American Forum

Fracking Industry Executive Says that 90% of the American Population are “Nuts”

noreply@blogger.com (American Forum) — Thu, 09 Feb 2012 01:55:00 +0000

AMERICAN FORUM

By: Lyle Hopkins

Wall Street and CEO culture in America is out of touch, arrogant, condescending, and those are
probably their good qualities. Recent examples run the gamut, from snooty finance employees sipping
champagne while mocking Wall Street protesters to a sign posted in the Chicago Mercantile Exchange
proudly stating “we are the 1%.” It’s clear that our titans of industry are in dire need of an attitude
adjustment.

One of the worst offenders is the energy industry. Case in point, the CEO for the Colorado Oil & Gas Association reportedly said of fracking opponents: “These nuts make up about 90 percent of our
population, so we can’t really call them nuts any more. They’re the mainstream.”

Contrast that with what she could and should have said: “Opposition to fracking is widespread and
accounts for up to 90% of the population, as such we need to address mainstream concerns and
reassure the public about our industry.”

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A Jobs Crisis We Can Solve

noreply@blogger.com (American Forum) — Fri, 16 Sep 2011 17:25:00 +0000

AMERICAN FORUM
By Sarah van Gelder

President Obama is proposing important steps toward doing what Americans have been asking for since the financial collapse of 2008—putting a focus on families and jobs.

To create real prosperity, though, Washington will have to deal with three main drivers of our economic malaise: massive inequality such that the super wealthy and big corporations are sitting on piles of cash while ordinary Americans’ can barely get by; enormous ongoing expenditures for wars; and assaults on our natural systems, including our climate, such that costs of everything from insurance to food is rising while our security is threatened.

Without families buying things, the economy can’t revive and create jobs. That’s why our solutions need to focus on ways to support small businesses, which create the bulk of the jobs and keep money flowing locally instead of flowing to distant corporate headquarters.

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The So-Called Personhood Amendment

noreply@blogger.com (American Forum) — Wed, 14 Sep 2011 16:51:00 +0000

MISSISSIPPI FORUM
By Rims Barber

The law of unintended consequences should temper our resolve when tinkering with laws impacting people’s lives. The consequences of adopting Initiative 26 -- the proposed Personhood Amendment to the Mississippi Constitution -- are far-reaching and potentially devastating to women’s health.

In the 33 years since the first in vitro baby was born, hundreds of Mississippi couples were able to have the baby of their dreams through in vitro fertilization (IVF). Since more than one egg is harvested and fertilized to achieve a successful IVF pregnancy, making all the embryos “people” under Mississippi law will make it difficult if not impossible to continue offering IVF treatment in our state.

When embryos are created and frozen as a part of reproductive fertility treatments, these embryos will be legally persons if this initiative passes, and consequently will have all the rights due persons. The problems resulting from this change would be many.

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Minimum-Wage Earners Falling Further Behind

noreply@blogger.com (American Forum) — Thu, 08 Sep 2011 18:26:00 +0000

AMERICAN FORUM
By Christine Owens

Two years ago this week, 4.5 million of America’s workers enjoyed a modest pay increase, as the federal minimum wage rose from $6.55 to $7.25 an hour. The increase was the final of a three-step boost enacted in 2007. Of those getting a bump in pay, more than three-quarters were adults, nearly two-thirds were women, and nearly half a million were single parents with children under 18.

Yet during the past two years, these working families have seen the real value of their wages fall. Minimum-wage earners working full-time make roughly $15,000 a year. Had the minimum wage rate kept up with inflation, their paychecks would have increased by $800 this year. Instead, our nation’s lowest-paid workers have had an even harder time providing basic needs for their families. This is one more reason that Main Street is having a tough time recovering from the economic calamity brought on by financial collapse.

CEO compensation grew 23 percent in 2010, while pay for the average American worker grew only half a percent. Minimum wage workers have fared even worse: Since the 2009 increase, the real value of the minimum wage has fallen 5 percent.

