Category: US

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The best, uncertain case for Harris

  By 2024, Elections and Voting, US

I hope this is my last long post on the Democratic candidate for president. I’m going to do something here that may surprise some of you. I’m going to make the best argument I can for why I think Biden should step down. And in doing so, I’m going to respond to some of the claims I made the other day against him doing so. I’m doing this for a few reasons. One is that this is how I think. I always look at issues from a number of sides. Another related one is that I’m still remain unsure about what the right path forward is and the only way I’m going to be sure is by making the best case on both sides. And frankly, none of you who have been arguing with me the post has done a very good job of making that case or responding to… Continue reading

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Eight reasons to stop Trump

  By 2024, Elections, Resisting Trump, Uncategorized

Is it really going to be hard to convince people leaning to our side to vote? Here are eight  lines of argument. 1. Tump’s threat to democracy. 2. Trump’s threat to abortion and other basic rights including to contraception. 3. Trump’s embrace of deep tax cuts for the rich. 4. Trump’s promise to repeal the ACA. 5. Trump’s threat to social security if he keeps deepening deficits through tax cuts. 6. Trump’s threat to student debt relief and Republican efforts to block of the student debt relief Biden promised. 7. Trump demanded that Republicans blocked their own immigration reform bill because Trump demanded it. 8. Trump’s threat to our climate and the earth as a whole. I know how deeply entrenched the Trump movement is and how insane the Republicans are. But it’s still  hard for me to believe that these 8 lines of argument aren’t enough to give Democrats… Continue reading

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A Point of Extreme Political Danger

  By Resisting Trump, Tump, US

I wrote this in 2019. “Trump is like a Bond villain. Totally over the top. Bent on world domination and the accumulation of riches without end because of a terrible psychic injury in childhood. Determined to dominate all the men and sleep with all the women around him because of the same injury. Utterly self-involved and untrustworthy. In other words, almost totally unbelievable. Except that it is real we are stuck with him for the foreseeable future.” I have seen no reason to change my mind except to say that, even though I understood Trump’s appeal in teh summer of 2016, I did not expect that his hold over the this country would be so impossible to shake. Trump is not by any means a political genius. His hold over half the country is a a product of the gruesome fit between his psychic flaws and the deep, long-standing flaws… Continue reading

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Statement on Child Tax Credit Expansion

  By Child Tax Credit, Penn Policy Center, Statement, US

STATEMENT on Child Tax Credit Expansion- Marc Stier. Executive Director, Pennsylvania Policy Center The House Ways and Means Committee today voted in favor of bi-partisan tax legislation that includes an expansion of the child tax credit along with the restoration of some expired business tax credits. The legislation is the product of negotiations between the Chair of the House Ways and Means Committee, Jason Smith (R-MO) and the Chair of the Senate Finance Committee, Ron Wyden (D-OR). This legislation would benefit 16 million children in low-income families, or 1 in 5 of children under 17, including 506,000 children in Pennsylvania. It would especially help Black, Latino, and Asian children, whose parents are overrepresented in low-paid jobs due to structural barriers to opportunity. In the first year, the expansion of the child tax credit would lift 400,000 children nationwide- and roughly 16,000 kids in Pennsylvania- out of poverty. Additionally, another 3… Continue reading

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Sitting on a Powder Keg

  By Democracy, Politics, Tump, US

There seems to me to be a total disconnect between political reporting and commentary in our country and the reality of our politics on the ground. Political reporters and pundits are dying for the world to return to the pre-Trump era (forgetting that in many ways, the Republicans were, in their abuse of gerrymandering and the filibuster and embrace of ideas like the independent judiciary theory, well along the way to rejecting the basic norms of representative democracy long before Trump). Harrisburg reporters focus on the calls for bipartisanship from both sides. So, we are seeing reporting on, for example, the Republican presidential nomination race that normalizes it, as it focuses on who is up and who is down, what the strategies of the candidates are, etc. And yet, on the ground, what do we see? –Trump continues to make wild claims about 2020 and masks racist attacks on Alvin… Continue reading

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STATEMENT: House Dems Pass Inflation Reduction Act To Lower Drug Prices, Make Health Care & Energy Costs More Affordable

  By Climate Change, Economic Development, Energy, Health Care, PA Budget and Policy Center, Statements, US

