Tag Archives: Marco Rubio

Why Are Minnesota Republicans Cutting Corporate Taxes?

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Yesterday, Minnesota House Republicans–following the lead of President Trump and congressional supporters like Representatives Lewis, Emmer and Paulsen–enacted legislation to lower Minnesota’s corporate taxes from 9.8 to 9.06 in 2020.

On most levels, cutting Minnesota’s corporate taxes makes no sense.

BAD POLITICS. Minnesota House Republicans certainly aren’t cutting corporation’s taxes because most of their constituents want it. By an overwhelming three-to-one margin, a Pew Research survey recently found that Americans say corporate taxes at the federal level should be raised (52%) or kept the same (21%), as opposed to lowered (24%), as Minnesota House Republicans are doing. There’s no reason to believe that Minnesotans would view cutting corporate taxes at the state level much differently than Americans do at the federal level.

BAD FOR NECESSARY INVESTMENTS. Minnesota Republicans aren’t cutting corporate taxes to help help finance necessary and popular state investments in things such as infrastructure, education, and health protections.  After all, corporate tax cuts will significantly reduce state funding available for such investments.

BAD FOR MOST CONSTITUENTS. If Minnesota Republicans are cutting those corporate taxes because they believe doing so will help their constituents, they should dig more deeply into the facts. We’ve already seen at the federal level that the benefits of federal corporate tax cuts are mostly staying with corporations and wealthy people. As CNN Money recently reported:

The White House has celebrated the tax cut bonuses unveiled by the likes of Walmart (WMT), Bank of America (BAC) and Disney (DIS).

Yet shareholders, not workers, are far bigger direct winners from the Tax Cuts and Jobs Act of 2017.

American companies have lavished Wall Street with $171 billion of stock buyback announcements so far this year, according to research firm Birinyi Associates. That’s a record-high for this point of the year and more than double the $76 billion that Corporate America disclosed at the same point of 2017.

Wall Street loves buybacks because they tend to boost the share price in part by inflating a key measure of profitability. In just the past three days, Cisco (CSCO), Pepsi (PEP) and drug maker AbbVie (ABBV) have promised a total of $50 billion of buybacks.

“It’s the largest ever — and nothing has really changed, except the tax law,” said Jeffrey Rubin, director of research at Birinyi Associates.

Conservative Republican Senator Marco Rubio summarized the situation well when he recently told The Economist “there’s no evidence whatsoever that the money’s been massively poured back into the American worker.”

Federal corporate tax cuts are primarily good for a very small slice of the wealthiest citizens.  The Center for Budget and Policy Priorities analysis finds:

“Mainstream estimates conclude that more than one-third of the benefit of corporate rate cuts flows to the top 1 percent of Americans, and 70 percent flows to the top fifth. Corporate rate cuts could even hurt most Americans since they must eventually be paid for with other tax increases or spending cuts.[1]

While this analysis focuses on federal corporate tax cuts, it’s reasonable to assume that the same is true with state corporate tax cuts.

GOOD FOR CAMPAIGN DONATIONS. At the same time, cutting corporate taxes would ingratiate Minnesota House Republican legislators to large campaign donors in corporations.

I’ll let you reach your own conclusion about what is going on here.

Mammas, Don’t Let Your Babies Grow Up To Be Tea Boys

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When I watch coverage of the 2015 Republican presidential rallies and look out into the audiences roaring their approval of every outrageous statement, I sometimes hear an old tune going through my head.  With  apologies to Waylon and Willie:

Mamas don’t let your babies grow up to be tea boys.
Don’t let ‘em blame brown folks and new immigrants.
Let ‘em be learned and lucid and such.
Mamas don’t let your babies grow up to be tea boys.
‘Cuz they’ll always be bitter and troll us on Twitter,
even with someone they love.

Tea_Party

Tea boys ain’t easy to love, if you’ve ever been trolled.
He’d rather cut taxes for Koch bros than help your household.
Grim, grey, and grumpy: “Get offa my lawn, boys!”
Keepin’ his weaponry near.
We can’t understand him, conspiracy delusions.
He’s gotta heart full of fear.

Tea_party_racistMamas don’t let your babies grow up to be tea boys.
Don’t let ‘em blame brown folks and new immigrants.
Let ‘em be learned and lucid and such.
Mamas don’t let your babies grow up to be tea boys.
‘Cuz they’ll always be bitter and troll us on Twitter,
even with someone they love.

tricorn_hat_and_tea_bag

Tea boys like Rush rantin’ mornings and Fox Newsin’ evenins,
whole lotta snake flags and tea bags and black machine guns.
Them that don’t “ditto” won’t like him, and them that do
sometimes look awesome in tricorns.
He’s quite well-intentioned, but his angst won’t let him,
resist the extreme far right.

