Free Republic

...that system of taxation as created by Congress turns business accounting into a labyrinth where corporations have to waste manpower and income to constantly manage their tax situation while government receives reduced revenues that can't be anticipated from one year to the next. Multi-national corporations like GE can also use the complexity of the US tax system to manipulate the tax code by deflecting profits outside the US but maximizing deductions in their tax burden. The corporate tax situation has caused even a fiscal liberal like President Obama...

It's time to use the lefts tactics on them, they have done this to many conservatives and is doing it to Rush now. It's time to fight back.

Kentucky bourbon makers fear hangover from Obama's corporate tax overhaulBy Erik Wasson - 02/25/12 07:49 AM ET Kentucky bourbon makers say President Obama’s corporate tax overhaul could hobble their industry and cause major economic hardship in the Bluegrass State. The makers of Woodford Reserve, Jack Daniels and Evan Williams are worried about the elimination of an accounting method that allows companies to lower their tax burdens by boosting the costs associated with inventory held for a long period. Obama’s Treasury Department sees the “last in, first out” (LIFO) accounting rule as a loophole. By eliminating it and other tax provisions,...

Caterpillar: Goodbye Illinois, Hello Indiana’s Right To Work February 17, 2012 Caterpillar digging into Indiana Caterpillar has been a mainstay Illinois-based company for generations but no longer. The power and influence of big labor has impacted the company for too long, damaging its bottom-line and hurting workers. Now that Illinois’ neighbor, Indiana, has become a Right to Work state, Caterpillar is exploring their options, according to The Detroit News’ Robert Laurie: Back in 2009, Barack Obama announced that Caterpillar had promised to rehire some of its laid-off workforce if his stimulus proposal passed. This week, the nation’s largest manufacturer of...

There are many amendments that have been proposed whose sponsors claim will abolish corporate personhood and/or declare that money is not free speech. Here is a discussion of the problems with the four types that have been introduced in Congress and of two that are being promoted by various groups and individuals to address these problems. EDWARDS-STYLE AMENDMENTS TO GIVE CONGRESS THE POWER TO REGULATE CORPORATE “FREE SPEECH” The Donna Edwards amendment is the prototype of a group of amendments that would if passed give Congress the power to regulate corporate money in campaigns. Others falling into this group include...

Thirty companies paid no U.S. income tax 08-10: report Photo 12:52pm EDT By Kevin Drawbaugh (Reuters) - Thirty large and profitable U.S. corporations paid no income taxes in 2008 through 2010, said a study released on Thursday that arrives as Congress faces rising demands for tax reform, but seems unable or unwilling to act. Pepco Holdings Inc, a Washington, D.C.-area power company, had the lowest effective tax rate, at negative 57.6 percent, among the 280 Fortune 500 companies studied. The statutory U.S. corporate income tax rate is 35 percent, one of the highest in the world, but over the 2008-2010...

They have branded themselves the 99 per cent, camping out in New York's financial district to protest against corporate greed and financial inequality. But on the ground at the epicentre of the Occupy Wall Street demonstration, a closer look at some of the impassioned protesters is starting to suggest that while many of them have genuine grievances, all may not be completely as advertised. The flash of a designer belt, a watch or even, in one case, a huge wad of cash reveals many activists are not quite so hard done by.

OKLAHOMA CITY – Approximately 300 people gathered in Kerr Park late Monday afternoon as part of the national “Occupy Wall Street” movement which is spreading through the U.S. like wildfire. And many of them plan to camp and protest Wall Street, the Federal Reserve or other bastions of corporate power – indefinitely. “In the unfortunate instance that you are arrested, do not resist arrest,” warned an attorney acting as part of the Occupy OKC legal team. He went on to say that Occupy OKC is committed to non-violence. The Oklahoma City Police Department had so far been very courteous and...

CHENGDU/WUHAN, China (Reuters) - When China announced a nearly $600 billion package to ward off the 2008 global financial crisis, city planners across the country happily embarked on a frenzy of infrastructure projects, some of them of arguable need. Chengdu, the capital of southwestern Sichuan province, answered the call for stimulus action with a bold plan for a railway hub modeled after Waterloo railway station in London. Except London's Waterloo was not ambitious enough. > China's local governments have piled up a mountain of bad debt, some of it to finance bridges to nowhere and other white elephant projects, which...

