Eric Cantor’s op-ed laying out the Republican agenda is filled with the kind
of distortions you’d expect, but this passage deserves special commendation.
After decrying a National Labor Relations Board Ruling, he continues:
Such behavior, coupled with the president’s insistence on raising the top tax rate paid by individuals and small businesses, has resulted in a lag in growth that has added to the debt crisis, contributing to our nation’s credit downgrade.
So Cantor is arguing that S&P downgraded U.S. debt because of President
Obama’s future plans to increase the top tax rate. That’s such a mind-boggling
claim that even Cantor cannot bring himself to put it in quite these terms. So
instead he breaks it into a series of steps.
First, he claims that the future promise of upper-bracket tax hikes “has
resulted” in a lag in growth. (Question: if the mere possibility of future tax
hikes is enough to depress growth, why don’t we go ahead and just raise taxes?
If we’re going to get the slower growth anyway, might as well get the revenue,
right?)
Second, the lag in growth “caused” by hypothetical future tax hikes added to
the debt crisis.
Third, the debt crisis contributed to the downgrading of the debt.
It’s a fairly brilliant bit of rhetoric. After all, S&P specifically cited the Republican threat to fail to lift the debt ceiling and Republican refusal
to consider any tax increases as the cause of the downgrade. cantor has
found a way to present Obama’s support for higher taxes as the cause of the
downgrade. That’s so brazen I almost have to admire it.
By: Jonathan Chait, The New Republic, August 22, 2011
August 23, 2011
Posted by raemd95 |
Businesses, Class Warfare, Congress, Conservatives, Consumers, Corporations, Debt Ceiling, Economic Recovery, Economy, GOP, Ideologues, Ideology, Income Gap, Labor, Lawmakers, Middle Class, Politics, Republicans, Right Wing, Tax Loopholes, Taxes, Teaparty, Wealthy | Credit Downgrade, National Labor Relations Board, Rep Eric Cantor, S&P, Tax Rates, Tax Revenues |
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Wealthy Americans will recoil at the suggestion, likely responding with the tired mantra that the top earners pay most of the income tax. But two points can be made in response to that: (1) federal income tax is only a small part of the burden on the middle class.
Based on data from the Institute on Taxation and Economic Policy, the total of all state and local taxes, social security taxes, and excise taxes (gasoline, alcohol, tobacco) consumes 21% of the annual incomes of the poorest half of America. For the richest 1% of Americans, the same taxes consume 7% of their incomes. And (2) the richest people pay most of the federal income taxes because they’ve made ALMOST ALL the new income over the past 30 years. Based on Tax Foundation figures, the richest 1% has TRIPLED ITS SHARE of America’s income since 1980, AFTER TAXES.
But there are better reasons why the rich should pay higher taxes.
The very rich benefit most from national security, government-funded research, infrastructure, and property laws. Defending the country benefits the rich more, because they have more to defend. Taxpayer-funded research at the Defense Advanced Research Projects Agency (the Internet), the National Institute of Health (pharmaceuticals), and the National Science Foundation (the Digital Library Initiative) has laid a half-century foundation for their idea-building. The interstates and airports and FAA and TSA benefit people who have the money to travel.
Over a hundred years ago, Teddy Roosevelt, facing an epidemic of inequality not unlike today, reminded us that “Great corporations exist only because they are created and safeguarded by [democratic] institutions; and it is therefore our right and our duty to see that they work in harmony with these institutions.”
Here’s another good reason for the rich to pay more taxes: With the drop in tax revenue, funding for the preservation of American culture is disappearing. Do we want our national treasures deprived of maintenance because of budget cuts, as is currently happening in Italy? Do we want our national parks sold to billionaires? Do we want programs for music and the arts eliminated from schools, so that only children of the wealthy can participate in them?
The 1912 book “Promised Land” by Mary Antin revealed the wonder of a Russian immigrant coming to the U.S.: “In America, then, everything was free…light was free…music was free.”
Not that capitalist markets don’t have their place. But the current view of democracy has gone to the other extreme, in which individualism and personal gain trump societal responsibility, and growing inequality makes community support and safeguards unnecessary for the privileged elite.
