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GE and Citi Bank Get Huge Tax Breaks Out Of Fiscal Cliff Deal - Ben Swann

Ben mentions some of the other items of Corporate Welfare and how the vast majority of taxpayers are going to pay more in taxes in 2013.

FOX19.com-Cincinnati News, Weather

There are lots more items of Corporate Welfare that Ben didn't mention.

http://ian56.blogspot.co....

http://www.fox19.com/stor...



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NYTimes "Major Companies Push the Limits of a Tax Break"

At least it's admitted that corporations run the show (the government). "The I.R.S. staff is so outnumbered by tax lawyers and accounting departments at major corporations that there is often little to prevent taxpayers from taking a freewheeling approach to interpreting and administering the rules..."

P.S. We, the people, feel the same when we're up against corporations!

When we try to pick out anything by itself, we find it hitched to everything else in the Universe.
~ John Muir

My blog has been tampered with

I have recreated the article about the Fiscal Cliff deal and Corporate Pork.

How Goldman Sachs won and America lost.
http://ian56.blogspot.co.uk/2013/01/fiscal-cliff-deal-why-go...

"In the end, more than they wanted freedom, they wanted security. They wanted a comfortable life, and they lost it all -- security, comfort, and freedom. When ... the freedom they wished for was freedom from responsibility, then Athens ceased to be free."

"

Isn't that the problem, no one is Washington is working for us anymore"

SteveMT's picture

I didn't need another reason to intensely dislike Baucus,...

but this report provides even more evidence that this guy has set Montana and the nation back 34 years.

Max's Biography
Throughout his career, Max has never forgotten where he came from or who he represents. [indeed.]
http://www.baucus.senate.gov/?p=maxs_biography

Moody's threatens to downgrade US credit rating

over Fiscal Cliff non deal.

See my blog for latest updates and analysis on this abominable "deal".

"In the end, more than they wanted freedom, they wanted security. They wanted a comfortable life, and they lost it all -- security, comfort, and freedom. When ... the freedom they wished for was freedom from responsibility, then Athens ceased to be free."

Ask Dave Champion

Ask Dave Champion

Love Liberty, be Vigilant

"Now the Lord is that Spirit: and where the Spirit of the Lord is, there is liberty" (2 Corinthians 3:17)

Faith in God will prevail all things!

Sorry, off Topic

but I was looking online to find out how big Ben Swann's watcher base was in Ohio and can't find any info. Does anyone know how many people watch "Reality Check"? Hope it's a lot!

skippy

I spent so much energy

at GE trying to figure out how a culture that dysfunctional could compete in a free market. Obviously, that was before I understood corporatism. They are as functional as they need to be in the area of buying off the government. They are the best at it and have been doing it for over a hundred years.

Defend Liberty!

Surprising

You mean the System is self-serving?? You mean that Congress are just a bunch of puppets to the corporations that are their masters??

Nah...can't be.

I prefer to believe that we were rescued by these honorable people (who, by the way, got us into this mess to begin with, but let's not think about unpleasantries.)

Ironic, don't ya think

That Max Baucus would be the one behind this. Considering he was the chief author of the healthcare bill. We really need to wipe the slate clean of these people. Thank you Benn Swann!

Thanks

While I was at this site checking our Senatorial Eagles taking care of their personal wards, I saw this national symbol doing an excellent job taking care of real business.

http://www.ustream.tv/SouthwestFloridaEagleCam

I'll take my Liberty, it's not yours to give.

0% for Corporations

Corporations shouldnt pay any taxes, because the tax is eventually paid by the worker, consumer, or shareholder....which equates to the people.

Take Corporate tax to 0% as far as I'm concerned.

Yes take the Corporation Tax down to zero over time

but there should be a level playing field.

At the moment multinationals pay next to nothing in Corporation Tax because they divert US generated profits to offshore tax havens. (And other tax breaks and and tax avoidance schemes.)

While small and medium sized business are paying 25 to 30% (after taking their tax breaks from the official 35%).

It's the small and medium sized business that are the real jobs and wealth creators.

A small coffee shop owner has to compete with Starbucks paying nothing in Corporation Tax.

There was a recent outcry in the UK - Starbucks are now going to pay some Corporation Tax because of a consumer boycott.

