Tax bill reworked to sway angry House...

Tax bill reworked to sway angry House Democrats

There are 105 comments on the TwinCities.com story from Dec 9, 2010, titled Tax bill reworked to sway angry House Democrats. In it, TwinCities.com reports that:

The Senate opened debate late Thursday on a reworked tax package that would add incentives for ethanol and other sources of renewable energy, which many Democrats have demanded, but leave intact the core elements of a deal negotiated by the White House and Republicans, including a revived inheritance tax that has outraged liberal lawmakers.

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Since: Apr 08

Wisconsin Rapids, WI

#1 Dec 10, 2010
Adding more bribes for the liberals. Let them all the special provisions die a loud death.
Tired of it all

South Saint Paul, MN

#2 Dec 10, 2010
So the hypocritical Demorats could not extend tax cuts because the "debt" it would cause this country. But they will be able to hold their collective socialist noses and vote yes if we can add yet more debt by extended the pork projects for their districts.

Wow, who would have expected this?
Subsidies

Elk River, MN

#4 Dec 10, 2010
No more subsidies for wind and solar. If they can't make it on their own, then we know they aren't efficient forms of energy. There should also be no estate tax at all. It's already been taxed already, there's no reason for the government to steal more. Last but not least, there should only be a 3-6 month extension of unemployment benefits. 13 months is way too much time to add on. It should still be 6 months total, but dems love handing out more welfare money.
John

Carol Stream, IL

#7 Dec 10, 2010
"The Senate opened debate late Thursday on a reworked tax package that would add incentives for ethanol and other sources of renewable energy, "

Even the nut-job Al Gore has stated Ethanol is a mistake.

http://www.thetruthaboutcars.com/2010/11/quot...
Goretex

Saint Paul, MN

#8 Dec 10, 2010
The Repubs should not cave in to the angry Dems.
Towing

Saint Paul, MN

#9 Dec 10, 2010
John wrote:
"The Senate opened debate late Thursday on a reworked tax package that would add incentives for ethanol and other sources of renewable energy, "
Even the nut-job Al Gore has stated Ethanol is a mistake.
http://www.thetruthaboutcars.com/2010/11/quot...
John

And how much petroleum oil company stock do you own? Many of the ethanol naysayers are just that - benefactors of Big Oil. But then, I see you live in Chicago. What do you really care about farm interest unless the price of bread and/or corn oil goes up?
Zeke

Minneapolis, MN

#10 Dec 10, 2010
John wrote:
"The Senate opened debate late Thursday on a reworked tax package that would add incentives for ethanol and other sources of renewable energy, "
Even the nut-job Al Gore has stated Ethanol is a mistake.
http://www.thetruthaboutcars.com/2010/11/quot...
EXACTLY! Ethanol uses up our water supply, drives up the cost of food, and when added to fuel at the pumps, reduces gas mileage....a 10% mixture of ethanol reduces mileage by 20%...imagine when the government requires a 20% additive...just ask the flex fuel users what happens with E85.

ETHANOL ISN'T A GREEN INDUSTRY...QUITE THE OPPOSITE!
Outsidelookingin

Grantsburg, WI

#11 Dec 10, 2010
Tell my why Democrats insist on taxing the dead through estate taxes. The gov't already collected taxes on that money through income and capital gains taxes. Many heirs are forced to sell assets to pay this ridiculous tax that only provides more money to the Dems for wasteful spending. After the Bush tax cuts were enacted there was 58 months of job creation. Then the Dems (Barney Frank, Chris Dodd, et al) dished out money to people whou couldn't afford to pay home loans throwing the economy into shambles. On top of that was trillions is wasteful "stimulus" spending that further threw the economy in turmoil. Now they want more of our money to spend on their programs. Businesses won't hire until we have a stable economy. With Obama and the Dems in charge, that ain't gonna happen!

“SEMPER FI”

Since: Feb 10

Location hidden

#12 Dec 10, 2010
Former U.S. Vice President Al Gore reportedly has had a change of heart on ethanol, telling a conference on green energy in Europe that he only supported tax breaks for the alternative fuel to pander to farmers in his home state of Tennessee and the first-in-the-nation caucuses state of Iowa.

