Irons Presents Common Sense Ideas for Tax Reform
John Irons of the Center for American Progress has laid out ideas for a comprehensive tax code overhaul which he says is overdue. [Washington Post]
"There is no more dangerous thing for a democracy than a foreign policy based on presidential preventive war.
Maybe President Bush, who seems a humane man, might be moved by daily sorrows of death and destruction to forgo solo preventive war and return to cooperation with other countries in the interest of collective security. Abraham Lincoln would rejoice."
- Arthur Schlesinger Jr., Bush's Thousand Days, seen in today's Washington Post
From Think Progress-Still, they lied to all of us, including the members of our House and Senate.
Tonight on 60 Minutes, Tyler Drumheller, the former chief of the CIA’s Europe division, revealed that in the fall of 2002, President Bush, Vice President Cheney, then-National Security Adviser Condoleezza Rice and others were told by CIA Director George Tenet that Iraq’s foreign minister — who agreed to act as a spy for the United States — had reported that Iraq had no active weapons of mass destruction program. Watch it here
What can be done to build up financial assets for those who are "just a bank account away from America?"
We can discuss big ideas, keeping an honest eye on the fact that we are facing an incredible mountain of national debt, thanks to five years of the Bush administration's policy of giving billions of dollars in tax breaks for the wealthiest 1% of Americans and the delivery of subsidies for just about any corporate interest you can imagine. Let's not forget that when the Republican-led majority in Congress decided to trim the debt with sweeping budget cuts last fall, hardly a dime of the tax cuts for millionaires and breaks for Big Energy and Oil was touched. President Bush and his rubber-stamping Congress have rewarded wealth and turned their backs to the rewarding of hard work done by the willing hearts and calloused hands of the poorest Americans. Alleviating poverty and lifting all boats on a rising moral tide will take belief, commitment, cooperation, and caring from us all.
I have heard Senator Edwards offering solutions in the form of policies that will reward work by creating and increasing assets of the poorest working Americans. He has said that there is an asset gap in America that is every bit as important as the income gap.
A direct way to build assets for low-income workers is by expanding the Earned Income Tax Credit (EITC). Since 1975, the expansion of this federal tax credit has provided an income supplement to low-wage workers. In the 1990s, the EITC helped move 7 million Americans out of poverty and into the middle class. As one of the biggest cash-transfer programs for low-income families, the EITC reflects congressional and public preferences to support increased work efforts and self-sufficiency and less dependency on welfare programs for low-income population. One of the chief aims of the EITC is the "rewarding of work." The EITC promotes and rewards low-wage work by reducing the taxes that low-wage workers pay on their earnings and by supplementing their wages. Senator Edwards wishes to make this tax credit more available to single workers and to get rid of the marriage penalty that presently exists. Female heads-of household can especially benefit from an expansion of the EITC. In a Grogger study (2003), it was found that the EITC may be the `single most important' policy parameter for explaining recent declines in welfare and increases in work and earnings among female-headed families. [source: tc.umn.edu]
Work bonds would help by setting up accounts for low income families to the extent that workers would be saving money while the government would match any savings they could manage to accrue. This would help them save to buy homes and send their children to college. Low-income working families would receive an extra credit of up to $500 per year that would be directly deposited into a new account held by a bank or a safe stock fund with low fees. If families put away more, the amount in the account would grow, and it would be available not just for retirement, but also for a small business or a personal emergency. [source: Senator Edwards' speech at CAP, September 19, 2005]
Senator Edwards suggests an enhancement of housing vouchers for the poorest workers and setting aside up to $1,000 in an account to help low-income workers entering the workforce to make home payments for the first five years they are working. After five years, they will have up to $5,000 for a down payment on a home of their own. Senator Edwards has also stated his aim to crack down on predatory lenders and their shameful practices because they prevent low-income workers from building assets.
In Britain, there is a program that issues Baby Bonds for low-income families. They set up an account for a child when they are born and then by the time the child reaches 18 years of age, they make that money available to them. Whether they want to go to college, buy a house, or start their own small business, they can use that money to do so. Senator Edwards has proposed similar ideas to help all Americans build their savings for the future. [source: One America Committee blog/Serb Hall celebrator]
All of these strategies are about investing in people and rewarding their hard work. The creation and building of assets for low-income families would be a direct investment in the American people. By bridging the asset gap, it would not be only their lives that would be beneficially affected. The communities where they live and work would also be enhanced by the increased opportunity. When Senator Edwards says he's fighting to alleviate poverty, I also hear him asking us to develop the political will to invest in American workers and allow them to live up to their full potential. This is so directly tied to the benefit of the entire American population that we can no longer sit back in silence as we see our elected representatives turn their backs on those who want to learn and to work hard to earn their piece of America.
