Tag Archives: spending cuts for the poor and working-class

Eric Cantor is concerned about #OccupyWallStreet & #99percent mobs pitting ‘Americans against Americans’

Posted on by

“I for one am increasingly concerned about the growing mobs occupying Wall Street and the other cities across the country… Believe it or not, some in this town have actually condoned the pitting of Americans against Americans.” — Eric Cantor, Teaparty House Leader, Oct. 7, 2011

Because the Teaparty has never, never — no, never evah pitted Americans against Americans! *clutching pearls*

Images from Buzzfeed: What teabaggers signs say vs. what they mean:

Message to Cantor and the Teaparty: There is nothing comparable to the Teaparty’s “pitting of Americans against Americans” in the #OccupyWallStreet movement. Not only do both sides NOT do it, but #99percent actually INCLUDES the dipshits with the signs above.

Video:

GOP: let’s give multinationals billions in permanent tax breaks — and not vote on a jobs bill for the #99percent

Posted on by

These Teaparty shitheads are beyond the pale. From Think Progress:

[Tea Party Sen. Mike Lee (R-UT)] wants to gift multinational corporations with a permanent tax break worth tens of billions of dollars.

A slew of multinational corporations — even though they already pay exceedingly low taxes — have been pushing for the enactment of a tax repatriation holiday, which would allow them to bring money they have stashed overseas back to the U.S. at a tax rate dramatically lower than the statutory 35 percent. The corporations want a short window in which this low tax rate would apply. But Lee has decided that he would just go ahead and make the holiday permanent:

Today, Senator Mike Lee submitted legislation that would create millions of new jobs and inject $1 trillion into the American economy by significantly reducing the excessive tax on repatriated assets. Sen. Lee’s proposal would permanently lower the tax rate for businesses from 35% to 5% on money earned overseas and brought back to this country…Unlike recent repatriation “holidays,” which last a short period of time, Senator Lee’s bill would make the repatriation rate permanent.

It would create ‘millions of new jobs’? Really Mike Lee? Like all the jobs that were created in the past 10 years with Bush’s tax cuts for the wealthy or after that last tax holiday granted to the multinationals?

On top of Lee’s flagrantly ridiculous proposal to enrich highly profitable multinational corporations even more (at the expense of our nation’s treasury), is THE REFUSAL by Teaparty House Leader, Little Lord Cantor (R-VA) to even allow the House TO VOTE on Obama’s Jobs Bill:

Says Obama: “Yesterday, the Republican Majority Leader in Congress, Eric Cantor, said that right now, he won’t even let the jobs bill have a vote in the House of Representatives. He won’t even give it a vote. Well I’d like Mr. Cantor to come down here to Dallas and explain what in this jobs bill he doesn’t believe in. Does he not believe in rebuilding America’s roads and bridges? Does he not believe in tax breaks for small businesses, or efforts to help veterans?” (via: liberalsarecool)

So, yea. #OccupyWallStreet because the Republican party has lost it’s goddamned mind. Tax cuts for the wealthy + spending cuts for the rest of us isn’t going to cut it anymore.

Government Shutdown: Ideology over Deficit Reduction

Posted on by

Salon discusses the bottom line on the GOP’s H.R. 1 and “deficit reduction,” which is Tea-code for riders based on conservative ideology:

For many Democrats, these riders are non-starters. “I think when we begin to allow an ideological agenda that says, what we’re really trying to do in this budget is not make progress toward deficit reduction but intentionally target a few long-established programs that have demonstrated [benefits]…I wouldn’t stand for that,” Democratic Sen. Chris Coons told the FT. But among a large swath of the GOP – and not just its famously fractious freshmen – ideological hot-buttons like health-care or abortion are more important than the spending cuts themselves. Even the party’s pragmatists, who remember the wounds inflicted by the shutdowns of the Gingrich era, may be leery of cutting a deal that could lead to their own demise in 2012. To remind members of their promise to weed out weak-kneed compromisers, Tea Party activists – many of whom are nonplussed about the prospect of a shutdown — plan to rally outside the Capitol on Thursday.

Here are the values (riders) that the Republican-Teaparty are insisting must be approved.  Notice that if they didn’t insist on continuing the tax cuts for the wealthy and tax breaks for corporations that have made record profits, these riders wouldn’t be necessary — which is the point: the Republican-Teaparty politicians aren’t really worried about spending or a budget.

It’s the Conservative Ideology, Stupid!