March, 31 2020, 12:00am EDT
Speaker Pelosi's Idea to Repeal SALT Caps in Coronavirus Stimulus Would Be a Huge Mistake
"If Democrats want to be the party of working people, prioritizing tax cuts for wealthy taxpayers, even in blue states, is not the right thing to do."
WASHINGTON
Last night, Speaker of the House Nancy Pelosi floated the idea that the next coronavirus stimulus package could include rolling back the Tax Cuts and Jobs Act's $10,000 cap on the state and local tax (SALT) deduction. While the SALT deduction cap disproprtionately impacts blue states, it also disproportionately impacts the wealthy, and repealing the cap would be extremely regressive.
In respose to this news, Morris Pearl, the Chair of the Patriotic Millionaires and a former managing director at BlackRock, Inc., said:
"The priority for Speaker Pelosi at this time should not be a tax break for the well to do. Repealing the SALT cap would be a huge mistake. The last people who need help right now are the well-off taxpayers who would be affected by this change. Congress should instead be prioritizing low-income and middle-class workers most directly hurt by the economic effects of the coronavirus. As a wealthy New Yorker, I'm not worried about my ability to deduct my state and local taxes, I'm worried about all the people who have lost their jobs or had their hours cut as a result of this crisis and how that will affect my state, my city, and my family in the long run.
"If Democrats want to be the party of working people, prioritizing tax cuts for wealthy taxpayers, even in blue states, is not the right thing to do. We already have too many politicians in Washington whose answer to every problem is to cut taxes for the rich."
The Patriotic Millionaires is a group of high-net worth Americans who share a profound concern about the destabilizing level of inequality in America. Our work centers on the two things that matter most in a capitalist democracy: power and money. Our goal is to ensure that the country's political economy is structured to meet the needs of regular Americans, rather than just millionaires. We focus on three "first" principles: a highly progressive tax system, a livable minimum wage, and equal political representation for all citizens.
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'Unacceptable,' Advocates Say as COP16 Ends Without Biodiversity Fund Deal
"Biodiversity finance remains stalled after a deafening absence of credible finance pledges from wealthy governments and unprecedented corporate lobbying," said one campaigner.
Nov 02, 2024
Officials at the international biodiversity conference that began in October were forced on Saturday to suspend talks without reaching an agreement on a key issue of the summit—a detailed finance plan for a dedicated biodiversity fund—after the meeting went into overtime and delegates began leaving.
The failure to reach an agreement on biodiversity finance was denounced by the head of environmental group Greenpeace's delegation at the 16th Conference of Parties (COP16) to the United Nations Convention on Biological Diversity (CBD), which took place over two weeks in Cali, Colombia.
"Governments in Cali put forward plans to protect nature but were unable to mobilize the money to actually do it," said An Lambrechts. "Biodiversity finance remains stalled after a deafening absence of credible finance pledges from wealthy governments and unprecedented corporate lobbying... Closing the finance gap was not merely some moral obligation but necessary to the protection of people and nature that grows more urgent each day."
Lambrechts added that with international leaders now preparing to attend the 2024 U.N. Climate Change Conference, or COP29, in Baku, Azerbaijan this month, "the non-decision on a fund damages trust between Global South and North countries."
The conference was aimed at ramping up progress toward meeting goals set by the Kunming-Montreal Global Biodiversity Framework in Canada in 2022. That framework calls for the protection of 30% of land and sea areas and the restoration of 30% of degraded ecosystems by 2030.
In Canada, delegations also agreed to phase out subsidies that are harmful to nature and to provide $200 billion per year for the protection of biodiversity by 2030, including $30 billion per year that would be transferred from rich to poor countries. A larger goal of ultimately generating $700 billion to protect nature was also part of the agreement.
About $15 billion was transferred in 2022, according to the Organization for Economic Cooperation and Development (OECD), and nations have pledged about $400 million to a Global Biodiversity Framework Fund.
But in Cali in recent days, Colombian environment minister Susana Muhamad offered a draft proposal for the establishment of a dedicated biodiversity fund—a priority for developing nations at the conference—only to have delegations including those from the European Union, Switzerland, and Japan reject the proposal.