Tea_Party_guns_2Mamas don’t let your babies grow up to be tea boys.
Don’t let ‘em blame brown folks and new immigrants.
Let ‘em be learned and lucid and such.
Mamas don’t let your babies grow up to be tea boys.
‘Cuz they’ll always be bitter and troll us on Twitter,
even with someone they love.

GOP_presidential_candidates_tea_party

Reality Check Needed In GOP Debate Venues

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GOP_debate_audience_-_Google_SearchIf I were a political party chair, I would make one simple adjustment to make my party more competitive. I would only allow general election swing voters to attend candidate debates.

In general elections, history tells us that the Republican nominee is going to win most Republican voters and lose most Democratic voters. Therefore, their fate is usually going to be determined by their relative ability to attract the roughly one-third of the electorate who are undecided and/or don’t have predictable partisan voting patterns.

If only these type of “swing voters” were sitting in the audience of the debates, candidates would get the kind of reality check that they just don’t get when speaking at partisan debates, rallies, fundraisers, and interest group endorsement interviews.

For instance, when billionaire Donald Trump demeans women, Hispanics, immigrants, and other large voting blocks, he wouldn’t hear the roar of approval he hears from his loyal supporters. He would hear the groans of a broader group of Americans, 59% of whom now have an unfavorable opinion of Mr. Trump, by far the worst of all Republican candidates.

When Dr. Ben Carson says the Affordable Care Act (ACA) is the worst thing since slavery, he wouldn’t be rewarded with the hoots and hollers he gets at gatherings of extreme conservatives. Instead, he would hear disapproval from Independent voters, a plurality of whom want the ACA either maintained or expanded (only 30% want it repealed).

When Senator Marco Rubio brags about his legislation opposing Affordable Care Act funding of birth control, he won’t hear the “amens” he gets at gatherings of his anti-abortion supporters.   He’ll hear boos from the 69% of Americans, and 77% of women, who support that ACA birth control benefit.

When Jeb Bush describes his predictable plan to further cut taxes for the wealthiest Americans, he won’t get the cheers he gets from the GOP establishment. He’ll hear boos from the 66% of Independent voters who want to increase income taxes on people earning over $250,000 per year.

When Senator Ted Cruz, Senator Rick Santorum, Governor Bobby Jindal and Dr. Carson all tout their support for a constitutional amendment banning same sex couples from getting married, an audience of swing voters would not react nearly as positively as conservative audiences do.   After all, a solid majority (61%) of Independents now favor same sex marriages.

To save their party, Republican candidates desperately need a reality check to prevent them from taking extreme positions that sell well with extreme right wing activists, but harm them in general elections, when they need to win a majority of middle-of-the-road voters. Removing the conservative hallelujah chorus from presidential debate audiences would be one good way to begin to inject such a reality check.

FoxNews Debate: God Help Me, That Was Some Sick Fun

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Lambert_to_the_SlaughterOk, I admit it. I was rooting for Donald Trump last night. Not because I think he has a clue about anything relevant to you and me. But simply, purely, because as long as he holds center stage he guarantees the belittling light of farce will remain fixed on the entire Republican field. Without him more people might be tempted to take the likes of Scott Walker seriously, to name only one prime example.

When the debate wrapped last night and the Dramamine began wearing off — no point risking stomach distress from the whiplashing motion sickness in the white caps of so much illogic and shameless bullshit — I clicked over to the liberal enclave, MSNBC, for their take on the circus.

First came Chris Matthews, wetting himself over the performance of … Marco Rubio (!?). Then came Chuck Todd with his focus on FoxNews’ opening salvo — asking for a show of hands on who would abide by the party’s eventual nominee and then Megyn Kelly’s long question/indictment of Trump’s catty shots against women over the years — both clearly designed to knock The Donald, no friend of Rupert Murdoch, back on his heels at the get-go.

Trump, a creature of show biz catfighting, gave as he got and I strongly suspect rose today at least as strong as he was before the curtain rose last night. Why? Because his “people” don’t give a damn about “political correctness”, as he argued. Nor do they care all that much about gay marriage or immigration or the Iran deal, or any of the other alleged hot button issues touted by the political class. Mainly, Trump’s people are just pissed off, pretty much at everyone, on the not exactly deeply-examined grounds that “those people” have been screwing them over and are responsible for the condition of their lives.

Of course there’s no logic to their embrace of a ravenous, self-serving billionaire who plainly doesn’t know a thing about foreign relations, national security or public policy. But logic has very little role this early in any election season and almost none at any time in the modern conservative freak show of vanity candidates.

I seriously doubt your average Trump supporter believes for a second he’ll win anything. ot thNe nomination, much less the presidency. All they want for the time being is an entertaining performer who makes the other guys (and gal) look like the scripted stiffs they are.

