House Democrats Ready New Version of DISCLOSE Act

By: David Dayen Thursday January 26, 2012 6:50 am

After Citizens United, which was decided two days after Democrats lost their 60-seat majority in the Senate, there was a push to respond to the Supreme Court ruling with some legislation adding transparency and disclosure to the process. If the Massachusetts race went another way it would have passed; Democrats consistently got 59 votes in the Senate for the DISCLOSE Act. But Republicans wouldn’t budget because they reasoned that the new campaign finance system – actually not a system at all but a recipe for massive spending by corporations and the wealthy – would advantage them. In 2010 they were right.

House Democrats Hit GOP For Stalling on Conference Committee

By: David Dayen Friday January 6, 2012 10:05 am

Nancy Pelosi and the House Democrats pulled off a neat little trick yesterday. The two-month extension of the payroll tax cut and unemployment insurance really only allows for one month of negotiation in the conference committee, since Congress stands in recess until the end of January. But there’s no reason that the conference committee cannot begin its work beforehand. So Pelosi stood in Washington yesterday, with House Democratic conferees, and demanded to know why Republicans wouldn’t come back to Washington to finish the deal.

House GOP Walks Out on Attempt to Call Up Senate Payroll Tax Deal

By: David Dayen Wednesday December 21, 2011 12:15 pm

During a pro forma session designed to block recess appointments (streams crossing), Steny Hoyer asks for unanimous consent to bring up the Senate two-month stopgap on the payroll tax, unemployment insurance and the doc fix. Instead of just objecting to UC, the presiding officer, in this case Rep. Mike Fitzpatrick (R-PA), just ignores Hoyer and gavels down the session, walking away. This allows Hoyer to grandstand on CSPAN.

Republicans Release Payroll Tax Cut Package

By: David Dayen Thursday December 1, 2011 6:47 am

So let’s break this down. To pay for a tax cut that will hopefully increase consumer demand and help increase hiring, Republicans would – 1) fire hundreds of thousands of people, 2) freeze their pay (the opposite effect of a payroll tax cut, which operates as a wage increase), 3) put no-strings, volunteer peer pressure on millionaires to pay additional taxes (I’m sure there will be a high takeup for that), 4) means test a number of programs to ghetto-ize them as welfare, including unemployment benefits, which is particularly cruel, because once federal benefits kick in and you’ve been out of work 6 months, it doesn’t matter what you earned before, you’re in trouble.

Obama Proposes Replacing AMT with Millionaire’s Minimum Tax

By: David Dayen Sunday September 18, 2011 4:00 pm

This millionaire’s minimum tax also seems like a clever way to eliminate the “carried interest” loophole, where income from money managers is taxed at the capital gains rate of 15% rather than the top marginal income rate of 35%.

Pelosi’s Picks for Super Committee Embrace Tea-GOP Economics and Budget Gibberish

By: Scarecrow Tuesday September 6, 2011 5:07 pm

If you’re hoping that the Nancy Pelosi’s picks for the Congressional Super Committee have either the wisdom or courage to stand against the job-killing spending cuts Obama and Congress imposed on the nation, you’ll be disappointed.

Presidential Power Observed: Dems on Catfood Commission II Want Bigger Deficit Package

By: David Dayen Tuesday September 6, 2011 2:30 pm

Basically, Rep. Xavier Becerra and Rep. Chris Van Hollen are trying to deliver the original grand bargain, the one that calls for job creating stimulus ideas in the near term balanced out by deficit reduction, including to cherished programs like Medicare, Medicaid and Social Security, in the long term. This is what the Administration thought it would get when they enacted the stimulus, and followed up with a focus on the deficit (including in the Affordable Care Act, which was very deficit-focused).

Pelosi Rounds Out Super Congress with Leadership Selections

By: David Dayen Thursday August 11, 2011 4:40 pm

House Minority Leader Nancy Pelosi made her selections for the Super Congress with the choices of Nancy Pelosi, Nancy Pelosi, and Nancy Pelosi.

“My appointees: @Clyburn @RepBecerra @ChrisVanHollen They’ll focus on economic growth & job creation–which reduces deficit/”

More Top Democrats Come Out in Support of 14th Amendment Solution

By: Jon Walker Friday July 29, 2011 12:17 pm

With only four days left until the August 2nd deadline and no deal in hand, more and more of the top Congressional Democrats have been coming out in support of the President using the 14th Amendment to ignore the debt ceiling. Yesterday the House’s second ranking Democrat Steny Hoyer (D-MD) came out strongly in favor of this tactic.

Democrats Sought Elimination of Big Oil Subsidies, Caps on Deductions for the Rich in Debt Limit Talks

By: David Dayen Sunday June 26, 2011 6:51 am

Rep. Chris Van Hollen and Sen. Chuck Schumer tallied up what amounted to a list of demands from Democrats on revenue in the debt limit negotiations. They are a collection of real but pretty mild steps.

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