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  •  Loopholes in the tax code (5+ / 0-)

    Sen. Sanders, if the Democrats could not manage to eliminate the very unpopular tax breaks for the oil and gas industry during the fiscal cliff bargaining when they were holding all the cards, how the heck are they going to eliminate those and other tax breaks like them now when they've got almost nothing to bargain with.  

    The final fiscal cliff deal does not touch oil and gas subsidies, confirms Rory Cooper, a spokesman for House Majority Leader Eric Cantor (R-Va.). Ending the costliest tax breaks for oil and gas companies would have raised tens of billions of dollars in revenue. Trimming just a handful of these breaks for the big five companies—BP, Chevron, ConocoPhillips, ExxonMobil, and Shell—would've raised $24 billion over the next decade. President Obama's 2012 budget proposal called for ending 13 breaks benefiting oil and gas companies of all sizes; it would have saved $46 billion over 10 years.
    Well they do have one thing the Republicans want.  The earned benefits that we paid into all our working lives from the day we turned 16 and got jobs and for decades since.  

    Trading away our earned benefits to eliminate corporate tax loopholes that never should have been there in the first place is not okay and nobody is going to think that is anything like a fair deal.  

    But seriously, I agree with all the things you've said and have agreed with you when you have said it many times over the years.  But I would like to know how in the world if you could not eliminate those tax loopholes when the Bush tax cut expiration was hanging over the heads of the Republicans, how are you going to do it now?  Are we supposed to expect that the Republicans will do it out of some kind of integrity or out of the kindness of their hearts?

    Or do the Democrats intend to hold out entitlements as a bargaining chip, solving budget problems on the backs of the poor and the middle class?

    Why is the obscene amount of spending on war and death not talked about as a solution to budget problems?  This spending has doubled since Bush took office.  But in the media and on the Senate floor we hardly ever hear about that, which is an alarming spending crisis of its own.

    "Justice is a commodity"

    by joanneleon on Wed Jan 09, 2013 at 12:34:02 PM PST

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