The night before the debate I had a long happy hour with former right-wing talk show host Jason Lewis. (There’ll be a Q&A with him on MinnPost.com in the next couple weeks.) Over the course of three hours Lewis did say one interesting thing. (That’s a joke.) And that was that Trump’s immunity to criticism has everything to do with the fact that his demeanor powerfully conveys the attitude, “I don’t need this.” He may want it, like another gilded trophy (or wife). But “need it”? No. Certainly not in the sweaty, grasping, cringe-inducing way of a Rick Santorum, Chris Christie or Mike Huckabee? No way. Not even in the cynically calculating way of a life-long lapper at the taxpayer teat like Scott Walker. Lacking desperation, he exudes a scent of confidence the others can only fake.

The “I hate them all, because they’ve done nothing for me” crowd likes and admires and wishes they were a guy who could say, “Take this job and shove it” … and then fly their private jet back to their “classy” Palm Beach mansion. That crowd’s nihilistic fantasy is that Trump or the next guy/woman like him, will torch the system and, if nothing else, bring all the elitist douche bags down to their forced-to-shop-at-WalMart level. (And yes, do note the irony in that “elitist DB” business.)

But don’t take any of this from me. My assessment of winners and losers last night, Trump aside, was that … Rand Paul and John Kasich stood out, in a positive way.

Paul of course suffers from the same pathology as his father, Ron. Namely, the “Five Minute Rule” as the great Charles Pierce describes it. Both Pauls start in on some topic, usually military adventurism, and you’re thinking, “That makes sense. This guy isn’t quite the whack job I thought he was.” But then, almost exactly at the five-minute mark, just when you’re this close to buying into the hype that these guys are on to something they turn and take a headfirst dive into a 20-foot tub of Libertarian bat guano.

Like this one: ” ‘I think you don’t have a right to happiness — you have the right to the pursuit of happiness’, Paul, an ophthalmologist, said in a 2009 Kentucky town hall meeting. ‘[I]f you think you have the right to health care, you are saying basically that I am your slave. I provide health care. … My staff and technicians provide it. … If you have a right to health care, then you have a right to their labor’.”

WTF?

Kasich, despite the wooze-inducing claim that he was responsible for the Clinton economy of the 1990s, at least came across as a guy with touch of authentic empathy for the 47% crowd.

Ben Carson looked and sounded like a stand-in for a real candidate, like those seat-fillers they have at the Academy Awards show who zoom in when the stars have to take a potty break. Mike Huckabee, “a loser”, as Trump would say, with “no chance” seemed angrier than usual, and no more coherent. Ted Cruz was pretty much overlooked and typically tedious when he did speak, basically echoing the party line that his plan for America is to: A: Repeal everything Barack Obama has touched, and B: Head back over to the Middle East and really kick some towelhead ass this time. Because, you know, it worked out so well when Dick and W* did it.

Jeb Bush, the scion, brother-of and presumptive candidate once Trump flames out or goes independent rogue, came off like a sheet of taupe wallpaper. Like a bond salesman terrified he’ll say the one wrong thing that’ll scotch the deal, which in this case is his entitlement to the job. Beyond that, I’m sure there are millions of Floridians who had no idea Jebbie had transformed their pestilential wonderland of causeway McMansions and meth-head rednecks hiding under double-wides into a goddam Utopia of freedom and gummint service.

Chris Christie? Please. Rubio? Slick, telegenic as hell and as vacuous as a Fox & Friends host. And my boy Scott Walker? A guy who makes me worry because of the profound, visceral, rabid skunk-in-the-backyard repulsion I have for him? Even in this crowd he stands out if the contest is for the most smug and practiced liar. Hell, I’m still cleaning up the mess that shot out my nose when he declared he had balanced Wisconsin’s budget. You know, the one with the $2 billion deficit?

But as raw entertainment? As a combination of non-sequiturs, magical thinking, fear-mongering, denial and misdirection? Great stuff! Two thumbs, way up! Show biz gold, baby!

And really classy.

Place Your Bets: Handicapping 2016

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Lambert_to_the_Slaughter[Updated]. From the number of pieces I’ve read recently, handicapping the 2016 presidential race has become a click-bait hobby for plenty of allegedly reputable people. So let’s see how it works with a disreputable, unabashed, socialize-all-medicine, raise the tax and fix the damn roads, free community college for all, screw the F-35 and legalize pot liberal.

With Hillary Clinton a given for the Democrats — although god help them if she’s hit by a bus or caught in a love nest with Vladimir Putin, because there is no “Plan B” — I’ll assign a percentage value to the Republican field poised against her. 0% being the most serious candidate, someone likely to beat her, and 100% being a laugher, the equivalent of another Michele Bachmann delusion.

