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Thread: CEO Council Demands Cuts To Poor, Elderly While Reaping Billions In Government Contra

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    CEO Council Demands Cuts To Poor, Elderly While Reaping Billions In Government Contra

    Gotta just love the pigs dont we.....umm no I dont

    The corporate CEOs who have made a high-profile foray into deficit negotiations have themselves been substantially responsible for the size of the deficit they now want closed. The companies represented by executives working with the Campaign To Fix The Debt have received trillions in federal war contracts, subsidies and bailouts, as well as specialized tax breaks and loopholes that virtually eliminate the companies' tax bills.
    The CEOs are part of a campaign run by the Peter Peterson-backed Center for a Responsible Federal Budget, which plans to spend at least $30 million pushing for a deficit reduction deal in the lame-duck session and beyond.
    During the past few days, CEOs belonging to what the campaign calls its CEO Fiscal Leadership Council -- most visibly, Goldman Sachs' Lloyd Blankfein and Honeywell's David Cote -- have barnstormed the media, making the case that the only way to cut the deficit is to severely scale back social safety-net programs -- Medicare, Medicaid, and Social Security -- which would disproportionately impact the poor and the elderly.
    As part of their push, they are advocating a "territorial tax system" that would exempt their companies' foreign profits from taxation, netting them about $134 billion in tax savings, according to a new report from the Institute for Policy Studies titled "The CEO Campaign to ‘Fix’ the Debt: A Trojan Horse for Massive Corporate Tax Breaks" -- money that could help pay off the federal budget deficit.


    CEO Council Demands Cuts To Poor, Elderly While Reaping Billions In Government Contracts, Tax Breaks

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    Re: CEO Council Demands Cuts To Poor, Elderly While Reaping Billions In Government Co

    These types of people are the ones who push austerity the most as they don't have to feel the effects of it. Their kids will still get a top-notch education and they'll still have their 3 houses, yacht, and mercedes car. In their minds the only people who are getting screwed over are the peasants- you and me.
    "And in the end, we were all just humans, drunk on the idea that love, only love, could heal our brokenness."

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    Re: CEO Council Demands Cuts To Poor, Elderly While Reaping Billions In Government Co

    In my experiences with life I have noticed that the richest people are the most greedy. It's as if it's really not about the money but some sick game they play.

    Case in point: I know a rich republican who has all the republican presidents posted on his wall. He made a fortune as a slum lord renting to mostly black people under section 8, who he has nothing but contempt for. He is a total hypocrite.

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    Re: CEO Council Demands Cuts To Poor, Elderly While Reaping Billions In Government Co

    Its kind of intriguing actually. The left I mean. They say tax the rich to reduce the deficit but yet when you look at the deficit in the future - meaning future obligations - its not for the rich. Its for social security that was looted, medicare that is woefully unfunded and future retirement benefits of city, county, state and to some extent federal employees. The future debt is to the poor not to the rich at all. I wonder what that "poor" will do when they've destroyed the dollar? I think the rich will be fine.


    Quote Originally Posted by lpast View Post
    Gotta just love the pigs dont we.....umm no I dont

    The corporate CEOs who have made a high-profile foray into deficit negotiations have themselves been substantially responsible for the size of the deficit they now want closed. The companies represented by executives working with the Campaign To Fix The Debt have received trillions in federal war contracts, subsidies and bailouts, as well as specialized tax breaks and loopholes that virtually eliminate the companies' tax bills.
    The CEOs are part of a campaign run by the Peter Peterson-backed Center for a Responsible Federal Budget, which plans to spend at least $30 million pushing for a deficit reduction deal in the lame-duck session and beyond.
    During the past few days, CEOs belonging to what the campaign calls its CEO Fiscal Leadership Council -- most visibly, Goldman Sachs' Lloyd Blankfein and Honeywell's David Cote -- have barnstormed the media, making the case that the only way to cut the deficit is to severely scale back social safety-net programs -- Medicare, Medicaid, and Social Security -- which would disproportionately impact the poor and the elderly.
    As part of their push, they are advocating a "territorial tax system" that would exempt their companies' foreign profits from taxation, netting them about $134 billion in tax savings, according to a new report from the Institute for Policy Studies titled "The CEO Campaign to ‘Fix’ the Debt: A Trojan Horse for Massive Corporate Tax Breaks" -- money that could help pay off the federal budget deficit.


