Senate will delay action on bonuses tax , not to mention Geithner and the President himself are backtracking on the House action.
The arguments about breaking contracts between employers and employees is bogus. If it had meaning, my real estate tax increases could not cut my raise in half. The retroactive tax argument is bogus. A bonus paid in 2009 is current year taxable earning. The argument that it is not constitutional is the biggest crock of them all. Cigarette taxes, liquor taxes, skims from lotteries are all punitive taxes, and legit. And lets just wait until carbon credits roll, which will be the biggest social engineering tax of them all. These are all Wall Street arguments floated to save their bonuses!
Are we finally seeing tranparency? Is it transparent now the Congress and the Administration listen to and work for Wall Street, first and foremost? If they work for all Americans, then they should act on all our behalf. The House did, this time!
Hi All,
Here is a link to my article on "Open (transparent) government. It runs two pages at the helium site so I am not blogging the article itself.
Loveya,
Duane Kuehn
http://www.helium.com/items/1062022-elections-2008-candidates-missing-opportunity-connect-voters-open-government
Washington Post on McCain Tax Disclosure: "IT WON'T DO."
"For a candidate who puts a premium on transparency and ethics, John McCain has been slow and grudging in releasing tax information. He did not commit to doing so until after he had secured the nomination, and then he disclosed only two years of taxes, far less than his Democratic rivals. Mr. McCain's wife, the heir to a liquor and beer distributorship, declined to release her returns, citing -- as Ms. Heinz Kerry did -- her children's privacy. Releasing tax information entails intrusion, but, as we wrote four years ago, presidential candidates and their spouses 'relinquish a significant measure of privacy. Meanwhile, tax returns provide information not contained in financial disclosure forms, such as charitable contributions and the use of tax shelters.' For Mrs. McCain to say, as she did on NBC's "Today" show this week, that she would never release her tax returns, not even if she were to become first lady, is unacceptable. 'This is a privacy issue,' she said. 'My husband is the candidate.'"
[Editorial, Washington Post, 5/14/08:
http://www.washingtonpost.com/wp-dyn/content/article/2008/05/13/AR200805
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Washington Times Editorial: Blasts "Cindy McCain's 'privacy' charade."
"Cindy McCain refuses to release her tax returns. This is not just a questionable political decision that threatens to haunt her husband's campaign for the next six months. It is also the wrong decision. Mrs. McCain needs to change her mind and release the returns as quickly as possible. How Republican John McCain, the presumptive presidential nominee who rightly fancies himself the king of transparency on Capitol Hill, and his campaign strategists can permit this open sore to fester is unimaginable. As the chairman of the Anheuser-Busch distributorship Hensley & Co., which her father founded, Mrs. McCain is an heiress whose income and assets will directly benefit from the tax policies espoused by her husband. Mr. McCain would also benefit. Taxpayers and voters are entitled to know how much these benefits will be."
[Editorial, Washington Times, 5/14/08:
http://washingtontimes.com/article/20080514/EDITORIAL/702074707/1013]