Don Does It Again
Whatever you think of Mitch McConnell, thank him for stopping a 54 billion dollar tax increase.
From the AP: “Democrats in both the House and Senate are proposing to raise some $54 billion by preventing hedge fund managers and others from deferring certain overseas profits and by delaying a tax break that multinationals are slated to receive in the coming years.â€
Here’s an idea: Reduce capital gains taxes and personal income taxes so that it is not worth the bother for people like Bill Clinton and his wife, Al Gore and his wife, and John Edwards and his wife to move their money overseas.
Of course, that would cost Chelsea Clinton her job as a hedge-fund flunky.
But this is where he nails it to the wall:
Reported AP: “The legislation contains some $17 billion in tax credits to help industries develop renewable energy sources including wind, solar, biomass, geothermal and plug-in electric vehicles, as well as to promote energy conservation in commercial buildings.â€
If this stuff were viable, businesses would be doing it without welfare from the government.
Hey Don, is the AP going to try to sue you?
rightwingprof :: Jun.18.2008 :: Idjits, Wackjobs :: No Comments »
