Tag Archives: public

Lowering Taxes on the Middle Class Is a Loser for Democrats

by MarlaMott7 Posted on May 29, 2017

Mother Jones

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Eric Levitz argues today that Democrats need to campaign on lowering middle-class taxes:

The party has plenty of internal disagreements on pocketbook issues. But there is a broad consensus on Team Blue that the tax code should be more progressive. It shouldn’t be difficult for Nancy Pelosi and Chuck Schumer to unite most elected Democrats around a tax-reform blueprint.

Such a plan could combine return-free filing with a massive increase in the tax credits for earned income and child care, financed by healthy increases in the taxation of high-income individuals and multi-million-dollar estates. The party could also go more ambitious, and offer a detailed plan for overhauling the tax system with an eye toward simplicity and progressivity.

Here’s the problem with this: Middle-class Americans barely pay any federal income tax at all. Here’s the data from the Tax Policy Center for 2013:

The income quintile in the dead middle pays 2.6 percent of its income in federal income taxes. How much less do even Democrats want to make it?

If liberals really want to have an impact on the middle class, they have to focus on other taxes. For the middle quintile, the payroll tax is about four times higher than the income tax. State sales taxes are in the same ballpark. Those are the taxes that matter. As far as the federal income tax goes, if Democrats really want to lower and simplify it, they should just propose a zero percent rate up to an income of $100,000, along with an EITC that refunds money to the working poor. That would be pretty popular.

Of course, it would also mean that Democrats have decided to battle Republicans on their home field, which is probably a losing strategy. It also means they’ll have a much harder time justifying single-payer health care, free college, subsidized daycare, and all the other stuff they support. Sure, they can pay for some of this stuff by raising taxes on the rich, but that only takes you so far.

If I had to guess, I’d say Democrats are better off focusing on more and better services for the middle class, not lower income taxes. That redistributes income at least as well as progressive tax rates. Probably better.

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Lowering Taxes on the Middle Class Is a Loser for Democrats

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Los Straitjackets’ New Album Is Goofy and Sparkling

by Robin9646bztt Posted on May 29, 2017

Mother Jones

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Los Straitjackets
What’s So Funny About Peace, Love and Los Straitjackets
Yep Roc

Courtesey of Yep Roc Music Group

Garbed in Mexican wrestling masks and specializing in surf guitar instrumentals, Los Straitjackets have refused to take themselves seriously since their mid-’90s debut album—at least on one level. In reality, these accomplished and tasteful players have repeatedly shown that it’s possible to invest a nostalgic, seemingly outdated style with a range of moods, from tender intimacy to rowdy exuberance. The bracing What’s So Funny About Peace, Love and Los Straitjackets is devoted entirely to songs written or co-written by the great Nick Lowe, their recent tourmate and a stellar songsmith since Britain’s pub rock days of the ’70s. Though Lowe’s probably best known for his lyrics, which can be either heartrending or smart-alecky, Los Straitjackets’ snappy versions of “Lately I’ve Let Things Slide” and, of course, “(What’s So Funny ‘Bout) Peace Love and Understanding” make a strong case for him as a gifted melodist too. This sparkling set is good fun from first note to last, and hopefully the harbinger of a full-fledged collaboration.

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Los Straitjackets’ New Album Is Goofy and Sparkling

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Camera Collection Update

by FrancineCoote Posted on May 28, 2017

Mother Jones

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I have a new camera, so that means I need to update my camera gallery. This time I took a family photo, and then practiced my Photoshop skillz by erasing the background so they all look like they’re floating in air. I’m really bad at this kind of thing because I can’t draw a straight line with a mouse to save my life. So it was good practice even if it was kind of tedious.

Anyway, here it is: 80 years of Drum family cameras. More details in this old post if you’re curious about them.

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Camera Collection Update

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Trump Abroad: Big Talk, Not Much Big Action

by SantosSolis Posted on May 28, 2017

Mother Jones

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Here’s a headline in the LA Times this morning:

Is this really true? I’m not so sure. What Trump demonstrated was big talk far more than big action. He signed a $110 billion weapons deal with the Saudis that was only a hair different from what Obama had agreed to. He announced a bunch of new business that would have happened with or without him. He supported the Saudi war in Yemen, but Obama did too. He visited all the usual places in Israel, just like Obama. He asked NATO countries to spend more on defense, just like Obama did. He played games with our Article 5 commitment, but afterward his aides made clear that nothing had changed.

