O'REILLY: It was mutual destruction. Now you can handle any weaponry or any kind of thing to surrogates, who will do your killing for you. Look, if you don't think Iran is sponsoring terrorism, you're living in the land of Oz, congressman.

PAUL: Well, so is Saudi Arabia. What are you going to do about Saudi? What are you going to do with Pakistan?

O'REILLY: It's not a government policy in Saudi Arabia. It's just a failure to do any effective policing. It's a policy in Iran to wipe out Israel...

PAUL: It's our policy...

O'REILLY: ...to attack USA.

PAUL: It's our policy of preemptive, deliberate invasions of foreign countries and occupying these countries that has jeopardized our safety. This blowback principle is what caused 9/11. And we have to come to realize it. If you keep living in this dream land of saying that they attack because we're free and prosperous, believe me, we're never going to get free from fear ...
Read more: http://www.foxnews.com/story/0,2933,296404,00.html#ixzz1nHpryeq4

Obama Seeks 28 Percent Corporate Tax Rate

By JIM KUHNHENN
WASHINGTON (AP) — President Barack Obama is proposing to cut the corporate tax rate from 35 percent to 28 percent and wants an even lower effective rate for manufacturers, a senior administration official says, as the White House lays down an election-year marker in the debate over tax policy.

In turn, corporations would have to give up dozens of loopholes and subsidies that they now enjoy. Corporations with overseas operations would also face a minimum tax on their foreign earnings.

Treasury Secretary Timothy Geithner on Wednesday was to detail aspects of Obama's proposed overhaul of the corporate tax system, a plan the president outlined in general terms in his State of the Union speech last month.

Chances of accomplishing such change in the tax system are slim in a year dominated mostly with presidential and congressional elections. But for Obama, the proposal is part of a larger tax plan that is central to his re-election strategy.

The corporate tax plan dovetails with Obama's call for raising taxes on millionaires and maintaining current rates on individuals making $200,000 or less.

The 35 percent nominal corporate tax rate is the highest in the world after Japan. But deductions, credits and exemptions allow many corporations to pay taxes at a much lower rate.

Under the framework proposed by the administration, the rate cuts, closed loopholes and the minimum tax on overseas earning would result in no increase to the deficit.

That means that many businesses that slip through loopholes or enjoy subsidies and pay an effective tax rate that is substantially less than the 35 percent corporate tax could end up paying more under Obama's plan. Others, however, would pay less while some would simply benefit from a more simplified system.

The official said the Obama plan aims to help U.S. businesses, especially manufacturers who face strong international competition. Obama's plan would lower the effective rate for manufacturers to 25 percent while emphasizing development of clean energy systems. The administration official spoke on condition of anonymity to describe what the administration will do.

The New York Times first reported details of the plan in its online edition early Wednesday.

Many members of both parties have said they favor overhauling the nation's individual and corporate tax systems, which they complain have rates that are too high and are riddled with too many deductions.

The corporate tax debate has made its way into the presidential contest. Former Massachusetts Gov. Mitt Romney has called for a 25 percent rate, former House Speaker Newt Gingrich, R-Ga., would cut the corporate tax rate to 12.5 percent, and former Sen. Rick Santorum, R-Pa., would exempt domestic manufacturers from the corporate tax and halve the top rate for other businesses.

While Obama has been promoting various aspects of his economic agenda in personal appearances and speeches, the decision to leave the corporate tax plan to the Treasury Department to unveil signaled its lower priority. What's more, the administration's framework leaves much for Congress to decide — a deliberate move by the administration to encourage negotiations but which also doesn't subject the plan to detailed scrutiny.

Obama's plan is not as ambitious as a House Republican proposal that would lower the corporate rate to 25 percent. Still, Obama has said corporate tax rates are too high and has proposed eliminating tax breaks for American companies that move jobs and profits overseas. He also has proposed giving tax breaks to U.S. manufacturers, to firms that return jobs to this country and to companies that relocate to some communities that have lost big employers.

Geithner told a House committee last week that the administration wants to create more incentives for corporations to invest in the United States.

"We want to bring down the rate, and we think we can, to a level that's closer to the average of that of our major competitors," Geithner told the House Ways and Means Committee.

White House economic adviser Gene Sperling has advocated a minimum tax on global profits. Currently many corporations do not invest overseas profits in the United States to avoid the 35 percent tax rate.

