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Reply #92: Kerry speaks against cutting social security in that speech [View All]

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karynnj Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-21-11 08:07 AM
Response to Reply #87
92. Kerry speaks against cutting social security in that speech
If you listened to Kerry, you would also see that what he is speaking of is not patchwork cutting out loopholes, but MAJOR revision of the tax code. This would eliminate thousands of loopholes - without creating new ones.

Listen to the response given at a town hall meeting back in 2008 -

Do you honestly think that Kerry's positions on taxes are coming from the fact that he is wealthy - and Teresa is extremely wealthy? The fact is that if Joihn Kerry were motivated by money, he could have with little difficulty become incredibly wealthy, starting right out of Yale (forget Vietnam, his strings were as good as Bush's and better than Cheney's, Clinton's, and Dean's) Between his family and Yale connections, he was set. (As it was, after law school, he could have opted to go the trial lawyer route, as Edwards did - and as he did for about two very successful years. The combination of his talents (he was exceptional) and his connections, would have made him - like Edwards, a mult- millionaire. Instead, he struggled to balance housing in DC and Boston and child support and his kids' educational costs on a Senate salary. He did have parents willing and able to help him when needed - so he never had the economic struggles many do, but it clearly shows that money was not what motivated him.

The fact is that every one of those bills will create jobs - even if they are not the jobs that the two people you speak of would want.

I am not sure how any legislation could do much to prevent outsourcing technical jobs. About the most you could do is to have a tax on income payments to overseas workers. Buacus and Kerry did write legislation that took away some TAX ADVANTAGES for employers that do this, but I am not sure if adding taxes would trigger retaliation from other countries. Just as it was not illegal for American companies to outsource manufacturing - leading to a situation where it would be hard to buy genuinely American made clothes (and I do not include the Marianas in this definition - as they really aren't) - with the internet, companies can outsource things like programming and graphic design. What legislation could stop that?
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