A Quote by Rashida Tlaib
When we are asked to bail out corporations and banks, or pass tax bills that shift billions in public dollars out of government, we must ask ourselves, who were we truly sent here to advocate for?
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The government, of course, will print money to bail out the banks' uncovered casino bets, but not to bail out the elderly from the theft of their funds.
I passionately disagreed with Treasury Secretary Hank Paulson's plan to bail out the banks by using a public fund called the Troubled Asset Relief Program (TARP) to help banks take toxic assets off their balance sheets. I argued that it would be much better to put the money where the hole was and replenish the equity of the banks themselves.
Thousands are losing their jobs and homes, while corporations are being bailed out with billions of dollars.
Our international banking system allows banks to accept funds gained from tax evasion and other crimes and thereby facilitates and encourages embezzlement by public officials, especially in developing countries, as well as tax evasion and tax avoidance by multinational corporations.
Out of one pocket we pay billions of our tax dollars to support the production of expensive, disease-causing foods. Out of the other pocket, we pay medical bills that are too high because our overweight population consumes too much of these rich, disease-causing foods.
My tax cut would cut hundreds of billions of dollars. So to do it, you have to be willing to cut spending, too. But if you were to cut hundreds of billions of dollars in taxes, that money's left in communities.
In addition to billions in new 'stimulus' spending that our country can't afford, the Geithner plan also contains billions in tax increases on small and family-owned businesses while protecting the tax preferences of wealthy, multinational corporations.
In America, we need to go forward in nationalizing several large corporations: I think that's possible; we nationalized General Motors; we nationalized several of the big banks, de facto; we nationalized Chrysler; we nationalized AIG. I think there will be more crises, and at some point, rather than being bailed out by the government, the public may keep the corporations it has to rescue.
Germany, Japan and, to a lesser extent, Britain and Italy, were lifted out of the debris of war by the Americans who poured in billions of dollars and forgave other billions in debts.
African countries lose billions every year because of tax dodging by big corporations and wealthy individuals. They lose billions more from overly generous tax incentives in a misguided belief that this is the only way to attract foreign investment.
All taxpayers feel a tremendous sense of frustration as they see many tens of billions of dollars of bonuses paid to the same mega banks that were on the brink of bankruptcy and were only saved by massive government rescue money and support. We are not satisfied by the fact that many of them have paid the money back, nor should we be.
Republicans and Democrats have long recognized that our corporate tax system hamstrings business, reduces investment, and creates unfairness. Some corporations pay massive tax bills to the federal government while others use tailor-made deductions that enable them to pay close to nothing.
It's responsible for the sloppiness and imprecision of the War on Terror, for example. It's responsible for taking people's tax dollars and spending the country into debt on useless wars and pointless pork projects to buy votes. It's responsible for bailing out the banks instead of standing up for the people the banks cheated. It's responsible for plenty.
Mexico continues to make billions on not only our bad trade deals but also relies heavily on the billions of dollars in remittances sent from illegal immigrants in the United States.
The big issue is how much money can the government infuse for the capitalisation of the banks when we have quite a few private banks doing well. Does the government of India really require this number of public sector banks?
Here we were talking about economic development, about investing billions of dollars in various programs, and I could see it wasn't billions of dollars people needed right away.
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