In a speech today El Presidente Barack Obama del Republica Bananera revealed that he wants to raid tax rates on small businesses up to 40% while lowering tax rates on corporations to 28%.
Just for comparison individual tax rates average around 35%. Additionally, about 41% of government revenue comes from individual income taxes and about 40% come from payroll taxes. Corporate tax source make up about 9% of federal revenue from income taxes. This according to the Joint Committee on Taxation for fiscal year 2010.
Getting back to Obama’s speech today he did not explain why he wanted these new tax rates on corporations and small business nor did he explain just how he thinks such a move would do anything good for the US economy. What he proposed today is actually an old proposal to lower the corporate tax rate from 35% to 28%. For manufacturers the tax rate would be lowered to 25%. This comes less than a year after the government raised the top tax rate for individual to 39.6% which is also the average rate in taxes paid by many small businesses.
Although Obama did not explain his reasoning for this nor why he thinks such a move would be a sound economic idea he did say that the US tax code is currently riddled with “loopholes” and that corporations end up paying little to nothing in taxes while small businesses end up paying 35% or more. He said he wants to simplify the tax code so that loopholes are closed. He also said he wants to fix the US to stop giving incentives to ship US jobs overseas and he wants to lower tax rates on businesses that create jobs in and for America. He gave no further details on exactly what loopholes he was referring to. Ironically, during the 2012 presidential race the Obama camp came down on the Mitt Romney camp for not identifying which loopholes Romney would close.
Sadly, Obama and Company fail to understand that it is small business that drives America and it is small business that creates the MOST jobs for Americans in America. Obama’s desire to lower tax rates for corporations and raise tax rates for small business is yet one more proof that Obama is NOT a Socialist, Communist, Anarchist, or anything thing of the sort. What he is is a Fascist Corporatist and this proves it so. He does the corporate bidding and he serves the corporations. He has a history now of trying to cut the throats of small business while at the same time promoting corporatism. Continue Reading
A new AP survey has come out and the results are somewhat shocking but not unexpected. The survey suggests that 4 out of 5 Americans today struggle with joblessness, living in near-poverty, and/or find themselves having to rely on welfare at some point in their lives like food stamps, cash assistance, or disability. It’s a black eye on our nations economy and blows the myth that everything is great and the economy is getting better. Apparently not so! What these results are indicators of is that the economy is not getting better and economic security in this nation is deteriorating. The results also indicate the the so called “American Dream” is becoming more and more elusive for the MAJORITY of people on Main Street.
The AP survey attributes these results to increasing globalization of the US economy, the widening gap between rich and poor, and the loss of good paying manufacturing and other jobs that have been shipped overseas to places like India and China. I recall Bush II telling Americans not to worry when big companies began moving overseas as America could be a “service economy.” Sadly we aren’t even that! Continue Reading
Report & Commentary by Carlos Alvaro
The corporatist feds have indicted one of their own reportedly. SAC Capital received a 41 page federal indictment that includes 4 counts of securities fraud and 1 count of wire fraud. The company is owned by billionaire corporatist Steven A Cohen. Federal prosecutors are charging that the company permitted widespread and “systemic” insider trading schemes between 1999 and 2010. The indictment also alleges that some employees of SAC committed criminal activities and that the hedge fund company “enabled and promoted” this illegal behavior.
The MSM is characterizing this action as an “unusually aggressive move” that they say could “cripple” on of Wall Streets most successful hedge fund trading firms. Of course they say this any time on the of major corporatist companies are in trouble as I’m sure you recall the “too big to fail” LIE told prior to the Wall Street bailouts with US taxpayer money to the tune of trillions.
The indictment says that problems at SAC partially stem from a breakdown in internal controls and ethics. Really? Somehow I don’t tend to believe that. I think it’s more along lines of them pushing the law to see what they could get away with and they got caught thinking they’d get a slap on the wrist from THEIR corporatist POTUS Barack Obama. IF the allegations in the indictment are true the SAC had more than just an ethics and control problem. They had a criminal behavior problem! Of course we all know Wall Street is one big CASINO operation and I suspect SAC isn’t the only one engaging in questionable business practices.
The indictment goes further and alleges SAC had an attitude of “institutional indifference” to wrongdoing and the result was substantial insider trading on a scale never seen before in the hedge fund industry. The investigation was conducted by the FBI and federal prosecutors over the course of…..get this….TEN YEARS! It took them TEN YEARS to get evidence for an indictment? That’s shocking! Why did it take so long?
