Tag: Tax Cuts

Senate’s Conrad Cashes Out

North Dakota “Democratic” Senator Kent Conrad, 62, has announced he is not going to run for re election in 2012. He is the current majority Chairman of the Senate Budget Committee.   He is also on Agriculture Nutrition Forestry, Finance, and Indian Affairs committees.  Kent Conrad


Conrad said he would serve out his term.

“Although I will not seek re-election, my work is not done,” Conrad said in his statement. “I will continue to do my level best for both North Dakota and the nation.”

http://www.huffingtonpost.com/…

He says he’s going to spend his remaining time and energy trying to reduce the national debt and dependence on foreign oil.  And working on a Farm Bill.  http://www.valleynewslive.com/…

Senator Kent Conrad’s legacy will include recommending former OMB head Peter Orszag for his White House position early in the Obama administration (Orszag sharing Conrad’s curious blind spot on what drives the deficit, see more of that here: https://www.docudharma.com/diar…    ) , being a phony “deficit hawk,”  who couldn’t see anything wrong with increased military budgets and decreasing domestic needs being met, and opposing the Public Option during the Health Care reform legislative battle. Voting for reducing the payroll tax that funds Social Security, and for continuing the Bush Tax Cuts for the wealthiest in Dec of 2010 during the Lame Duck Session.  http://www.thestate.com/2010/1…    Oh, and being part of that Democratic Senate Supermajority of 2009 That Didn’t Do Any Energy Policy, Global Climate Change,  or Tax Code Changes.  Other than a lot of stimulus money got earmarked for “research.”

Kent Conrad was also on the President Obama Deficit (“Catfood Commision”) Committee of 2010, which called for cuts in Medicare and Social Security.


“You know, a certain amount of this is shock therapy,” Conrad said. “There are different options and, of course, what everybody has fastened on is the most extreme of the options. But, look, the important thing for people to know is that we are borrowing 40 cents of every dollar we spend. That’s utterly unsustainable. It can’t continue much longer, so it’s got to be dealt with.”



“Fundamentally, if we’re going to raise revenue, I don’t think the way to do it is to raise rates. I think the way to do it is to eliminate some of the loopholes that exist in the system,” the senator said.  

November 14, 2010.  Kent Conrad in an interview with Christiane Amanpour on “This Week” about the Deficit Commission

http://abcnews.go.com/ThisWeek…

Waaaaaoooow: We is left-wing as heeeeeyyyll!!!

Most Americans say tax rich to balance budget: poll

NEW YORK (Reuters via YahooNews) – Most Americans think the United States should raise taxes for the rich to balance the budget, according to a 60 Minutes/Vanity Fair poll released on Monday.

President Barack Obama last month signed into law a two-year extension of Bush-era tax cuts for millions of Americans, including the wealthiest, in a compromise with Republicans. . . .”

Well this is kind of a fun headline to read. But again, I find it a bit on the subtle side of things. Perhaps a more eye-catching headline might read:

Poll: Holy Shitballs! Who let all these left wingers in?

or perhaps

Poll: MMMMYeah . . . . about that whole ‘center-right nation’ thing

WHAT WARS? WHAT VETERANS? ‘SACRIFICE?’ NOT this country!!!

What the F**K is wrong with this country? Wait, never mind I’ve been watching it collapse for the last thirty of my comin on 62 years of my life, Questions Answered!

I just got finished watching Meet The Press and the way over the top extremely highly paid ‘experts?’ mumbling about the tax cuts and who hates who and why.

I didn’t hear One mention of these Wars our soldiers are still in nor the countries need to Finally not only ‘Sacrifice, after ten years, but Pay Back What Is Owed For Waging Them, not a mention as to the Veterans Of nor their Families, the Only Ones That Have Done Any Sacrificing as these tax cuts came with the start of these Wars of Choice.

It came on just as I was putting together a post for my site on a just released report on Family Care Givers of Veterans, and boy there is so much more then just this!

Dems: Want Tax Cut Cover? Try the Small Business Exemption!

(Cross-posted on Kos.)

I don’t need to echo that the Democrats cannot cave on a vote for a middle class tax cut.  But the one charge that seems to scare them (even though it shouldn’t) is that raising taxes on incomes over 250K will hurt small businesses.  In fact, this fear was an important reason why there was no pre-election vote on the tax cut.  Over the summer, House Dems feared a vote against the over 250K extension “would endure Republicans’ charge that they had voted to raise taxes on some small businesses.”

That’s partly because Republicans like Rep. Neuberger (Liar, TX) make wild charges like that 94% of small businesses will face tax increases if the taxes expire.  In fact, it’s more like 3% at most.

