It absolutely does not make you bad. I'm sure you are a good person. We differ in opinions, but at least you are interested enough to think about and argue your opinions about things, and I respect that. I think the generally accepted idea which latest polls show are supported by a large majority of Americans is to raise the rates back toward where they used to be for the top tier individuals and companies. I have no idea what you make, but I think it is only fair to make the taxes more progressive. The disparity between the top 20% and the middle class is growing exponentially. Letting crooks like that guy they just nailed yesterday - the hedge fund guy - declare his earnings as capital gains and pay just 15% on them - when he paid - while his secretary pays a twice higher rate on her salary is preposterous, and unfair. Giving and extending tax breaks for millionaires to rates lower than workers pay, is not right. Having companies like Caterpillar come to the state and say "give us a better deal or we might move" is extortion - they already paid no income tax last year.
Riverside Info » About Riverside
The Truth about taxes, income, etc.
(43 posts)-
Posted Thursday May 12, 2011 10:54 #
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GM earnings $3.2 billion, and they invest $3.4 billion IN NEW NORTH AMERICAN FACILITIES like this one. Both Chrysler and GM are doing better and paying back the gov's investment - with interest and a little ahead of time.
"BOWLING GREEN, Ky. -- General Motors said May 4 it will invest $131 million in the Bowling Green Assembly plant to support production of the next generation Chevrolet Corvette, adding about 250 jobs.
"This is a significant day for anyone who believes that America should build world-class, high-performance products," said Mark Reuss, GM North America president. "Corvette has no domestic peer for performance and pedigree and stands alongside the world's best supercars with almost 60 years of continuous heritage.
"This investment in Kentucky is among $3.4 billion made in the United States since mid-2009 to keep or create more than 9,000 jobs for American workers," Reuss said.
The announcement came at an event held at the plant with employees and several special guests, including Gov. Steve Beshear. The governor last June signed a bill designating the Corvette as the official state sports car of Kentucky.
"Kentucky has a longstanding, mutually beneficial relationship with GM and this significant investment further demonstrates the strength of our partnership," Beshear said.
The plant in Bowling Green is scheduled to continue building the current generation Corvette for at least the next two model years, including the 2012 model year that begins this summer. During this period, the investment starts to take effect, preparing the facility for the next-generation Corvette.
Bowling Green is the exclusive manufacturer of all versions of the Chevrolet Corvette – Coupe, Convertible, Grand Sport, Z06, and ZR1. Corvette's current generation, the sixth in its 58-year history, has seen the car enter the realm of the world's highest-performing cars.
Nearly 400 production workers, represented by the UAW Local 2164, assemble these vehicles on a one-shift, 10-hour, Monday-Thursday production schedule. The plant employs many specialized operations, including unique hand-crafted techniques. Bowling Green has been home to Corvette production since 1981.
"We need to rebuild the great American middle class. There is no better way to achieve this worthy goal than providing meaningful jobs like the ones being created in Bowling Green," said UAW Vice President Joe Ashton. "Our members have earned this investment through their hard work focused on the Corvette customers' unique desire for high performance, quality, and style.
"I offer my congratulations to a great American Union Workforce, Local 2164, for a job well done."
The additional jobs will be filled in accordance with the United Auto Workers-GM National Agreement.
Approximately 50,000 tourists visit the Bowling Green plant annually to catch a glimpse of the manufacturing process, some even watching their new cars being completed before taking delivery from the neighboring National Corvette Museum."
Sounds like a good deal all around.
Posted Thursday May 12, 2011 11:47 # -
There is a 50 pct off groupon for Pops today
Posted Thursday May 12, 2011 13:04 #
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