___ Associated Press writer Alan Fram contributed to this report.

Poll: Ron Paul Most Favorable Republican Candidate

Poll: Ron Paul Most Favorable Republican Candidate I agree with this Article, which states Ron Paul is the more favorable Republican Candidate. Not Only Limited to one party, he's the best candidate for the job period. When he participates in the Debates, he is clearly the most intelligent person in the room.

Ron Paul Wins Poll, Yet Gets No Metion

Chris Rock: "I'll Pay Higher Taxes."

I agree with Chris Rock, they (rich people) can afford higher taxes, because of the fact if they make more than 500,000 dollars a year, paying $185,000 sounds fair. Because when I was working and bringing in $1000 dollars net per week, I would see maybe $750 for a 40 hour week. It makes no sense, having a Country in Debt Trillions of Dollars, but we still believe in not taxing the wealthiest who live here.

Jay - Z And Warren Buffet

P. Diddy's Words of Wisdom

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When are Police Gonna Stick to the Script

Stockton, California. What a place to live. That is if your not bothered by the drive by shootings, police brutality, and corruption in the city's foundation. I tend to ignore everything that is not an immediate threat to my livelihood, because I've been through a couple of odd run ins with the Stockton Police Department, and let me tell you, these were not protectors of the public. The things along my own journey that blessed me with enough patience to deal with the bullshit I've had happen to me while living in "The All-American City."

Just recently, I had gone out one night with a friend of mine, well I thought he was a friend. We went to a buddy's of his Auto Shop to talk business. After we pounded a couple of adult beverages, several hours had passed, and now the three of us rode to another friends of his house. At this lady's house we continued to discuss business, in relation to investing in a few of my new start-ups. My buddy Alex tries getting me to drive him home before 2am, otherwise it's all bad for him being that he lives at his parents house still.

"I never drive after drinking, because unlike you, I learn from my mistakes," I told him because of his fifth DUI he received nearly two months prior.

This started an argument, that later turned physical. After defending myself for nearly 30 minutes, catching him off guard a few times with my own heavy hitters. Eventually we were both tired so I went and sat on the curb to catch a breath or two, when I was struck in the back of the head with either the handle of a pistol, or a flat square-ish rock, possibly even a brick and as a result I was knocked unconscious. Face down in the intersection just south of Downtown Stockton is where I laid for Several hours.

While I was out, Alex must have dug into my pockets, and took my keys as well as my wallet and cell phone. He then took my car in an attempt to beat his curfew. When he was driving towards his house, he totaled my car, and ditched it.

When I finally woke up, I was in the San Juaquin County Hospital with no shirt, no hat, no wallet, no phone, and later I found out I no longer had a car.

I walked home from the Hospital and asked my wife, if she drove me to the Hospital. Wow was she mad, furious with me for even leaving the night before, and not calling her all night. Well After I had explained to her the entire story she was more understanding about the missing car not being completely my fault. We had decided to call the Stockton Police Department and Report it Stolen. Several hours passed, before they located the car and called us. They told us where it was and that we had to come and tow it ourselves because it was on Private property.

We were stunned when we finally got to see it, complete disarray, all of my belongings were missing, there was no key, and we are talking about a 2003 All-road with a 2.7 L V6 Bi-Turbo engine, in optimal conditions this beast is boasting nearly 400 Horsepower. More than likely, since my thoughts resonated in my memory that he was the culprit, he was acting strange the whole night.

Later after we took care of the insurance, our insurance company, told us to get a copy of the report from the Police Departrment. When my wife called, they told her there was no report on file. No Report, yet they had record of our call to report the car stolen. So they sent a "sworn officer," to take a report. When the Stockton Police officer arrived, I greeted him, and politely started explaining to him what my issue was. After completing all of the above, the corrupted official told me, "Well, here is what's going to happen, nothing!" "What, why are you telling me nothing? Can you at least write us the report, so our Insurance company can make their diagnosis of the situation." I beckoned with reason. "No, no, no... because I don't feel that a crime has been committed." he said with conviction. "But it doesn't matter what you think, I am telling you facts, I am only asking that you put it into a report." I replied. "We are not going to do that, you got the call log, sorry!" And after he stated this he got into his car and drove off.

The Daily Quote by Oh Zee

"Knowledge is the use of the thought pattern; to arrive at a conclusion. Wisdom is knowing you came to the right conclusion. If neither pertain to you, then you're lost in the illusion of Reality." - Oh Zee