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MississippiTate Reeves: Biden vaccine mandate an ‘attack on hardworking Americans’Mississippi has second-worst death rate in world, after PeruGovernor insists requiring shots for workers is tyranny Martin Pengelly@ More
OpinionUS taxationHouse Democrats are scared to tax billionaires – that’s a costly mistakeRobert ReichPolitical cowardice means those funding Joe Biden’s ambitious social policy plan want to leave the mega-rich unscathed Sun 19 Sep 2021 01.00 EDTLast modified on Sun 19 Sep 2021 05.30 EDTThis week, House Democrats released their proposed tax increases to fund Joe Biden’s $3.5tn social policy plan.‘Medium is the message’: AOC defends ‘tax the rich’ dress worn to Met GalaRead moreThe biggest surprise: they didn’t go after the huge accumulations of wealth at the top – representing the largest share of the economy in more than a century.You might have thought Democrats would be eager to tax America’s 660 billionaires whose fortunes have increased by $1.8bn since the start of the pandemic, an amount that could fund half of Biden’s plan and still leave the billionaires as rich as they were before the pandemic began.Elon Musk’s $138bn in pandemic gains, for example, could cover the cost of tuition for 5.5 million community college students and feed 29 million low-income public-school kids, while still leaving Musk $4bn richer than he was before Covid.But senior House Democrats decided to raise revenue the traditional way, taxing annual income rather than giant wealth. They aim to raise the highest income tax rate and apply a 3% surtax to incomes over $5m.The dirty little secret is the ultrarich don’t live off their paychecks.Jeff Bezos’s salary from Amazon was $81,840 last year, yet he rakes in some $149,353 every minute from the soaring value of his Amazon stocks, which is how he affords five mansions, including one in Washington DC which has 25 bathrooms.House Democrats won’t even close the gaping “stepped-up basis at death” loophole, which allows the heirs of the ultrarich to value their stocks, bonds, mansions and other assets at current market prices – avoiding capital gains taxes on the entire increase in value from when they were purchased.This loophole allows family dynasties to transfer ever larger amounts of wealth to future generations without it ever being taxed. Talk about an American aristocracy.Biden wanted to close this loophole but House Democrats balked.You might also have assumed Democrats would target America’s biggest corporations, awash in cash but paying a pittance in taxes. Thirty-nine of the S&P 500 or Fortune 500 paid no federal income tax at all from 2018 to 2020 while reporting a combined $122bn in profits to their shareholders.But remarkably, House Democrats have decided to set corporate tax rates below the level they were at when Barack Obama was in the White House. Democrats even kept scaled-back versions of infamous corporate loopholes such as private equity’s “carried interest”. And they retained special tax breaks for oil and gas companies.What’s going on? It’s not that Democrats lack the power. They’re in one of those rare trifectas when they hold the presidency and majorities, albeit small, in the House and Senate.It’s not the economics. Americans have been subject to decades of Republican “trickle-down” nonsense and know full well nothing trickles down. Billionaires hardly need to have their fortunes grow $100,000 a minute to be innovative. And as I’ve stressed, there’s more money at the top, relative to anywhere else, than at any time in the last century.Besides, Democrats need the revenue to finance their ambitious plan to invest in childcare, education, paid family leave, healthcare and the climate.So what’s holding them back?Put simply, Democrats are reluctant to tax the record-breaking wealth of the rich and big corporations because of … the wealth of the rich and big corporations.Many Democrats rely on that wealth to bankroll their campaigns. They also dread becoming targets of well-financed ad campaigns accusing them of voting for “job-killing” taxes.Republicans sold their souls to the moneyed interests long ago, but the timidity of House Democrats shows just how loudly big money speaks these days even in the party of Franklin D Roosevelt.US’s wealthiest 1% are failing to pay $160bn a year in taxes, report findsRead moreThat’s because there’s far less of it on the other side. Through the first half of 2021, business groups and corporations spent nearly $1.5bn on lobbying, compared to roughly $22m spent by labor unions and $81m by public interest groups, according to OpenSecrets.org.Progressive House Democrats will still have a say. Senate Democrats haven’t weighed in. But there’s reason for concern.The looming debate over taxes is really a debate over the allocation of wealth and power. As that allocation becomes ever more grotesquely imbalanced, this debate will loom ever larger over American politics.Behind it will be this simple but important question: Which party represents average working people and which shills for the rich? Democrats, take note.