Rhetorically, of course, Trump was very different indeed. Obama may have given the Saudis nearly everything they wanted, but Trump explicitly said he didn’t care about their human rights abuses. John Kerry worked endlessly on a peace deal in Israel, but he did it quietly. Trump blared his commitment to PEACE at every opportunity. Obama pushed our NATO allies to spend more on defense, but Trump gave a loud public speech about it.

Rhetoric matters, for good and ill, but the truth is that Trump’s rhetoric wasn’t accompanied by much in the way of action.1 In terms of what the US actually plans to do, there really hasn’t been much change so far.

1The biggest substantive difference is the possibility of US withdrawal from the Paris climate change agreement. However, Trump hasn’t announced his decision about that yet.

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Trump Abroad: Big Talk, Not Much Big Action

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The Intel Community Needs to Fire Someone—Fast

by LoriRea327034841 Posted on May 25, 2017

Mother Jones

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The US intelligence community has screwed up. Someone (or multiple someones) passed along British intel about the Manchester bombing to US reporters before it had been publicly released. This is bad for at least three reasons:

It quite possibly impedes an active investigation.
It pisses off British intelligence.
It gives Donald Trump a very reasonable excuse to demand an investigation into leaking from our intelligence agencies.

This is a bit like the reporters who fail to verify their stories properly and end up making mistakes. It might not happen very often, but it gives Trump ammunition for his claims that the media is out to get him with endless fake news. For that reason, reporters in the age of Trump need to be doubly careful about what they write.

If the intel community is smart, it will figure out where these leaks came from and fire someone fast. But are they smart?

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The Intel Community Needs to Fire Someone—Fast

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Nothing Says "Happiness" and "Relief" Like Angela Merkel Seeing Barack Obama Again

by TerraP46oyiest Posted on May 25, 2017

Mother Jones

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German Chancellor Angela Merkel is having quite the day with current and former US presidents.

This morning she met with Barack Obama for breakfast and an event in front of thousands at the Brandenburg Gate, and with the rendezvous came a rhapsody of smiles and mutual affection.

“We can’t hide behind a wall,” Obama told the rapt audience, a none-too-subtle dig at his successor, in his first speaking appearance in Europe since he left office. The crowd lapped it up.

Tonight, Merkel is in Brussels meeting current US president—and handshake-refuser—Donald Trump at a NATO summit.

Two presidents, one day. How is it going? One clue can be read in their faces. Note, if you will, the sheer number and range of smiles shared between Merkel and Obama this morning.

Like this one, the “is-it-really-you, B?” smile:

Or this, the “we-were-so-good-together, remember?” smile:

The “I-know-you’ve-moved-on, but-our-old-jokes-were-better-than-others’-jokes” smile:

And then there was this elegant wave-of-the-hand smile; B.O. pleased as punch:

Nicole Kubelka/face to face via ZUMA Press

Meanwhile, in Brussels, early photos indicate a….very different rapport:

Merkel and Trump pictured during the unveiling ceremony of the new headquarters of NATO in Brussels, Wednesday.Benoit Doppagne/Belga via ZUMA Press

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Nothing Says "Happiness" and "Relief" Like Angela Merkel Seeing Barack Obama Again

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Trump Appears to Shove NATO Leader Aside for Better Position in Photos

by DesmondYDT Posted on May 25, 2017

Mother Jones

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During a meeting with fellow NATO leaders in Brussels on Thursday, President Donald Trump appeared to shove Prime Minister Milo Dukanovic of Montenegro aside in order to position himself front and center for photographers.

The gesture was swiftly mocked on social media. Trump’s first visit to the Belgian capital, a city the president previously described as a “hellhole,” was already fraught with anxiety. Trump vowed to pull the United States out of NATO and repeatedly described the group as “obsolete” during the presidential campaign. Although he appeared to reverse course after meeting with the group’s secretary general in April, Trump’s commitment to NATO remained unsure.

Those apprehensions were reaffirmed Thursday: Shortly before appearing to push Dukanovic, Trump delivered a speech chastising NATO countries for failing to “meet their financial obligations”—a popular refrain from his campaign days. Keep a lookout for the faces of European leaders as Trump lectures them in the clip below:

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Trump Appears to Shove NATO Leader Aside for Better Position in Photos

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Obamacare Is Pretty Stable — Unless Republicans Cripple It

by KristiPaton Posted on May 25, 2017

Mother Jones

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The CSR subsidies that President Trump keeps threatening to kill are pretty important:

Here in California, our insurance commissioner has asked all health insurers for two sets of rate hike requests: one that assumes the CSR subsidies continue and one that assumes they don’t. We won’t get the rate requests for several weeks, but I expect that we’ll see the same kind of difference. At a guess, average rate increase requests will be around 6 percent with CSR and 15 percent without.

