Linda McMahon Republican senate nominee in Connecticut is Selling Pants on Fire Lies
Linda McMahon, the Republican senate nominee in Connecticut, is selling herself as the consummate business woman, thanks to her years as an executive with World Wrestling Entertainment. But if her appearance last night on CNBC is any indication, McMahon is a little unclear about how much money the typical small business owner is earning. CNBC’s supply-side devotee Larry Kudlow asked McMahon for her position on allowing the Bush tax cuts for the wealthiest two percent of Americans to expire, and McMahon used the standard Republican argument that permitting the expiration would cause a tax increase on small businesses:McMahon represents the same old Bushnomic policies that got America into this financial crisis. She says she representatives much needed change, but will do everything she can to drag us back into the no growth economics of Bush and Republicans. If McMahon is going to lie her way into office she will lie when she gets there. That is not change. That is more business as usual for the worshipers of voodoo economics.
The fallacy Larry, and you know this as well as anyone, it’s not just that top marginal tax rate that’s going to affect the wealthy, it’s going to affect small businesses. I’ve started as a Subchapter S corporation, and so when you increase that top marginal tax rate, if it goes from 35 to 39.6 percent, you know, that’s going to be a big dig for small businesses. And as I talk to small businesses all over the state of Connecticut, they’re telling me, ‘look, I’m not going to grow. I’m not going to go over that level. I’ll lay somebody off, I won’t take that next job, I can’t work any harder, and I’m just not going to work any more for the government.’
The fact remains that fewer than two percent of small businesses and less than three percent of people with any business income whatsoever will see a tax increase if the top two income tax brackets reset to the 2001 level, as President Obama has proposed. As The Wonk Room explained, small businesses are actually hesitant to hire because of weak economic conditions and lack of demand, not the political climate as McMahon claims. McMahon herself, who holds personal assets worth anywhere from $156 million to $400 million, would face higher tax rates if the tax cuts for the rich expire, but the same can’t be said for the vast majority of small business owners.
What kind of people does California Senate gubernatorial Meg Whitman associate with - Smelling A Chance To Burn Oil Money, Tobacco Lobbyists Orchestrate Effort To Repeal CA Clean Energy Law
Prop 23 operativesTo manage their initiative to roll back California’s landmark climate change law, AB 32, big oil is turning to the same deceptive tobacco operatives who engineered Philip Morris’ fight against efforts to tax cigarettes and stop childhood as well as indoor smoking. According to veteran right-wing activist Ted Costa, former Philip Morris outside counsel Tom Hiltachk co-opted his AB 32 repeal initiative, known as Proposition 23 (”Prop 23?). Hiltachk’s name appears on both versions of Prop 23 filed with the California Attorney General, and his tactics and already ubiquitous in the campaign.Meg Whitman - a paid up member of the conservative culture of corruption.
Hiltachk, who is also serving as an attorney for Republican gubernatorial candidate Meg Whitman, has made a career writing misleading right-wing initiatives, then pitching the initiatives to corporations that may benefit from their passage. To fund Prop 23, he reached out to a friend from his days working for the tobacco industry, Mike Carpenter. Carpenter, the former top California lobbyist for Philip Morris, now lobbies for Valero, a Texan oil company with operations in California. To date, Valero has been the prime driver of the Prop 23, donating over $1 million so far directly to the effort.
