Archive for March 28th, 2011

by jhwygirl

CBS news 60 Minutes still does some really good investigative pieces – still knocking on doors, getting shut out and yelled at and all that good stuff.

This week, Leslie Stahl had the tough work of heading to Zug Switzerland, a town about half the size of Missoula. Zug is a rising corporate tax haven, with I-forget-how-many U.S. corporations headquartered there despite the fact that an overwhelming majority of their employees are in the United States, as is their CEO’s and chairpersons and board members

If you have the time, take the 13 minutes or so to watch this segment. It’s worth it, especially if you need to get some blood moving.

A shorter piece has economist Martin Sullivan explaining how U.S. corporations are shifting their profits overseas. Sullivan knows tax policy, having worked in the the Treasury and on the staff of the Joint Finance Committee. He is also an advocate for a airer, simpler, and more economically efficient tax system.

Because, you see, it is all about profit and the stockholders. Patriotism, duty and pride in country have nothing to do with what a corporation’s function or goal would be.

And don’t get me started on moral obligation.

Maybe the stockholders should provide the infrastructure and military power to these corporations here in the good old secure and militarily stable U.S of A. – you know, the one’s benefiting from these corporations.

Me? I’m tired of my tax dollars subsidizing the wallets of a select few and their stockholders.

by jhwygirl

Gov. Bob McDonnell (R-Va.) delivered the GOP’s weekly address on Saturday, delving in to what he believes is the constitutional issue of health care reform. The Hill has the story, and the video.

I do believe that in almost all situations we all have something common….and McDonnell’s position is certainly one I agree with:

Regardless of party, we should all agree that the sooner we know if the law is constitutional, the better for the American people.

In fact, I really wish the Montana legislature took a look at this when they were proposing bills. It’d be really nice if any bill had some sort of constitutional review (for both the U.S. and the Montana constitutions) before any hearing in committee.

Sometimes there will be a comment – if there is a fiscal note produced – regarding legal issues. But not everything gets a fiscal note – and hell, even a lot of bills related to taxation don’t seem to get fiscal notes. I know I’ve heard hearings on tax related bills where there hasn’t been a fiscal note published. How in the hell is the public supposed to comment on bills when even a rudimentary analysis isn’t completed by the non-partisan legislative staff?

That way we’d have some reasonable assumptions about lawsuits that the state would have to defend in the future? I mean – that costs taxpayer dollars too.

Ahh, I’ve digressed…

Anyways…if I could propose a bill, it’d be that one – require any bill to have a informational review for constitutionality prior to committee hearing. That informational review should be required to be published….and not stuck in some “junk folder” in some back file.

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