During this little stunt it is estimated that Cohen “earned” about $900 million US dollars PER YEAR. That amount alone is beyond shocking! The indictment alleges that the company hired questionable persons including one who was a KNOWN member of an insider trading group. The companies legal department apparently warned against hiring this person but Senor Cohen overruled them and ordered the person hired anyway. Continue Reading
The security strategy of Mexican el Presidente Pena Nieto is now in question following violence between policia and organized crime gangs in different gun battles in the Mexican State of Michoacan. This is some of the worst violence seen in one single day in recent months. Policia report that at least 22 people are dead. The ruling PRI government in Mexico City says military crackdowns are the to blame for the violence. Reportedly there were 6 attacks against policia in various locations. Among the dead are 2 police officers and 15 other officers were injured or wounded, some seriously. Mexican authorities believe the attacks were pre-planned and gang members carried out the assaults with assault weapons against policia.
These attacks now pose a challenge to the policies of President Enrique Pena Nieto and his security strategy that he recently outlined. The strategy began last month when the first major operation was launched by sending federal troops into 19 communities across Michoacan State. Citizens in these communities often found themselves in the middle of gunfights between the drug cartels and vigilante groups.
Despite yesterday’s violence and killings Mexican Interior Minister Miguel Angel Osorio Chong says authorities are not going to back off on the crackdown and will continue their course. He made these comments after meeting with US Homeland Security Secretary Napolitano. The Interior Minister went on to state that a continued police and military presence will restore law and order to the region. This strategy is similar to that employed by former Mexican Presidente Felipe Calderon. There was an additional violent incident in Los Reyes on Monday in which 5 people were killed when an armed group of unknown men opened fire on protestors outside the town hall. The group was demonstrating alleged ties between that towns police and the drug cartel named Los Caballeros Templarios (The Knights Templar).
For more on this story see the following news links:
Officials report that at least 35 people are dead and several other have been injured following the derailment of a commuter train in Spain near Santiago de Compostela. The train was enroute Madrid to Ferrol. The cause of the derailment is not yet known according to Spanish authorities. For more on this breaking story see:
by Juan Jose Silva
It’s been almost four years and still the Ft Hood shooter, Army Major Nidal Hasan, has not been brought to justice and so one must begin to ask and wonder why not. Hasan is accused of killing at least a dozen US soldiers at the Ft Hood military base in Texas. Prior to his shooting spree witnesses have reported that he shouted “Allah Akbar” which is a common victory cry for radical Muslim terrorists. Hasan has not been brought to trial and today it was revealed that the US Government has never stopped paying Hasan his Army salary in the astounding amount of $300K dollasr over the past 4 years which works out to $80K per year. That’s over 1/4 of a million dollars this guy has been being paid for the past four years sitting in jail by US taxpayers! Even more amazing is the US House of Representatives is just now getting on top of this and it only took them four years to get around to it. Reportedly legislation has been introduced into the House known as the “Stop Pay for Violent Offenders Act.” It was introduced into the House only yesterday. If passed into law it would authorize US military officials to stop pay for Hasan and other US military service people accused of capital or sex offense crimes.
Current US law authorizes the military to stop pay for civilian employees if they are accused of crimes but this law does not apply to active US military servicemen and women. An Army spokesman has told ABC NEWS that the Army cannot stop paying Hasan because even though he’s in jail he’s still in the Army, that is, unless he’s convicted of the crimes he’s accused of.
Hasan has admitted to shooting his comrades at Ft Hood on 5 November 2009. He admitted this this past June 2013. But he claims his violent actions were done in the “defense of others” and in this case he claims those “others” were the Taliban! He’s repeatedly refused to enter a plea and this month, July 2013, the Army entered a plea for him of “not guilty.” Continue Reading
Univision has beat FOX, NBC, and all other major networks in the US for the first time in television history. Univsion is a broadcast company from Mexico and Mexicans should be proud.
Read all about it at:
by Juan Jose Silva
When most people in the US and West think of Mexico they automatically think of it as a nation plagued by drug cartels, crime, and immigration problems along with corruption but Mexico is far more than these negative things. Mexico has produced several famous leaders, scientists, scholars, poets, and writers who have gained international renown and respect. One that immediately comes to mind is the late Carlos Fuentes who was a Mexican author and novelist. If you haven’t read his books I suggest you do as they are nothing short of fantastic!
There was a time when Mexico was keeping up pace with the United States in terms of innovation and technology believe it or not. For instance, Mexico produced the world’s first automatic rifle which no other gun company could rival until the US produced the Browning automatic rifle. Mexico produces many household appliances and automotive parts which are then shipped into the US and marketed under US company names. Most people in America have no idea how much they buy is actually made in Mexico.
