As The Charleston Gazette has recently pointed out, Capito "sponsored legislation" that would "postpone" limits on the fees that banks and credit card companies could charge consumers for swiping their cards. Watchdog groups are crying foul because of Capito's ties to the financial industry.
Capito's close ties to special interest groups and her far right voting record reveal her to be a deeply flawed candidate, one who really needs to be replaced.
Profitable companies drive our economy
The stupidity of denigrating profit and companies that generate same! Sixty-seven percent of all of the households in the United States pay "zero" income tax. Who do we as a people expect to support our financial needs? Non-profitable people and non-profitable companies do not pay taxes; consequently, taxable income comes from profitable entities. Companies such Exxon, Microsoft, Intel, Consol, Alpha, Patriot, etc. & etc. should be treated as national assets because that is what they are!
We as a country should be asking these great sources of income and employment what we can do to help rather than vilifying them. Exxon is under the gun at this writing. Please realize that Exxon has 83,000 plus employees and refines 6.3 million barrels of oil per day! What would we do without it?
Granted, the depletion allowance give natural resource companies the ability to defer taxes. But, consider the real estate and employees' tax base -- this is huge in itself, plus the profit in question flows to the stockholders and is taxed at the capital gains rate.
These denigrating politicians need to take Economics 101 and gain incite into who and how jobs are created.