Shit My Senator Says

Posted: November 10, 2011 in AZ Assholes, Sen. John McCain, The Economy
Tags: , ,

Senator McCan’t is on a roll this week folks!  His latest sally at the job’s problem is to recommend a huge tax break for money in foreign accounts in hopes that the corporations would repatriate the money and spend it recreating jobs.  His reasoning was earth shatteringly stupid.

Even if they buy more yachts and … corporate jets and all that, it’s bound to have some effect.

Well, let’s see…since businesses are sitting on a couple trillion in cash right now and aren’t investing it in jobs and are instead investing it overseas and paying their CEO’s more money than ever before, let’s give them another few trillion. Yeah, that sounds like a great friggin idea!

ht Bob Cesca’s Awesome Blog

Sources:

http://www.cbpp.org/cms/index.cfm?fa=view&id=3593

http://thinkprogress.org/economy/2011/11/09/365380/mccain-tax-break-corporate-jets-yachts/

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