Eric Cantor will propose Federal Law that Ends Overtime Pay for hourly workers

(Daily Kos) - In Eric Cantor’s February 2013 speech, he said he wanted to propose Federal Law that would end overtime pay for hourly workers.  Currently, the Fair Labor Standards Act of 1938 (FLSA), signed into law by President Franklin D. Roosevelt, mandates that certain workers get paid “time + 1/2” for overtime work.  Eric Cantor wants to eliminate that law.  Because — ya know — workers not getting paid for overtime hours worked out so good for workers before FDR enacted that Law.

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Waiting to see how long it’s going to take for a conservative to reblog this and defend taking overtime pay away from hourly workers.

Eric Cantor refuses to admit Reagan raised taxes

By Andrew Jones | The Raw Story

Appearing on the CBS News program 60 Minutes on Sunday night, House Majority Leader Eric Cantor (R-VA) experienced an awkward moment when he was challenged to admit that his hero, President Ronald Reagan, did in fact raise taxes.

Cantor was speaking with interviewer Lesley Stahl, who asked if he was ready to start compromising with Democrats on taxes. Cantor said he was indeed “ready to cooperate,” but then hedged his response.

“But what’s the difference between compromise and cooperate?” Stahl asked.

“I would say cooperate is ‘Let’s look to where we can move things forward to where we agree,” Cantor said. “Compromising principles, you don’t want to ask anybody to do that. That’s who they are as their core being.”

Stahl then mentioned to Cantor how his “idol” Reagan compromised his principles by raising taxes during his presidency. Cantor tried to deflect the focus by mentioning that Reagan cut taxes, but Stahl reiterated her point.

Upset at the reporter, Cantor’s press secretary yelled off camera, “That’s not true, and I don’t want to let that stand.”

No matter if Cantor, his staff or conservatives at-large want to deny that Reagan raised taxes, what Stahl said is completely true.

After his huge tax cut in 1981 slashed all tax rates to 23 percent, sparking a budget crisis, Reagan realized he’d also have to raise taxes in the years that followed. He raised taxes four times between 1982 to 1984, increasing the payroll tax, broadening the base of Social Security payees, applying the income tax to higher earners and rolling back corporate and individual tax breaks.

Reagan’s historic tax cuts for the wealthiest Americans, whose rate went from 70 percent to 28 percent during his administration, ultimately forced the president to raise taxes on more people than any other U.S. president during a time of peace, according to New York Times columnist Paul Krugman.

In total, Reagan raised taxes 12 times during his two terms in office.

[SOURCE & VIDEO]

The right always tries to get away with this, they’ve created an alternate reality using conservative media and vigorously shout down anything that deviates from that false reality.

Kind of reminds me of another institution I have a major problem with.

By Zaid Jilani thinkprogress.org

Last week, House Majority Leader Eric Cantor (R-VA) shockingly said that Congress should not approve emergency aid to states battered by Hurricane Irene unless it makes offsetting budget cuts elsewhere first. Cantor has been joined by several other congressional Republicans in demanding offsets be found for disaster relief.

Yesterday, the leading Republican in Cantor’s own state, Gov. Bob McDonnell, rebuked him and said disaster aid should not be held hostage for budget cuts. Now, Gov. Chris Christie (R-NJ) is joining this chorus of Republican dissent, saying that aid should be delivered first and that possible cuts should be decided on later. “Our people are suffering now, and they need support now,” said Christie:

New Jersey Gov. Chris Christie reacted angrily to a fight brewing in Washington over whether Hurricane Irene disaster aid may need to be offset by federal spending cuts. “Our people are suffering now, and they need support now. And they [Congress] can all go down there and get back to work and figure out budget cuts later,” the Republican governor told a crowd in the flood-ravaged North Jersey town of Lincoln Park.

New Jersey’s Office of Emergency Management and FEMA are currently surveying damage to the state from Hurricane Irene. Many school districts have delayed the beginning of the school year due to Irene, and they are expected to begin applications for federal aid shortly.

tellwiddit:

So the plan is to supplement FEMA’s budget by cutting spending in… FEMA’s budget?

