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Showing blog posts tagged with corporate wealth

Something Tells Us Tax Dodgers Are in No Hurry to 'Fix the Debt'

Ladies and gentleman, meet the tax-dodging gazillionaires behind Fix the Debt, a billionaire-funded group of millionaire CEOs trying to take away your retirement security and raise your effective tax rate while lowering their own tax liability.

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!

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American Crossroads President Falsely Claims Unions Spend More Than Super PACs

Steven Law's claims that unions spend more than Super PACs in elections is pretty interesting math.

Some folks have been trying to make political hay with the easy availability of union financial information. As noted in an earlier post, however, The Wall Street Journal’s methodology in “discovering” the levels of labor union spending was fatally flawed and painted a false (and politically advantageous) picture.

And now Steven Law, the president of American Crossroads, a Republican super PAC, is using ridiculous fictions to try to defend the activities of the Karl Rove-backed group, claiming that the hundreds of millions of dollars that American Crossroads will spend on the election will somehow be dwarfed by what unions will spend.  

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Supreme Court Refuses to Allow Montana to Impose Limits on Independent Election Spending

Lost in the barrage of news coverage about the Arizona law yesterday was the fact that the U.S. Supreme Court refused to allow Montana or any other state to impose limits on independent election spending because of the 2010 Citizens United v. Federal Election Commission ruling. Montana had a 100-year law on the books that restricted corporate spending on elections.

A New York Times editorial addressed concerns over the Supreme Court’s decision:

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Occupy Wall Street: ‘Working Families Are Struggling’

 

Ja-Rei Wang, AFL-CIO Media Outreach fellow, writes about her experience with Occupy Wall Street in New York City.

I was one of more than 1,000 students, working families, parents, freelance artists, union members, health care providers and immigrants who weaved through Manhattan’s sidewalks to Washington Square Park to protest the growing wealth inequality in our country, rising unemployment, powerful corporate influence on politics and the need for financial reform, among other concerns. The marching contingent was made up of a diverse group of people of all ages, genders and ethnicities taking part over the weekend in Occupy Wall Street’s “International Day of Action.”

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