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greg casar
Dems Name and Shame Companies Paying Executives More Than They Pay in Federal Taxes
"In the first five years following the 2017 giveaway, 35 companies raked in $277 billion in domestic profits and paid their executives $9.5 billion."
Sep 27, 2024
A group of congressional Democrats and Independent Sen. Bernie Sanders on Friday highlighted dozens of profitable U.S. corporations that have paid their executives more than they've paid in federal income taxes in recent years, a problem that the lawmakers attributed in large part to former President Donald Trump's massive tax-cut package that Republicans are working to extend.
"In the first five years following the 2017 giveaway, 35 companies raked in $277 billion in domestic profits and paid their executives $9.5 billion—more than they paid in federal income taxes," the lawmakers noted in letters to each of the companies, pointing to recent research by the Institute for Policy Studies and Americans for Tax Fairness.
"Next year, Congress will decide what to do with these corporate giveaways. Republicans have promised to go even further if elected and cut the corporate income tax rate from 21% to 15%," the lawmakers continued. "This additional tax giveaway would provide Fortune 100 corporations as a whole with another $50 billion each year, more than all current K-12 federal education spending."
"The windfall from TCJA to big businesses, executives, and wealthy shareholders is unmistakable."
Sens. Elizabeth Warren (D-Mass.) and Sheldon Whitehouse (D-R.I.) in the Senate and Rep. Greg Casar (D-Texas) in the House led the letters to the 35 companies, a list that includes high-profile names such as Netflix, Ford, and Tesla, whose CEO is the richest man in the world.
"Tesla is among the most dramatic examples of this phenomenon—big, profitable corporations that have actually been paying their top executives more than they pay the government in federal income taxes," the lawmakers wrote. "According to an analysis by the Institute for Policy Studies and Americans for Tax Fairness, in the period between 2018 and 2022, Tesla raked in $4.4 billion in profits and did not pay a single dollar in federal income tax."
During that same period, Tesla chief executive Elon Musk received "the largest pay package ever recorded for a company's CEO," the lawmakers observed.
The other companies that have paid their top executives more than they've paid in federal taxes in recent years are T-Mobile, AIG, NextEra, Darden, MetLife, Duke Energy, First Energy, DISH, Principal Financial, American Electrical Power, Kinder Morgan, Dominion, Oneok, Williams, Xcel Energy, NRG Energy, Salesforce, DTE Energy, Ameren, Sempra Energy, U.S. Steel, Entergy, AmerisourceBergen, PPL, CMS Energy, Evergy, Voya Financial, Atmos Energy, Alliant Energy, Match Group, UGI, and Agilent Tech.
The lawmakers demanded that the companies' CEOs answer several questions, including how much the corporations would have paid in federal taxes had the 2017 Tax Cuts and Jobs Act (TCJA) not been enacted and how much they've spent on lobbying to keep the Republican law intact.
"The windfall from TCJA to big businesses, executives, and wealthy shareholders is unmistakable," the letters read. "A recent analysis by the Institute on Taxation and Economic Policy found that 342 companies paid an average effective income tax rate of just 14.1% during the five years after TCJA passed, almost a third less than the 21% statutory rate. The gains do not 'trickle down'—90% of workers saw no earnings increase, while executives making $989,000 per year or more got an average raise of $50,000."
The letters were released days after the Economic Policy Institutereleased an analysis showing that CEO pay has soared by 1,085% since 1978 while the pay of typical U.S. workers has grown by just 24%.
The 2017 Trump-GOP tax law led major companies to splurge on stock buybacks, a major gift to corporate executives whose annual compensation packages consist largely of stock.
"President [Joe] Biden and Democrats in Congress are committed to making corporations pay their fair share," the lawmakers wrote in their letters. "In the 2022 Inflation Reduction Act, we passed the first corporate tax increase in 30 years with the 15% corporate minimum tax. Though significant, raising $222 billion from billion-dollar corporations, it is not enough on its own to undo the corporate tax giveaways signed into law by President Trump and ensure that corporations pay their fair share."
"Next year," they added, "Congress has an opportunity to take bigger strides in reforming our tax code—to raise the corporate rate, close loopholes, and hold big businesses to the same standards as everyday working Americans who pay their fair share."
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House Dems Unveil Sweeping Bill to Protect Worker Rights and Safety
"This bill will help level the playing field and, once again, restore the balance of power between workers and their employers," said Rep. Bobby Scott.
Jul 26, 2024
A group of Democratic U.S. House members on Friday unveiled legislation "aimed at bolstering protections for America's workers and ensuring accountability for employers who flout labor and employment laws."