For Immediate Release Date: August 12, 2022 Contact: Kirstin Snow, snow@pennbpc.org   House Democrats Pass Inflation Reduction Act To Lower Drug Prices, Make Health Care and Energy Costs More Affordable   Historic Bill to Curb Big Pharma and Make Corporations Pay What They Owe Moves Towards Passage Harrisburg, PA — Following U.S. House passage of the Inflation Reduction Act—a bill that will enact historic drug pricing reform, reduce health insurance costs, lower energy costs, and reduce the national deficit—Marc Stier, director of the Pennsylvania Budget and Policy Center and Stephen Herzenberg, executive director of the Keystone Research Center, released the following statement:    The U.S. House’s vote to pass the Inflation Reduction Act makes historic progress on many fronts. It takes a huge step forward in addressing the threat of climate change by investing $370 billion in a series of incentives to encourage the replacement of fossil fuels with clean,… Continue reading

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STATEMENT: On the Inflation Reduction Act of 2022 — What it means for PA

  By Climate Change, Health Care, PA Budget and Policy Center, Statements, US, US Constitution

For Immediate Release Date: July 29, 2022 Contact: Kirstin Snow, snow@pennbpc.org Statement on the Inflation Reduction Act of 2022 — What it means for PA Stephen Herzenberg and Marc Stier   We are happy to see that a deal has been reached to address growing inflation by reducing prescription health care costs, taxing corporations and the ultra-rich, and combatting climate change and reducing energy costs. We call on the United States Senate and House of Representatives to take immediate action to pass this legislation and send it to President Biden’s desk. This legislation, along with the Infrastructure law and the American Rescue Plan, again shows that Democrats are committed to meeting the needs of everyone in the country, no matter where we live or what we look like or whether we are rich and poor, by using the power of the government. Only by acting together can we ensure that we… Continue reading

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The Inflation Reduction Act of 2022 – A Major Step Forward for the US and the World

  By Climate Change, Economic Development, Economic Justice, PA Budget and Policy Center, Politics, Public Policy, Statements, US

With Stephen Herzenberg We are happy to see that a deal has been reached to address growing inflation by reducing prescription health care costs, taxing corporations and the ultra-rich, and combatting climate change and reducing energy costs. We call on the United States Senate and House of Representatives to take immediate action to pass this legislation and send it to President Biden’s desk. This legislation, along with the Infrastructure law and the American Rescue Plan, again shows that Democrats are committed to meeting the needs of everyone in the country, no matter where we live or what we look like or whether we are rich and poor, by using the power of the government. Only by acting together can we ensure that we have the roads and bridges and public transit critical to our economy, affordable health care, and clean energy. And only by acting together can we give our… Continue reading

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The “Billionaire Tax”: What It Is and Why We Need It

  By Billionaire tax, Federal Taxes, PA Budget and Policy Center, PBPC Blog posts, Taxation, Uncategorized, US

UPDATE: Senator Ron Wyden has released his “Billionaires Income Tax” legislation—read the language of the bill here:  https://www.finance.senate.gov/imo/media/doc/Billionaires%20Income%20Tax.pdf. As negotiations between President Biden and House and Senate members over the Build Back Better plan have developed in the last few weeks, a new tax proposal to fund the close to $2 billion investment in health care, child care, paid family leave, climate change, and other programs, has come to the fore: a “billionaire tax.” While Senator Wyden and others have been discussing this proposal for some time, it is a relatively unknown concept and would be a new form of federal taxation. Here we briefly explain what it is and why it is an excellent idea. The new proposal is to tax the increased wealth of the richest Americans each year. The tax would apply immediately to tradeable assets—stocks, bonds, mutual funds, and derivatives—where the value of the asset is… Continue reading

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MEMO: The Corporate Profits Minimum Tax and Why We Need It

  By Corporate Taxes, Federal Taxes, Taxation, US

Democrats are set to introduce a 15% corporate minimum tax as a funding mechanism for the Build Back Better plan. The Corporate Profits Minimum Tax legislation would ensure that roughly 200 corporations that report more than $1 billion in profits to shareholders pay at least a 15% tax rate on those gigantic profits. It would stop giant, profitable corporations, such as Amazon, Bank of America, FedEx, General Motors, Netflix, and Nike, from escaping all federal taxes. These corporations and others like them make huge profits that they report to their stockholders in filings required by the federal government. But they take advantage of multiple tax loopholes to avoid paying federal corporate income taxes. This new tax would raise roughly $200 billion to $300 billion dollars over ten years. These revenues would enable the federal government to make new investments in helping families with children, health care, child care, elder care,… Continue reading