If repubican eliminate corporate welfare, federal income could be reduced by nearly 1/2 for those making between $27,682 and $55,225, and entirely abolish all income taxes for Americans making below $27,682. This would benefit wage-earners enormously by offsetting regressive nature of payroll tax, and would benefit small businesses by eliminating anti-competitive nature of corporate welfare spending [Todd Altman, 1/20/03, Why We Need to Abolish Corporate Welfare]
CORPORATE WELFARE IN AMERICA! BOEHNER WANTS TO CUT $100 BILLION. START WITH "CORPORATE WELFARE" ESTIMATED TO BE BETWEEN $100 TO $500 BILLION!
John Boehner, the new speaker, promised the incoming House members of the 112th Congress on Wednesday to “give the government back to the American people.” But away from the camera, the chamber’s new Republican leadership is busy doing the opposite.
Darrell Issa of California, the new chairman of the House Committee on Oversight and Government Reform, has sent out letters to 150 businesses and trade groups, asking them for suggestions on loosening what he called “job-killing” corporate regulations.
This, of course, has nothing to do with Mr. Boehner’s tearful populism and everything to do with the tens of millions in corporate dollars that helped propel the Republicans to power in the House. Businesses have complained about the Obama administration’s expanded, and necessary, oversight of finance, health care and food production, among other areas. Now they have helped elect a House leadership that is eager to do their bidding.
Mr. Issa did not have to wait long for answers to his query. To cite just a few: Financial companies have protested the new controls on debit-card fees, which were enacted to save small businesses billions of dollars and to lower prices. Manufacturers said they did not like the proposed E.P.A. limits on greenhouse gas emissions, intended to begin addressing global warming. There were even complaints about the cost to business of proposed federal limits on how long truck drivers can be behind the wheel, which would save lives on the highway.
None of this should be surprising, especially coming from Mr. Issa, who has already made clear his intention to harass the Obama administration with “seven hearings a week, times 40 weeks.”
One of his targets, he has said, would be the new Consumer Financial Protection Bureau, which is intended to curb some of the financial industry’s worst practices and help head off another meltdown. Apparently he required no hearings or the slightest smidgen of evidence to declare that President Obama is “one of the most corrupt presidents in modern times,” even if he now claims that corrupt does not mean criminal.
The new Republican leaders love to insert the phrase “job-killing” in front of everything they oppose, hoping it might mask their true intentions. Mr. Boehner has been speaker for just one day. But it is already clear that the Republicans’ plan is to serve their corporate donors, above all else.
A version of this editorial appeared in print on January 6, 2011, on page A26 of the New York edition..
