Warm Southern Breeze

"… there is no such thing as nothing."

Posts Tagged ‘tax’

A Better Argument For Alabama #ALpolitics To Legalize, Regulate & Tax Marijuana

Posted by Warm Southern Breeze on Saturday, February 27, 2016

Recently, on February 23, 2016, AL.com published an OpEd entitled “Would legalizing cannabis solve Alabama’s budget problems?” written by Reggie C. Pulliam, whom was identified as “a resident of Gulf Shores who has worked on public policy and criminal justice reform in Washington, D.C.”

I found his Op-Ed unconvincing because it’s poorly written.

The Colorado Department of Revenue reported that for December 2015 (State of Colorado Marijuana Taxes, Licenses, and Fees Transfers and Distribution December 2015 Sales Reported in January 2016), Total All Marijuana Taxes, Licenses, and Fees was $13,247,434.

The year-to-date increase was $4,689,293.

Based upon the December figure, on an annualized basis, that’s $158,969,208… which is not exactly chump change.
(See “Alabama Senate Approves Shifting $100 Million Away From Schools” published September 15, 2015.)

Linked here is the Colorado Department of Revenue’s Colorado Marijuana Tax Data.

Figuring into the state cost : benefit analysis & calculations also is a decrease in costs associated with Read the rest of this entry »

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A Simple Solution to America’s Gun & Mass Shooting Problems

Posted by Warm Southern Breeze on Thursday, August 27, 2015

MAC M11 32cap mag & supressor

The Ingram MAC-11 (Military Armament Corporation Model 11), a defunct American small arms manufacturer, made this subcompact machine pistol developed during the 1970s. Shown here with 32-round capacity magazine, and suppressor.
Weight: 1.59 kg (3.50 lbs)
Length: 248 mm (9.76 in/20.90 in)
Barrel length: 129 mm
Cartridge: .380 ACP
Caliber: 9mm
Action: Straight Blowback
Rate of fire: 1200 /min
Muzzle velocity: 980 ft/s
Effective firing range: 50 m

There’s little debate of any significance about the problem of firearms in the hands of those who use them to commit heinous acts. This year alone, to date (as of this entry 27 August, the 239th day of 2015) there have been there have been:
248 Mass Shootings, with
313 Dead &
926 Wounded.

One only need type in ‘mass shootings’ in any search engine to find literally thousands upon thousands of news items, complete with details about this uniquely American problem. There is, however, significant and legitimate debate about how to ameliorate and stem the growing problem.

Some say no laws are needed, that LEOs (Law Enforcement Officers) need to enforce current laws. Others say outlaw guns completely. Somewhere, there is a “happy middle ground” of compromise to be found that protects our law-abiding citizens’ 2d Amendment Rights, and protects the innocent from miscreant would-be murderers and assailants.

I have a rather simple solution
to the

gun / mass shooting problem.

Read the rest of this entry »

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Strain A Gnat, Swallow A Camel: How the Church has ignored Christian Principles to their peril

Posted by Warm Southern Breeze on Thursday, August 20, 2015

In 9 Sins the Church Is Okay With, Frank Powell asks “Are we changing the Bible to fit our culture or are we changing our culture to fit the Bible?”

“What if the big sins, you know the ones you try hardest to avoid, aren’t the greatest threat to your joy and the church’s mission?

“Maybe it’s the sins lying underneath, the ones considered normal or acceptable, the ones going undetected, that are affecting the church the most.”

His questions are, of course, spot on.

In fact, one could hardly argue with the evidence which consists of vast, tax-free empires built upon the backs of the faithful by the likes of:
Joel Osteen (USA) Net Worth $40 Million;
Robert Tilton (USA) Net Worth $830 Million;
Benny Hinn (USA) Net Worth $42 Million;
Joyce Meyer (USA) Net Worth $8 Million;
Kenneth Copeland (USA) Net Worth UNKNOWN (has claimed he’s a billionaire, no such public records exist documenting his claim);
Creflo Dollar (USA) Net Worth $27 Million;
Eddie Long (USA) Net Worth $5 Million;
Randy & Paula White (USA) Net Worth $2 Million;
Joseph Prince (Singapore) Net Worth $5 Million;
Chris Okotie (Nigeria) Net Worth $10 Million;
Matthew Ashimolowo of Nigeria Net Worth $10 Million;
T.B. Joshua (Nigeria) Net Worth $15 Million;
T. D. Jakes (USA) Net Worth $18 Million;
Paul (late) & Jan Crouch (USA) Net Worth (estimated TBN $1 Billion+);
Chris Oyakhilome (Nigeria) Net Worth $50 Million;
David Oyedepo (Nigeria) Net worth: $150 Million.