Robert Reich, a former US secretary of labor, is professor of public policy at the University of California at Berkeley and the author of Saving Capitalism: For the Many, Not the Few and The Common Good. His new book, The System: Who Rigged It, How We Fix It, is out now. He is a Guardian US columnist. His newsletter is at robertreich.substack.com
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US politics Sean Spicer claims press treats Jen Psaki better: ‘I walked into the lion’s den’Trump’s former press secretary makes remark to New York Times, saying Psaki ‘walks into a bunch of kittens’01:07Martin Pengelly in New York@ More
BooksPeril review: Bob Woodward Trump trilogy ends on note of dire warning Behind the headlines about Gen Milley, China and the threat of nuclear war lies a sobering read about democracy in dangerLloyd GreenSat 18 Sep 2021 01.00 EDTLast modified on Sat 18 Sep 2021 01.02 EDTDonald Trump is out of a job but far from gone and forgotten. The 45th president stokes the lie of a rigged election while his rallies pack more wallop than a Sunday sermon and a bottle of Jack Daniel’s.Melania Trump like Marie Antoinette, says former aide in hotly awaited bookRead more“We won the election twice!” Trump shouts. His base has come to believe. They see themselves in him and are ready to die for him – literally. Covid vaccines? Let the liberals take them.Deep red Mississippi leads in Covid deaths per capita. Florida’s death toll has risen above 50,000. This week alone, the Sunshine State lost more than 2,500. Then again, a century and a half ago, about 258,000 men died for the Confederacy rather than end slavery. “Freedom?” Whatever.One thing is certain: against this carnage-filled backdrop Bob Woodward’s latest book is aptly titled indeed.Written with Robert Costa, another Washington Post reporter, Peril caps a Trump trilogy by one half of the team that took down Richard Nixon. As was the case with Fear and Rage, Peril is meticulously researched. Quotes fly off the page. The prose, however, stays dry.This is a curated narrative of events and people but it comes with a point of view. The authors recall Trump’s admission that “real power [is] fear”, and that he evokes “rage”.Peril quotes Brad Parscale, a discarded campaign manager, about Trump’s return to the stage after his ejection from the White House.“I don’t think he sees it as a comeback,” Parscale says. “He sees it as vengeance.”Parscale knows of whom and what he speaks. His words are chilling and sobering both.The pages of Peril are replete with the voices of Gen Mark Milley, chairman of the Joint Chiefs of Staff, and Bill Barr, Trump’s second attorney general. Each seeks to salvage a tarnished reputation, Milley’s somewhat, Barr’s badly.In June 2020, wearing combat fatigues, Milley marched with Trump across Lafayette Square, a historic space outside the White House which had been forcibly cleared of anti-racism protesters so the president could stage a photo op at a church. The general regrets the episode. Others, less so.In an earlier Trump book, I Alone Can Fix It, Carol Leonnig and Phil Rucker, also of the Post, captured Milley telling aides just days before the attack on the Capitol on 6 January, “This is a Reichstag moment.” This week, in the aftermath of reports based on Peril of Milley’s contacts with China in the waning days of the Trump administration, seeking to reassure an uncertain adversary, Joe Biden came to the general’s defense.As for Barr, for 20 months he bent the justice department to the president’s will. Fortunately, he refused in the end to break it. Overturning the election was a far greater ask than pouring dirt over the special counsel’s report on Trump and Russia or running interference for Paul Manafort, Trump’s convicted-then-pardoned campaign manager. Barr, it seems, wants back into the establishment – having smashed his fist in its eye.Woodward and Costa recount Barr’s Senate confirmation hearing, in which he promised to allow Robert Mueller to complete the Russia investigation, Trump’s enraged reaction and an intervention by his wife, Melania. According to the author, Barr may have owed his job to her.Emmett Flood, then counsel to Trump, conveyed to Barr his mood.“The president’s going crazy,” he said. “You said nice things about Bob Mueller.”Melania was having none of it, reportedly scolding her husband: “Are you crazy?”In a vintagely Trumpian moment, she also said Barr was “right out of central casting”.In another intriguing bit of pure political dish, Mitch McConnell is seen in the Senate cloakroom, joking at Trump’s expense.“Do you know why [former secretary of state Rex] Tillerson was able to say he didn’t call the president a ‘moron’?” the Senate Republican leader asks.“Because he called him a ‘fucking moron’.”By contrast, McConnell has kind words for Biden – a man he is dedicated to rendering a one-term president. America’s cold civil war goes on. Some, sometimes, still send messages across no man’s land.Woodward and Costa show Kellyanne Conway, Trump’s 2016 campaign manager, the goddess of alternative facts, reminding Trump that he turned voters off in his second election. In 2020, Trump underperformed among white voters without a college degree and ran behind congressional Republicans.“Get back to basics,” Conway tells him. Stop with the grievances and obsessing over the election. From the looks of things, Trump has discounted her advice. Conway has a book of her own due out in 2022. Score-settling awaits.Ending somewhere near the political present, Woodward and Costa shed light on the withdrawal from Afghanistan and Senator Lindsey Graham with it.In office, Trump affixed his signature to a document titled “Memorandum for the Acting Secretary of Defense: Withdrawal from Somalia and Afghanistan”. It declared: “I hereby direct you to withdraw all US forces from the Federal Republic of Somalia no later than 31 December 2020 and from the Islamic Republican of Afghanistan no later than 15 January 2021.”Steve Bannon prepped Jeffrey Epstein for CBS interview, Michael Wolff claimsRead moreApparatchiks were baffled as to where the memo had come from. Then they blocked it. Trump folded when confronted.As for Graham, the South Carolina Republican and presidential golfing buddy expresses “hate” for both Trump and Biden over Afghanistan.Graham and Biden were friends once. As Graham has repeatedly trashed Hunter Biden, expect the fissure between him and the new president to prove to be long lasting. As for Graham and Trump, it’s a question of who needs whom more at any given moment. With John McCain gone, it’s a good bet Graham will latch on to an alpha dog again.Fittingly, in their closing sentence, Woodward and Costa ponder the fate of the American experiment itself.“Could Trump work his will again? Were there any limits to what he and his supporters might do to put him back in power?“Peril remains.”TopicsBooksBob WoodwardPolitics booksUS politicsRepublicansDemocratsUS CongressreviewsReuse this content More
OpinionUS politicsGeneral Milley cannot undermine civilian authority. The US is not a military juntaL More
The Republican senator Jim Risch pressed the secretary of state, Antony Blinken, over rumours someone in the White House has the ability to cut off the president’s microphone when he speaks. While Blinken chuckled throughout the questioning, Risch continued to press his claims after an earlier video from the White House featuring Biden cut off during a briefing. ‘It’s been widely reported that somebody has the ability to push the button and cut off his sound and stop him from speaking,’ Risch said.
Blinken replied: ‘Anyone who knows the president, including members of this committee, knows that he speaks very clearly and very deliberately for himself’
Mic drop: Republican senator’s claim of button to silence Biden draws chuckles More
