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Economy

ANALYSIS: GOP Candidates’ Tax Cuts For The Rich Are Up To 270 Times Larger Than Their Tax Cuts For The Middle Class

The 2012 Republican candidates are largely in lockstep when it comes to economic policy, wanting to give huge tax cuts to the rich and corporations while doing next to nothing to boost consumer demand or help the middle class and the unemployed who have been battered by the Great Recession. In fact, according to an analysis by Citizens for Tax Justice, the average tax cuts received by the richest 1 percent of Americans under the Republican plans would be 270 times as large as the cut received by the middle class:

The share of tax cuts going to the richest one percent of Americans under these plans would range from over a third to almost half. The average tax cuts received by the richest one percent would be up to 270 times as large as the average tax cut received by middle-income Americans.

Perry wins the award with a tax cut for the richest 1 percent that is 270 times larger than his middle class tax cut, while Gingrich’s is 190 times larger. Santorum and Romney pull up the rear with tax cuts for the rich that are 100 times larger than the cuts for the middle class, while CTJ did not analyze Jon Huntsman or Ron Paul’s plans. (CTJ uses a current law baseline, rather than a current policy baseline, to calculate its cuts. Using a current policy baseline, millions of middle class families would see a tax increase under Romney’s plan.)

CTJ also noted that “the cost of the tax plans proposed by Republican presidential candidates would range from $6.6 trillion to $18 trillion over a decade.” Therefore, “even the meager tax cuts that would go to low-income and middle-income taxpayers under these plans would almost surely be offset by the huge cuts in public services that would become necessary as a result.”

Climate Progress

Obama: We Don’t Have To ‘Make A Choice Between Having Clean Air And Clean Water And Growing This Economy’

President Obama and EPA Administrator Lisa Jackson, 5/21/2010

Republicans, including the GOP-led House of Representatives and presidential field, have tried battering record clean air and water standards set this year by the Environmental Protection Agency. Speaking to EPA staff today, President Obama discussed his commitment to efforts toward cleaner air. In his remarks, Obama highlighted EPA Administrator Lisa Jackson’s leadership in creating a major new EPA rule that cuts mercury pollution from coal-fired power plants:

See the president’s comments:

Over the past three years, because of your hard work, we’ve made historic progress on all these fronts. Just a few weeks ago, thanks to the hard work of so many of you, Lisa and I was able to announce new common-sense standards to better protect the air we breathe from mercury and other harmful air pollution. And that was a big deal. And part of the reason it was a big deal was because, for over 20 years, special interest groups had successfully delayed implementing these standards when it came to our nation’s power plants. And what we said was: “Enough.” It’s time to get this done. [...]

Because of you, across the board, we’re cutting down on acid rain and air pollution. We’re making our drinking water cleaner and safer. We’re creating healthier communities. But that’s not all. Safeguarding our environment is also about strengthening our economy. I do not buy the notion that we have to make a choice between having clean air and clean water and growing this economy in a robust way. I think that is a false debate.

While the administration received major criticism for delaying an EPA-set smog standard in September, Obama said today, “I want you to know that you’ve got a president who is grateful for your work and will stand with you every inch of the way as you carry out your mission.”

NEWS FLASH

Pat Buchanan Blames ‘Militant Gay Rights Groups,’ ‘People Of Color’ For Pending MSNBC Termination | Conservative commentator Pat Buchanan attacked gay rights and civil rights organizations for pressuring MSNBC network president Phil Griffin to fire him after the release of his latest book, Suicide of a Superpower. The work, which has been roundly condemned, includes chapters titled “The End of White America” and “The Death of Christian America.” “Look, for a long period of time the hard left, militant gay rights groups, militant — they call themselves civil rights groups, but I’m not sure they’re concerned about civil rights — people of color, Van Jones, these folks and others have been out to get Pat Buchanan off T.V., deny him speeches, get his column canceled,” Buchanan said during a radio interview with Sean Hannity on Wednesday. “This has been done for years and years and years and it’s the usual suspects doing the same thing again. But my view is, you write what you believe to be the truth.” Buchanan said he has not received a “formal notification” of his termination from the network, although executives have hinted that he will not return to the airwaves. Listen:

