Mention raising taxes to gain more revenues and help settle us down, then watch the GOP go over the cliff themselves grabbing each other on the way down to lessen the impact. It's not the fall, folks that hurts; it's the sudden stop.
Conversely, try and cut back or cut off Corporate "gifts" like those for big gas/oil/and energy (subsidies) and well ... watch the GOP heads explode. Those areas are hands off for the GOP who loves government subsidies, right Mr. and Mrs. Gee Old Pee?
So, what's wrong with that picture?? Examples:
1. House Budget Committee Chairman Paul Ryan’s (R-WI) proposed FY 2013 budget resolution would retain a decade’s worth of oil tax breaks worth $40 billion for companies such as Exxon.
2. At tax time, Corporations enjoy better treatment than ordinary folks. Some major corporations won't pay a dime despite reaping record profits. From 2008 to 2010, for example, the 280 most profitable U.S. corporations sheltered half of their profits from taxes, thanks to tax subsidies totaling nearly $224 billion, according to a 2011 analysis by Citizens for Tax Justice. A dozen large companies, including Exxon-Mobil, Boeing, and General Electric, reaped $175 billion in profits, but their combined tax rate was negative 1.4 percent, thanks to $64 billion in subsidies from oil depletion allowances, write-offs from overseas profits, and other loopholes, according to the study.
It is a fact that entitlements (for people) are not the cause of our problems, but you can't tell the GOP that -- it's their new front on the war against the 47%, or as Ryan said, the 50%, the takers from the makers they say.
It must not happen. We can solve our problems by not climbing over or on the backs of the less fortunate.
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