Obviously, their “prosperity gospel” message is working quite well for them.

For others, no so much.

And that’d probably cover Avarice, Hubris, and Boasting – or, if you prefer, Greed, Extravagance, and Pride.

But there again, our nation’s laws actually encourage greed through religion by not taxing churches. In fact, John Oliver recently pointed out that “U.S. tax law allows television preachers to get away with Read the rest of this entry »

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Analysis – Examining the Record: Is Alabama Governor Bentley a “Jobs Creator” or a Drag on the State Economy?

Posted by Warm Southern Breeze on Saturday, April 12, 2014

When campaigning for the office of Alabama’s Governor, Robert Bentley – a retired dermatologist physician who at the time was an elected representative from Tuscaloosa County – promised if elected governor that, “I will forgo a salary as state representative for the rest of my term and will not accept a salary as Governor until Alabama reaches full employment.”
ref: http://blog.al.com/spotnews/2010/06/robert_bentley_extends_no-sala.html

When pressed on the matter, he later defined “full employment” as having state unemployment somewhere around 5%. It is a promise to which, as of the date of this entry – 12 April 2014 – he has kept. In other words, Alabama has NOT reached “full employment,” and he has not been paid a salary. He has, however, been compensated for out-of-pocket expenses (the governor’s office has a budget, so why would he personally have any such expenses for work in an official capacity?), though he has received – as legislator, a legally-mandated $1.00 per month salary. Since his election to the governorship, he has not received a salary.

Let’s examine Governor Bentley‘s employment record.

During Governor Robert Bentley’s watch, International Paper – the large paper mill formerly known as Champion Paper, in Courtland, and the largest employer in Lawrence County – closed and cost the area economy & state 1100 jobs. Those jobs were Read the rest of this entry »

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Offshoring American Enterprise: Good, Bad, or Indifferent?

Posted by Warm Southern Breeze on Saturday, August 24, 2013

I may step on a few toes with my next remark, but I can always apologize, and ask forgiveness if it so be the case that my remarks are found offensive.

However, suffice it to say, that our nation’s Congress, has, for at least the past 20 years, or so – and even moreso in the past decade plus – embarked upon a very Read the rest of this entry »

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Remarks by President Barack Obama at Chattanooga, Tennessee’s Amazon Distribution Center on Jobs for the Middle Class, 07/30/13

Posted by Warm Southern Breeze on Tuesday, July 30, 2013

The White House

Office of the Press Secretary

July 30, 2013

Remarks by the President on Jobs for the Middle Class, 07/30/13

Amazon Chattanooga Fulfillment Center
Chattanooga, Tennessee

2:00 P.M. EDT

THE PRESIDENT:  Hello, Chattanooga!  (Applause.)  It is good to be back in Tennessee.  (Applause.)  It’s great to be here at Amazon.  (Applause.)

I want to thank Lydia for the introduction and sharing her story.  Give Lydia a big round of applause.  (Applause.)  So this is something here.  I just finished getting a tour of just one little corner of this massive facility — size of 28 football fields.  Last year, during the busiest day of the Christmas rush, customers around the world ordered more than 300 items from Amazon every second, and a lot of those traveled through this building.  So this is kind of like the North Pole of the south right here.  (Applause.)  Got a bunch of good-looking elves here.

Before we start, I want to recognize your general manager, Mike Thomas.  (Applause.)  My tour guide and your vice president, Dave Clark.  (Applause.)  You’ve got the Mayor of Chattanooga, Andy Berke.  (Applause.)  And you’ve got one of the finest gentlemen I know, your Congressman, Jim Cooper.  (Applause.)  So thank you all for being here.

So I’ve come here today to talk a little more about something I was discussing last week, and that’s what we need to do as a country to secure a better bargain for the middle class -– a national strategy to make sure that every single person who’s willing to work hard in this country has a chance to succeed in the 21st century economy.  (Applause.)