Mexico has some beautiful sights to see such as the Azteca ruins are Tenochtitlan and the Mayan pyramids in the Yucatan. Mexico has some of the most beautiful beaches in the world and some of the best food anywhere. The Mexican people are a proud and generous people and are some of the kindest and most giving people on the planet today which is rare in this globalist greedy era we are living in. To paint Mexico as a dangerous land filled with banditos at every turn does Mexico a great injustice and robs the world of a nation that is NOT like the false image that has been painted by the international media.
There’s a great article appearing on MEXICO NEWS.NET that goes into more detail about Mexico both past and present that is well worth the read. Plato once said that “Ignorance is the root and stem of evil.” So educate yourself! Mexico can stand proud as a nation and as a people. Many of my own relatives came from Mexico around Monterrey as well as from Spain and I am proud of the Mexican/Spanish blood that flows through my veins. Mexico has been handed a bad rap by the international media and it’s time that false image change with TRUTH and FACTS! You’ll find the article at the below link.
by Bolivar Rojas
Contrary to what all of the drama queens are claiming Obamacare is NOT socialized medicine. In fact it has nothing to do with Socialism or Socialist medical care at all. To the contrary, Obamacare has everything to do with Fascist Corporatism and moving America closer to a police state.
Sadly, there are many people in Washington DC right now that regret not having read the almost 3000 pages of legislation that established Obamacare before they voted on it. Mostly they are regretting it because they’ve got the 2014 midterm elections in their sights and they’re fearful that they might not be reelected due to the growing anger of Americans in connection with Obamacare. And reelected they should NOT be! They failed their duties of office as Senators and Representatives by voting on this legislation without first reading it. Yes all 3000 pages! But, they went ahead and voted Obamacare into law and the joker justices we call the SCOTUS put their stamp of approval on it by declaring it was a Tax and, therefore, constitutional. Chief Justice John Roberts really had to stretch the law that day to turn Obamacare into a tax and, sadly, that is exactly what he did to everyone’s disbelief.
The only way to stop Obamacare at this point in time is for Congress to defund it. No money and Obamacare goes nowhere which is exactly where it should go—-NOWHERE! What Obamacare really is, is a half baked attempt at socialized medicine. No….strike that….it’s not even that. What Obamacare REALLY is, is another ploy by the capitalists corporatist to force Americans to buy something and pay through the nose. Don’t think so? Then please explain to me why over the course of the past 2 years health insurance premiums have doubled or tripled and insurers are saying there are more increases coming soon! And also please explain to me just what is “affordable” under Obamacare legally known as the Affordable Health Care Act.
You might not know it but Obamacare is preparing right now to create a massive data base unlike anything America has seen before. The Health Hub is going to be a giant computer data base overflowing with all kinds of information about YOU! Anyone, and I mean ANYONE, will be able to go to that database and access YOUR private information. And just not your private health information but EVERYTHING about YOU from your banking business to your employment to your criminal record if you have one and just about anything else they want to know about you. Sound ripe for identity thieves? You can bet your last peso on that Amigos! Continue Reading
By Juan Jose Silva
What’s going on with Spain lately? I’m sure that former Presidente and El Generalissimo Franco is turning over in his grave by now. There’s a big controversy about the Prime Minister and Interior Minister taking money that didn’t belong to them and the PM is refusing to resign. Meanwhile, King Juan Carlos is still hoping Spaniards forget about his little elephant hunting expedition in Africa in which he was injured and which cost the Spanish taxpayer a pretty peso. And need I mention the austerity routine in which Spaniards are being made to suffer and do with less or without? What kind of regime is now running Spain? Obviously, it is a regime that doesn’t give one concern about the Spanish people!
The best thing Spain could do right now is to get rid of the Euro and exit the European Union and, thus, return to its senses as a sovereign state. The next best thing Spain could do right now is to rid themselves of the current Prime Minister and since he isn’t willing to resign I think the Spanish parliament should impeach him and remove him from office. And the king? Isn’t this guy suppose to be a figurehead? Why should he not suffer under austerity as the average Spaniard is today? He can most certainly do with less! I say cut his government stipend in half and strip him of all but ceremonial powers such as ribbon cutting. I don’t see the average Spaniard going on elephant hunting trips. What I see is the average Spaniard looking for a job and trying to make ends meet.
Fact of the matter is Spain is in the same sinking boat that Greece is now and government greed and overspending is the reason there is a whole in the boat. For far too long government has spent as if they have a bottomless money pit. I think government salaries and pet projects need a little austerity! Clearly the indication is that the present regime in Spain couldn’t really care less about the common Spanish citizen. Clearly they think that the average man and woman should pay for gross government overspending and greed. Once again we see an example of fascist corporatism as we see in the United States and the rest of Europe. That is a brutal and unjust political and economic system in which the common man and woman will never be able to get ahead. This is a system that is rigged against the common worker! Continue Reading