August, 06 2020, 12:00am EDT
Sanders, Colleagues Introduce Tax on Billionaire Wealth Gains to Provide Health Care for All
WASHINGTON
Today, Senators Bernie Sanders (I-Vt.), Ed Markey (D-Mass.), and Kirsten Gillibrand (D-N.Y.) introduced a 60-percent tax on the windfall wealth increases of billionaires during this pandemic, creating enough revenue to cover all out-of-pocket medical expenses for every person in America for a year.
The Make Billionaires Pay Act would tax the $731 billion in wealth accumulated by 467 billionaires--the richest 0.001% of America--a from March 18th until August 5th, a period in which 5.4 million Americans recently lost their health insurance and 50 million applied for unemployment insurance.
"The legislation I am introducing today will tax the obscene wealth gains billionaires have made during this extraordinary crisis to guarantee healthcare as a right to all for an entire year," said Sanders. "At a time of enormous economic pain and suffering, we have a fundamental choice to make. We can continue to allow the very rich to get much richer while everyone else gets poorer and poorer. Or we can tax the winnings a handful of billionaires made during the pandemic to improve the health and well-being of tens of millions of Americans. In my view, it is time for the Senate to act on behalf of the working class who are hurting like they have never hurt before, not the billionaire class who are doing phenomenally well and have never had it so good."
"As more than 160,000 Americans have lost their lives and millions more have lost their jobs, it is unconscionable that the super-wealthy are getting even richer in the midst of this crisis," said Markey. "Despite overwhelming need, Republicans continue to look for any excuse under the guise of deficit reduction to cut vital support programs like jobless aid and health insurance for the most vulnerable. The American people pay with their lives every day for the criminal negligence of the Trump administration to combat the coronavirus. It is time the country's wealthiest do the same off with their profits."
According to Americans for Tax Fairness and the Institute for Policy Studies, a tax of 60 percent on the windfall wealth gains among fewer than 500 billionaires from March until August would raise $421.7 billion--enough to empower Medicare to pay all of the out-of-pocket healthcare expenses for everyone in America over the next 12 months, according to estimates from the Committee for a Responsible Federal Budget. The wealth tax would remain in effect until January 1, 2021.
The Make Billionaires Pay Act would still leave America's billionaires with more than $310.1 billion in wealth gains during the worst economic downturn since the Great Depression. However, under the legislation:
- Jeff Bezos, the richest man in America, would pay a one-time wealth tax of $42.8 billion.
- Elon Musk, whose wealth has nearly tripled during the pandemic, would pay a one-time wealth tax of $27.5 billion.
- Mark Zuckerberg, the co-founder of Facebook, would pay a one-time wealth tax of $22.8 billion.
- The Walton family, the wealthiest family in America, would pay a one-time wealth tax of $12.9 billion.
As a result of Trump's tax giveaway to the rich, these billionaires currently pay a lower effective tax rate on average than teachers or truck drivers.
"Everyone has suffered during the pandemic--from lost lives, lost jobs, lost chances--everyone, that is, except America's billionaires," said Frank Clemente, executive director of Americans for Tax Fairness. "Senator Sanders's bill recognizes that a good chunk of the obscene growth in wealth by the richest Americans during a national emergency should be used to help us all survive and recover."
"The Covid-19 crisis further worsens inequality. While the working class struggles with job and income loss, billionaires' wealth has already fully bounced back and sometimes greatly surpassed pre-Covid levels," said Emmanuel Saez, Professor of Economics at the University of California, Berkeley. "So far, the US government has borrowed from the rich to provide relief. It is only fair to also ask for direct contributions from the richest to the covid relief effort. Senator Sanders' bill takes a bold and innovative step in this direction, paving the way to make billionaires finally pay a fair share of their enormous gains."
"As our country faces vast economic and health needs, billionaires continue to display their appetite for greed," said Susan Harley, Managing Director of Public Citizen's Congress Watch division. "The Make Billionaires Pay Act smartly uses our tax code to take on the co-crises of COVID-19 health care disparities and the gaping income inequalities in our nation."
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57 House Dems Call On Biden to Prevent Israeli Assault on Rafah
"An offensive invasion into Rafah by Israel in the upcoming days is wholly unacceptable."
May 01, 2024
Dozens of U.S. House Democrats on Wednesday joined Congresswomen Pramila Jayapal and Madeleine Dean in pressuring President Joe Biden to prevent a full-scale Israeli assault on Rafah, a city in the southern Gaza Strip that's now full of over a million displaced Palestinians.
"We write with urgency to say: an offensive invasion into Rafah by Israel in the upcoming days is wholly unacceptable," states the letter from Jayapal (D-Wash.), Dean (D-Pa.), and 55 other members of Congress. "We welcome your administration's efforts to dissuade the Israeli government from this military operation, which would deepen both the humanitarian catastrophe for people in Gaza and the strategic challenges that regional and global stakeholders face in this conflict."
