Tag Archives: Economics

All Evidence Shows #GOPTaxScam Is Horrible. Only Question: Can It Be Stopped?

“No good can come of this plan unless you are wealthy or a corporation.”

By Jon Queally, staff writer for CommonDreams. Published 11-18-2017

Photo: LinkedIn

While informed critics and experts say they are now “running out of adjectives to describe how horrible” the GOP’s House and Senate tax plans are, the evidence continues to mount showing the manner in which the party’s overall approach is a gift to the rich and corporations at the expense of low- and middle-income families, millions of whom who will see their taxes actually go up while key social programs like public education, Medicare, Medicaid, and Social Security will face massive cuts.


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With Trump Silent, Sanders and Dems Demand Aid for Iranian Earthquake Victims

“The U.S. has routinely offered to help the Iranian people in times of need. This time should be no different.”

Written by Jake Johnson, staff writer for CommonDreams. Published 11-17-2017.

A devastating 7.3 earthquake struck the Iran/Irag region, killing over 500 and leaving 9,000 injured. Image via Facebook.

As the death toll from the “horrific” earthquake that struck the Iran-Iraq border earlier this week climbs above 500, and as President Donald Trump remains entirely silent on the matter, Sen. Bernie Sanders (I-Vt.) and four Democratic senators sent a letter on Thursday to Secretary of State Rex Tillerson demanding that the White House waive certain sanctions on Iran and allow aid to reach those desperately in need.

“After earthquakes in 2003 and 2012, the United States demonstrated its compassion and goodwill by offering assistance to the Iranian people and allowing private relief donations,” the senators wrote. “This time should be no different.”

While the 7.3 magnitude quake affected both Iran and Iraq, Iran bore the brunt of the overall destruction and casualties.

Under the current sanctions regime, Iranian-Americans living in the U.S. are prohibited from delivering funds to their friends and family members. As Al Jazeera reported on Thursday, several attempts by Iranian-Americans to set up fundraisers for Iran in the days following the earthquake have been stymied by U.S. Treasury Department rules.

“The way it is now, it is extremely difficult,” Tara Kangarlou, a New York-based Iranian-American journalist, said of the economic restrictions. “These are the moments that you realize how political tug of war are hurting ordinary Iranians.”

As for official U.S. government assistance, the Trump White House has been relatively quiet; the Treasury Department called the quake “tragic” in a statement to the Associated Press, but did not say whether the administration plans to mount any kind of response. Trump, himself, has not said a word about the quake, which Sanders and his Democratic colleagues noted was “the world’s deadliest of the year.”

In addition to killing hundreds and injuring over 9,000, a report from European Civil Protection and Humanitarian Aid Operations found that the tremor damaged 12,000 buildings in Iran and Iraq.

Shortly after the earthquake struck, Sanders highlighted the “growing tensions” between the U.S. and Iran—particularly following Trump’s decision to decertify the Iran deal—and argued that providing relief to the Iranian people following such a devastating event “would be an important act of friendship.”

Read the senators’ full letter:

We write today concerning the recent earthquake that struck Iran on November 12. The latest reports indicate over 500 dead and thousands wounded, making this earthquake the world’s deadliest of the year. We urge you temporarily waive any existing restrictions that would impede relief donations in order to speed the delivery of aid.

While the earthquake affected both Iran and Iraq, most of the casualties are on the Iranian side of the border. After earthquakes in 2003 and 2012, the United States demonstrated its compassion and goodwill by offering assistance to the Iranian people and allowing private relief donations. The administrations of George W. Bush and Barack Obama both temporarily waived sanctions, and the Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued general licenses to simplify aid delivery.

Under the Bush administration, an OFAC license authorized U.S. persons to provide cash donations to nongovernmental organizations, U.S. and non-U.S., assisting with relief efforts in Iran. At the time, OFAC also worked with aid organizations to clarify rules on donations of food and medicine and which Iranian entities could receive aid and eased banking constraints to ensure the timely receipt of donations in Iran. While we understand that a general license issued by OFAC in 2013 allows for U.S. nongovernment organization to deliver aid to Iran, we urge you make it easier for U.S. citizens to contribute to nongovernment organizations not based in the United States that are currently providing relief aid to earthquake victims in Iran.

