News and Comment

News and commentary from around the web of concern to the unemployed and laidoff.

Joshua Holland argues that many of the claims made by conservatives about the economy are wrong. He spoke about the topic on March 31, 2011, at Demos in New York City. WATCH

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GOP Shock Doctrine: What Gov't Shutdown And Other GOP Assaults on Democracy Are Really All About

Like the Right's assault on public sector workers, none of this has anything to do with the budget. By Joshua Holland, Alternet

The Republicans' imminent threat to shut down the government, the right's assault on public workers, its spending- and tax-cap proposals, the successful campaign to shut down ACORN and attempts now underway to defund Planned Parenthood and NPR and, most prominently, Paul Ryan's plan to dismantle Medicare all have one thing in common: they're about entrenching conservative ideological preferences in the law in ways that future legislators will have a hard time undoing.

All of these efforts are ultimately about subverting democracy, which is, for the right, they're non-negotiable.

Conservative policies don't poll well, and the movement took a thumping in 2006 and 2008. Looking forward, the Republicans see their party sailing into some powerful demographic headwinds. Their true base are married white Americans who identify themselves as Christian, and that group is in a free-fall decline in the American electorate.

Conservatives have always done a better job playing the “long game,” and they have their eyes set on a future in which majorities will be harder to come by. Thanks to a moribund economy, the Tea Party swept into Congress and... READ ON

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GOP Offers No Death Panels, Just Death From Lack of Care by Leo Gerard, OurFuture.org

Republicans concocted death panels in an attempt to terrify Americans about health care reform, then propagated the lie because they wanted insurance corporations to profit from illness and injury unfettered.

The Patient Protection and Affordable Care Act passed anyway, but now the GOP has announced that it plans to kill the reform, and Medicaid and Medicare too.

In one fell swoop, Republicans would foreclose on Americas’ long-held and cherished expectation that they’ll receive health coverage from their government in their old age, impoverishment or infirmity. For the elderly, poor, unemployed, disabled and juvenile who can’t afford insurance, the GOP offers no death panels, just death from lack of care.

U.S. Representative Paul D. Ryan, a Republican from Wisconsin and chairman of the House Budget Committee, disclosed the GOP scheme to massacre Medicare and Medicaid. Instead of the government directly paying for medical services for the elderly and impoverished, Republicans would shift costs to states and the elderly. Under their plan, instead of Medicare, the federal government would give seniors an unspecified amount of money toward the cost of premiums for private health insurance. Also, instead of Medicaid, the GOP would give states some money to help pay for insurance for the poor, which includes nursing home care for the elderly. States and the elderly then would be stuck paying insurance costs above the amount provided by the federal government.

Ryan and his GOP gang transfer medical costs to the elderly and impoverished to compensate for federal revenues lost when they slash income taxes levied on the rich and corporations by an additional 30 percent.

The GOP message to the rich and to corporations: keep your tax break and take another 30 percent. The GOP message to the middle class: pay more and lose your safety net.


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Sanders Calls for Shared Sacrifice, Truthout.org  Watch the video here, Sanders on the 10 worst corporate income tax avoiders.

Burlington, Vermont - While hard working Americans fill out their income tax returns this tax season, General Electric and other giant profitable corporations are avoiding U.S. taxes altogether.

With Congress returning to Capitol Hill on Monday to debate steep spending cuts, Sen. Bernie Sanders (I-Vt.) said the wealthiest Americans and most profitable corporations must do their share to help bring down our record-breaking deficit.

Sanders renewed his call for shared sacrifice after it was reported that General Electric and other major corporations paid no U.S. 

taxes after posting huge profits. Sanders said it is grossly unfair for congressional Republicans to propose major cuts to Head Start, Pell Grants, the Social Security Administration, nutrition grants for pregnant low-income women and the Environmental Protection Agency while ignoring the reality that some of the most profitable corporations pay nothing or almost nothing in federal income taxes.

Sanders compiled a list of some of some of the 10 worst corporate income tax avoiders.

1) Exxon Mobil made $19 billion in profits in 2009. Exxon not only paid no federal income taxes, it actually received a $156 million rebate from the IRS, according to its SEC filings.

2) Bank of America received a $1.9 billion tax refund from the IRS last year, although it made $4.4 billion in profits and received a bailout from the Federal Reserve and the Treasury Department of nearly $1 trillion.

3) Over the past five years, while General Electric made $26 billion in profits in the United States, it received a $4.1 billion refund from the IRS.

4) Chevron received a $19 million refund from the IRS last year after it made $10 billion in profits in 2009.

5) Boeing, which received a $30 billion contract from the Pentagon to build 179 airborne tankers, got a $124 million refund from the IRS last year.

