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The Bernie Buzz - Bernie Sanders on What Comes Next....

US Politics & Gov't  (tags: abuse, americans, congress, constitution, corruption, cover-up, democrats, dishonesty, economy, elections, ethics, freedoms, government, Govtfearmongering, healthcare, lies, media, military, obama, politics, propaganda, republicans, socialsecurity )

- 1964 days ago -
At 2 a.m. on Jan. 1, the Senate passed a congressional version of a New Year's resolution. "This was not good legislation," Bernie said. "Unfortunately, the alternative of not passing the bill would have been much worse."

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Kit B (276)
Thursday January 3, 2013, 10:13 am
(Photo Credit: MsNBC)

Fiscal Fallout: From The Bernie Buzz

At 2 a.m. on Jan. 1, the Senate passed a congressional version of a New Year’s resolution. “This was not good legislation,” Bernie said. “Unfortunately, the alternative of not passing the bill would have been much worse.” In addition to making sure most Americans do not see an increase in their income taxes and that 2 million workers will continue to receive unemployment compensation, the bill raises taxes on the wealthy and continues credits for families that need help caring for children and sending their kids to college.
Watch Bernie’s statement » ** Video at VISIT SITE***
Watch Andrea Mitchell’s interview on MSNCB »- *** See VISIT SITE***

What's Next?

So what comes next? President Obama’s initial proposal called for $1.6 trillion in new revenue. The bill that passed only brought in $620 billion – 40 percent of what the president originally requested. This not only means that no progress was made on deficit reduction, but that the Republicans (and some Democrats) will be increasingly aggressive about wanting to cut Social Security, Medicare, Medicaid, veterans’ programs and other vitally important programs for working families. Bernie intends to lead the fight against these devastating cuts. As soon as the new Congress reconvenes, he will introduce legislation that will require corporate America to start paying its fair share of taxes.
Read why corporations must pay a fair share »

FROM PDF file that is within the article:

Corporations Must Pay Their Fair Share

 Today corporate profits are at an all-time high, while corporate income tax revenue as a percentage of GDP is near a record low.

 In 1952, 32% of all of the revenue generated in this country came from large corporations. Today, just 9% of federal revenue comes from corporate America.

 At 1.6%, corporate revenue as a percentage of GDP is lower than any other major country in the OECD (Organization for Economic Cooperation and Development) including Britain, Germany, France, Japan, Canada, Norway, Australia, South Korea, Switzerland, Norway, Italy, Ireland, Poland, and Iceland.

 In 2011, corporations paid just 12 percent of their profits in taxes, the lowest since 1972.

 In 2005, 1 out of 4 large corporations paid no income taxes at all even though they collected $1.1 trillion in revenue over that one year period.

 Large corporations and the wealthy are avoiding more than $100 billion in taxes every year by setting up offshore tax shelters in places like the Cayman Islands, Bermuda and the Bahamas.

 In 2009, Exxon Mobil made $19 billion in profits. Not only did they not pay any federal income taxes, they actually received a $157 million rebate from the IRS.

 In 2010, Bank of America received a $1.9 billion tax refund from the IRS, even though it made $4.4 billion in profits. Bank of America operated 371 subsidiaries in offshore tax havens in 2010. 204 of these subsidiaries are incorporated in the Cayman Islands, which has a corporate tax rate of 0%.

 At 15.7%, revenue as a percentage of GDP is at or near the lowest level in sixty years.

Progressive Honor Roll

Bernie was named the “most valuable progressive” of 2012 by The Nation magazine. He was honored for “championing Social Security, Medicare and Medicaid; defending the Postal Service against privatization threats; and opposing media consolidation schemes.” Vermont Gov. Peter Shumlin also was cited for his work on moving Vermont toward the nation’s first single-payer health care system.
Read The Nation » ** link at VISIT SITE***

By Senator Bernie Sander (I) Vermont - | The Bernie Buzz |

I ask you - are large US corporations really paying a fair share? We know that Small Business does not reap these benefits, only the huge corporations that attempt to own the US and many other government get this special tax treatment. Is that fair?

Nancy M (197)
Thursday January 3, 2013, 1:12 pm
I wonder if we should have let those "too big to fail" companies fail after all.

Sheryl G (363)
Thursday January 3, 2013, 6:57 pm
Gee is it just me, I'm not getting the Bernie story at the link. Bernie is a smart and is also a man that cares, that is a great combination.

Kit B (276)
Thursday January 3, 2013, 8:01 pm

Nope it's not just you Dandelion, but that is why I post as much as possible on the comments section this happens too often.

Ingo Schreiner (8)
Friday January 4, 2013, 3:26 am

Mitchell D (87)
Friday January 4, 2013, 2:02 pm
You go, Bernie!
Corporate tax levels, I'm willing to bet, went down during the administration of Saint Reagan, just as levels of taxes on the very wealthy did. (Even while he gutted human services, in the name of fiscal responsibility. Any time you hear a Republican claim that that is his/her goal, you are being handed a euphemism for "Feed the rich.") Reagan managed to redistribute wealth, in this country, upwards. Unfortunately, even though many of the wealthy voiced a willingness recently, to pay more in taxes, the GOP boys were not willing to even nibble the hand that feeds them, not annoy the Plutocrats at the very top of the food chain.
"Trickle Down Economics" is another snow-job!

Lois Jordan (63)
Friday January 4, 2013, 3:56 pm
Noted. Thanks, Kit. I couldn't access the page either. Bernie was the best Progressive Sen. in Congress. I say that only because now we have Elizabeth Warren fighting alongside him.

Angelika R (143)
Friday January 4, 2013, 5:05 pm
Thanks Kit. Fortunately I have already read it as I'm on his mailing list and cannot access Yahoo either unless creating account. For those who like to read all of it here's the link to his page:

Bernie Buzz: Fiscal Fallout

Need i say that I fully agree with Bernie...the hero.

Robert K (31)
Monday January 7, 2013, 6:25 pm
Yeah, too bad Senators don't get the number of votes they should when they vote to improve the country. If they did, Bernie would get 10,000 times as many as the entire Republican party.

And 5 billion times as many as Mitch McChinless.

Ruth R (246)
Thursday March 7, 2013, 3:19 pm
The senators, represenstatives, and the billionaire corporations need to have a heart change -- and show their thanksgiving that they got where they got-- abundance -- by making contributions to pay the national deficit. This is a crazy thought -- and it might work! Get a non-profit organized to solicit the senators, reps, and billionaire corporations, and millionaire corporation and we could get the USA deficit paid. WILL YOU PELASE READ THIS -- BECAUSE IT IS NOT MY THOUGHT ONLY !

Ruth R (246)
Thursday March 7, 2013, 3:21 pm
This is a crazy thought -- and it might work! Get a non-profit organized to solicit the senators, reps, and billionaire corporations, and millionaire corporation and we could get the USA deficit paid. WILL YOU PLEASE READ THIS -- BECAUSE IT IS NOT MY THOUGHT ONLY ! IT MAY PAY THE NATIONAL DEFICIT DOWN SOME,AND THEN DOWN SOME....
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