Instead of Bailout, Refund All Corporate Taxes?

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I dont know about ant one else, but I tink its about time at least some of our elected officials finaly grew a pair.To think that all these extremely over paid,incompetent, jackasses think that they can run there companies into the ground,while making ridicously saleries and ungodley bouneses and perks, then think that we(meaning regular taxpayers) should foot the bill to bail there sorry asses out is mindblowing. Cuddos to congress for finally stepping up and doing there job.

And further more I would just about bet,that if you took all of these CEOs bonuses and took half of there saleries im pretty sure you could come up with enough money to cover the bailout.

M kendrick of NC 10:40PM September 29, 2008

Nazis, pretty strong imagery… Gas chambers…

Oh that’s right Bush is a Nazis… Well at least the torture chambers have reopened under new management, US…

So if you believe in tax breaks you are a Nazi’s?

Then if you don’t you are a Patriot?

WOW

Tracer of TX 6:14PM September 29, 2008

Smart. Just as the country is plunging into a depression that will last decades, the free market dereg nazis are calling for even more tax cuts. When all you have is a hammer, every problem looks like a nail. When you have no ideas of your own, you can always fall back on the tax cutting mottos that gave us a $10 Trillion federal deficit, and rising.

Watcher of CA 4:33PM September 29, 2008

Smart. Just as the country is plunging into a depression that will last decades, the free market dereg nazis are calling for even more tax cuts. When all you have is a hammer, every problem looks like a nail. When you have no ideas of your own, you can always fall back on the tax cutting mottos that gave us a $10 Trillion federal deficit, and rising.

Watcher of CA 4:31PM September 29, 2008

Well lets see just how much a 98% 1040EZ filer understands.

A client owns a hair solon and a construction company, gasp.

Taxable income $176,964.

Tax due income, $38,937.00, Tax due self-employment $12,783.00, a total tax due $51,720.00. Humm 30%.

OK Mr. 98%... I bet you made less than this couple paid in taxes.

Well it is true they do need to pay for your hybrid tax incentive ah and yes the ethanol subsidies oh my illegal immigrant health care and schooling.

But of course you are so right from your Mac that everyone should be entitled to a computer and broadband access.

So what is your idea of fair, well since you haven’t actually taken the risk and started your own company you might not get it?

Tracer of TX 3:18PM September 29, 2008

Not limited in economic field, including culture, social security, fair opportunity,etc, Americans have lost their freedom to speak, to select, or to understand what their leader doing.

Mirabelle 9:31AM September 28, 2008

The American government is basically bancrupt and as any other business entity, they require a restructuring to eliminate waste, redundancy and fraud. I suggest America declare bancruptcy under the Chapter 11 Restructuring law, freezing expenditures, hiring, etc... till a plan can be adopted as with any other business. Four years ought to be sufficient to clean out the government. I'd offer amnesty to all politicians for their cooperation AND resignations. Then perhaps, America can be free again!!!

Ray Fisher of NM 11:36AM September 27, 2008

Good idea. Right after the bottom 98% of us get all our taxes refunded!

What's a few trillion more borrowed from China, Japan & the Saudi's?

Bankruptcy is no problem for this government. Their reckless deficit spending is simply wiped out by passing it alont to our progeny.

HillbillyBill of TN 8:08AM September 27, 2008

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Rick Newman

Rick Newman

The global economy is mysterious, even scary. Chief Business Correspondent Rick Newman connects the dots. In addition to his writing for U.S. News, Rick is the co-author of two books: Firefight: Inside the Battle to Save the Pentagon on 9/11, and Bury Us Upside Down: The Misty Pilots and the Secret Battle for the Ho Chi Minh Trail.


Read Rick's latest blog entries here.

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