Help Keep 12160 On The Internet!

It's been 18 months since We've asked for Donations, because we do NOT like asking for Donations. 

But such as in Life, it's not always Peaches & Cream, or Royal Crown and Purple Haze Sativa!(I'm currently @ the Boone's Farm "Tickle Pink" & Mexican Dirt Weed level) Nobody likes doing the dirty work but it's necessary in order to rectify the problem it's creating. So the time has finally come, both to Save America's planned & engineered demise from these evil delusional globalists and their cast of Pathetic Puppets, AND also to help continue to be a daily part of contributing to feeding the Truth and "What's really going Down" to Hungry & Awake Minds. All we ask is for whatever a Deplorable Debt Slave, can afford to throw into our meager "basket"  for monthly/yearly expenses 2$, 5$, 25$ $200 will all be appreciated with equal enthusiasm.. We will always be sincere, & eternally grateful with ANY amount,

Thank You & Take Care to you & yours! Good Luck to Everyone in the next couple scary, unpredictable, upcoming weeks! Who knows what these Sinister, Soulless Criminal Bastards will do? And you know they are going to do SOMETHING! They are petrified and unbelievably desperate right now. They smell their demise and are not sitting down for it. Like Venomous Vipers backed into a corner.

 We could be in for one helluva Spooky Be-all, end-all,  All Hallow's Eve,"Trick".....or maybe a well deserved "Treat"?? Let's pray for the cooler, rational heads overseas & abroad to prevail so a WW3 excuse can't be manufactured by Obozo,"The Impostor Usurper" Sotero and his Cheery Choom gang of Chumps, Thieves, Liars & Transtesticles. Then focus on putting the Criminal Clinton Mafia Family where they truly belong, .....In A Federal Prison on Death Row, awaiting an Execution Date from indictments including Espionage,Treason, Collusion, Bribery, & Turncoat Communist Traitors to name a few! By then the Bush clan and the yellow-bellied cowards they are, will have all left to their vast acreage retreat in South America, Good riddance, and Don't let the door hit ya in the ass on the way out!

Long Live Our Republic!

Click Gofund me or -use Paypal



Tim Carney: How corporate tax credits got in the 'cliff' deal

Photo - CHICAGO - JANUARY 22: A General Electric Co. (GE) logo is displayed on the door of one of the company's microwave ovens being offered for sale at a Sears store January 22, 2010 in Chicago, Illinois. Today GE posted a 19% slump in fourth-quarter earnings, but still beat Wall Street expectations. (Photo by Scott Olson/Getty Images)
CHICAGO - JANUARY 22: A General Electric Co. (GE) logo is displayed on the door of one of the company's microwave ovens being offered for sale at a Sears store January 22, 2010 in Chicago, Illinois. Today GE posted a 19% slump in fourth-quarter earnings, but still beat Wall Street expectations. (Photo by Scott Olson/Getty Images)

The "fiscal cliff" legislation passed this week included $76 billion in special-interest tax credits for the likes of General Electric, Hollywood and even Captain Morgan. But these subsidies weren't the fruit of eleventh-hour lobbying conducted on the cliff's edge -- they were crafted back in August in a Senate committee, and they sat dormant until the White House reportedly insisted on them this week.

The Family and Business Tax Cut Certainty Act of 2012, which passed through the Senate Finance Committee in August, was copied and pasted into the fiscal cliff legislation, yielding a victory for biotech companies, wind-turbine-makers, biodiesel producers, film studios -- and their lobbyists. So, if you're wondering how algae subsidies became part of a must-pass package to avert the dreaded fiscal cliff, credit the Biotechnology Industry Organization's lobbying last summer.

Some tax lobbyists mostly ignored the August bill "because they thought it would be just a political document," one K Streeter told me. "They were the ones that got bit in the butt."

Here's what happened: In late July, Finance Chairman Max Baucus announced the committee would soon convene to craft a bill extending many expiring tax credits. This attracted lobbyists like a raw steak attracts wolves.

Former Sens. John Breaux, D-La., and Trent Lott, R-Miss., a pair of rainmaker lobbyists, pleaded for extensions on behalf of a powerful lineup of clients.

General Electric and Citigroup, for instance, hired Breaux and Lott to extend a tax provision that allows multinational corporations to defer U.S. taxes by moving profits into offshore financial subsidiaries. This provision -- known as the "active financing exception" -- is the main tool GE uses to avoid nearly all U.S. corporate income tax.

Liquor giant Diageo also retained Breaux and Lott to win extensions on two provisions benefitting rum-making in Puerto Rico.

The K Street firm Capitol Tax Partners, led by Treasury Department alumni from the Clinton administration, represented an even more impressive list of tax clients, who paid CTP more than $1.68 million in the third quarter.

Besides financial clients like Citi, Goldman Sachs and Morgan Stanley, CTP represented green energy companies like GE and the American Wind Energy Association. These companies won extension and expansion of the production tax credit for wind energy.

Hollywood hired CTP, too: The Motion Picture Association of America won an extension on tax credits for film production.

After packing 50 tax credit extensions into the bill, the committee voted 19 to 5 to pass it. But then it stalled. The Senate left for the conventions and the fall campaign. Meanwhile, House Republicans signaled resistance to some of the extensions -- especially for green energy.

One lobbyist said he didn't worry too much about the Baucus bill because "we knew the House wasn't going to pass it." But another lobbyist, who had worked on the Puerto Rico issues, said he saw Baucus' bill as an important starting point that "set the parameters" of a future fight with House Republicans.

But there never was a fight. Baucus' bill sat ignored until last week, when the White House sat down with Senate Republicans to craft a deal averting the fiscal cliff.

A Republican Senate aide familiar with the cliff negotiations tells me the White House wanted permanent extensions of a whole slew of corporate tax credits. When Senate Republicans said no, "the White House insisted that the exact language" of the Baucus bill be included in the fiscal cliff deal. "They were absolutely insistent," another aide tells me. (The White House did not return requests for comment.)

Sure enough, Title II of the fiscal cliff legislation is nearly a word-for-word replication of the Family and Business Tax Cut Certainty Act of 2012.

So, this wasn't a case of lobbyists sneaking provisions into a huge package at the last minute. That probably wouldn't have been possible, many lobbyists told me Wednesday, because the workload in the past two weeks was too large and the political stakes were too high.


Views: 36

Reply to This

Replies to This Discussion



  • Add Photos
  • View All


  • Add Videos
  • View All

Report an Issue

Need help or have questions/concerns?

Send a message to The Admin Team


updated drop down menu

IP Address Lookup
IP Address


Please remember this website is supported by your donations...

© 2016   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 2007-2015 - all rights reserved. unless otherwise noted