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Progressive Breakfast - 1/18/2012

Each morning, Bill Scher and Terrance Heath serve up what progressives need to effect change on the kitchen-table issues families face: jobs, health care, green energy, financial reform, affordable education and retirement security.

MORNING MESSAGE: Newt's Race Card

Progressive Breakfast

Each morning, Bill Scher and Terrance Heath serve up what progressives need to effect change on the kitchen-table issues families face: jobs, health care, green energy, financial reform, affordable education and retirement security.

MORNING MESSAGE: Newt's Race Card

Internet Blackout Today The Fight For A Free And Open Web

Because our fight for a people-powered democracy and an economy that works for all Americans depends on a free and open Internet, OurFuture.org today is standing in solidarity with the many websites that are protesting two bills pending in Congress that are direct and profound threats to that freedom.

What Mitts Taxes Couldve Paid For (If Not For Those Cushy Tax Breaks)

Mitt Romney probably pays a lower percentage of Federal income tax than you do. At a press conference today, Romney said that the effective rate he's been paying is "probably closer to the 15 percent rate than anything."1

Mitt makes out like a bandit because capital gains are only taxed at 15 percent, whereas ordinary folks who earn above $35,000 are taxed at 25 percent (the rate gradually goes up to 35 percent above that). He also scored big because nonproductive game-players like Bain Capital take most of their fees as a percentage of the money they invest -- which is also taxed at 15 percent!

Then there are all the other tax breaks for millionaires, which is why 1,470 households made more than a million dollars and yet paid nothing -- zero, zip, nada -- in Federal income tax in 2009.

Sure, these tax breaks benefit Mitt. And they help the people he cares most about. (Some of those "people" are corporations ...) But they're hurting everyone else. Before we cut Social Security to reduce the deficit (to which it doesn't contribute), let's see what would have happened if Mitt had paid his fair share of taxes.

Romney's worth $250 million. Let's see: What would Mitt Romney's proper tax contribution on that money -- just Mitt's, nobody else's -- have provided for the nation that has given him so much?

National Science Board Report US Losing R&D Jobs To Asia

The United States is losing ever more jobs and becoming ever less competitive as our universities are cut back and companies move R&D jobs to Asia. We lost 687,000 high-tech manufacturing jobs lost since 2000. Universities cut back 20% on public research. 85% of growth in R&D employment by American companies occurred abroad.

Jobs Lost

Newtie Hates So Good

Here's some video of an arrogant white man lecturing a black man about what black people have a right to be offend by --- on Martin Luther King day:

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