Want to Cut the Deficit? Restore Fair Taxes on Corporations and the Wealthy

[Donnachaidh]

http://www.commondreams.org/view/2011/03/25-13

If the deficit hawks in Congress are serious about righting our economic ship and reducing deficits in the federal budget and many state capitols, it would we worth listening to the voices rising from the streets suggesting a very different solution than more cuts in safety net programs, education, pensions, and worker’s rights.

This is not a budget fight, it’s a fight for the future of an America in which everyone should be able to retire in dignity, not worry about whether they can go to the doctor when they get sick, or whether there will still be schools for their kids.

How will we pay for it? By increasing the revenues from those who can most afford it, not by punishing those who have the least. By requiring corporations and the wealthiest individuals to pay their fair share, and stop blaming working people for an economic crisis created by Wall Street and exploited by their politician acolytes.

We’ve all heard the arguments. Pass more corporate tax breaks because that’s what makes the economy grow. Except it doesn’t.

More at the link --

[still_one]

1. Caterpillar CEO warns of discomfort with Illinois

"NEW YORK (Reuters) - The chief executive of Caterpillar Inc (CAT - News) has warned the governor of Illinois that state spending and an unfavorable business climate could undermine the competitiveness of Illinois-based companies."


http://finance.yahoo.com/news/Caterpillar-CEO-warns-of-rb-2991701676.html?x=0&.v=1

[theaocp]

2. Hahahahaha!

They're NOT interested in cutting the deficit! It's all about the short-term gain when you're sure the ship is going down!

[Hannah Bell]

3. or sinking the ship to begin with.

[Scuba]

4. How dare you suggest that!!! That's Socialism !!! ....

...now pay some more taxes to clean up the environment that I polluted on my way to higher profits.

[Sherman A1]

5. I would tax the corporations into the dirt

but, that is just my opinion.