DUmmies discuss cornholing they just got from their savior... they don't like it

[BannedFromDU]

Well...shiver me timbers, 0bama BF'ed them again. Wonder if they'll take issue?

(faggy flag) xchrom (85,984 posts)


8 Huge Corporate Handouts in the Fiscal Cliff Bill

http://www.alternet.org/news-amp-politics/8-huge-corporate-handouts-fiscal-cliff-bill



5) Subsidies for Goldman Sachs Headquarters – Sec. 328 extends “tax exempt financing for York Liberty Zone,” which was a program to provide post-9/11 recovery funds. Rather than going to small businesses affected, however, this was, according to Bloomberg, “little more than a subsidy for fancy Manhattan apartments and office towers for Goldman Sachs and Bank of America Corp.” Michael Bloomberg himself actually thought the program was excessive, so that’s saying something. According to David Cay Johnston’s The Fine Print, Goldman got $1.6 billion in tax free financing for its new massive headquarters through Liberty Bonds.

6) $9B Off-shore financing loophole for banks – Sec. 322 is an “Extension of the Active Financing Exception to Subpart F.” Very few tax loopholes have a trade association, but this one does. This strangely worded provision basically allows American corporations such as banks and manufactures to engage in certain lending practices and not pay taxes on income earned from it. According to this Washington Post piece, supporters of the bill include GE, Caterpillar, and JP Morgan. Steve Elmendorf, super-lobbyist, has been paid $80,000 in 2012 alone to lobby on the “Active Financing Working Group.”

7) Tax credits for foreign subsidiaries – Sec. 323 is an extension of the “Look-through treatment of payments between related CFCs under foreign personal holding company income rules.” This gibberish sounding provision cost $1.5 billion from 2010 and 2011, and the US Chamber loves it. It’s a provision that allows US multinationals to not pay taxes on income earned by companies they own abroad.

8) Bonus Depreciation, R&D Tax Credit – These are well-known corporate boondoggles. The research tax credit was projected to cost $8B for 2010 and 2011, and the depreciation provisions were projected to cost about $110B for those two years, with some of that made up in later years.

Bitchfight:

DiverDave (3,591 posts)
2. I am sick to death


of the lengths this president will bow to those bastards.

Or to put it another way, So what else is new?

Education is the silver bullet. Education is everything. We don't need little changes, we need gigantic, monumental changes. Schools should be palaces. The competition for the best teachers should be fierce. They should be making six-figure salaries. Schools should be incredibly expensive for government and absolutely free of charge to its citizens, just like national defense.

Reply to this post





brush (734 posts)
4. I am sick to death also . . .



Last edited Wed Jan 2, 2013, 01:17 PM USA/ET - Edit history (1)
. . . of all the bad mouthers of the President on DU. HE IS NOT A KING THAT CAN RULE BY EDIT. He's also not the king of the Democrats either, and they had as much a hand in the bill as anyone. If there is fault lay it all around because the majority of the 538 members of the Senate and House voted to pass the bill with the provisions sited in the OP. If you think all the banks and corporations in the country, WITH THE REPUGS WORKING FOR THEM FULL-TIME, have no power in this country, your naivete is stunning.

Now try listing some of the benefits of the bill like extending unemployment for those that were about to lose their only income, or the increased revenue the bill raises and you might have a different perspective. You don't ever get everything you want unless you are the dictator in a dictatorship. It's about negotiation, or you may as well be just an inflexible, left-wing version of a teabagger and nothing ever gets done. And who's to say this quick fix bill is permanent? Now the real negotiation starts, and those on unemployment at lease aren't going to starve.





Wed Jan 2, 2013, 10:51 PM

DiverDave (3,591 posts)
18. blah blah blah


PEANUTS!
And I guess its ok that the ceo that get facetime get what they want.
yeah, he is the best.
If I wanted a ****ing republican I would have voted for one.
They WILL get the SS money, mark my words.
With the Presidents help.
We are screwed.
Wake up.
Naivete, look in the mirror smarty pants.

     Guess 0bama's semen isn't manna from heaven for all DUmmies...

[MrsSmith]

You would almost think they'd appreciate the Republicans that voted against this monstrosity.   

[Skul]

SHRED (9,738 posts)
3. More pork for the pigs

Meanwhile we will see less take home pay and Obama will be blamed.

Aren't these the same people that squealed about the hurricane relief bill being delayed. 

[Karin]

Not the Extension of the Active Financing Exception to Subpart F!!!    


I am a KING THAT CAN RULE BY EDIT.

[Rebel]

Rule by edit. 

[Charles Henrickson]

HE IS NOT A KING THAT CAN RULE BY EDIT.

OR EVEN BY EDICT. ALTHOUGH I, DUMMIE BRUSH, COULD USE A KING THAT CAN CORRECT MY POSTS BY EDIT.

your naivete is stunning.

DUmmie brush is bigoted against Naive Americans.

those on unemployment at lease aren't going to starve.

Those on unemployment at rent, however . . . that's a different story.

[wasp69]

SHRED (9,738 posts)
3. More pork for the pigs

Meanwhile we will see less take home pay and Obama will be blamed.

He wanted it, he'll sign it, he can now

[IassaFTots]

I think Dave might be on to something.

Wed Jan 2, 2013, 10:51 PM

DiverDave (3,591 posts)

They WILL get GIVE the SS money, mark my words.

...With the Presidents help.
We are screwed.
Wake up.
Naivete, look in the mirror smarty pants.....

It's all about spacing, and emphasis. 

[Airwolf]

But ithought it was the moral thing to do to make you pay those higher taxes you evil 1% over at DU? Well I guess you can either own it or you can do what they used to say on the WWE's RAW.

[youtube=425,350]http://www.youtube.com/watch?v=DpiNBiF8Ylc[/youtube]

[USA4ME]

DiverDave

Schools should be palaces. The competition for the best teachers should be fierce. They should be making six-figure salaries. Schools should be incredibly expensive for government and absolutely free of charge to its citizens, just like national defense.

Schools that are palaces?  A liberal advancing the notion of competition being good? Teachers making 6 figure salaries?  Schools that are incredibly expensive for gov't?

Ah, not to worry.  As citizens we get it for free.

Brilliant!!

brush

You don't ever get everything you want unless you are the dictator in a dictatorship.

Yeah.  Because that being a dictator who was not in a dictatorship was tried, and it just wasn't what it was cracked up to be.

Ladies and germs, the liberals best and brightest on parade.

.