Saturday, October 23, 2004

Corporate giveaway?

Corporate tax bill. Now here goes the Republicans giving tax to the wealthy rich at our expense. It is tax giveaways that we will have to pay for in multiples thereof. It is like mortgaging a house. The original price for the house may be $100,000. By the time you have paid for this house you could end up paying 300,000 or more. Justification was that this would generate 200,000 new jobs. I ask where? Are we sure? In China or India, perhaps Mexico? Now why should we be giving money that we do not have away like Santa Clause to Alaskan Whalers, importers of ceiling fans, NASCAR track owners? We are using our nations credit card. Using give away programs to make our nation to go further into debt. The problem with debt is that you have to pay back the amount borrowed with interest, which will amount to multiples of what we borrowed. Now why are we paying a 10.1 billion to buy out tobacco farmers? Should not the Tobacco Industry be responsible for this expense? Why not have the Food and Drug regulate the Tobacco Industry. Has not the Tobacco Industry proven over the years that they cannot go unregulated? What is this? Denying overtime pay to workers. I know of a worker who has worked 80 hours per week with out getting overtime pay. What! A 42.6 billion tax relief for multinational companies. That I do not understand. Does this help export our wealth and jobs?
Now the clincher! This is to be paid by 136 billion in tax loopholes and shelters. Why did not our Senators close these loopholes and apply 136 billion to our nations debt? Are we sure that this will cover the cost? Not likely! Why did we have these loopholes in the first place?
It seems to me that we will be paying multiples thereof for this give away in the future. Again explain to me why we are giving away money that we do not have? Is this related to the election?

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