Why You Should Attend An Occupy Meeting

Please forward this to friends, relatives, “centrists” and conservatives you know. You may have heard about the “Occupy” protests that are occurring in cities around the country. They aren’t what you are hearing. Please come to one and see for yourself. If you are young, old, white, black, brown, poor, rich, left, right, centrist, even Tea Party you will find people just like you. You might agree, you might disagree, you might love it, you might hate it, but you owe it to yourself to come and see for yourself.
A lot of people feel frustration with the huge and increasing gap between the rich and the poor and the effect this is having on our country, culture, politics and the way we relate to each other as Americans. It seems like everything in the country is now geared toward the top 1%, and the rest of us are divided and supposed to keep quiet and accept this. Somehow the Occupy movement started at just the right time, when just the right number of people were fed up with the way things are going and the lack of solutions coming from our political leaders. It grew quickly, because people were tired of keeping quiet while our government seems to operate only for the benefit of the top few and expects the rest of us to sacrifice to pay for that.
This all brings us a chance to restore democracy not just in our communities, but within ourselves. By attending and participating, we are exercising the “muscles” of democracy, of speaking up and being part of something. The thing is, you won’t just see it, you’ll feel it. You’ll feel what it is like to have so many people around you who agree with you. You’ll feel what it is like to be part of something important.
How To Find One Near You
The “Occupy” movement has now been going on for just over six weeks, and has spread to hundreds of towns across the country. You can probably find one near you. Start at Occupy Together which is at http://www.occupytogether.org/. Take a look at the page where they show you what is happening in your area, using a map. Also, try typing ‘Occupy’ and the name of your town into Google just to see what pops up.
Also see them on Facebook, at http://www.facebook.com/occupyeverywhere, and http://www.facebook.com/Gilded.Age . Also visit the Rebuild the Dream movement, and, of course, MoveOn.org.
So now that you know where one is, come on down, and see for yourself. If you need a ride ask your niece or your aunt. If your aunt needs a ride, give her a ride.
What To Expect
Warning, there might be some people with beards, and God forbid, drum circles.
People are out there speaking for themselves, and learning how to be citizens again, instead of just consumers. This will have a lot of interesting outcomes, most of them good, some of them won’t work out. But it will be people who want to be involved again.
Depending on your community, there will likely be a turnout of some people with signs and leaflets, maybe some people set up with tables to do things like register people to vote, organizations with literature, groups that know each other, people who don’t know each other standing around, etc. There will be a diversity people people.
These events are self-organizing, no one is “running” these events, but volunteers will be helping to organize them. The character of the event completely depends on who shows up, who volunteers to help run it, and how much the people speak up. So it’s up to you to do your part.
See the website How To Occupy and the Field Manual wiki.
Occupy events have a “General Assembly” meeting once or twice every day. In New York the meeting is at 7pm. At the recent Redwood City, CA Occupy event it was at about 6pm. As I said above, volunteers run things, which means that after you get to know the ropes you might want to volunteer.
From the Occupy Wall Street website:

The occupations around the world are being organized using a non-binding consensus based collective decision making tool known as a “people’s assembly”. To learn more about how to use this process to organize your local community to fight back against social injustice, please read this quick guide on group dynamics in people’s assemblies.

These meetings are the heart of the movement. Please come attend one, even if it is just to watch. You’ll feel what it is like to be say what is on your mind. (And you’ll feel what it is like to sit there while so many other people say what is on their minds. ;-) Don’t worry, it works, and people keep comments short.) This is what democracy looks like.
Occupy Redwood City
Friday I attended Occupy Redwood City (California), and took some pictures. It was the first Redwood City event, maybe 50 people showed up, and the General Assembly lasted a couple of hours. They’ll meet again next Friday, and probably should expect a lot more people now that it is up and in operation and people are telling each other about it. If 50 people doesn’t seem like a lot, this is not a huge city, and there are more than a hundred events like it going on, some with thousands of people turning out.