"Two years ago, we made a commitment to do better and be better," said Jiwoh Abdulai, minister of environment and climate change for Sierra Leone. "This COP has neither delivered that additional funding nor given us confidence that governments will work together to deliver it in a transparent and urgent manner."
The Forests & Finance Coalition—which includes Amazon Watch, Rainforest Action Network (RAN), and Friends of the Earth U.S., among others—called the result of finance discussions at the meeting "disappointing."
"This latest development makes it all the more critical that banks and investors are stopped from financing destructive sectors that continue to drive nature loss and human rights abuses," said Tom Picken, RAN's forests and finance director.
Lambrechts acknowledged that "big pharma and big agribusiness failed to block a game-changing deal on corporate responsibility to pay up for nature protections."
COP16 delegates devised a plan to create a fund that would share the profits generated from digitally sequenced genetic data taken from plants and animals with the communities—mostly in the Global South—that the species come from.
Companies that make money from cosmetics, medicines, and other products that use digitally sequenced genetic data would pay into the fund, but the final agreement made participation voluntary, saying only that companies "should" contribute.
Indigenous delegates celebrated the creation of a permanent body within the CBD to represent the interests of Indigenous groups—a "historic victory," according to Leila Salazar-López, executive director of the nonprofit Amazon Watch.
A work plan was approved by the convention to expand the role of Indigenous people, local communities, and Afro-descendant people in the protection of biodiversity.
"Thanks to this new body and work plan approval, future COPs will work, amongst many other important issues, on land tenure, traditional knowledge and governance by Indigenous Peoples," said Isaac Rojas, forests and biodiversity coordinator for Friends of the Earth International (FOE). "It's a milestone in the struggle of Indigenous peoples for their rights. We congratulate them and share their joy following this win. But we have to remain vigilant, because these achievements may turn out to be empty words in view of the push for several false solutions."
FOE warned that false solutions, particularly biodiversity offsetting, were pushed heavily by corporations at the conference.
Corporate interests called for biodiversity credits—"tradeable assets intended to represent 'measurable outcomes'—such as protecting or restoring certain species or ecosystems, or parts of them," according to FOE. "Similar to carbon credits, they allow corporations to buy and sell these, to meet regulations or voluntary sustainability claims."
Nele Marien, forests and biodiversity co-coordinator for FOE, said Saturday that "corporations were here pushing very hard for all kinds of false solutions, for example on biodiversity offsetting, which had a lot of traction."
"They argue that they can keep pushing into new territories, and destroying these ecosystems, promising that they will compensate for this," said Marien. "This is simply impossible, because we don't have space in the world to compensate for these losses. Biodiversity offsetting is a mechanism that further perpetuates destruction, undermines human rights, and damages environmental justice."
A spokesperson for the CBD, David Ainsworth, told reporters that the conference would resume at a later date.
Estefania Gonzalez, deputy campaign director for Greenpeace Andino, said delegates were "able to take advantage of COP16 to bring much of the priority agenda of the Global South to the center of the negotiations, fighting to the last minute to reach agreements on financing."
But she added that "the resource mobilization committed by developed countries must be fulfilled immediately without further excuses."
"It is unacceptable that rich countries, besides failing to meet the $20 billion commitment," she said, "were unwilling to seek consensus on one of the most crucial issues: financing."
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Johnson Attempts Damage Control After Saying GOP, Trump Would Repeal Job-Creating CHIPS Act
"The Republican Speaker of the House just told the tens of thousands of construction workers building New York and America's future they want to send them pink slips ASAP," said Senate Majority Leader Chuck Schumer.
Nov 02, 2024
On MSNBC Friday night, U.S. Rep. Alexandria Ocasio-Cortez issued an unexpected "thank you" to House Speaker Mike Johnson—expressing appreciation for his admission that the GOP will try to repeal the CHIPS and Science Act, which has created more than 115,000 manufacturing jobs, if the party wins control of Congress and the White House.