Finally, back to the tax statistics. Why should financial earnings (i.e., capital gains) be taxed less than wage earnings from actual work? The richest 10% of Americans own over 80% of the stocks, the gains from which are taxed at a 15% rate. Most wage earners pay more.
Furthermore, over the past 15 years millionaires have seen their income tax rates drop from 30% to 22%. During approximately the same time period, American economic growth declined from an annual 3.2 percent rate to 1.7 percent. Lower taxes for the rich do not lead to productivity.
Will the rich stop investing or move to another country if their taxes are increased? Not likely. They have it too good here. As Warren Buffett recently stated, “I have worked with investors for 60 years and I have yet to see anyone – not even when capital gains rates were 39.9 percent in 1976-77 – shy away from a sensible investment because of the tax rate on the potential gain.”
Mr. Buffett is admitting what everyone else is beginning to realize. The rich take much more than they pay for.
By: Paul Buchheit, CommonDreams.org, August 22, 2011
August 23, 2011
Posted by raemd95 |
Capitalism, Class Warfare, Congress, Conservatives, Corporations, Democracy, Democrats, Economic Recovery, Economy, Equal Rights, GOP, Government, Ideologues, Ideology, Income Gap, Jobs, Liberty, Middle Class, Politics, Public Opinion, Republicans, Right Wing, States, Tax Loopholes, Taxes, Teaparty, Wealthy | Capital Gains, Income, Income Taxes, Inequality, Low Income, Poor, Social Responsibility, Tax Rates, Wages, Wall Street, Warren Buffett |
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Harsh state judicial campaigns financed by ever larger amounts of special interest money are eating away at public faith in judicial impartiality. There are few places where the spectacle is more shameful than Wisconsin, where over-the-top campaigning, self-interested rulings, and a complete breakdown of courthouse collegiality and ethics is destroying trust in its Supreme Court.
On Monday, a special prosecutor was named to investigate an altercation between two justices on opposite sides of the court’s bitter ideological divide. Ann Walsh Bradley, a member of the court’s liberal wing, has charged that David Prosser, a conservative, put her in a chokehold during a heated exchange shortly before the court upheld the new state law eliminating most collective-bargaining rights for public employees.
Justice Prosser has disputed Justice Bradley’s version of what occurred, and the facts remain unclear. What is certain is that Justice Prosser should have recused himself from that ruling. His vote to uphold the law occurred shortly after his re-election campaign in which he benefited from heavy anti-union independent spending.
Justice Prosser won the April election by a very small margin, prompting a recount. The Milwaukee Journal Sentinel reported that he then raised more than $270,000 for the recount, much of it in $50,000 chunks. (The contribution limits that apply under Wisconsin’s public financing system for judicial races do not extend to recounts.) Some $75,000 of the haul was used to pay fees to a law firm led by an attorney representing conservative groups in a case challenging state campaign disclosure rules, which is scheduled to be heard by the court next month.
Given the lawyer’s role in Justice Prosser’s recent recount success, a reasonable person might well question the judge’s impartiality on that case, too. After first saying he had no intention of recusing himself, Justice Prosser on Thursday asked the parties in the campaign finance case to file memos stating their views about recusal. It should not take a formal request for him to step aside.
A contentious 4-to-3 decision by the court last month declared recusal decisions by the justices to be unreviewable. In another sign of the court’s dysfunction, the deciding vote came from Justice Patience Roggensack, whose involvement in an earlier case was the subject of the disqualification motion that the court was reviewing. Like the ruling itself, Justice Roggensack’s participation in judging her own conduct showed astounding disregard for legal ethics and every litigant’s right to impartial justice. The problems don’t even stop there. A year ago, by another 4-to-3 vote along ideological lines, the court weakened the recusal standard by adopting a rule saying that campaign fund-raising or expenditures can never be the sole basis for a judge’s disqualification. The rule was largely written by a business group that has spent lavishly in judicial campaigns.