Now, you heard from Lydia, so you know — because many of you went through it — over the past four and a half years, we’ve been fighting our way back from the worst recession since the Great Depression, and it cost millions of Americans their jobs and their homes and their savings.  And part of what it did is it laid bare the long-term erosion that’s been happening when it comes to middle-class security.

But because the American people are resilient, we bounced back.  Together, we’ve righted the ship.  We took on a broken health care system.  We invested in new American technologies to reverse our addiction to foreign oil.  Changed a tax code that had become tilted too much in favor of the wealthy at the expense of working families.  Saved the auto industry, and thanks to GM and the UAW working together, we’re bringing jobs back here to America, including 1,800 autoworkers in Spring Hill.  (Applause.)  1,800 workers in Spring Hill are on the job today where a plant was once closed.

Today, our businesses have created 7.2 million new jobs over the last 40 months.  This year, we’re off to our best private-sector jobs growth since 1999.  We now sell more products made in America to the rest of the world than ever before.  (Applause.)  We produce more renewable energy than ever.  We produce more natural gas than anybody else in the world.  (Applause.)  Health care costs are growing at the slowest rate in 50 years.  Our deficits are falling at the fastest rate in 60 years.  (Applause.)

So thanks to hardworking folks like you, thanks to the grit and resilience of the American people, we’ve been able to clear away some of the rubble from the financial crisis.  We’ve started to lay a new foundation for a stronger, more durable America — the kind of economic growth that’s broad-based, the foundation required to make this century another American century.

But as I said last week, and as any middle-class family will tell you, we’re not there yet.  Even before the financial crisis hit, we were going through a decade where a few at the top were doing better and better, but most families were working harder and harder just to get by.  And reversing that trend should be Washington’s highest priority.  (Applause.)  It’s my highest priority.

But so far, for most of this year, we’ve seen Read the rest of this entry »

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Alabama’s Quandary: Nur$ing Homes, or Home Care?

Posted by Warm Southern Breeze on Friday, October 5, 2012

It’s almost like trying to patch a roof while it’s leaking.

October 04, 2012

This Week in Alabama Politics

By Steve Flowers
It is basic public policy that you either have to raise taxes or reduce government services. It has become a cardinal sin in Republican politics to even say the word tax much less enact any increase in revenue. Our legislature is now overwhelmingly Republican and they are real Republicans. They take their no new tax pledge seriously as does our Republican governor. Therefore, when the dicing and crafting of the 2013 budget was being processed, new revenue enhancement measures were not on the table. It is doubtful that you will see any tax increase proposals anytime soon in the Heart of Dixie.

The state’s new budget year begins this week. It will be horrendous. There are draconian cuts to basic state services. Alabama has a constitutional amendment that mandates a balanced budget. We are in dire straits but at least we are not deficit spending like other states. California is teetering on bankruptcy.

This past year’s budget was bad. Teachers and state employees pay was cut this time last year. However, if you think that last year was bad, you ain’t seen nothing yet. This is the year that the chickens have finally come home to roost. The federal stimulus manna from Heaven has provided a lifeline salvation for several years but those dollars are gone. This fiscal year may well be the worst dilemma since the Great Depression.

My contention is that it is worse than the Depression years. During that era the state Read the rest of this entry »

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Necessary but Not Sufficient: Why Taxing the Wealthy Can’t Fix the Deficit

Posted by Warm Southern Breeze on Thursday, October 4, 2012

NOW OR NEVER | SEPTEMBER 2012

Necessary but Not Sufficient:
Why Taxing the Wealthy Can’t Fix the Deficit

By David Brown, Gabe Horwitz, and David Kendall

In this paper we shatter the myth that taxes on the wealthy can come close to solving our long-term budget problem. We readily acknowledge that raising taxes on top earners is necessary, but it is not sufficient to solve the looming fiscal crisis. And we make clear that if entitlements are left on autopilot, burdensome middle class tax hikes become inevitable.

