AUSTERITY & OPPRESSION SUPPORTERS VS THE PROGRESSION Of The REST OF US
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Fear, Uncertainty, and Doubt: Big Business's Tax Code Strategy

Fear, Uncertainty, and Doubt: Big Business's Tax Code Strategy | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it

Today's New York Times article titled "Major Companies Push the Limits of a Tax Break" strikes me as a microcosm of the challenges with the federal tax code.

It also reveals something else. It's a marketing strategy called FUD - Fear, Uncertainty, and Doubt - and it's being used by the rich and powerful to protect tax codes which benefit them by making the rest of us afraid to support efforts to change or eliminate those tax loopholes.

The article describes a 90-year old tax code modification supposedly meant to be helpful to farmers and small businesses. When discussing tax codes as "helpful" it's important to always remember that that help comes with a price tag. That "help" means that the government isn't taxing a transaction. That, of course, means less tax revenues into the federal treasury and, like it or not, we will not see our federal debt lowered and our federal budget come closer to balance unless both sides of the ledger - expenses AND revenues - are tackled.

Don't get me wrong. I don't oppose every tax code meant to help businesses, especially small businesses. What I vehemently oppose is what seems to have happened here. It appears from this article that this incentive originally intended to benefit farmers and small businesses was eventually expanded and perverted into something that the likes of JPMorgan, Wells Fargo, and GE may have abused.

How does that happen and why aren't we capable of doing something about it?

Perhaps this is one possible answer.

Whenever the topic turns to the economy, business, and taxation, we seem to allow the rich and powerful to control the discussion and to set the framework for what to do next. We allow the to do this by employing a strategy those of us in the sales and marketing profession know as FUD - Fear, Uncertainty, and Doubt. Here's how it works.

We allow them to manipulate and control us by controlling the discussion mostly through fear and with heavy doses of uncertainty and doubt. Too many of us are easily (and to some degree, justifiably) frightened by the threat of the loss of the most basic thing needed to survive in a modern society; namely and for starters, a job which pays enough (but not always enough) just for food and shelter.

The things that used to signal the arrival into the middle class - higher education, vacations, and even a little free time to pursue interests outside of two or three part-time jobs - are now available and affordable to fewer and fewer people. All this at a time when taxes are at historic lows, regulation on businesses of all types has been progressively shredded over the last 30 years, the wealth gap is wider than it's been since the Gilded Age, and the federal debt keeps ballooning.

When it comes to taxes, the rich and powerful use FUD to make the same argument they always make: the beneficial tax treatment of these "...asset exchanges spur investment and help create jobs." They frame the discussion about raising taxes and doing away with loopholes by saying that if they are taken away there will be less investment and fewer jobs. My response to that argument is pretty consistently this: if that's true then why is unemployment still just under 8% and why isn't the economy growing faster? You rich and powerful people are getting what you want and it's still not enough?

This is overly simplistic, I know, but I still believe it's a valid stance to take in this argument. It's still a legitimate way to tear down and take back the framing they want to use when it comes to the tax code. If tax breaks like this are so great, then why are we in the terrible state we're in and why aren't the rich and powerful investing more into a recovery? 

And when it comes to changing the tax code as a means for helping to reverse the federal government's mounting debt, the discussion must be first and foremost about the sort of code changes like this one that benefit GE and Wells Fargo long before even thinking about code changes such as eliminating mortgage interest deductions.

It's far past the time to end the corporate welfare system. That must begin with changes to the corporate tax codes. They must pay more, not less. Corporations have already proven they'll adapt and, besides, how much more is left for them to outsource overseas? They've refused to do anything except hold us all hostage through fear of job loss while they sit atop record-setting profits.

It's time to call their bluff.

One of the greatest challenges we face for reversing tax codes that benefit only the strong, the wealthy, and the powerful is our ability and willingness to call them out on their FUD strategy and to tell them that, "We're mad as hell and..."Well, you know the rest.

More than that, our elected officials need to know they can't use FUD on us either. If they have the courage to stand up to big money and the power elite, then they need to know that we will stand with them. We need more people like Bernie Sanders and Elizabeth Warren who seem to actually care about the middle class enough to stand up to Wall Street, big corporations, and the infinitesimally small number of wealthy people in America who already have rigged the system far too long and far too much to their advantage.

The wealthy aren't doing anything much to help the rest of us, so why should we keep kowtowing to them and their interests? Let's close tax loopholes that benefit large and wealthy corporations. It's a better place to start than with my home mortgage interest deduction.

