Poor Choices!

The U.S. Government had made a really bad choice with passing this dumb 90 percent tax on bonuses. Now I’m just as mad has the next person at these crocks, AIG, Citigroup, Bank of America, Fannie Mae and a few others. And I don’t totally buy that these bonuses are for retaining highly skilled people. I say there a lot of skilled people out there that would gladly to the job without a bonus. What bothers me is that this new tax law, if signed into law could hurt the honest hard working employees that deserve their bonus. Here’s how this could hurt the honest people. The new law is based on total house hold income. So if someone working at AIG gets a $10,000 bonus for working really hard could lose 90 percent. This is how it will hurt this person, lets say this person makes $90,000 a year, then the bonus – $10,000 for a total income of $100,000. On their own this person would not receive any extra tax. Now add in their spouses income of $175,000 a year. Now the total income is over $250,000 a year, which now brings in the 90 percent tax on that bonus, that’s why I think it’s wrong. I don’t know if there’s a way to fix this, but it’s wrong to tax the total income. Taxing the crap out of good hard working people is wrong. If they want to tax someone they should tax only the top executives of the company, not the sales force or managers running the business. Maybe someone will get it right, hopefully soon.

Flag Covered Caskets!

I was just reading that a 18 year ban on news coverage of our war dead could be lifted. The man behind this is Defense Secretary Robert Gates and President Obama. The new policy will give the families the choice to let the press snap the photo’s or not. If the families say it’s ok for the press to take photo’s this will admit the press to the ceremonies at Dover Air Force Base in Delaware. This is the entry point that all of our war dead pass through. I’m not 100 percent this is really a good idea, you can never really trust the press. I think by letting the press in will only spark anger, which can go either way. The main focus is to respect our war dead with the most respect we can. And letting the press in isn’t the best way.

Rescue Bill Passes House!

President Barack Obama got his first bill passed in the House, which the Democrats rule. The vote was 244-188, with all the Republicans voting against it. I really don’t like seeing a bill pass this way, and I think Obama doesn’t either. President Obama personally went to the House Republicans to sell this package, which says a lot. But in the end, no support was given from the Republicans.

The reason why the Republicans are so against this bill is because they don’t feel there’s enough in the package to help. They feel there needs to be more tax cuts. And the reason why all the Democrats voted for it is because their Nancy Pelosi’s little robots. Their so afraid to vote against the bill or her because they won’t get the support when it comes time to run again for their jobs. We need to have a more balance House and Senate, it would keep everyone in check.

Tags: Rescue Bill

Treasury Department!

It seems the U.S. Senate has just put another crock into President Obama’s administration. The new head at the Treasury Department is Timothy Geithner. Before taking on this new job he was the President of the New York Federal Reserve Bank. If you don’t know why he’s being called a crock, well he’s why. There was a span of 4 years where he failed to pay income tax on money he earned as a consultant. A person that doesn’t pay his taxes is now in charge of the Treasury Department, only in America. And some of our Senate members fault the same way, he got 60 votes out of 94.

Tags: Treasury Department