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Keystone XL Pipeline: A Bad Idea

noreply@blogger.com (American Forum) — Thu, 08 Sep 2011 13:42:00 +0000

AMERICAN FORUM
By Billy Parish

Families across the middle swath of our country -- from North Dakota to Louisiana -- have a disturbing question to ask themselves: “Do we want a leaky pipeline pumping 800,000 barrels of oil a day running through our community?”

The proposed Keystone XL oil pipeline, which would transport tar sands -- a mixture of sand, clay, water and a dense tar-like form of petroleum, from the Boreal forests of Alberta to refineries in the Gulf of Mexico region -- is a 1,700-mile time bomb that either will be activated or defused in the coming days.

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Veto of Billboard Bill Should Stand

noreply@blogger.com (American Forum) — Thu, 01 Sep 2011 14:49:00 +0000

MISSOURI FORUM
By John Regenbogen

In the final hours of the regular legislative session this past spring, the Missouri General Assembly added highly controversial, pro-billboard language to an otherwise uncontroversial transportation bill. The bill passed on the last day of session but fortunately was vetoed by Gov. Jay Nixon because the bill substantially weakens the ability of local communities to restrict billboards.

The governor’s veto is not the last word, however, as the General Assembly begins a veto session September 14 and leaders appear intent to try to override the veto by garnering votes of two-thirds of the legislature. Ironically, while all indications are that the General Assembly appears poised to finally act on a matter of basic fairness and return control of the St. Louis police department from the state to the city, it may seek to take away the right of local citizens – through their locally elected officials -- to regulate billboards according to community standards.

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Equality at the Workplace Remains a Goal, Not a Reality

noreply@blogger.com (American Forum) — Fri, 26 Aug 2011 15:57:00 +0000

AMERICAN FORUM
By Marianne Hill

Women’s Equality Day, August 26, is both a celebration of women’s progress and a reminder that equality remains a goal, not a reality.

On this day in 1920, women gained the right to vote under the 19th Amendment. Today, over 90 years later, the struggle to advance women’s rights is concentrated on the economic front -- with an end to discrimination against women in the labor force a critical, and hotly-debated, objective.

Two proposals now stalled in Congress would improve women’s odds of getting a fair shake at the workplace. They face an uphill battle, but it’s one worth fighting.

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Proud to Invest in America

noreply@blogger.com (American Forum) — Mon, 22 Aug 2011 22:29:00 +0000

AMERICAN FORUM
By Paul Egerman

I love America, and have proudly invested in America. I have invested by building successful businesses employing thousands of American workers. And I have invested in our country by paying taxes.

But our nation loses $100 billion a year to tax dodging by some of our largest corporations and wealthiest people. That’s a trillion dollar hole in our national treasury over the next decade unless we act now to plug it.

Tax dodging companies are disinvesting in our country – not investing in it.

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Avoiding the Wrong Lesson About Fukushima

noreply@blogger.com (American Forum) — Mon, 22 Aug 2011 16:06:00 +0000

Pam Solo

AMERICAN FORUM
By Pam Solo and Grant Smith

The reactor disaster in Fukushima is so fresh in our memories that it may seem incomprehensible to think that the history of that tragic (and still unfolding) event in Japan could ever be rewritten and distorted. But history tells us that the nuclear power industry is very adept at revising the facts about every major reactor disaster.

Consider the Three Mile Island (TMI) reactor crisis in the United States. Thanks to years of industry propaganda, many Americans now assume that the panic that followed in the wake of this near-disaster situation derailed the nuclear power industry in the United States, halting its forward momentum in its prime. (Just watch: If the industry falters after Fukushima, it will once again pin the blame on “unreasoning panic” by the public.)

Panic was not the issue after the Three Mile Island. In reality, the U.S. nuclear power industry was already dead in the water by the time of the TMI accident. The culprit was not unreasoning panic on the part of the public. What killed nuclear power more than a quarter of a century ago was cold, hard economics: Nuclear power was just too expensive to build.

Remember the promises made about nuclear power?