Scary, no? Especially the guy (me) with the little white dog. Was that a beard? Of, that first one is a short video, click here in case it doesn’t work in this post.
Don’t Let Them Scare You Away
Speaking of being scary: There will not be violence. This is a non-violent movement. The media outlets, talk show hosts, columnists, etc. that tell you there is violence are trying to keep you from showing up. They are trying to scare you. When they send large numbers of police to shoot tear gas into these events, it is an attempt to intimidate people, not just there but people who are thinking of showing up.
Another way they are trying to keep people from showing up is with humiliation. This is a remarkably effective technique. Make people ashamed to show up, tell them they will be laughed at, or shunned, and people will stay away. They tell you the “protesters” are “dirty,” even “urine-soaked.” They tell you they are “hippies” and thinkthis will make you ashamed to show up and speak your mind.
This is about what speech is “permissible” and what is not. The corporate-conservatives on the Supreme Court say that corporations are people who “speak” and can use all of their money to swamp our elections. But when people show up to complain about the 1% running everything, they are met with force. The big banks can crash the economy and commit crimes and are offered modest “settlements,” but when people show up to complain they are beaten, maced, tear-gassed and arrested.
Don’t let them make you feel scared or ashamed to stand up for your rights.
Show Up & See For Yourself
If you want democracy you have to fight for democracy. You have to stand up for your rights or they will go away. Please visit at least on Occupy event in your area, and see for yourself.
This post originally appeared at Campaign for America’s Future (CAF) at their Blog for OurFuture. I am a Fellow with CAF.
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Another Dedicated To #ows

Absolute must hear this: The Haunted Windchimes, A Ballad Of Human Progress:

Ballad of Human Progress
(I. Lujan)
There’s an old country road, leads to a river
An old wooden fence, surrounds all the sinners
Who stand by their graves
wonderin’ what they done wrong
There’s a train whistle blowing
Across a fiery dessert
In search for the New Land
There treacherous weather
Is headin’ for the mountain
To preach a brand new way
And it’s full of politicians, bankers and lawyers
A fast talking man, been armed to destroy us
And keep us from the truth
Consume, consume, consume.
Lies, lies
Don’t believe them, don’t believe them
and westward the head
Ravaging the villages
They burn all the dead
Their world is for the privileged
And you’re not one of them
You’re just a number
So they came up with races, boarders and fences
And job occupations, and classifications
Their aimed to conquer, divide, divide, divide
Lies, lies
Don’t believe them, don’t believe them
We’re just one race, one color, one number
We’re just one man, one father, one mother
We must unite, before they take our lives
……………………………………….

Plutocratic Government Tries To Beat Down #Occupy

In Oakland peaceful #Occupy demonstrators were camping out in front of city hall. The city launched a police raid to clear out the camp, using tear gas, flash-bank grenades, rubber bullets and beating people with batons. An Iraq war vet was hit in the head by either a rubber bullet or tear gas canister and critically injured. These days this is the typical government response to non-Tea-Party “protesters.” Let’s look at how the Occupiers and protests would be treated if we were a functioning democracy — a government of by and for We, the People — instead of a dysfunctional plutocracy serving the biggest corporations and the billionaires behind them.
Citizens?
The first thing to understand about every single person involved in the #occupy movement is that they are citizens and human beings. Even the ones with beards. Alas, even the drummers. (What do you call a drummer who breaks up with his girlfriend? Homeless. What do you call a drummer with half a brain? Gifted.)
The people involved in the #occupy movement are upset that our country has abandoned democracy in favor of plutocracy. They are upset that every decision made in Washington is based on the wishes of the top 1%. They are upset that we do not have a reasonable health care system, no reasonable pension system, or child care system, or other benefits that people in democracies around the world receive. They are upset that most of the benefits of our economy instead go to a very few at the top. They are upset that a huge amount of our money goes to pay for a military machines that costs more than all other countries spend on military combined. They are upset that there is a “Super Committee” meeting in secret to decide how much money to take out of the economy to pay for the bailouts and other costs of the fiasco caused by Wall Street and the big banks.
So with their government ignoring their majority demands they have finally decided to voice their protests publicly. For doing this they have been met with smears, derision, and police attacks.
Police Ordered To Attack
Just as in countries like Syria, Egypt, Libya and Iran, the instinctive response of our plutocratic government and Wall Street-backed power structures has been to see those people who have shown up at these protests as somehow suspect, possibly even as an enemy, and to attack them. FOX News and the entire corporate/conservative media machine regularly attacks them. And the police are ordered to attack them.
This is not “protesters vs police.” People who work in law enforcement are part of the 99%, just like us. They have families to feed, bills to pay, and have to do what they’re told.

