Curiouser and curiouser…Already inexorably tied to Boss DeLay and Grover Norquist, “Casino Jack” Abramoff also boasted of a direct connection to Karl Rove two years ago, while helping Tyco and other corporate conglomerates try to avoid tax penalties for moving their operations overseas. Boy, pull at one brick in this rotten edifice of right-wing cronyism and the whole darned structure threatens to topple.
Category: Taxes
Release the Hounds.
With the administration’s numbers in a continuing death spiral ever since their sheer incompetence, blatant cronyism, and general heartlessness was exposed by Katrina, several recent anti-Dubya speeches of note:
President Clinton: “Now, what Americans need to understand is that means every single day of the year, our Government goes into the market and borrows money from other countries to finance Iraq, Afghanistan, Katrina, and our tax cuts. We have never done this before. Never in the history of our republic have we ever financed a conflict, military conflict, by borrowing money from somewhere else…We depend on Japan, China, the United Kingdom, Saudi Arabia, and Korea primarily to basically loan us money every day of the year to cover my tax cut and these conflicts and Katrina. I don’t think it makes any sense. I think it’s wrong.“
John Kerry: “‘Brownie is to Katrina what Paul Bremer is to peace in Iraq, what George Tenet is to slam-dunk intelligence, what Paul Wolfowitz is to parades paved with flowers in Baghdad, what Dick Cheney is to visionary energy policy, what Donald Rumsfeld is to basic war planning, what Tom DeLay is to ethics and what George Bush is to ‘Mission Accomplished’ and ‘Wanted Dead or Alive.‘”
John Edwards: “I might have missed something, but I don’t think the president ever talked about putting a cap on the salaries of the CEOs of Halliburton and the other companies . . . who are getting all these contracts…This president, who never met an earmark he wouldn’t approve or a millionaire’s tax cut he wouldn’t promote, decided to slash wages for the least of us and the most vulnerable.“
Bill Maher: (I forgot where I saw this one first, but it’s a toss-up between Booknotes and Follow Me Here.) “On your watch, we’ve lost almost all of our allies, the surplus, four airliners, two trade centers, a piece of the Pentagon and the City of New Orleans. Maybe you’re just not lucky. I’m not saying you don’t love this country. I’m just wondering how much worse it could be if you were on the other side. So, yes, God does speak to you. What he is saying is: ‘Take a hint.’ “
Estate of Denial.
“‘The entire fiscal landscape has been transformed in the last week…The entire Republican agenda of tax cuts, Social Security reform and big spending on pet Republican projects is over. Events do eventually have an impact on Capitol Hill.'” The Congressional GOP confront the realization that they’ll likely be forced to postpone their ill-advised tax cut dreams in light of Katrina. Nevertheless, Catkiller Frist is undeterred, and still plans to attempt a repeal of the estate tax when Congress convenes next week…cause, y’know, the nation’s millionaires are suffering. Update: Frist backs down (for now.) AP and the NYT has more.
And they’re off.
“‘We can’t afford to be anti-, against everything,’ Mr. Vilsack said. ‘America is waiting for us. They are desperate to know what we are for.’” Democratic presidential hopefuls — including Hillary Clinton, Mark Warner, Evan Bayh, and Tom Vilsack — sound centrist themes and an end to internecine conflict before the DLC. And, in related news, congressional Dems finally propose an alternative to Dubya’s Social Security privatization plan with Amerisave. The plan would “increase incentives for middle-class workers to participate in 401(k) retirement accounts and individual retirement accounts [and] create tax credits for small businesses that set up retirement accounts for their employees.” Update: So much for Dem unity.
Puppets of Industry.
“Fortune 500 companies that invested millions of dollars in electing Republicans are emerging as the earliest beneficiaries of a government controlled by President Bush and the largest GOP House and Senate majority in a half century…Bush and his congressional allies are looking to pass legal protections for drug companies, doctors, gun manufacturers and asbestos makers, as well as tax breaks for all companies and energy-related assistance sought by the oil and gas industry.” In the stating the obvious department, the Washington Post discovers the Republicans are in the thrall of corporate power.
Time to Face the Music.
“‘The large deficits and apparent inability of Republicans to constrain spending has made it impossible for sensible folks to advocate’ big tax cuts, said Kevin A. Hassett of the conservative American Enterprise Institute. ‘Sooner or later. government has to pay for everything.'” In the face of rampant Dubya deficits, the GOP strains toward a moment of clarity and takes further tax cuts off the table for the time being. (Indeed, to the dismay of Grover Norquist, some Republican Senators, including Lindsey Graham (R-SC), are even considering raising taxes.) Reality bites, doesn’t it?
The Atkins Congress.
“Senator Charles E. Grassley needed every possible vote to pass his mammoth corporate tax bill. So he was more than willing to accept Zell Miller’s plea on behalf of imported ceiling fans…[This] provision is just one tiny example of how the need to solve a narrow tax problem in 2002 gave birth to the biggest free-for-all in corporate lobbying that Congress has experienced in nearly 20 years.” The NYT conducts a post-mortem of the pork-bloated corporate tax legislation passed by Congress on Monday.
Bringing Home the Bacon.
Looking to recess in time for some electioneering, the House and Senate both pass a pork-swollen corporate tax measure by comfortable margins. “[C]ritics — including budget watchdogs, liberal activists and Treasury Secretary John W. Snow — decried what they saw as a cornucopia of special-interest tax cuts that would complicate the tax code, favor companies doing business overseas and ultimately worsen the budget deficit. Sen. John McCain (R-Ariz.) pronounced it ‘disgraceful’ and ‘a classic example of the special interests prevailing over the people’s interest.'”
Gimme Shelter.
True to form, “House Republicans are working to eliminate or dilute provisions in a new corporate tax bill aimed at cracking down on illegal shelters.” This despite the fact that a “study last week by Citizens for Tax Justice, a liberal research organization, reported that 82 of the nation’s most profitable companies paid no corporate taxes in at least one of the last three years.” Say what they will about Dubyanomics, it is patently obvious once again that the Republican Party does not represent the best interests of you, I, or the vast majority of this nation. Vote ’em out, already.
The Rich Get Richer.
Not content with the elements of freak-show conservatism in his acceptance speech or the flattening effect of Dubya’s giveaways to the rich in recent years, Dubya is now threatening an official flat tax (not unlike the one imposed by fiat on Iraq last November.) As even Phil Gramm attested eight years ago, “It’s not fair to say that people who work with their head or with their hands ought to pay taxes, but people who earn their living with their capital ought not to.”