A tax that is a whopping 15%. Woohoo! It should be 35% tax and the top marginal tax rate should be closer to 70%.
Is McCain serious?
McCain is a joke.
He's all Up in Arms...HA! See what I did there...?
GM and Ford will tear Carl Levin a new one before they allow him to close the loopholes
- Rand Paul (R-KY) is up and saying he is "offended" by the hearing. "Tell me a politician who is up here and doesn't try to minimize his taxes Tell me what Apple has done is illegal. I am offended by a government that convenes a hearing to bully one of America's greatest success stories If anyone should be on trial here, it should be Congress. I frankly think the committee should apologize to Apple."
According to you, the republicans are the answer, right?
LOL and LOL
Senator Claire McCaskill (D-MO) - I think Apple is utilizing the tax code we have given them.
Really? In 1913 congress gave control of the nation's money to the banks.These dirty liberals are just drooling at the thought of getting a chunk of that 100 billion. What a shame. This isn't what our founding fathers wanted when they formed this government.
In April 1987, as the world of savings and loan associations teetered under the weight of a boom in commercial real-estate lending, a group of senators met twice with federal banking regulators on behalf of Charles H. Keating, Jr., whose bank later collapsed at a cost to taxpayers of $3 billion. The senators -- Alan Cranston of California, John Glenn of Ohio, Dennis DeConcini and John McCain of Arizona, and Donald W. Riegle of Michigan (who attended only one of the meetings) -- had collectively received $1.3 million in campaign contributions from Mr. Keating, and their actions later became the subject of a lengthy ethics investigation into what became known as the case of the Keating Five. In 1991, the Senate censured Mr. Cranston and reprimanded the others for "poor judgment.''
He could have been President. Imagine.
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You misunderstood, I meant no correlation between the two. It was simply a statement that as hate crimes have been increasing, I do not consider myself a Libertarian as some suggested they are socially liberal. Rand Paul has been on record with his stance on equal rights for the LGBT community. Does that mean he held the gun that killed a man in Greenwich Village? No, but his influence certainly isn't helping. However, I did not make a direct correlation.![]()
Just remember: McCain thought Sarah Palin would be a good V.P. His intelligence is very much in question.
- Senator Paul - "Neither this panel nor anyone on the committee has said Apple has broken any laws it would probably be malpractice for them not to do so I don't know of anybody on this panel who tries to maximize their tax burden. Mr. Harvey, do you take any deductions on your taxes?" "No." "Do you think you're a bad person for doing that?" "Absolutely not."
- Paul - "Money goes where it's welcome we have a 35% corporate income tax, we're chasing people away from us we should be giving them an award today." They are obeying the law. They are doing what their shareholders have asked, which is to maximize profit. Let's not vilify American companies.
- Levin - We are trying to shine a spotlight on big companies, we are not trying to vilify them. To call this vilification misses the function of the subcommittee and misses the function of Congress. We are here to look at the functions of Government and see how they work and don't.
Since you mentioned Rand Paul, Libertarians, and hate crimes in the same paragraph, it sure seemed like you were making a connection. I am glad that is not the case. And I am still glad that Rand Paul is on this subcommittee!![]()
Hamlet's line "... brevity is the soul of wit, And tediousness the limbs and outward flourishes, I will be brief" comes to mind here. Among all the blowhards and attentionwhores at the witch trial, McCaskill nails in a single sentence. Amazing.
Like what Apple is doing or not, Apple shouldn't be the focus and used by Congress to distract from the real issue: the current tax code is a dog.
Congress wrote the current tax bill. That is the point. Apple has embarrased them because it's exposed all the flaws. What Congress should do is stop this dog and pony show and actually do some work for a change (that means compromises on both sides of the the Capitol and both ends of Penn Ave) and reform the code. That, not Apple, or any other company, should be the focus.
Tim getting pissed.
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McCain doesn't understand why he has to update apps...![]()