Another False Clinton Mailer.

Another state, another patently false mailer. According to TPM‘s Greg Sargent, the Clinton campaign has now blanketed Nevada with the negative mailer above, one which (once again) falsely distorts Senator Obama’s record. It reads: “Nevada families need to keep more of their hard-earned dollars not less…we need a president that will help hard-working families keep more of what they earn.”

It then goes on to read: “Barack Obama. A plan with a trillion-dollar tax increase on America’s hard-working families. Lifting the cap on Social Security taxes to send more of Nevada families’ hard-earned dollars to Washington. Senator Obama said “I think that lifting the cap [on Social Security taxes] is probably going to be the best option.“

So, what’s the problem here? Mainly this: Only somebody who hangs out with the monied likes of Robert Johnson all day could honestly think Senator Obama’s plan involves a tax increase for “hard-working families.” Let’s let Senator Obama explain it:

“Now there’s one more way of solving the problem. And that is raising the cap on the payroll tax. Now what that means is, currently, you only pay Social Security on the first $97,000 of income. Now it turns out that here in Nevada, 97% of the people in Nevada make $97,000 a year or less. So essentially, everybody except 3% — if this was a random sample of Nevada, there are only about 3% of you who make more than that, everybody else, you gotta pay payroll tax on 100% of your income.

Now, what I’ve said is that what we should do is we should adjust the cap, so that billionaires like Warren Buffett are paying more, because right now they’re paying a fraction of 1% of their income to payroll tax. And my answer is, that’s not fair. Why would we have the wealthiest Americans pay such a smaller percentage of the payroll tax when everyone else is
paying basically 100%?

So I propose raising the cap. We might exempt middle class folks for maybe $97,000 for up to $200,000; there might be some exemptions, but those people are making over $200, $250,000, they can afford to pay a little more on payroll tax. So this is what I propose, this is what Senator Clinton is calling a trillion-dollar tax cut on hard-working Americans.”

So, which is it, then? Does Senator Clinton think the top 3% of Nevadans represents the “hard-working families” of the middle-class, or is this another blatant attempt at misinformation disguised to confuse voters about Obama’s real record? If I had to guess, I’m thinking this is the latter, and it’s another disgusting, GOP-worthy lowball.

Speaking of Reality Checks…

“‘Gender,’ writes Gloria Steinem on the op-ed page of the Jan. 8 New York Times, ‘is probably the most restricting force in American life.’ That is incorrect. Poverty is the most restricting force in American life. It’s become somewhat unfashionable to point this out, but I don’t see how it could be otherwise.” Slate‘s Tim Noah responds to Gloria Steinem, concluding that “Steinem was willing to torture logic on the Clintons’ behalf a decade ago; she’s willing to do the same today.” (Off-topic and apropos of nothing, did y’all know that Steinem is Christian Bale’s stepmother? Like the Figwit-Conchord connection, I learned this just recently. The world is a pretty small place sometimes.)

…and the Dems, Bought and Paid For.

“The wealthiest 1 percent of Americans earn more than 21 percent of all income. That’s a postwar record. The bottom 50 percent of all Americans, when all their wages are combined, earn just 12.8 percent of the nation’s income…If the Democrats stand for anything, it’s a fair allocation of the responsibility for paying the costs of maintaining this nation. So far, neither the Democratic candidates for president nor the Senate Democrats have shown much eagerness to advocate this fundamental principle. It seems the rich have bought them out.” Former Secretary of Labor Robert Reich laments the cooptation of the Democrats by the super-rich. “It turns out that Democrats are getting more campaign contributions these days from hedge-fund and private-equity partners than Republicans are getting. In the run-up to the 2006 election, donations from hedge-fund employees were running better than 2-to-1 Democratic. The party doesn’t want to bite the hands that feed.“

The Republicans’ Wage War.