Even a 50% tax rate on the wealthy can’t fix the deficit.
Even 50% taxe rate on wealthy can't fix deficitThis is the first in a pair of papers that demonstrate that purely ideological fixes will not sufficiently address our fiscal issues. Our other report, Death by a Thousand Cuts: Why Spending Cuts Alone Won’t Fix the Deficit, proves that a cuts-only strategy cannot solve our budget woes without severely compromising our safety, security, and economic growth. Together, these papers make the case that a big and balanced fiscal package is the preferred way to avoid the fiscal cliff, prevent deficits from exploding in the future, and allow our economy to grow.

To stabilize the debt and create a positive economic climate for U.S. growth, most mainstream economists agree that annual deficits must be reduced to 3% of GDP. The question is: how do we get there?

In order to demonstrate that taxes alone cannot solve our budget woes, we explore three budget scenarios, all of which rely solely on Read the rest of this entry »

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Economic Research: The Dismal Science finds poverty & inequality greater in U.S.

Posted by Warm Southern Breeze on Thursday, October 4, 2012

Poverty, inequality and redistribution

Focus

Jan 17th 2012, 20:27 by The Economist online

Poverty inequality & redistribution 20120121_WOC400 Governments can reduce poverty and inequality through taxes and cash transfers. Successful programmes such as Progresa-Oportunidades in Mexico and Bolsa Família in Brazil have helped reduce poverty and inequality in the last couple of decades, but compared with rich countries, Latin American countries still fall short. According to a new report by the OECD, a club of mostly rich countries, Chile is Read the rest of this entry »

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Do We Now Know Enough About Mitt Romney’s Taxes?

Posted by Warm Southern Breeze on Friday, September 28, 2012

MAKING SEN$E — September 28, 2012 at 5:04 PM EST

Do We Now Know Enough About Mitt Romney’s Taxes?

By: Paul Solman

US Republican presidential candidate Mitt Romney speaks at a town hall meeting at Central High School in Grand Junction, Colorado, on July 10, 2012, where he said he has ‘nothing hidden’ in his taxes. Photo by: Nicholas Kamm/AFP/Getty Images

It’s hard enough to figure out my own taxes every year without having to worry about Mitt Romney’s. But because the issue of Romney’s taxes has come to loom so large, I thought I’d better get some professional advice. So I sought out a friend, estate planning lawyer Matthew Berlin, who has modest clients like me as well as the high and well-heeled, some of them with assets abroad. I asked him if we now knew all we need to know, at least with respect to the tax returns Mitt Romney has disclosed publicly.

No, said Matthew. There are a host of questions that any inquiring tax attorney or journalist might ask. Without them, a true picture of Romney’s finances would be impossible. So I asked Matthew if he wouldn’t share the questions with us. Here they are: Read the rest of this entry »

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Guess what? Mitt Romney STILL pays a lower tax rate than you… you 47% slob.

Posted by Warm Southern Breeze on Saturday, September 22, 2012

You sleazebag, free-loading, dirtbag, entitlement-minded, mamby-pamby, wussified, two-bit, grifter…

No, not you, dear reader.

Mitt Romney.

Romney paid $1.9 million in 2011 taxes

Washington Post
Published 11:13 p.m., Friday, September 21, 2012, By , and

Mitt Romney paid $1.9 million in taxes on $13.69 million in income in 2011, most of it from his investments, for an effective rate of 14.1 percent, according to hundreds of pages he released Friday in a move to quiet political controversy over his personal finances.

Wall Street Crap Shoot - h

Wall Street Crap Shoot – h (Photo credit: SouthernBreeze)

The Republican presidential nominee could have paid less in taxes, but he engineered his 2011 returns to Read the rest of this entry »

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Meet the real “Welfare Mothers.”

Posted by Warm Southern Breeze on Thursday, September 20, 2012

Courtesy of the Wall Street Journal, the real “Welfare Mothers” are found to be…

Over Two-Thirds Of Corporations Pay No Federal Corporate Income Tax

First Posted: 01/10/12 01:03 PM ET Updated: 01/10/12 06:17 PM ET

At a time when the federal government is starved for cash — and facing layoffs and cuts in services across the board — more and more corporations are sidestepping their traditional tax rate and keeping millions of dollars for themselves.

The number of U.S. corporations structuring their businesses in such a way that they can avoid higher taxes has skyrocketed in the past quarter century, The Wall Street Journal reports.