"In the end, more than they wanted freedom, they wanted security. They wanted a comfortable life, and they lost it all -- security, comfort, and freedom. When ... the freedom they wished for was freedom from responsibility, then Athens ceased to be free."

I agree that there should be

I agree that there should be no income tax on any corporation or individual. The problem here is not that corporations are not paying income tax, the problem is the fact that politicians are picking the winners at a great cost to everyone else. This corporatism make it harder for others to compete, especially small innovative companies. There should be no income tax, period.

And what happens thanks to this selective corporatism

Is that while the corporation may be able to pay their employees what the corporation might've had to pay in taxes, those employees are the very people covering that tax bill, regardless of whether the corporation is giving them that money or not.

and there's just no....

....relief money for Hurricane Sandy states(not that I support Federal relief guarantees; I wish state's were untied, and could bank emergency funds).....

Billions hwee.....billions there....infinite money goes everywhere....BUT....."growth" will NEVER make a dent in the interest-accruing debt the way these economy kingpins THINK their running the world and world commerce andand trade, while treating all "subjects" as property and slaves.

Where is Hannity?

Still talking about cutting welfare for the poor and on fixed incomes?

This is the real story. This is where all the welfare money is going.

Where is Rush? Circling the wagons for his buddies?

I expect the democrats to lie about this; heaven knows what would happen if their followers found out about this. But mainstream republicans just ofuscate the issue with lesser problems. Corporate welfare needs to be addressed by these presstitutes. They are getting as bad as MSNBC.

And theres more...

$500M appropriated for dubious programs under 1 yr Extension of Agricultural Programs

I actually read the entire 158 page bill last night. One thing that would be nice if they would write bills that were easy to read and included source documents to which they refer, but of course...thats part of the scam. Anywy, I found these programs highly questionable especially considering that they just can't ever seem to find ANY PLACE to cut spending! Keeping programs like the ones listed below indicate TO ME, that they are used as slush funds. I swear even the Mafia gives its "customers" a break at Christmas. Even the Mexican gang MI3 stops stealing from it's enemies occasionally...but not the 535 members of the gang in washingtion in which a whopping 12% have the approved consent of the governed...nope...they would sooner let children starve and let old people go without heat than to cut into their pet programs...err slush funds. How in the HELL John Boehner can get all emotional when he talks about America while he is raping and pillaging her day after day I will never know. Here are the programs I pulled from the bill. The entire bill in .pdf format is available at the link below.

Dubious Programs (IMHO) (This does not include food stamps themselves...just "other" stuff the SNAP program apparently can't do without)

SUPPLEMENTAL NUTRITION ASSISTANCE PROGRAM.— EMPLOYMENT AND TRAINING PROGRAM.—For fiscal year 2013, the amount shall be $79,000,000’’.

NUTRITION EDUCATION — for fiscal year 2013, $285,000,000;

RESEARCH PROGRAMS — ORGANIC AGRICULTURE RESEARCH AND EXTENSION INITIATIVE.— FISCAL YEAR 2013.—There is authorized to be appropriated to carry out this section $25,000,000 for fiscal year 2013.

SPECIALTY CROP RESEARCH INITIATIVE.
FISCAL YEAR 2013.—There is authorized to be appropriated to carry out this section $100,000,000 for fiscal year 2013.

BEGINNING FARMER AND RANCHER DEVELOPMENT PROGRAM.— FISCAL YEAR 2013.—There is authorized to be appropriated to carry out this section $30,000,000 for fiscal year 2013.’’.

BIODIESEL FUEL EDUCATION PROGRAM.— There is authorized to be appropriated to carry out this section $1,000,000 for fiscal year 2013.’’.

BIOMASS CROP ASSISTANCE PROGRAM.—There is authorized to be appropriated to carry out this section $20,000,000 for fiscal year 2013.

FARMERS MARKET PROMOTION PROGRAM.—There is authorized to be appropriated to carry out this section $10,000,000 for fiscal year 2013.

NATIONAL CLEAN PLANT NETWORK.— There is authorized to be appropriated to carry out the Program $5,000,000 for fiscal year 2013.

NATIONAL ORGANIC CERTIFICATION - There is authorized to be appropriated $22,000,000 for fiscal year 2013, to remain available until expended.’’.

ORGANIC PRODUCTION AND MARKET DATA INITIATIVES - There is authorized to be appropriated $5,000,000, to remain available until expended.