If Dems still feel this vulnerability, why not add a small business exemption to the expiration of the over 250K cuts?

Since no more than 3% of actual small businesses would be exempt, the revenue effect would be minimal. And Democrats would have some political cover on the one issue that seems to scare them most about letting the cuts expire for over 250K.

Of course, the Republicans will continue to lie about what actually is a small business, a lie rated “Pants on Fire” by Politifact:

Neugebauer said that “94 percent of small businesses will face higher taxes under the Democrats plan.” The statement is problematic in several ways. First, it implicitly assumes that the Democratic plan is to let all of the tax cuts lapse, when, in fact, Democratic officials have consistently said that they intend to raise taxes only for the wealthiest individuals. Second, two independent studies that looked at the impact of the Democratic proposal on small businesses found that only between 2 to 3 percent of tax filers who report having what can be thought of as small business income will be affected. One of those studies came from the very source that Neugebauer incorrectly cited. Finally, reporting business income doesn’t equal owning a small business, and data from the Tax Policy Center confirm that in the top tax bracket, only about a third of the tax filers report having at least 50 percent of their income from a business. We looked and looked for a shred of truth and couldn’t find one, so we rate this Pants on Fire.

Like anything else these days, this would be a test of whether Right Wing propaganda can convince people of anything (500B in Medicare cuts, Death Panels, Obama raised middle class taxes and triled the deficit).

But at least it would make the lies a little bit harder to pull off.

Behold the Grand Misdirection — Lockbox vs the Loan-Sharks

The Austerity Rhetoric is ramping up.

The National Debt is the Issue of the Day.

How in the world are we going to pay for it — especially for all those Baby-Boomers with the audacity to dare to Retire, after working all our lives;

After paying all our lives into the Social Security Trust Fund, as our Govt required us to do.

HOW Dare We — actually expect the Govt to Pay the Benefits that we were promised?  Oh the Nerve!

Here’s the sleight of hand Hoodwink that the GOP Loan-Sharks are preparing to pull off — pay attention, because it’s a classic trick of misdirection — and it goes by fast:

It is the Federal Government that has the Legal Obligation

to payback the Social Security Trust Fund

NOT the other way around !

It is the Federal Govt that raided OUR Retirement “Cookie Jar” —

and it is the Federal Govt that needs to replace them.

What’s left of OUR “Cookies” should be permanently off the Table.

In other words, All cuts to SS Benefits should be OFF the Table.

Friday: Weasel Words

Weasel,short tailed weasel


The Hill

10/12/2010

http://thehill.com/homenews/ca…

But centrist Democrats say the draft recommendations from the fiscal commission co-chairmen are reasonable. They note the money saved from the proposed reforms would be used to strengthen Social Security and not go toward the general Treasury deficit.

“The recommendations on Social Security fall well within the mainstream of what most progressive organizations that care about Social Security solvency think should be done to save it,” said Jim Kessler, vice president for policy at Third Way, a centrist Democratic think tank. “Everyone believes there should be increases in the retirement age, some adjustment to the cost-of-living adjustments and some increase in revenues.”

Third Way’s Board of Trustees work for companies including Goldman Sachs, JP Morgan Chase, Morgan Stanley, Palladium, DGZ Capital, Ospraie Funds,  etc.

Third Way Honorary Co Chairs include: Blanche Lincoln of Arkansas*, Evan Bayh of Indiana*, Thomas Carper of Delaware, Mark Pryor of Arkansas, Claire McCaskill of Missouri, Mark Udall of Colorado, Melissa Bean of Illinois* Artur Davis of Alabama*

*will no longer be in elected office as of January 2009 due to loss or retirement


The Hill

11/12/2010

Poll Shows Majority Wants Tax Cuts for Everyone

http://thehill.com/blogs/on-th…

A majority says tax cuts should be extended for everyone, which is in line with what Republicans have argued for the past several months, according to a recent poll.

About 53 percent said the Bush-era tax cuts set to expire at the end of the year should be extended for all workers, including higher earners, according to an Associated Press/GfK Poll conducted after last week’s elections.

The AP-GfK Poll was conducted Nov. 3-8 by GfK Roper Public Affairs & Corporate Communications, and involved landline and cell phone interviews with 1,000 adults chosen randomly from across the U.S. It has a margin of sampling error of 4.1 percentage points.

“AP” in AP- GfK is the Associated Press.

Nation Branding: making the country’s values better known, minimize accidents, promote tourism, or attract investors.

