ECONOMY
Saying One Thing, Doing Another
On Wednesday, the Tax Policy Center released a report
finding large
disparities between Sen. John McCain's (R-AZ) public
economic
proposals and his advisers' private
assurances. After
comparing McCain's public economic policies
with
the "measured options outlined by his campaign," the center concluded
that McCain's public proposals "would
cost an additional $2.8
trillion over ten
years" above what the campaign's
stated policies would cost. Responding to the report, Douglas
Holtz-Eakin, McCain's
senior economic
adviser, argued that the proposals McCain makes in town halls do
not
constitute
official policy. But the
differences between McCain's rhetoric and
his policies are stark. While McCain's
advisers suggest that the senator
would "patch" the alternative minimum tax (AMT),
McCain promises to completely repeal
it. While McCain publicly
advertises a broad
expansion "of
expensing investments," his economic consultants privately assure
budget analysts that the senator would allow
expensing for "only
to three-and five-year equipment and only
on a
temporary basis." Overall,
McCain's public economic
pronouncements suggest that a McCain administration would
provide even larger tax cuts for
the richest
Americans,
increase the national debt, and reduce
access to
health insurance. McCain
"is making diametrically
opposed policy promises to
different audiences at the same time,"
Robert Gordon and James Kvaal of the Center for American Progress
observed recently.
MORE
TAX CUTS FOR THE RICH: In a
recent interview with Forbes, Holtz-Eakin conceded that the senator's
tax plan is a pro-business proposal that is "pretty
much a
non-event
on
the personal side," saying
it is "a package for American
companies to manufacture and Americans to sell globally." Indeed, the
Tax Policy Center concludes that McCain's plan gives
"virtually
no"
or "very
modest benefits" to the bottom
80 percent of taxpayers. While "some lower-income taxpayers benefit
from the
large cuts in corporate income," most of the benefit will "go
to those
at the top." On top of that,
McCain's public pronouncements would offer an average tax
cut that is "almost double
the $1,230 tax cut under the
economic
advisers' version."Moreover, by "repealing rather than simply reducing
the
AMT" and allowing Americans to
file taxes in an alternative system, McCain's plan allows
"those
in the top
tax brackets" to "benefit
most." Thus, the richest 0.1 percent
of Americans earn "twice
the tax cut that they would get
under the more modest plan outlined by Senator McCain's
economic advisers," the center states.
INCREASE THE NATIONAL DEBT: Since
McCain's public promises costs an additional $2.8 trillion, his
policies
"would
add enormously to the public debt"
and force a McCain administration to undertake "a
radical and unprecedented downsizing of government"
to balance
the budget by 2013. McCain's
public promise to repeal the
AMT would "reduce
revenues by about $390 billion." His pledge to allow
expensing of "all machinery and equipment investments would
cost
about
$740 billion more than the temporary and limited proposal" advocated by
his advisers, and his proposed alternative tax system would "reduce
tax
revenues by almost $1.2
trillion over ten years."
MORE
AMERICANS UNINSURED: While
it's unclear
if McCain's health care plan -- which taxes
workers'
health benefits and creates new health insurance tax credits -- would
expose
health benefits to both
income and payroll taxes or just
to income
taxes, experts agree that McCain's radical health care prescription
would either result in a tax
increase for millions of
middle-class
families or "blow
a hole" in the national budget.
The Tax Policy Center
analysis concludes that McCain's health care proposal would
cost $1.3
trillion over 10 years
and eventually force every
household
to pay
higher taxes on their health insurance. McCain's plan would undermine
employer-based coverage and
leave 55
million Americans without any
kind
of health insurance. According to the report, by 2013, 16
million
Americans would lose the health
benefits they get from employers.

