We all know about the Paul Ryan budget, which will get a vote on the House floor this week, because both sides feel they have a story to tell about that budget: Republicans because they’re passing a budget at all, Democrats because that budget is unnecessarily cruel, and should hurt the GOP in November. So Senate Democratic leadership is not above scheduling message votes for November themselves. Over the next couple weeks, they’re going to bring to the floor a series of votes, in particular on taxes, to force Republicans to side with corporations and the wealthy.
|By: David Dayen Sunday January 29, 2012 5:00 pm|
I don’t know if anything’s going to get done in Congress in 2012, but one thing is becoming clear – Senate Democrats will try to put Republicans up against the wall on taxes. They already have on the record multiple instances of Republicans voting almost in unison against millionaire’s surtaxes. Now we’ll see votes on fossil fuel subsidies and that alternative minimum corporate tax the President mentioned in the State of the Union and other tax fairness issues.
|By: David Dayen Friday January 27, 2012 2:22 pm|
Sen. Bernie Sanders has a new bill out to kill fossil fuel subsidies that come in the form of tax breaks for the oil and gas industry. Instead, Sanders would redirect those funds to generate 10 million solar roofs in America, which would create installation jobs and significantly reduce fossil fuel consumption.
|By: David Dayen Tuesday September 20, 2011 12:30 pm|
Darrell Issa is a happy man. After flailing around for a while, he finally thinks he has a product to push, an example of Obama corruption, with the Solyndra story. There’s even another piece of it that has popped up in the form of LightSquared, a wireless startup which, according to allegations, was the subject of unfavorable testimony to Congress by Air Force Gen. William Shelton until the White House intimidated him into changing his view. Issa is ready to widen his investigation. Loan guarantee programs for clean energy have actually migrated to the subject of a potential government shutdown, with Republicans trying to cancel a program for hybrid vehicles to pay for disaster relief.
Republicans definitely think they have a winning hand by criticizing corruption in the clean energy realm. It’s a tailor-made Glenn Beck conspiracist rant where the corruption lines up with a philosophical view against climate change and a lucrative view in support of wealthy oil and gas company contributors over the clean energy industry. The government, you see, cannot “pick winners and losers” in the energy space. Can’t do it.
Unless those winners happen to be in Republican districts and states.
|By: David Dayen Monday September 12, 2011 11:30 am|
Well, this is a bit unexpected. OMB Director Jack Lew strolled into the White House briefing room and laid out the plan to pay for the American Jobs Act, and it’s entirely from ending tax breaks for rich people and corporations.
|By: David Dayen Tuesday June 28, 2011 9:30 am|
Following up on the Filibernie post from earlier today, the president is looking at revenue increases as he enters the debt reduction talks. Too bad he is not even close to the 1:1 cuts for revenue that Senator Sanders is demanding.
|By: David Dayen Tuesday May 17, 2011 2:15 pm|
Let me save you the trouble of turning on C-SPAN2 and missing the Blue Plate special at the Olympia Diner. The motion will fail on a party-line vote. Even Senate Republicans who previously expressed a willingness to end oil subsidies will stick with Mitch McConnell and Team R on this one.
|By: David Dayen Saturday May 14, 2011 11:11 am|
President Obama announced in his weekly address a plan to open part of the National Petroleum Reserve in Alaska to oil drilling. Through an executive order, the President would also extend leases in the Gulf of Mexico for oil concerns that were subject to the moratorium on deepwater drilling after the BP oil disaster, as well as speeding up evaluation of resources in the Atlantic, extending other leases in Alaska and building incentives for oil and gas companies to use land they own on existing leases on land and sea.
|By: David Dayen Friday May 13, 2011 11:45 am|
On a conference call, Democrats Chuck Schumer and Bob Casey today released a report with Alan Krueger of Princeton University showing that the expiration of tax subsidies for the Big 5 oil companies will have no impact on gasoline prices. This is elementary when you consider the economics of the situation. The legislation Democrats have put forward would cancel $21 billion in subsidies over 10 years. The Big 5 oil companies made $35 billion last quarter. They simply would not feel the loss of these tax subsidies whatsoever, and if they “passed them on” to consumers, the resultant price increase could only be measured in fractions of a cent. And US jobs wouldn’t be affected either, Krueger said. “Because the U.S. is such a small producer, eliminating the subsidy would have very little effect in the long run and no effect in the short run on gas prices.”
|By: David Dayen Thursday May 12, 2011 6:55 am|
It was inevitable that oil-producing states would get representation like this. And yet every state is a gas-consumer state. Every state is a taxpayer state. Every state has constituents who give their money to the government so a sliver of it can be handed over to the same billionaires who charge $4 a gallon for gasoline. And these billionaires are the same people who think being denied that corporate welfare is actually un-American.