The Labor Enforcement to Securely (LET'S) Protect Workers Act was introduced by Rep. Bobby Scott (D-Va.)—the ranking member of the House Committee on Education and the Workforce—and House Labor Caucus Co-Chairs Mark Pocan (D-Wis.), Debbie Dingell (D-Mich.), Donald Norcross (D-N.J.), and Steven Horsford (D-Nev.).
The bill's sponsors said their legislation is based on the premise that "employment laws are a promise to our nation's workers" meant to "secure the most basic rights of work."
"That promise is broken," they contended. "Recent shocking revelations about massive increases in the number of children illegally overworked and trafficked into dangerous jobs—just over 85 years since the passage of the Fair Labor Standards Act, which was enacted to eliminate that very problem—is the latest example of the ways that this promise to America's workers is broken."
Across the U.S., Republican state lawmakers have been advancing legislation to remove restrictions on child labor, despite several high-profile workplace deaths of minors. At the federal level, Sen. James Risch (R-Idaho) and Rep. Jared Golden (D-Maine) last year introduced a bill that would allow 16- and 17-year-olds to work in the logging industry.
The LET'S Protect Workers Act sponsors highlighted rampant wage theft and overtime violations, workplace injuries, and union-busting by employers who "know that even if a resource-starved Department of Labor catches a violation, the penalties are a mere slap on the wrist."
"People should be able to come home at the end of the day—alive, well, in one piece, and with all the wages they worked hard to earn," the lawmakers asserted. "Children should be in schools, not dangerous workplaces, and workers should be able to organize a union without interference or the threat of retaliation from their employers."
According to House Education and Workforce Committee Democrats, if passed, the LET'S Protect Workers Act would:
- Increase civil monetary penalties for violations of child labor, minimum wage and overtime, worker health and safety, and farmworker protection standards;
- Improve mine safety and reliable funding of black lung benefits through new and increased civil monetary penalties and the option to shut down scofflaw operators;
- Set new penalties for retaliation against workers who exercise their family and medical leave rights;
- Strengthen enforcement of mental health parity requirements for employer-sponsored health plans;
- Close a loophole that allows employers to escape penalties for failing to keep records of workplace injuries if [the Occupational Safety and Health Administration] does not detect the violation within six months; and
- Create new penalties for violations of the National Labor Relations Act, consistent with the Richard L. Trumka Protecting the Right to Organize (PRO) Act.
"Every American should be fairly compensated and be able to return home safely at the end of the day," Scott said in a statement Friday. "Unfortunately, shortcomings in our labor laws enable unethical employers to exploit workers, endanger children, and suppress the right to organize—with little accountability."
"That's why I'm proud to introduce the LET'S Protect Workers Act, which will hold bad actors accountable and strengthen penalties for labor law violations," he added. "This bill will help level the playing field and, once again, restore the balance of power between workers and their employers."
In a joint statement, Dingell, Horsford, Norcross, and Pocan said that "the lack of meaningful enforcement makes it all too easy for bad faith actors to get away with illegally violating workers' rights—from firing workers for organizing a union, to allowing children to work overnight shifts, or jeopardizing workers' safety by ignoring workplace regulations."
"We're proud to join Ranking Member Scott in introducing this bill to crack down on unscrupulous employers and to ensure that workers receive the protections they deserve," the lawmakers added.
Earlier this month, nearly 50 labor organizations led by the AFL-CIO and representing a wide range of U.S. workers urged congressional Democrats to resist Republican efforts to roll back rules enacted by the Biden administration to protect worker rights amid relentless attacks by abusive employers.
Specifically, the labor groups warned that Republicans are trying to use the Congressional Review Act—which was enacted to strengthen oversight of federal rulemaking—to overturn pro-worker rules enacted by the Department of Labor and other government bodies.
Meanwhile, Republicans including former President Donald Trump—the 2024 GOP nominee—have been trying to woo U.S. workers with proposals including a tax exemption for tipped employees panned as a "
hollow promise" by experts and by inviting Teamsters president Sean O'Brien to speak at the Republican National Convention last week.
In response to Republicans' dubious courting of U.S. labor, Rep. Greg Casar (D-Texas)—who is a co-sponsor of the LET'S Protect Workers Act—recently called for holding what would be a largely symbolic vote on the PRO Act. The bill was revived last year by Scott and Sen. Bernie Sanders (I-Vt.) and, if passed, would expand labor protections including the right to organize and collectively bargain.