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Source: http://twitpic.com/6s2g4a

And this is what they were ordered to do, to people who were exercising their legitimate rights:



American citizens were treated as criminals and attacked just for speaking out about the injustice of Wall Street getting a huge bailout after they caused this mess, and now the rest of us are told to sacrifice to pay for it.
John Stewart on The Daily Show reacts to the Oakland attack:

If We Were A Democracy Instead Of A Plutocracy
The occupy movement clashes with federal, state and local governments the way they currently work. We really have an opportunity here to come back to an understanding of democracy and the role of government, and who government should serve. Currently government is really set up to serve the top few, and facilitate bigger businesses, and understands the people in their communities as consumers and corporate employees, and not as citizens.
So imagine how it cold be different, if we had a government designed to serve the people rather than keep them in their place. In a country with a true democratic culture the local governments would be serving these people and honoring their right to dissent and protest. They would instinctively be showing up at protests like this and offering to help with any sanitation problems, etc, setting up public toilets, and other services. They would even be offering tents. If there are security problems in the occupy camps a city would be posting police in the encampment to help the people there, with a clear mission to serve them. They certainly would not be seeing them as the enemy, and attacking them.
Imagine Real Democracy and its Implications
The #occupy movement opens up the space to imagine what the country could be if we really did have a democracy with a first instinct of serving the people, instead of serving only the wealthy and their big corporations.
Imagine a government of, by and for the people and the things that regular people want and need. Imagine everyone entitled to a free education through college? Imagine a transportation system that helps us all get around — mass transit and high-speed rail systems instead of just roads and highways for those who can afford cars, with plutocratic pay lanes so those with more money can get around.
Imagine a people outraged at special passes through airport security for those with first-class tickets.
Imagine advertisers having to get people’s permission before they are allowed to interrupt their attention. Imagine the things we would have if We, the People were in charge.
Imagine a modern, maintained infrastructure, good schools, and a guarantee of a job working on those for any9one who needed work.
Imagine a government that enforced laws even when the top few violated them, enforced job discrimination laws, enforced anti-trust laws… or a government that protected citizens from corporate fraud, fees, scams, etc.
Occupiers Are People Too
These occupiers are “the people’ just as much as any other people in the community and government should exist to serve them just as much as any other group.
Alas, even the drummers.
This post originally appeared at Campaign for America’s Future (CAF) at their Blog for OurFuture. I am a Fellow with CAF.
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Adjourn And Appoint! We Can’t Wait – For Recess Appointments

The Republicans are obstructing the government from operating. Judges, appointees, NLRB members, etc. are blocked with the purpose of keeping government from doing its job. This is taking a terrible toll on We, the People. The President has the power to do something about it, and it is time for him to use that power.
The NLRB Example
According to the National Labor Relations Board (NLRB),

“Congress enacted the National Labor Relations Act (“NLRA”) in 1935 to protect the rights of employees and employers, to encourage collective bargaining, and to curtail certain private sector labor and management practices, which can harm the general welfare of workers, businesses and the U.S. economy.”

