01-02-2013, 07:56 PM #61
And I still haven't been shown where I said taxes are only going up on the rich. So, if Jay is going to make a nonsensical post about something not said, why can't I give an English lesson once in awhile.
You shouldn't take life so seriously. It'll kill you eventually if you do.
01-02-2013, 10:33 PM #62
01-02-2013, 10:39 PM #63
I thought the Democratic Party was going to close the tax loopholes for the wealthy? Looks like the White House took care of the wealthy in a big way. Hypocrites.
General Electric and Citigroup, for instance, hired Breaux and Lott to extend a tax provision that allows multinational corporations to defer U.S. taxes by moving profits into offshore financial subsidiaries. This provision -- known as the "active financing exception" -- is the main tool GE uses to avoid nearly all U.S. corporate income tax.
Liquor giant Diageo also retained Breaux and Lott to win extensions on two provisions benefitting rum-making in Puerto Rico.
The K Street firm Capitol Tax Partners, led by Treasury Department alumni from the Clinton administration, represented an even more impressive list of tax clients, who paid CTP more than $1.68 million in the third quarter.
Besides financial clients like Citi, Goldman Sachs and Morgan Stanley, CTP represented green energy companies like GE and the American Wind Energy Association. These companies won extension and expansion of the production tax credit for wind energy.
Hollywood hired CTP, too: The Motion Picture Association of America won an extension on tax credits for film production.
After packing 50 tax credit extensions into the bill, the committee voted 19 to 5 to pass it. But then it stalled. The Senate left for the conventions and the fall campaign. Meanwhile, House Republicans signaled resistance to some of the extensions -- especially for green energy.
One lobbyist said he didn't worry too much about the Baucus bill because "we knew the House wasn't going to pass it." But another lobbyist, who had worked on the Puerto Rico issues, said he saw Baucus' bill as an important starting point that "set the parameters" of a future fight with House Republicans.
But there never was a fight. Baucus' bill sat ignored until last week, when the White House sat down with Senate Republicans to craft a deal averting the fiscal cliff.
A Republican Senate aide familiar with the cliff negotiations tells me the White House wanted permanent extensions of a whole slew of corporate tax credits. When Senate Republicans said no, "the White House insisted that the exact language" of the Baucus bill be included in the fiscal cliff deal. "They were absolutely insistent," another aide tells me. (The White House did not return requests for comment.)
Sure enough, Title II of the fiscal cliff legislation is nearly a word-for-word replication of the Family and Business Tax Cut Certainty Act of 2012.
So, this wasn't a case of lobbyists sneaking provisions into a huge package at the last minute. That probably wouldn't have been possible, many lobbyists told me Wednesday, because the workload in the past two weeks was too large and the political stakes were too high.
One lobbyist who worked on the bill over the summer said he would never ask a member " 'Hey, can you do this for a client,' when their political lives are on the line."
"The legislators and the staff go underground when things get so intense," another Hill staffer-turned-lobbyist told me. "Nobody has time for a meeting. Nobody wants to talk about what's going on. ... The key is to plant the seed months in advance."
GE, Goldman Sachs, Diageo -- they planted their seeds over the summer. They'll enjoy the fruit in the new year.Buying "Broder" unlicensed sets and singles.
01-02-2013, 10:42 PM #64
01-02-2013, 10:45 PM #65
01-02-2013, 11:55 PM #66
Needs: Brewers Pitcher Mark Rogers '04 pick
Red Sox - HOF & Current Players
Current Patriots Cards
Larry Bird, Carmelo/Lebron/Wade RC's
01-03-2013, 01:07 AM #67
01-03-2013, 12:43 PM #68
01-03-2013, 12:44 PM #69
Cool it guys.Blog: Hidden Content
Steven Jackson Collection- 30 RCs, 160 #D, 182 GU/Patch, 23 AU, 8 Au/Jsy, Three 1/1
Jermaine Gresham: 29 RCs, 26 #D, 30 GU/Patch, 25 AU, 29 Au/Jsy
Steelers: 74 #D, 37 GU/Patch, 22 AU, 6 AU/GU
Josh Johnson: 16 RCs, 9 #D, 17 Autos
01-03-2013, 12:50 PM #70
Tell that "person" I know what country I live in. If he's just happy he can spell it tell him to get a crayon. This guy brings nothing to the table whatsoever, just tells me I'm Canadian. I know. He may forget where he lives every day and need a reminder. I don't. It's useless and people who do that are useless.
Just end the ignorance, please.