Wednesday, January 16, 2008

Bachmann's proud...we're living paycheck to paycheck

Tax breaks for corporations and all Congresswoman Bachmann can be proud about is being from the "workingest state in the country" and that Minnesota has "more people that are working longer hours, we have people that are working two jobs."

Coming from a Congresswoman who openly complained about working 5 days a week in her marble palace versus the 4 days of working and page scouting of the Tom Delay / John Boehner led House, this takes the cake.

Seriously. Is any other elected official this out of touch with their constituents?

While Congresswoman Bachmann was beaming with pride earlier today, proud that many of us get to work 12-16 hour days, at 2 separate jobs, just to make ends meet, 190 St Cloud employees got laid off from Electrolux. Hint for Congresswoman Bachmann...this is in your district, the 6th Congressional District of Minnesota.

Or consider that Minnesota lost 2,300 jobs last month, and over 23,000 over the past 6 months. Yeah! We're officially in a recession!

The Middle Class Job Protection Act supported by Bachmann, would appear to be less effective than other measures that could be considered. According to Think Progress:
Yesterday, the nonpartisan Congressional Budget Office concluded that corporate tax cuts, such as the one proposed by Cantor, “may be less cost-effective in the short term” and less effective than a stimulus plan consisting of “tax rebates, extended unemployment benefits and a temporary increase in food stamps.”

So, give corporations a 25% tax cut or help the people of the 6th CD and Minnesota...hmmm...

This, coming from the woman who has become the poster child for conservatism in Minnesota, a woman who ran on family values and taxes?

Where are the family values behind working multiple jobs for 60-80 hours a week, living paycheck to paycheck?

I'll take a third job to help see this woman defeated next November...

*Update* Wonkette loves this as well, especially the commenter's!

1 comment:

Minnesota Central said...

Bachmann is still following the old talking points … remember Bush pronounced the economy “safe and sound” on December 18 because "People are working; productivity is high". Further Bush told business and community leaders at a gathering of Rotary Club members on December 17, 2007, “the underpinning is good".

Contrast Bachmann with someone who travels his district … talking to folks at Hy-Vee … Walz gave this speech the day after Bush gave such glowing review of the economy and now less than 30 days later, the White House is talking stimulus.

Bachmann’s comments need to be looked at in what she is advocating … lower corporate taxes.

So, let’s talk about corporate taxes.
One of the common statements made when people defend the deficit is that it needs to be evaluated in terms of the Gross Domestic Product (GDP).

In 1965, U.S. corporate income taxes were 4.0% of our GDP, compared to 2.4% of GDP in the other Organization for Economic Cooperation and Development (OECD) countries. But by 2004 (the last year for which there is complete OECD data), U.S. corporate taxes had fallen to only 1.9% of our GDP, compared to 3.2% of other OECD countries.
In fact, America is number #27 out of 29 countries.

But maybe you get what you pay for.

Look at how America stacks up against other countries in Math, Reading and Science on this chart. Oh, wait … America didn’t crack the top 25. Overall, Finland would be number 1 … and on the corporate tax chart, Finland is #4. OK, so you say that Finland is a small country. Well, consider our neighbor to the north, Canada … # 4 in Reading, #7 in Math, and # 3 in Science … for corporate taxes, they are #11. Canada is now the largest foreign supplier of oil to the US to the tune of some 2.25 million barrels of oil a day … so I suppose that when we buy Canadian oil, the oil company pays corporate income tax to Canada, and the Canadian government educates their children … who in time, with their more educated workforce will take our jobs. There is something wrong with this picture.

But Bachmann is not only focused on corporate taxes, but also income taxes … if you read my commentary on her plan, you will quickly know who wins and who loses.