Baucus IDEAL China Ambassador: He Is Fluent In Corporate Shillism

[marmar]

from the Working Life blog:



Baucus IDEAL China Ambassador: He Is Fluent In Corporate Shillism
Posted on 19 December 2013.


Really, people are being grossly unfair to Max Baucus, wondering why someone who doesn’t speak Chinese would qualify to serve as ambassador. But, c’mon people, focus on the important lingo Baucus brings to the table: it would be hard to find another Democratic elected official who speaks such fluent corporate shillism…The man has got a perfect pitch. But, there is a silver lining.

Where do we start. Taxes, courtesy of the Citizens for Tax Justice on Baucus’ embrace of yet more idiotic tax cuts:

Citizens for Tax Justice and other advocates for fair and adequate taxes are unhappy because his proposal would not raise any new revenue overall — at a time when children are being kicked out of Head Start and all sorts of public investments are restricted because of an alleged budget crisis.Materials released from Senator Baucus’s staff explain that this part of his proposal is “intended to be revenue-neutral in the long-term.” The idea behind “revenue-neutral” corporate tax reform is that Congress would close loopholes that allow corporations to avoid taxes under the current rules, but use the savings to pay for a reduction in the corporate tax rate.

Among the general public, there is very little support for this. The Gallup Poll has found for years that more than 60 to 70 percent of Americans believe large corporations pay “too little” in taxes.

There is almost no public support for the specific idea of using revenue savings from loophole-closing to lower tax rates. A new poll commissioned by Americans for Tax Fairness found that when asked how Congress should use revenue from “closing corporate loopholes and limiting deductions for the wealthy,” 82 percent preferred the option to “[r]educe the deficit and make new investments,” while just 9 percent preferred the option to “reduce tax rates on corporations and the wealthy.”

Trade? From his perch as chairman of the Finance Committee, and in previous roles, Baucus has made sure that every NAFTA-style, middle-class killing, corporate trade bill passes the Senate.He is awash in corporate money, paid off by Wall Street, the insurance mob, HMOs, oil and gas companies, real estate and banks. ................(more)

The complete piece is at: http://www.workinglife.org/2013/12/19/baucus-ideal-china-ambassador-he-is-fluent-in-corporate-shillism/#sthash.57UztwYi.dpuf