    CEO Council Demands Cuts To Poor, Elderly While Reaping Billions In Government Contracts, Tax Breaks

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    Re: CEO Council Demands Cuts To Poor, Elderly While Reaping Billions In Government Co

    Quote Originally Posted by CalGun View Post
    Its kind of intriguing actually. The left I mean. They say tax the rich to reduce the deficit but yet when you look at the deficit in the future - meaning future obligations - its not for the rich. Its for social security that was looted, medicare that is woefully unfunded and future retirement benefits of city, county, state and to some extent federal employees. The future debt is to the poor not to the rich at all. I wonder what that "poor" will do when they've destroyed the dollar? I think the rich will be fine.

    the rich will always get richer and the poor will always get poorer.

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    Re: CEO Council Demands Cuts To Poor, Elderly While Reaping Billions In Government Co

    Quote Originally Posted by CalGun View Post
    Its kind of intriguing actually. The left I mean. They say tax the rich to reduce the deficit but yet when you look at the deficit in the future - meaning future obligations - its not for the rich. Its for social security that was looted, medicare that is woefully unfunded and future retirement benefits of city, county, state and to some extent federal employees. The future debt is to the poor not to the rich at all. I wonder what that "poor" will do when they've destroyed the dollar? I think the rich will be fine.

    Thats not true with me at all...Ive always said a balanced solution, meaning cutting loopholes for the rich, taxing Foriegn income to promote job creation here and reasonable changes to entitlements.

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    Re: CEO Council Demands Cuts To Poor, Elderly While Reaping Billions In Government Co

    Quote Originally Posted by LiberalAvenger View Post
    the rich will always get richer and the poor will always get poorer.

    Thats another constant constant....its when the middleclass gets poorer and shrinks...thats why the country is in deep doo doo like they are right now...and the only thing that makes the middleclass poorer and smaller is when the rich go overboard and take too much...and thats exactly what they have been doing for 20 yrs

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    Re: CEO Council Demands Cuts To Poor, Elderly While Reaping Billions In Government Co

    Cutting loopholes for the rich will likely cut jobs for the poor. Do you realize that? While the left is key on wanting to end the Bush era tax cuts and say its for deficit reduction that means no new jobs are created and if the rich was going to use that to create jobs - that is halted as well. That is a big "if" but since the government pledges to reduce deficit spending with it there is certain to be no job creation on that end. Or are we being lied too and there will be more spending by the government? You want to tax foreign profits? So why be an American company at all? That suggestion would cause many to locate their corporations out of America and ship their products here if they are desired.

    Why not just impose a 5% sales tax on everyone and increase government revenue $600 billion so that the poor can keep the social services they've voted for and not ruin the dollar for everyone?


    Quote Originally Posted by lpast View Post
    Thats not true with me at all...Ive always said a balanced solution, meaning cutting loopholes for the rich, taxing Foriegn income to promote job creation here and reasonable changes to entitlements.

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    Re: CEO Council Demands Cuts To Poor, Elderly While Reaping Billions In Government Co

    Really? If you look at the last 100 years of America the rich have gotten richer and the poor have gotten richer too.


    Quote Originally Posted by LiberalAvenger View Post
    the rich will always get richer and the poor will always get poorer.

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    Re: CEO Council Demands Cuts To Poor, Elderly While Reaping Billions In Government Co

    Quote Originally Posted by CalGun View Post
    Cutting loopholes for the rich will likely cut jobs for the poor. Do you realize that? While the left is key on wanting to end the Bush era tax cuts and say its for deficit reduction that means no new jobs are created and if the rich was going to use that to create jobs - that is halted as well. That is a big "if" but since the government pledges to reduce deficit spending with it there is certain to be no job creation on that end. Or are we being lied too and there will be more spending by the government? You want to tax foreign profits? So why be an American company at all? That suggestion would cause many to locate their corporations out of America and ship their products here if they are desired.

    Why not just impose a 5% sales tax on everyone and increase government revenue $600 billion so that the poor can keep the social services they've voted for and not ruin the dollar for everyone?
    Nope...taxes dont create nor eliminate jobs...and there is no trickle down from tax cuts...and the rich dont pay their fair share...off shore accounts and loopholes assure that...along with all the other govt gimmes that enrich them at the middleclass working class's expense...all while they enjoy slave labor in china and cheap labor in other companies...which produce GARBAGE products many times..
    They are now realizing that all their outsourcing and taking jobs from americans out of greed has created another dilemna for them..now theres not enough americans with a job or a decent paying job to buy all the garbage products they need to sell...

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