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Punish Murdoch's Voicemail Crimes by Yanking His TV Licenses

noreply@blogger.com (American Forum) — Thu, 04 Aug 2011 22:36:00 +0000

Mitchell Szczepanczyk

Steve Macek

AMERICAN FORUM
By Steve Macek and Mitchell Szczepanczyk

The British tabloid, News of the World, owned by conservative media-mogul Rupert Murdoch's News Corp., has been implicated since 2005 in intercepting voicemails of celebrities and politicians. But recently the newspaper has been swept up in explosive new allegations that its staff also intercepted voicemails of victims of the July 7, 2005, London bombing, of relatives of deceased British soldiers, and of a 13-year-old murdered girl.

Ramifications snowballed. Within a week of the new allegations, Murdoch closed News of the World after 168 years of operation, firing the paper's 200 employees. A class-action lawsuit filed in March against Murdoch about lax oversight was quickly amended to include the new allegations, and News Corp.’s stock lost $10 billion in value in the scandal’s first two weeks. The company's top U.K. executive, Rebekah Brooks, has tendered her resignation, and the scandal derailed an attempt by Murdoch to secure majority control of BSkyB, Britain's largest satellite broadcaster. The scandal has also impacted the head of Scotland Yard, who resigned once ties between News of the World and Scotland Yard became known.

But the Murdoch media empire extends across the world and the scandal may well have repercussions on this side of the Atlantic. News of the World is alleged to have paid a New York police officer to secure voicemails of victims of the 9/11 attacks, and the FBI has apparently opened an investigation. What's more, the editor of Murdoch-owned Wall Street Journal who served as the editor at News of the World during the time of voicemail intercepts has also resigned in disgrace.

Clearly, Murdoch must face accountability for crimes committed under his watch, and one way the U.S. government could hold him accountable would be to repeal News Corp's TV broadcast licenses.

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Fix the Broken Bail Bond System

noreply@blogger.com (American Forum) — Thu, 04 Aug 2011 15:22:00 +0000

AMERICAN FORUM
By Timothy Murray

Every day in America, half a million people sit in local jails awaiting trial. They are there because they can’t afford to make bail. Two of every three of these people are charged with nonviolent offenses and are simply waiting to face their accusers.

Meanwhile, well-publicized and well-off defendants like former International Monetary Fund head Dominique Strauss-Kahn can make bail easily, no matter how high, and are released before court action. In effect, they have purchased their freedom until their trial begins.

The cost to local taxpayers to feed and house those who can’t make bail is $9 billion a year. We could save those dollars, ease prison overcrowding and bring more justice to the entire system with some relatively simple reforms.

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Don’t Turn Out Lights on Bulb Innovation

noreply@blogger.com (American Forum) — Tue, 26 Jul 2011 20:04:00 +0000

AMERICAN FORUM
By Kathleen Rogers

In a close vote, the House recently passed a provision that undercuts one of the most successful environmental programs of the decade – one that requires all bulbs -- including the incandescent -- to achieve higher efficiency levels. The amendment, which was tacked on to the Energy and Water Development Appropriations Act of 2012, delays a ban on sales of incandescent bulbs for nine months - from Jan. 1 until the end of the fiscal year, Sept. 30, 2012 – turning off the lights on this successful program.

The legislation, if passed by the Senate, will repeal one of those “inside the beltway” success stories that seems near impossible these days--legislation that was drafted with the help of light-bulb manufacturing giants, Philips, General Electric and Sylvania, and with the support of a coalition of efficiency and environmental organizations, including my own, passed by a bipartisan majority of the House and Senate and signed into law in 2007 by Republican President George W. Bush. More unusual was the fact that California and Nevada, then under leadership of Republican governors, swallowed hard and gave up their own state lighting-efficiency legislation, which had faster timetables. They did so because they were persuaded by all of us that creating a single regulatory light-bulb standard for the whole country would support innovation; would help the United States maintain its market share of production; save American households money; create new jobs; and would give industry what it craves much more than the anti-regulatory crowd would have you believe. It seems fair to use the term “dim bulb” to describe those members of Congress who voted to turn back the clock.

It's up to the Senate to rectify this wrong.