"If Republicans wanna talk like they're pro-worker, then let's have a vote on the PRO Act next week," Casar
said on social media last week. "Let's see which politicians are for unions and which ones are all talk. Dems are ready to vote, how about you guys?"
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'Guilty of Genocide': Tlaib Protests Netanyahu's Speech to Congress
"I will never back down in speaking truth to power. The apartheid government of Israel is committing genocide against Palestinians."
Jul 24, 2024
Following her call for Israeli Prime Minister Benjamin Netanyahu's arrest during his visit to Washington, D.C., U.S. Rep. Rashida Tlaib protested the right-wing leader's Wednesday address before a joint meeting of Congress by holding up a sign reading "war criminal" and "guilty of genocide."
"They will not erase us. Palestinians exist and we deserve to live. Our presence today will be a reminder that we aren't going anywhere," Tlaib (D-Mich.) said on social media. "I will never back down in speaking truth to power. The apartheid government of Israel is committing genocide against Palestinians."
Tlaib—the only Palestinian American member of Congress—brought a guest: Hani Almadhoun, "who has lost over 150 members of his extended family in Netanyahu's genocide" in Gaza.
"After witnessing his sister forced to eat animal feed, he and his family were determined to start a soup kitchen to feed their starving neighbors," the congresswoman said. "The Israeli apartheid regime is using starvation as a weapon of war, a war crime."
More than 135 congressional Democrats, Rep. Thomas Massie (R-Ky.), and U.S. Sen. Bernie Sanders (I-Vt.) boycotted Netanyahu's speech.
"Netanyahu is not only a war criminal. He is a liar," Sanders said on social media. "All humanitarian organizations agree: Tens of thousands of children face starvation because his extremist government continues to block aid. Israelis want him out of office. So he came to Congress to campaign."
Rep. Alexandria Ocasio-Cortez (D-N.Y.) said, "Just so we're clear, Netanyahu has lost so many people that he is addressing just a fraction of Congress."
"When this happens, they fill the seats with nonmembers, like what they do at award ceremonies, in order to project the appearance of full attendance and support."
Rep. Sara Jacobs (D-Calif.) said on social media: "I won't attend Prime Minister Netanyahu's speech today. His military has reportedly killed over 39,000 Palestinians. He hasn't brought the hostages home. He hasn't made Israel any safer. We need tangible actions to end this war and all the suffering—not performative gestures."
"It's *because* of my Jewish upbringing and values that I cannot attend Prime Minister Netanyahu's address today," she explained.
Rep. Greg Casar (D-Texas) said in statement: "I am boycotting Netanyahu's address. Today, families of Israeli hostages called the prime minister's speech a 'PR stunt' intended to cover up his own failures."
"Not only has Netanyahu failed to safely return the hostages—he has killed, harmed, or displaced nearly every Palestinian in Gaza, has failed to keep Israelis safe, and is risking the United States' own security by trying to drag us into another endless war in the Middle East," he continued.
"The United States must end unconditional military aid to the Israeli government, and instead secure an immediate cease-fire, a return of the hostages, and long-term peace," Casar added.
Rep. Jamaal Bowman (D-N.Y.) wished Tlaib a happy birthday in a social media post saying, "To my sister Rashida: You were born for a time like this."
"The only Palestinian in Congress during a genocide of your people," he added. "Sitting through a speech of that war criminal as colleagues applaud. You stand strong. We love and honor you."
Stephen Miles, president of the peace group Win Without War, said in a statement that "we are grateful to the many, many members of Congress who chose to not attend Israeli Prime Minister Netanyahu's speech to Congress today."
"This was a political stunt dreamed up by a House speaker trying to score political points and embraced by the prime minister as a desperate ploy to try and blunt the massive global condemnation and domestic political opposition he faces," Miles added. "It's a speech that never should have happened."
Vice President Kamala Harris, who is also the Senate president, did not preside over Wednesday's meeting. Harris, the presumptive Democratic presidential nominee in the wake of President Joe Biden's withdrawal from the race earlier this week, is scheduled to meet privately with Netanyahu on Thursday.
Netanyahu's speech—which was met with frequent uproarious applause from lawmakers and other attendees—took aim not only at Hamas "monsters," but also against "Iran's axis of terror," which he said "confronts America, Israel, and our Arab friends."
"This is not a clash of civilizations, it's a clash between barbarism and civilization, between those who glorify death and those who sanctify life," said the leader of a nation whose armed forces have killed or wounded more than 130,000 Palestinians in Gaza.