Members of Wisconsin’s top court need to focus on restoring civility and public trust. For starters, they should scrap last year’s decision on campaign money in favor of strict disclosure requirements for lawyers and litigants. They should also adopt an appeals process for recusals, so the final decision is no longer left to the judge whose impartiality is being questioned. The court’s credibility, and justice in Wisconsin, are on the line.
By: New York Times Editorial, August 19, 2011
August 20, 2011
Posted by raemd95 |
Businesses, Collective Bargaining, Conservatives, Corporations, Democracy, Democrats, Elections, GOP, Ideologues, Ideology, Justice, Politics, Public, Republicans, Right Wing, States, Teaparty, Union Busting, Unions, Voters, Wisconsin, Wisconsin Republicans | Anti-Union, Campaign Financing, Citizens United, Ethics, Gov Scott Walker, Judicial Campaigns, Judiciary, Justice Ann Walsh Bradley, Justice David Prosser, Justice Patience Roggensack, Liberals, Public Trust, Recusal, Wisconsin Supreme Court |
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Texas Gov. Rick Perry formally launched his presidential campaign last weekend, apparently hoping to upstage those competitors who were slugging it out in the Iowa Straw Poll. The event was won by Michele Bachmann, whose core supporters come from the same Religious Right-Tea Party crowd expected to be Perry’s base. He may have just made it official, but in fact Perry has already been running hard. A week before his announcement, he solidified the devotion of Religious Right leaders and activists with a defiantly sectarian prayer rally sponsored by some of the country’s most extreme promoters of religious and anti-gay bigotry. His financial backers began hitting up donors a while ago.
Perry is hoping to take advantage of a relative lack of enthusiasm for the current Republican field and its erstwhile front-runners. His potential to upset the field is reflected in the fact that he was polling in the double-digits before even entering the race, drawing far more support than candidates like Newt Gingrich and Rick Santorum who have seemingly been running for years. Ed Kilgore at The New Republic wrote recently that Perry has become “the unity candidate of the GOP” because he “seems to perfectly embody the Republican zeitgeist of the moment, appealing equally to the GOP’s Tea Party, Christian Right, and establishment factions while exemplifying the militant anti-Obama attitude that holds it all together.” Perry does indeed draw support from both establishment and far-right Republicans: last year, prizes offered by his election campaign included lunch with GOP strategist Karl Rove and a spiritual tour of the U.S. Capitol with right-wing pseudo-historian David Barton.
The Religious Right
Perry’s love affair with even the most extreme elements of the Religious Right is a long-term relationship that started years before the recent prayer rally. Over the years, Perry has persistently backed the efforts of Religious Right activists on the Texas school board to use the textbook selection process to impose right-wing religious and political ideology on science and history textbooks. He has shown little respect for the separation of church and state and has worked to further restrict access to abortion in the state.
His re-election campaigns have relied heavily on church-based organizing and networks of far-right evangelical pastors mobilized by the likes of self-described “Christocrat” Rick Scarborough. According to the Texas Freedom Network, Between May 2005 and October 2008 the Texas Restoration Project held eight pastors’ policy briefings. Part of Perry’s invitation to the October 2008 event said:
While Congress occupies its time trying to legislate defeat in Iraq, we hope you will attend a Pastors Policy Briefing that will equip you to walk point in the war of values and ideas.
Rediscovering God in America — Austin is intended to remind us that excuses are not the proper strategy when facing evil and confronting enemies. Instead, we must rally godly people and seek God’s provision for the resources, the courage, and the strength necessary to win and, ultimately, glorify Him.
In 2009, he participated in a closed-door session with Texas pastors sponsored by the U.S. Pastor Council, and hosted a state prayer breakfast that featured Gary Bauer as the keynote speaker. And last year, he was visited by a group of pastors associated with the dominionist New Apostolic Reformation, who told him that God had chosen him for bigger things; they were among the leaders of last weekend’s “Response.”
The Response itself was called by Perry but sponsored and paid for by the American Family Association, which has been designated a hate group by the Southern Poverty Law Center for its pattern or spreading false and denigrating information about gay people, and which promotes some of the ugliest bigotry spewed on the nation’s airwaves. Among the extremist co-sponsors and speakers at The Response were dominionist Mike Bickle, who has said that Oprah is a harbinger of the anti-Christ, and pseudo-historian David Barton, who claims that Jesus opposed progressive taxes, the minimum wage, and collective bargaining by unions.
