Thursday, May 9, 2013

Finally, someone in Washington says "Tax The Rich!"


"Everybody knows the dice are loaded
Everybody rolls with their fingers crossed
Everybody knows the war is over
Everybody knows the good guys lost
Everybody knows the fight was fixed
The poor stay poor, the rich get rich
That's how it goes
Everybody knows...."

                                                     Leonard Cohen

The fine Senator Elizabeth Warren of Massachusetts, hated by Wall Street, is joining Sen. Sheldon Whitehouse of Rhode Island in proposing a "Job Preservation and Sequester Replacement Act" - after 4 1/2 years of the Ha-Ha Socialist's Presidency.

She says, "Washington is rigged for the big guys -- the ones who can afford to hire an army of lobbyists, lawyers, and accountants to create and find the loopholes and special breaks that let big corporations off the hook for paying taxes.
  • It's rigged for the five biggest oil companies, which made $118 billion in profits last year -- and yet still collected billions of dollars worth of government subsidies.

  • It's rigged for multinational corporations, which get tax breaks to ship U.S. jobs overseas and stash their investments abroad.

  • And it's rigged for hedge fund managers and billionaires, who pay lower tax rates than their secretaries.

The Job Preservation and Sequester Replacement Act closes corporate tax loopholes so everyone pays a fair share. And it implements the Buffett Rule so that people who make more than $1 million a year pay it forward so the next kid has a chance to make it big.
This is a sensible way to deal with our financial problems. But I need your help to build national support that puts pressure on Congress to pass the plan."

You can show your support and "Become a citizen cosponsor" here



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