Friday, December 24, 2010

Did Voters elect Republicans to put business interests over their own? Yes, say GOP winners.

The following article makes it clear just who really won the election in November. Business.

You’ll also notice that the Republican plan for economic recovery doesn’t really improve the demand side of the equation, or encourage job creation. For freedom loving conservatives, take notice, you’ll soon see how limited your freedom will be in the unaccountable free market.   
AP-Republicans (are) preparing to take over statehouses around the country are proposing to cut corporate taxes, weaken union clout and rewrite laws on discrimination, whistle-blowers and injured workers to the benefit of employers. In short, they intend to push through a business lobbyist's wish list. 
"It's going to be a good year for businesses," said Missouri Sen. Brad Lager, the commerce committee chairman … Republicans will hold a majority of governorships and their greatest number of state legislative seats since 1928
But those pro-business policies are in some cases theories - not yet clearly proven to create jobs. And if they do work … each new business tax break enacted could add to what the National Conference of State Legislatures forecasts to be an $83 billion shortfall for the upcoming budget year in about two-thirds of the states.
One of the first places to test the new pro-business push will be Wisconsin, where Republican Gov.-elect Scott Walker … wants to lower taxes on businesses with fewer than 50 employees (and) impose new business-friendly limits on liability lawsuits In Michigan, voters elected the former chief operating officer of Gateway Inc. … Republican Gov.-elect Rick Snyder wants to eliminate the Michigan Business Tax, which generates about $2.2 billion annually, and replace it with a lower corporate income tax projected to produce about $700 million for the state. 
The theory behind cutting corporate tax rates is that businesses will be more likely to locate or expand in a state if they can keep more of their profits. But the Congressional Budget Office has cast doubt … A January 2008 report said "increasing the after-tax income of businesses typically does not create an incentive for them to spend more on labor or to produce more," because decisions on whether to increase production depends on their ability to sell the product.
Such cuts haven't helped yet in California, where … Schwarzenegger forced Democrats two years ago to accept corporate tax cuts that cost the state an estimated $2.5 billion a year in revenue. So far, there is little evidence the cuts created jobs - unemployment has remained a steady 12 percent since the summer of 2009 - or boosted revenue.
The new “goverbusiness model” will also include a few “race to the bottom” changes as well:
The pro-business efforts extend beyond policies that will affect a state's budget. In Oklahoma, where incoming leaders such as Gov.-elect Mary Fallin want to lower workers' compensation costs for businesses and overhaul the civil justice system to reduce liability insurance costs for doctors and businesses.
Little did we know the idea of preserving this nation’s freedom and liberty only applied to business, and conversely limited an individual’s rights and freedoms?

That’s called Dickensian. 

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