Click here to find your Congressional Representative and tell him/her what you think. It's the only way they'll know.

Click here to learn more about and to get involved with Coffee Party USA and the work they're doing to restore our democracy.


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AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US
GOP News, Libertarian news, Democratic News, World News and Reflections of Trends & Events that impact Austerity, Oppression or Progression of Societies.
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The FCC will vote Thursday to repeal net neutrality — here's what that means for you

The FCC will vote Thursday to repeal net neutrality — here's what that means for you | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Business Insider France est un site d’information sur l’économie, les technologies, les entrepreneurs, l’innovation, les découvertes et bien plus encore. En texte, en images, en vidéos et en graphiques, de l’actualité essentielle et percutante.
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Trump’s mining regulator nominee was once dropped by the agency for doing “junk” work

Trump’s mining regulator nominee was once dropped by the agency for doing “junk” work | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Award-winning news and culture, features breaking news, in-depth reporting and criticism on politics, business, entertainment and technology.
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But in Gardner’s case, there is an unusual — and contentious — twist: He runs an engineering firm that produced a report as part of the process of preparing that regulation, and the agency deemed it so shoddy that it cut ties with Gardner’s company. Now he’s the nominee to head that agency, the Office of Surface Mining Reclamation and Enforcement. (In broad terms, OSMRE — pronounced “oz-muhr” — focuses on mining’s effect on the environment, while the other key regulator, the Mine Safety and Health Administration, focuses on the welfare of miners.)

State and federal officials at the time harshly criticized a draft report produced jointly by Gardner’s firm, ESCI, and other contractors. They blasted it as “nonsensical,” “junk,” “inaccurate and incomplete,” and “a piece of crap.” Some OSMRE staff members went so far as to accuse Gardner of trying to sabotage the regulation his firm was hired to help develop.

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Why GOP faces challenge selling tax cuts to younger voters

When it comes to Republican tax policy, Millennials are the least-supportive age group. Partly, it's proposal details like those on college debt. Partly, it's the values of a generation raised during the Great Recession
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Trump and GOP tax cut is handing corporations like Ford a giant incentive to move offshore

Trump and GOP tax cut is handing corporations like Ford a giant incentive to move offshore | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Award-winning news and culture, features breaking news, in-depth reporting and criticism on politics, business, entertainment and technology.
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Why rural voters don’t vote Democratic anymore

Why rural voters don’t vote Democratic anymore | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
A conversation with U.S. Rep. Collin Peterson, one of the last Blue Dog Democrats.
Monica S Mcfeeters's insight:

Saw this on a Quora Answer...this is truly wise and aware of what occured ovwe 30 to 40 years.

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At least 15 U.N. peacekeepers killed in attack in Congo

At least 15 U.N. peacekeepers killed in attack in Congo | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
The assault was one of the deadliest in years on U.N. peacekeepers.
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Fox News hosts' outrage against Mueller hits the wrong target

Fox News hosts' outrage against Mueller hits the wrong target | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Many of Fox News' on-air personalities seem to be more outraged by the Mueller investigation than by threats to our elections, writes Dean Obeidallah.
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Home

Home | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Monica S Mcfeeters's insight:
This group helps you reach your representatives in DC more directly.
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Germany Denounces The United States Under Trump’s Leadership, Releases Historic Statement

Germany Denounces The United States Under Trump’s Leadership, Releases Historic Statement | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Germany’s top diplomat has just informed the United States that they no longer see the United States as the ally they once were, saying that leadership from President Donald Trump has led Eur…
Monica S Mcfeeters's insight:
Historical! Trump and the GOP makes history around the globe by for the first time making America selfish and less respected now that our self identified “Christian” Right wing has embraced the “self first” morality of Ayn Rand. The Koch and friends twisted version of Ayn’s objectivism/libertarian morality has consumed what was once Republican and now Republican simply does not exist..... them are sort of like the walking dead... luckily the rest of the world is standing up against Ayn’s influences. We need to build our American resistance to this morality as well to gain respect of the world or even self respect. Trump and the GOP have a seriously flawed plan for our society.
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Analysis | Scandal cost three congressmen their jobs this week. The last time something like this happened, it was over slavery.