"We now urge you to enforce U.S. law and policy by withholding certain offensive weaponry or other military support that can be used for an assault on Rafah, including the offensive weaponry and aid already signed into law," the letter continues.
The Democrats highlighted how Israel's retaliation for the Hamas-led October 7 attack has impacted the city:
Rafah has become one of the most overcrowded places in the world. With shelters too full and insufficient, many families now live on the streets. The collapsed health infrastructure, in addition to sewage overflow and the scarcity of food, water, and medicine, has accelerated the onset of severe malnutrition and the spread of communicable diseases. Acute food insecurity is endemic in Rafah, even as the international community circulates credible reports that famine is setting in elsewhere in Gaza—all as a result of six months of military operations that you have described as "indiscriminate." In addition, we know in fact that Israeli strikes on Rafah have already occurred, including one on April 20th that killed 18 people, including 14 children.
Across the Gaza Strip, Israeli forces have killed 34,568 people and wounded another 77,765—mostly women and children—while leaving thousands more missing in the rubble of bombed buildings, including homes, hospitals, schools, and mosques.
Biden has resisted mounting global pressure to limit or fully cut off military aid to Israel, which the International Court of Justice in January concluded is "plausibly" committing genocide against Palestinians in Gaza. That case is ongoing.
"In addition to the catastrophic civilian toll—and risk to as many as 130 hostages, including as many as six or more Americans—an offensive in Rafah would ultimately undermine the Israeli and U.S. governments' strategic interests," the Democrats argued. "Israeli and U.S. military bases in the region have recently been the targets of repeated drone and missile attacks—a dangerous indication of how unstable the Middle East has become as a result of the Gaza war."
"An Israeli offensive in Rafah risks the start of yet another escalatory spiral, immediately putting the region back on the brink of a broader war that neither Israel nor the United States can afford," they warned. Along with calling on the president to withhold aid to Israel to protect civilians in Rafah, the lawmakers urged Biden to keep working "toward achieving a lasting cease-fire that will bring hostages home and build a path toward safety and security for all."
They also said that "it is of the utmost importance that both Hamas and Israel immediately come to the table with the international community for a mutually agreed ceasefire deal that can secure the safe return of hostages, full resumption of humanitarian aid, and the space for a negotiated, long-term peace in the region."
The letter comes a week after Biden signed a foreign aid package that included $26 billion for Israel and passed both chambers of Congress with bipartisan support. Jayapal and three dozen other Democrats opposed the Israel Security Supplemental Appropriations Act, which ultimately passed.
In a joint statement last month, the Washington Democrat and 18 of her colleagues said that "our votes against H.R. 8034 are votes against supplying more offensive weapons that could result in more killings of civilians in Rafah and elsewhere."
Israeli Prime Minister "Benjamin Netanyahu appears willing to sacrifice the hostages while inflicting extraordinary suffering on the people of Gaza. He is willing to expand this conflict to preserve his power at the expense of Israel's safety," they continued, noting concerns about an invasion of Rafah. "When faced with the question of whether to provide offensive aid to further this conflict, we believe there is a moral imperative to find another path."
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Cutting Ties With Israel, 'One Colombia Shows Far More Courage Than the Other Columbia'
"The times of genocide and extermination of an entire people cannot return," said leftist Colombian President Gustavo Petro. "If Palestine dies, humanity dies."
May 01, 2024
In sharp contrast with Columbia University in New York City, Colombian President Gustavo Petro on Wednesday announced the imminent suspension of diplomatic relations with Israel over that country's assault on Gaza.
"The government of change informs that as of tomorrow diplomatic relations with Israel will be broken... for having a government, for having a president who is genocidal," Petro told a crowd in the capital Bogotá during an International Workers' Day event, referring to Israeli Prime Minister Benjamin Netanyahu.
"The world could be summed up in a single word that vindicates the necessity of life, rebellion, the raised flag, and resistance," the leftist leader added. "That word is called Gaza. It is called Palestine. It is called the children and babies who have died dismembered by the bombs."
"The times of genocide and extermination of an entire people cannot return. If Palestine dies, humanity dies," he added as the crowd started chanting, "Petro! Petro! Petro!"
Colombia joins at least nine other nations—including Bahrain, Belize, Bolivia, Chad, Chile, Honduras, Jordan, South Africa, and Turkey—that have either recalled their ambassadors from Israel or broken off relations in response to Israel's assault on Gaza, which has killed, maimed, or left missing more than 123,000 Palestinians and forcibly displaced around 90% of the besieged strip's 2.3 million people.
In late October, Colombia became one of the first countries to recall its ambassador from Israel, a move that came amid a diplomatic fracas between Bogotá and Tel Aviv sparked by Petro's comparison of Israeli leaders' dehumanizing and genocidal statements about Palestinians with "what the Nazis said about the Jews."
Petro also called Gaza—often described as the "world's largest open-air prison"—a "concentration camp."
