"It must be remembered that there is nothing more difficult to plan, more doubtful of success, nor more dangerous to manage, than the creation of a new system. For the initiator has the enmity of all who would profit by the preservation of the old institutions and merely lukewarm defenders in those who would gain by the new ones." Machiavelli
Class War UpdateBy DIA, Section News
The US Chamber of Commerce is outraged!! They are very against the idea of raising the minimum wage. Especially because of the harsh implications for large corporations in the Senante bill. While workers would get a raise, small businesses would get some tax breaks to accomodate for the higher wages they'd have to pay...big businesses are getting hit with harsh penalties.
To help pay for the cost of those tax breaks, corporations no longer would be able to deduct the cost of jury verdicts or settlements in liability suits against them and their executives' tax-deferred pay packages would be capped at $1 million a yearCapping tax deferred pay packages at $1 million a year?! Has it come to this? Its this country truly insane?? How do you expect CEO's to get by if they can't put more than a $1 million in their retirement fund every year. Do you realize they only made $10,982,000 (on average) in 2006? Its a good thing they have the Chamber of Commerce to fight for their rights. Its also a good thing that workers have Democrats to fight for theirs.
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