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  1. #1 McCain pulling his commie crap again 
    gator
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    This is the kind of Left Wing crap we hear out of Obama.

    What concern is it of the government what businesses pay their hired help?



    Reuters
    McCain wants low corporate taxes, regulated CEO payTuesday June 10, 6:46 am ET
    By Jeff Mason
    biz.yahoo.com/rb/080610/usa_politics_mccain.html?.v=4

    WASHINGTON (Reuters) - Republican White House candidate John McCain will promise on Tuesday to lower corporate tax rates if he wins the U.S. presidency and ease the tax burden on middle-class workers to help revive the faltering economy.

    The Arizona senator, who has wrapped up his party's presidential nomination, also would propose a simpler, alternative tax system and insist that chief executives' pay and severance packages have shareholder approval.

    "No matter which of us wins in November, there will be change in Washington. The question is what kind of change?" McCain will tell a conference for small businesses, referring to his Democratic opponent, Sen. Barack Obama of Illinois.

    "Will we enact the single largest tax increase since the Second World War as my opponent proposes, or will we keep taxes low for families and employers?" he will say, according to excerpts released before his speech.

    McCain will pledge to act quickly to lower corporate taxes from "the second highest in the world to one on par with our trading partners to keep businesses and jobs in this country."

    He will propose a law to allow companies to expense new equipment and technology in their first year.

    He supports keeping capital gains taxes low, doubling a tax exemption for children, and phasing out the "alternative minimum tax" which he said would save some 25 million middle-class families up to $2,000 in a year.

    On Monday Obama drew a sharp contrast with McCain, his opponent in the November election, accusing him of wanting to widen President George W. Bush's tax cuts and plunge the United States deeper into debt.

    He charged that McCain's support for extending Bush's tax cuts would allow $2 trillion in corporate tax breaks.

    U.S. taxes were too complicated overhaul, McCain will say in his speech, in which he will argue for an alternative system.

    "As president, I will propose an alternative tax system. When this reform is enacted, all who wish to file under the current system could still do so," he will say.

    "Everyone else could choose a vastly less complicated system with two tax rates and a generous standard deduction."

    McCain criticizes Obama for wanting to increase dividend and capital gains taxes and aiming to raise the minimum wage and link it to an index.

    But he also takes aim at top corporate executives with big salaries and excessive severance packages.

    "Americans are right to be offended when the extravagant salaries and severance deals of CEOs ... bear no relation to the success of the company or the wishes of shareholders," he will say, adding that some of those chief executives helped bring on the country's housing crisis and market troubles.

    "If I am elected president, I intend to see that wrongdoing of this kind is called to account by federal prosecutors. And under my reforms, all aspects of a CEO's pay, including any severance arrangements, must be approved by shareholders," he will say.
     

  2. #2  
    Senior Member Molon Labe's Avatar
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    Why would this suprise anyone familiar with McCain's brand of "conservatism".
    Gun Control: The theory that a woman found dead in an alley, raped and strangled with her panty hose, is somehow morally superior to a woman explaining to police how her attacker got that fatal bullet wound - Unknown


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  3. #3  
    gator
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    Quote Originally Posted by Molon Labe View Post
    Why would this suprise anyone familiar with McCain's brand of "conservatism".
    We have a name for it. It is called NeoConservatism and there isn't much difference between it and Liberalism.
     

  4. #4  
    Goldwater
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    CEO pay should be regulated if the company has to be in one of these deals with the Fed to save it, same for nationalisation.
     

  5. #5  
    Senior Member Molon Labe's Avatar
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    Quote Originally Posted by gator View Post
    We have a name for it. It is called NeoConservatism and there isn't much difference between it and Liberalism.
    Agreed. Neo conservatism is just a nasty form of Wilsonian Idealism. I'm currently reading P.Buchanan's book "The Unneccessary war"....which pretty much slams Wilsononian Idealism for creating the conditions that lead to WW2. He makes the comparison that busy bodies like Bush have fallen into the trap of unnecessary wars and destroyed conservatism while making things much more dangerous.
    Gun Control: The theory that a woman found dead in an alley, raped and strangled with her panty hose, is somehow morally superior to a woman explaining to police how her attacker got that fatal bullet wound - Unknown


    The problem is Empty People, Not Loaded Guns - Linda Schrock Taylor
     

  6. #6  
    gator
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    Quote Originally Posted by Molon Labe View Post
    Agreed. Neo conservatism is just a nasty form of Wilsonian Idealism. I'm currently reading P.Buchanan's book "The Unneccessary war"....which pretty much slams Wilsononian Idealism for creating the conditions that lead to WW2. He makes the comparison that busy bodies like Bush have fallen into the trap of unnecessary wars and destroyed conservatism while making things much more dangerous.
    A year ago I would not have understood what you are talking about. Now I understand. The NeoCons are just as dangerous as the Liberals.