"What I would like to thank Speaker Johnson for is his honesty and his forthrightness about what they plan to do with a Republican majority in the House of Representatives," said Ocasio-Cortez (D-N.Y.). "You heard it straight from the horse's mouth and we'll see exactly what happens if we allow a Republican majority in the House and a Donald Trump presidency."
The congresswoman was referring to an interview by Luke Radel, a student journalist at Syracuse University, who asked Johnson (R-La.) about Trump's recent comments that the CHIPS and Science Act is "so bad."
"You voted against it," said Radel. "If you have a Republican majority in Congress and Trump in the White House, will you guys try to repeal that law?"
"I expect that we probably will, but we haven't developed that part of the agenda yet," said Johnson before attempting to pivot to talking about Rep. Brandon Williams, a Republican who represents New York's 22nd District, where a $100 billion Micron Technology chipmaking facility has benefited from the CHIPS and Science Act.
"The Republican Speaker of the House just told the tens of thousands of construction workers building New York and America's future they want to send them pink slips ASAP," said Senate Majority Leader Chuck Schumer (D-N.Y.).
The exchange grew increasingly awkward as Radel asked Williams whether he would vote to repeal the legislation, signed by President Joe Biden in 2022, that Micron has said will create 50,000 semiconductor manufacturing jobs in the Syracuse area.
"No, obviously, the CHIPS Act is hugely impactful here, and my job is to keep lobbying on my side," said Williams. "I will remind [Johnson] night and day how important the CHIPS Act is and that we… break ground on Micron."
Speaking with anchor Chris Hayes on MSNBC, Ocasio-Cortez said the CHIPS Act "is not a remote and faraway thing for workers" in Upstate New York, Michigan, Arizona, and other states where jobs have been created by the legislation.
For thousands of workers, the law represents "the jobs and especially the union jobs that result and are created, that people can actually take and will help them put food on the table without having to work triple or double overtime in order to accomplish that," said Ocasio-Cortez. "People in Buffalo, people in Upstate New York, people in Michigan, they hear about the plant that they work at."
The International Brotherhood of Electrical Workers (IBEW) echoed the congresswoman's sentiment, saying Johnson's plan to repeal the CHIPS Act would impact "tens of thousands of IBEW jobs created by this administration."
"We are NOT going back," said the union.
Johnson's remark got the attention of other politicians whose states have benefited from the law, including Sen. Mark Kelly (D-Ariz.), Rep. Jasmine Crockett (D-Texas), and Michigan Gov. Gretchen Whitmer.
Less than two weeks ago, Whitmer announced that through the CHIPS Act, the Biden administration had provided $325 million in direct funding to Michigan manufacturer Hemlock Semiconductor, allowing it to create over 1,000 good-paying construction jobs to build a new facility as well as 180 permanent manufacturing jobs.
"Mike Johnson's asinine admission that he would repeal the CHIPS Act if Republicans and Trump win the election is a complete disaster for thousands of Michigan workers relying on the jobs that this legislation provides," said the Democratic governor. "Make no mistake, a repeal of the CHIPS Act would kill thousands of good-paying manufacturing jobs right here in Michigan."
Johnson attempted to do damage control, saying he had "misheard the question," but Radel noted that he was standing close to the House speaker when he asked about the CHIPS Act and others commented that the word "repeal" was said clearly. Williams and Johnson also tried to backtrack during their exchange with the student journalist, saying they aimed only to reform the law—but as Radel noted, the former president has made clear he opposes the CHIPS Act.
Vice President Kamala Harris' Democratic presidential campaign said Johnson's threat to repeal the CHIPS Act is the latest of several recent questionable "promises" made by Trump and his surrogates in the last days before the election.
"Mike Johnson wants to lose Arizona, Georgia, Michigan, and North Carolina jobs," said James Singer, a rapid response adviser to Harris, posting an image showing where the CHIPS Act has created semiconductor manufacturing jobs.
Johnson's comments came as Ocasio-Cortez, United Auto Workers president Shawn Fain, Rep. Rashida Tlaib (D-Mich.), and others were rallying Michigan UAW members at a labor-focused get-out-the-vote event in Detroit.