OUTREACH AND TECHNICAL ASSISTANCE FOR SOCIALLY DISADVANTAGED FARMERS OR RANCHERS.— There is authorized to be appropriated $20,000,000 for fiscal year 2013.

Link to entire Bill

http://go213mph.wordpress.com/documents-page/fiscal-cliff-bill/

Is it possible for you to work out what Monsanto

are getting in agriculture subsidies - or give some examples.

The government giving subsidies to Monsanto will get public attention.

"In the end, more than they wanted freedom, they wanted security. They wanted a comfortable life, and they lost it all -- security, comfort, and freedom. When ... the freedom they wished for was freedom from responsibility, then Athens ceased to be free."

ytc's picture

Any relief for farmers & ranchers suffering from fracking?

Gasland
http://www.youtube.com/watch?v=DmzL_BDc40s

go213mph, THANKS for reading the entire 158 page bill! We are fortunate to have a dedicated inquisitive fast reader like you :-)

lindalsalisbury's picture

State and County

Courts are available to these people, AND believe me, they ARE very generous to farmers and ranchers. That money usually stays in the county and in the state.

With all the recent hub bub over fracing - it has been going on in Oklahoma since the 70's (probably before that)

I know this because I worked for Halliburton (back when they were respectable and before Cheeney) All the service companies were named in the lawsuits. During the 80's boom, the fracing occured several times a day, and very few were trouble jobs.

I am amused when this is referred as new, and a reason the country will be energy independent, when this has been going on for more than 30 years. Directional drilling was implemented in the 80's.

The public is so duped into believing this stuff is new, and will "save" us from the Arabs.

"beginning farmer and rancher program"

They announced a grant to help new farmers develop water-saving farming methods. HELLLOOOOO...... We are trying to plant a food forest and build an aquaponics dome. We wrestled, finally decided that as much as we hate the whole "grant" nonsense, we would apply so we could get our project done faster. (It will take us ten years or more at the rate we can finance it ourselves.)
So, I started looking into it... Before I am eligible, I have to go get a Dunn and Bradstreet number for my farm. Those are the same folks who trade US on the stock exchange via our birth certificate numbers.
Good byyyyeeeee..... Ten years is not that long.

Love or fear? Choose again with every breath.

I've never met RP or Ben

but they are some of my best friends and more importantly friends of America and Liberty. Ben has Stones of Steel!

We need to send our tax money to a BENPAC and put him on K Street to give the people a voice.

To the guy that complained about the ads. As long as I can watch Ben for free and the internet remains uncensored...I can handle the 5 seconds. Free Market Baby.

Ben Knocks It Out of the Park...Again!

Great commentary, Ben! Keep up the great work!

ecorob's picture

who owns this country?

why, goldman sucks, citi, and ge, it seems!

we, the people are debt slaves for the corporations...

thanks, Ben, for having the courage to speak up!

its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
9/11 Truth.

who owns goldmen sachs, citi, ge

Then you get your answer

I'll give you a hint, starts with an R

So we know the truth...

as in many issues, but the real question is, what are we going to do about it?!

When Fascism goes to sleep, it checks under the bed for Ron Paul!

Stop Paying INcome Taxes that WE DONT OWE!!!

That's what we can do about it.

Dave Champion's Book "Income Tax: Shattering the myths" is the absolute best book on the topic of what the law ACTUALLY says about who and under what circumstances is liable for income tax.

Income Tax is an EXCISE tax.

Mostly all Americans HAVE NO INCOME tax liability even though they have been led to believe that they do.

Once we all stop paying a tax we DO NOT OWE then this whole game comes crashing down on the Federal Reserve and US Government spending scheme!

Problem Solved!

Love Liberty, be Vigilant

"Now the Lord is that Spirit: and where the Spirit of the Lord is, there is liberty" (2 Corinthians 3:17)

Faith in God will prevail all things!

Well...

I haven't in over 10 years... How about you?
I guess I should have given the (rhetorical) indicator...

When Fascism goes to sleep, it checks under the bed for Ron Paul!

For once, we need to act like a "global government"

and declare a global Jubilee for all odious debt.
One at a time, they WILL pick us off. Ask the guy who wrote "Cracking the Code." Ask Sherry Peele Jackson. Ask Larken Rose. Ask Erwin Schiff.

Love or fear? Choose again with every breath.