Wednesday, June 17, 2015
Paul Cook (CA-08) Gives Another Gift Tax Cut to the Wealthy in his Latest bill...shame, shame...what programs does he cut to make millionares wealthier??
American Soda Ash Competitiveness Act [HR 1992] sets at 2%, for a five-year period, the royalty rate on the quantity or gross value of the output of sodium compounds and related products at the point of shipment to market from federal land. The royalty rate on the quantity or gross value of the output of sodium compounds and related products is measured at the point of shipment to market from federal land. So Paul, where are you going to get the money to replace this tax cut? Another tax cut for the wealthy! Where is the study which says this will make them )hopefully American and not Canadian or Mexican Mining ventures) more competitive? If China is causing a squeeze, why isn't Cook urging the filing of a WTO complaint and imposing a tariff to protect American producers against unfair dumping? Fortunately, Cook's bill just came out of committee. I would love to see some people who know something about trading commodities look at this joke and kill it!