Negotiators Approve Big Tax Cuts for Business

[jayfish]

http://www.nytimes.com/2004/10/07/business/07corptax.html?ex=1097812800&en=2e54ce33cdfd705a&ei=5043&partner=EXCITE

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WASHINGTON, Oct. 6 - In an act of pre-election largess, House and Senate negotiators approved a sprawling corporate tax bill on Wednesday that would shower corporations and farmers in politically sensitive states with about $145 billion worth of new tax cuts.
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The agreement involves the cozy deal-making that often characterizes pork-barrel politics, with lawmakers from both parties insisting on breaks for hometown industries in return for their support of the overall measure.

The big winners include General Electric, Exxon Mobil, electric utilities, movie producers and agricultural producers.

Keith Ashdown, vice president for policy at Taxpayers for Common Sense, a public advocacy group in Washington, said, "This legislation is an early Christmas gift for corporate fat cats."
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As if GE needs more fucking tax cuts.

Jay

[aquart]

1. Disgusting.

Since when are the oil companies not making windfall profits with current prices?

Stealing with both hands, but making it legal to steal first.

[sandnsea]

2. Free market economics

Why do the working Republicans support this kind of crap, but call it socialism when somebody gets govt help to buy food or see a doctor. That's what makes me angriest of all.

[Vitruvius]

3. These fat cats are so very patriotic -- except they don't want to

pay their taxes. To do their share to keep this country going...

Patriotism is so very cheap for these tax-evading rich bums and corporations. But -- as Leona Helmsley said: "Taxes are for LITTLE people!".

And I don't see too many of these rich bums -- or corporate executives -- enlisting to help fight the Iraq war they expect others to fight. The same Iraq war from which defense contractors like GE profit; the same Iraq war that's grabbing oil for companies like Exxon Mobil. But "sacrifice is for LITTLE people."

Again -- patriotism is cheap to these fat-cat rich Rethugnicans.

[MGKrebs]

4. GRRRRR.

[Moderator]

5. Duplicate topic

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=102&topic_id=888942