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Making the Case that Medicaid Works

noreply@blogger.com (American Forum) — Mon, 25 Jul 2011 15:05:00 +0000

AMERICAN FORUM
By Anna Liebenow

You never know what obstacles life is going to put in front of you. When I was 25, I was diagnosed with Multiple Sclerosis. Before I turned 30, I was using a wheelchair. When you have a disability, it takes a fair amount of creativity to make life work. Like millions of other Americans with disabilities, I found a way. I continued to work, volunteer and live my life.

After a few years, my MS progressed to the point where I could no longer get in and out of the wheelchair on my own. I was still the same person and still wanted to contribute something. But without help transferring from my bed to my wheelchair, I couldn’t even get out the door. The world beyond my bedroom would be lost to me, and all I have to offer the world would go to waste.

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Agent Orange and Vietnam: Ending A Fifty Year Legacy

noreply@blogger.com (American Forum) — Fri, 22 Jul 2011 15:16:00 +0000

AMERICAN FORUM
By former U.S. Reps. Constance Morella (R-Md.) and Bob Edgar (D-Pa.)

August marks the 50th anniversary of the first use of herbicides by United States military forces during the war in Vietnam. From 1961 until 1971, more than 20 million gallons of Agent Orange and other herbicides were stored, mixed, handled by U.S. troops and sprayed by U.S. airplanes over millions of acres of Vietnamese forest and farmland. The goal of this military operation was to deny cover to the enemy on the ground.

The U.S. government now compensates U.S. Vietnam-era vets for 15 serious health conditions and one birth defect related to exposure to the dioxin that was part of those herbicides.

But some 3 million Vietnamese also suffered health effects, including 150,000 of today’s children with birth defects. Their needs have long been neglected, caught in the geopolitical and scientific conflict that followed the war. The Vietnamese government, several U.S. foundations, and nongovernmental organizations have set up hospitals and small remediation programs, but so far these have redressed less than 10 percent of the need.

But the devastating legacy of Agent Orange, one remaining shadow of that war, is on the way to being resolved in Vietnam – if current trends continue. We may have disagreed on many things in the past, but on a recent trip to Vietnam we witnessed a new spirit of cooperation and partnership among former adversaries. All sides are now determined to alleviate the health and environmental damage from Agent Orange, damage that continues to this day.

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Good News for Women’s Health and Pocketbooks

noreply@blogger.com (American Forum) — Thu, 21 Jul 2011 15:36:00 +0000

AMERICAN FORUM
By Cindy Pearson and Lois Uttley

The Institute of Medicine, an independent panel of doctors and health experts, has just recommended that insurance companies be told to stop charging co-pays for contraception and several other types of women’s preventive health care in any new health plans. Ending those extra out-of-pocket insurance charges will be good for women’s health and good for women’s pocketbooks.

Medical experts also are urging that insurance companies end co-pays for breastfeeding supports, including rental of breast pumps, and for annual well woman exams, HIV infection screening and counseling for women experiencing domestic violence. Most of the public attention so far, though, has focused on the experts’ recommendations about contraception. No wonder, because the vast majority of women in our country have used birth control at some time in their lives.

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Putting a Face on Medicaid

noreply@blogger.com (American Forum) — Wed, 20 Jul 2011 22:41:00 +0000

AMERICAN FORUM
By Sue Hetrick

Open the newspaper any morning and one story is at the top: Leaders in Washington are negotiating a deal to reduce our nation’s debt and balance the budget. Trillions of dollars and thousands of laws and programs are at stake. While the public looks on, some of the most influential people in our country go back and forth with proposals: President Obama; Vice President Joe Biden; House Speaker John Boehner; Senate Majority Leader Harry Reid …. .
And Sue, Micah and Nick Hetrick.

No, we aren’t members of Congress. Nor are we cabinet secretaries or big-time lobbyists. We’re an Ohio family -- I’m the proud mother of Micah, 22, and Nick, 27. Along with representatives of the American Association of People with Disabilities and United Cerebral Palsy, we traveled to Washington this week to show the human face of the policies now under consideration. Our mission was to share our family’s story with officials in the White House and on Capitol Hill in order to protect Medicaid. This program, which has enabled our family to lead a fulfilling, healthy life, is on the chopping block. My family has something to say about that.

