The Bipartisan Compromise

  Okay, I got an email from the White House which purports to explain the debt ceiling bill which Obama signed this week.

  It is in graph form for an easy explanation so check it out.

  Is it fact or is it just more government fiction? You decide.

White house Budget Compromise

Technorati Tags: Barack Obama,Deficit Ceiling,Budget Cuts,Current Events,Politics

Eric Cantor:'That's what business does'

  Try this on for size, will you? The airlines have gotten what is basically a tax cut from the government because they cannot collect the $30 per ticket tax due to the lack of funding to the FAA. Are those airlines passing the savings which they are enjoying on to their customers? Hell no! This ploy enforces the fact that corporations are pretty much just sticking those tax cut savings into their own pockets. Have you seen any jobs being created by the Bush/Obama tax cuts? I thought not.

  Eric Cantor thinks that keeping that money is just fine and dandy.

CANTOR: And what airlines have done is have stepped in and said, well, if we’re not going to pay that money to the federal government, we’re going to keep it towards our own bottom line. And I guess that’s what business does.

 

ThinkProgress, Alex Seitz-Wald :

Oddly, Cantor seems to be unintentionally making the progressive argument about corporate taxes here. While conservatives generally argue that cutting business tax rates will lead to companies passing on savings to consumers and hiring more employees, progressives argue that corporations will just pocket much of these savings.

Technorati Tags: FAA,Airlines,Eric Cantor,Republicans,Corporations,Current Events,Politics.John Conyers