The battle over the Bush Mobb tax cuts moves to the House! H.R. 8 would extend all the Bush Mobb tax cuts, plus it would reduce tax credits -- the Child Tax Credit, the Earned Income Tax Credit, and the American Opportunity Tax Credit -- that working folks enjoy. H.R. 15 would extend Bush Mobb tax cuts except cuts on income above $250,000 annually, and would preserve the aforementioned tax credits as they are. So, H.R. 8 favors the rich and savages the poor, while H.R. 15, frankly, doesn't savage the rich. I guess H.R. 8 proponents would tell you that in These Interesting Times we need to give the "job creators" more money to create jobs. You recall how well that went from last decade, right? Tha Bush Mobb shed an astounding 913,000 private-sector jobs during its first term -- which means the "job creators" weren't creating jobs. It also means the real job creators are people like you, who spend the money to buy the stuff that other people make at their jobs. You can call your House Reps using the tools in the upper left-hand corner -- or call 1.888.744.9958 toll-free.
In other news, the Shareholder Protection Act is back! S. 1360/H.R. 2517 would require corporate CEOs to conduct a shareholder vote before donating any money to political campaigns -- since it is, after all, the shareholders' money. The corporations would only need to get a majority vote to permit the campaign spending to go forward, but I suspect that any significant shareholder opposition to a corporations' proposed political spending would pretty much kill it -- corporate boards tend to overreact to bad PR, especially if the bad PR carries with it the spectre of a noticeable chunk of a corporation's shareholders willing to dump their stock. I wonder what excuse Republicans will use to filibuster the bill this time. I bet that excuse includes the words "job creators," when, as usual, it's you that creates the jobs, in this instance by putting up the money the corporation needs to function. Really, they don't have us by the short hairs. Daily Kos helps you tell your Congressfolk to support the Shareholder Protection Act.