By Craig Andresen / The National Patriot
the shark is the term used in show business when any particular series,
movie or television, has gone past the point of no return with
something so inane and ridiculous that people, even their die-hard fans,
simply give up and stop watching.
It originated when Fonzie used water skis to jump over a tank with a
live shark swimming in it and basically, that was the end of any
interest in Happy Days.
The Obama regime has, officially, jumped the shark.
All but the completely Kool Aid soaked liberal/socialists and
progressives, those so overtly inebriated on the juice that they can no
longer utter a three word sentence, are now asking themselves…What in
Folks, you cannot make this stuff up. They actually said these things
and there is no turning back because…they actually MEANT to say these
First…let’s lend an ear or an eye to the shark-jumping words of one Hillary Clinton…
To read the entire article click on link: http://www.thenationalpatriot.com/2014/07/31/the-lefts-absolutely-bone-crushingly-mindless-buffoons/
by Chip Wood / Personal Liberty Digest
What’s the latest sin of those dastardly companies?
It’s having the unmitigated gall to move their headquarters out of this country in order to save on taxes. How dare they! Aren’t they supposed to put their country’s need for more money ahead of their shareholders’ desire for more profits?
“My attitude is, I don’t care if it’s legal, it’s wrong,” the President thundered during a recent speech. He called on Congress to fast-track legislation to make such relocations (known as “inversions”) illegal. In the meantime, he and other Democratic officials said companies should demonstrate their “economic patriotism” by resisting the lure of moving abroad.
So now the “patriotic” thing for a company to do is to pay more in taxes than it needs to, so our bloated Big Brother government can increase in size and power. That sure makes sense, doesn’t it?
Before you jump on this leftist bandwagon and accuse some American companies of putting profits before patriotism, please consider the following:
- First, the U.S. tax rate on corporate profits is the highest in the developed world. American companies must pay a combined corporate income-tax rate of 39.1 percent. At 35 percent, Federal taxes represent the lion’s share of that amount.
- But here’s an even bigger kicker: Our government insists on collecting those taxes on every dollar of profits a company makes anywhere in the world, if they are foolish enough to bring their gains back to the United States. How much money have U.S. companies left overseas, just to avoid to paying those usurious U.S. taxes? Estimates are that the grand total is somewhere in the neighborhood of $2 trillion. Ladies and gentlemen, that is a very expensive neighborhood.
Hey, 10 percent of a few hundred billion dollars is a lot better than 35 percent of nothing! And think how many jobs a trillion or two dollars could create here at home. Oh, and think how many additional taxes those new wage earners would pay. Not to mention all of the additional tax dollars Uncle Sam would collect from those corporations over the years.
Now there’s a tax reform that makes sense, doesn’t it? Too bad the Democrats won’t consider it for a second.
The U.S. tax rate on corporate profits is more than three times higher than the rate in Ireland, which is a rock-bottom 12.5 percent. The United Kingdom has made plans to reduce its corporate tax rate again, lowering it from an already-competitive 28 percent to an extremely attractive 20 percent. No wonder many companies are eager to add those savings to their bottom line.
Even Jack Lew, the secretary of the Treasury, has acknowledged that the smartest thing this country could do is to change the law. In a letter to Dave Camp (R-Mich.), the chairman of the House Ways and Means Committee, Lew admitted that the “best way to address this situation is through business tax reform that lowers the corporate tax rate, broadens the tax base, closes loopholes, and simplifies the tax system.”
If lowering the corporate tax rate is the “best way” to deal with the situation, what are the chances that that is what we will do? Sadly, with a demagoguing Obama in the White House and with Harry Reid (D-Nev.) controlling what happens in the Senate, I’m afraid the answer is pretty close to zero.
No, the Democrats would rather try to win some votes this November — and protect some of their vulnerable Senate by bashing those greedy American businessmen — than cooperate with Republicans in passing tax reform.
With both the House and the Senate getting ready to shut down so the lawmakers can enjoy a five-week summer recess and with Obama planning to head off to Martha’s Vineyard for three weeks of rest, relaxation and golf, don’t expect anything positive to get done in Washington anytime soon.
Well, actually, I got that wrong. Getting all those politicians out of town for a while is probably the best thing we could hope to happen. At least while they’re gone, they won’t be making matters worse.
Until next time, keep some powder dry.