In 1986, about 24 percent of corporations were what’s known as nontaxable businesses — meaning the companies themselves pay no federal income taxes — instead passing on the earnings to individual investors to pay taxes on. By 2008, these businesses accounted for about 69 percent of all corporations, a designation that can save companies hundreds of millions of dollars in a single year

Advocates for the business community have expressed frustration with the country’s 35 percent corporate income tax rate, calling it unreasonably high. In practice, though, it’s common for big businesses to pay much less, thanks to a cornucopia of tax-code loopholes and exemptions won by lobbyists.

The issue of corporate tax participation has become especially pressing in recent years, as the country struggles to manage its ballooning deficits. Corporate taxes for non-financial companies have fallen more than 13 percent since 2007, according to Bloomberg. At the same time, the national debt grew to $15.23 trillion from $9.13 trillion — a number larger than the economy itself.

According to a recent analysis of nearly 300 Fortune 500 companies by the Citizens for Tax Justice, the average company was paying just 18.3 percent in taxes — a little more than half the official rate. And by using techniques like industry subsidies, stock option packages, and moving assets overseas where they can’t be taxed, 30 companies mentioned in the report — including Wells Fargo, Verizon, Boeing and General Electric — didn’t pay a cent in federal taxes in 2008, 2009 or 2010, the report found.
The phenomenon affects state income taxes as well as federal. Last month, another study from the Center for Tax Justice found that corporate tax avoidance had cost states a combined $42.7 billion between 2008 and 2010 — a period when budget shortfalls forced states to cut spending for health care, public schools and care for the elderly and disabled.

http://www.huffingtonpost.com/2012/01/10/corporations-pay-no-tax_n_1196875.html

More Firms Enjoy Tax-Free Status

January 10, 2012
By JOHN D. MCKINNON

StoneMor Partners LP, the publicly traded firm that specializes in running cemeteries, expects to see handsome profits in coming years as baby boomers age and die. But unlike its largest rivals, its corporate tax bill from the federal government will be zero. On the Hike Corporate Taxes

StoneMor is among the many businesses organized so they don’t pay a penny in federal corporate income tax. And yet such firms don’t employ an army of accountants to shield profits in complex tax shelters. Their enviable tax position is perfectly legal and has been encouraged by Congress and state governments. Known as Read the rest of this entry »

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Taxpayers’ $182B TARP bailout of AIG Now Fully Recovered

Posted by Warm Southern Breeze on Tuesday, September 11, 2012

As the president and others – nonpartisan and partisan alike – have noted, BIG BUSINESS should NOT need a bailout. They should be operated in such a manner as to allow the Free Market to decide how, to what extent, and if they prosper. As part of that process, ironclad and strong regulation to prevent fraud and abuse should be vigorously enforced. And chief executives Read the rest of this entry »

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IRS pays whistleblower $104 Million for exposing wealthy tax cheats

Posted by Warm Southern Breeze on Tuesday, September 11, 2012

English: United States Internal Revenue Servic...

United States Internal Revenue Service, Criminal Investigation Special Agent badge

To know the truth is good, even though what may be revealed might not be good.

The über-wealthy & super-rich can run, but they cannot hide.

If anything, this perfectly illustrates the need for strong regulation.

IRS pays whistleblower $104 million

By STEPHEN OHLEMACHER

— Sep. 11 10:58 AM EDT

WASHINGTON (AP) — Lawyers for a whistleblower say the Internal Revenue Service has awarded their client $104 million for providing information about overseas tax cheats — the largest amount ever awarded by the agency.

Ex-Swiss banker Bradley Birkenfeld is credited with exposing widespread tax evasion at Swiss bank UBS AG. Birkenfeld himself Read the rest of this entry »

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Govenor Bentley begs, borrows or steals. -OR- What’s it like living in Alabama? Ever been continuously anally gang-raped?

Posted by Warm Southern Breeze on Wednesday, August 29, 2012

Not only does Governor Bentley send another man out to do his work, but he steadfastly refuses to do the right thing.

And the Huntsville Times REFUSES to cover Dr. Don Williamson’s stumping-for-the-governor’s “Let me borrow-nearly-a-half-BILLION-dollars-without-a-repayment-plan” appearance at City Hall.

