NEWS ALERT: Middle Class America finally wakes up and prepares for a War that was declared on them over 30 years ago by a small group of So-Called Conservative Right Republicans. The so-called conservative right are not really conservative unless you are talking about the the top 1%'s money. But when it comes to our money (The Tax Payer's) they are far from conservative. RepubliCONS give trillions of dollars of our money (The Tax Payer's Money) to their top executive friends at Multinational Corporations, The Big Oil Industry, Wall Street, Billionaire Sports Teams Owners and the Defense Industry. Basically most of the profit goes to a few rich fat cats all our expense (The Tax Payers). The top executives that run these firms pay an all time low effective tax rate and hide most of their money in Cayman Island and Swiss Bank accounts. They are not using the money they made on the backs of hardworking Americans to create jobs or to invest in America as they like to say they are. A lot of Multinational Corporations pay no Corporate Income Taxes. Yet they continue to hold our economy and our country hostage by not hiring Americans. They continue to build factories in FOREIGN countries, and hire FOREIGN WORKERS. Here's the real kicker! They seek to use our money(the Tax payers money) to build a Nazi like military industrial complex in America to protect their own FINANCIAL INTERESTS while they continue to throw the American Worker under the bus!
Time For the American Middle Class to take back our country we built from these Corporate Foreign Invaders!
Middle Class American Party is pleased endorse Peter Koutoujian in his bid to replace Ed Markey to represent the 5th Congressional District of Massachusetts in Washington. Peter is a person who doesn't just talk about getting things done he actually gets them done. Koutoujian is just the type of person we need representing Massachusetts in Washington. For 30 years, the extreme radical right has been pummeling the American middle class worker with policies that reward corporations that move jobs and factories out of the country and favor only the rich and powerful. We believe Koutoujian will work his hardest to reverse the 30 year trend and fuel the resurgence of the once great American Middle Class Worker!
Peter Koutoujian has been a leader serving the people of his local district, Middlesex County and large parts of the 5th District for over 20 years. While the major issues of jobs and the local economy, reducing gun violence and protecting a woman’s right to choose, have been his focus, Peter has also stood with middle class voters who saw a need for specific reforms and legislation and stayed with them until the job was done.
Cheryl Darisse saw a need for new laws on victims’ rights when her sister was failed by the justice system, and Peter helped change the stalking law to better protect women in danger. Rhonda Bourne needed a voice to stand strong for her in the gay marriage debate, and Peter helped make sure that in Massachusetts you can get married no matter whom you love. Fred Faugno saw a park that the disabled could not access and Peter opened it up. Fran Yerardi's nephew was bleeding to death on a hospital bed in Canada and he needed to get transferred home for treatment, and Peter got it done. Eight children die from senseless gun.
The total cost of K-12 educational cutbacks in recent years is about equal to the amount of state taxes left unpaid by these companies.
June 16, 2013 |
We hear a lot about corporations avoiding federal taxes. Less well known is their non-payment of state taxes, which along with local taxes make up 90% of U.S. education funding.
Pay Up Now just completed a review of 2011–12 tax data from the SEC filings of 155 of the largest U.S. corporations. The results show that the total cost of K-12 educational cutbacks in recent years is approximately equal to the amount of state taxes left unpaid by these companies.
Corporations Neglect Their State Tax Responsibilities
For 2011 and 2012, the 155 companies paid just 1.8 percent of their total income in state taxes, and 3.6 percent of their declared U.S. income. The averagerequired rate for the 50 states is 6.56 percent.
Similar results were found in a Citizens for Tax Justice (CTJ) report on 2008–10 state taxes. In their evaluation of 265 large companies, CTJ determined that an average of 3% was paid in state taxes, less than half the average state tax rate. The results are summarized at Pay Up Now.
How much money is this? The 2011–12 underpayment, for just 155 top-earning companies, is about $14 billion per year. In the 2008–10 study, CTJ noted that "these 265 companies avoided a total of $42.7 billion in state corporate income taxes over the three years." That's also about $14 billion per year.
Unpaid State Taxes Are More Than ALL the K-12 Cuts
A comparison of the above results with educational cutbacks shows the devastating impact of tax avoidance on our children. A Center on Budget and Policy Priorities (CBPP) report revealed that total K-12 education cuts for fiscal 2012 were about $12.7 billion. A separate analysis of CBPP data shows total 2008–12 cutbacks of about $20 billion. According to the Census Bureau, K-12 funding rose about 5% a year from 1998 to 2008, after which it leveled off and began to decline.