Analysis | Scandal cost three congressmen their jobs this week. The last time something like this happened, it was over slavery. | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
To find an equivalent comparison of mass congressional resignations, historians say you'd have to go back to the Civil War.
Monica S Mcfeeters's insight:
Sorry Folks! I guess some women get excited easier than others but butt grabbing and sloppy unwanted kissing just doesn’t rise to the level of assault to me. That falls in my categories of inexperienced want to be lovers, clumsy lovers, or just plain clumsy and uncoordinated, yucky, smack bait or coffee spill “opps I didn’t see you there”... sorry.... and you have to do it to the same person more than once or twice to hit those categories. Franken must be some butt grabber to for a gal to remember that was more than a day or two.I personally think an apology and the embarrassment of the public yuk reaction is punishment enough. Now genitalia grabbing and firing or otherwise harming careers a person’s future or advancing that person’s future will due to sexual denies or acceptance and child seduction is another issue all together. They should be fired. RExtramarital affairs out side of the workplaces also fit in the categories of poor character and questionable leadership.character even if they are not illegal any
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Europe Travel Alert

Monica S Mcfeeters's insight:

Monica S Mcfeeters's insight:
Pence, Kasish, Cruz and Rubio all poster children for the American Legislative Exchange Council corporate bill mill and the Heritage Foundation and still are.... no love loss for anyone going down that is associated with pushing ALEC and libertarian morality over ordinary Americans. Good ridden!

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Monica S Mcfeeters's curator insight, December 8, 8:59 PM

Basically if you plan to leave America to see the world no one wants us there.... so just don’t.... stay home! This alert from the state Department is for Europe and don’t even consider the holly land or anywhere in the Mideast.... including Turkey.... Merry Christmas to the world from Trump-land.... Trump thinks we should love only ourselves....I guess now we can all stay home and forget the rest of the world.

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What is Trump's real record at Wharton?

What is Trump's real record at Wharton? | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Donald Trump repeatedly questioned President Barack Obama's academic record, but it's Trump's academic record that has lingering questions.
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Britain and E.U. reach divorce deal to move on to new phase in Brexit talks

Britain and E.U. reach divorce deal to move on to new phase in Brexit talks | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
The announcement means Britain and the E.U. will likely start trade talks next year.
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Why Trump’s evangelical supporters welcome move on Jerusalem

Why Trump’s evangelical supporters welcome move on Jerusalem | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Award-winning news and culture, features breaking news, in-depth reporting and criticism on politics, business, entertainment and technology.
Monica S Mcfeeters's insight:

Excerpt:

But in Gardner’s case, there is an unusual — and contentious — twist: He runs an engineering firm that produced a report as part of the process of preparing that regulation, and the agency deemed it so shoddy that it cut ties with Gardner’s company. Now he’s the nominee to head that agency, the Office of Surface Mining Reclamation and Enforcement. (In broad terms, OSMRE — pronounced “oz-muhr” — focuses on mining’s effect on the environment, while the other key regulator, the Mine Safety and Health Administration, focuses on the welfare of miners.)

State and federal officials at the time harshly criticized a draft report produced jointly by Gardner’s firm, ESCI, and other contractors. They blasted it as “nonsensical,” “junk,” “inaccurate and incomplete,” and “a piece of crap.” Some OSMRE staff members went so far as to accuse Gardner of trying to sabotage the regulation his firm was hired to help develop.

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Puerto Rico’s Mass Migration Is Reshaping Florida

Puerto Rico’s Mass Migration Is Reshaping Florida | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
After Hurricane Maria ravaged Puerto Rico, Luis Cruz got a generator connection from the bakery next door to run lights and fans in his Humacao martial-arts studio. But last month, only about a third of his students were still practicing karate kicks and punches. Many had left for the U.S. mainland.
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5 Key Things To Know About Doug Jones, The Democrat Who Beat Roy Moore

5 Key Things To Know About Doug Jones, The Democrat Who Beat Roy Moore | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Jones will be Alabama's first Democratic senator in 25 years.
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Republicans, Closing In on Final Tax Bill, Aim for a Vote Next Week

Republicans, Closing In on Final Tax Bill, Aim for a Vote Next Week | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
In a frenzy of last-minute negotiations, Republicans drew closer to a 21 percent corporate tax rate and a top individual rate of 37 percent.
Monica S Mcfeeters's insight:
I call this bill the GOP Scrooge America Tax Bill. The Christmas the GOP killed Jesus and replaced him with Ayn Rand’s morality of Selfishness. This was achieved hiding behind saving my unborn babies from legal abortions and ensuring women would head to illegal abortion kitchen tables and their bathrooms.
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Glitches reported in deadline week for Obamacare sign-ups