Speaking at a green energy business conference in Athens sponsored by Marfin Popular Bank, Gore said the lobbyists have wrongly kept alive the program he once touted.

"It is not a good policy to have these massive subsidies for first-generation ethanol," Reuters quoted Gore saying of the U.S. policy that is about to come up for congressional review. "First-generation ethanol I think was a mistake. The energy conversion ratios are at best very small.

"One of the reasons I made that mistake is that I paid particular attention to the farmers in my home state of Tennessee, and I had a certain fondness for the farmers in the state of Iowa because I was about to run for president," the wire service reported Gore saying.

Credits for corn ethanol subsidies expire at the end of the year unless Congress moves to renew the $7.7 billion annual program. Opponents of the corn subsidies say that it removes valuable food products from the table because the U.S. ethanol industry drives up the price of corn.

"The size, the percentage of corn particularly, which is now being (used for) first-generation ethanol definitely has an impact on food prices," he said. "The competition with food prices is real."

Ethanol production this year will reportedly consume 41 percent of the U.S. corn crop and 15 percent of the global corn crop. Last month, the Agriculture Department said corn crop production would fall this year and attributed the decline to the increase in the price of corn.

The Media Research Center's Noel Sheppard noted that as vice president, Gore was the tie-breaking vote in 1994 when the Senate voted to authorize ethanol production. Sheppard said that those who question Gore's motives behind the climate change movement that landed the former vice president a Nobel prize and Oscar should also look to his comments on ethanol.

"So more than 10 years ago, Gore supported an expensive,'not good policy' because he thought it would help him get elected president. Yet media don't believe he'd misrepresent the threat of manmade global warming in order to become extremely rich," Sheppard wrote Monday.
Porkulus

Minneapolis, MN

#13 Dec 10, 2010
Oh, Christmas Tree! Tax deal larded up with TARP special interest provisions

http://washingtonexaminer.com/blogs/beltway-c...

Remember all of those special interest tax breaks in the 2008 TARP bill?

- Film and Television Productions (Sec. 502)
- Wooden Arrows designed for use by children (Sec. 503)
- Virgin Island and Puerto Rican Rum (Section 308)
- American Samoa (Sec. 309)
- Mine Rescue Teams (Sec. 310)
- Mine Safety Equipment (Sec. 311)
- Domestic Production Activities in Puerto Rico (Sec. 312)
- Indian Tribes (Sec. 314, 315)
- Railroads (Sec. 316)
- Auto Racing Tracks (317)
- District of Columbia (Sec. 322)
- Wool Research (Sec. 325)

Many of them are back. Although I'm not sure yet whether the "research credit" is for "wool research."

-Research credit.
-Indian employment tax credit.
-New markets tax credit.
-Railroad track maintenance credit.
-Mine rescue team training credit.
-7-year recovery period for motorsports entertainment complexes.
-Accelerated depreciation for business property on an Indian reservation.
-Election to expense mine safety equipment.
-Special expensing rules for certain film and television productions.
-Expensing of environmental remediation costs.
-Deduction allowable with respect to income attributable to domestic production activities in Puerto Rico.
-Tax incentives for investment in the District of Columbia.
-Temporary increase in limit on cover over of rum excise taxes to Puerto Rico and the Virgin Islands.
-American Samoa economic development credit.

Increasing spending. Yep, thatíll get rid of the deficit, just as it has over the last 40 years.

Since: Jan 07

Location hidden

#14 Dec 10, 2010
Zeke wrote:
<quoted text>
EXACTLY! Ethanol uses up our water supply, drives up the cost of food, and when added to fuel at the pumps, reduces gas mileage....a 10% mixture of ethanol reduces mileage by 20%...imagine when the government requires a 20% additive...just ask the flex fuel users what happens with E85.
ETHANOL ISN'T A GREEN INDUSTRY...QUITE THE OPPOSITE!
EXACTLY! Lower fuel economy means more fill-ups, which means more pollution, not less. So ethanol while cleaner, actually creates more pollution because more frequent fill-ups are required. Logic escapes tree-hugging brain dead liberals.