Despite decades of animosity and no formal diplomatic relations, the United States has routinely offered to help the Iranian people in times of need. This time should be no different. We ask that you direct the Department of State to assist in aid efforts and to coordinate such efforts with OFAC and other relevant agencies in order to ensure aid arrives quickly.

Thank you for your attention to this matter. We look forward to your timely response.

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As Predicted—Because ‘Pipelines Are Bound to Spill’—Existing Keystone Gushes 200K Gallons of Oil

‘With their horrible safety record, today’s spill is just the latest tragedy caused by the irresponsible oil company TransCanada.’

By Jon Queally, staff writer for CommonDreams. Published 11-16-2017

Those who had warned against the pipeline’s approval for precisely these reasons and continue to worked tirelessly to prevent the construction of the Keystone XL (KXL) project, were among the first to respond to Thursday’s spill. (Photo: Tar Sands Blockade)

Some of the worst fears and dire predictions of opponents of the Keystone XL pipeline came true on Thursday when pipeline owner TransCanada announced that more than 200,000 gallons of oil had spilled from the existing portion of the Keystone system in Marshall County, South Dakota.

While the company reported the spill in a public statementBuzzfeed notes there was an approximately four-and-a-half hour gap between when the company said the breach was discovered at 6:00 am and when local officials say they were notified at 10:30 am.  As a South Dakota Department of Environment and Natural Resources told the news outlet, “We’re not quite sure why there was a time gap in there.” Continue reading

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House Approves $700B ‘Cash Cow for Weapons Companies’—But Single Payer ‘Too Expensive’

“What if we tell House Republicans and Democrats that North Korea wanted to close schools, take our healthcare away and pump CO2 into our air—we could suddenly, magically find $700 billion dollars for all of it.”

By Jake Johnson, staff writer for CommonDreams. Published 11-15-2017

“This is a massive cash cow for weapons companies, nothing more,” writes Alex Emmons of The Intercept. (Photo: mariordo59/Flickr/cc)

In a bipartisan show of support for endless war and out-of-control military spending, the House of Representatives on Tuesday overwhelmingly approved the nearly $700 billion National Defense Authorization Act of 2018 that aims to boost war outlays by $80 billion—an amount that critics noted would easily cover the costs of free public college tuition and other initiatives that are frequently dismissed as too expensive.

The final vote tally was 357-70, with 127 Democrats throwing their support behind the bill. Sixty-seven Democrats—including Reps. Barbara Lee of California, Keith Ellison of Minnesota, and John Conyers of Michigan—voted against the legislation. Continue reading

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Over 15,000 Scientists Just Issued a ‘Second Notice’ to Humanity. Can We Listen Now?

Reassessing warning issued 25 years ago, the “second notice” to humanity warns of “widespread misery and catastrophic biodiversity loss” unless business-as-usual is upended

By Andrea Germanos, staff writer for CommonDreams. Published 11-13-2017

“Humanity is not taking the urgent steps needed to safeguard our imperiled biosphere,” over 15,000 scientists warned in a letter published Monday. (Photo: NASA)

Yikes.

Over 15,000 scientists hailing from more than 180 countries just issued a dire warning to humanity:

“Time is running out” to stop business as usual, as threats from rising greenhouse gases to biodiversity loss are pushing the biosphere to the brink. Continue reading

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‘There You Have It’: McConnell Says He ‘Misspoke’ When He Promised No Tax Hike on Middle Class

New York Times analysis published Friday found that millions of middle class families would see their taxes rise under GOP plan

By Jake Johnson, staff writer for CommonDreams. Published 11-10-2017

Following the release of a slew of analyses showing that the GOP tax plan would raise taxes on many middle class families—despite repeated promises to the contrary by the Trump administration and Republican lawmakers—Senate Majority Leader Mitch McConnell (R-Ky.) conceded in an interview with the New York Times Friday that he “misspoke” when he declared last week that “nobody in the middle class is going to get a tax increase.”