More stunningly, higher education experienced a nearly $17 billion state appropriations cut in 2012–13, in comparison to 2007–8. Much of the shortfall was made up by tuition increases. As noted by the CBPP, "The entire increase in tuition at public colleges and universities over the last 25 years has gone to make up for declining state and local revenue." Tuition has risen almost 600% over those 25 years.
Games Corporations Play to Take Our State Funds
Maddening as this is, a look at behind-the-scenes corporate subterfuge makes it even worse. A Good Jobs First report describes how companies play one state against another, holding their home states hostage for tax breaks under the threat of bolting to other states, with the whole process masked in inspirational language: "business recruitment" and "retention incentives" instead of the more accurate description of transferring jobs to the state that offers the most generous subsidies. The report notes that "This is a net loss game, with footloose companies shrinking the tax base necessary for the education and infrastructure investments that benefit all employers."
Good Jobs First also reported on the personal income tax (PIT) subsidy, through which employers simply take the state tax paid by their workers. States are pressured into such agreements to keep corporations from moving out. Employees, as a result, are effectively "paying taxes to their boss."
The Impact on All of Us
The end result of this hostage-taking is a breakdown in public services, most notably in education. Schools are deemed to be "not working," and a frantic rush toward privatization leads to even more tax cuts for the business interests charged with the responsibility of "fixing" the broken system. But rarely are we informed that it's our self-serving business and political leaders who broke the system.
Billionaire says the rich are not job creators!
Submitted by louisehartmann on 10. June 2013 - 9:12
One of our nation's richest men, billionaire Nick Hanauer, just destroyed the GOP's economic talking points. In a testimony before the Senate Banking Committee, Hanauer explained why rich people like him are not, in fact, the real job creators. He said, “In the same way that it's a fact that the sun, not earth, is the center of the solar system, it's also a fact that the middle class, not rich business people like me, are the center of America's economy.”
Hanauer talked about a “virtuous cycle,” where middle class consumers have enough money to buy things, which stimulates the economy and creates more jobs. Nick Hanauer was an original investor in Amazon.com, and he founded the company that became Overstock.com. He said that as an investor, he helped start dozens of businesses, but he added, “if no one could have afforded to buy what we had to sell, my businesses would have all failed, and all those jobs would have evaporated.”
During his testimony, Mr. Hanauer called for higher taxes on the wealthy and corporations, and said that money should be used to invest in our middle class. He said, “Prosperity is built from the middle out.” Nick Hanauer understands that we must invest in our nation to get our economy growing again... hopefully, our lawmakers were listening.
Tesla has confirmed it has paid off the entire loan awarded to it by the Department of Energy back in 2010--a full nine years ahead of schedule. The Californian startup wired the remaining $451 million amount yesterday.
The original loan stood at $465 million, though with Tesla’s latest repayment, plus two previous payments made in 2012 and in the first quarter of this year, the government has received the original amount loaned to Tesla [NSDQ:TSLA] plus some interest.
The final loan repayment was made using a portion of the automaker's approximate $1 billion in funds raised during last week’s concurrent offerings of common stock andconvertible senior notes.For the first seven years since its founding in 2003, Tesla was funded entirely withprivate funds, led by co-founder and current CEO Elon Musk.
The DOE loan, provided under the government’s Advanced Technology Vehicle Manufacturing program, was used by Tesla to build two manufacturing facilities: one plant for the award-winning Model S and another for battery, motor and electrical equipment assembly. Both facilities are located in California.
In line with similar mandates applied to other DOE loan beneficiaries, such as Fisker Automotive, Tesla needed to hit certain production milestones to receive the loan funding in full as well as raise matching amounts in private funding. Tesla says repaying the loan early is not only a sign of its success and viability, but it will also help save millions in interest payments.
The latest news comes just weeks after Tesla reported its first profit in the company’s history. Tesla earned a respectable $11 million during the first quarter of 2013.
Tesla is now in the process of ramping up production of its Model S and will soon begin preparations for its next model, the Model X electric crossover.
