Daily Archives: August 3, 2018

In 2019, #AZLeg Should Review Corporate Tax Giveaways (video)

Fair tax forum in Tucson

A standing room only crowd filled the IBEW Hall for the Stop Thief! Let’s Restore Fair Taxes Forum, hosted by PALF and PDA Tucson, with support from other unions and community groups.

#RedForEd lifted the veil from our eyes and put the issue of corporate tax giveaways front and center in the fight to restore public education funding in Arizona.

As many of you are aware, the Arizona Legislature is giving away more than $13 billion in taxes every year and using only $10 billion to run the state. It is not sound fiscal policy to use accounting gimmicks and 50 fund transfers to “balance” the budget. It is no surprise that the state owes K-12 education around $1 billion. Thanks to scheduled corporate tax cuts passed by the Tea Party*, beginning in 2011, Arizona’s corporations got to keep an extra $1 billion in 2017. These corporate tax cuts continue through 2019, even though we can’t afford them.

As a result of the anger and frustration that many Tucsonans feel about the Arizona Legislature’s performance, the Stop Thief! Let’s Restore Fair Taxes Community Forum drew a standing room only crowd of diverse participants.

The event opened with heart-felt testimonies from current high school students, who explained how school budget cuts have impacted their lives and their schools.

LD9 Rep. Randy Friese gave a detailed presentation on tax revenue and how it has been siphoned off by special interest groups and corporate tax cuts for decades. (Video here.)

LD9 Rep. Pamela Powers Hannley’s talk focused specific tax giveaway bills and the drama that swirled around the bills that passed and the ones that failed. (Video here.) Excluding any votes related to budget appropriations, all of the tax giveaway votes in the 53rd Legislature were bipartisan— with Democrats and Republicans on both sides.

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War of the Roses: the ‘Kochtopus’ vs. the Party of Trump

Hopefully this family feud will end as badly for them as it did for Oliver Rose (Michael Douglas) and Barbara Rose (Kathleen Turner) in The War of The Roses (1989), with both sides destroying one another in the bitter end.

Maybe they can use one of the chandeliers at Mar-a-Lago, or the Trump Hotel in D.C.

The “Kochtopus” network and the Party of Trump fka the Republican Party apparently are feuding with one another after having enabled one another in 2016 in order to achieve their mutual goal of trickle down tax cuts for corporations and wealthy plutocrats. Now that they got what they both wanted, their annoyances with their differences are now coming to the fore.

Top officials with the “Kochtopus” donor network affiliated with billionaire industrialists Charles and David Koch last weekend sought to distance the network from the Republican Party and President Trump, citing tariff and immigration policies and “divisive” rhetoric out of Washington. Koch group condemns ‘divisiveness’ and ‘lack of leadership’ in Washington:

At a gathering of hundreds of donors at the Broadmoor resort here, officials reiterated their plans to spend as much as $400 million on policy issues and political campaigns during the 2018 cycle. Earlier this year, they announced heavy spending aimed at helping Republicans to hold the Senate. But in a warning shot at Trump and the GOP, network co-chair Brian Hooks lamented “tremendous lack of leadership” in Trump’s Washington and the “deterioration of the core institutions of society.”

He called out the White House and Trump-allied GOP lawmakers, particularly over trade policy and increased federal spending, and added that “the divisiveness of this White House is causing long-term damage.”

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Health care is the top issue in this year’s election for everyone but lawless GOP saboteurs

Donald Trump has done everything in his power to sabotage the Affordable Care Act aka “Obamacare” out of pure spite and hatred for Barack Obama, without any regard for Americans who will be harmed by his actions.

Last month, the Trump administration announced that it would abruptly halt important Obamacare payments, leaving only two likely explanations: incompetence or sabotage. Trump’s latest move on Obamacare is incompetent — or sabotage:

The Centers for Medicare and Medicaid Services (CMS) stunned the health-care world on July 7, revealing that it would stop collecting and paying out money under the Affordable Care Act’s risk-adjustment program. The program helps level out costs among insurers participating in Obamacare marketplaces. Those with inordinately healthy — and inexpensive — customers pay to compensate those with unusually sick — and costly — customers. Without such a program, insurance companies would compete to attract only healthy customers by narrowing benefits and finding other ways to discriminate against people who need care. Insurers who were unsuccessful in deterring sick people from signing up would have to raise premiums, leading to the loss of healthier customers and a downward financial spiral. With the program in place, on the other hand, the insurers in a given market are part of a big, effective insurance pool whose risks are spread across all.

