Sal Peralta Wants Corporate Kicker Law Repealed

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Jefferson December 14, 2007 5:56 pm (Pacific time)

Krugman, like the failing New York Times (see reports of diminishing circulation! Is Krugman a causal variable?), Air America, MSNBC, ad nauseum, simply demonstrate how clear-thinking people are ignoring the doomsayer mantra of the left. Our multi-"trillion" dollar economy, as economically diverse as it is compared to 1929 (even 1987) will rebound from any current problems we are having. The only thing that can really hurt us is if our primary investor's don't continue to invest. The best way for that to happen is to raise taxes which a democratic president would do with a democratic congress. Big government is anathama to what the U.S. Constitution (and the Bill of Rights) stand for, the dems will sap our individual freedoms as long as the far left is calling the shots...

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Henry Ruark December 14, 2007 5:55 am (Pacific time)

To all: Several hundred rants-ago, neocon nonentity referred to Krugman as one of his favorite sources. SO here's Krugman, today, in direct opposition to what neocon nonentity wrote here very recently: December 14, 2007 After the Money’s Gone By PAUL KRUGMAN "On Wednesday, the Federal Reserve announced plans to lend $40 billion to banks. By my count, it’s the fourth high-profile attempt to rescue the financial system since things started falling apart about five months ago. Maybe this one will do the trick, but I wouldn’t count on it. In past financial crises — the stock market crash of 1987, the aftermath of Russia’s default in 1998 — the Fed has been able to wave its magic wand and make market turmoil disappear. But this time the magic isn’t working. Why not? Because the problem with the markets isn’t just a lack of liquidity — there’s also a fundamental problem of solvency." But then what can one expect from someone willing to engage in waterboarding, no matter who the victim ? Do YOU want to be victimized by such a source for advice, on any topic ?

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Henry Ruark December 14, 2007 5:46 am (Pacific time)

"You lie in your teeth, you cur, sir !" getting closer for neocon nonentity. Here's reality re debacle on housing industry, brought on by criminal negligence in questionable mortgage operations now detailed in all national press,in NYT today: Big Rescue of Funds by Citigroup By ERIC DASH "Citigroup moved on Thursday to rescue seven affiliated investment funds that have been upended by the running crisis in housing-related debt. Vikram S. Pandit, who was named chief executive on Tuesday, announced the decision as he began to place his stamp on the giant bank. Hours earlier, the company said that Robert A. Druskin, its chief operating officer, would resign, marking the first of what could be several top-level departures. As part of its bailout, Citigroup is likely to shift billions of dollars’ worth of securities from the troubled structured investment vehicles onto its own balance sheet early next year. The decision, which reverses earlier statements made by bank executives and in regulatory filings, marks the biggest move yet by a bank to bail out ailing SIVs. Several European banks, including HSBC and Société Générale, have taken similar measures." Note last line confirming rapid shift by European banks cutting risks on huge borrowed funds demanded by neocon policies now in operation by Bush-cabal. Speaking of backup facts, when and what has neocon nonentity ever cited here but Far Right neocon-smeared nonobjective, noncheckable sources ?

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Jefferson December 13, 2007 4:28 pm (Pacific time)

Henry mentioning "Time" in your below post says it all about you. So you also use moveon.org as one of your special primary sources? As far as the "death throes" for the middle class as Henry uses, as it has some relevence to reality...just look at the economy, even the poor have more than the middle class in Europe (who are in steady decline because of their socialist policies). Note: 94% of all home owners make their mortgage payments...94%! Death throes Henry, yeah right. Do some research, inform yourself! You doomsayers always try to demonize those who offer different perspectives, the people are not stupid, though the ones who embrace your same delusion no doubt will come out of the woodwork, they will not have facts to back them up, just the same gaseous rhetoric as you chicago...