ENVIRONMENT
-- BECK,
BOENHER CALL ARCTIC REFUGE A 'WASTELAND,' CLAIM WILDLIFE IS UNEFFECTED
BY DRILLING: On Glenn
Beck's CNN program Wednesday, House Minority Leader
John Boehner (R-OH) falsely
claimed that
wildlife in Alaska are not
affected by oil operations there.
Animals "couldn't care less whether...the pipeline was there, or the
oil company was there," he said. Glenn Beck similarly argued that
wildlife can't tell if the Trans-Alaska oil pipeline is a "tree or a
pipeline," and said that the northern reaches of the Arctic National
Wildlife Refuge -- where Boehner hopes to drill -- are a "barren
wasteland." Far from "not caring" about the presence of oil operations
at the 800-square mile Prudhoe Bay facility, native species are
dramatically affected by drilling. Scientific surveys have shown that
the Central
Arctic caribou
herd has been "crowded out" due to drilling,
reducing their use of the area near the Prudhoe Bay oil fields by 78
percent.
In addition, the northern reaches of the Refuge are not a "barren
wasteland." According to the U.S. Fish and Wildlife Service, the
Refuge's northern edge is home to "a greater
degree of
ecological diversity
than any other similar sized area of Alaska's north slope."
ETHICS
-- HOUSE LEADERS APPOINT
CONTROVERSIAL GOSS TO ETHICS PANEL: Yesterday,
House leaders announced
the names of four former lawmakers who will serve
on a new independent panel
that reviews ethics complaints against members. The panel's co-chair
will be Porter Goss, a former representative who served as
President
Bush's CIA director before
abruptly resigning
in May of 2006. Goss is a controversial choice for the position. As
Chairman of the House Intelligence Committee, Goss
opposed investigating
the leaking of CIA agent Valerie Plame's idenity. It is also suspected
that Goss was connected to defense contractor Brent Wilkes, who was sentenced
to 12 years in prison for
bribing Duke Cunningham. Goss apparently attended
some of the "bacchanals" Wilkes
was fond of throwing. Goss was also
director of the CIA in 2004 when the agency destroyed
at least two videotapes
documenting harsh interrogations of
detainees, though apparently without
Goss's knowledge.
Goss's appointment to the ethics panel "surprised even some Republican
members of Congress," the Hill reports. "Several shook their heads in
disbelief when told he was named to the board."
ADMINISTRATION -- EPA
INVESTIGATOR
SAYS VOLUNTARY TARGETS
'UNLIKELY' TO REDUCE GREENHOUSE GASES: In
April, President Bush
called for a "voluntary
target" of "halting the growth
of U.S. greenhouse gas emissions by
2025." But a report released
yesterday by the Inspector General of the Environmental Protection
Agency (EPA) said that
such voluntary pollution-reduction programs have
"limited
potential" to reduce greenhouse
gases (GHG). The report said that it is
"unlikely"
that voluntary programs would reduce more than 19
percent
of greenhouse gas emissions that are projected for various
industries
in 2010. "If EPA wishes to reduce GHG emissions beyond this point, it
needs to consider additional
policy options," the report
concluded. The Bush administration
argues for
voluntary
programs to reduce carbon intensity, but according to the EPA,
"persuading companies to spend
money on optional activities 'presents
a
significant challenge to using
voluntary programs as the current
solution
to reducing greenhouse gases.'" "We will not solve
the global warming problem without an across-the-board
mandatory program that every
polluting company has to participate
in,"
said David Doniger, director of the Natural Resources Defense Council's
Climate
Center.
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"A petition to send
former White House deputy chief of state
Karl Rove to jail over
refusing a subpoena to testify before
a House committee has gained over 100,000
signatures," according to Robert
Greenwald's Brave New Films and
online activists.
The EPA's Inspector General's
Office has said that "voluntary
pollution-reduction programs touted by the Bush administration as part
of the solution to global warming have
'limited potential' to
reduce greenhouse gases."
The "industry’s unwillingness
to participate and unreliable data that casts
doubt on claimed reductions are
hindering efforts to control some
of the most potent greenhouse gases."
"House Speaker Nancy Pelosi
(D-CA) and Minority Leader John Boehner
(R-OH) on Thursday announced joint appointments to a landmark
ethics review board" that
will allow private citizens to
review allegations against members. The co-chairman will be former CIA
director Porter Goss, who
"opposed launching an investigation into
the Valerie Plame CIA leak case."
"The
American public is not buying the arguments of
President Bush and the oil
industry that new drilling will
lower gas prices," with 63 percent saying increased drilling is "more
likely to enrich oil companies
than to lower gas prices."
Rep.
George Miller (D-CA) pledged today to introduce
legislation that would "block
an eleventh-hour effort by the
Labor Department to make it more
difficult to limit
workers’ exposure to chemicals on the job." Miller said he
was
determined to stop the "secret rule" that has been described as "a
parting gift" to industry from
the Bush administration.
"Home
foreclosure filings rose 14 percent in the second
quarter,
the eighth consecutive quarterly climb, and more than doubled from the
same period a year-earlier, real estate data firm RealtyTrac said on
Friday." Home
foreclosures were up 121 percent
from a year earlier "amid the
worst U.S. housing market downturn since the Great Depression."
The U.S. Embassy in Iraq announced
yesterday "that it had expanded
tenfold its program to help
Iraqi employees of the American
government here" to obtain visas
and ultimately American
citizenship. However, critics noted that the U.S. "had promised several
times that it
would try to speed up the process,
and that it had not come
through."
And finally: Ted
Stevens sticks by his "series of tubes."
In 2006, Sen. Ted Stevens (R-AK) was widely
mocked after he described the
internet as "a
series of tubes" that "can be
filled." Asked this week if he stuck
by that description, Stevens said, "I
do," before adding that he's
"still not sure about the difference
between tubes and pipes."
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"The House voted Thursday to triple financing to fight
AIDS, malaria and tuberculosis
around the world, giving new life
and new punch to a program credited with saving or prolonging millions
of lives in Africa alone."

CALIFORNIA: State workers backlash after Gov. Arnold Schwarzenegger (R) threatens to cut salaries to minimum wage levels.
LOUISIANA: Recent oil tanker spill is the worst in the area in nearly a decade.
HEALTH CARE: "States continue to have 'many major gaps' in their readiness for an influenza pandemic, the Government Accountability Office reported this week."

THINK PROGRESS: Fox News's Bill O'Reilly claims "MoveOn is the new Klan" and its supporters are "Koolaid drinking, zombie followers."
WONK ROOM: Teamsters join fight for good jobs, clean air, clean future.
YEAS & NAYS: Grover Norquist claims the time is right to "re-start the conversation about getting Reagan on the $10 bill."
TALKING POINTS MEMO: Disgraced former General Services Administration head Lurita Doan returns as a commentator for Federal News Radio.

[The
Arctic National Wildlife
Refuge] looks even more like Prudhoe Bay; a snowy, barren wasteland."
-- CNN's Glenn Beck, 7/23/08
VERSUS
"[Parts of the refuge contain] a greater degree of ecological diversity
than any other similar sized area of Alaska's north slope."
-- U.S. Fish
and
Wildlife Service
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