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Issue

Economy

AB Leadership Jobs Tuesday, Feb 4 2014

TPM: "GA GOPers Meet Unemployment Debate Question With Awkward Pause (VIDEO)"

Via TPM:

When a moderator for a recent Georgia Republican primary debate asked candidates by a show of hands whether they would vote to extend benefits for the thousands of American workers who have been stuck with long-term unemployment, the question was met with an awkward pause. At the Mayor's Day Senate Forum in Atlanta earlier in the week, none of the six candidates raised their hands in favor of extending benefits, but when the opposite question was asked -- who would vote against such a proposal -- all six candidates raised their hands. Rep. Paul Broun's (R-GA) arm shot up the fastest. The candidates' reaction could indicate that the extension of unemployment benefits could become an issue in Republican primaries.

News Education Environment Jobs Taxes Tuesday, Jan 28 2014

Rick Scott's 2014 Budget: A Textbook Case Of Election Year Pandering

As Governor Rick Scott delivers his 2014-2015 budget address, Floridians would do well to see Scott’s budget for what it is: A textbook case of election year pandering. While Scott’s budget plans included hundreds of millions of dollars in vague tax breaks for special interests and dramatic cuts to various revenue sources, the Tea Party governor has also discovered an election year infatuation with spending on Everglades reconstruction, child welfare, and teacher pay raises. Scott’s predilection for election year pandering is nothing new, but the extent of it in his latest budget proposal is staggering. Scott Has A History Of Election Year Pandering (VIDEO). According to a news segment highlighting clips of Governor Rick Scott, Scott has a history of election-year pandering. In the clip, a FOX reporter states of Scott: “He’s the Tea Party Republican who slashed school funding then raised it as he prepared for re-election, after he tied teacher pay to performance, before giving out raises regardless of performance.”

The Wire Economy LGBTQ+ Taxes Thursday, Oct 24 2013

Cuccinelli clings to Tea Party extremism in final debate

At tonight's debate, Ken Cuccinelli returned to his roots by embracing the extreme agenda of the Tea Party at every turn. Virginians are seeking a mainstream leader to boost the Commonwealth's economy and create jobs, so it's no surprise that voters are rejecting a candidate who made a name for himself by waging unpopular fights to further his extreme agenda. After three debates, voters know who Cuccinelli is and what he stands for:

When you stack up that extreme record next to the mainstream, bipartisan approach of Terry McAuliffe, it's easy to see why Virginians are rejecting Ken Cuccinelli.

The Wire Health Care Taxes Thursday, Oct 17 2013

We told you: Steve Lonegan is the face of the "new" GOP

Just over two months ago, on the night Steve Lonegan won the Republican nomination, American Bridge sent the memo below arguing that Lonegan's brand of extremism was perfectly in line with the "new" & "rebranded" Republican Party. If Washington Republicans' reckless and embarrassing behavior over the past three weeks weren't proof enough, take a look at what RNC Chairman Reince Priebus said at a Lonegan campaign rally just last night (VIDEO HERE). "I'll tell you what. Steve's been able to do something that we need a lot more of in this party. And that's unify our party, bring our party together. The Tea Party, the Republican Party, all in this together." -- Reince Priebus, RNC Chairman What Mr. Priebus doesn't seem to understand is that the Republicans' problem isn't a lack of unity with the Tea Party. This month's shutdown fiasco proves the GOP's problem is, in fact, its obedience to the Tea Party.

