News and Opinion for Democrats Against Bush -- Part II
Corporate Taxes Are Already the Lowest in 20 Years
PT. II - HOME PAGE
PT. II - CONTENTS
BUSH and the MEDIA
CIVIL RIGHTS
-- Gay Rights
THE ECONOMY
-- The Real Deficit
---- Deficit Lies
-- International Debt
---- Children Will Pay
-- Tax Cut Con Game
---- Tax-Cut Lies
------ to Small Business
---- Phony Benefits
---- Hurting States
---- Why Accepted?
---- Cuts Will Backfire
-- Low-Tax Mania
-- Move toward Flat Tax
-- Corp. Tax Dodgers
-- Corporate Welfare
---- Halliburton
-- The SUV Boondoggle
-- Unemploym't Worse
------ Comp. Denied
---- Jobs Not Created
-- Widespread Poverty
-- False Recovery
-- Stock Market
EDUCATION
-- Texas Sch. Scandals
-- Broken Promises
-- Abandoned Youth
-- College Aid Cut
-- Aid to Rich Colleges
-- Textbooks Censored
-- Acad. Freedom Denied
ELECTRONIC VOTING -- --- A Crucial Issue
ENERGY
-- Monstrous Bill
---- Allows Blackouts
---- Bi-Part. Oppos'n
-- New Energy Bill
ENVIRONMENT
-- Bush's "Eco-Speak"
---- How to Tell Lies
-- Crimes v. Nature
---- Air Pollution
---- Global Warming
---- Ozone Depletion
---- Chemical Hazards
---- Loss of Wildlife
-- States Combat Bush
---- Power Plant Suits
-- Pension Funds, Too
LABOR ISSUES
-- Worker Safety
-- Real Jobless Stats
-- Overtime in Danger
--"Productivity"
PUBLIC HEALTH
-- Poor Ranking
-- Privatized Socialism
-- Health Insurance
---- The Uninsured
------ Middle Class
-- Cost of Drugs
-- Medicare
---- A Cynical Bill
---- Favoring HMOs
---- $$ to Drug Co.s
---- Bait and Switch
---- AARP Sells Out
---- Bullying to Win
---- Australian Critique
---- Some Good News
-- Chill on Research
TRANSPORTATION
-- Amtrak
-- Mars vs. Amtrak
WAR OF IDEAS
-- Use of Language
WAR on TERROR
--'Enemy Combatants'
-- Ultra-Secret Trials
-- Homeland Insecurity
---- Funds Miss Needs
WAR on CIVIL RIGHTS
-- FBI Prying Grows
---- Targeting Protests
------ & Anti-Bush Talk
-- Computer Privacy
-- Patriot Act
---- Excesses
------ Cure - SAFE Act
---- Dangers
---- Author's Fear
---- Librarians' Warning
--"Patriot Act II"
---- Death for Protest?
---- Sneak Enactments
-- CAPPS II
---- GAO Criticisms
---- EFF Concerns
-- Guantanamo
---- Conditions
---- Legal Status
---- UK Judge's Blast
-- Torture Condoned
---- Canadian's Ordeal
-- Yousef Yee
WAR on SCIENCE
-- Scientists Accuse
---- Admin. Can't Deny
WAR on WOMEN
-- Abortion Truths
-- Notorious Photo
WAR on WORKING FAMILIES

 In the past fiscal year -- "Measured against the size of the economy, corporate taxes fell to the lowest level since 1983, and the second-lowest level since 1936."  --Jonathan Weisman
 
-- And this is before the  proposed changes!

 
New York Times
October 29, 2003

House G.O.P. Risks Battle With Senators on Tax Cuts

By EDMUND L. ANDREWS
 
The complete article is currently (3/27/04) available on this New York Times website-- http://college4.nytimes.com/guests/articles/2003/10/29/2269941.xml
 
Quotes--

WASHINGTON, Oct. 28 - House Republicans pushed ahead on Tuesday with a bill that would give corporations $128 billion in new tax breaks over the next decade, setting themselves up for a fight with Senate leaders from both parties who want to rein in the federal deficit. ...

The Joint Committee on Taxation has estimated the bill's cost at $60 billion over the next decade, but that may not reflect the full cost because many of the tax breaks do not take full effect until later. In 2012 alone, according to the Joint Committee, the bill would cost the Treasury nearly $22 billion and the tax breaks would continue indefinitely after that.

Democrats, who had pushed for a bill to cut taxes only for domestic manufacturers, said this measure would encourage companies to move more business overseas while increasing the deficit. ...

©2003 The New York Times Company

washingtonpost.com
 
Congress Weighs Corporate Tax Breaks
Lawmakers Look to Help Manufacturing Sector While Averting Conflict Over Export Subsidy

By Jonathan Weisman
Washington Post Staff Writer
Tuesday, October 14, 2003; Page E01

The complete article is currently (3/27/04) available on the Washington Post website at-- http://www.washingtonpost.com/ac2/wp-dyn?pagename=article&node=&contentId=A21513-2003Oct13¬Found=true

Quote--

Congressional tax writers are rushing to complete legislation that would offer tens of billions of dollars in new U.S. corporate tax breaks, many of them for overseas operations, setting off a lobbying battle between major domestic manufacturers and some of the largest multinational corporations in the world.

Driven by a Dec. 31 deadline, lawmakers hope to end a long-standing U.S. export subsidy in time to avert a trade war with the European Union. But several are also seeking to use the repeal of the $5 billion-a-year subsidy as an opportunity to pass new corporate tax cuts worth much more. Most of those would be aimed at earnings from domestic manufacturing, but many new proposals would also shield billions of dollars in earnings from overseas operations. ...

Critics are becoming more vocal about the entire exercise of cutting corporate income taxes at a time of dramatically falling corporate tax revenue, a rising federal budget deficit and an additional $87 billion for fighting in Iraq and Afghanistan. ...

Last week, the Congressional Budget Office reported that corporate tax receipts in the fiscal year that ended last month had fallen by 11.1 percent, to $132 billion. Measured against the size of the economy, corporate taxes fell to the lowest level since 1983, and the second-lowest level since 1936. ...

© 2003 The Washington Post Company

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