6) Valero Energy, the 25th largest company in America with $68 billion in sales last year received a $157 million tax refund check from the IRS and, over the past three years, it received a $134 million tax break from the oil and gas manufacturing tax deduction.

7) Goldman Sachs in 2008 only paid 1.1 percent of its income in taxes even though it earned a profit of $2.3 billion and received an almost $800 billion from the Federal Reserve and U.S. Treasury Department.

8) Citigroup last year made more than $4 billion in profits but paid no federal income taxes. It received a $2.5 trillion bailout from the Federal Reserve and U.S. Treasury.

9) ConocoPhillips, the fifth largest oil company in the United States, made $16 billion in profits from 2007 through 2009, but received $451 million in tax breaks through the oil and gas manufacturing deduction.

10) Over the past five years, Carnival Cruise Lines made more than $11 billion in profits, but its federal income tax rate during those years was just 1.1 percent.

Sanders has called for closing corporate tax loopholes and eliminating tax breaks for oil and gas companies. He also introduced legislation to impose a 5.4 percent surtax on millionaires that would yield up to $50 billion a year. The senator has said that spending cuts must be paired with new revenue so the federal budget is not balanced solely on the backs of working families.

"We have a deficit problem. It has to be addressed," Sanders said, "but it cannot be addressed on the backs of the sick, the elderly, the poor, young people, the most vulnerable in this country. The wealthiest people and the largest corporations in this country have got to contribute. We've got to talk about shared sacrifice."

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Why Republicans Persist in Demanding the Elimination of 700,000 Jobs HuffPost, Robert Creamer

Last week, the economy showed more evidence that the administration's economic stimulus programs, rescue of the auto industry, investments in clean energy, extension of unemployment compensation, past aid to the states and other measures are beginning to lead to job growth. In March, the economy added 219,000 new jobs -- bringing total private sector job growth to 1.8 million in the last 13 months.

This rate of job growth is far short of what is needed to return us to full employment -- or even the more modest levels of unemployment that preceded Bush's Great Recession. But Obama's 1.8 million new jobs is 1.8 million more than the zero net private sector jobs created in the eight years of the Bush administration using the Republican program of tax cuts for the rich.

The first decade of this century was also the first decade in our economic history that experienced no private sector job growth whatsoever. You'd think that this great experiment in trickle down economics would be enough to convince anyone with more than five brain cells to string together that trickle down economics doesn't work -- but apparently not.

Republicans in Congress are still demanding that $61 billion be cut from this years' budget -- halfway through the fiscal year. If they are successful, Moody's economic forecasting firm -- and their economist Marc Zandi, who was an advisor to Republican Presidential Candidate John McCain -- predicts that it would result in the elimination of 700,000 jobs in the United States.

And now House Budget Chairman Paul Ryan (R) has proposed a 2012 budget that would do even more to slam the middle class. He proposes eliminating Medicare and Medicaid and replacing them with programs that reduce health care coverage for seniors at the same time they provide a windfall for the big insurance companies.

Why do Republicans persist in demanding that we eliminate 700,000 jobs? It has to do with the influence of four major groups:

1). The CEO/Wall Street Class. Much of America's economic royalty... READ ON

2). The second influential group pushing for policies that would eliminate 700,000 jobs are the intellectuals and academics who work for the first group. And I do mean "work for."... READ ON

3). Many in the third group actually understand the budget-slashing proposals being made by Republicans in the house would cut massive numbers of jobs. This group is the Republican political class -- and they would be happy as pigs in slop to eliminate those jobs. READ ON

4). Of course the final -- and most visible -- group clamoring for draconian cuts that would cost 700,000 American their jobs is the Tea Party, and the many far-right members of the Republican caucus that.. READ ON

...

and

We could balance the budget over the long haul without cutting programs that benefit the middle class by raising rates on the wealthy to levels below the highest rate under Ronald Reagan, treat "capital gains" as "ordinary income", cut modest amounts of military spending, require Medicare to negotiate with drug companies for cheaper prices, control health care costs with a Public Option, and eliminate "tax expenditures" like subsidies to big oil.

We need to make it clear that the budget debate is about choices -- moral choices about what is important, who should pay and who should sacrifice. The question is simple: Do Americans want to cut education and all the rest in order to give tax breaks to the wealthy and big corporations? America's answer to that question in poll after poll is a resounding no. Americans want to invest in their future, not cater to the short-term greed of our home-grown class of economic royals whose answer to the pain of middle class people is the modern-day equivalent of "let them eat cake."

The Republicans thought that the budget debate would give them the high political ground. That's why they were willing to go so far out on an extremist precipice. Now the political ground is beginning to crumble - and it's a long way down.

Robert Creamer is a long-time political organizer and strategist, and author of the book: Stand Up Straight: How Progressives Can Win

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