The president and Congress should agree to enact a one-time, limited-duration tax holiday to permit American companies to repatriate foreign-held capital at a tax rate of 12 percent, and use the revenue to finance a large infrastructure rebuild of American roads, bridges, ports and schools.
This package would include a clean continuing resolution to reopen and fund the government and a clean extension of the debt ceiling, which would both expire Dec. 31, 2014. Larger talks could begin immediately without the blackmail and extortion of repeated threats to shut down the U.S. government or trigger a U.S. default and global financial crash — tactics that are repugnant to the American way and intensely disapproved of by a large majority of the nation.
I think Budowsky is a pretty bright guy, but if he’s serious about this, then I think he should also come out in support of the Stop Tax Haven Abuse Act, sponsored by Democrats Carl Levin of Michigan in the Senate and Lloyd Doggett of Texas in the House (here). Because, as the Daily Kos post tells us, the Institute for Policy Studies has determined just how bad an idea a “tax holiday” would be, listing the “Top 10 Layoff Leaders” of U.S. firms between 2004 and 2011, all of who benefitted from repatriated millions from 2004-2005.
As far as I’m concerned, if these malefactors really had any interest in helping our economy grow, they never would have offshored the earnings in the first place.
But the Ted Cruz wing is also getting beat up from the conservative side, as in this New York Times column by Ross Douthat (by the way, the “Kurtz Republicans” headline refers not to me, of course, but to Colonel Kurtz of “Apocalypse Now” fame).
“There is still something well-nigh-unprecedented about how Republicans have conducted themselves of late,” Douthat writes. “It’s not the scale of their mistake, or the kind of damage that it’s caused, but the fact that their strategy was such self-evident folly, so transparently devoid of any method whatsoever.
I guess this is a bit of “concern trolling” by Kurtz and Douthat; as noted here, there very definitely was a “method” behind the near-catastrophic antics of “Caribbean Cruz” and his playmates this week.
And this tells us how the fight was set up by, among others, former Reaganite Ed Meese, who, for a time, was in charge of something called the Conservative Action Project (now run by former Repug congressman David McIntosh)…
The defunding idea, Mr. Meese said, was “a logical strategy.” The idea drew broad support. Fiscal conservatives like Chris Chocola, the president of the Club for Growth, signed on to the blueprint. So did social and religious conservatives, like the Rev. Lou Sheldon of the Traditional Values Coalition.
The document set a target date: March 27, when a continuing resolution allowing the government to function was to expire. Its message was direct: “Conservatives should not approve a C.R. unless it defunds Obamacare.”
But the March date came and went without a defunding struggle. In the Senate, Mr. Cruz and Senator Mike Lee, a Utah Republican, talked up the defunding idea, but it went nowhere in the Democratic-controlled chamber. In the House, Mr. Boehner wanted to concentrate instead on locking in the across-the-board budget cuts known as sequestration, and Tea Party lawmakers followed his lead. Outside advocates were unhappy but held their fire.
“We didn’t cause any trouble,” Mr. Chocola said.
Yet by summer, with an August recess looming and another temporary spending bill expiring at the end of September, the groups were done waiting.
“I remember talking to reporters at the end of July, and they said, ‘This didn’t go anywhere,’ ” Mr. Needham recalled. “What all of us felt at the time was, this was never going to be a strategy that was going to win inside the Beltway. It was going to be a strategy where, during August, people would go home and hear from their constituents, saying: ‘You pledged to do everything you could to stop Obamacare. Will you defund it?’ ”
Heritage Action, which has trained 6,000 people it calls sentinels around the country, sent them to open meetings and other events to confront their elected representatives. Its “Defund Obamacare Town Hall Tour,” which began in Fayetteville, Ark., on Aug. 19 and ended 10 days later in Wilmington, Del., drew hundreds at every stop.
The Senate Conservatives Fund, led by Mr. DeMint when he was in the Senate, put up a Web site in July called dontfundobamacare.com and ran television ads featuring Mr. Cruz and Mr. Lee urging people to tell their representatives not to fund the law.
When Senator Richard M. Burr, a North Carolina Republican, told a reporter that defunding the law was “the dumbest idea I’ve ever heard,” the fund bought a radio ad to attack him. Two other Republican senators up for re-election in 2014, Lamar Alexander of Tennessee and Lindsey Graham of South Carolina, were also targeted. Both face Tea Party challengers.
In Washington, Tea Party Patriots, which created the defunding tool kit, set up a Web site, exemptamerica.com, to promote a rally last month showcasing many of the Republicans in Congress whom Democrats — and a number of fellow Republicans — say are most responsible for the shutdown.
While conservatives believe that the public will back them on defunding, a recent poll by the Kaiser Family Foundation found that a majority — 57 percent — disapproves of cutting off funding as a way to stop the law.
Last week, with the health care exchanges open for business and a number of prominent Republicans complaining that the “Defund Obamacare” strategy was politically damaging and pointless, Mr. Needham of Heritage Action said he felt good about what the groups had accomplished.
“It really was a groundswell,” he said, “that changed Washington from the outside in.”
There has been a very definite, coordinated, deep-funded apparatus at work on the right to kill the Affordable Care Law, which most certainly constitutes a “method.” And we saw it come to life in truly hideous fruition over the last few weeks.
So now that we’ve returned to something approximating a “status quo” in Washington, D.C. (and I STILL can’t believe how the Dems stuck to their guns and routed Boehner and his pals – kudos), I guess that means that it’s time for the Foxies to return to one of their biggest spectator sports, and that is to blame Number 44 for the supposedly out-of-control federal deficit, that is robbing our kids and our grandkids and our grand-grandkids, or whatever (here – of course, not a peep about the environmental state of this planet, rampant income inequality, waste of alternative energy resources, etc.).