…then blame the cuts to FEMA on Obama…

underthemountainbunker:

Representative Michele Bachmann noted recently that 47 percent of Americans do not pay federal income tax; all of them, she said, should pay something because they benefit from parks, roads and national security. (Interesting that she acknowledged government has a purpose.) Gov. Rick Perry, in the announcement of his candidacy, said he was dismayed at the “injustice” that nearly half of Americans do not pay income tax. Jon Huntsman Jr., up to now the most reasonable in the Republican presidential field, said not enough Americans pay tax.

Representative Eric Cantor, the House majority leader, and several senators have made similar arguments, variations of the idea expressed earlier by Senator Dan Coats of Indiana that “everyone needs to have some skin in the game.”

This is factually wrong, economically wrong and morally wrong. First, the facts: a vast majority of Americans have skin in the tax game. Even if they earn too little to qualify for the income tax, they pay payroll taxes (which Republicans want to raise), gasoline excise taxes and state and local taxes. Only 14 percent of households pay neither income nor payroll taxes, according to the Tax Policy Center at the Brookings Institution. The poorest fifth paid an average of 16.3 percent of income in taxes in 2010.

Economically, reducing the earned income tax credit and the child tax credit — which would be required if everyone paid income taxes — makes no sense at a time of high unemployment. The credits, which only go to working people, have always been a strong incentive to work, as even some conservative economists say, and have increased the labor force while reducing the welfare rolls.

The moral argument would have been obvious before this polarized year. Nearly 90 percent of the families that paid no income tax make less than $40,000, most much less. The real problem is that so many Americans are struggling on such a small income, not whether they pay taxes. The two tax credits lifted 7.2 million people out of poverty in 2009, including four million children. At a time when high-income households are paying their lowest share of federal taxes in decades, when corporations frequently avoid paying any tax, it is clear who should bear a larger burden and who should not.

-The New York Times.  Without a doubt, this is the best editorial I have read all year.  Read the entire piece here.

This from Ruth Marcus (OpEd WaPo) on 8/15/11: 

Of those households that do not owe income taxes, about a third earn $10,000 a year and a slightly smaller share earn between $10,000 and $20,000. More than three-fourths earn $30,000 or less….

Two-thirds of the households that pay no federal income tax still ante up for payroll taxes. Fewer than one in five — 18 percent of all households — pay neither income nor payroll taxes. Nearly all of these are elderly (10 percent) or have incomes below $20,000 (7 percent.)…

Does anyone imagine that a person with an income of $20,000 is getting away with anything because they don’t earn enough to even pay income tax OR payroll tax??

Is there a millionaire or billionaire in the world who would trade places with anyone making $30,000 or less per year just to avoid income tax?

No.

(via therodentqueen)

GOP House Majority Leader Eric Cantor quits out of budget talks.

http://www.nytimes.com/2011/06/24/us/politics/24fiscal.html?_r=1&partner=rss&emc=rss

Congressional Democrats expressed disappointment at Mr. Cantor’s decision and maintained that revenues must be part of any agreement.

“We cannot balance the budget solely on the backs of the middle class,” said Representative James E. Clyburn, Democrat of South Carolina, a member of the House leadership taking part in the talks. “We simply must forge a bipartisan agreement. Failure is not an option, and I hope a bipartisan resolution will be achieved.”

Democrats have repeatedly said that they could not support a budget deal that relies solely on spending cuts and other program changes to produce the more than $2 trillion in savings. Officials said Wednesday’s negotiating session was unusually tense as Democrats sought to get Republicans to commit to some revenue increases in exchange for Democratic concessions on spending cuts.

What the hell. Lately the GOP is getting more and more brazen about this kind of shit.

Fucking seriously man, it’s like taking all your toys and going home, except your wasting tax payer’s time and money, and it seems like as long as you’re a republican in the US government, you can do what ever the fuck you want.