USuncutMN says: Tax the corporations! Tax the rich! Stop the cuts, fight for social justice for all. Standing in solidarity with http://www.usuncut.org/ and other Uncutters worldwide. FIGHT for a Foreclosure Moratorium! Foreclosure = homelessness. Resist the American Legislative Exchange Council, Grover Norquist and Citizen's United. #Austerity for the wheeler dealers, NOT the people.



We Are The 99% event

USuncutMN supports #occupyWallStreet, #occupyDC, the XL Pipeline resistance Yes, We, the People, are going to put democracy in all its forms up front and center. Open mic, diversity, nonviolent tactics .. Social media, economic democracy, repeal Citizen's United, single-payer healthcare, State Bank, Operation Feed the Homeless, anti-racism, homophobia, sexISM, war budgetting, lack of transparency, et al. Once we identify who we are and what we've lost, We can move forward.



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Monday, June 20, 2011

Must Read: Invest Offshore Profits in U.S. Infrastructure


The beat-up state of America's last-century infrastructure – trains, roads, bridges, airports, electrical grid, Internet etc. – has become a national embarrassment (who among us isn't sick of hearing about China's sleek, gleaming airports and lightning-fast broadband?). It's also a strait jacket on the economic recovery and drag on long-term growth. Fixing it up will cost about $1 trillion. That money's not coming out of a deficit-obsessed Congress any time soon; nor is the private sector going to be ponying up, since infrastructure investment tends to be an unattractively large-scale and low-return proposition. So, what to do? Policy thinkers Reed Hundt and Thomas Mann, writing in the Washington Post, have an idea: American businesses have more than a trillion dollars in profits parked in bank accounts overseas, safely out of reach of the IRS but not doing anyone any good. What if Congress let firms bring back their overseas profits tax free – if, and only if, they put the money into an infrastructure bank for a certain period? The bank would then issue low-interest, long-term loans for infrastructure projects. Putting together two problems – neglected infrastructure, corporate tax evasion – might add up to "a solution that works for both sides of the aisle," Reed and Mann write, hopefully, "even in these sharply polarized times." Hmm, maybe. To me, it sounds far too sensible to get through Congress.

 'Rebuild American infrastructure? Companies’ offshore profits can help'[Washington Post]

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