Congress Helping the Needy, Uh – Corporations?

Praise the Lord! Finally, Congress is doing something to help the average American; and this is a bipartisan effort. Yes, both Republicans and Democrats are stepping up hand-in-hand to offer some relief to those who need it most. What are they planning and who does it help? Well, American corporations that have oodles and oodles of profits stashed away in banks holding profits that are from foreign corporate divisions and entities where the profits are claimed to have been created. The corporations want Congress to grant them a tax-exemption (or tax holiday) where they are permitted to bring the profits home and pay a small tax on them; 5% is a probable target. And of course they are telling your Congress-persons that if they do this that the tax break will stimulate the economy; and that is how we will all benefit.

Now this all makes sense of course. The last time that Congress did this, it might not have worked to do anything to create jobs. But this time of course, it will because this time the corporations are truly intent and serious about doing something that would help the economy. If I were an officer of a corporation, I would want to encourage Congress to do this because I am going to get a lot more money out of it. So it won’t bother me that I hire and pay lobbyists, who use to work for members of Congress or for the current or former Administrations, to solicit the support of the folks that they worked for.

The corporations aren’t doing anything wrong here; because it’s Congress that set-up the tax code that produces and encourages the results that produced both the corporations’ overseas profits holdings and that discourage investment in American business infrastructure. As usual, Congress in their complete ignorance of what they are doing have masterfully allowed the Corporations to make the bulk of their revenues in the United States and then transfer this wealth to foreign countries to the detriment of America. Why Republicans and Democrats are so eager to rob America of its strength and vitality I don’t understand; but it must be something that the majority of Americans want. They put these folks in office and support their insane and insipid policies and principles.

You would think that the politicians would see how to address this problem. As it most often is, the solution is simple and direct. It would benefit the corporations, the economy, and the American job market. Who am I kidding? Congress, do something to solve a problem! Wouldn’t they have to see it as a problem rather than as just another opportunity to get campaign donations?

Perhaps the electorate should be asking the candidates for the up-coming offices to explain why they don’t fix the problem rather than reward corporations who took advantage of the staggeringly stupid tax code for multi-national corporations that the Republican and Democratic parties put in place to start with.