The law: The NLRB exists to protect employees and employers, to encourage collective bargaining and to certain private sector labor and management practices, which can harm the general welfare of workers, businesses and the U.S. economy.
But at the end of December the NLRB will again not have enough members for a quorum, and will be unable to make decisions. This is on purpose. Republicans have been blocking any appointments to NLRB in order to make this happen and prevent the Board from functioning. This will cause harm to the general the general welfare of workers, businesses and the U.S. economy.
A Look At One Case
Here is the kind of thing that’s going on because of this obstruction that is keeping the government from functioning. An example of the problems with the NLRB is the large backlog of cases, such as this one case that started in 2003. See this 2008 Variety story on the 2003 labor violation, NLRB rules against CNN, for background,

In a frequently scathing decision, a judge has ruled that CNN acted illegally and discriminatorily in terminating [in 2003] a subcontracting relationship with a firm that provided technical services in the cabler’s New York and D.C. bureaus.
Arthur J. Amchan, an administrative law judge of the National Labor Relations Board, ordered reinstatement with back pay for 110 dismissed workers. Amchan said the root of the trouble had been CNN’s desire to avoid bargaining with a union.
CNN denied the charges and said it will appeal the ruling to the full NLRB.

How bad was CNN?

In his ruling, Amchan found that unit to be “a sham” used to limit the hiring of any TVS workers in order to avoid having to negotiate with the NABET-CWA. The cabler’s ultimate motive was “to achieve a nonunion technical work force in its Washington, D.C., and New York bureaus,” said the judge, adding that CNN’s “widespread and egregious” actions constituted a violation of the National Labor Relations Act.

From Broadcast Union News, NLRB vs CNN/Team Video Update,

He [the judge] ordered the immediate reinstatement of the 110 workers who were not rehired through CNN’s scam hiring system, called for the restoration of the economic losses of all 250 workers and ordered CNN to recognize and bargain with NABET-CWA.

The judge declared that “CNN engaged in widespread and egregious misconduct, demonstrating a flagrant and general disregard” for workers’ rights.
So CNN appeals to the full NLRB, and Republicans make sure there isn’t a full NLRB. (The rules are if one party objects to the decision it is suspended until the full NLRB can hear it. The strategy is every employer objects, and the Republicans keep the NLRB from being able to hear cases and make rulings.)
Now it is 2011, closing in on 2012. 110 workers terminated in 2003 to block a union, a judge ordered them back, Republicans block the NLRB from operating, and like hundreds of other cases, this case sits in purgatory…
The Value Of Recess Appointments
The NLRB is again about to be prevented by obstruction from doing its job, operating to protect America’s employees and employers and to curtail certain private sector … practices, which can harm the general welfare of workers, businesses and the U.S. economy. The President has the power to keep the NLRB and other agencies operating, by making recess appointments to fill positions when Republicans are obstructing.
But President Obama has been reluctant to use his Presidential power to make recess appointments. In 2010, after waiting 14 months, President Obama finally, finally, finally, finally, finally made just a few recess appointements to get the government operating,

Here is what is going on. President Obama is way behind in nominating people to vacant posts and judgeships. On top of this the Republicans have used the filibuster to block many of the candidates that Obama has nominated. In the case of the Labor Board there were only two people left serving on the 5-member Board when 3 are required to make rulings, and some 600 cases have backed up.
… Such use of legitimate power to make the government operate as it should is also known as “governing.” Until today he has refused to use this power to get the government operating. Today he finally, finally, finally, finally put 15 people into positions where they can start getting their agencies operating.

Even that small gesture made a big difference to working Americans, which I wrote about in NLRB Success Shows Value Of Recess Appointments,

A government agency is blocked from functioning by obstructionist, party-over-country, Republican Senators. The President makes recess appointments to get government functioning again and the agency starts doing its job. The result: working people are protected. Today the NLRB issued modest new guidelines for union elections that will clear up many, many problems faced by employees.
… The Constitutional purpose of recess appointments is to keep government functioning. When vacancies are left unfilled it hurts all of us. But even though there are a large number of unfilled positions, many blocked by Senate Republicans, President Obama has made very few recess appointments. The result is a a public increasingly frustrated by the hobbled government.
President Bush made 171 recess appointments, Clinton 139. Bush used this power to appoint extremist ideologues, Clinton to get around Republican obstruction.
President Obama has been reluctant to govern make recess appointments because he does not want to upset the Republican opposition. He has made less than 40 such appointments so far.

