response to Original message
13. CONTACT your CONGRESSCRITTERS
even the ones whoring for the corporations..be relentless....let them know you back Obama on this, and if they dont they are history..
contacts:

http://www.visi.com/juan/congress/
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