The Tea Party Right
Perry also seamlessly blends the Tea Party’s anti-Washington fervor with the Religious Right’s Christian-nation vision. Last year, at an event sponsored by the Texas Eagle Forum, Perry said the November 2010 elections were “a struggle for the heart and soul of our nation.” Said Perry, “That’s the question: Who do you worship? Do you believe in the primacy of unrestrained federal government? Or do you worship the God of the universe, placing our trust in him?”
If it seems remarkable and contradictory that Perry would seek the presidency so soon after speculating on the benefits of seceding from the union “if Washington continues to thumb its nose at the American people,” it is no less contradictory than Perry promoting his anti-Washington book, “Fed Up: Our Fight to Save America from Washington,” while repeatedly requesting federal emergency assistance to fight wildfires that have raged in Texas this year.
The Economic Right
Perry is almost certain to make jobs — and his claims that Texas’ low-tax, low-regulation, low-wage environment would be good for what ails America — a centerpiece of his campaign. In fact he has been publicly praying about regulations that he says stifle business and jobs. That vision will almost certainly make Perry popular among the corporate funders that are increasingly funneling money into Republican campaigns in the wake of the Supreme Court’s Citizens United decision that corporations have the same rights as citizens to influence elections.
Perry’s economic policies may be good for corporate profits, but they aren’t much of an economic model for the rest of us. Nobel Prize-winning economist and New York Times columnist Paul Krugman wroteearlier this year:
Texas is where the modern conservative theory of budgeting — the belief that you should never raise taxes under any circumstances, that you can always balance the budget by cutting wasteful spending — has been implemented most completely. If the theory can’t make it there, it can’t make it anywhere.
Debt owed by the state of Texas has doubled during Perry’s tenure as governor; the state’s per-capita debt is worse than California’s. And this year, Texas lawmakers wrestled with a budget shortfall that Associated Press called “one of the worst in the nation.” Perry’s budget relied heavily on federal stimulus funds to plug a massive 2010 budget deficit. The budget finally passed this year cut some $4 billion out of state support for public education and is expected to result in tens of thousands of teacher layoffs.
Meanwhile, Texas ranks at or near the bottom of many indicators of individual and community health. It is worst in the country in the percentage of children with health insurance and pregnant women receiving early prenatal care. It has the highest percentage of workers earning at or below the minimum wage. It has the lowest percentage of adults with a high school diploma. It is worst for known carcinogens released into the air and among the worst for toxic pollution overall.
The Right Online
Perry has sometimes adopted the Sarah Palin approach to media. According to the conservative Daily Caller, Perry declined to meet with newspaper editorial boards during his primary race against Sen. Kay Bailey Hutchison, but “went out of his way to make himself available to conservative bloggers.” The Caller‘s Matt Lewis predicts that “a large percentage of conservative bloggers for sites like RedState.com” will “jump on the Perry bandwagon.”
Perry the Prevaricator
Perry statements have received no fewer than seven “pants on fire” ratings from Politifact Texas; he earned those awards for repeated false statements about his policies and his political opponents. Of 67 Perry statements reviewed by Politifact, 14 were declared false in addition to the seven “pants on fire” lies — while another 10 were rated “mostly false.” Only 17 were considered true (10) or mostly true (7), with 19 called “half true.”
Perry and the Republican Party
If Rick Perry does indeed become the Republican “unity candidate,” that will be further evidence that the GOP has become the party of, by, and for the far right — a party that has abandoned any credible claim to representing the economic interests or constitutional values embraced by most Americans.