The Constitutional Solution: Adjourn And Appoint
The NLRB, judges and other appointments are all being blocked by Republican filibusters. This is not politics, this is not bipartisanship, this is intentional obstruction to keep the government from operating. The Constitution foresaw this, and the President has a responsibility to apply the Constitution to do something about this. The Constitution gives the President the executive power. The President is supposed to do that job and use this power to get things done.
The Constitution is clear:
Article II Section 2: The President shall have Power to fill up all Vacancies that may happen during the Recess of the Senate, by granting Commissions which shall expire at the End of their next Session.
Article II Section 3: …he may, on extraordinary Occasions, convene both Houses, or either of them, and in Case of Disagreement between them, with Respect to the Time of Adjournment, he may adjourn them to such Time as he shall think proper;
If the House and Senate disagree on adjournment, the President can adjourn them. And when they are adjourned he can make recess appointments.
We can’t wait. We have an extraordinary situation here, where one of the parties, as a political strategy, is obstructing for the purpose of preventing the government from operating. It is the duty of the President to keep the government operating.
Mr. President, the next time the Congress recesses without recessing, adjourn them and appoint the necessary NLRB members, judges, etc to get this government back in operation for We, the People.

This post originally appeared at Campaign for America’s Future (CAF) at their Blog for OurFuture. I am a Fellow with CAF.
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People Distrust Government — Conservative Mission Accomplished

The corporate/conservative plan for decades has been to turn people against government and democracy. Because when people stop accepting the idea of We, the People making decisions, guess who gets to make the decisions instead? Last month a retiring GOP staffer explained how it works, this month a new poll show how well it works.
Distrust
NY Times today: New Poll Finds a Deep Distrust of Government,

Not only do 89 percent of Americans say they distrust government to do the right thing, but 74 percent say the country is on the wrong track and 84 percent disapprove of Congress — warnings for Democrats and Republicans alike.
… A remarkable sense of pessimism and skepticism was apparent in question after question in the survey, which found that Congressional approval has reached a new low at 9 percent.

The Gameplan
At the beginning of September a Republican Senate staffer retired, and wrote a widely-read “confession” that laid bare the conservative gameplan: turn people against government and democracy. In Goodbye to All That: Reflections of a GOP Operative Who Left the Cult, retiring Republican Congressional staffer Mike Lofgren wrote,

Far from being a rarity, virtually every bill, every nominee for Senate confirmation and every routine procedural motion is now subject to a Republican filibuster. Under the circumstances, it is no wonder that Washington is gridlocked: legislating has now become war minus the shooting, something one could have observed 80 years ago in the Reichstag of the Weimar Republic. As Hannah Arendt observed, a disciplined minority of totalitarians can use the instruments of democratic government to undermine democracy itself.
[. . .] A couple of years ago, a Republican committee staff director told me candidly (and proudly) what the method was to all this obstruction and disruption. Should Republicans succeed in obstructing the Senate from doing its job, it would further lower Congress’s generic favorability rating among the American people. By sabotaging the reputation of an institution of government, the party that is programmatically against government would come out the relative winner.
A deeply cynical tactic, to be sure, but a psychologically insightful one that plays on the weaknesses both of the voting public and the news media. There are tens of millions of low-information voters who hardly know which party controls which branch of government, let alone which party is pursuing a particular legislative tactic. These voters’ confusion over who did what allows them to form the conclusion that “they are all crooks,” and that “government is no good,” further leading them to think, “a plague on both your houses” and “the parties are like two kids in a school yard.” This ill-informed public cynicism, in its turn, further intensifies the long-term decline in public trust in government that has been taking place since the early 1960s – a distrust that has been stoked by Republican rhetoric at every turn (“Government is the problem,” declared Ronald Reagan in 1980).