News LGBTQ+ Taxes Wednesday, Sep 25 2013

Bridge Briefs for tonight's VA-Gov debate

In preparation for tonight's Gubernatorial debate between Terry McAuliffe and Attorney General Ken Cuccinelli, American Bridge released the following Bridge Briefs:

Cuccinelli’s Anti-Woman Record  Cuccinelli, Personhood & Birth Control  Cuccinelli’s Anti-Gay Views & Statements  Cuccinelli’s Disastrous Tax Plan  Cuccinelli’s Opposition to Bipartisan Transportation Plan

News Taxes Friday, Jul 19 2013

BRIDGE BRIEF: Cuccinelli's Disastrous Tax Plan

Cuccinelli Proposed Cutting Taxes By $1.4 Billion By Reducing Income And Corporate Taxes. According to NBC Washington, “Virginia Republican gubernatorial candidate Ken Cuccinelli released his tax plan Tuesday that would cut about $1.4 billion in taxes by reducing the state’s personal income and corporate tax rate. His proposed plan, “Economic Growth and Virginia Jobs Plan,” would reduce the personal income tax from 5.75 percent to 5 percent and the corporate tax rate from 6 percent to 4 percent.” [NBC Washington, 5/8/13] More Than 75% Of The Tax Cuts Would Go To Households Earning At Least $108,000 A Year. According to the Washington Post, “The Richmond-based Commonwealth Institute for Fiscal Analysis examined one piece of that proposal — Cuccinelli’s plan to reduce Virginia’s top individual tax rate from 5.75 percent to 5 percent — and found that the state’s wealthiest citizens would benefit the most. ‘Nearly 4 in 10 Virginians (39 percent), mostly low- and moderate-income households, would see no reduction in their income tax bill,’ the institute said. ‘No Virginian earning less than $21,000 would receive a tax cut under the proposal and only half of all families earning between $21,000 and $39,000 would see their taxes reduced.’ More than three-fourths of the benefits of the tax cut would go to households earning at least $108,000, the analysis found, , while middle-class taxpayers would get a relatively small cut. [Washington Post, 5/16/13] Washington Post Editorial: Like Mitt Romney, Cuccinelli Refuses To Say How He Would Pay For His Tax Plan. According to a Washington Post staff editorial, “Like Mitt Romney, Virginia Attorney General Ken Cuccinelli II wants to cut taxes — by a lot. Like Mr. Romney, Mr. Cuccinelli, the Republican candidate for governor, promises this would not reduce government revenues by a dime, since he would also eliminate significant tax loopholes and deductions. And like Mr. Romney, Mr. Cuccinelli adamantly refuses to identify these loopholes and deductions. Why would Mr. Cuccinelli expect Virginians to fall for this?” [Washington Post, 5/9/13]

News Economy Education Energy Trade Thursday, Oct 25 2012

Mitt Romney's Five-Point Plan

Energy Independence

Romney’s Five Point Plan Included North American Energy Independence. According to The Los Angeles Times, “Achieve North American energy independence by increasing access to domestic fossil fuels, streamlining regulations and the permitting process, drilling offshore and in the Arctic National Wildlife Refuge, and approving the Keystone oil pipeline from Canada. ‘No. 1, we’re going to take advantage of our energy, and that’s going to create millions of jobs.’” [The Los Angeles Times, 9/15/12]

Romney Supports Ideas Similar To President Obama

Romney And Obama Had Similar Energy Plans Favoring Expanding Drilling And Natural Gas Development. According to The Washington Post, “Here are some of the highlights of the energy positions of Mitt Romney and President Obama. There are similarities. Both candidates favor expanded oil and gas drilling and support the development of natural gas resources, even with the use of controversial hydraulic fracturing techniques. Obama says he favors an ‘all of the above’ strategy and wants to further reduce U.S. reliance on foreign oil. Romney says he would aim for ‘North American energy independence,’ leaning heavily on increased imports from Canada and higher U.S. output.” [The Washington Post, 9/11/12]

Romney Supports Ideas Benefitting Wealthy Oil Companies

Central Part Of Romney’s Energy Plan Is Deregulating Oil And Gas Industry. According to Huffington Post, “A central part of the plan is taking the power to permit and license new onshore drilling on federal lands out of the hands of the federal government and putting it into the hands of the states. That means that states like Alaska or North Dakota, which is enjoying a massive oil boom under the current regulatory regime, would be able to allow drilling on federal lands with no oversight from Washington. North Dakota stands out, in particular, as it is where Romney’s top energy adviser, oil billionaire Harold Hamm, is making his fortune. Hamm, whose stump speech is only three words, ‘Beat Barack Obama,’ has given $985,000 to Restore Our Future and raised money for the Romney campaign. He would profit greatly from this change in policy as his company, Continental Resources, would be freed to drill beyond the Bakken fields in North Dakota using techniques including hydraulic fracking and horizontal drilling.” [Huffington Post, 8/24/12]