    I mean why in the world a shitass like McCain would be talking about a Socialist concept like controlling the wages of high paid Americans is beyond me. Like Bush and others he has his little Liberal agenda like protecting the goddamn illeagls.
     

  7. #7  
    Senior Member Molon Labe's Avatar
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    I wouldn't have even entertained any of this even 4 years ago either. I voted for Bush twice. :o

    But I've learned alot in 8 years.
    I was also a fan of Neo conservatism during college. At one time I was totally convinced by the statistics about Democratic peace theory and it's potential for pacification...until I learned that there were people who thought it should be implemented by the sword and have done so in some f'ed up type of 21st century Manifest destiny.
    I am very surpised at how many people (some at this site) talk the Neo con platitudes and have no understanding of Fukuyama.
    Gun Control: The theory that a woman found dead in an alley, raped and strangled with her panty hose, is somehow morally superior to a woman explaining to police how her attacker got that fatal bullet wound - Unknown


    The problem is Empty People, Not Loaded Guns - Linda Schrock Taylor
     

  8. #8  
    Senior Member LibraryLady's Avatar
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    I would love to see some polling data on this (I bet McCain has). I think the majority of Americans are repulsed by the hyper inflated incomes of some of these poorly performing CEOS.

    Kevin Drum wrote this 4 years ago:


    Got that? A full ten percent of corporate earnings go to the top five people in the company. The. Top. Five.

    Don't you think it's about time shareholders and workers started making some noise about this? I'm guessing that America's senior managers could probably make a perfectly good living on a measly 5% of total corporate profits, don't you?

    UPDATE: Matt Yglesias says, fine, but what should we do about this? After all, government regulation of CEO salaries doesn't sound like such a great idea.

    I agree, and I'd never suggest such a thing. But there are other options. First, if conservatives actually agreed that this was a problem which I doubt they'd at least speak out about it. That is, they'd try to shame their fellow conservatives into keeping their compensation demands somewhere south of the stratosphere. They'd try to persuade them that gold-plated executive washroom fixtures and salaries that are 500x the median are rather too close to Gilded Age arrogance for comfort.

    Second, there's government regulation and then there's government regulation. We might not want to directly regulate CEO compensation, but we can certainly enact policies that motivate companies to pay their executives differently. Transparency of pay plans, stock option accounting, deductibility of perks, tax treatment of capital gains and dividends, and progressive taxation in general are obvious starting places.

    Some interesting comments and suggestions at the Yglesias site.
     

  9. #9  
    I think he's probably right on this one. The US is the country with the highest CEO wages in the world, so it shouldn't bring any problem for America's competitiveness in the global talent war. And there is absolutely no economic logic that justifies the rising of CEO wages by a multitude of average wage rises over the past few decades. Nobody needs a few ten million dollars a year, and you don't deserve it if you're not even the one taking any risks.
     

  10. #10  
    Senior Member Molon Labe's Avatar
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    Quote Originally Posted by LibraryLady View Post
    I would love to see some polling data on this (I bet McCain has). I think the majority of Americans are repulsed by the hyper inflated incomes of some of these poorly performing CEOS.

    Kevin Drum wrote this 4 years ago:




    Some interesting comments and suggestions at the Yglesias site.
    So he's going to sock it to the CEOs but he doesn't say anything about ending federal subsidies to corporations. Isn't that like punching yourself in the face?

    The fact that government creates conditions that allow corporations to free ride on the backs of federal corporate welfare subsidies hurts the free markets much more than what someone pays their CEO. McCain suggesting that it is somehow the Feds responsibility to prosecute is a backwards as is the current corporate system. I'm a pretty altruisitic person. I doubt I could take even 5% myself and I could probably get by on about 1%. But that's probably why I'm not in business
    Gun Control: The theory that a woman found dead in an alley, raped and strangled with her panty hose, is somehow morally superior to a woman explaining to police how her attacker got that fatal bullet wound - Unknown


    The problem is Empty People, Not Loaded Guns - Linda Schrock Taylor
     

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