Not too mention ethanol is more damaging to vehicles, especially those 8-10years and older. For motorcycles is even worse, injected or carburetor.
Porkulus

Minneapolis, MN

#15 Dec 10, 2010
Remember all of those special interest tax breaks in the 2008 TARP bill?

- Film and Television Productions (Sec. 502)
- Wooden Arrows designed for use by children (Sec. 503)
- Virgin Island and Puerto Rican Rum (Section 308)
- American Samoa (Sec. 309)
- Mine Rescue Teams (Sec. 310)
- Mine Safety Equipment (Sec. 311)
- Domestic Production Activities in Puerto Rico (Sec. 312)
- Indian Tribes (Sec. 314, 315)
- Railroads (Sec. 316)
- Auto Racing Tracks (317)
- District of Columbia (Sec. 322)
- Wool Research (Sec. 325)

Many of them are back. Although I'm not sure yet whether the "research credit" is for "wool research."

-Research credit.
-Indian employment tax credit.
-New markets tax credit.
-Railroad track maintenance credit.
-Mine rescue team training credit.
-7-year recovery period for motorsports entertainment complexes.
-Accelerated depreciation for business property on an Indian reservation.
-Election to expense mine safety equipment.
-Special expensing rules for certain film and television productions.
-Expensing of environmental remediation costs.
-Deduction allowable with respect to income attributable to domestic production activities in Puerto Rico.
-Tax incentives for investment in the District of Columbia.
-Temporary increase in limit on cover over of rum excise taxes to Puerto Rico and the Virgin Islands.
-American Samoa economic development credit.

Increasing spending. Yep, thatíll get rid of the deficit, just as it has over the last 40 years.
Rice St

Saint Paul, MN

#16 Dec 10, 2010
People have to take Note: Our Media in this Country is Worthless (PreSchool)! The DEMOCRATS Own Washington DC. The Republicans have NO POWER, the Republicans could not stop a door from swingging shut.

Now I see the Big Government GOP is playing games here. They also want Millions to go to Big Ethanol and are acting like they are being Forced to agree.
They don't want you to know the Truth!

Its also note worthy that the Democrats head Witch Nancy Pelosi would Not let all the HOUSE DEMOCRATS that got Voted out, "but still have power" to sit at the Negotiation table. Where is the Democrat Love?

POINT: Don't TRUST anyone of any Party, Once you give them Your Vote, YOU are useless to them!

The People in Minnesota will see in 2012 what T-PAW did at our Gas Pumps, 20% Ethanol (LAW) in all Gas, Now you people with older cars, take the time and read your owners manual and you will find that your car can only use 10% Ethanol MAX.. Ethanol cost Americans Million every year in repairs from Cars,Boats to lawn-mowers. Ever think our Media would look in to this? He!! No, Worthless!
FL Guy

Cambridge, MN

#17 Dec 10, 2010
This will go down in history as the Obama Tax Hikes.
Spats

Hudson, WI

#18 Dec 10, 2010
Towing wrote:
<quoted text>
John
And how much petroleum oil company stock do you own? Many of the ethanol naysayers are just that - benefactors of Big Oil. But then, I see you live in Chicago. What do you really care about farm interest unless the price of bread and/or corn oil goes up?
No wonder why this country's half in the crapper. You know ethanol is a fiasco, and if you don't well, that's why the crapper comment.
Bud in St Paul

Minneapolis, MN

#19 Dec 10, 2010
Democrats need to stick to their message and keep their priority straight.

Ethanol is already to highly subsidize by the government. The facts are ethanol is not cost effective and is bad for the environment.