“I misspoke on that,” McConnell told Times reporter Sheryl Gay Stolberg‏. “You can’t guarantee that absolutely no one sees a tax increase, but what we are doing is targeting levels of income and looking at the average in those levels and the average will be tax relief for the average taxpayer in each of those segments.” Continue reading

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Lindsey Graham Latest Republican to Admit GOP Tax Plan Is All About Keeping ‘Financial Contributions’ of Donors Flowing

“Republicans are literally out here warning each other that their big donors will stop writing checks if they don’t do their bidding.”

By Jake Johnson, staff writer for CommonDreams. Published 11-9-2017

As Common Dreams reported Tuesday, Rep. Chris Collins (R-N.Y.) has made a similar remark, complaining that his donors are pressuring him to pass enormous tax cuts or “don’t ever call me again.” (Photo: Gage Skidmore/flickr/cc)

Sen. Lindsey Graham (R-S.C.) on Thursday became the latest Republican to admit the GOP is trying to ram through massive tax cuts for the rich to satisfy its wealthy donors, telling a journalist that if the party’s tax push fails, “the financial contributions will stop.”

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Nation That Says It Can’t Afford Medicare for All Has Spent $5.6 Trillion on War Since 9/11

Because, as new study notes, wars force the question: “What we might have done differently with the money spent?”

By Andrea Germanos, staff writer for CommonDreams. Published 11-8-2017

“From the civilians harmed and displaced by violence, to the soldiers killed and wounded, to the children who play years later on roads and fields sown with improvised explosive devices and cluster bombs, no set of numbers can convey the human toll of the wars in Iraq and Afghanistan, or how they have spilled into the neighboring states of Syria and Pakistan, and come home to the U.S. and its allies in the form of wounded veterans and contractors,” the new report states. (Photo: Lynn Friedman/flickr/cc)

new analysis offers a damning assessment of the United States’ so-called global war on terror, and it includes a “staggering” estimated price tag for wars waged since 9/11—over $5.6 trillion.

The Costs of War Project at Brown University’s Watson Center says the figure—which covers the conflicts in Iraq, Syria, Afghanistan, and Pakistan from 2001 through 2018—is the equivalent of more than $23,386 per taxpayer. Continue reading

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In ‘Twisted’ Push, Trump Admin Encourages States to Impose Work Requirements for Medicaid

Healthcare experts warn changes would jeopardize healthcare for poorest and most vulnerable Americans

By Jessica Corbett, staff writer for CommonDreams. Published 11-7-2017

Seema Verma, administrator of the Centers for Medicare and Medicaid Services, and U.S. President Donald Trump met in March 2017 in the Oval Office of the White House. (Photo: Shealah Craighead/White House)

In a move called “twisted” and “absolutely awful” by healthcare experts, Centers for Medicare and Medicaid Services (CMS) administrator Seema Verma said Tuesday that the Trump administration will encourage states to force work requirements on people enrolled in Medicaid.

In a speech to the National Association of Medicaid Directors, Verma explained her approach to managing CMS, which emphasizes deregulation and transferring more control to the states. Verma vowed to fast-track approvals of states’ proposals for amending how they implement Medicaid and denounced the Obama administration’s rejection of work requirements for Medicaid recipients, promising to “approve proposals that promote community engagement activities,” which she defined as “working, volunteering, going to school, or obtaining job training.” Continue reading

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Russia, China, and Iran Join Forces to Bring Down the US Dollar

By Darius Shahtahmasebi. Published 11-6-2017 by The Anti-Media

Photo: Public domain

It is becoming increasingly more common for the corporate media to pay attention to the dollar’s dying status as the world reserve currency. The media can no longer realistically ignore developments that ultimately chip away at the dollar piece by piece considering Russia, China, and Iran have become brazen about their intentions to erode the dominant currency in the not-too-distant future.

While Anti-Media has documented the decline of the dollar throughout the course of the year as a result of a number of significant geopolitical decisions, there is still one major elephant in the room that needs to be addressed. Once it is, it should shed some light on just how detrimental these recent developments are to America’s status as the global authority. Continue reading

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