Improve Education

Romney’s Five Point Plan Included Improving Education Through School Choice And Changing Teacher Hiring. According to The Los Angeles Times, “Improve education and job training, in part by increasing school choice and changing the way teachers are hired and evaluated. ‘We’ve got fix our schools.... It’s time for us to put the kids and the parents and the teachers first, and the teachers union behind.’” [The Los Angeles Times, 9/15/12]

Romney Deferred Education Funds To States For Private School Vouchers

Romney’s Education Policy Gave Federal Funds To States But Did Not Force Or Encourage Them To Expand School Choice. According to a Time op-ed, “Romney and other Republicans know they’re using a great talking point when they complain that the President is against allowing poor kids in Washington’s beleaguered public schools to attend better schools, especially when Obama’s own kids attend a highly-regarded private school in the city. But as policy, Romney’s blueprint is pretty weak soup because it doesn’t force — or even do much to encourage — states to expand choice. It merely says that federal dollars will defer to states and cities that decide to allow private-school vouchers.” [Time, Op-Ed, 6/14/12] Romney’s Education Policy Was Similar To “Pro-Voucher” Report From The Hoover Institution. According to The New York Times, “Mr. Romney’s policy seems closely inspired by a pro-voucher report issued in February by the conservative Hoover Institution. Five of eight members of a task force that produced the report are among the 19 education advisers the Romney campaign named last month. Once thought to be moribund, the voucher movement was revived by gains Republicans made in the 2010 midterm elections. Fourteen states since then have introduced or expanded private school vouchers, according to the Friedman Foundation for Educational Choice.” [The New York Times, 6/11/12]

Romney’s Open-Enrollment Mandate For School Districts Were More Burdensome Than No Child Left Behind

Romney’s Open-Enrollment Requirement Had “Massive” Loophole Because Transfer Student Capacity Could Not Be Easily Verified. According to a Time op-ed, “There’s a massive loophole that lets everyone off the hook. The one tantalizing part of Romney’s proposal is his requirement for states to adopt open-enrollment policies that disregard school-district boundaries for public schools. That would be a big deal for poor parents. Open enrollment in theory would give inner-city kids and other kids stuck with lousy school options the chance to attend better public schools elsewhere. But there are two problems. First, as my former colleague, Erin Dillon, showed in a 2008 Education Sector analysis, there are just not enough good schools within a reasonable distance for these kids to commute to. Romney’s proposal also leaves a loophole wide enough to render the open-enrollment provision meaningless because it hinges on schools having sufficient ‘capacity’ to accept transfer students. That’s the same hazard that doomed No Child Left Behind’s public-school choice provisions. Don’t want students transferring in? Then make sure you have no capacity, a metric that is difficult to verify.” [Time, Op-Ed, 6/14/12] Romney’s Open-Enrollment Policy Would Require A “More Invasive Mandate” On States Than No Child Left Behind. According to a Time op-ed, “And in case you slept through the last several years, Republicans are against heavy-handed federal intervention in schools right now. They want to scrap the 10-year-old No Child law, which merely required states to come up with school accountability systems. It’s politically inconceivable that a President Romney would replace that law with a much more invasive mandate on states to essentially scrap school district boundaries and have a federal hand in deciding which students get to attend which schools.” [Time, Op-Ed, 6/14/12] Read the full report after the jump.

