‘Here are the top ten examples of corporate welfare and welfare for the rich. There are actually thousands of tax breaks and subsidies for the rich and corporations provided by federal, state and local governments but these ten will give a taste’.
‘One. – ‘State and Local Subsidies to Corporations’.
‘An excellent New York Times study by Louise Story calculated that state and local government provide at least $80 billion in subsidies to corporations. Over 48 big corporations received over $100 million each. GM was the biggest at a total of $1.7 billion extracted from 16 different states but Shell, Ford and Chrysler all received over a billion dollars each. Amazon, Microsoft, Prudential, Boeing and casino companies in Colorado and New Jersey received well over $200 million each’.
‘Two. – Direct Federal Subsidies to Corporations’.
‘The Cato Institute estimates that federal subsidies to corporations costs taxpayers almost $100 billion every year’.
‘Three. – Federal Tax Breaks for Corporations’.
‘The tax code gives corporations special tax breaks which reduced what is supposed to be a 35 percent tax rate to an actual tax rate of 13 percent, saving these corporations an additional $200 billion annually, according to the US Government Accountability Office’.
‘ Four. – Federal Tax Breaks for Wealthy Hedge Fund Managers’.
‘Special tax breaks for hedge fund managers allow them to pay only 15% rate while the people they earned the money for usually pay 35% rate. This is the break where the multimillionaire manager pays less of a percentage in taxes than her secretary. The National Priorities Project estimates this costs taxpayers $83 billion annually and 68% of those who receive this special tax break earn more than $462,500 per year (the top one percent of earners)’.
‘Five. – Subsidy to Fast Food Industry’.
‘Research by the University of Illinois and UC Berkeley documents that taxpayers pay about $243 billion each year in indirect subsidies to the fast food industry because they pay wages so low that taxpayers must put up $243 billion to pay for public benefits for their workers’.
‘Six. – Mortgage Deduction’.
‘The home mortgage deduction, which costs taxpayers $70 billion per year, is a huge subsidy to the real estate, banking and construction industries. The Center of Budget and Policy Priorities estimated that 77 percent of the benefit goes to homeowners with incomes over $100,000 per year’.
‘Seven. – The government bailout of Wall Street’.
‘The Atlantic Monthly estimates that $7.6 trillion was made available by the Federal Reserve to banks, financial firms and investors. The Cato Institute estimates (using government figures) the final costs at $32 to $68 billion, not including the takeover of Fannie Mae and Freddie Mac which alone cost more than $180 billion’.
‘Eight.- Each major piece of legislation contains new welfare for the rich and corporations’.
‘The Boston Globe analyzed the emergency tax legislation passed by Congress in early 2013 and found it contained 43 business and energy tax breaks worth $67 billion’.
‘Nine. – Huge corporations which engage in criminal or other wrongful activities protect their leaders from being prosecuted by paying huge fees or fines to the government’.
‘You and I would be prosecuted. These corporations protect their bosses by paying off the government. For example, Reuters reported that JPMorgan Chase, which made a preliminary $13 billion mortgage settlement with the US government, is allowed to write off a majority of the deal as tax deductible, saving the corporation $4 billion’.
‘Ten. – There are thousands of smaller special breaks for corporations and businesses out there’.
This is and always was going to be a huge uphill battle but of all the possible Democrats, she may well have the best shot.
‘Texas Senator Wendy Davis knows our struggles because she has live them’.
‘An empathetic politician wealthy or otherwise can be an asset to society. Politicians who have lived the life of millions of poor and middle class Americans possess that empathy within their DNA’.
‘Texas has one of those politicians running for governor’.
‘Democratic Senator Wendy Davis went from living in a trailer park as a single mother to Harvard. If Texans allow themselves to vote their interest and not their fears she will be the next governor of Texas’.
‘Democratic Senator Wendy Davis went back to her trailer park with Maria Shriver for a piece she is doing on the 50 year war on poverty’.
Maria Shriver: “You haven’t been back here since you’ve lived here”.
Wendy Davis: “That’s right”.
Maria Shriver: “When you look at this place, what are you feeling right now”.
Wendy Davis: “Um, a homecoming of sorts, definitely. I’ve tried real hard not to put this in the rear view mirror. I try to keep it present”.
“Just in terms of the work that I do, making sure that my perspective is never too far removed from this”.
“The hardest thing in the world is to be giving something your all, and it is not good enough”.
“That is what I was experiencing when I was here”.
“I was giving it my all, working two jobs and doing the best I could. But this is the place that I came home to with the phone not working from time to time or the lights not working from time to time”.
From : http://www.addictinginfo.org/2014/01/14/wendy-davis-interview-maria-shriver/
‘Governor Christie Veto’s Lisa’s Law’.
‘Bill (A-321) or “Lisa’s Law,” was designed to aid victims of domestic violence’.
‘It did so by giving courts the power to order electronic monitoring for certain offenders’.
‘Lisa’s Law takes it name from Letizia “Lisa” Zindell of Toms River, NJ. Sadly, Zindell was murdered in 2009 by her former fiancé. Since the murder occurred a day after her fiance’, Frank Frisco Jr., was released from jail for violating a restraining order, the bill was created to prevent that from happening to future victims’.