Just to be crystal clear about this: What this means is that if Republicans stop screwing around with CSR, rate hikes nationwide would probably be in the 5-10 percent range, which is fairly normal. It also shows that the market has started to stabilize after last year’s big increases. The only reason we’re likely to see another year of big increases is because of a deliberate campaign to undermine the Obamacare market by Republicans.

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Obamacare Is Pretty Stable — Unless Republicans Cripple It

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Here’s What Montana Voters Are Waking Up to After Greg Gianforte’s Assault Charge

by RoscoeKaur3 Posted on May 25, 2017

Mother Jones

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In the wake of Montana Republican congressional candidate Greg Gianforte’s alleged assault of a reporter Wednesday, all three of the state’s largest newspapers have withdrawn their endorsements of him. The papers, which include the Billings Gazette, Missoulian, and Independent Record, pulled their support within hours of the shocking incident, which came on the eve of Montana’s special election to fill the seat of Interior Secretary Ryan Zinke.

“If what was heard on tape and described by eye-witnesses is accurate, the incident in Bozeman is nothing short of assault,” an editorial from the Billings Gazette read. “We wouldn’t condone it if it happened on the street. We wouldn’t condone it if it happened in a home or even a late-night bar fight. And we couldn’t accept it from a man who is running to become Montana’s lone Congressional representative.”

Gianforte had touted the newspapers’ endorsements in a campaign video as recently as Wednesday morning.

On Wednesday evening, Guardian news reporter Ben Jacobs approached the GOP candidate with a question regarding the American Health Care Act. According to audio of their exchange, Gianforte quickly grew irritated by the question. Loud thuds can also be heard in the recording. Jacobs contacted the police and Gianforte was charged with assault for allegedly “body-slamming” him.

Shane Scanlon, a spokesman for the Republican candidate, released a statement calling Jacobs a “liberal reporter” and accused him of exhibiting “aggressive behavior.” However, three Fox reporters who witnessed the alleged attack confirmed Jacobs’ account and said they saw Gianforte grab Jacobs by the neck before pummeling him on the ground.

It remains to be seen, however, whether Gianforte’s alleged actions will have an effect on today’s race. Because of Montana’s absentee voter laws, most expected voters have already cast their ballots.

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Here’s What Montana Voters Are Waking Up to After Greg Gianforte’s Assault Charge

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Housing Prices Are Booming in Southern California

by FrancisOLN Posted on May 24, 2017

Mother Jones

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From the LA Times today:

The median home price in Los Angeles County has reached the all-time high set in 2007, a milestone that follows five years of steady recovery but comes amid renewed concerns over housing affordability. Home prices rose nearly 6% in April from a year earlier, hitting the $550,000 level where the median plateaued in summer 2007 before a sharp decline that bottomed out in 2012.

….Orange County surpassed its pre-bust high last year, and in April set a new record of $675,000. San Diego County also exceeded its pre-bust peak for the first time last month, as the median price — the point at which half the homes sold for more and half for less — climbed 7.4% to $525,000.

Inflation has risen 20 percent since 2007, so this means home prices in Southern California haven’t really set a record. They’re still 20 percent away from that. Here’s how CoreLogic scores the current housing market compared to its bubble peak:

So things look OK. Loan delinquencies are low, credit scores have remained high, and national housing prices are high but not stratospheric.

And yet…Southern California, Arizona, and Florida are all overvalued. That’s three out of the four states that led the bubble in 2006. Even Texas, which avoided the last bubble, is looking high. And anecdotally, homes are selling pretty fast around here.

This is the kind of thing that makes me think we might be back into a recession by 2018. The expansion is nine years old, unemployment is about as low as it can get, housing prices are increasing at a good clip, auto sales are anemic, and corporate profits are rising steeply. On the other side of the ledger, economic growth and wage growth are pretty modest, and there are no signs of an oil price spike around the corner.

I dunno. Things just feel a little fragile right now. But maybe I’m off base.

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Housing Prices Are Booming in Southern California

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