Thu Jan 3, 2013, 03:28 PM
octoberlib (4,890 posts)
Had no idea Rendell was the co-chair for the steering committee of Fix The Debt
In addition to his current duties as professional-liberal-even-Joe-Sixpack-can-love on MSNBC, Ballard Spahr court jester, and corporate consigliere at Greenhill & Co investment bank, Rendell is currently co-chairing the steering committee of something called The CEO Campaign to Fix the Debt—a blue-chip cabal of 130-plus plutocrats who have anted up a $43 million kitty to fund a multimedia stealth campaign/public relations offensive to convince the turkeys to vote for Thanksgiving.
Fix the Debt is pushing for radical alterations to the tax code to legalize a hundred-plus billion dollar corporate tax dodge and pass the buck onto the middle/working/underclass in the form of deep cuts to Social Security, Medicaid and Medicare, all the while masquerading as a selfless crusade to save the nation from going over the financial cliff. Bless their blackened hearts.
One of the Fix the Debt campaign’s main proposals for deficit reduction is creating a “territorial tax system” that would enable corporations to evade taxation on offshore earnings—which amounts to a combined $418 billion from the Fix the Debt member corporations—when they bring that money home, and giving themselves a $134 billion tax break,
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Had no idea Rendell was the co-chair for the steering committee of Fix The Debt (Original post)
|Guy Whitey Corngood||Jan 2013||#1|