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LAYOFFS!! at another plant Obama said was a Success

Layoffs at another plant Obama said was a “Success”! Celgard a maker of electric vehicle batteries but this should be no surprise to anyone how many electric vehicle batteries company have had layoffs and closer in the past 3 yrs?

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Celgard like other electric vehicle batteries company also got a large grant of 49 million dollars of taxpayers money to create 300 jobs,Celgard did create the jobs it promised but now has to layoff 40 of that 300. The reason for the layoffs not enough demand for the batteries and why is this simple there is no demand for electric vehicles. Right now electric vehicle only have one class of buyer and that is the rich the price tag for most if not all-electric vehicles is far more them most middle class family’s can afford and for the poor it just not going to happen .will there be more electric vehicle batteries company layoffs and plant closing I think so , but time will tell

(Edit) as one of our reader pointed out Celgard makes battery separators not the batteries themselves

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Posted by on December 1, 2012 in fail, Life, politics

 

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One more time for the Dollar coin

One more time for the dollar coin Congress is once more trying to replace the paper dollar with a coin the reason it would save up to 4.4 billion  over the next 30 yrs another reason is that a coin would last 30 yrs where in the case of paper it has to be replaced ever 4 to 5 yrs

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The big problem is this we all like the dollar coin and we used it for a bit then we go back to what we know best 1DollarBillPlain

The only way that we the people will use the dollar coin is to do away with the paper dollar altogether.But I’m not sure that the saving would do us much good we seem to have  bigger problems In Washington that is that both party’s like to spend money and the saving would be something they would just dip into

 
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Posted by on December 1, 2012 in history, politics

 

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Lets Talk About Tax’s

willy wonka moneyLet”t talk about tax’s.Better yet about the new ones that will be coming into effect starting in 2013.I know Obama saying basely he is not going to put new tax’s on the table. An Obama, not they are old tax’s in a way just not taking effect till 2013 and beyond. Many of you my be asking what tax’s Rockwell. well here is a list

Listed in chronological order of date they will take effect:

• Increasing the hospital insurance portion of the payroll tax from 2.9 percent to 3.8 percent for couples earning more than $250,000 a year, or $200,000 for single filers. Takes effect Jan. 1, 2013.

• Applying the 3.8 percent hospital insurance tax to investment income for couples earning more than $250,000 a year, or $200,000 for single filers, for the first time. Takes effect Jan. 1, 2013.

• A 2.3 percent excise tax on manufacturers and importers of certain medical devices. This is a narrowly targeted tax, but still a tax (and will likely be reflected in consumer prices once it begins). Takes effect Jan. 1, 2013.

• Raise the 7.5 percent adjusted gross income floor for the medical expenses deduction to 10 percent. People who would have qualified for the deduction this year would pay more. Takes effect Jan. 1, 2013.

• An annual fee levied on health insurance providers, based on each company’s share of the total market. Same logic as the levy on branded drug companies cited above. Takes effect Jan. 1, 2013.

• Limiting the amount taxpayers can deposit in flexible spending accounts to $2,500 a year. While the Obama camp says this provision is intended in part to stop the abuse of the system, our experts consider it a tax because it increases taxable income. Takes effect Jan. 1, 2013

• Eliminating the corporate deduction for prescription expenses for retirees. According to the Society for Human Resource Management, certain employers were not only “qualified to receive a subsidy equal to 28 percent of covered prescription drug costs for their retirees,” but the employer also was entitled to an income tax deduction for the subsidy. The idea behind providing both a subsidy and a tax deduction was to reduce taxpayer costs for the Medicare drug plan by encouraging companies pay their retirees’ costs, but the way it was structured was criticized by some as double-dipping. No matter the justification, our experts agreed it was still a tax hike. It takes effect Jan. 1, 2013.

• Increasing taxes on health insurance companies by limiting the amount of compensation paid to certain employees that they can deduct from their taxes. According to Congress’ Joint Committee on Taxation, this will be effective for compensation paid in taxable years “beginning after 2012, with respect to services performed after 2009.” Once again, this is narrowly targeted at health care company executives — not a popular group — but it’s still a tax.

• A 40 percent excise tax on employer-provided “Cadillac” health insurance plans costing more than $10,200 for individuals and $27,500 for families. Takes effect Jan. 1, 2018.

Nice little list So went you go to the polls come November remember this little list feel free to bookmark it

 
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Posted by on May 13, 2012 in politics

 

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