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Neal Feldman December 13, 2007 3:03 pm (Pacific time)

The mentality of the kicker is the same as for a private person living paycheck to paycheck refusing to save a dime for a downturn who then wonders what happened when his roof falls in and pipes burst due to neglect. Sue is right. It is 'feel good' idiocy and moronic public policy and should be repealed... corporate AND personal. Unless they want to change it so if the revenue falls BELOW predictions by more than 2% immediate and instant tax hikes kick in to make up the difference. Wonder how shrilly the kicker lovers would shriek at that concept? Clearly they like things onesided. Ah well...

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Henry Ruark December 13, 2007 3:02 pm (Pacific time)

To all: Nonentity refers to "union demands" and "taxes" as if they were cause of neocon consequences now. Any history check shows that union-busting and give-to-rich tax slashes in Reagan Era were start of death throes for our Middle Class -with Laffercurve "supply side", other economic stupidities as major disasters. Int'v'w Laffer once; he was able to talk well but denied he had napkin upside down. TIME current issue has page devoted to his still-denying answers re curve-and-napkin, worth reading since other major economists again deny tax-cut increasing gov't take-in of taxes. Common sense continued to prove up that less ain't ever more, and we hurting badly for decent tax-share from both rich/and/richer and corporate side of business, with small guys carrying increasing share shifted in last ten years from very/large and enlarging...see OCPP numbers for Oregon. SO do you wish to place your trust in one-time waterboard worker ? ONLY one place for employment in that field...

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Sue December 13, 2007 10:55 am (Pacific time)

The kicker is given because the revenues exceed the projection. This can happen in a bad economy too. This is the dumbest thing. I say PLEASE repeal!

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Henry Ruark December 13, 2007 10:46 am (Pacific time)

To all Neocon nonentity misses major reality fact: It's the shareholders who take the real risk, not the canny financial profits-fancier seeking one more way to chisel off dollar-take no matter what happens to all others. Waterboarding experience ties nonentity tightly to his DOING...now we can ask what he DID, to WHOM, who PAID, and perhaps understand his continuing refusal for ID and direct contact. Do you really wish to pay credibilities to anyone who owes error-filled b-button feelings fraudulently wrapped as "opinion" ? Character must account for SOMEthing; what kind of character would ever openly admit to any connection whatsoever with waterboarding no matter for whom done or for what ostensible reason ?

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Independent Oregonian December 13, 2007 8:51 am (Pacific time)

I agree that the risk takers are small business owners. Unfortunately, Oregon small businesses get less than 14 percent of the corporate kicker. 80 percent or more usually leaves the state.

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Jefferson December 12, 2007 6:02 pm (Pacific time)

People when you read about jobs being outsourced think: Taxes and union demands as the primary cause. As far as the kicker this year, it was because of a terrific economy that was promulgated by tax reductions. JFK ran on a platform in 1960 to reduce taxes, then look what happened under LBJ, Carter and Bubba. I expect to be Henryboarded, but my bank account is certainly better under a lower tax environment, and so are the majority of Americans. If a recession comes, it will be short-lived as long as we don't adversely impact those who do all the risk taking. Those risk takers are the small corporations that create the majority of the jobs out there!

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Henry Ruark December 12, 2007 3:33 pm (Pacific time)

To all: Solid-source information from long-contined research and study clearly indicates corporate sources now avoid and suppress, legally and sometimes questionably, their fair share of our tax burden. The kicker is an example of offsetting pay-off to people to prevent too-close examination of the realities involved. The corporations mentioned here have made millions over the years in enterpreneurial operations at least partially based in Oregon for such dollar success. Now is the time for the upcoming key legislative session in February to get solid reconsideration of the whole corporate tax "system" underway --with public hearings and fullbore reexamination of corporate status and purpose, under the charter powers still inherent within the State's domain. For national-international redesign principles now established by cooperation of all component constituencies involved, see Op Ed and seek out for "see with own eyes" the full story of the Boston-based Summit there detailed and described.

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