Wednesday, April 13, 2011

Good News

I just listened to President Obama's speech (why do they have them in the middle of the workday, I wonder?)  

Anyway, for the first time in awhile, I was actually heartened, particularly by proposed tax code reform that would, among other things,  limit itemized deductions for the wealthiest 2%  and by the  Debt Failsafe idea:  If the targets he proposed haven't been reached by 2014, then they will have to be met by way of more spending cuts and more reductions in tax benefits to the wealthiest.  It provides incentives for both sides of the divide in Congress to 'get her done' rather than continue to 'kick the can down the road'.

In other jaw-dropping good news, turns out it WAS too good to be true!  Jeffrey Immelt did NOT do the right thing and agree to deliver to the US Treasury the $3.2 billions in taxes GE didn't have to pay in 2010. Though announced in a press release on US Uncut's site, turns out it was a big hoax.

Just when I was starting to believe again.

2 comments:

lacochran's evil twin said...

Because people complained when their reality shows got bumped?

Sad but probably true.

Peter Clare said...

I hope he keeps the sharp edge that was in the speech, hopefully he has come to the realization over the last three years that we can't all get along.

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