‘Lisa’s Law actually had bi-partisan support, so this appears to be an ‘Angry Chris Christie’ taking his woes out on the State Legislature’.
“I’m disappointed and a bit surprised at the Governor’s delay in this bill given that roughly 15-18 other states have instituted similar laws,” said Assemblyman Troy Singleton (D-Burlington), one of the bill’s sponsors.“However, I’m committed to working together to build consensus so that we can see this law implemented as swiftly as possible. Letizia Zindell’s tragic death shows more must be done to protect victims of domestic abuse from a similar fate.” (PolitickerNJ)
‘Lisa’s Law garnered vast support from members of both parties during the vote in the State Legislature’.
‘Christie’s conditional veto now means extra work for Attorney General John Hoffman. He will have to conduct an evaluation of the availability of the technology needed to create and implement the monitoring system. Further, he must report back in no more than 120 days’.
‘Meanwhile, any potential victim of domestic violence will simply have to wait while Christie screams at bridges’.
From : http://www.addictinginfo.org/2014/01/13/lisas-law-gets-vetoed/
As soon as Chris Christie started to get name recogination nationally, the whispers of corruption started.
Governor Christie has this perception of being the ‘man to get the job done’. Gruff. Verbally abusive.
A (cough) ‘Man’s Man’.
In reality just another ‘good old boys’ politician……
‘During his tenure as a U.S. attorney, Christie negotiated seven of what are known as deferred prosecution agreements (DPA)’.
‘DPAs allow for a defendant to avoid prosecution by making settlements in which they agree to do things such as: paying fines, making reforms, or cooperating with an investigation’.
‘In those agreements, Christie required the appointment of outside monitors to ensure compliance with the DPA — at the expense of the company in the agreement’.
‘In one case, a $311 million settlement that ended a probe and possible prosecution of some of the leading manufacturers of knee and hip replacements, Christie hand-selected the firm of his former boss U.S. Attorney John Ashcroft to serve as a monitor’.
‘Ashcroft’s firm was poised to collect an estimated $52 million in 18 months — one of the largest deals ever for a federal monitor’.
‘Mark Halperin and John Heilemann’s book, Double Down: Game Change 2012 revealed the Romney campaign included the incident in the vetting research on Christie, and it was considered a significant hit on Christie’.
“There was Christie’s decision to steer hefty government contracts to donors and political allies like former Attorney General John Ashcroft, which sparked a congressional hearing,” the duo wrote of the opposition research file that caused vetters to be ” stunned by the garish controversies lurking in the shadows of his record.”
From : http://www.buzzfeed.com/andrewkaczynski/the-other-time-christie-was-accused-of-steering-million-doll
Because NOTHING honors the memory of President Lincoln and Dr. Martin Luther King as raffling off a rifle does……..
‘The geniuses who run the Multnomah County Republican Party in Multnomah County, Oregon are honoring Martin Luther King Jr and Abraham Lincoln by raffling off a rifle in their honor’.
‘From the MCP website …’
“Portland, OR January 13, 2014: Multnomah Country Republicans recognize the incredible time of year we are in”.
“In successive months to start the year, we celebrate the legacy of two great Republicans who demonstrated leadership and courage that all of us still lean on today: Martin Luther King, Jr and Abraham Lincoln”.
“In celebrating these two men, and the denial of the rights they fought so hard against, the Multnomah County Republican Party announces that we have started our third raffle for an AR-15 rifle (or handgun of the winner’s choice)”.
‘And it gets better! Because doesn’t it always? The keynote speaker will be none other than Rafael Cruz, father of Sen. Ted Cruz (R) of Texas’.
From : http://talkingpointsmemo.com/edblog/county-gop-auctions-off-rifle-in-mlks-honor
And of course we need to have everyone armed especially when they go to movie theaters………
‘A moviegoer lost his life inside a Pasco County theater Monday afternoon after a dispute over texting with a retired police officer’.
‘According to the sheriff’s office, the dispute happened before the 1:20 showing of ‘Lone Survivor’ had even gotten underway at the Cobb CineBistro at Grove 16 complex on Wesley Grove Blvd’.
‘Investigators say two couples had gotten into an argument over noise’.
“The victim was on his cell phone; he was texting. We believe he was making some kind of noise. This noise led to an altercation between the suspect and the victim,” Sheriff Chris Nocco explained’.
‘A witness recalled seeing the agitated man — later identified by deputies as Curtis Reeves — get up and leave in an apparent attempt to find a manager. When he came back alone, the argument escalated’.
‘Charles Cummings told FOX 13 he heard the victim say he was texting his 3-year-old daughter before Reeves pulled out a pistol’.
“Their voices start going up, there seems to be a confrontation, somebody throws popcorn, then bang, he was shot,” said Cummings, who was there to celebrate his birthday. “I heard the victim say, ‘I can’t believe…,’ then he fell on us.”
From : http://www.myfoxtampabay.com/story/24435641/2014/01/13/shots-fired-at-wesley-chapel-movie-theater