  Simon Anholt is a consultant who advises countries on their national identity “brand,” and who invented the phrase “nation branding” in 1998.  Anholt regularly conducts two global surveys known as the Anholt – Gfk Roper Nation Brands Index and Anholt- Gfk Roper City Brands Index. Nation branding is practiced by many countries to manage their international reputations and enhance the perceived value of their exports.  GfK Roper Public Affairs and Media is the official polling partner of the Associated Press and is home based in NYC, offering services to make “market decisions.”

One Year Ago:


Press Release

http://www.gfk.com/group/press…

New York, October 5, 2009 – Brand America is now ranked #1 by global citizens, according to the GfK Roper Public Affairs & Media, a division of GfK Custom Research North America. Results from the 2009 Anholt-GfK Roper Nation Brands Index(NBI), which measures the global image of 50 countries, show the United States taking the top spot as the country with the best overall brand, up from seventh last year.

“What’s really remarkable is that in all my years studying national reputation, I have never seen any country experience such a dramatic change in its standing as we see for the United States in 2009,” explains Simon Anholt, NBI founder and an independent advisor to over a dozen national governments around the world. “Despite recent economic turmoil, the U.S. actually gained significant ground. The results suggest that the new U.S. administration has been well received abroad and the American electorate’s decision to vote in President Obama has given the United States the status of the world’s most admired country.”

One Month Ago:


http://www.gfk.com/group/press…

Press Release

New York, USA, October 12, 2010 – The United States continues to lead the world in global image, according to GfK Roper Public Affairs & Corporate Communications…..

Mr. Anholt points out the importance of understanding not only the overall reputation standing of nations, but also individual attributes: “While the United States ranks No. 1 on the overall NBI, it ranks much lower on a few individual questions such as “behaves responsibly in world peace and security” (21st) and “behaves responsibly in protecting the environment” (26th).

Two Months Ago:


http://www.gfk.com/group/press…

Press Release

New York, USA, September 22, 2010 – The United States is one of the more environmentally cynical nations in the world with only 62% of the population believing that environmental pollution is a serious issue according to the findings from the new Green Gauge Global report from GfK Roper Consulting, a division of GfK Custom Research North America. This ranks the US 24th out of 25 markets around the world – close to dead last.

Whoops.

Feel like your amygdala’s been massaged enough yet ?

HumpDay Part III: Bush Tax Cuts for Richest a Go, per Axelrod, Walks back Afghantime

Just before midnight, Wednesday, November 10, 2010, Pacific West Coast time:

Just when you really wanted to effing just go to bed and bury your head in a pillow for the next 24 hours, White House top advisor (at this hour….) David Axelrod has been tasked with imparting this cheery news:  The George W. Bush Tax Cuts for the Wealthiest, began at the beginning of the Afghan and Iraq wars (2001 and 2003) due to expire at the end of the year, are alive and well, and won’t be rescinded after all.  Yay Chicago Neoliberal Ekonomists !  


HuffPo 11/10/10

White House Gives In On Bush Tax Cuts

http://www.huffingtonpost.com/…

“We have to deal with the world as we find it,” Axelrod said during an unusually candid and reflective 90-minute interview in his office, steps away from the Oval Office. “The world of what it takes to get this done.”

“There are concerns,” he added, that Congress will continue to kick the can down the road in the future by passing temporary extensions for the wealthy time and time again. “But I don’t want to trade away security for the middle class in order to make that point.”

Axelrod said the President would not comment on the Deficit, aka the Catfood Commision’s, draconium domestic spending cut proposals until the report is formally finished and presented on December 1.  A preliminary report by the Presidential appointed co chairs, Simpson and Bowles, was released earlier today.

https://www.docudharma.com/diar…

Oh, and that story I deconstructed earlier, https://www.docudharma.com/diar…      that the Cable News Peeps were sort of ignoring or downplaying earlier this evening, from Tuesday’s McClatchy, http://www.mcclatchydc.com/201… which quoted “administration and military officials”   about the change in the timeline for beginning withdrawal of troops from Afghanistan ? Axelrod walked it back.


Meanwhile, on the war in Afghanistan — an expensive and increasingly unpopular conflict — Axelrod pushed back hard against the notion, floated in some recent stories quoting “senior administration sources,” that the deadline for beginning troop withdrawals had been pushed back from July 2011 to some time in 2014.

“If it is being sourced to senior administration officials, than someone has bad administration sources,” Axelrod said. “There is no change in the president’s position. There is no change in that basic commitment.”

http://www.huffingtonpost.com/…

Well, look at the McClatchy story link again.


….administration and military officials have told McClatchy.