Remember: Whatever you do,

• DO NOT increase tax rates on the wealthiest Alabamians, who already pay a lower rate than the impoverished – who also pay the 3d highest tax rate in the USA (why, even former Republican Governor Bob Riley called for tax change saying, “It is immoral to charge somebody making $5,000 an income tax.”);

• DO NOT increase property tax rates on corporate timber landowners who pay a lower rate than homeowners – who already pay 66% less than the national average;

• DO NOT increase severance tax rates on big oil & gas companies who are extracting those natural resources from under Alabama soil; and for goodness sake, whatever you do,

• DO NOT stop earmarking 9 out of every $10 of state tax revenue. God – and Governing Magazine – knows that our 50th place rank among our nation’s 50 states for fiscal management is as best as the whole state of retards can do.

Face it, folks. Alabama continues to be anally gang-raped by dogdamn retards, who call themselves “politicians.”

And, sadly enough, we apparently like it.

Medicaid crisis if Sept. 18 vote fails, state’s chief medical officer says

Written by Bob Johnson, Associated Press
3:11 AM, Aug. 27, 2012

Dr. Don Williamson AL State Health Officer

Dr. Don Williamson, State Health Officer with the Alabama Department of Public Health, announces an emergency ruling that two dangerous chemicals marketed as ‘bath salts’ are being added to the Alabama Controlled Substances List during a press conference in Montgomery, Ala., on Tuesday, Feb. 22, 2011. (Montgomery Advertiser, Lloyd Gallman) / Advertiser file

Alabama’s chief public health official said Medicaid will be in deep trouble if voters do not approve a Sept. 18 referendum to take more than $437 million from a state trust fund and use it to prevent huge cuts in spending on state programs for three years.

The constitutional amendment, if approved by voters, would take $145.8 million a year for three years out of the Alabama Trust Fund to help balance the budget during a time when tax collections are expected to see little growth.

Some critics say the Alabama Trust Fund was initially set up more than 30 years ago to prevent state officials from raiding oil and gas revenue every time the state has a funding crisis.

State Health Officer Don Williamson, who is temporarily overseeing funding for Alabama’s health care program for the poor, said without receiving money from the trust fund the Medicaid program would be $100 million in the red.

He said this could jeopardize programs that provide medicine for poor patients, reduce payments for doctors who treat Medicaid patients, send more poor patients to emergency rooms and eliminate optional Medicaid programs such as providing life-saving dialysis treatment.

“These are life-threatening choices,” Williamson said.

Williamson told The Associated Press that Read the rest of this entry »

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American tax code promotes outsourcing. Mitt Romney’s jobs plan would exploit that weakness.

Posted by Warm Southern Breeze on Monday, July 16, 2012

The Center for American Progress is a public policy think-tank which was created by John Podesta in 2003 as an alternative to right-wing extremist think tanks such as the Heritage Foundation and the American Enterprise Institute.

You can skip the article to the conclusion, but then, if you did, you’d miss out on the rationale… which is the significant point.

Yes, there are changes to American tax policy which need to be re-examined, particularly and especially those which do not offer competitive, fair or just incentives for a win-win-win for American enterprise, the American worker, and the American economy as a whole. However, the rules that have skewed the advantage to Big Business to the exclusion of the benefit of all of America and her citizens should be re-examined and modified or eliminated as necessary.

Time and time again, history has shown that when our nation has had high personal income tax rates, our nation has prospered significantly. That’s but one proof positive that should no longer be a “sacred cow” for any political party.

Further, the “starve the monster” philosophy which has, in large part, guided the modern Republican party, even spawning the modern radical TEA Party element, is a significant departure from reality. The reason why is simple: 100 years ago, we didn’t have space travel, the Internet, computers, cell phones, the Interstate highway system and so many, many, many more things that we have now. It’s ludicrous – bordering on the insane – to imagine that as these new inventions and innovations have proliferated (themselves signs of American ingenuity & enterprise), that there would be fewer rules and regulations associated with them. The concept is really quite simple. For example, when families have more children, there are more rules to govern their actions & behaviors. It’s analogous also to saying that, as an adult, one would wear smaller clothing as an adult, then as they did when in their infancy. It’s so preposterously ludicrous as to be insane – a genuine divorce from reality.