News Trade Wednesday, Oct 10 2012

BRIDGE BRIEFING: Ryan And Trade

Ryan Opposed Efforts To Punish China For Currency Manipulation

In 2010, Ryan Opposed The “Currency Reform Fair Trade Act” To Impose Tariffs On Countries With Undervalued Currencies. According to the Boston Globe, “In 2010, when the House voted on the Currency Reform Fair Trade Act, Ryan was among the 79 congressmen who opposed the measure. The bill passed – 348 to 79, with 99 Republicans voting in favor – but was not taken up by the Senate so it never became law. The legislation would have given the president expanded authority to impose tariffs on the imports from countries that have ‘fundamentally undervalued’ currencies.” [Boston Globe, 8/16/12]

News Economy Wednesday, Oct 10 2012

BRIDGE BRIEFING: Romney Supports The Ryan Plan

Romney Endorsed Ryan’s 2013 Budget Plan March 2012: Romney Endorsed Rep. Paul Ryan’s 2013 Budget Plan. According to the Los Angeles Times, “Paul Ryan’s new budget plan drew praise from GOP presidential front-runner Mitt Romney and an attack from President Obama’s reelection campaign Tuesday. The House Republicans’ fiscal blueprint for 2013 would slash federal spending, lower tax rates and substantially overhaul Medicare in an effort to free the nation ‘from the crushing burden of debt,’ Ryan wrote in a document outlining the plan. In a statement from his campaign, Romney lauded the House Budget Committee chairman ‘for taking a bold step toward putting our nation back on the track to fiscal sanity.’ He said he and Ryan were of the same mind on cutting taxes and overhauling the tax code. ‘As president, I look forward to working with Chairman Ryan and his House Republican colleagues to pass bold reforms that restore America’s promise,’ he said.” [Los Angeles Times, 3/20/12] Romney Aide Eric Fehrnstrom Said Romney Supported The Ryan Plan. According to Talking Points Memo, “Eric Fehrnstrom, a top campaign adviser for Mitt Romney, tied the Republican presidential nominee to the GOP’s budget plan by Rep. Paul Ryan (R-WI). […] ‘…he’s for the Ryan plan. He believes it goes in the right direction. The governor has also put forward a plan to reduce spending by $500 billion by the year 2016. In fact, he’s put details on the table about how exactly he would achieve that. So to say he doesn’t have a plan to – a plan to restrain government spending is just not true.’” [Talking Points Memo, 6/3/12] Romney Endorsed “What Is Essentially” Ryan’s Plan For Deficit Reduction. According to Politico, “Romney also endorsed what is essentially the Ryan plan for fiscal deficit reduction, bring budget into balance in eight years. Said loophole and special tax deductions would be eliminated to offset cost of tax rate reductions, and include ‘some things you’re not going to like.’ Will close some Federal Government departments. Romney spoke with authority and confidence, and appeared relaxed.” [Politico, 5/24/12]

News Taxes Tuesday, Oct 2 2012

BRIDGE BRIEFING: Romney's Tax And Fee Increases

The Tax Burden In Massachusetts Increased

During Romney’s Tenure The Massachusetts Tax Burden Increased From 10 Percent To 10.6 Percent Of Per Capita Income. According to the Boston Globe, “Data compiled by The Tax Foundation, a nonpartisan research group in Washington, shows that during Romney’s four years as governor, the state and local tax burden in Massachusetts increased from 10 percent to 10.6 percent of per capita income.” [Boston Globe, 6/29/07] Factcheck.org: The Massachusetts Tax Burden Increased Under Romney. According to Factcheck.org, “In Massachusetts, the tax burden figure went up under Romney, from 5.93 percent to 6.57 percent.” [Factcheck.org, 10/12/07] State & Local Tax Burden Increased 6.5 Percent During The Romney Administration. According to The Tax Foundation, a conservative tax research organization, in 2002 (the year before Romney came to power), the state and local tax burden in Massachusetts was 9.3 percent. In 2006, Romney’s last year in office, the state and local tax burden of Massachusetts had increased to 9.9 percent. Thus, under Romney, Bay Staters saw their taxes burden increase by 6.5 percent in real terms. [The Tax Foundation, 2/23/11]

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