Comment Re:The Only Good Idea Obama Has Had (Score 1) 825
I don't think it does; however the similar Boxer-Paul proposal does require such investments.
WASHINGTON, D.C. –U.S. Sens. Rand Paul (R- KY) and Barbara Boxer (D-CA) today announced that they will be introducing the Invest in Transportation Act of 2015. This bipartisan legislation would extend the Highway Trust Fund, which supports millions of jobs. The bill would also boost economic growth and create jobs by providing an incentive for companies to bring back some of the estimated $2 trillion in foreign earnings that are being held overseas.
The legislation would strengthen the U.S. economy and create jobs by allowing companies to voluntarily return their foreign earnings to the United States at a tax rate of 6.5 percent. The rate is only for repatriations that exceed each company’s average repatriations in recent years, and funds must have been earned in 2015 or earlier. Companies would have up to five years to complete the transfer.
The measure would ensure that a portion of the repatriated funds will be used for increased hiring, wages and pensions; research and development, environmental improvements; public-private partnerships; capital improvements; and acquisitions. Under the bill, no funds could be spent on increases in executive compensation, or on increases in shareholder dividends or stock buybacks for three years after the program ends. Also, any company that inverts within 10 years of participating in this program would have to repay the tax incentive with interest.
All tax revenues from the repatriation program would be transferred into the Highway Trust Fund, helping to address the urgent federal funding crisis facing America’s highways, bridges, and transit systems.
It all ended on August 15, 1971, when Nixon closed the gold window and refused to pay out any of our remaining 280 million ounces of gold. In essence, we declared our insolvency and everyone recognized some other monetary system had to be devised in order to bring stability to the markets. Amazingly, a new system was devised which allowed the U.S. to operate the printing presses for the world reserve currency with no restraints placed on it — not even a pretense of gold convertibility, none whatsoever! Though the new policy was even more deeply flawed, it nevertheless opened the door for dollar hegemony to spread. Realizing the world was embarking on something new and mind-boggling, elite money managers, with especially strong support from U.S. authorities, struck an agreement with OPEC to price oil in U.S. dollars exclusively for all worldwide transactions. This gave the dollar a special place among world currencies and in essence “backed” the dollar with oil. In return, the U.S. promised to protect the various oil-rich kingdoms in the Persian Gulf against threat of invasion or domestic coup. This arrangement helped ignite the radical Islamic movement among those who resented our influence in the region. The arrangement gave the dollar artificial strength, with tremendous financial benefits for the United States. It allowed us to export our monetary inflation by buying oil and other goods at a great discount as dollar influence flourished.
The top 3 super pac disbursements this cycle were from the left: NextGen Climate, Senate Majority, House Majority. They spent over $160 Million combined The next 3 were from the right: American Crossroads, Freedom Partners, Ending Spending Action. They spent less than half of what the left spent at $76 million combined Rounding out the top 10 we have: NEA Advocacy (left leaning) $18 Milllion Congressional Leadership Fund (right leaning) $16 Million Americans for Responsible Solutions (left leaning) $16 Million Independence USA (left leaning) $15 Million Which totals another $49 Million on the left, and $16 Million on the right The grand total for the top 10 equals $209 Million for the left and $92 Million for the right.
Any circuit design must contain at least one part which is obsolete, two parts which are unobtainable, and three parts which are still under development.
