Back to Tribal Messenger
WAR Profiteeringby Michael Tivana ... 11-06-01
While the country is distracted by the war, legislation is being passed that is changing the very fabric of our country.
The Bush appointed Secretary of Treasury O'Neill is re-routing our tax structure to favor the wealthy. O'Neill called the current U.S. tax system "an abomination" that required
changes to its "very structure." His preferred changes? O'Neill "absolutely"
supports the elimination of taxes on corporations-- and the shifting of the
tax burden to individuals, saying government would work better if it
"collected taxes in a more direct way from the people."
This is only a part of the snow job we are getting -- The real news is not
anthrax, the real news is the exercising of the FEMA laws, the loss of our
civil rights and the draining of our pocket books - which is pure
thievery.
The current Republican scandals are going to make the S&L 1.5 trillion dollar rip-off, the HUD scandals, and Contra-Gate all seem like warm-up exercises. This is not an economic stimulus package, it is a life boat for the wealthy. DO they think the ship is sinking? Why do I have this sinking feeling? Was it an omen on December 12th when Katherine Harris announced on channel 4 that BUSH was getting all 25 FLorida votes thus making him president while on channel 5 the country was watching the Sinking of the Titanic? I have had a sinking feeling ever since.
Please read on, click on the links and participate in being an active citizen while you still can.
I just received this from Sister Leone Koehler and the Servite Sisters.
In this time of national crisis, amid calls for sacrifice, I'm truly
troubled by some of the choices of the Republican party leadership. Here's
their idea of an economic stimulus package:
This is war profiteering, and it's simply wrong. Yet the House has just
approved it, on a virtual party line vote, ending the recent spirit of
bipartisan cooperation in Congress.
Will you please join me in speaking up, before the Senate acts? Go to:
http://www.moveon.org/warprofiteering/
While our nation was reeling from the Anthrax threat, the House voted to
repeal the Alternative Minimum Tax on corporations. This law normally
requires hugely profitable companies to pay at least some tax, no matter how
many loopholes they can find. Its repeal would allow many companies to pay
zero U.S. income tax in perpetuity - a loss of
more than $12 billion in revenue next year alone.
The repeal is retroactive, so companies would get rebates of all the
Alternative Minimum Tax they've paid for the last 15 years. The numbers
above are a sampling of these rebates.
The House also voted to allow corporations to store their profits overseas
as a tax shelter. That's right - this "stimulus" would actually take money
_out_ of the U.S. economy. It's backwards.
The right approach to stimulus is to put more money in the hands of everyday
people who need it most - by expanding unemployment insurance,
for example. People living marginally will spend it quickly on consumer
goods, so it circulates through the economy, benefiting everyone.
Helping people would make economic sense. Giving billions in tax breaks to
America's biggest corporations doesn't.
The Senate is considering this issue now. Please speak up with me at:
http://www.moveon.org/warprofiteering/
Thank you. We've got to stick together on this.
"Speak out for those who cannot speak, for the rights of all the
destitute."
Proverbs 31:8
###
- read more
I read this and wondered how they were going to pull it off. Surely the people of this great nation would not tolerate this. Now I see, of course, its the old economic stimulus package. The trickle down economics of the Reagan catastrophe never worked. I was waiting for 12 years for the trickle down to work and I never got a drop of income from it. I must note that all of the BUSH secretaries of the federal agencies are ridiculing the current condition of the agencies and are vowing to replace the system with new laws that support a new structure of power. This new structure will favor corporate wealth, oil, chemicals and the Republican party. This is no different a strategy than the Nazis had for Germany in the 1930's supporting the same changes for the same special interests.
TOP
Back to Tribal Messenger