Romney’s New Tax Incentive for Outsourcing U.S. Jobs

How Romney’s Plan Would Reward Foreign Outsourcing

Mitt Romney hanlon_outsourcing_onpage

Gov. Romney presents his plan for creating jobs and improving the economy during a speech Tuesday, Sept. 6, 2011, in Las Vegas. His argument that we must exempt the overseas profits of American companies from U.S. taxes to make them more competitive in a global economy doesn’t hold up. SOURCE: AP/ Julie Jacobson

By Seth Hanlon | July 16, 2012
Download this issue brief (pdf)

The Washington Post recently reported that some of the companies Mitt Romney’s firm Bain Capital invested in were “pioneers in the practice of shipping work from the United States to overseas call centers and factories.” Even more troubling than his business record is his platform as Republican presidential candidate, which includes a policy that would encourage and further accelerate the outsourcing of American jobs to foreign countries.

The former Massachusetts governor would make U.S. corporations’ overseas profits exempt from U.S. taxes. These profits are already treated favorably under the tax code compared to corporate profits that are earned and reported domestically, creating an inefficient bias toward investment offshore. The favorable treatment of profits that are reported offshore also creates rewards for corporations that shift profits (on paper) out of the United States to foreign countries, including tax havens such as Bermuda and the Cayman Islands.

Romney’s proposed exemption for foreign profits would exacerbate the worst features of our current tax system. It would: Read the rest of this entry »

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Weather Extremes Not Just in United States

Posted by Warm Southern Breeze on Sunday, July 8, 2012

Here is Wisdom.

(Either that, or pragmatism.)

If there is nothing humans can to to lessen the severity or frequency of these, and other extreme weather events, then the very least that should be done is to significantly improve infrastructure to more effectively manage them, and to mitigate potential for damage.

And that is spelled I – N – F – R – A – S – T – R – U – C – T – U – R – E.

What’s “infrastructure”?

A definition of infrastructure from the New Oxford American Dictionary: “the basic physical and Read the rest of this entry »

Posted in - My Hometown is the sweetest place I know, - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

Stay-at-home-mom Ann Romney’s tax deductions for her dressage horse exceeded the average American Median Income

Posted by Warm Southern Breeze on Monday, June 18, 2012

Ann Romney's horse deductions

Is this not a prime example of how “We the People…” should require higher tax rates of the über wealthy?

I mean, really… they get a deduction of $77,000 for their f*ing horse?!

C’mon, people!

What’s wrong with this picture!?!

Out of touch with reality, or out of touch with reality?

Hey!

I know!

Mitt says “job one is creating jobs in America.”

Since Mitt & Ann get those rich-folk tax breaks, that makes him a “job creator.”

So maybe you can work in one of Mitt’s horse barns!

You plebian slob.

Romney Horse Wins Spot on Olympic Dressage Team

June 16, 2012
By

GLADSTONE, N.J. — Mitt Romney and his wife, Ann, who plan to attend the opening of the Olympic Games in London this summer, now have a personal rooting interest in the event.

Jan Ebeling, Mrs. Romney’s longtime riding tutor, and his horse Rafalca, co-owned by Mrs. Romney, Read the rest of this entry »

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Booze News You Can Use: Cullman, Alabama city officials delighted with alcohol tax revenue

Posted by Warm Southern Breeze on Tuesday, June 5, 2012

For many years, Cullman, Alabama – a tiny town in Central North Alabama, founded by German immigrants in 1873 – had been “dry,” which is to say that there were no legal sales of beverage alcohol in the city.

In fact, the city had been dry for nearly half its existence, having experienced “wet” and dry periods aside even, from national Prohibition.

There had been various referendums in 2004, 2002, 1992, 1990, 1986 and 1984, with the closest vote in 1984, when alcohol sales were voted down by a mere 159 votes.

Cullman had also been the butt of national jokes & mockery because it had the only dry Oktoberfest in the United States. That all changed in 2011, and for the 30th celebration of Oktoberfest that year, celebrants were able to legally sell & enjoy the consumption of beer, wine & liquor.

What is particularly fascinating about this entire ordeal – local prohibition in small-town Alabama – is that it is representative of Read the rest of this entry »

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