John McCain is coming to town tomorrow to do the only thing Republicans are good at here, raising money. While individuals can only give him $2,300 for the general election, those in attendance at the 21 Club are chocking up $28,500 for lunch with the Republican nominee. Now the first thing I have to ask is what kind of people are willing to give a failure like McCain all that money (not to him directly of course)? Well the host of the event is none other than Mr. Henry Kravis, one of the nation's most despicable buyout barons America has ever seen. Democratic groups in New York aren't taking this lying down and are protesting the event to show just how much we mean business.
From Yahoo News:
To: STATE EDITORS
Contact: Evan Thies of Service Employees International Union, +1-917 715 9265
Controversial buyout baron Henry Kravis to host event
NEW YORK, June 9 /PRNewswire-USNewswire/ -- Advocates for a fairer, better economy, workers, and political improv troupe Billionaires for Bush will gather in front of the posh 21 Club in Manhattan on Tuesday to protest John McCains support for tax loopholes for some of the wealthiest buyout executives in the country. The $28,500 a ticket luncheon is being organized by some of the most controversial names in business, including buyout baron Henry Kravis.
John McCain has said he does not support closing tax loopholes for hedge fund managers and buyout industry executives such as Kravis, who have pocketed billions of dollars by paying a lesser percentage of their income to taxes than many regular working Americans. Besides helping to organize Tuesdays event, Kravis has been a major fund-raiser for John McCain throughout his campaign for president.
McCains tax plan also includes two huge tax cut giveaways for American corporationslowering rates from 35% to 25% and adding other new deductions. KKR companies stand to make millions of dollars off the new cuts. According to the Center for American Progress, The centerpiece of Sen. John McCains (R-AZ) tax plan is two huge tax cuts for American corporations, including utility and energy companies. A CAP analysis finds that McCains tax policywhich lowers corporate tax rates from 35 to 25 % and makes equipment and technology investments immediately deductiblewould give a single KKR portfolio company, Energy Future Holdings (formerly TXU), a $49 million tax cut.
The countrys fastest-growing union - the Service Employees International Union - recently launched a multi-tier global campaign directed at world leaders and legislators, pressing for fairer taxation of the multi-trillion-dollar private equity industry, with an eye toward shaping the debate during the U.S. presidential race.
WHAT:
Dozens of protesters fighting for a fair economy; performances by the Billionaires for Bush.
WHEN/WHERE:
June 10 - 6:30 PM
The 21 Club -- 21 West 52nd St.
New York City, NY
SOURCE Service Employees International Union
If I didn't have a prior commitment tomorrow night, I'd be there, even if it is a 100 degrees outside. I hope plenty of people show up so that McCain can hear the citizens of New York protest him, his candidacy and Henry Kravis as well.
|