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Texans Must Be Up for the Task of Fixing its Tax System

noreply@blogger.com (American Forum) — Tue, 19 Jul 2011 17:15:00 +0000

TEXAS LONE STAR FORUM
By F. Scott McCown

When the legislative session began in January, Texas faced a crisis. The state was short roughly one-fourth of the money needed simply to do what it was already doing. The Center for Public Policy Priorities was part of a broad coalition that pushed for a balanced approach to the problem -- one that used the Rainy Day Fund in combination with targeted cuts and new revenue.

Others pushed for a cuts-only approach that slashed things like the number of teachers and payments to nursing homes. Initially, the House proposed a devastating cuts-only budget. In the end, with a slightly improved revenue projection and various one-time measures, the Legislature largely funded the Senate’s modestly better, but still damaging budget.

Texas is growing twice as fast as the nation. In the most recent decade, Texas’ child population growth accounted for over half of the child population growth in the entire country, making our state’s education system critical to our country’s future.

Contrary to any spin you’ve heard, the Legislature actually cut spending on public education. And the money the state is spending won’t go as far because of enrollment growth and higher costs.

How does Texas turn this around? We’ll need more than a stronger economy to solve our revenue problems.

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Debt Negotiations Threaten Florida’s Future

noreply@blogger.com (American Forum) — Thu, 14 Jul 2011 19:29:00 +0000

By Daniella Levine

Save lives or save money for the rich? Feed hungry children or subsidize the oil and gas industry? Stop buying ineffective military equipment or stop paying for job training? These questions are at the heart of the debate over reducing the federal deficit and raising the debt ceiling.

Negotiations are underway between Congressional leaders and President Obama and it’s clear that all parties want to significantly reduce the deficit.

But, there’s deep disagreement over how to achieve that goal. It’s time for Florida’s Congressional delegation to speak up on behalf of a balanced approach that makes prudent spending cuts and generates new revenue by asking a little more from those with the most.

Right now, many in Congress are rejecting any increase in federal revenues. They have embraced only spending cuts, including many that will harm vulnerable people and the economy as a whole.

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Wall Street Reform Act Deserves Implementation Now

noreply@blogger.com (American Forum) — Thu, 14 Jul 2011 19:18:00 +0000

AMERICAN FORUM
By Monique Perry Danziger

Section 1504 of the Dodd-Frank Wall Street Reform and Consumer Protection Act was an anti-corruption game-changer tucked into a historic, comprehensive piece of legislation aimed primarily at overhauling the nation’s financial regulatory structure. Since becoming law, anti-corruption and financial transparency proponents are still waiting for the law to be implemented.

Section 1504 of the Dodd-Frank Wall Street Reform Act would require oil, gas, and mining companies that must report to the SEC—approximately 90 percent of the major internationally operating oil and gas companies in the world—to disclose payments made to governments for the oil, gas, and minerals they extract. This would be a boon to anti-corruption workers trying to get the records straight when investigating bribery and corruption in developing countries. It also would serve investors looking to make informed decisions about their portfolios.

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Wal-Mart Ruling Paves Way for Women's Next Steps

noreply@blogger.com (American Forum) — Mon, 11 Jul 2011 18:51:00 +0000

Lilly Ledbetter

AMERICAN FORUM
By Lilly Ledbetter and Linda Hallman

Yesterday a sharply divided Supreme Court ignored more than 40 years of established jurisprudence in its Wal-Mart v. Dukes decision, which severely restricts the ability of employees to fight discrimination as a class-action group. In a deeply misguided opinion, the majority ruled that the women of Wal-Mart cannot band together nationwide and stand up as one against the biggest retailer in the world. It's hard to manage the court costs and find the courage to keep going. We only wish the women of Wal-Mart would not have to do that. Yet the high court decided they did not have enough in common to pursue a nationwide class-action suit, a sadly ironic twist for former employees of the great homogenizer of American retail.

The court’s decision was not related to the merits of the case, however, and the women of Wal-Mart are already planning how to proceed next, either individually or in smaller, reformulated class-action cases. In fact, Wal-Mart may rue the day it fought against allowing a single class-action case. The company’s gamble—that if it could throw up enough barriers, the women would quit—is not going to pay off, and the Goliath retailer may soon end up with more Davids than it ever wanted to fight.

