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Trumka:Obama Budget Falls Short on Corporate Tax Reform, Infrastructure
AFL-CIO ^ | 2/03/2015 | AFL-CIO

Posted on 02/03/2015 2:50:54 PM PST by mdittmar

AFL-CIO President Richard Trumka released the following statement on President Barack Obama’s fiscal year 2016 budget proposal:

In the State of the Union, President Obama forcefully advocated for working families and the bold actions we need to create an economy that truly works for all working people. His budget follows through with a number of proposals that would benefit American workers, such as repeal of harmful sequestration cuts, higher taxes on capital gains and a financial crisis fee on the largest financial institutions. These are all pieces to a robust program to raise wages.

But when it comes to fixing our rigged corporate tax system, the actual proposals in President Obama’s budget don’t match the rhetoric. As this budget stands, it falls short of a very simple standard: our tax system should not encourage corporations to shift jobs or profits overseas. We are also disappointed that the administration continues to propose corporate tax reform that does not raise significant amounts of revenue over the long term.

President Obama’s budget proposal to increase infrastructure investment is an important step in the right direction. But it does not go nearly far enough. Our economy needs trillions of dollars in investment to drive the productivity growth vital to raising wages. Our current infrastructure deficit, taken in context with the egregious level of inequality in our economy, means that we have to completely rethink our sense of progress.

Our crumbling roads and bridges need more than one-time or short-term fixes. We need a big vision if we are to build the future America and its workers deserve.


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: unions
Our crumbling roads and bridges

We'll,if I was the boss,I'd fire the incompetent workers who built those crumbling roads and bridges;)

1 posted on 02/03/2015 2:50:54 PM PST by mdittmar
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To: mdittmar

Who named him leader of the country?


2 posted on 02/03/2015 2:51:41 PM PST by 2ndDivisionVet (The question isn't who is going to let me; it's who is going to stop me.)
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To: mdittmar

3 posted on 02/03/2015 2:54:33 PM PST by Diogenesis ("When a crime is unpunished, the world is unbalanced.")
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To: mdittmar

Mr. Trumpka: Don’t take any nighttime walks in the park or you may end up keeping Jimmy Hoffa company.


4 posted on 02/03/2015 2:56:30 PM PST by Straight8
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To: mdittmar
I'd fire the incompetent workers who built those crumbling roads and bridges;)

Too late, I'm sure a bunch of them are already dead of old age.

I look at infrastructure around here that my Grandfather built. It was new. Once upon a time. ;)

/johnny

5 posted on 02/03/2015 2:56:39 PM PST by JRandomFreeper (gone Galt)
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To: mdittmar

Trumka: You didn’t raise taxes enough!

That’s alright Trumka, your guys don’t work hard enough, so they can stay home. We don’t need them to build more crumbling bridges with substandard concrete.


6 posted on 02/03/2015 2:56:49 PM PST by SaxxonWoods (Life is good.)
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To: mdittmar

Classify the AFL-CIO as a corporation and subject to the same laws first, before doing anything else.


7 posted on 02/03/2015 3:01:13 PM PST by Ingtar (Is this the Ebola and rumors of Ebola mentioned in the Bible?)
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To: mdittmar

Little Dick speaks! Everybody listen up! LOL!


8 posted on 02/03/2015 4:28:23 PM PST by FlingWingFlyer (Look! Snowflakes! We're all gonna die!)
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