Looking to recess in time for some electioneering, the House and Senate both pass a pork-swollen corporate tax measure by comfortable margins. “[C]ritics — including budget watchdogs, liberal activists and Treasury Secretary John W. Snow — decried what they saw as a cornucopia of special-interest tax cuts that would complicate the tax code, favor companies doing business overseas and ultimately worsen the budget deficit. Sen. John McCain (R-Ariz.) pronounced it ‘disgraceful’ and ‘a classic example of the special interests prevailing over the people’s interest.'”
Tag: Tax Shelters
Gimme Shelter.
True to form, “House Republicans are working to eliminate or dilute provisions in a new corporate tax bill aimed at cracking down on illegal shelters.” This despite the fact that a “study last week by Citizens for Tax Justice, a liberal research organization, reported that 82 of the nation’s most profitable companies paid no corporate taxes in at least one of the last three years.” Say what they will about Dubyanomics, it is patently obvious once again that the Republican Party does not represent the best interests of you, I, or the vast majority of this nation. Vote ’em out, already.