Archive for June, 2006

Great Idea – Investing in America

June 29th, 2006

Kudos to Rep. Jan Schakowsky for championing what seems like a novel idea in this country these days – encouraging business to invest in American workers. An excerpt:

If you want to make Americans of all stripes mad, tell them about the billions of dollars in subsidies and tax breaks our government gives to companies that outsource jobs and relocate to avoid giving back to the our great country. …In honor of our country and the great American patriotic spirit that is renewed at this time each year – and just a few days short of the 230th anniversary of the 1776 Declaration — today I announced that I’m introducing the Patriot Corporations of America Act. It is time to rekindle the spirit of patriotism and encourage corporations that commit to America and American workers. The Patriot Corporations of America Act would do so by rewarding companies which invest in our nation’s economic future.

Check out the full post and comments at Encouraging Corporations that Commit to America and American Workers, Huffington Post.

Bush tax cuts hurt 99% of Americans

June 28th, 2006

Thanks to Citizens for Tax Justice for getting the truth out … that 99% of Americans got hurt by the Bush tax cuts. They’ve just released a full analysis of the tax cuts – read it here: http://www.ctj.org/pdf/debtus.pdf. The upshot? The average extra tax burden for 99% of Americans is $7,166 while the wealthiest 1% netted out with more than $30,000 in extra cash.