*This entry was cross posted from the One America Committee blog.
"He got us into it. He owes it to the American people to get us out."My American Street colleague Jenny Greenleaf of Oregon was in New Orleans for the DNC spring gathering. She compares the work that she and fellow DNC volunteers were doing in New Orleans to "moving a sand dune with a teaspoon" (Hey - that rhymes):
The DNC, meeting here in New Orleans, wanted to make this about more than political machinations. DNC members are fanning out around the city to clean up devastated homes, pack food at the food bank, and sort and distribute clothes, food and hygiene products in Plaquemines Parish. I helped salvage in a commercial kitchen/pantry for Food For Friends, which prepares and delivers meals to AIDS/HIV patients. When I signed up, I imagined scrubbing shelves and polishing the stove. This place was way beyond that: our task was to save what files we could, throw away trash, and remove the refrigerators still full of food from the building, which will not be repaired anytime soon. Fortunately Food for Friends has been able to resume operations elsewhere.[..]..It’s wonderful to do something to help, but it feels like trying to move a sand dune with a teaspoon. The need here is so immense.
protectionism would have disastrous consequences for growth and would help limited numbers of exposed workers rather than the majority of poor and middle-income families. But the pressure to close borders, bash corporations and experiment with ineffective social programs will continue until government addresses inequality in a serious way.I think both ideas, "protectionism" and "social programs", have to take on a new meaning here in 2006. The American people still expect decent and fair treatment from the companies that do business here in America, even while hundreds of thousands of jobs are outsourced to foreign shores. The American people still expect a poor child to grow up to be be able to have as much opportunity to succeed as a kid from the upper middle class right here in this country.
..[Better management and marketing] will help, but they almost certainly will not be enough to rescue [Bush's] presidency from its low approval ratings and loss of public confidence.Judging from all I've seen so far from this President, we will likely get more marketing and management...long after the product has lost its sales appeal with the American public. What happens when everyone decides to mute the Oval Office commercials? You don't watch ads for cover-up when what you know you really need is an able physician. Most Americans understand we don't need cheap cosmetics. We need major surgery.
An ex-senior agency officer who keeps in contact with his former peers told me that there is a “a big swing” in anti-Bush sentiment at Langley. “I've been stunned by what I'm hearing,” he said. “There are people who fear that indictments and subpoenas could be coming down, and they don't want to get caught up in it.”.[...].Scott Horton, a human rights activist who has become a principal spokesman for the New York City Bar Association in evaluating the Bush Administration's tactics, said that he's also hearing stories of growing dissent at the CIA. “When the shit hits the fan,” he explained, “the administration scapegoats lower-level people. It doesn't do a lot in terms of inspiring confidence.”While right-wing Newsmax, in ho-hum 90s-style, is still headlining blame toward former President Clinton for anything they can (in this case for being responsible for CIA's low morale), Bush has nearly destroyed the integrity of the institution with his policy (or looking the other way for too long) on torture and teh scapegoating of CIA on the Iraq WMD dupe.
"...cracks definitely have developed in the Administration's relationship with the Armed Forces. Most recently, several active duty senior commanders who spoke on the record at the “Current Strategy Forum” that ended here last week were critical to a point that walked a fine constitutional line of disloyalty to the political leadership.....[What I think is going on here is serious concern among officers to protect the integrity of the institution."Rumsfeld and the Bush administration have done "a number" on our military with the entire Iraq debacle. The way I'm seeing it, either Rumsfeld will step down or, if you go along with former President Gerald Ford's opinion, the entire Bush administration will sink down the sewer of history together in one loyal turd-like lump. One columnist has said that
- part of a 2004 quote from an unnamed source at the Naval War College
Bush cannot afford to fire Rumsfeld, certainly not at this moment, since such an action would then turn the generals' guns (and those of their supporters elsewhere) against the president himself.Former US ambassador to the United Nations Richard Holbrooke has categorized what has been dubbed as The Revolt of the generals, as “the most serious public confrontation between the military and an administration since President Harry S. Truman fired Gen. Douglas MacArthur in 1951”.
"In our view Mr. Rumsfeld's failures should have led to his departure long ago. But he should not be driven out by a revolt of generals, retired or not." [WaPo editorial 4-18-06]
For all his mistakes, Rumsfeld is not some alien creature operating as a loner sabotaging the otherwise reasonable policies of his bosses. President Bush is the commander in chief. Vice President Cheney is on record as having made outlandishly optimistic predictions before the war started about how swimmingly everything would go. Rumsfeld is Bush's guy, which is why the president resists firing him. Letting Rumsfeld go would amount to acknowledging how badly the administration has botched Iraq.