Anchor ads are not supported on this page.

4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs

Retro Active Tax Refund in Stimulus Bill is a Windfall For Corporations

The Bill being pushed by President Obama looks like its on its way to being passed unless we get on the phone and oppose it. This Bill offers some of the most egregious and irresponsible tax refunds to the CEO's that single handedly produced this current crisis. The vast majority of the mortgage fraud has gone unpenalized and remains largely undiscovered. Its been wrapped up and packaged by Wall Street as derivatives and various other Wall Street instruments. The impact of which has yet to really be realized. Please take a closer look at the details before we all say "What were we thinking?"

It is essentially the same bad policy as the bank bailout. Corporations can retroactively apply for tax refunds for all the profits they paid taxes on over the past 5 years. Think about that. Who does that benefit the most? Who made the biggest profits over the past 5 years and now is experiencing the biggest losses....the homebuilders, the real estate investors, the financial planners, the mortgage industries that perpetrated the most fraud and made the biggest profits. They now get all that money back and we have to pay for it. This graph shows the House Bill breakdown and the Senate is even more compromised to the Corporations.

Think about it. Does it make sense that we cut 16 billion in education construction but left the part in where we will be sending billions in tax refunds to developers? Wouldn't that money be better spent on education construction than in the developer's pocket? That money would put their industry to work so why give it to them with no strings attached where they can sock it away the same way the bank CEOs did.

If we let this pass we will have no one to blame but ourselves. I know not everyone likes politics, but right now we have to. We have to pay attention. This Congress has already proven that it cannot be trusted. It is not a Democrat or a Republican thing. Their big money is coming from the same places and no one is looking out for us but us. So I urge you to take a second and look at how this package is the same bad policy as the bank bailout. Call your senators and the Whitehouse. 202 456-1111

Here's something you might be interested in.
Submit a free classified
or view all

Previous article

Halloween opera style

Faust is the quintessential example

The Bill being pushed by President Obama looks like its on its way to being passed unless we get on the phone and oppose it. This Bill offers some of the most egregious and irresponsible tax refunds to the CEO's that single handedly produced this current crisis. The vast majority of the mortgage fraud has gone unpenalized and remains largely undiscovered. Its been wrapped up and packaged by Wall Street as derivatives and various other Wall Street instruments. The impact of which has yet to really be realized. Please take a closer look at the details before we all say "What were we thinking?"

It is essentially the same bad policy as the bank bailout. Corporations can retroactively apply for tax refunds for all the profits they paid taxes on over the past 5 years. Think about that. Who does that benefit the most? Who made the biggest profits over the past 5 years and now is experiencing the biggest losses....the homebuilders, the real estate investors, the financial planners, the mortgage industries that perpetrated the most fraud and made the biggest profits. They now get all that money back and we have to pay for it. This graph shows the House Bill breakdown and the Senate is even more compromised to the Corporations.

Think about it. Does it make sense that we cut 16 billion in education construction but left the part in where we will be sending billions in tax refunds to developers? Wouldn't that money be better spent on education construction than in the developer's pocket? That money would put their industry to work so why give it to them with no strings attached where they can sock it away the same way the bank CEOs did.

If we let this pass we will have no one to blame but ourselves. I know not everyone likes politics, but right now we have to. We have to pay attention. This Congress has already proven that it cannot be trusted. It is not a Democrat or a Republican thing. Their big money is coming from the same places and no one is looking out for us but us. So I urge you to take a second and look at how this package is the same bad policy as the bank bailout. Call your senators and the Whitehouse. 202 456-1111

Sponsored
Here's something you might be interested in.
Submit a free classified
or view all
Previous article

Giftcards,Banking & BASEBALL Oh My

Next Article

Developer Billion Dollar Bailout Hidden in Stimulus Bill

Ask a Hipster — Advice you didn't know you needed Big Screen — Movie commentary Blurt — Music's inside track Booze News — San Diego spirits Classical Music — Immortal beauty Classifieds — Free and easy Cover Stories — Front-page features Drinks All Around — Bartenders' drink recipes Excerpts — Literary and spiritual excerpts Feast! — Food & drink reviews Feature Stories — Local news & stories Fishing Report — What’s getting hooked from ship and shore From the Archives — Spotlight on the past Golden Dreams — Talk of the town The Gonzo Report — Making the musical scene, or at least reporting from it Letters — Our inbox Movies@Home — Local movie buffs share favorites Movie Reviews — Our critics' picks and pans Musician Interviews — Up close with local artists Neighborhood News from Stringers — Hyperlocal news News Ticker — News & politics Obermeyer — San Diego politics illustrated Outdoors — Weekly changes in flora and fauna Overheard in San Diego — Eavesdropping illustrated Poetry — The old and the new Reader Travel — Travel section built by travelers Reading — The hunt for intellectuals Roam-O-Rama — SoCal's best hiking/biking trails San Diego Beer — Inside San Diego suds SD on the QT — Almost factual news Sheep and Goats — Places of worship Special Issues — The best of Street Style — San Diego streets have style Surf Diego — Real stories from those braving the waves Theater — On stage in San Diego this week Tin Fork — Silver spoon alternative Under the Radar — Matt Potter's undercover work Unforgettable — Long-ago San Diego Unreal Estate — San Diego's priciest pads Your Week — Daily event picks
4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
Close

Anchor ads are not supported on this page.

This Week’s Reader This Week’s Reader