Please read the whole piece. This Republican, writing from the inside, explains that they are doing it on purpose. They are making the government dysfunctional on purpose. They are making people hate government on purpose. They are working to turn people against democracy and put themselves and their corporate sponsors in power in its place.
#occupy Brings Signs Of Hope
There are signs of hope in the poll. Even with a dearth of media coverage (compare to the well-funded, billionaire-backed Tea Party!!!) the #occupywallstreet movement has changed the national conversation. From the NYTimes article,

Almost half of the public thinks the sentiment at the root of the Occupy movement generally reflects the views of most Americans.
With nearly all Americans remaining fearful that the economy is stagnating or deteriorating further, two-thirds of the public said that wealth should be distributed more evenly in the country. Seven in 10 Americans think the policies of Congressional Republicans favor the rich. Two-thirds object to tax cuts for corporations and a similar number prefer increasing income taxes on millionaires.
[. . .] With the nation’s unemployment rate at 9.1 percent, income inequality remains a palpable issue for Americans. Nearly 9 in 10 Democrats, two-thirds of independents and just over one-third of all Republicans say that the distribution of wealth in the country should be more equitable, even as a majority of Republicans said they think it is fair.

There is hope. The public is not stupid, and can at least sense what is going on.
This post originally appeared at Campaign for America’s Future (CAF) at their Blog for OurFuture. I am a Fellow with CAF.
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Tax Holiday Generates Holiday Gifts For Big Multinationals

Have you heard about the “tax holiday” idea? The idea is to let corporations bring overseas profits back to the United States at a very low tax rate. These overseas profits were made in various ways, including schemes to move factories and jobs out of the country in order to avoid paying taxes here. With a “tax holiday” they would … well … get to bring that money back and pay even less in taxes, rewarding them for the offshoring and tax dodging. We did this in 2004 and it cost the country a lot of jobs but made the rich even richer. So of course they want to do it again.
This is a test of our Congress. Will they continue to do the bidding of the top 1% and reward offshoring and tax dodging, even as more and more people are in the streets demanding they instead start doing the bidding of the 99%.
What Is A Tax Holiday?
Companies that report profits outside of the US don’t have to pay taxes on that money unless they bring it into the US. This encourages some companies to engage in various schemes that close factories and lay off workers here in order to report profits outside of the country. They use shell companies, foreign subsidiaries, post office boxes in tax havens as “headquarters,” etc. Other companies make a lot of money by making great stuff and selling it or providing great services. This money builds up and naturally owners want to bring it back here so they can live it up even more than they do. They could just bring it back and pay taxes (some do) but some are asking Congress to give them a “repatriation tax holiday,” letting them bring the money back (“repatriate” it) at a much, much lower tax rate than they would usually have to pay.
Of course, we are in a jobs emergency so they claim that giving even more money to those top 1% “job creators” is a good thing because it will “create jobs.” If we were in a green cheese emergency they, of course, would call them selves the “green cheese creators” and say that giving them this huge holiday gift would “create green cheese.”
They Tried It Before — FAIL
In 2004 Congress passed a tax holiday bill named the “American Job Creation Act of 2004.” The big multinationals promised that they wiould use the money to “create jobs.” (Have we heard that somewhere before?)
The Institute for Policy Studies looked at the results of the 2004 tax holiday and found that “their holiday didn’t just fail to create the promised jobs. Their holiday enriched corporations that actually destroyed jobs in the months right after they received their tax windfall.” IPS found that 58 multinationals who used the “American Job Creation Act of 2004″ tax holiday not only immediately laid off tens of thousands, they continued laying off, and laid off close to 600,000 workers between 2004 and now. From the IPS summary of the study,

One government study looking at the first two years after the repatriation windfall found that 12 of the top recipients laid off more than 67,000 American workers. These firms collectively brought back home more than $100 billion …

The companies that gained the most from the tax holiday actually cut jobs, on top of that they used the tax gift money to buy back their own stock, increasing its value, and pay out dividends, both thereby enriching executives and shareholders.
Why Is This Even Being Discussed?
Why is such a bad idea even being discussed today, not to mention in a bill entertained by Congress? Well, why else? Nation of Change reprints iWatch’s definitive tax-holiday post by Aaron Mehta and John Aloysius Farrell, Wealthy Corporations With a Trillion Dollars Stashed Offshore Lobby For a ‘Holiday’ From U.S. Taxes, and in it we find the (usual) answer,

