What’s wrong with getting rid of corporate welfare?
I suggest they start first with tax breaks for GE.
Here they come! Once again Bambi plays a little golf and gets what he wants...
They can start with all the Obama tax breaks they passed and signed in to law for Hollywood.
It’s Republicans like Cornyn that make Governor Perry look good in Texas, even if he stinks by national standards.
It’s embarrassing to be in a state with a nearly two-thirds Republican majority in both branches of the legislature, a Republican governor, and not even be able to get a measely Sanctuary City bill passed (or even have the governor make more than a half-hearted attempt to get it passed).
...and did I mention our Texas version of the Dream Act that seems to be off limits to this governor also?
I favor eliminating all corporate welfare and treating ALL INCOME (including carried interest, dividends, municipal interest and capital gains) the same. I favor a level playing field without the special deals that are handed out often based upon economic status.
Why should a person being paid $250K in a risky job pay over twice the tax rate as a billionaire hedge fund manager compensated by carried interest?
Why are the banks allowed to carry forward indefinite tax losses at taxpayer expense when they were bailed out by we taxpayers? The system needs to eliminate special deals such as 15% tax on dividends.
The rubber is hitting the road and those that don’t pay their fair share are costing the rest of us.
I’m all for eliminating the tax loopholes and subsidies for shoving phoney-baloney alternative energy down our throats, and conspiring to double the cost of all energy in this country, impoverishing average Americans and enriching Al Gore the Warming Whore and every third-world dictator and communist thug there is. Give me back my damn money, Bozo!
In reading the entire article, eliminating ethanol subsidies was mentioned which most, if not all of us, would support. Same for the other “green energy” subsidies such as for solar and wind. But if he is talking about eliminating things like depreciation deductions for corporate aircraft and depletion allowances for oil companies, he is confirming that he is a genuine RINO.
Show the American people that you have some backbone and they will support you. Else get out of the way or be run over by the Tea Party conservative movement that has Congress in its crosshairs in 2012.
None of your description fits John Cornyn.
Eliminate the taxes on corporate profits (net) and charge a small percentage on GROSS earnings. Wipes out all the outfits like expensive restaurants, spas, and other business who can only exist due to corporate expense accounts. The corporations can still patronize these place, just not on the taxpayers’ dime.
(I know a couple of you are different, but) For the most part, you are all reacting like an emotional mob to the spin by the Houston Chronicle. You’re not doing your homework as you should as FReepers. In what universe do you live if you believe that a left-leaning rag is the least bit reliable???
If you want to know the truth - to see what Cornyn actually said about loopholes and subsidies that don’t make any sense like the ethanol subsidy and he talks about lowering the overall tax rates - and how the Chronicle falsely spun it - Fox has the video up http://video.foxnews.com/#/v/1036571582001/sen-cornyn-on-debt-talks/?playlist_id=87485