Oregon Legislative Giveaway
According to the site:
Last week, House members approved two new tax giveaways. In one, they adopted corporate tax cuts enacted last year by Congress and the Bush administration for federal taxpayers (HB 2542), after rejecting a more selective approach to connecting to the federal tax code that would have collected more money from large corporations. In the other, they chose a budget-busting tax reduction option for large estates over $2 million in value (HB 2629), after rejecting a revenue-neutral plan that would have eliminated taxes on smaller estates while raising them on larger estates.
The cost of these two pieces of legislation to Oregon's treasury will be $13.5 million in the upcoming budget period and $39.3 million in the 2007-09 period.
But that's not all. The House Revenue Committee is now considering several bills to cut in half all taxes on capital gains for wealthy individuals and corporations (HB 2332, HB 2574). Either of the capital gains bills would reduce state revenues by more than $300 million per biennium when fully implemented. Also on the table are new write-offs for corporate research and development (HB 2368, HB 3232).
All of these bills have the same thing in common: They postpone their effective dates and push off most of their revenue losses to later years. In that way, they avoid confronting the central principle of fiscal responsibility enshrined in our state constitution – the requirement to adopt a balanced budget.
There are no estimates yet on the impact of HB 2368 and HB 3232, but the others break down in terms of dollars lost for the next two budget terms as follows:
2005 - 2007 term
2007- 2009 term
What the hell is this? Believe it or not, this diagram to the left is the the NEW
What really did me in was all the Bolton nomination stuff. The man is a complete psycho, but Bush put him up as the nominee anyway. With one party control and little in the way of checks and balances in our government any more, it's like Bush is mocking us or something. First, company man and butt-kissing pathological liar Condoleeza Rice, then company man who'd never bother his boss with anything as insignificant as new evidence that may
exonerate a death row inmate Alberto "torture" Gonzalez, and now company man and butt kissing psychopath John "forget the facts tell me what I want to hear" Bolton. What's next? "Let me present my nominee, Mister Ted Bundy. He's a good man. He has a good heart. Senator Lugar, let's get this man in as soon as possible." At least now Bolton's nomination is on hold. I can't bring myself to rehash. Check these sites out:
Finally, as a nod to longtime reader and dear friend BeanLover, I've decided to once again resurrect his fervent contention that Spanish president Jose Zapatero and Mr. Bean are in fact the same person (no commentary intended). For one thing, you never hear Mr. Bean speak (he could be Spanish), and you never see the two together in one place.
Time Magazine squandered it's last few grams of journalistic integrity and credibility on a no doubt publicist brokered
Never mind that NBC's Today Show is part of the entertainment division rather than the news division. That doesn't stop plucky anchors Matt Lauer and Katie Couric from setting aside cooking demos, fashion shows, and Jennifer Anniston interviews, to try their hand at a real news interview now and then (you can tell it is a real interview because they put on their "intellectual" eyewear for the occasion). 




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