As you might imagine, Health Insurers Warn of Market Turmoil as Trump Suspends Billions in Payments:

Many insurers that enroll large numbers of unhealthy people depend on the “risk adjustment” payments, which are intended to reduce the incentives for insurers to seek out healthy consumers and shun those with chronic illnesses and other pre-existing conditions.

“Any action to stop disbursements under the risk adjustment program will significantly increase 2019 premiums for millions of individuals and small-business owners, and could result in far fewer health plan choices,” said Justine G. Handelman, a senior vice president of the Blue Cross and Blue Shield Association. “It will undermine Americans’ access to affordable care, particularly for those who need medical care the most.”

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Arizona List Endorses Victoria Steele for AZ Senate in LD9

From the Arizona List:

Arizona List is proud to endorse Victoria Steele for LD 9 State Senator. The Arizona List is a committee for pro-choice Democratic women in Arizona.

Victoria gets things done

As a State House member, Victoria delivered results for Arizona and the people of LD 9. In her first term she secured half a million dollars in the state budget for mental health first aid, and in her second term, she was the sponsor of two of the eight total Democratic bills to pass the House. As a State Senator, she vows to work tirelessly to make sure that the state budget is balanced to the benefit of all Arizonans, and not on the backs of our most vulnerable citizens.

Victoria is a champion for women

Prior to entering politics, Victoria was a master’s level professional counselor helping women struggling with trauma and addiction. She created the Native Ways program at The Haven, an award-winning substance use residential treatment program for Indigenous women. She is a life-long feminist and a co-founder of the Tucson Chapter of the National Organization for Women (NOW) where she is highly active in advocating for women’s equality and empowerment.

Victoria will fight for an economy that is fair for everyone

Victoria firmly believes that hard-working Arizonans deserve jobs with a living wage. She will end tax loopholes for corporations and others that have outlived their usefulness and restore those revenue streams for our state’s economy. She will fight to fix our crumbling roads, bridges and other infrastructure, and make sure that affordable, quality healthcare – which is a right, not a privilege – is available to everyone.

We need Victoria’s leadership and experience in the State Senate. Join us in supporting her! Volunteer with her campaign, get campaign updates on Facebook, and follow her on Twitter.

Changing the Face of Power in Arizona

Contributions to Arizona List and Arizona List PAC are not deductible for tax purposes. Arizona Law limits the amount that an individual can contribute each year to candidates and non-party committees that support candidates. Paid for by Arizona List and not authorized by any candidate. Become a member of Arizona List today · Join for as little as $10/month

Video

Stop Thief! Let’s Restore Fair Taxes Event

Posted by Michael Bryan

State Reps. Randy Friese and Pam Powers Hanley hosted the event and gave presentations on Arizona’s tax giveaways:

July jobs report is below expectations

Steve Benen has the July jobs report. American job growth falls short of expectations in July:

Ahead of this morning’s new jobs report, most projections said the U.S. economy added roughly 190,000 jobs in July. Apparently, we didn’t do quite that well.

The Bureau of Labor Statistics reported this morning that the economy added 157,000 jobs in July, while the unemployment rate inched lower, going from to 4% to 3.9%. It’s the second lowest monthly jobs total of the year.

That said, the revisions for the two previous months – May and June – looked very good, with a combined gain of 59,000 jobs as compared to previous BLS reports.

JulyJobs

In terms of the larger context, this morning’s data points to 1.5 million jobs created so far in 2018, which is evidence of a healthy job market, and which is an improvement on the totals from the first seven months of 2016 and 2017. That said, this year’s tally is still short of the totals from the first seven months of 2014 and 2015.

Here is another chart, this one showing monthly job losses/gains in just the private sector since the start of the Great Recession.

JulyPrivate

The Washington Post points out that wage growth remains stagnant (so much for the GOP tax cut scam):

The U.S. economy has added jobs for 94 consecutive months, a record streak that shows no signs of waning despite President Trump’s escalating trade war. Many business leaders have warned the standoffs with China, the European Union and other major trading partners could cause layoffs if tariffs stay in place for an extended period of time.

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