An unnamed computer virus is compromising the security of U.S. Reaper and Predator drones as they fly missions in Afghanistan, Iraq, Yemen, and Pakistan. Wired reports the virus was found about two weeks ago and hasn't kept the drone pilots at Creech Air Force Base in Nevada from conducting missions. There haven't been any reports of classified data breaches, but the virus has resisted the military's best efforts to remove it.

Alberta is number one when it comes to labour market performance across North America, says a report released by the Fraser Institute on Thursday. The think tank evaluated employment growth, private sector growth, rates and duration of unemployment and overall productivity in 10 Canadian provinces and all 50 American states between 2006 and 2010. Alberta had the best-performing job market among all jurisdictions, with the highest total employment growth — including growth in the private sector — and the second-lowest duration of unemployment, the report said. Saskatchewan came in second overall among all provinces and states, while Manitoba placed fourth,...

Fox News off and then on again at Escondido gym Fitness devotee Dianne Lowe's best exercise in recent days may be standing up for what she says is free speech. The five-year member of the LA Fitness club on El Norte Parkway in Escondido was outraged last week when she went to turn on the right-leaning cable channel while working out and found it wouldn't come in. Lowe talked to a gym attendant, who she said told her that LA Fitness officials had ordered it shut down. "They told me, 'We are not allowed to turn on Fox News,' and...

The 6-year-old son of a prominent pharmaceutical executive died Sunday, almost a week after falling down the stairs at his family's mansion and four days after his father's girlfriend was found dead hanging from a balcony in the house.

<p>KINGMAN, Ariz.—A western Arizona man has received a three-month sentence after authorities say he shot his Camaro because it wouldn't start and then refused to come out of his home.</p>

Aerospace industry tells Obama to cool it on bashing corporate jets By Keith Laing - 06/30/11 10:16 AM ET President Obama went over the top in his criticism of tax breaks for corporate jet owners, a lobbying group said Thursday. "We're disturbed by President Obama's remarks on business aviation," Aerospace Industries Association President Marion Blakey said in a statement. "General aviation plays an important role in our economy and took a substantial hit in the recent recession," she continued. "We feel that disparaging comments from the president regarding business jet users are not conducive to promoting jobs, investment and economic...

Entice large American corporations into the UN Global Compact and the de-industrialization of America becomes a reality in short order. A selection of the corporations who are already members of the International Chamber of Commerce (ICC), which is now part of the UN Global Compact, can be found HERE. The UN Global Compact was initiated in 2000 and has been accelerating since 2010, no doubt due to support provided by President Obama and George Soros. The goal of the UN Global Compact is to create public-private and global-local partnerships. Basically, this means “globalizing” private corporations so that they will operate...

Bolivia will this month table a draft United Nations treaty giving "Mother Earth" the same rights as humans — having just passed a domestic law that does the same for bugs, trees and all other natural things in the South American country. The bid aims to have the UN recognize the Earth as a living entity that humans have sought to "dominate and exploit" — to the point that the "well-being and existence of many beings" is now threatened. The wording may yet evolve, but the general structure is meant to mirror Bolivia's Law of the Rights of Mother Earth,...

By: Mark Joppa (Mark is a tea party enthusiast in the Hudson Valley, New York) The United States Department of Agriculture (“USDA”) in fiscal year 2010 had a combined budget of $134 billion (this alone is insane!). Just three years prior, in fiscal year 2007 the USDA had a lower budget of $88 billion. No one really knows how or why the Department of Agriculture spent $88 billion in 2007, together with an additional $46 billion in 2010, but let’s examine USDA’s 2012 budget. President Obama has proposed $145 billion. In these tough times with high unemployment and the historically...

By 2013, Canada's effective tax rate on capital will be 18.4%, less than one half of our 39% in 2005. We will have the most tax-competitive regime in the G7, which is far better than six years ago, when we had the least competitive regime. These corporate tax reductions have boosted investment. One important study showed that a 10% reduction in the tax-inclusive cost of capital led to a 7% increase in capital investment. Without doubt, the final stage of corporate tax reductions in Canada is a win-win for both the private and public sectors. There is no trade-off between...

Canada Liberals pressure gov’t on corporate taxNational By REUTERS Posted 1 day ago OTTAWA - Canada's opposition parties should unite to fight corporate tax cuts planned by the minority Conservative government, the Liberal Party said on Thursday amid expectations it may seek to trigger an election next year. The Liberals, the largest opposition party in Parliament, vow to vote against the next budget, expected in early 2011, unless the government reverses the tax cuts. But it can only defeat the plan if joined by the other two opposition parties. "It's a major expenditure and it significantly impacts the fiscal capacity...