Good morning friends.
Here is Bernie calling out republican corruption from the Senate floor:
More news/video/etc. in the comments, including:
*Bernie Sanders DESTROYS Trump’s Budget & HUMILIATES Trump’s Lackeys During Senate Budget Markup
*For the Cost of Repealing the Estate Tax, Congress Could Buy Everyone in America a Pony
*Devastating Bombing Revenge For US Operation
*Gabbard: To avoid war, the president needs to talk to North Korea
*Warren: Credit Reporting Agencies a Threat to National Security
*Water Protector Updates, Pipeline News & More
You can also consider this an open thread.
Sanders, Democrats Rip GOP Plan to ‘Erode’ Safety Net With $5 Trillion in Cuts
In a new report unveiled on Wednesday, Sen. Bernie Sanders (I-Vt.) and Democrats on the Senate Budget Committee offered a scathing assessment of the Senate GOP’s recently unveiled budget blueprint, which they said would result in “a massive transfer of wealth from working families, the elderly, children, the sick, and the poor to the top one percent.”
The report highlighted in particular the Republicans’ plan to slash funding for Medicare and Medicaid by $470 billion and $1 trillion respectively over the next decade—a move that would have devastating consequences for tens of millions of Americans.
The analysis also points to deep cuts the GOP budget would impose on other crucial safety net programs, including:
A $37 billion cut to affordable housing programs, which would “eliminate” housing assistance for over a million families.
A $6.5 billion cut Special Supplemental Nutrition Program for Women, Infants, and Children (WIC).
A $3 billion cut to Head Start, which the report says would strip educational assistance from 25,000 children per year.
A $37 billion cut to the National Institutes of Health, “which would cut funding for Alzheimer’s disease, cancer, and other critical medical research.”
In total, the report estimates that the Senate GOP’s budget would slash $5 trillion from non-defense spending over the next decade.
“Meanwhile, at a time when the U.S. already spends more on defense than the next 12 countries combined,” the analysis notes, “the Republican budget lays the groundwork for an increase of $91 billion to the Pentagon for Fiscal Year 2018 alone—more than enough to provide free tuition at every public college and university in America.”
More news/video/etc. in the comments including:
*WATCH: Sens. Feinstein, Blumenthal, Sanders discuss gun control after Las Vegas shooting”
*”The Political Revolution Is Winning In The South”
*The Drug Price Relief Act: So who is telling the truth? & Bernie Sanders says to vote YES on Issue 2
*Millions of Lives at Risk as GOP Lets CHIP Expire
*Rev. Barber: Systematic Racialized Voter Suppression is the “Election Hacking” the U.S. Must Address
*‘Monopoly Man’ Mocks Equifax CEO While Warren Demands Answers on Security Breach
Happy Wednesday friends!
Director of the Institute for Policy Studies Program on Inequality and the Common Good, Chuck Collins was the latest guest on ‘The Bernie Sanders Show’ and conveniently enough the video is directly below:
More news, video, etc. will be in the comments, including:
*‘Economic Pain for Tens of Millions’: Watch Sanders Destroy Trump Tax Plan on Senate Floor
*TYT Reporter and Cameraman Arrested by St. Louis Police
*Joy Reid Perpetuates Lie About Bernie’s Record On Guns
*HUGE Net Neutrality Loss. Ajit Pai Reconfirmed As FCC Head
*After Overwhelming Public Opposition, Scotland Announces Fracking Ban
*Indigenous Peoples, Pipeline Updates & More
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‘Morally repugnant’: Bernie Sanders, top Democrats slam Trump’s tax plan
Democrats on Wednesday slammed President Donald Trump’s tax reform plan, calling it “morally repugnant,” suggesting there would be little to no cross aisle support for the initial outline of the plan.
President Donald Trump’s plan would reduce the number of personal income tax brackets and overhaul business taxes, lower the corporate tax rate from 35% to 20%, reduce the pass-through tax rate from almost 40% to 25%, and “streamline” business tax breaks.
Democratic leaders immediately condemned the bill, casting it as a proposed tax break that would largely benefit the wealthy by lowering the top income tax bracket from 39.5% to 35% and lowering the pass-through tax rate, something largely used by wealthy earners.
Senate Minority Leader Chuck Schumer decried the proposal in a speech on the Senate floor, saying Republicans “designed their tax plan to be cheered in country clubs and corporate board rooms.”
Sen. Bernie Sanders argued that the plan would exacerbate income inequality, singling out its proposal to repeal the estate tax, noting that the top 10% of earners pay 90% of estate taxes.
“At a time of massive wealth and income inequality, Trump’s tax plan is morally repugnant and bad economic policy,” Sanders said in a statement.
More news/video/etc. in the comments, including:
*Bernie Sanders Thinks War Is Overrated, And He’s Right
*Shocker! Health Insurers Condemn Bernie Sanders’ ‘Medicare for All’ Bill
*Meet Roy Moore’s Opponent: Full Doug Jones Interview
*Pipeline & Water Protector Updates
*Puerto Rico In Crisis As Corporations/Wall Street Make Things Worse
*Some Cities, Native American Activists, Reject Columbus Day
Diane Russell is making a splash in the 2018 Democratic Maine primary by declaring her intention to run for governor.
H.R. 676 now has 100 co-sponsors, the most it has ever seen. Rep. Brendan Boyle (D-PA) was the 100th co-sponsor, he signed on yesterday: John Conyers (D-MI) has sponsored the Medicare for All bill since 2003. Here he is explaining why: The current tally of 100 co-sponsors is the most this bill has ever had during Conyers’ relentless effort over 15 years to get it passed. The past high was in the 110th Congress, when the bill had 93 co-sponsors. The Democratic caucus was 233 members then, which meant less than 40% of Democrats supported Medicare For All. Today, we are over … Continue reading →
There’s a petition below asking members of Congress to sign a bipartisan bill to reinstate a 21st Century Glass Steagall Act. Americans for Financial Reform is an research/advocacy group of progressive organizations that are in solidarity with financial reform. The quality of this organization is exemplified, IMO, by the fact that Alexis Goldstein is a senior researcher for this organization. As you may remember, she was interviewed several times by Chris Hayes on MSNBC during the Occupy sit ins. I think she mentioned in one of those interviews that she had worked on Wall Street and that experience, intelligence and dedication … Continue reading →
UPDATE: Bernie has issued a Press Statement outlining his plan to garner support to Stop a vote on TPP: Sanders Calls for Democratic Party to Oppose Trade Deal BURLINGTON, Vt. – U.S. Sen. Bernie Sanders on Monday urged Democratic Party platform writers to take a stand against the Trans-Pacific Partnership, a proposed 12-nation trade pact that he said would have “disastrous” consequences for U.S. workers and the environment. “The Democratic Party must go on record in opposition to holding a vote on the trade deal during the lame duck session of Congress and beyond,” Sanders said. “This is about preventing … Continue reading →
I found this great financial interview over at nakedcapitalism.com, My eyes often glaze over with financial talk but Prof Hudson is a fine teacher and easily explains his insights. This discussion covers debt deflation, mortgage and other consumer debt, negative interest rates; currencies, and the erosion of the real economy. But politics are deftly woven in the discussion. An excerpt, which is quite alarming coming from such a sober, learned individual: “Bonnie Faulkner: It seems as if the United States is willing to sacrifice Germany and the rest of Europe to conduct this war against Russia and China. Michael Hudson: … Continue reading →