Jeb Bush: 5%. The Republican ruling class actually did a very good job sweeping the worst of the nut cases off their candidate slate last year. (Yes, Joni Ernst won in Iowa.) But there were no witches, no “legitimate rapes” and very little open Tea Bag pandering, at least compared with 2010. This suggests authority –spreading money to local Tea Party captains — is capable of getting Jeb through the primaries without forcing him to wear a tri-corner hat, leggings and ‘rassle snakes at prayer breakfasts. If that’s true, he’s bona fide serious opposition. He certainly more serious and intellectually engaged than his feckless brother. (I seriously doubt we’d have gone to Iraq with Jeb instead of W*, if only because he wouldn’t have laid the “detail stuff” off on Dick Cheney). But I still don’t think he could beat Her Regency. The Democrats have a profound electoral map advantage, the horror of another Bush is just too much for millions of active voters and while Hillary Clinton is hardly anyone’s idea of a “transformational candidate”, the stage is set and lit, with roses in place for a woman.

Scott Walker: 15%. In most ways a textbook example of the ideal Movement Conservative. He’s got that Tim Pawlenty careerist talent of rarely sounding like the pathological narcissist/cynic he is. Despite a Pawlenty-like mismanagement of his state’s economy, laying on massive multi-billion dollar deficit while Minnesota tries to decide what top do with giant surplus, his “go-big” brawl with public unions is all it takes to be hero to … the rubes who aren’t in unions and his industrialist, union-hating benefactors, most notably the Koch brothers. He’s no serious threat top defeat Hillary in a general election, but there’s no question he has the duplicitous wiles to survive a GOP primary campaign.

Rand Paul: 25%. He’s sort of this year’s version of Newt Gingrich. “What dumb people think a smart guy sounds like.” There are college-age wonkers who love his contrarian poses and think tankers who see a guy who’d go out play with their most batshit Ayn Randian theories. But he’s also a little like Joe Biden, in that he’s not big on filters. Over the course of the grind he’ll say at least 20 nutty things that will serve to remind fence-sitters that Hillary at least is a predictable commodity.

Mitt Romney: 40%. Face it. He’s the only Republican with the exception of Jeb, who doesn’t have bury his face in the laps of the Koch Brothers or Sheldon Adelson. He could pay for the race out of his mad money jar. Moreover, he might have learned something about pandering to the loonies in 2012. But, come on. Everywhere outside of a Palm Beach investment bankers luncheon Mitt is still the clueless rich guy, a cartoon who gives no indication that even he knows what he really believes.

Ted Cruz: 60%. Now this guy can do some damage. Not to Hillary. It’d be a landslide in her favor if he ever went mano a mano. But he’s the sort of wholly self-absorbed, unapologetic douche bag who’ll blow off any notion of collegiality and force the Jebs and Mitts to explain why they’re not sending in the Marines to block Obamacare. Frankly, I’m amazed that someone hasn’t dug up a juicy scandal on the Tedster. If ever someone looked like they’re hiding a closet full of perversions, its Cruz.

Marco Rubio: 75%. By now his reputation is locked in concrete. An empty suit. A cutey-pie shill for old money interests without the Clintonesque imagination to make a serviceable case for either pole of the same argument.

Rick Perry: 80%. An even emptier suit than Rubio, even with his new “I must read something because I’m now wearing glasses” look. Worse, for him, Jeb, though associated lately with Florida, is closer to the big, safe-bet Texas money. Still, in terms of pure entertainment, Perry was good stuff on the campaign trail, we’d all love to see him back

Rick Santorum. 90%. Say what you will, Santorum was the hardest working guy in a sweater vest Iowa and the Deep South primaries have ever seen. Lacking Bush and Romney-style money, he has no choice but to pander to the most medieval of the crazies, while reminding everyone else of the guy in high school who no other guy wanted to hang out with. He’s the Republicans’ Harold Stassen, unless Romney wants to fight him for it.

Mike Huckabee: 95%. He’s one of those sweaty, grasping characters who just refuses to go away, clinging to the belief, like Jim Carrey in “Dumber and Dumber”, that “there’s still a chance”. There isn’t. There never has been. Besides there’s more money in slinging stale meat to rubes from FoxNews.

Sarah Palin: 1000%. There’s nothing, short of a long weekend with Sofia Vergara, (sorry, dear), that would delight me more than a Hillary v. Sarah face-off. Michele Bachmann was an opportunistic nut-case sucking up $20 checks from embittered revivalists living on Social Security checks, but Palin is the gold standard for naked pandering, startling stupidity, rank incompetence and non-stop public buffoonery. We are already looking back on her as an icon of the age of celebrity worship. “Does she look good in a form fitting suit? Well then she can be president.” I think John McCain said that.