Since: Jan 07

Location hidden

#20 Dec 10, 2010
Beersteiner wrote:
Former U.S. Vice President Al Gore reportedly has had a change of heart on ethanol, telling a conference on green energy in Europe that he only supported tax breaks for the alternative fuel to pander to farmers in his home state of Tennessee and the first-in-the-nation caucuses state of Iowa.
Speaking at a green energy business conference in Athens sponsored by Marfin Popular Bank, Gore said the lobbyists have wrongly kept alive the program he once touted.
"It is not a good policy to have these massive subsidies for first-generation ethanol," Reuters quoted Gore saying of the U.S. policy that is about to come up for congressional review. "First-generation ethanol I think was a mistake. The energy conversion ratios are at best very small.
"One of the reasons I made that mistake is that I paid particular attention to the farmers in my home state of Tennessee, and I had a certain fondness for the farmers in the state of Iowa because I was about to run for president," the wire service reported Gore saying.
Credits for corn ethanol subsidies expire at the end of the year unless Congress moves to renew the $7.7 billion annual program. Opponents of the corn subsidies say that it removes valuable food products from the table because the U.S. ethanol industry drives up the price of corn.
"The size, the percentage of corn particularly, which is now being (used for) first-generation ethanol definitely has an impact on food prices," he said. "The competition with food prices is real."
Ethanol production this year will reportedly consume 41 percent of the U.S. corn crop and 15 percent of the global corn crop. Last month, the Agriculture Department said corn crop production would fall this year and attributed the decline to the increase in the price of corn.
The Media Research Center's Noel Sheppard noted that as vice president, Gore was the tie-breaking vote in 1994 when the Senate voted to authorize ethanol production. Sheppard said that those who question Gore's motives behind the climate change movement that landed the former vice president a Nobel prize and Oscar should also look to his comments on ethanol.
"So more than 10 years ago, Gore supported an expensive,'not good policy' because he thought it would help him get elected president. Yet media don't believe he'd misrepresent the threat of manmade global warming in order to become extremely rich," Sheppard wrote Monday.
Great! So when will he admit that his Global Warming is a hoax and scam too?

Since: Jan 07

Location hidden

#21 Dec 10, 2010
Rice St wrote:
People have to take Note: Our Media in this Country is Worthless (PreSchool)! The DEMOCRATS Own Washington DC. The Republicans have NO POWER, the Republicans could not stop a door from swingging shut.
Now I see the Big Government GOP is playing games here. They also want Millions to go to Big Ethanol and are acting like they are being Forced to agree.
They don't want you to know the Truth!
Its also note worthy that the Democrats head Witch Nancy Pelosi would Not let all the HOUSE DEMOCRATS that got Voted out, "but still have power" to sit at the Negotiation table. Where is the Democrat Love?
POINT: Don't TRUST anyone of any Party, Once you give them Your Vote, YOU are useless to them!
The People in Minnesota will see in 2012 what T-PAW did at our Gas Pumps, 20% Ethanol (LAW) in all Gas, Now you people with older cars, take the time and read your owners manual and you will find that your car can only use 10% Ethanol MAX.. Ethanol cost Americans Million every year in repairs from Cars,Boats to lawn-mowers. Ever think our Media would look in to this? He!! No, Worthless!
YUP! My 2010 Victory I had to have the throttle body cleaned at 5,000 miles because of ethanol. 5,000 miles !!! That is just the break-in period on the bike! It is recommended to have that performed every 5,000 miles, at a cost of $400. My V-Max runs like shit these days because of ethanol. Even adding Sta-Bil is not enough to reduce the ethanol gasses.
Hawkshaw

Saint Paul, MN

#22 Dec 10, 2010
Outsidelookingin wrote:
Tell my why Democrats insist on taxing the dead through estate taxes. The gov't already collected taxes on that money through income and capital gains taxes. Many heirs are forced to sell assets to pay this ridiculous tax that only provides more money to the Dems for wasteful spending. After the Bush tax cuts were enacted there was 58 months of job creation. Then the Dems (Barney Frank, Chris Dodd, et al) dished out money to people whou couldn't afford to pay home loans throwing the economy into shambles. On top of that was trillions is wasteful "stimulus" spending that further threw the economy in turmoil. Now they want more of our money to spend on their programs. Businesses won't hire until we have a stable economy. With Obama and the Dems in charge, that ain't gonna happen!
NY Congressmen Weiner likens inheritance like winning money at the casino; the person receiving the money didn't earn it. Regardless of how you feel about it the inheritance tax causes those who inherit the money to sometimes sell the estates, farms, small businesses, etc of their parents in order to pay the taxes. Its almost if the government is, in these instances, confiscating the property of the of deceased in order to get their pound of flesh.

Since: Jan 07

Location hidden

#23 Dec 10, 2010
The GOP should not have caved to the cry-baby Democrats.

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