So far, the U.S. Central Command, the military division that oversees Afghanistan operations, hasn’t submitted any kind of withdrawal order for forces for the July deadline, two of those officials told McClatchy.

…. said one senior administration official.

….. one Pentagon advisor said

…. on Tuesday, a White House official who spoke with reporters in a conference call

“Bad administration sources ?”

This was a very coordinated trial balloon that fell like a lump of lead.  Or the guy left babysitting the press at the Oval Office in DC, Axelrod, is either out of the loop, or trying to spin it as nothing to see here.

Axelrod has lots of practice at spinning. In March 2008, Businessweek wrote “The Secret Side of David Axelrod, a master of astroturfing who has a second firm that shapes public opinion for corporations.”

The website is here http://askps.com/whatwedo.php  altho Axelrod’s name is not on the masthead now, they continue to specialize in “a disciplined focus on message development and message delivery.”  And they create lots of front groups for clients to do that.


March 2008

http://www.businessweek.com/bw…

From the same address in Chicago’s River North neighborhood, Axelrod operates a second business, ASK Public Strategies, that discreetly plots strategy and advertising campaigns for corporate clients to tilt public opinion their way. He and his partners consider virtually everything about ASK to be top secret, from its client roster and revenue to even the number of its employees. But customers and public records confirm that it has quarterbacked campaigns for the Chicago Children’s Museum, ComEd, Cablevision, and AT&T.

Eric Sedler, 39, a former public relations director at AT&T and corporate-reputation specialist at PR giant Edelman, is the “S” in ASK and the company’s managing partner. The “K” is John Kupper, 51, a former congressional press secretary and ad-industry consultant…

In politics, Axelrod’s AKP&D is as partisan as they come. But ASK travels easily across the aisle. Gene Reineke, head of Hill & Knowlton’s Chicago office and former chief of staff for Republican Governor Jim Edgar, says his PR firm shared ComEd as a client and now works with ASK on the Children’s Museum. “Their firm is outstanding,” he says. “I think it’s one of the best in the field, to be honest.”

Here’s another version, in the New York Times, with names you might recognize.  Of course they were out of the bleeping country when they said it.  Maybe we should check with Julian Assange of wikileaks ?


US Tweaks Message on Troops in Afghanistan

http://www.nytimes.com/2010/11…

Nov 10, 2010 By Elisabeth Bumiller

In a move away from President Obama’s deadline of July 2011 for the start of an American drawdown from Afghanistan, Defense Secretary Robert M. Gates, Secretary of State Hillary Rodham Clinton and Adm. Mike Mullen, the chairman of the Joint Chiefs of Staff, all cited 2014 this week as the key date for handing over the defense of Afghanistan to the Afghans themselves. Implicit in their message, delivered at a security and diplomatic conference in Australia, was that the United States would be fighting the Taliban in Afghanistan for at least four more years.

The 2014 date will be a focus at a NATO summit meeting that Mr. Obama is to attend next week in Lisbon, Portugal, where the alliance is to be presented with a transition plan, drawn up by Gen. David H. Petraeus, the top NATO commander in Afghanistan, that calls for a gradual four-year shifting of security responsibility to the Afghans. Administration officials said that the document had no timetable for specific numbers of troop withdrawals and instead set forth the conditions that had to be met in crucial provinces before NATO forces could hand off security to the Afghans.

per the NYT, another “WH spokesman,” Tommy Vietor, insisted that there had been absolutely “no change” to the original drawdown policy.   And a “White House official” said that “we’re bringing some clarity to the policy of our future in Afghanistan.”

To paraphrase Bush’s Secretary of Unpreparedness, Rumsfeld:

You go to war with the tax rate you have, not the tax rate you might want or wish to have at a later time.

Even if it will add $700 billion more to that deficit the Republicans and the Catfood Commisssion are baying about.

______

update Thurs And we already have some “Democratic” Senators indicating a willingness to put Social Security on the table because of their “concern” for the deficit.


http://thehill.com/blogs/blog-…

Sen. Tom Udall (D-N.M.) on Thursday said Congress should consider all of the proposals coming from President Obama’s fiscal commission, including the controversial proposals to reform Social Security.

In a phone interview with The Hill, Udall said the 50-page proposal released Wednesday by former Clinton White House Chief of Staff Erskine Bowles and former Sen. Alan Simpson (R-Wyo.), the chairmen of the National Commission on Fiscal Responsibility and Reform, should be seriously considered even though “none of them are going to be very popular.”

“This is going to be a very painful process. But we must bring down the deficit and the debt, and everything needs to be on the table.

Blue Texan at FDL asks   “If the White House Gets Rolled by the GOP on Tax Cuts, What’s the Point of Voting for Democrats ?”