Politics

VIDEO: New Hampshire Voters Worry Romney May Be A ‘Corporate Raider’

MANCHESTER, New Hampshire — As voters here head to the polls today to help decide who will be the GOP’s presidential nominee, some voters are turning away from front-runner Mitt Romney because of his ties to Wall Street and history at Bain Capital. Speaking outside campaign events and polling places, voters told ThinkProgress they worry Romney is a “corporate raider,” who wants to “turn the government into a corporation,” and who says he wants to create jobs in the U.S. but has outsourced them to other countries. Watch our video report:

NEWS FLASH

U.N. Says 400 Syrians Killed Since Arab League Monitors Arrived | The United Nations political chief B. Lynn Pascoe said today that an estimated 400 people have died in the uprising against the Syrian regime after Arab League monitors arrived in the country. U.S. ambassador to the U.N. Susan Rice said on Twitter this afternoon that “at least two Arab League monitors were roughed up today” and the organization “has released a statement blaming pro-regime elements.”

Alyssa

Emma Stone Is Cool Because She’s A Woman, Not Because She’s A Dude

I think Jeff Labrecque may be technically correct here that there are few women in Hollywood who gets to have careers that are as multi-faceted as the best careers for men. But I still find the idea that not being “limited by those constraints” applied to women means that Stone is like a dude:

There have been many other actresses who have experienced similar success at her age, 23, but Stone seems to be a different creature. Even when she’s cast as The Girl, she’s never been limited by those constraints. From Superbad to CSL, she’s imbued what might have been clichéd female characters into something indelibly richer. And as she increases her clout, she’s finding the unique roles that enhance her growing stardom without making her a prisoner of any specific genre or pre-fab persona.

I guess what I’m getting at, and I mean it as a high compliment, is that Stone is a dude — in the sense that she is building a career typically allowed to only serious actors in Hollywood. Guys in the industry unfairly get more leeway, whereas actresses are so easily boxed in at an early age, and few have been allowed or earned the freedom Stone currently enjoys. She can literally do anything, and she’s getting opportunities to prove it in period dramas, high school comedies, adult romantic comedies, and comic-book epics. She’s on her way to becoming a lucrative brand, an ironic but nevertheless well-deserved achievement considering her multiple talents and eclectic taste.

I actually think it’s more apt to suggest that Stone is on a trajectory to escape the permanent girlhood Hollywood foists on most actresses. Limiting actresses to stories that pit jobs v. love as if they’re a choice, or that makes the question of whether or not someone is the One isn’t just a female thing, or what femininity is made up of. Instead, it’s a way of trapping actresses in the black-and-white terms of teenagedom, of walling them off from the full range of problems and joys women get to experience. If there was one thing I liked about The Help it’s that it’s a love story where the female lead chooses her career over her dude and feels absolutely no ambiguity about it: racial justice is more important to her at the moment than romance or respectability is. Women aren’t just wives and mothers and people with jobs: they’re citizens.

Justice

California Refuses To Deliver Copy Of The Atlantic To Prisoner Due To Photo Of Militant On The Cover

The Atlantic’s Jeffrey Goldberg reported yesterday on an odd case of a California prison refusing to deliver a copy of the magazine he works for to an inmate at Central California Women’s Facility in Chowchilla, California. Goldberg writes that the magazine received a letter from the prison saying that it refused to deliver the December issue of the magazine to an inmate because of a section in the California Code of Regulations that bars “warefare [sic] or weaponary [sic]” in the items mailed to inmates. (Read the full letter to The Atlantic here.)

The December issue featured photograph of a Pakistani militant on the cover. Here’s a snapshot:

Goldberg sent a letter back to the prison, defending the use of the photograph and the journalistic value of the article. The “photograph has great journalistic merit,” he wrote. “It vividly illustrates the challenges American leaders face in Pakistan and the surrounding region. The photograph and story do not glorify violence in any way. Quite the opposite: We published the article, and the accompanying images, in order to highlight the dangers of violence of South Asia.” When the Atlantic receives a response from the prison, they plan to publish it online.

