Ten Years of Tax Cuts, Where Are The Jobs?

[thoughtone]

More tax cuts, less jobs, poorer poor, richer rich.

 

[Lamarr]

Peter Schiff finally got a chance to testify before Congress and told the lawmakers about some of the problems the country is facing.

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Schiff: We don't need more spending on education, we're spending too much and kids aren't getting educated. We need more on-the-job training. Unfortunately we have too many kids going to school on government grants...it's bid up the price into the stratosphere, and we have all these kids graduating with huge mortgages and no houses and no marketable skills.

Cummings: I am saddened by those comments.

Schiff: Well I am saddened by what those programs have done to our young people.

Schiff "I'm already paying almost half my income in taxes"

"Dr." Boushey: That's impossible"

Schiff: "You want to see my tax returns"

A few minutes later, he lays out how he pays 45% of his income in taxes before any property, sales, etc taxes.

Classic Schiff ! ! !

 

[SPECTRE1]

You think the government wants to regulate business, quit fucking up with the Madoffs, Enrons, Worldcoms, Tyco, mortgages, and other crappy business practices that cause the entire economy to collapse and put tax payer dollars on the line, and you wouldn't get regulation.

 

[Lamarr]

You think the government wants to regulate business, quit fucking up with the Madoffs, Enrons, Worldcoms, Tyco, mortgages, and other crappy business practices that cause the entire economy to collapse and put tax payer dollars on the line, and you wouldn't get regulation.

Govt should stop passing f*cked up legislation. The Commodities Futures Modernization Act created the Enron-loophole! Should I tell you how much we've benefited from NAFTA? Hell, if we can undo legislation of the last 30 years, we wouldn't need a stimulus

Back in December 2000, Congress passed and President Clinton signed into law the “Commodities Futures Modernization Act of 2000 [CFMA]”.

 

[thoughtone]

Schiff "I'm already paying almost half my income in taxes"

"Dr." Boushey: That's impossible"

Schiff: "You want to see my tax returns"

This Shit character should count his blessings. During the bad old days of the Republican President Dwight Eisenhower, he would have been paying 70% just on Federal Income Tax.

So Shit and his over compensated like have never had it so good as far as paying Federal Income Taxes. Of course they are not satisfied and their greedy selves want more.

Classic Thoughtone ! ! !


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[SPECTRE1]

Govt should stop passing f*cked up legislation. The Commodities Futures Modernization Act created the Enron-loophole! Should I tell you how much we've benefited from NAFTA? Hell, if we can undo legislation of the last 30 years, we wouldn't need a stimulus

If you look at most regulation on the books, you can trace its existence to something business did. The government most of the time doesn't create regulation to be proactive, it is usually a reaction to something that went out of whack.

Mortgage Fraud, Schemes- Consumer Protection Bureau, Bailouts

Depression - Glass Stegall

Enron, Tyco, Worldcom - Sarbanes Oxley, Regulation of Accounting Industry

All industry has to do is self-regulate itself, quit the scams and bad practices, and I guarantee you government won't step in with regulation.

 

[thoughtone]