Budget Time?

       Well, President Obama has done it now. He's really in for it. He's gone and made Corporate America mad at him. He's no longer their friend. No, wait, he never was their friend. No that's not quite true. He's been Corporate America's friend for a long time, but they haven't been his friend. Corporate America has disliked him in spite of the fact that they've done quite well, financially, for the past few years because of his efforts, but they haven't been appreciative, according to an article in the National Memo today.
       Okay, whatever, but why is he now less of a friend to C.A.? Well, because of his proposed new budget. See, the President has proposed that we tax all those corporate assets (money) being held offshore. Now, the reason corporations are holding all that money, in the trillions, outside of America is to avoid our taxes. But now Obama is suggesting we tax it anyway. You can imagine how well that idea has been greeted in boardrooms across America.
       Not only that, but he's suggesting we stop allowing hedge fund managers from getting special lower tax rates because, well because they're hedge fund managers.  And no more loophole for corporate jets, to name just a few. So what's he plan to do with this new income? Infrastructure, free community college for 9 million and a host of additional needs. Even military funding increases.
       So what does the Congress think of the plan? Well, of course they haven't read it yet, but that hasn't stopped them from claiming it's DOA. Actually there's a lot to it that has been proposed by conservatives in the past, and they also agree that infrastructure and the military need more attention. They just don't want the rich to pay for it. They'd prefer that the poor pay for it. Hmm, that and tax cuts for the rich.
       The whole idea of the President putting this budget out there just might be to set a baseline for negotiating instead of letting Congress try to put a starter budget together. That could take years. Because, although the House might do one quickly, the Senate probably still won't agree.