Economy

Apple CEO Makes $378 Million As Its Chinese Workers Still Toil In Terrible Conditions

Apple CEO Tim Cook

Apple CEO Tim Cook will receive a $378 million pay package this year, consisting of a $900,000 base salary and $376.2 million in stock options. This is a six-fold increase over his compensation last year, and could very well make Cook 2011′s highest paid CEO.

At the same time that the company is handing such a huge package to its chief executive, though, the workers in China who make Apple’s most well-known products continue to toil in tough conditions. Last year, a report from Students & Scholars Against Corporate Misbehaviour (SACOM), a Hong Kong-based advocacy and research group found that the Chinese workers at the Taiwanese-based company FoxConn — who assemble the iPad, as well as other high tech gadgets for Apple, HP, Microsoft and others — were forced to work loads of overtime, stand on their feet 14 hours a day, and live packed together in squalid dormitories.

So many FoxConn workers committed suicide that the company instituted a no-suicide pact for workers to sign and installed nets on factory roofs to prevent workers from jumping. In fact, reports surfaced today of a group of FoxConn workers threatening to commit suicide after the company reneged on payments it had promised them. Atlantic Wire has the details:

300 employees who worked making the Xbox 360 stood at the edge of the factory building, about to jump, after their boss reneged on promised compensation, reports English news site Want China Times. It’s not like this is the first time working conditions at Foxconn have made news outside China. But iPhone and Xbox sales surely haven’t lagged in the wake of those revelations and neither Apple nor Microsoft has done much of anything to fix things.

Instead of the raise they requested, these workers were given the following ultimatum: quit with compensation, or keep their jobs with no pay increase. Most quit and never got the money. That’s when the mass suicide threat came in.

Apple has said that it is addressing the plight of its Chinese workforce — particularly after an internal audit last year showed that 137 workers at a Chinese factory “had been seriously injured by a toxic chemical used in making the signature slick glass screens of the iPhone” — but so far not much seems to have changed.

Climate Progress

Germany Installed 3 GW of Solar PV in December — The U.S. Installed 1.7 GW in All of 2011

And the Germans did it at roughly half the price.

In the lead up to another 15% reduction in Germany’s feed-in tariff (the price paid for solar electricity fed into the grid), the German solar industry finished 2011 off with a bang — installing 3,000 megawatts of solar photovoltaic systems in December.

Let’s put those figures in perspective: In just one month, Germany installed almost twice as many megawatts of solar than the entire U.S. developed during all of 2011. Preliminary figures show Germany ended the year with roughly 7,500 MW of installations; the U.S. ended up with about 1,700 megawatts, according to GTM Research.

Oh, and I should probably mention that the Germans installed all of that solar at almost half the price. The average price of an installed solar system in Germany came to $2.80 in the third quarter of 2011. In the U.S., it was about $5.20 in the third quarter.

Why the disparity? The Germans have a much more mature solar market. The country’s simple, long-term feed-in tariff makes financing projects less expensive, and has created a sophisticated supply chain that allows companies to source product, generate leads and get systems on rooftops efficiently.

Some criticize feed-in tariffs for not creating a “market” like we imagine in the U.S. The activity we saw at the end of 2011 is representative of what happens every year in Germany: because the incentives are dropped down to meet market pricing, there is always a rush in December to install systems quickly. But isn’t that what we do in the U.S. when tax credits and rebates are about to expire?

It’s fair to criticize feed-in tariffs like those in Spain and the Czech Republic which caused an unsustainable boom before crashing down. But when looking at the numbers and pricing that the German solar market continues to post, there’s still a very compelling argument for states and municipalities to consider moderate, long-term pricing mechanisms like feed-in tariffs.

NEWS FLASH

Springfield, Illinois Reverses Decision, Reinstates Civil Union Partner Benefits | LGBT advocates have convinced the Springfield, Illinois Joint Labor/Management Insurance Committee to unanimously reinstate health benefits for the civil union partners of city employees, a complete reversal of its December decision cutting the benefits because they were too costly. The committee had previously reported cost estimates for the benefits nearing $750,000, but the revised estimate for the six affected couples was mysteriously less than 10 percent of that: $66,000. The unexplainable numbers aside, the reversal is an important win for the elected officials and grassroots organizing that protested the original decision. (HT: Chicago Phoenix.)

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