Fiscal Cliff Deal Sneaked In Wall Street Gifts, NASCAR Perk | TigerDroppings.com
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CajunAngele
LSU Fan
Member since Oct 2012
15488 posts

Fiscal Cliff Deal Sneaked In Wall Street Gifts, NASCAR Perk

The 11th-hour deal to avert the so-called fiscal cliff preserved billions of dollars in corporate tax giveaways even as it slashed take-home pay for millions of American workers.

Tucked inside the last-minute fiscal cliff package were more than a dozen tax loopholes, many of which will benefit Wall Street financial firms and some of the nation's biggest corporations. These breaks will cost billions of dollars in the coming year, underscoring the lobbying power of corporate interests.

The deal was less kind to the middle class. Congress permitted a cut in the payroll tax to expire, meaning that the tax burden for the average worker will increase about $1,000 in 2013.

"This shows that the lobbyists are able to get what they want even when everyone else is starving," said Phineas Baxandall, senior analyst for tax and budget policy at the U.S. Public Interest Research Group. "It also shows they are best able to get what they want when no one else is paying attention."

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CajunAngele
LSU Fan
Member since Oct 2012
15488 posts

re: Fiscal Cliff Deal Sneaked In Wall Street Gifts, NASCAR Perk
We all know Obama would never do this. He can't stand the rich fat cats. George W. Bush must have snuck this in the fiscal cliff package.


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Revelator
Member since Nov 2008
18351 posts

re: Fiscal Cliff Deal Sneaked In Wall Street Gifts, NASCAR Perk
The sooner people understand that globalist dictate what our gov. does or doesn't do, and that they want to eliminate the middle class completely, the sooner there will be a revolution.


djmicrobe
LSU Fan
Planet Earth
Member since Jan 2007
1314 posts

re: Fiscal Cliff Deal Sneaked In Wall Street Gifts, NASCAR Perk
It's worse than that.
Read the book: They Fired the first Shot


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LSUgusto
Member since May 2005
16570 posts

re: Fiscal Cliff Deal Sneaked In Wall Street Gifts, NASCAR Perk
I hope the report I heard was wrong, but this was the gist of it:

- The tax break deals were constructed by lobbyists last summer
- These details were inserted at the last minute at the insistence of the White House
- The bill existed for 3 minutes before the Senate voted on it, meaning they had "to pass it to find out what's in it."

Someone out there tell me the above is wrong.

ETA: The 3-minute period was for a bill of 154-pages.
This post was edited on 1/5 at 10:16 pm


Cholo
LSU Fan
National City, CA
Member since Oct 2012
1076 posts

re: Fiscal Cliff Deal Sneaked In Wall Street Gifts, NASCAR Perk
Both parties are for sale.


boosiebadazz
Member since Feb 2008
48953 posts

re: Fiscal Cliff Deal Sneaked In Wall Street Gifts, NASCAR Perk
Why does this still surprise you? It's been like this for years. Obama was the best hope to change the system, but the system is too powerful and too entrenched for any one man to change.


cahoots
LSU Fan
Red Stick
Member since Jan 2009
2087 posts

re: Fiscal Cliff Deal Sneaked In Wall Street Gifts, NASCAR Perk
This stuff has been going on forever. It was one of the focal points of the more intelligent side of the Occupy movement. It's why Stephen Colbert formed a SuperPAC. People are tired of groups with deep pockets that seem to direct the country in whatever way they please.


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Caplewood
Penn Fan
Atlanta Braves Fan
Member since Jun 2010
19843 posts

re: Fiscal Cliff Deal Sneaked In Wall Street Gifts, NASCAR Perk
nice try boosie


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ragincajun03
LA-Lafayette Fan
Energy Capital of the World
Member since Nov 2007
6658 posts

re: Fiscal Cliff Deal Sneaked In Wall Street Gifts, NASCAR Perk
quote:

Both parties are for sale.


Bingo.

I posted an article on here earlier in the week that named former U.S. Senators Trent Lott (R-MS) and John Breaux (D-LA) as two of the main players in working a bunch of sweet pork into this supposed "fiscal cliff" deal.


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Scruffy
USA Fan
Member since Jul 2011
36363 posts

re: Fiscal Cliff Deal Sneaked In Wall Street Gifts, NASCAR Perk
quote:

Obama was the best hope to change the system, but the system is too powerful and too entrenched for any one man to change.


Some of y'all are hilarious. How do you think these people even get the possibility to be elected?


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skinny domino
LSU Fan
sebr
Member since Feb 2007
7240 posts

re: Fiscal Cliff Deal Sneaked In Wall Street Gifts, NASCAR Perk
quote:

NASCAR Perk
I thought all the NASCAR owners hated Obama -


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