Tag: taxes

Understanding the Fiscal Cliff (In 2 Minutes 30 Seconds)

ROBERT B. REICH – MAKE REPUBLICANS VOTE ON EXTENDING THE TAX CUTS JUST FOR THE MIDDLE CLASS. After all the Bush tax cuts expire, have Republicans vote on an extending the Bush tax cut just for the middle-class. If they refuse and try to hold those tax cuts hostage to tax cuts for the wealthy, it will show whose side they’re on. They’ll pay the price in 2014.

How to Divest from Armageddon

PATRICK HILLER – In 1951 the U.S. gs partovernment’s Civil Defense Branch produced the film Duck and Cover. … Even at that time the usefulness of the proposed duck-and-cover maneuver in the face of the utter annihilation arising from a nuclear blast was questioned.

Comparing the Social Security Shortfall and the Cost of the Bush Tax Cuts

KATHY RUFFING – Social Security’s trustees recently reported that — over the next 75 years — Social Security will have a shortfall of 2.67 percent of taxable payroll, or 1 percent of Gross Domestic Product (GDP). That is, raising taxes by an average of 1 percent of GDP could put Social Security on a sound footing over 75 years. How does that compare with the stakes involved with extending President Bush’s tax cuts?

Walmart Heirs Have Net Worth Equal to All the Bottom 30 Percent of Americans

PAT GARAFALO – Income inequality in the U.S. is currently the highest its been since the 1920s, with the 400 richest Americans (who are all billionaires) having as much wealth as the bottom 50 percent of Americans combined. And as it turns out, just one wealthy family has managed to amass a fortune equal to that of the combined net worth of the bottom 30 percent of Americans — the Waltons, heirs to the Walmart fortune

Occupy Our Homes

J.A. MYERSON – Yesterday, no one had lived in 702 Vermont Street for three years. Vermont Street sits in East New York, the Brooklyn neighborhood where foreclosures are five times more frequent than in the rest of the state. Today, Alfredo and Tasha and their son and daughter moved in, with the help of a number of friends whom they’d never met. Some were from the advocacy groups Picture the Homeless and Vocal New York, others were clergy or members of the city council.

Occupy the Next Level: Four Ideas for the Movement

JOSH HEALEY – Over the last two weeks, mayors across the country (apparently coordinated by the FBI) shut down many of the largest Occupy encampments, including in New York, Oakland, Portland, Salt Lake City, Atlanta, and more. Police arrested hundreds of peaceful activists, inevitably leaving clouds of pepper spray and millions of dollars in their wake. While I fully condemn the police raids, I also think they offer us an opportunity to move to the next stage: it’s time to Occupy more than just tents.

Don’t Sit This One Out – What’s Your Vision for Occupy Wall Street?

MICHAEL MOORE – This past weekend I participated in a four-hour meeting of Occupy Wall Street activists whose job it is to come up with the vision and goals of the movement. It was attended by 40+ people and the discussion was both inspiring and invigorating. Here is what we ended up proposing as the movement’s “vision statement” to the General Assembly of Occupy Wall Street:

Occupy Wall Street: The Most Important Thing in the World Now

NAOMI KLEIN – I was honored to be invited to speak at Occupy Wall Street on Thursday night. Since amplification is (disgracefully) banned, and everything I say will have to be repeated by hundreds of people so others can hear (a k a “the human microphone”), what I actually say at Liberty Plaza will have to be very short. With that in mind, here is the longer, uncut version of the speech.

Fund Our Communities – Bring Our War Dollars Home

PEACE ACTION – U.S. military spending is higher than it has been since World War II, at a level difficult to justify by any threats to the American people. A close look at U.S. military spending shows that it is directed toward threats posed by conventional opponents such as the Soviet Union. That is, we are preparing to fight the last war.

Analysis of the FY 2011 Federal Budget Agreement

JO COMERFORD – [Today is Tax Day. It seems appropriate for Americans to know what their government is using their money for. Here is a comprehensive summary. – Editor]

Six months after the start of the current fiscal year (FY2011), congressional leaders and President Obama have reached agreement on a budget for the second half of the year. In all the deal provides just over $1 trillion in spending over the last six months of the year, a cut of roughly $40 billion from FY2010 levels.

Youth or Nukes – Where Are Our Priorities?

ROBERT DODGE, MD – The United Nations General Assembly has proclaimed 2011 the International Year of Youth. This is in recognition of children’s rights throughout the world and to realize the potential of children everywhere. The resolution proclaiming the Year signifies the importance the international community places on integrating youth-related issues into global, regional, and national development agendas. Under the theme “Dialogue and Mutual Understanding,” the Year aims to promote the ideals of peace, respect for human rights and solidarity across generations, cultures, religions and civilizations.

As Climate Crime Continues, Who’s Going to Jail? Tim DeChristopher?

BILL MCKIBBEN – Let’s consider for a moment the targets the federal government chooses to make an example of. So far, no bankers have been charged, despite the unmitigated greed that nearly brought the world economy down. No coal or oil execs have been charged, despite fouling the entire atmosphere and putting civilization as we know it at risk. But engage in creative protest that mildly disrupts the efficient sell-off of our landscape to oil and gas barons? As Tim DeChristopher found out on March 3, that’ll get you not just a week in court, but potentially a long stretch in the pen.

NPP Analyses Obama’s FY 2012 Budget Request

JOE COMERFORD – On February 14, the White House released the Obama Administration’s budget request for Fiscal Year 2012, which begins on October 1, 2011. As expected, the estimated $3.7 trillion FY2012 request contains a number of critical policy and fiscal goals, including:

Reducing the government’s annual deficit by placing a five-year freeze on so-called “non-security” discretionary spending, while eliminating a series of fossil fuel-related tax breaks and projecting an end to the Bush-era tax cuts for the wealthiest Americans in 2012;

Investing in education, with a goal of training more than 100,000 new science, technology, engineering and math teachers over the next decade;

Rebuilding the nation’s infrastructure with a substantial infusion of federal funds into high-speed rail, nationwide wireless, the creation of a National Infrastructure Bank, and a $28.6 billion (68%) increase in highway planning and construction; and

Promoting clean energy technology with the goal of one million electric vehicles on the road by 2015.

Where’s the Money?

CRAIG CLINE: On January 4th, the Statesman Journal ran an Associated Press article entitled: “Most state budgets on path to even leaner times.” The Center on Budget and Policy Priorities reports that state budgets are likely to fall $180 billion short for the new fiscal year. According to the Pew Center on the States, our own Oregon is ninth among the ten “worst” states, and 30th among all states, with a 14.5 percent budget gap for 2009-10 (as of July 2009).