After Israel accused Petro of "hostile and antisemitic statements" and "support for the horrific acts of Hamas terrorists," the Colombian president hit back, saying Israel's war on Gaza is "genocide."
Last month, Colombia asked the International Court of Justice to join the South African-led genocide case against Israel, which is supported by over 30 nations. In January, the ICJ issued a preliminary ruling that found Israel is "plausibly" committing genocide in Gaza and ordered its government to prevent genocidal acts.
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GOP Farm Bill Blueprint 'Puts Big Ag's Profits Over Everyone Else'
"America's farmers and consumers need forward-looking policies that build a sustainable, resilient, and fair food system," said one campaigner.
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As Democratic and Republican leaders on Wednesday unveiled competing visions for the next Farm Bill, green groups sounded the alarm about the GOP proposal that "slashes nutrition programs and climate-focused conservation funding in order to boost commodity crop production."
U.S. House Committee on Agriculture Chair Glenn "GT" Thompson (R-Pa.) put out a "title-by-title overview" of priorities and announced plans for a legislative markup on May 23 while Senate Agriculture, Nutrition, and Forestry Committee Chair Debbie Stabenow (D-Mich.) released the Rural Prosperity and Food Security Act, which includes over 100 bipartisan bills.
"The contrast between the House and Senate farm bill proposals could not be clearer," asserted Environmental Working Group senior vice president for government affairs Scott Faber. "The Senate framework would ensure that farmers are rewarded when they take steps to reduce greenhouse gas emissions, and the House framework would not."
"At a time when farmer demand for climate-smart funding is growing, Congress should ensure that support for farmers offering to reduce nitrous oxide emissions from fertilizer, and methane emissions from animals and their waste, is the Department of Agriculture's top priority," Faber said. "Unless farmers are provided the tools to reduce nitrous oxide and methane emissions from agriculture, farming will soon be the nation's largest source of greenhouse gas emissions."
Friends of the Earth senior program manager Chloe Waterman declared that "House Republicans have proposed a dead-on-arrival Farm Bill framework that puts Big Ag's profits over everyone else: communities, family farmers, consumers, states and local rule, farmed animals, and the planet."
"Senate Democrats are off to a much better start than the House, but they have also fallen short by failing to shift subsidies and other support away from factory farming and pesticide-intensive commodities toward diversified, regenerative, and climate-friendly farming systems," she added. "We are particularly concerned that millions of dollars intended for climate mitigation will continue to be funneled to factory farms, including to support greenwashed factory farm gas."
Both Waterman's organization and Food and Water Watch spotlighted the Ending Agricultural Trade Suppression (EATS) Act, which aims to prevent state and local policies designed to protect animal welfare, farm workers, and food safety—like California's Proposition 12, which the U.S. Supreme Court upheld last year. The Republican bill is opposed by more than 200 members of Congress and over 150 advocacy groups.
"Despicable ploys to undermine critical consumer and animal welfare protections must be dead on arrival," Food & Water Watch senior food policy analyst Rebecca Wolf said in a Wednesday statement blasting the House GOP's priorities.
"America's farmers and consumers need forward-looking policies that build a sustainable, resilient, and fair food system," she stressed. "Instead, House leadership seems poised to take us backwards, trading state-level gains for a few more bucks in the pockets of corporate donors. Congress must move beyond partisan bickering, and get to work on a Farm Bill that cuts handouts to Big Ag and factory farms."
As green groups slammed the GOP's agricultural proposals for the Farm Bill, the Center on Budget and Policy Priorities (CBPP) called out the Republican scheme to attack food stamps.
Stabenow's bill "would protect and strengthen the Supplemental Nutrition Assistance Program (SNAP), our nation's most important and effective anti-hunger program," noted Ty Jones Cox, CBPP's vice president for food assistance.
Meanwhile, Thompson's plan "would put a healthy diet out of reach in the future for millions of families with low incomes by cutting future benefits for all SNAP participants and eroding the adequacy of SNAP benefits over time," she warned.
As Jones Cox detailed:
Thompson's proposal would prevent SNAP benefits from keeping pace with the cost of a healthy, realistic diet over time, which the Congressional Budget Office estimates would result in a roughly $30 billion cut to SNAP over the next decade. The proposal would do this by freezing the cost of the U.S. Department of Agriculture's Thrifty Food Plan (the basis for SNAP benefit levels) outside of inflation adjustments, even if nutrition guidelines or other factors change the cost of an adequate diet. The Thompson proposal's modest benefit improvements do not outweigh the harm to the tens of millions of SNAP participants—including children, older adults, and people with disabilities—who would receive less food assistance in the future because of this policy.
"Stabenow's proposal rejects the false premise that improvements in SNAP must come at the expense of food assistance for low-income families who count on SNAP to put food on the table," she concluded. "The Senate framework, which rejects harmful benefit cuts, should be the basis for farm bill negotiations moving forward."
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