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Dear Ms. Fiorina, We Found Those Numbers You Were Looking For

Our guest blogger is Adam Jentleson, the Communications and Outreach Director for the Hyde Park Project at the Center for American Progress Action Fund.

Today on CNN, senior McCain advisor Carly Fiorina was asked to explain why McCain’s answer to these tough economic times is to double Bush’s tax cuts with another $300 billion in cuts that go mostly to the wealthiest Americans, and give ExxonMobil a $1.2 billion per-year tax cut.

Her response:

I don’t know where he gets those numbers. It was $300 billion, it was $1.2 billion. … I can’t make Barack Obama’s numbers add up.

Watch it:

Mystery solved! Those numbers come from our analyses, which document McCain’s hugely expensive and highly regressive tax proposal, and show that his tax plan amounts to a nearly $4 billion-a-year windfall for the top 5 oil companies in the U.S. – including $1.2 billion for ExxonMobil.

If today’s interview is a sign that Carly Fiorina has been willfully ignoring the facts about the tax plan she’s shilling for, here are some other numbers with which she may want to acquaint herself:

$175 billion: The amount of money that would go directly to corporations each year under McCain’s tax plan.

$12.7 trillion: The size the deficit will be after two terms of McCain’s fiscal policies.

$267 billion: The number of dollars in savings McCain still has to account for in order to pay for his massive, $300 billion tax cut.

Top 1%: The taxpayers who will get more than half of the benefits under McCain’s tax plan – more than they got under Bush’s.

So Ms. Fiorina, next time you need a citation in a pinch, remember that our Resource Library is just a click away.

Climate Progress

Global Boiling: Senators Ignore The Warning Signs

Fox News Extreme Weather Reporting
FOXNews Extreme Weather Center

Recently, United States Senate has taken several votes on building a green economy that moves away from fossil fuel dependence, creates new green industry, and addresses global warming. Each time a minority of senators blocked the way. On Friday, 38 senators filibustered mandatory greenhouse gas reduction legislation (S. 3036). This morning, Sen. Mary Landrieu (D-LA) joined 41 Republicans to filibuster the Consumer-First Energy Act (S. 3044), which would have given consumers relief by placing a windfall tax on oil companies. Then 44 Republican senators blocked consideration of the Renewable Energy and Job Creation Act (H.R. 6049) to extend renewable energy and other tax incentives.

Meanwhile the signs of the looming climate crisis abound. Extreme weather of all kinds — freak snowstorms, extended droughts, heat waves, flash floods — are causing havoc around the nation, and conservative neglect is leaving us unprepared and unable to rebuild:

– On May 25, “the strongest tornado to scour Iowa’s gentle landscape in 32 years” destroyed a third of the town of Parkersburg, killing eight people.

– On May 30, a tornado destroyed 11 homes and left 65,000 people without power in Indiana.

– On June 6, tornadoes, hail and flooding destroyed homes and washed out roads in Minnesota. North Carolina governor Mike Easley declared a state of emergency as extended drought kindled a massive wildfire in the eastern part of the state.

– On June 7, flooding in Indiana killed two people, a man who drowned in his vehicle. Another person was reported missing after falling off a boat. Nearly a third of Indiana’s counties were declared disaster areas today after flood levels rose higher than the The Great Flood of 1913, breaching levees and inundating entire towns.

– On June 8, violent storms killed eight people in Michigan, including two newspaper workers who drowned when their car became submerged in a flood-swollen creek. Two other people were killed by falling trees, one man drowned and a woman died when high winds blew an RV on top of her. Hundreds of thousands of people lost power after storms dumped five inches of rain in six hours. Lightning struck a pavilion at a state park in Connecticut during a violent storm, killing one person and injuring four.

– On June 9, floodwaters breached a dam on Lake Delton, Wisconsin, as Gov. Jim Doyle declared a state of emergency in the southern half of Wisconsin. The “unusual spring heat wave” caused blackouts in Brooklyn and New Jersey. A new crop of thunderstorms knocked out power in Indiana for thousands of Indianapolis-area residents.

– Today, a freak June snowstorm caused whiteout conditions on Oregon roads, forcing truckers to use chains to navigate the five inches of new snow.

Summer officially begins on June 20.

In 2007, the UN Intergovernmental Panel on Climate Change reported that it is “very likely” that manmade global warming will bring an “increase in frequency of hot extremes, heat waves and heavy precipitation.” The panel of scientists and government officials also found:

Altered frequencies and intensities of extreme weather, together with sea level rise, are expected to have mostly adverse effects on natural and human systems.

McCain Flip-Flops On The Estate Tax

Our guest bloggers are Center for American Progress Action Fund fellows Robert Gordon and James Kvaal.

Sen. John McCain, in September 2005:

I follow the course of a great Republican, Teddy Roosevelt, who talked about the malefactors of great wealth and gave us the estate tax. I oppose the rich passing on fortunes.

McCain today:

The estate tax is one of the most unfair tax laws on the books.

McCain also continues to claim that full repeal of the Alternative Minimum Tax will be a tax cut for “25 million middle-class families.” This is false. Compared to existing policy — the comparison McCain always makes when he tallies up the cost of his program — McCain’s proposal will provide a tax break for fewer than 3.6 million taxpayers, and nearly half of them make more than $500,000 a year.

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