Hundreds of workers descended on the California state Capitol yesterday as part of the California Labor Federation’s legislative conference lobby day with a simple message for both Democrats and Republicans in office: “End the Corporate Gravy Train.” They were referring to the state’s wasteful enterprise zone program, which takes money away from schools, infrastructure and other valuable services to line the pockets of corporate CEOs at Walmart and other large, profitable corporations.
Fix the Debt bills itself as a “non-partisan movement to put America on a better fiscal and economic path.” However, the group touts a non-specific tax plan that members are calling “Simpson-Bowles Plus,” a plan that cuts Social Security and Medicare benefits, guts tax credits and benefits that many working families rely on, widens tax incentives for corporations to offshore jobs and lowers tax rates for corporations and the wealthy. Basically, it’s a wish list for millionaire CEOs!
Remember the state fiscal crisis, when state treasuries were running out of money because revenues (aka taxes) were down and cuts to education, health care, public safety and roads were the flavor of the day?
One of the little known factors behind this loss of revenue to state treasuries—and this is hard to believe—is that in 19 states, with Pennsylvania on the verge of becoming number 20, corporations are pocketing workers’ state income taxes instead of sending the weekly withholding to the state where it could be used to help pay for education, health care, public safety and roads.
Palermo’s Pizza, where workers have been on strike since June 1 protesting unfair labor practices, has received some $26 million in local, state and federal funds since 2005. The majority of funds were earmarked for job creation and economic development. But a new report from the AFL-CIO Center for Strategic Research finds little evidence Palermo's has kept its word.
Released today in Milwaukee, “Too Much Pork in the Pepperoni Pizza?” finds that because of the lack of transparency and accountability on the part of Wisconsin Economic Development Corp. (WEDC), which administered much of Palermo’s corporate welfare, “We can’t know whether Palermo’s has kept its promise.”
If the bad guys in the classic movie, “Treasure of the Sierra Madre,” had been corporate apologists or obnoxious Trump-like rich tycoons, the classic line about badges might read this way, “Government? We don’t need no stinkin’ government.”
In a column on AlterNet Paul Buchheit dispels what he calls “the bull of Wall Street” and cites five good reasons why the super-rich and big business may need government more than the rest us.
We regularly hear variations on that theme from the wealthy in the form of the tired old saw “I made it on my own…didn’t need any government help.” Corporate CEO’s and lobbyists rail against rules and regulations that supposedly stifle entrepreneurship and eat profits.