Congress Tax Credit

Congress Tax Credit

Question: Is it constitutional for congress to pay banks, credit card, insurance companies our tax dollars?!!?

The government is so obviously bought off by private corporations, to the point they are now handing over our tax dollars to them. Isn’t this illegal? Should they all go to jail for corruption? They are pretending it’s a bailout. THese are companies that charge over 20% interest rates and make bank. Just because they got greedy and gambled on Wall Street, why should they get paid off for all their losses instead of taking a hit like everyone else. They still seem to have enough to pay their CEO’s over 16 million in salary and take luxury trips like the one at the Ritz in Dana Point just days before the bailout passed. THey are laughing all the way to the bank on our dime and I’m sick of it, lying to us like it affects the economy of the CEO and shareholders make less profit than the amount they’re used to!

Answer: Congress can make any law to disburse funds from the Treasury in any way it sees fit.

It sucks, but if Congress makes a law, it’s legal.

Five ideas to stimulate the economy

Despite the $787 billion stimulus plan Congress passed in 2009 following the financial crisis, it’s been a painfully weak economic recovery. With unemployment staying at an unnervingly high 9.5%, economists expect growth to continue slowing later this year. This has only fueled talk of the need for another round of government spending.


Tax Havens: International Tax Avoidance and Evasion - CRS Report


Tax Havens: International Tax Avoidance and Evasion – CRS Report


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The federal government loses both individual and corporate income tax revenue from the shifting of profits and income into low-tax countries, often referred to as tax havens. The revenue losses from this tax avoidance and evasion are difficult to estimate, but some have suggested that the annual cost of offshore tax abuses may be around $100 billion per year. International tax avoidance can arise …

The Student Loan Scam: The Most Oppressive Debt in U.S. History - and How We Can Fight Back


The Student Loan Scam: The Most Oppressive Debt in U.S. History – and How We Can Fight Back


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Alan Collinge never imagined he would become a student loan justice activist. He planned to land a solid job after college, repay his student loan debt, and then simply forget the loans ever existed. Like millions of Americans, however, in spite of working hard, Collinge fell behind on payments and entered a labyrinthine student loan nightmare.High school graduates can no longer put themselves thr…

Biofuels Incentives: A Summary of Federal Programs - CRS Report


Biofuels Incentives: A Summary of Federal Programs – CRS Report


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With recent high energy prices, the passage of major energy legislation in 2005 (P.L. 109-58) and 2007 (P.L. 110-140), and the passage of a farm bill in 2008 (P.L. 110-246), there is ongoing congressional interest in promoting alternatives to petroleum fuels. Biofuels-transportation fuels produced from plants and other organic materials-are of particular interest.Ethanol and biodiesel, the two mos…

Thank You Congress For Extending The Tax Credit Closing Date


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