[Vision2020] House Passes Bill Linking Tax Cuts, Minimum Wage

Sat Feb 17 21:36:56 PST 2007

Paul,

  Why should the government be allowed to tax you twice? You pay taxes on everything, then you got to pay taxes again on your money when you die again when you try to give it away to ensure a decent life for your children. 

  How many times should you be taxed for each dollar you make?

  You earn the dollar, you are taxed 40%, you buy something with it you are taxed another 6%. You are taxed on that dollar when you are letting sit in the bank. You are taxed again on the property you already bough, every year, you are taxed when you give the house to your children. Now you ask why they shouldn't allow a person to be taxed again? 

  If the government wouldn't tax people 5 times on each dollar they make, we wouldn't need loopholes. 

  Donovan 

Paul Rumelhart <godshatter at yahoo.com> wrote:
  Just curious...  why do you think that the loophole in question should remain open?

Paul

g. crabtree wrote:           I knew I liked this guy. By the way, Sali's office is readily available from the link you thoughtfully provided by simply clicking on the contact tab on the home page. This will take you to a page with a great big E-MAIL BILL button. I encourage you to take him up on it and offer him a warm and heart felt thank you.

  g
  ----- Original Message -----   From: "Tom Hansen" <thansen at moscow.com>
  To: "Vision 2020" <vision2020 at moscow.com>
  Sent: Saturday, February 17, 2007 6:56 AM
  Subject: [Vision2020] House Passes Bill Linking Tax Cuts, Minimum Wage

> >From Today's (February 17, 2007) Spokesman Review -
> 
> "The House bill would also raise revenue by closing a loophole that permits
> wealthy taxpayers to shift income to their children and avoid higher taxes
> on capital gains and dividends."
> 
> Representative Bill Sali, who continues to be inaccessible to the citizens
> of Idaho from his website at http://sali.house.gov/, voted against this
> bill.
> 
> -----------------------------------------------------------------
> 
> House passes bill linking tax cuts, minimum wage
> 
> Jim Kuhnhenn 
> Associated Press
> February 17, 2007
> 
> WASHINGTON - The House overwhelmingly approved business tax breaks worth
> $1.8 billion over 10 years on Friday, a key step toward forging a
> congressional compromise on increasing the minimum wage.
> 
> The vote on the tax cuts was 360-45.
> 
> Passage of a wage hike for the lowest-paid workers now depends on how
> quickly the House and Senate work out differences between their tax
> packages. The Senate tax breaks - worth $8.3 billion - are more than four
> times bigger than the ones passed in the House.
> 
> Senate Finance Committee Chairman Max Baucus, D-Mont., said House and Senate
> negotiators could reconcile differences in the bills within two or three
> weeks.
> 
> "The minimum wage provision is going to trump all of this and is going to
> drive us to get this thing done pretty quickly," Baucus said.
> 
> Under the House bill, small businesses would see an extension in some tax
> write-offs that are scheduled to expire and would be able to continue to
> claim a tax credit for hiring disadvantaged workers. The legislation also
> would ensure that restaurants, which can deduct Social Security taxes paid
> on tips above the minimum wage, would not be hurt by the wage hike.
> 
> The House bill would also raise revenue by closing a loophole that permits
> wealthy taxpayers to shift income to their children and avoid higher taxes
> on capital gains and dividends.
> 
> The House vote displayed the influence the Senate's Republican minority can
> have on congressional legislation. House Democrats had demanded a minimum
> wage bill without any tax provisions. Senate Democrats insisted that without
> some tax relief, the minimum wage would lose necessary Republican backing.
> 
> Senate Republican officials predicted the final tax package would be closer
> to the House version than the Senate's. Small business groups have sided
> with the Senate, but the U.S. Chamber of Commerce is lobbying for the House
> version.
> 
> Eager to begin their weeklong Presidents Day recess, lawmakers spent little
> time debating the tax cuts and acted under expedited procedures that
> required a two-thirds majority, a threshold the vote easily met.
> 
> The minimum wage bill had become the new Democratic majority's first
> legislative challenge. The $2.10 an hour increase - from $5.15 to $7.25 over
> two years - was a Democratic campaign issue last year and was at the top of
> the party's legislative agenda. But the bill stumbled when House and Senate
> Democrats disagreed on the need for tax cuts.
> 
> With its $8.3 billion tax package, the Senate would extend tax credits and
> tax write-offs, and provides new tax preferences to certain companies. It
> also would eliminate some tax shelters and add new taxes on lawsuit
> settlements and punitive damage payments and on deferred compensation
> packages for higher paid executives.
> 
> -----------------------------------------------------------------
> 
> Seeya round town, Moscow.
> 
> Tom Hansen
> Moscow, Idaho
> 
> "Forty percent of the mass of every tree in the forest is crude oil.  Stop
> and think about that.  We call them fossil fuels because they used to be
> live stuff, now is in the ground is turned into crude oil." 
> 
> - Bill Sali (September 21, 2006)
> http://www.tomandrodna.com/Stuff/Sali_Tree_Energy.mp3
> 
> 
> 
> 
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