"I do not see elections as an endpoint," Ocasio-Cortez told UAW members at the rally. "They are a waypoint... Because the larger task that we have today is organizing a mass movement of labor in the United States of America. We have a generational task ahead of us, and electing Kamala Harris is an opening silo to the movement that we are about to embark upon."
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South Carolina Execution 'Assembly Line' Rolls On With Killing of Richard Moore
"The state is motivated to kill condemned people as quickly as possible, and they do that despite evidence that might change their minds," said one anti-death penalty campaigner.
Nov 01, 2024
Despite pleas from his sentencing judge, jurors in his trial, and the former head of the state Department of Corrections, South Carolina executed Richard Moore by lethal injection Friday evening after Republican Gov. Henry McMaster and the U.S. Supreme Court declined to intervene in the latest in a series of state-sanctioned killings.
The Charleston Post and Courierreported that Moore was pronounced dead at 6:24 pm local time, 21 minutes after the lethal injection was administered.
"Tonight, the state of South Carolina needlessly took the life of Richard Moore—a loving father and grandfather, a loyal friend, and a devoted follower of Christ," the criminal justice reform group Justice 360 said in a statement. "He was not a danger to anyone, and the state eliminated a glowing example of reform and rehabilitation."
Moore, 59, was convicted of the 1999 murder of convenience store clerk James Mahoney. Moore—who was unarmed when he entered the store—argued that he shot Mahoney in self-defense after the clerk pulled out a gun during an argument over correct change. An all-white jury found Moore guilty of murder and armed robbery.
"This is definitely part of my life I wish I could change. I took a life. I took someone's life. I broke the family of the deceased," Moore said in a video accompanying his clemency petition. "I pray for the forgiveness of that particular family."
Death penalty opponents said Moore's case underscores capital punishment's literally fatal flaws.
"Richard Moore's case, like those of so many others on death row, was tainted with racial bias, including as the two prospective Black jurors were peremptorily dismissed, resulting in an all-white jury," Amnesty International USA researcher Justin Mazzola said in a statement after the execution.
"In addition to the racial bias, the crime that Moore committed was not premeditated, which raised serious concerns as to whether it rose to the level for which the death penalty is reserved in U.S. constitutional law," Mazzola added. "It's shameful that racial bias and lack of premeditation were not enough to convince Gov. McMaster to grant clemency to Richard Moore. Gov. McMaster could have used his clemency power instead of overseeing yet another execution in his state."
Moore was initially forced to choose whether he would be killed by electric chair or firing squad following the 2021 passage by South Carolina's Republican-led Legislature of a new capital punishment law amid a shortage of the lethal injection drug pentobarbital. Moore chose the firing squad.
In 2022, the South Carolina Supreme Court temporarily stayed Moore's execution. He subsequently changed his choice of execution method after the state restocked pentobarbital.
Advocates for Moore pointed to his flawless prison behavior and mentorship to other inmates. Among those urging clemency for Moore were Retired Circuit Court Judge Gary Clary, who sentenced Moore to die.
"Over the years I have studied the case of each person who resides on death row in South Carolina," Clary wrote to McMaster on Tuesday. "Richard Bernard Moore's case is unique, and after years of thought and reflection, I humbly ask that you grant executive clemency to Mr. Moore as an act of grace and mercy."
Jon Ozmint, director of the South Carolina Department of Corrections (SCDC) from 2003 to 2011, wrote, that that Moore "has proven himself to be a reliable, consistent force for good on death row."
However, McMaster informed SCDC Director Bryan Stirling Friday that he had "carefully reviewed and thoroughly considered" Moore's application and "declined to grant executive clemency in this matter."
Moore is the second person executed in South Carolina since it resumed executions. In September, the state killed 46-year-old Freddie Owens. Four more South Carolina death row inmates have exhausted their appeals. They are likely to be executed in the coming months.
"It's like an assembly line," Paul Bowers of the ACLU of South Carolina toldThe Guardian. "The state is motivated to kill condemned people as quickly as possible, and they do that despite evidence that might change their minds."
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