By: Michael B. Keegan; President, People For the American Way, Published in Huff Post Politics, August 17, 2011
August 19, 2011
Posted by raemd95 |
Bigotry, Budget, Businesses, Campaign Financing, Class Warfare, Congress, Conservatives, Corporations, Democracy, Economic Recovery, Economy, Elections, GOP, Government, Ideologues, Ideology, Jobs, Media, Politics, Press, Regulations, Republicans, Right Wing, Teaparty, Unemployed, Voters | American Family Association, Anti-Gay, Campaign Financing, Christian Right, David Barton, Evangelicals, Far Right, Gov Rick Perry, Hate Groups, Karl Rove, Mike Bickle, New Apostolic Reformation, Rep Michele Bachmann, Rick Scarborough, Secession, SPLC, Texas Eagle Forum, Texas Freedom Network, Texas Restoration Project, Texas School Board, The Response, U. S. Pastor Council |
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What would your health insurance cover if you got pregnant? How much could you expect to pay out of pocket if you needed treatment for diabetes? How do your plan’s benefits compare with another company’s?
Starting as soon as March, consumers could have a better handle on such questions, under new rules aimed at decoding the fine print of health insurance plans.
Regulations proposed by the Obama administration on Wednesday would require all private health insurance plans to provide current and prospective customers a brief, standardized summary of policy costs and benefits.
To make it easier for consumers to make apples-to-apples comparisons between plans, the summary will also include a breakdown estimating the expenses covered under three common scenarios: having a baby, treating breast cancer and managing diabetes.
Officials likened the new summary to the “Nutrition Facts” label required for packaged foods.
“If you’ve ever had trouble understanding your choices for health insurance coverage . . . this is for you,” Donald Berwick, a top official at the Department of Health and Human Services, said at a news conference announcing the proposal.
“Instead of trying to decipher dozens of pages of dense text to just guess how a plan will cover your care, now it will be clearly stated in plain English. . . . If an insurer’s plan offers subpar coverage in some area, they won’t be able to hide that in dozens of pages of text. They have to come right out and say it.”
Industry representatives said complying could prove onerous for insurers. “Since most large employers customize the benefit packages they provide to their employees, some health plans could be required to create tens of thousands of different versions of this new document — which would add administrative costs without meaningfully helping employees,” Robert Zirkelbach, press secretary for the industry group America’s Health Insurance Plans, said in a statement.
Insurance shoppers would also have to keep in mind that their actual premiums could change after they finalized their application, particularly in the case of plans for individuals, which can continue to adjust benefits based on detailed analysis of members’ health history over the next three years. (After 2014, the health-care law will essentially limit insurers to considering only three questions about applicants: how old they are, where they live and whether they smoke.)
The regulation, which is subject to a 60-day public-comment period, essentially fleshes out details of a mandate established by the the health-care law. But it also clarifies a question that the law left somewhat ambiguous: How soon into the application process can shoppers get the summary from insurers?
The regulations would require insurers to provide the summary on request, rather than waiting until someone applies for a policy or pays an application fee, a position that drew praise from consumer advocates.
“If consumers are really going to be able to compare their options, they should be able to easily get this form for any plan that they would like to consider,” said Lynn Quincy, senior health policy analyst for Consumers Union, the nonprofit publisher of Consumer Reports.
In addition to supplying the summary on demand, insurers would have to automatically provide it before a consumer’s enrollment, as well as 30 days before renewal of their health coverage. Plans must also notify members of any significant changes to their terms of coverage at least 60 days before the alterations take effect.
The summary form, which can be sent by e-mail, must be no longer than four double-sided pages printed in 12-point type. In addition to listing a plan’s overall premiums, co-pays and co-insurance amounts, it must include charts specifying the out-of-pocket costs for a range of specific services. A copy can be viewed at www.healthcare.gov/news/factsheets/labels08172011b.pdf.
By: N. C. Aizenman, The Washington Post, August 17, 2011
August 19, 2011
Posted by raemd95 |
Affordable Care Act, Consumers, Corporations, Government, Health Care, Health Reform, HMO's, Insurance Companies, Pre-Existing Conditions, President Obama, Public, Regulations | America's Health Insurance Plans, Breast Cancer, Diabetes, Donald Berwick, Employees, Employers, Health Insurance, Health Plans, Insurance Premiums, Insurers, Out Of Pocket Expenses, Pregnancy, Private Health Insurance |
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