Netanyahu condemned what he called the "slanders that paint Israel as racist and genocidal" that are "meant to demonize the Jewish state and demonize Jews everywhere."
Taking aim at pro-Palestinian protests across the United States— many of them Jewish-led—Netanyahu lamented that "many anti-Israel protesters choose to stand with evil. They stand with Hamas. They stand with rapists and murderers."
"For all we know, Iran is funding the protests that are taking place outside right now," Netanyahu said, citing unsubstantiated Biden administration claims. "When the tyrants of Tehran, who hang gays from cranes and murder women for not covering their hair, are praising, promoting, and funding you, you have officially become Iran's useful idiots."
"Some of these protesters hold up signs proclaiming, 'Gays for Gaza,'" he mocked. "They might as well hold up signs that say, 'Chickens for KFC!'"
"These protesters chant, 'From the river to the sea,' but many don't have a clue what river and what sea they're talking about," the prime minister added.
Hundreds of Jewish-led demonstrators were
arrested inside a congressional building on Tuesday while protesting the U.S. government's continued support for Israel's assault on Gaza and Netanyahu's then-forthcoming address. Thousands more protesters took to the streets of Washington, D.C. on Wednesday, where peace groups planned to surround the Capitol.
"There is a war criminal in town," Council on American Islamic Relations national executive director Nihad Awad said in a speech to protesters. "This war criminal Netanyahu has a long history of crimes against humanity."
During his speech, Netanyahu also thanked Biden "for his heartfelt support for Israel after the savage attack on October 7," which the prime minister said was "like 20 9/11s in one day."
Biden has expressed his "unwavering" support for the key Middle Eastern ally and has approved billions of dollars in new military aid and more than 100 arms sales to the country since October. The Biden administration has also vetoed several United Nations Security Council resolutions calling for a cease-fire in Gaza.
Netanyahu implored the U.S. to give even more, saying, "Give us the tools faster, and we will finish the job faster."
"The war in Gaza could end tomorrow if Hamas surrenders, disarms, and returns all the hostages," added the prime minister, who for years facilitated massive financial support for the militant resistance group—whose political arm rules Gaza—in order to weaken the Palestinian National Authority.
On Monday, Tlaib
said that Netanyahu should be arrested while in the United States.
"Netanyahu is a war criminal committing genocide against the Palestinian people," she argued. "It is utterly disgraceful that leaders from both parties have invited him to address Congress. He should be arrested and sent to the International Criminal Court."
ICC Prosecutor Karim Khan has applied for arrest warrants for Netanyahu, Israeli Defense Minister Yoav Gallant, and three Hamas leaders for alleged war crimes and crimes against humanity including extermination committed on and after October 7.
In his speech, Netanyahu accused the ICC of "blood libels" against Israel, saying the tribunal "shamefully accused Israel of deliberately starving the people of Gaza"—allegations echoed by the South Africa-led genocide case before the International Court of Justice (ICJ), United Nations experts, and human rights groups.
U.N. World Food Program Executive Director Cindy McCain
said in May that there is "full-blown famine" in Gaza, where dozens of Palestinians—mostly children—have died due to malnutrition, dehydration, and lack of medical care, and hundreds of thousands of others are on the brink of starvation.
Netanyahu also accused the ICC of lying about Israeli forces "deliberately targeting civilians," over 39,000 of whom including 16,000 children have been killed since October.
The prime minister claimed that Israel "has implemented more precautions to prevent civilian harm than any military in history, and beyond what international law requires."
"The ICC is trying to shackle Israel's hands and prevent Israel from defending itself," Netanyahu said. "And if Israel's hands are tied, America's are next."
"The hands of the Jewish state will never be shackled," he added. "Israel will always defend itself."
Netanyahu further claimed that civilian casualties during Israel's recent Rafah offensive were "practically none," ignoring hundreds of Palestinians including many women and children who died in Israeli attacks on the city and its environs, including multiple massacres of refugees in tent encampments.
Israeli forces "should not be condemned for how they're conducting the war in Gaza, they should be commended for it," Netanyahu asserted.
Israel Defense Forces troops have been accused of torturing, raping, and summarily executing Palestinian civilians, including children. U.N. Secretary-General António Guterres last month added Israel to his so-called "List of Shame" of countries that kill and injure children during wars and other armed conflicts.
In addition to its ICC woes and the ICJ genocide case, the latter tribunal ruled last week in a separate case that the 57-year Israeli occupation of Palestine is an illegal form of apartheid that must end "as rapidly as possible."
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