“[W]ages and salaries now make up the lowest share of the nation’s gross domestic product since the government began recording the data in 1947, while corporate profits have climbed to their highest share since the 1960’s.” An examination of the economy by the NYT reveals the bitter fruit of Dubyanomics for 90% of the nation: “At the very top of the income spectrum, many workers have continued to receive raises that outpace inflation, and the gains have been large enough to keep average income and consumer spending rising…[but e]ven for workers at the 90th percentile of earners — making about $80,000 a year — inflation has outpaced their pay increases over the last three years, according to the Labor Department.“

Estate of Confusion.

Pathetic…these guys really have no shame. In yet another desperate and disgusting bid to pamper the rich by stealing from the poor, Catkiller Frist and the Senate GOP try to game the Senate Dems into backing a repeal of the estate tax by coupling it with a long-overdue minimum wage hike. To put this ploy in perspective, a recent report “concluded that the estate tax reduction would cut government income by $753 billion in the first 10 years, forcing lower spending for Medicaid, food stamps and unemployment insurance, which help low-wage workers.” Update: Thankfully, the bill failed on a 56-42 cloture vote, three shorts shy of the necessary 60 (Catkiller switched his vote to enable reconsideration later.)

And, in quite related news, new Treasury Secretary Henry Paulson admits the Dubya economy has been leaving people behind: “‘Many aren’t seeing significant increases in their take-home pay. Their increases in wages are being eaten up by high energy prices and rising health care costs, among others.’“

The Sheltering Sky.

“‘The universe of offshore tax cheating has become so large that no one, not even the United States government, could go after all of it.” A new Senate report delves into offshore tax shelter schemes by extremely wealthy individuals, ones which cost the American public billions in federal tax revenues (and which often utilized fronts based in the Isle of Man, once the long-time home of my now-deceased English grandparents.) “‘We need to significantly strengthen the aiding and abetting statutes to get at the lawyers and accountants and other advisers who enable this cheating,’ Senator Levin said, adding that ‘we need major changes in law to stop the use of tax havens’ by tax cheats.”

Post-Borns in Poverty = Evildoers?

So, the pre-born aside, how does Dubya feel about the plight of actual, honest-to-goodness post-born American kids living in poverty these days? Well, judging from his recent statements on poverty, or complete and utter lack thereof since Katrina faded from public memory, he couldn’t care less. “Domestic poverty did not come up in his State of the Union address in January, and his most recent budget included no new initiatives directed at the poor.”

Minimum humanity…

Forced to capitulate somewhat on the estate tax in the House, the Republicans nevertheless illustrated anew their grotesque economic priorities in the Senate by voting down a raise in the minimum wage (Still at $5.15, it hasn’t been raised in nine years.) “Just last week, the House rejected an effort to block a $3,300 annual increase in the base salary for a member of Congress. If the raise goes through, rank-and-file members will earn $168,500 — a $31,600 increase since the last minimum-wage increase was enacted in 1997.“

The Softer Name of Revenue.

“‘If you want to look at why the Republican Party is down in the dumps and why the president’s numbers are down in the dumps,’ Sen. Charles Schumer (D-N.Y.) said this afternoon, ‘it’s that the American people are beginning to understand that when they talk about tax cuts, they’re not talking about helping middle-class people. They’re talking about helping the wealthiest corporations and individuals among us.’” True, that. And, since Dubya signed the dividend tax giveaway extension into law this afternoon, the Dems now have another potent issue in their arsenal through November. “‘Today’s really a good day to be a millionaire, but it’s a bad day if you want to be a millionaire,’ Senate Democratic Leader Harry Reid (Nev.) said at a news conference minutes after Bush signed the bill.”

Taxing Days for the GOP.

“‘The point is the preponderance of these revenues will go to upper-income people, people who make a million dollars or more,’ Sen. Olympia J. Snowe (R-Maine) said yesterday. ‘It’s a question of priorities.‘” Nevertheless, as expected, House and Senate GOP leaders strike a deal to extend Dubya’s tax breaks for the wealthy to 2010, with the House passing their end 244-185 today. Well, this tax gambit may help the GOP with their base among the “haves and have-mores,” I guess, but I really don’t see how this will stop the GOP’s 14-point freefall across the rest of the country. Update: The Senate follows suit, 54-44.