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Save the Jack’s Fork and Current Rivers Now!

noreply@blogger.com (American Forum) — Wed, 06 Jul 2011 16:57:00 +0000

MISSOURI FORUM
By Patricia Brown, RN

It’s summer in Missouri, the peak time for canoeing on clear Ozark rivers.

Starting Memorial Day, I spent a week camping on the Jack's Fork River. Instead of the beautiful peace and quiet I was looking for, I saw inappropriate overuse of the river.

Because my father was born in Larkin "Holler" of Shannon County (I also have other relatives there) I have visited this area almost every year for the last 50 years. About 30 years ago I stopped canoeing there during the summer because the noisy crowds made it like a Worlds of Fun ride.

More recently, I've witnessed continued deterioration, with even more noise, and scenic disruption, from development of buildings, motorboats that zip by within yards of me snorkeling so that I almost inhale part of their waves, and bulldozers taking scoops of rock gravel beach.

My father had a chance to "get rich" gravel mining, but he valued the rejuvenation powers of those rivers and instead taught me to love them as they were -- which now stirs me to action. When I see things like this, or that red Allley Springs Mill in so many magazine photos, I get a sinking feeling that the memory of something precious to me has been made obscene.

The National Park Service is in the middle of drafting a General Management Plan that will guide management of the Ozark National Scenic Riverways (ONSR) -- the Current and Jack’s Fork Rivers -- for the next 20 years. Missourians should know that now is their chance to speak up about the problems confronting this gem of a river system, home to more first-magnitude size springs in one area than anywhere else on Earth.

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Climate Change: Follow the Scientists

noreply@blogger.com (American Forum) — Tue, 05 Jul 2011 19:27:00 +0000

AMERICAN FORUM
By Pat Byington

Dr. James McClintock, a renowned University of Alabama-Birmingham marine biologist who has conducted research in Antarctica for more than 25 years, told me the following story.

“You work in a scientific lab in the quietest place on Earth -- Antarctica.

"There’s a Crack! Boom!

"You rush to the window of your remote lab with a number of your fellow scientists, and you witness a glacier 'calving' a chunk of ice the size of a house into the water. Adrenaline permeates the room.

"Ten years ago, that exciting and incredible sight would happen about once a week. It was an event. Something rare.

"Today, at that same lab in Antarctica, the calving glacial ice, the explosive sounds, are a daily occurrence.

"The scientists are almost 'ho-hum' about it, barely lifting their heads to recognize the melting ice."

Such is life in a warming world.

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Washington Should Provide Straight Answers on Health Care

noreply@blogger.com (American Forum) — Fri, 01 Jul 2011 17:10:00 +0000

Anne Dunkelberg

Robert Restuccia

TEXAS LONE STAR FORUM

By Anne Dunkelberg and Robert Restuccia

Texans count on Medicaid and the Children’s Health Insurance Program (CHIP) every day. That’s why we need straight answers from elected officials about proposals to gut Medicaid and CHIP.

When our parents can’t live on their own, it’s Medicaid that provides help to keep them at home, or in nursing home care when home care isn’t enough. When our neighbors living with disabilities need wheelchairs, prosthetics and basic supports to stay independent, Medicaid allows them to continue contributing to our communities. And when parents can’t afford private health insurance or lose their jobs, Texas Medicaid and CHIP protect their kids from becoming uninsured by providing the preventive care they need to stay healthy and letting them see a doctor when they get sick or injured.

Medicaid’s federal and state partnership also protects Texas jobs. Clinics, doctors’ offices, hospitals and other health care businesses count on Medicaid for a dependable source of revenue that supports local jobs.

But Congress is considering proposals that put our families, friends, neighbors and local jobs at risk. Making Medicaid a fixed pot of money that doesn’t grow with need -- commonly referred to as a block grant -- or imposing an unrealistic health care spending cap would set arbitrary limits on federal Medicaid investments.

