Posted on 03/26/2010 4:52:33 PM PDT by Kaslin
In 2003, Washington blessed a grateful citizenry with the Medicare prescription drug benefit, it being generally agreed by all the experts that it was unfair to force seniors to choose between their monthly trip to Rite-Aid and Tony Danza in dinner theatre.
However, in order to discourage American businesses from immediately dumping all their drug plans for retirees, Congress gave them a modest tax break equivalent to 28% of the cost of the plan.
Fast forward to the dawn of the ObamaCare utopia. In one of a bazillion little clauses in a 2,000-page bill your legislators didn't bother reading (because, as Congressman Conyers explained, he wouldn't understand it even if he did), Congress voted to subject the 28% tax benefit to the regular good ol' American-as-apple-pie corporate tax rate of 35%.
For the purposes of comparison, Sweden's corporate tax rate is 26.3%, and Ireland's is 12.5%. But just because America already has the highest corporate tax in the OECD is no reason why we can't keep going until it's double Sweden's and quadruple Ireland's.
I refer you to the decision last year by the donut chain Tim Hortons, a Delaware corporation, to reorganize itself as a Canadian corporation "in order to take advantage of Canadian tax rates." Hold that thought: "In order to take advantage of Canadian tax rates" — a phrase hitherto unknown to American English outside the most fantastical futuristic science fiction.
Ask yourself this: If you impose a sudden 35% tax on something, are you likely to get as much of it? Go on, take a wild guess. On the day President Obama signed ObamaCare into law, Verizon sent an e-mail to all its employees warning that the company's costs "will increase in the short term."
(Excerpt) Read more at investors.com ...
Nope. A Constitutional Convention is a very bad idea. The one we have is not broken, only the interpretation is fractured.
What is needed is to DownSize DC!
Close entire departments. (Education, EPA, etc) Send the Congress and Senate back to their home districts for most of the year. Under the watchful eye of their constituents. Have them telecommute, away from the Washington lobbyists.
Can you image the cost savings.
The Texas legislature meets every 2 years, unless called into special scession. It has worked a long time.
I predict a very long H-O-T summer.
July 4th 2010 - INDEPENDENCE DAY - light ‘em if you’ve got ‘em.
A “Constitutional Convention” will ensure we no longer have a REPUBLIC for sure.....right now, that’s questionable, however, we have an opportunity to REPUBLICIZE ourself in the next year....we shall see.
agreed - Im personally thinking a CC is their end game (besides kneeling at the altar of satan)
It’s absurd to suggest “fixing” a rule book that today’s politicians don’t follow or respect anyway.
Mark Levin asked the other day, Do you think the group of delegates the states would send to a convention today would be better statesmen than the originals?
Think about it. A constitutional convention today would be an absolute disaster.
Darn right.
How would we know the CC crowd isn’t in bed with the current crop of traitors?
Yep, bad idea ... Vote them out in November
Exactly. The entire political left has been based on lies and deceit for the last 70 years.
I believe you are correct
Scary stuff he writes here. I hope everyone reads the whole thing (three pages at the link) and not just the header.
It is the socialists and leftists dream fantasy to hold a Constitutional Convention so they can eliminate pesky irritants like the 2nd Amendment.
A convention would only be useful if every constitutional objection to 0bamacare failed. We have federal, state elections in 2010 and 2012. We already have state AG court challenges, we may have religious exemption challenges. Republicans could withhold funding for key provisions at the federal level and the state level. States also are gearing up for statutes and amendments to nullify mandates. Even, governors could issue executive orders to rescind 0bamacare provisions funded through the state (groups that sign up beneficiaries for Medicaid, Comparative Effectiveness Research panels). A solid block of governors in Texas, the plains and inter-mountain West could be quite formidible if they in effect “interposed” against the federal mandates and taxes to protect their citizens. A victory in in one area creates enormous momentum.
After all that, maybe a convention. Because if the federal government has a Constitutional authority to mandate an activity, it’s power would be unlimited and that means that there is no real Constitution left.
A Con-Con is a really, really bad idea. I wouldn’t even trust a convention made up completely of Republicans. Lindsey Graham does not equate to James Madison.
“Nope. A Constitutional Convention is a very bad idea. The one we have is not broken, only the interpretation is fractured.”
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Absolutely, what good is a convention to fix a government that refuses to abide by the constitution. It is like changing medications for a patient who flushes all his pills down the toilet anyway.
All the naysayers are ignoring the fact that even if someone proposes an amendment that every child gets a unicorn that poops Skittles, it must pass 38 distinct states. There are not 38 liberal states.
No.
Its horrifying to think of a Constitutional Convention in the hands of the socialists who are running roughshod over the Constitution we(barely) have now.
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