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I would like to address the budget and the lack of movement on the Republicans part on taking some of the loopholes away from the wealthy.
During last year’s campaign for Ohio’s Governor’s seat, there was a TV commercial from his opponent that used a sound bite showing Kasich saying that bonuses, that no one needed to know about, could be used for his staff.
That really grinds me. It is evidence that the wealthier have ways to hide income. How can these bonuses be hidden so no one knows about them? My thought is that the lawyers, accountants, and executives have figured out the ‘loopholes’ and the verbiage to avoid reporting these incomes, based on what the Republican Kasich had to say in that sound bite.
I am tired of hearing the CEOs say they have to pay big salaries and bonuses and perks to keep the best people. If the rules are the same across the board, the cream will rise to the top. Certainly these ‘top performers’ could go elsewhere, to foreign countries?, but then would they want to pay the 21to 22 percent social security taxes in Europe? I kind of doubt that. And, just how hard is it for Americans to get good paying jobs in other foreign lands?
The business people and executives who irrationally set up the perks for selling risky policies and incensed their people to push them hard – so they could get bonuses – caused the need for the bailouts in insurance, finance, banking and credit cards. And every one of those ‘failed’ business people and executives still walked away with their huge incomes, at our cost. But the Republicans say that we should not put any reins on these astute business people and executives. No limits. Let them keep their tax loopholes so they can fuel their ‘greed’ for ‘work’ efforts that do not deserve the rewards because they come at our expense.
The business people that the Republicans want to protect are the same business people who have sold many of our American companies to foreign firms. These business people got greedy and wanted their ‘golden parachutes’ – forget the loss of jobs and wages when the American plants are moved to foreign soil.
Forget the foreign policy gaffs that are currently in place that provide favorable treatment to foreigners and forget the subsidies. Let us keep a level playing field for everyone so the business people can keep business in mind instead of using the lawyers, accountants, and fancy verbiage and government bills to line their pockets. The heck with giving foreign workers, who work in the United States, tax exemptions for up to seven years. These foreigners have displaced American workers and are reaping the benefits of this country without giving back to this country – thank goodness for ‘green cards’ displacing American workers.
Please get rid of the tax breaks and ‘loopholes’ for businesses and companies. The Republicans need to get moving on changing this stance. It may be a negotiating ploy but it does not sit well given the current situation. Don’t tell me that on a level playing field that businesses or individuals will ‘quit trying.’ If the American business people do quit trying, don’t worry a foreign company or investor will step in—and that is OK as long as they also have to contribute to taxes and Social Security and play on the same level playing field. Don’t tell me that the ‘opportunity to make a buck’ will disappear—that is pure hogwash.
Like many of our constituents, we are tired of watching the rich get richer and the poor get poorer and the lower middle class being burdened while the upper-middle and upper classes get the breaks when it comes to taxes and Social Security support.
George and Lillian Ignaszak