Robert Reich: The fact is, global corporations have no allegiance to any country; their only objective is to make as much money as possible — and play off one country against another to keep their taxes down and subsidies up.
Ann Robertson and Bill Leumer: Jerry Brown to resort to his terror tactic, intended to strike fear in the hearts of the public. He has told the people of California that if they do not support this new compromise tax proposal, then automatic trigger cuts will go into effect that will brutally slash the budget of public education on all levels.
Lydia Howell: Madison is ground zero for resistance to the dismantling of workers’ rights and cutting anything in government budgets that serves human needs while corporate “persons” get subsidies and tax cuts and are in effect made exempt from law supposedly governing such offenses as pollution and worker safety.
Robert Reich: I’ve been watching (and occasionally trying to deal with) the Chamber for years, and all I know is it has a deep, abiding belief in cutting taxes on the wealthy, eroding regulations that constrain Wall Street, cutting back on rules that promote worker health and safety, getting rid of the minimum wage, repealing the new health-care law, fighting unions, cutting back Medicare and Social Security, reducing or eliminating corporate taxes, and, in general, taking the nation back to the days before the New Deal. So what, exactly, is the deal Obama is pitching to the Chamber?
Shamus Cooke: Obama’s Deficit Reduction Commission attacks Social Security and Medicare. The retirement age would be raised from 67 to 68 (for those born after 1959) and from 68 to 69 (for those born after 2006). But current retirees will be affected too. The social security cost of living adjustment will be unhinged from the inflation index, meaning, payments will decrease via inflation.
Shamus Cooke: But in a close second place in this rightward scramble are the Democrats, who’ve spent decades racing into the arms of the corporations that dominate both political parties unchallenged.
Joseph Palermo: Our political spectrum, as refracted through the lens of corporate media, runs from center-right to far-right. No wonder the conventional wisdom in Washington holds, without evidence, that the United States is a “center-right” country. Those making that argument might not be real, informed commentators — but they play them on TV.
This article was posted for the November 2010 election. Click here for the March 8, 2011 election recommendations. Thanks to Marcy Winograd and the Progressive Democrats of Los Angeles, you don’t have to go to the polls clueless. You can walk in with your head held high because PDLA has done their homework and provided [...]
Rachel Maddow’s example on MSNBC was a simple enough explanation of how $21 billion dollars in annual tax revenue disappears from US coffers through legal loopholes that create tax shell corporations. Mr. Bill Hypothetical, based in Texas, earns $50,000 annually and pays a 25% tax rate. KBR’s profits, also based in Texas (a military contractor [...]