Zeev's Turnips Talk Politics (ZTTP)

[SharonB]

Are you concerned that there may be an extremely liberal Congress headed by Speaker Pelosi and Senator Reid with a President who has voted 94% of the time with the liberal agenda? A Senator rated the most Liberal Senator using voting records as a basis and a VP who is rated third most liberal. I think this is very dangerous at this time as our current financial status is in such jeopardy and a large government which the Democratic Party has always seemed to favor with raising taxes on the very people and companies that are our way out of this mess. We are currently the second highest corporate taxing country in the listing of major world economies. Japan has the top spot.
http://www.humanevents.com/article.php?id=28655
Senator…is more liberal than ___% of the Senate on these issues:
Obama, Barack, D-Ill. 95.5
Biden, Joseph, D-Del. 94.2
http://www.nationaljournal.com/voteratings/sen/lib.htm
ACLU - American Civil Liberties Union
ADA - Americans for Democratic Action
CDF - Children's Defense Fund
LCV - League of Conservation Voters
NAACP - National Association for the Advancement of Colored People
NARAL - National Abortion and Reproductive Rights Action League
SEIU - Service Employees International Union
Senator.... State......... ACLU . ADA CDF.. LCV NAACP NARAL.. SEIU.. Mean
Harry Reid (D) Nevada 82%....85% 100%.. 87% 100% ….100% .... 83%...91%
B Obama (D) Illinois. 88%..... 75%. 60% .. 67%. N/A .…. 100% ... 90%... 80%
J Biden (D) ….. Del.. 88% ….75%. 50%.... 67% N/A …... 75% …..90% ..74%
J McCain (R) Arizona 17% …10%. 10% .. 0% . N/A……. 0%........ 14% ..9%
http://www.electoral-vote.com/evp2008/Senate/lib_senator_ratings-2007.html
High Corporate Taxes Undermine U.S. Global Competitiveness
by Ambassador Terry Miller and Anthony B. Kim
In the meantime, the U.S.'s top federal corporate tax rate has not been cut in over a decade. In fact, the last time the U.S. adjusted its top federal corporate tax rate, in 1993, it actually increased the rate from 34 percent to 35 percent. Our economy now has, on average, a statutory corporate tax rate of 39 percent (including state corporate tax rates, which range from 0 percent in Washington to 12 percent in Iowa). This average rate is higher than the rates of all 27 members of the EU.
With such high rates, the U.S. can no longer afford to remain inactive. In a business environment where capital flows are extremely mobile, lower tax rates do matter in attracting more business investment. With the nation's economy slowing, the need to attract and inspire more business investment has never been stronger. It is such private investment, not government handouts or fiscal stimulus packages, that will get the economy moving again. As President Reagan reminded us, "government must provide opportunity, not smother it; foster productivity, not stifle it."
http://www.heritage.org/Research/TradeandForeignAid/wm2065.cfm
In the meantime, the U.S.'s top federal corporate tax rate has not been cut in over a decade. In fact, the last time the U.S. adjusted its top federal corporate tax rate, in 1993, it actually increased the rate from 34 percent to 35 percent. Our economy now has, on average, a statutory corporate tax rate of 39 percent (including state corporate tax rates, which range from 0 percent in Washington to 12 percent in Iowa). This average rate is higher than the rates of all 27 members of the EU.
With such high rates, the U.S. can no longer afford to remain inactive. In a business environment where capital flows are extremely mobile, lower tax rates do matter in attracting more business investment. With the nation's economy slowing, the need to attract and inspire more business investment has never been stronger. It is such private investment, not government handouts or fiscal stimulus packages, that will get the economy moving again. As President Reagan reminded us, "government must provide opportunity, not smother it; foster productivity, not stifle it."
http://www.heritage.org/Research/TradeandForeignAid/wm2065.cfm
20 Reasons to Kill Corporate Taxes
August 22, 2008 03:02 PM ET | James Pethokoukis
What to do about corporate tax rates represents a key difference between Obamanomics and McCainomics. John McCain wants to cut them. Barack Obama wants to raise them, at least on oil companies, through a windfall profits tax. But maybe they're both wrong. Maybe we should just get rid of these levies altogether. Here are 20 reasons why it's time to sack the corporate income tax:
1) The United States has the second-highest corporate tax rate in the world, just shy of 40 percent when you combine state and federal taxes.
Read the following link to see the entire list.
http://www.usnews.com/blogs/capital-commerce/2008/8/22/20-reasons-to-kill-corporate-taxes.html
Sorry about the length of this post. I get upset when I see what to me is a very serious danger to my beloved United States of America.

Ref http://www.brasschecktv.com/page/187.html
This is a funny British comedy team pretty much predicting what has happened recently to our financial system. It is amazing it was presented in 2007. Our financial watchdogs, advisors, and so called experts might well be better advised by listening to BBC.
SharonB