You paid your fair share of taxes yesterday, but a lot of rich folks didn't pay theirs; hence the introduction of H.R. 1124, which would raise income taxes on millionaire income. Millionaire income gets taxed at 35%, currently, but H.R. 1124 would raise that rate to 45%, with one percentage point added at the $10,000,000, $20,000,000, $100,000,000, and $1 billion levels. H.R. 1124 would also treat capital gains and dividend income as, you know, income, and not as some special class of money that has to treated more gingerly so that our Financial Overlords don't crash the economy again. Read H.R. 1124 on thomas.loc.gov and you'll see that the lower income tax rates remain low, so it's not even as though millionaires and billionaires will face higher taxes on all their income, just the income over $1 million. I keep repeating this point only because the "liberal" media keeps getting it wrong. How can that keep happening? True Majority helps you support H.R. 1124. Keep in mind that a lot of us are out in the streets protesting the tax cheating of higher-income earners, including corporations; check out US Uncut's photo gallery to see what your fellow-citizens are doing so that our children and our children's children might have a better shot at a better life.
Speaking of corporate income taxes, I've got a slew of close-the-loopholes action alerts for you. USPIRG helps you tell Congress to close offshore tax havens, Keystone Progress helps you tell Congress not to cut programs when other revenue-raising options remain viable, and Public Citizen helps you tell Congress to end corporate subsidies and start funding the agencies that protect people from corporations a bit more vigorously. G.E., Exxon Mobil, Bank of America, Citigroup, Wells Fargo, Boeing -- these are just some of the big corporations that paid no income taxes in 2010. (Chevron did slightly better -- it paid an effective tax rate of 1% on its profits.) Worse, small businesses who don't have 100-person tax avoidance departments have to compete with the large corporations who do. And yet idiots like Sen. Johnson (R-WI) insist that the real problem is that the corporate tax rate is too high. Jesus Mary and Joseph how can the corporate tax rate be too high if hardly anyone is paying it?
Finally, NETWORK, the national Catholic social justice lobby (the phrase that makes Glenn Beck shiver!) helps you oppose the Colombia Free Trade Agreement. If we know Colombia for anything they've done over the past few years, it's shooting trade union activists. Sounds like a great trading partner! You might be hopeful because you remember that Senator Obama opposed the Colombia agreement unless human rights conditions improved there. They haven't, but President Obama still plans to submit the Colombia agreement to Congress. I should just insert "Bush's Third Term" hashmarks whenever I talk about Barack Obama. I remain hopeful that, even though the Republican Party is now infested with teabaggers who might best be described as "immature" and who might worst be described as "corporate Quislings," we can reach enough of them, and change enough of them, to thwart the passage of yet another "free" trade "deal." I mean, Republicans can't be eager to help Mr. Obama accomplish something, even though it's something they'd help a Republican President accomplish. Right? In any case, best to exert our will until we accomplish the desired result.