Wednesday, December 1, 2010

Trickle Down Economics in a Snowstorm

Posted By on Wed, Dec 1, 2010 at 9:07 AM

The snow has shut down a good many public schools in Idaho but scores of CEOs and CFOs are being "schooled" Wednesday at the Boise Centre. They're packed into the 64th Annual Taxpayers Conference sponsored by something called the Associated Taxpayers of Idaho.

Just who is the ATI? A quick look at the officers and you get a good idea. Executives from Avista, INL, Idaho Mining Association, Idaho Power, Intermountain Gas, JR Simplot, Melaleuca, Potlatch, Union Pacific and Winco make up the board of directors.

They'll be briefed on federal health care reform, the upcoming session of the Idaho legislature (a couple dozen members of the Idaho house and senate are in the room), Medicaid and even prisons.

Kicking things off is Ed Karl from the American Institute of CPAs. He spends his days working with the nation's tax lobbyists of Capitol Hill. He's offering some analysis of the current and future political climate.

Among his more interesting remarks: A new Rasmussen national survey reports 59 percent of likely voters said most voters will be disappointed with Republicans in Congress before the next national elections. Karl's forecast for 2012: Congressional gridlock, a crowded Republican primary and a high-profile fight for the U.S. Senate. Thirty-two Senate seats will be up for re-election in 2012. Twenty are currently held by Democrats.

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