by Pamela Powers Hannley On Wednesday, March 20, 2013, the US House of Representatives voted on a series of amendments to the Republican Majority Budget, penned by Rep. Paul Ryan. The Congressional Progressive Caucus (CPC) amendment, dubbed the Back to Work Budget, was one of yesterday's votes. It lost 84 to 327, with no Republicans … Read more
First, it was Kirsten Sinema on Facebook.
Then, Ann Kirkpatrick on e-mail.
And now, Ron Barber on e-mail.
All three of these Congressional Democrats used the sequestration battle to put out their hands and ask voters for campaign contributions.
I understand that these three are probably not the only misguided Congressional representatives to try this lame fundraising tactic. And I realize that with our flawed election system based upon cash Congressional representatives have to start raising money as soon as they get into office. BUT, using a fiscal crises that will cost Arizona tens of thousands of jobs– when you personally have dong nothing to stop it– is ludicrious and insulting to the voters.
The only Southern Arizona Congressman who didn't send me a sequestration fundraising appeal was Raul Grijalva. Ironically, he was the only Arizona Congressman who was in the thick of the sequestration battle along with Congressman Keith Ellison. They are co-chairs of the Congressional Progressive Caucus, which proposed the Budget for All and offered sane alternatives to sequestration. Video after the jump.
by Pamela Powers Hannley This protest sign thanks Republicans for the poverty, but can we also thank most members of the Congressional Progressive Caucus (CPC)? According to a recent article in Common Dreams, three quarters of the CPC (54 members) have not signed a letter which pledges: “we will vote against any and every cut … Read more
by Pamela Powers Hannley U.S. Rep. Ron Barber (D) will host a meeting to discuss the Government Accountability Office (GAO) report on Border Patrol Operations– today. Please RSVP at AZ02.RSVP@mail.house.gov. The meeting is 5:30 to 7 p.m. Tuesday, Jan. 29 at Pima Communitiy College East Campus, 8181 E. Irvington Rd. Here is a link to GAO … Read more
Eleven European countries, who collectively account for two-thirds of the EU's economy, have passed a new financial transaction tax.
Also known as the Robin Hood Tax in the US, a financial transaction tax charges a small percentage fee for every stock market deal. The new European law will charge a rate of 0.1% on any trade of shares or bonds and 0.01% on any financial derivative contract, according to an article in Think Progress. These tiny percentages would raise an estimated 57 billion euros per year if all 27 of the European countries adopted the law. (At an exchange rate of 1 EU = $1.33, that is an estimated $75.8 billion in US dollars per year of revenue generation.) In addition to raising funds, the financial transaction tax discourages speculative computerized trading. Also know as "rent seeking," computers are set up to buy stocks and sell them quickly– sometimes when the profit is just pennies. If you do enough of this automated micro-trading, you can make a bundle of money; but this speculative behavior adds volitility to the market and produces nothing except fot the gamblers who are in the game. The Ed Schultz Show has a great explanation here.
In all, 40 countries worldwide have adopted a financial transaction tax. The 11 countries who have passed the Robin Hood Tax recently include two European powerhouses– Germany and France– plus Spain, Portugal, Italy, Belgium, Austria, Slovakia, Slovenia, Greece, and Estonia. The financial problems facing Greece, Spain, and Italy have been in the news for years. This tax will help cash-strapped governments to become more stable.
Gosh, what other country is facing dire financial choices and needs an infusion of cash? Find out how the Robin Hood Tax would help the US economy after the jump.