Sunday, June 20, 2010

THE CASE AGAINST LYNN JENKINS CHAPTER 13 - VOTING AGAINST KIDS, EDUCATION, THE ENVIRONMENT, SMALL BUSINESSES, AND CLOSING OFF-SHORE TAX LOOPHOLES

This is Lynn Jenkins, she does not represent us

Turning another blind eye to the environment, Lynn Jenkins votes against H.R. 3644, the Ocean, Coastal, and Watershed Education Act. The purpose of this Act is to advance environmental literacy, develop public awareness and appreciation of the economic, social, recreational, and environmental benefits of coastal watersheds, and emphasize stewardship of critical coastal and marine resources, including an understanding of how climate change is impacting those resources.

Lynn Jenkins doesn't think we can afford to teach responsible conservation

Republicans say that we can't afford this bill. Hogwash! If we get our tax code correct there's more than enough cash to pay for stewardship of critical coastal and marine resources. The Montpelier, Vermont Times Argus reported that "Exxon-Mobil, one of the largest oil companies in the world, paid no U.S. taxes last year. It also walked away with a $156 million tax refund from the federal government." See, http://www.timesargus.com/article/20100616/NEWS01/6160347/1002/NEWS01.

This bill, by the way, is an Education bill. They are two programs that are working the Bay-Watershed Education and Training regional program, known, B-WET, and the Environmental Literacy Grants, or ELG, programs. These have been critical tools in advancing a nationwide strategy of experiential education in building ocean, atmospheric and environmental awareness in the United States.

Let's recall the words of Republican President Teddy Roosevelt: "In utilizing and conserving the natural resources of the Nation, the one characteristic is foresight... The conservation of our natural resources and their proper use constitute the fundamental problem which underlies almost every other problem of our national life."


President Teddy Roosevelt

This bill didn't advance the interest of Big Oil, Big Banks, Big Insurance Companies, Golden Parachutes, or corporate largess. Naturally, Lynn Jenkins voted against it on roll call 142, that was another way she says no to children and the environment. So, if conservatives, like Lynn Jenkins, are against conservation, then what are they conserving?

Building on a successful, but underfunded program, H.R. 1612, the Public Lands Service Corp Act of 2009 amends the Public Lands Corps Act of 1993 to expand the authorization of the Secretaries of Agriculture, Commerce, and the Interior to provide service opportunities for young Americans; help restore the nation's natural, cultural, historic, archaeological, recreational and scenic resources; train a new generation of public land managers and enthusiasts; and promote the value of public service. This is a program which has employed thousands of young people to repair and restore our national parks.

Republicans like Lynn Jenkins say we can't afford to teach responsible conservation.  When it comes to our young people, we have to do all that we can to alleviate that which has been trickling down; And baby it ain't wealth!


Saying no to young people and the environment is a Lynn Jenkins trendy thing to do. She voted against H.R. 1612 on roll call 151.

Temporary Exclusion of 100% Capital Gain Tax on certain Small Businesses, Limitation on Penalty for Failure to Disclose certain information, Extension of Exemption from Alternative Minimum Tax Treatment for certain Tax-Exempt Bonds, and Allowance of New Markets Tax Credit Against Alternative Minimum Tax all sound like Republican ideas. Yet Lynn Jenkins and the Party of No voted against H.R. 4849.

Now that makes sense when you realize the bill also closes the tax loophole for offshore American businesses.

(Sec. 301) Prohibits a reduction of tax withholding for payments made by a U.S. subsidiary of a foreign parent corporation to a related subsidiary in any country that has a tax treaty with the United States, except for payments made directly to the foreign parent corporation.

(Sec. 302) Allows nonrecognition of gain in a corporate reorganization for corporations that exchange property solely for stock other than nonqualified preferred stock.

(Sec. 303) Repeals tax rules that treat as foreign source income interest or dividends paid by a resident alien individual or a U.S. corporation that meets the 80% active foreign business income requirement.

(Sec. 304) Treats rental income from real estate as a trade or business activity for tax reporting purposes.

(Sec. 305) Expands the continuous tax levy on payments to vendors for goods and services to include payments for all property, goods, or services and for delinquent employment taxes owed by such vendors.

(Sec. 307) Expands rules for valuing assets in grantor retained annuity trusts to require: (1) that the right to receive fixed amounts from an annuity last for a term of not less than 10 years and that such fixed amounts not decrease during the first 10 years of the annuity term; and (2) that the remainder interest have a value greater than zero when transferred.

(Sec. 308) Increases the penalties for failure to file correct information returns and for intentional disregard of reporting requirements.

(Sec. 309) Excludes from the definition of "cellulosic biofuel" for purposes of the cellulosic biofuel producer tax credit any processed fuel with an acid number greater than 25. Defines "processed fuel" as a fuel consisting of more than 4% combined water and sediment or more than 1% ash.

(Sec. 310) Increases estimated tax payments for corporations with assets of $1 billion or more.

The way it is with Lynn Jenkins, Small Businesses are on their own, she works for the Big Businesses! She voted against Small Businesses on roll call 182.

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