Glitches reported in deadline week for Obamacare sign-ups | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Consumer advocates reported some glitches Monday in the final days for "Obamacare" sign-ups
Monica S Mcfeeters's insight:
Trump population control is Let them be born than watch them be die or be owned, indebted and controlled by the rich. This little Billionaire kisses up to Koch money. The whinny Koch’s held a grudge on the Republican Party for electing Regan so they covertly went about a coup of Regans party.
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Poll: Percentage of Americans Identifying As Republican Has Dropped Since Trump Won

Poll: Percentage of Americans Identifying As Republican Has Dropped Since Trump Won | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
The biggest dip is among white women, the Gallup survey found.
Monica S Mcfeeters's insight:
Why stay with a party that undermines Your personal power, wealth, health, voice, choice and the well being of your family? The underlying morality of the GOP and their embracing & adoration of the morality of Ayn Rand always places the GOP firmly into anti-Christian self first morality which means the GOP leaves those that struggle to struggle more. The first to feel that are women often raising families alone, minority groups, the poor, the sick and their families. The GOP wins votes by falsely claiming abortion is stopped by making it illegal. Abortion was ironically made legal to a large degree to save lives.... The lives that don’t matter to the GOP agenda... it was women getting abortions along with their babies. The clinics that perform abortions legally offer extended services including help with safety staying pregnant, avoiding pregnancy and even assisting with adoption if that is what a women chooses. This is what women stand to loose supporting and party that does not represent them or look after their interest. The only real choice the GOP leaves a woman to avoid pregnancy is to abstain and have nothing to do with a man sexually .... ever. I don’t think that plan will work. The GOP broader agenda undermines family interest like minimum wage, family leave, paid sick or pregnancy leave, medical care for all in the family and education al options, The GOP are proving their loyalty to the wealthy they assume might drop some serious crumbs off their wealthy table or some how have some wish to share their wealth with others������������ while there is absolutely no evidence of that plan and tons of evidence our oligarchst push an agenda that is completely Ky opposite.
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Merv Griffin's Tragic Death from Prostate Cancer | Life Extension

Merv Griffin's Tragic Death from Prostate Cancer | Life Extension | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
If it were not for Merv's repeated and enthusiastic endorsements in the early 1980s, we might not be here as an organization today.
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Trump ignores backlash, praises MLK at Civil Rights Museum opening

Trump ignores backlash, praises MLK at Civil Rights Museum opening | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
Rep. John Lewis and others had called on the president not to attend the opening, and some threatened to boycott.
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In his own words: Trump on African Americans - CNN Video

In his own words: Trump on African Americans - CNN Video | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
CNN rounded up some of President Trump's most controversial remarks on race in the US.
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Europe Travel Alert

Monica S Mcfeeters's insight:

Basically if you plan to leave America to see the world no one wants us there.... so just don’t.... stay home! This alert from the state Department is for Europe and don’t even consider the holly land or anywhere in the Mideast.... including Turkey.... Merry Christmas to the world from Trump-land.... Trump thinks we should love only ourselves....I guess now we can all stay home and forget the rest of the world.

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Monica S Mcfeeters's curator insight, December 8, 8:54 PM

Monica S Mcfeeters's insight:
Pence, Kasish, Cruz and Rubio all poster children for the American Legislative Exchange Council corporate bill mill and the Heritage Foundation and still are.... no love loss for anyone going down that is associated with pushing ALEC and libertarian morality over ordinary Americans. Good ridden!

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FACT CHECK: President Trump's Record On Jobs And Stocks

FACT CHECK: President Trump's Record On Jobs And Stocks | AUSTERITY & OPPRESSION SUPPORTERS  VS THE PROGRESSION Of The REST OF US | Scoop.it
President Trump bragged this week about job gains and a rising stock market. So what are the facts?
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Donald Trump's Wildest Moments

See President Trump in some of his best, funniest, and wildest moments. Don't forget to like, share, and subscribe! Content being used under the fair use o
Monica S Mcfeeters's insight:
Interesting... You got to admire a role model for the world like this.... Who wouldn’t?” Mexicans and others are no longer coming through our borders but is that because of the Wall threat or is that because Trump in his mind owns Americans like he owns Miss Universe and Miss America? He thinks he is our CEO but declares when he was paid millions as a CEO he wasn’t in charge.... You got to wonder how that works?
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