The coming week…
Nogales in the NY Times
Mitt’s Tax Plan — How Bad Becomes Worse
Posted by Bob Lord
Okay, this post involves a trip through tax geekdom, so hang on and enjoy the ride, or at least try to stay awake.
There have been countless articles and blog posts regarding Mitt’s new tax plan, which he released to coincide with his appearance Friday at Ford Field, which was packed to 1/65th of its capacity. But precious little attention has been paid to one feature of the plan, which actually is unchanged from his previously released plan — the exemption of dividends, capital gains, and interest income from tax for those with taxable income of under $200,000.
That’s too bad. As a tax lawyer, my take on that one provision is that, in concept, it is one of the most fertile areas for tax sheltering I’ve ever seen, will cost us hundreds of billions in revenue, will benefit mainly those who are just a notch below the super rich, and will lead to increased complexity in the tax code. Here’s why.
The Rising showing signs of life in Arizona
Posted by AzBlueMeanie:
The Rising of American workers that began with the Madison Revolution in Wisconsin in February 2011 is now showing signs of life in Arizona.
Protest rallies have been held in Tucson and Phoenix in recent weeks, and a Day of Action at the state capitol is planned for this Thursday by the Arizona AFL-CIO. (Below the fold).
Arizona lawmakers have been barraged with union members’ complaints about the package of anti-union bills sponsored by Sen. Rick Murphy, R-Peoria. The Arizona Capitol Times (subscription required) reports Public employee union bills stall in Arizona Senate – Arizona Capitol Times:
Several Republican-sponsored bills targeting government employee unions appear stalled in the Arizona Senate, a week after one such measure was approved.
The Senate was scheduled to consider a measure Thursday that would bar using tax dollars to pay for workers’ union activities, but the sponsor said he asked that its consideration be postponed.
* * *
Mike Colletto, a lobbyist for a firefighters union, said lawmakers have been barraged with union members’ complaints about the bills and Thursday’s postponement was due simply to a lack of votes for the bill.
Two other Murphy bills that have yet to be scheduled for consideration by the full Senate also lack the necessary votes, Colletto said.
One of those would ban collective bargaining with public employee unions. The second would bar using government workers’ paychecks to collect union dues.
The Senate last week approved a fourth bill sponsored by another Republican senator that would bar paycheck withholding for unions and other entities without annual reauthorizations by the workers. The measure has been sent to the House.
As reported previously, the alleged "savings" from this bill were refuted by a JLBC report which says that it will actually cost state and local governments more money to administer annual renewals. Anti-Union dues deduction bill would cost local governments more money.
DCSRA Presents An Evening With Randy Parraz
(Reposted) Incorporate Your Uterus
The GOP War on Women and Reproductive Health Continues This Week
Posted by AzBlueMeanie:
In somewhat of a surprise this week, the main anti-abortion bill of the Christian Taliban aka Center for Arizona Policy, House Bill 2838, which proposed to toughen state abortion requirements including banning nearly all abortions after 20 weeks of pregnancy, died after it failed to draw enough support to merit a committee vote.
Perhaps our Tea-Publican legislators were watching the mass protests in Virginia this week that caused Gov. Bob McDonnell to drop his support for the state-sanctioned rape by trans-vaginal ultrasound probe abortion bill. Sen. Jill Vogel, the sponsor of the bill, said she will strike her legislation, killing the bill.
This was followed by the Virginia Senate voting 24-14 to scuttle a bill that would have given fertilized eggs the same legal rights as people (the "personhood" bill). Huzzah! Virginia puts 'personhood' bill on hold until next year.
If only we were so lucky in Arizona. The point man woman for Center for Arizona Policy, Rep. Kimberly Yee (R-Phoenix), plans to paste the language of HB 2838 into another of her bills, HB 2036, as a "strike-everything amendment."
HB 2036, which originally dealt with regulations in the Attorney General's Office (private attorney retention; contingency fees), already passed the House and is scheduled for a hearing on Monday in the Senate Judiciary Committee at 2:00 p.m., in Senate Hearing Room 1. Get yourself there to testify in person or sign up online to testify.
h/t Daily Kos for graphic