These proposals do nothing to bring down health care costs. Instead, they just shift costs from the federal government to states, and then on to taxpayers, families and charities. They leave states few choices. States can cut off coverage and make kids, seniors, families and people with disabilities uninsured, which is proven to raise premiums for everyone who has insurance and drives up costs when the uninsured are forced to seek expensive emergency room care.

They can cut payments to doctors’ offices, hospitals and nursing homes, but this puts care and jobs at risk. Congress shifting costs to states is just like an employer shifting more of the premium to the worker. Neither really reforms health care costs, they only push the costs to someone else. Either way, we pay.

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What is the Economy, Anyway?

noreply@blogger.com (American Forum) — Wed, 29 Jun 2011 19:54:00 +0000

By Ann Manning

The current GOP leadership and their colleagues in the Minnesota House and Senate are the unfortunate victims of the Taxpayer’s League and Governor Tim Pawlenty’s foolish “no new taxes, ever” pledge. I suspect many Republican legislators know that the best thing for Minnesota right now is to ask everyone to pay their fair share -- and that means a small tax increase for the top 2 percent of Minnesota’s high-income households.

When I hear the conservative mantra that we are unfairly “taking from the rich,” I want to remind them that in any legitimate democracy we all benefit from and “take” from each other and the rich do take from the middle class and the poor. The amazing public systems in this country -- physical infrastructure, patents and trademark protection, public schools, libraries, and hospitals -- are something we built together, as citizens. The wealthy have not only benefitted enormously from these investments we all helped build, but over the past 30 years, they have further used their wealth to enact tax policy to benefit themselves disproportionately to the rest of the citizens.

Corporations, who are also doing enormously well, have slowly but steadily eroded the power of workers and shifted a disproportionate share of the enormous economic growth in this country to the top. Wages and household income for the middle class and the poor are either flat or down over the past 30 years. We all know what’s happened at the top --astronomical increases in income and wealth. This is not the “invisible hand” of the market. This is cronyism in the boardrooms of America and the power of money to write the rules.

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Real Patriots Pay Taxes

noreply@blogger.com (American Forum) — Wed, 29 Jun 2011 15:14:00 +0000

By Scott Klinger and Holly Sklar

Some of our nation’s biggest corporations are planning a tax holiday and they want you to pick up the tab.

Actually, you already pay for their routine tax avoidance through the use of tax havens in Bermuda, the Cayman Islands and elsewhere. These accounting acrobatics cost the U.S. Treasury $100 billion a year. Now they want Congress to pass a special tax holiday for money they “repatriate” back to the United States.

There’s nothing patriotic about this repatriation being pushed by Google, Cisco, Pfizer and other companies in the Win America campaign. To sell the tax holiday, they claim it will produce a burst of jobs and investment. In fact, Congress passed a “one-time-only” tax holiday in 2004 with similar promises. Instead, it produced a burst of shareholder dividends and stock buybacks, which goosed the pay of CEOs.

Corporations laid off workers and shifted even more income and investment to offshore tax havens in the wake of the 2004 tax holiday.

“Why should we reward firms for successfully gaming the tax system when we in turn are called on to make up the missing tax revenues?” Edward Kleinbard, former chief of staff of Congress’s Joint Committee on Taxation, told Bloomberg. “Much of these earnings overseas are reaped from an enormous shell game: Firms move their taxable income from the U.S. and other major economies – where their customers and key employees are in reality located – to tax havens.”

A favorite accounting trick is transferring a patent from the U.S. parent company to a subsidiary – often a shell company – in a tax haven. Profits from the patent go largely untaxed offshore while the costs of development, marketing and management remain in the U.S. where they are taken as tax deductions.

Pfizer was the largest beneficiary of the last tax holiday, bringing $37 billion back to the United States and paying just $1.7 billion in federal corporate income taxes. It laid off 10,000 American workers in the following months. The U.S. is the world’s most profitable drug market and yet over the last three years, Pfizer – maker of Lipitor, Viagra and much more – has reported $7.9 billion in U.S. losses while claiming $37.8 billion in profits in the rest of the world. Pfizer, like the rest of Big Pharma, is heavily subsidized by taxpayer-funded research at the National Institutes of Health and elsewhere. It should not be rewarded with another tax holiday.

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