One Americans plea for President Obama to let us go over proverbial "CLIFF" and return to the Clinton era (A prosperous one, I may add) tax rates. Then we will and see if the so-called low tax champions "The RepubliCONS" are OUR side, or Multi-National/Foreign RICH CON MEN who have ZERO allegiance to America unless they need our military to protect their cowardly butts and greedy financial Interests! Then we will see the REAL RepubliCONS! Tax breaks for us(THE 99%) or tax breaks for the 1% who have been robbing the United States Treasury since for 30 some odd years now!
Yesterday, I proudly endorsed President Obama.
As a combat veteran of two
tours of Vietnam with 22 years of service as a Republican member of the U.S.
House and Senate, the choice was not easy.
But it is clear: President
Obama recognizes that our sacred trust with those who serve starts when they
take their oath, and never ends.
That's why he's enacted tax credits to
spur businesses to hire unemployed veterans and wounded warriors. He implemented
and improved the post-9/11 GI Bill, the largest investment in veterans education
since the original GI Bill more than 60 years ago. He's proposing a Veterans
Jobs Corps that would help put returning service members to work as police
officers, firefighters, and first responders.
President Obama ended the
war in Iraq, and has a plan to responsibly end the war in Afghanistan. He's laid
out a clear plan that would reduce the deficit and prevent the mandatory
arbitrary military spending cuts that no one wants.
And something that
hits close to home: President Obama secured the largest increase in VA
investments in decades, so veterans get the care and benefits they earned, like
treatment for post-traumatic stress disorder (PTSD) and traumatic brain injury.
As someone with service-related PTSD, I meet with younger veterans weekly to
help them through the treatment and transition. It makes a difference for them
knowing their president has their back.And let me be clear: Mitt
Romney and Paul Ryan would be disastrous for America's service members,
veterans, and military families.
When you fail to mention an
ongoing war in accepting your party's nomination to be president, or veterans in
a so-called jobs plan, the public praise rings hollow.
Mitt Romney has
time and again failed the test to be commander-in-chief of our nation's
military. When he politicized the death of Ambassador Chris Stevens and three
other brave Americans in Libya, he demonstrated that he lacks the required
resolve and steadiness. He sowed division between "us" and "them" when he wrote
off 47 percent of Americans, including any veteran collecting disability like
myself. He has still failed to outline any plan to end the war in Afghanistan or
bring our troops home.
He has not proven himself fit to serve as
commander-in-chief of this nation.
That's the difference in this
election. Candidates might praise our service members, veterans, and their
families, but President Obama supports them in word and deed. He never forgets
that standing by those who serve is one of the core values of this
Even as a life-long Republican, I stand by him as he stands by
all of us, putting national allegiance ahead of party
affiliation.Please take a look at my full endorsement, then pass
it along to your friends and family:http://my.barackobama.com/Proud-to-Support-President-Obama
Senator Larry Pressler
President Barack Obama used the Classic Rope-A-Dope strategy
at last night’s debate against Mitt Romney. A ploy once used by the great
Muhammad Ali to defeat a much bigger, stronger and meaner George Forman many years
ago! Mitt Romney came into the first round of debates with all that big money
and power from unknown Super PAC Donors firing on all cylinders hammering Obama
with everything he had. You could see Romney’s desperation hurling lie after
lie, desperate to CON the 47% of Americans he has already written off that he
is in their corner. Obama seem to just stand there and take blow after blow,
taking notes, letting Mitt Romney beat himself with his own words as Romney has
been doing since he started this campaign! Republicans and there rich brethren
were cheering Romney on, Romney was really feeling good, just as George Foreman
felt in the early rounds many years ago as he pounded the great Muhammad Ali
into the ropes. But basically every word out of Romney’s mouth was a lie or an
exaggeration of the truth of what he plans to do if he is elected President of
The United States. Romney danced around that ring moving further and further
away from his own plan, and the Ryan budget for the entire 90 minutes which he and Paul Ryan have been touting
all along to their real constituents they care about…. The Top 1%! When Barrack
Obama comes out swinging in one of the next debates we will see him FLOAT
LIKE A BUTTERFLY, AND STING LIKE A BEE and will KO Mitt Romney with Mitt’s
own words. Despite all his wealth and power Mitt will be powerless to defend
against the quicker and Smarter Obama just a Foreman was so inept in the late rounds many years ago!