A number of trade groups and corporations that would benefit have joined in a coalition called WIN America . New lobbying disclosure reports show that the group and its member firms have spent millions of dollars, and employed dozens of lobbyists, to press for the tax break, according to an analysis.
[. . .] WIN spent the first 9 months of this year actively lobbying for a repatriation bill in Congress. It spent $380,000 to hire two firms (Cauthen Forbes & Williams and Capitol Counsel LLC) and target lawmakers with a total of eight lobbyists. Among the lobbyists hired directly by WIN are several people with strong ties to Congress:

  • Jim McCrery, a former Congressman who represented Louisiana’s 4 th district until 2009.
  • Drew Goesl, who served as chief of staff for Rep. Mike Ross and communications director for Sen. Blanche Lincoln; Ross is a co-sponsor of the House bill.
  • Tucker Shumack, a former legislative assistant for Sen. John Isakson, a co-sponsor of the Senate bill.
  • Dena Battle, a former legislative director for Rep. Dave Camp, who as head of the powerful Ways and Means Committee has sway over tax policy in the U.S.
  • Jeff Forbes, a former staff director on the Senate Finance Committee.
  • Libby Greer, a former chief of staff for former Rep. Allen Boyd.
  • Millions of dollars lobbying… says it all.
    Where Are We Now?
    There is plenty of opposition being voiced. A strong New York Times editorial, No Holiday, make the case against this holiday gift,

    Big business has clearly decided that the economic crisis is too important to waste. While Washington debates how to create jobs and cut the budget deficit, major corporations — read major campaign contributors — are pushing Congress for an enormous tax cut on corporate profits. Lawmakers seem all too eager to grant their wish.
    [. . .] These days, corporations are flush with $2 trillion in cash that is not being used for hiring. As long as the economy is weak and consumers aren’t spending, tax cuts will add to the cash pile, not create jobs. A tax holiday also would add to the deficit, in part because companies rush to bring money home, rather than repatriating the earnings over time at the usual rate.

    At the Center on Budget and Policy Priorities blog, Chuck Marr writes in, Corporate Tax Holiday Would Be a Costly Mistake,

    A well-funded corporate lobbying campaign is pushing Congress to allow multinational corporations to bring profits held overseas back to the United States at a temporary, bargain-basement tax rate.
    …Congress tried this in 2004 and it proved an embarrassing failure. Firms not only failed to use the “repatriated” funds to boost their U.S. investment and hiring, many of them actually laid off thousands of U.S. workers.

    Marr also writes that this tax holiday, following the 2004 holiday, would make tax holidays an expectation, and that,

    … large revenue losses in later years would more than wipe out those gains as corporations shift more investments, profits, and jobs overseas in anticipation of yet another temporary holiday.

    Yes, anticipation of the next tax holiday. And the one after that.
    Even .. Heritage???
    In a shocker of shockers, Heritage Foundation agrees. (The check from the multinationals mush have gotten lost in the mail!) WSJ: Heritage: Repatriation Tax Holiday Wouldn’t Create Jobs,

    Giving U.S. companies a tax break for bringing home profits held overseas likely won’t create more jobs or spur domestic investment, an influential conservative think tank will argue in a report to be released Tuesday.
    In a break from many Republican lawmakers and a host of major U.S. companies including Google Inc., Apple Inc., Pfizer Inc. and Microsoft Corp., the Heritage Foundation said in a new study that a repatriation tax holiday would not motivate companies to hire new workers.

    Here are Jared Bernstein and Chuck Marr discussing whether Congress should give this holiday gift to the top 1% and their giant multinationals:

    This post originally appeared at Campaign for America’s Future (CAF) at their Blog for OurFuture. I am a Fellow with CAF.
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