+ - Obama Administration Silences IT Layoff Notices 4
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by
CubicleZombie
CubicleZombie writes "As part of last year's U.S. federal debt increase deal, the Department of Defense will take a $55 billion budget cut on January 2nd. That's a lot of IT jobs. By law, companies are required to give 60 days notice before mass layoffs. Only this time, they're not, because the Obama administration has directed companies to ignore the law and has pledged tax dollars to cover their legal defense. These notices would have come out days before the November election."
Re: (Score:2)
The GOP locked themselves in a straight jacket, i.e. signed a pledge not to increase taxes by a single cent.
They're always talking about tax cuts, smaller government, but when it's time to actually cut the defense budget (1/3 of the US budget) they budge.
FIRST CUT COSTS, STOP THE NONSENSE. STOP PROMISSING THE IMPOSSIBLE.
Need to raise taxes at least in the interim.
Re: (Score:2)
Raising taxes is the idiocy. If you look at the record since WW II ended, taxes as a percentage of GD has never been above 20% nor below 14%, and has averaged 18%. This includes when the top tax bracket was 90%.
The history is clear. If you raise taxes too much, you lose revenue. The Laffer curve is reality. To deny that, and say you can just raise taxes and get more revenue, puts you in the same reality-denying category as creationists, global warming deniers, and anti-GMO bigots.
Obamney and Robama are
Re: (Score:1)
Just raise the capital gain taxes from 10% to 15%, for starters.
End all farm subsidies, all subsidies on coal, oil, nuclear power, if you do that, then you don't need clean energy subsidies.
If you do the two above, you can cut the corporate tax rate by at least 5% while still getting a significant tax revenue boost.
too much BS, perpetuated by lobby interests belonging to those with more to loose.
If the GOP would just stop trying to prevent the clean energy revolution, all that money going to saudi arabia, v