_______

edited to add link to orig story Huffpo

and links to business week article on Axelrod and his old PR firm, ASK

edited thurs to add link from The Hill about Udall and from FDL

Gibbs: Prez could do Bush Tax Cut for Rich. Orszag: “Save” SocSec by Cutting It

More post election incompetence.

They forgot.  In the good cop, bad cop routine, one of them is supposed to be the “good cop.”  

White House Press Secretary Robert Gibbs starts off the Lame Duck post election session:


http://www.huffingtonpost.com/…

“He would be open to having that discussion and open to listening to what the debate is on both sides of that,” said Gibbs, during an off-camera gaggle with reporters. “Obviously… making those tax cuts for the upper end permanent is something the president does not believe is a good idea.”

The issue, Gibbs said, will be a topic of discussion when the president convenes a bipartisan meeting of lawmakers at the White House in two weeks. Included in that meeting (and working dinner) will be Speaker Nancy Pelosi (D-Cali.), incoming Speaker John Boehner (R-Ohio), Majority Leader Steny Hoyer (D-MD), incoming Majority Leader Eric Cantor (R-Va.), Senate Majority Leader Harry Reid (D-Nev.), Majority Whip Dick Durbin (D-Ill.), Senate Minority Leader Mitch McConnell (R-Ky), and Minority Whip Jon Kyl (R-Ariz.).

At his press conference on Wednesday, the president expressed his first openness to date with the process of negotiating on the Bush tax cuts, which are set to expire at the end of the year.

Meanwhile, Peter Orszag, right wing neocon, concern troll “deficit spending hawk,” Wall Street mouthpiece, and former Obama Administration head of Office of Budget and Management (OMB)  writes in the New York Times the day after the election, November 3, that the harvest of the last of the middle and working class entitlement programs can’t begin fast enough for his new right wing think tank benefactors at the Council on Foreign Relations.  

Schwarzenegger: “I’ll take my toys and go home”: Updated!

Leadership is stated as the “process of social influence in which one person can enlist the aid and support of others in the accomplishment of a common task.”

What makes leadership is the ability to get people to do what they don’t want to do and like it. ~ Harry Truman

Apparently those inspirational words have been lost on California’s Governor. Swept into office on a wave of Republican propaganda and manufactured resentment of the status quo our current debacle sitting in the Capitol has managed to blame everyone else for his shortcomings.

“If I don’t get all of the things that we need in order to be fiscally responsible … I will not sign a budget and it could actually drag out until the next governor gets into office,” Schwarzenegger told reporters after meeting with the Los Angeles Area Chamber of Commerce on Monday.

“Only the little people — should — pay taxes.” Right?

[BP Chairman, Carl-Henric Svanberg] is no different than other corporate elitists who are surrounded by evidence of what they see as their superiority. Leona Helmsley referenced us when she said, “Only the little people pay taxes.”

But this time, the truth cannot be hidden. The real evidence of what he and much of the corporate plutocracy thinks of us will be apparent to the residents of the gulf coast and likely well beyond for decades.

Is Financial Reform Good for the “Small People?”

George Mantor, RISMEDIA, 06/22/10

Only the little people pay taxes”   So says former Queen of the Elites.

Afterall, SOMEONE has to pay.

And we shouldn’t expect the Corporations and Millionaires to carry that weight —

They’re too busy Downsizing the Life out of the Economy, to be saddled with the burden, of paying for the Bush Years.

They really, really need that Bush Tax Cut ‘Free Ride’ to CONTINUE —

Or they just might LET the Economy GET EVEN Worse.

Best we not test them, eh?   Or they really might ef-it-up!

BRILLIANT! Pelosi forces vote on TaxCuts for Job Outsourcers, Idiots fall for it hook line & sinker

Speaker Pelosi pulled a brilliant move at the end of the last weeks legislative session.

   House Democrats are home for a long Memorial Day break with a gift-wrapped wedge issue delivered just in time for district campaigning. One of their final actions before adjourning late Friday was passing a measure that would strip tax breaks for companies that ship jobs overseas by a 215-204 vote.

talkingpointsmemo.com

  The Grand Outsourcing Party. Expect Dems to run on this come election time.

More brilliance below the fold.

Forced To Sacrifice: Stimulus

These types of announcements have been coming now on an almost regular basis and not only as to the States leaders but out of the Veterans Administration as to Stimulus money, some with added budget funds if there, being used to add VA Clinics, new VA Hospitals or upgrade those already in existence, State and Federal Veterans Cemeteries expansions and new ones.

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