Joe Biden tells Americans that he's helping them by building "from the bottom up and the middle out." …
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Image of the Day: Americans' Shrinking Earnings Under Joe Biden

Joe Biden tells Americans that he's helping them by building "from the bottom up and the middle out."  But the numbers don't lie, and the ugly reality is that he's only dragging us all toward the bottom.  Throughout his presidency, wage gains (green) have been consistently exceeded by inflation (blue), meaning loss in real earnings (red):

[caption id="" align="alignleft" width="455"] Bidenomics Means Lost Earnings[/caption]…[more]

May 19, 2024 • 11:05 PM

Liberty Update

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Living Social(ist): Alerting America to Dumb Government Policies Print
By CFIF Staff
Thursday, September 02 2010

Act Now: Congress and Obama Want Preferential Tax Treatment for Foreign-Owned Energy Producers

CFIF has released a Living Social(ist): Bad Deal Alert, a new take on the trendy deal-of-the-day email coupon services exploding in popularity across the country. Instead of offering half-priced chocolate spa baths or $1 admissions to your local petting zoo, we highlight a truly foolish idea currently being considered by President Obama and Congress.

This particular "coupon" – which is being offered to foreign, mostly state-owned energy producers like Hugo Chavez’s Citgo – calls attention to a dubious new tax hike in the president’s proposed 2011 budget. It’s a great deal for foreign competitors as it would double-tax domestic oil and gas producers on money earned overseas, leaving foreign-owned companies with a competitive advantage in the marketplace. Plus, it comes with the added benefit of limiting America’s access to energy resources that fuel our economy, provide 9 million domestic jobs and ensure our access to affordable energy. 

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We hope this humorous take on a serious issue will inspire readers to join CFIF in opposing this job-killing proposal.

Remember, by doing away with the credit for dual capacity taxes for America’s oil and gas industry, Congress and the president would effectively be handing jobs, revenue and investment to foreign and mostly state-owned oil companies in Venezuela, China and the Middle East. And it would reduce America’s energy independence and security, while raising energy prices for American families.   

Contact your representatives in Congress now. Tell them “NO” to preferential tax treatment for foreign oil, “NO” to changes in the dual capacity tax laws. 

And, please help us spread the word by sharing this with your friends, colleagues and family members.

Notable Quote   
 
"Patriotism is supporting your country all the time, and your government when it deserves it."…[more]
 
 
— Mark Twain
 
Liberty Poll   

Do you believe televised debates between President Biden and former President Trump will actually happen or will fall apart for many potential reasons?