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So here's my proposal: Congress should pass a new schedule of fines. Each would be worded thusly: "the fine shall be $10 million, or 10 percent of the profits the company reported on its annual shareholders' report last year, whichever is larger." That'd be for a minor fine, of course, like a parking ticket. A bigger infraction would lead to, say, "50 percent," or "100 percent," or even higher.
Collins is, I remind everyone, nominally a member of the Republican Party. She's right -- this could defuse a major talking point for Republicans, and do it in a very elegant way. As I said, Democrats should be beating a path to her office door, to quickly work this idea up into legislation that Democrats can support. It is one of the best ideas I've heard all year, and it deserves serious consideration not only because the idea itself is so workable, but also for the sheer politics of it all -- this could take away a big GOP talking point, right before election season begins. Democrats: take note! Please....
Have the Republicans in Congress painted themselves into a corner on taxes? They seem to be in the position of choosing between a number of courses of action, most of which would normally be seen as going against their principles. They may have dealt themselves a losing hand, to put it another way.
I'm told we still have a few hundred raffle tickets left, so please, folks, get to the raffle booths soon or they'll all be gone! Only a million bucks a ticket -- mere pocket change!
The last time Members of Congress took a cut in pay was on April 1, 1933 -- the midst of a Great Depression. At a time of similar economic turmoil and record deficits, Congress should not require sacrifices of others without tightening its own belt.
If the committee fails, though, there are supposed to be "triggers" pulled -- automatic cuts to both domestic spending and military budgets. But you know what? I am confident that these triggers will never be pulled. To put it another way, these automatic cuts are never going to happen. Oh, sure, there may be some noise about them, accompanied by handwringing and teeth-gnashing inside the Beltway, but I remain confident that the actual budget cuts will never take place.
Every so often, I am so impressed by a comment to one of my columns that I offer to just turn my column over to the author, and let them have my soapbox. This doesn't happen often, usually around once per year.
I've written a few columns so far about the Occupy Wall Street protest, [...]
Like many Americans, I watched the events unfold in Oakland this week with some trepidation. Occupy Oakland tried two new tactics in protesting, and both were very successful at achieving a key goal -- that of getting your message across. Both the general strike and the temporary port shutdown were successful, in this regard. Later in the night, however, a group of jerks came close to ruining all this, by their criminal behavior.
We'd like to begin today with an issue that we regularly get incensed about here, mostly because it flies under the radar of just about everyone -- including the entire media universe. Because for once, Democrats are making the attempt to use the issue to make some political hay (even though, in this regard, they're admittedly almost as bad as the Republicans).
Last night, at yet another Republican presidential candidate debate, Herman Cain was roundly criticized for his simplistic 9-9-9 tax plan by his fellow Republicans. I have to admit, it was a little bizarre (in a "Nixon goes to China" sort of way) to see Republicans disparaging a tax plan for being "regressive." Ron Paul was unafraid to actually use this word, and while several other candidates avoided the term they in essence leveled the same charge: 9-9-9 would wind up increasing taxes on the poor and the middle class. Being Republicans, though, they didn't also speak of the other side of this coin -- the fact that 9-9-9 would lower taxes on the wealthy and really lower them on the ultra-wealthy. But still, it was odd enough to see candidate after candidate speak of their concern for the tax burden of the lower-class and middle-class, since this is usually a Democratic argument. Perhaps all those 99 Percenters out there demonstrating in the streets are getting through to the Republican politicians? Stranger things have happened.