Which means, I suppose, that it’s time for a reminder on how we got into this fiscal mess in the first place (here). And as noted here, we’re paying down the debt faster than anyone anticipated anyway.
Oh, and also in the matter of the economy, this tells us what the party of Boehner, Cantor, Ryan, McConnell, etc. has wrought, basically killing any hope of a turnaround just to stick it to that Kenyan Muslim Socialist at 1600 Pennsylvania Avenue.
So what remains as the hot new “boom town” in this country? Tyler Cowen gives us a commercial for Texas here (cheap energy, a potential glut of “high-tech skill” jobs, low taxes, micro-houses – ?).
Well, that may be all well and good, but what does it matter if the whole damn state is running out of water (here)?
This is of course to be expected from Cowen, who once claimed here that income inequality made the “99 percent” more industrious, or something (second bullet).
Want to know why? Check out some of the quotes from here…
“Homosexuality is a poor and dangerous choice, and has been proven to lead to a litany of health hazards to not only the individuals but also society as a whole.”
–AFA Action Alert, July 20, 2012
“[Islam] is, in fact, a religion of war, violence, intolerance, and physical persecution of non-Muslims.”
–Tim Wildmon, March 6, 2012
“The homosexual movement is a progressive outgrowth of the sexual revolution of the past 40 years and will lead to the normalization of even more deviant behavior.”
– Don Wildmon, AFA website, 1999 (still posted as of 2011).
“Homosexuality gave us Adolph Hitler, and homosexuals in the military gave us the Brown Shirts, the Nazi war machine and six million dead Jews.”
– Bryan Fischer, AFA director of issue analysis for government and public policy, 2010
Basically, the AFA Is so nuts that they even accused the Foxies of having “gone gay” here.
I report, you decide (way too damn funny).
I’m not saying that such an argument doesn’t have merit, but I think it’s typically ridiculous for it to come from someone like Krauthammer, who has never been shy about using demeaning language against those with whom he disagrees, to say nothing of propagating outright falsehoods:
He called Obama a “narcissist” here (an “evergreen,” I realize). He baselessly (of course) accused the Obama Administration of “lawlessness” in its policy to encourage prosecutors not to seek mandatory minimum sentences for non-violent drug offenders (here). He also pushed the false claim here that the Obama Administration encouraged government agencies to draft talking points without references to terrorism in the BENGHAZI!!! attacks in order to protect the ongoing investigation (in reality, agencies such as the FBI and CIA made that decision, not the White House). Also, Krauthammer said that the ruinous effect of the sequester were “the most ridiculously hyped Armageddon since the Mayan Calendar” here (spoken like a truly “kept” member of the Beltway political-media-industrial complex).
(And this is just for this year – imagine how many links I’d have if I bothered to research, oh, say the last decade of quotes from Krauthammer?)
By the way, I really don’t have a dog in the fight, as it were, on the question of the Washington Redskins being renamed – the owner of the Washington Bullets basketball team changed the name to Wizards after the murder of Israeli Prime Minister Yitzhak Rabin (he and Rabin were friends), so there is a precedent.
I just think it’s a little funny that there’s such a brouhaha over the Washington pro football team, but I don’t hear a word spoken about the logo of the Cleveland, Ohio professional baseball team.
And as noted here…
(Today), that frozen, dramatic moment of 1968 resistance is far more likely to be celebrated than criticized. Smith and Carlos are now routinely lauded for their bravery and daring. As ESPN proclaimed bluntly upon giving Smith and Carlos their Arthur Ashe Courage Award in 2008, “They were right.”
No one was saying that in 1968. Amidst the angry denunciations, there was one column, published in the Chicago American newspaper, that was particularly ugly. The journalist responsible has never deigned to comment or explain, let alone apologize, for why he decided upon the words he chose. The writer became an iconic broadcaster who now sits comfortably as the elder statesman of the sports world. He appears in family friendly movies like The Waterboy and Cars 2. His name is Brent Musburger.
In 1968 Musburger was a restless, ambitious young sports writer looking to make his name. He found his opportunity when Smith and Carlos made their stand. Musburger didn’t see a demonstration. He saw a target.
“One gets a little tired of having the United States run down by athletes who are enjoying themselves at the expense of their country,” he wrote. Musburger then infamously called Smith and Carlos “a pair of black-skinned stormtroopers.”
To this day, mention Musburger’s name to John Carlos and he grits his teeth. This is particularly illustrative because Carlos is fond of saying that he has no hate in his heart toward anyone even after all the isolation and criticism he endured. As he is fond of saying, “Bitterness leads to cancer which leads to death and I have too much work to do to have time for any of that.” Name a nemesis of his from 1968, like Jesse Owens or another member of the media and he responds with a smile and recounts how in private, they buried the hatchet. But not Musburger.
“We are talking about someone who compared us to Nazis. Think about that. Here we are standing up to apartheid and to a man in Avery Brundage who delivered the Olympics to Hitler’s Germany. And here’s Musburger calling us Nazis. That got around. It followed us. It hurt us. It hurt my wife, my kids. I’ve never been able to confront him about why he did this. Every time I’ve been at a function or an event with Brent Musburger and I walk towards him, he heads the other way.”
The actions of Tommie Smith and John Carlos at the Olympic Games long ago showed courage and fortitude. They knew full well the consequences of their actions, and they engaged in them anyway. It’s what real men (and women) do.
And apparently, Brent Musburger, by his failure to owe up to his callow, hurtful words and deeds (for which he should have apologized long ago), doesn’t know a thing about the behavior of real men.