Thursday Open Thread

“Half of the harm that is done in this world is due to people who want to feel important. They don’t mean to do harm. But the harm does not interest them.”

–T. S. Eliot

9 Community Comments, Facebook Comments

  1. Pseudonymous says:

    “But rather than connect to move us out of the clutches of poverty, we have instead been excluded from caucus discussions about policy creation in favor of bringing business and opposition groups to the table, disregarded as allies and relegated to afterthoughts.”

    Colorado AFL-CIO decides to stop donating to Colorado Democratic Party: Moratorium until May 2022 highlights a rare rift between the two

    • The realist says:

      Would love to know the inside story on this – but I'm guessing we won't.

    • kwtree says:

      The bill AFLCIO is mad about, 21-176, was in fact “postponed indefinitely” in the House Judiciary Committee. Thats’s after it passed the Senate’s 3rd reading on a party line vote. The HJC has 9 Democratic and 4 Republican members. 

      It seemed like a good bill to me- lowering the standard to prove workplace harassment- but it would have cost $4 million and potentially increased lawsuit payouts.

      None of that was a reason to kill the bill. I get why the AFLCIO is pissed about it. 

      • Diogenesdemar says:

        If that’s it, taken together with all they did receive from this last session, this strikes me as not unlike a child throwing a breath-holding tantrum because they didn’t get a yellow bow on one of their birthday party presents from their best friend? . . .

        . . . I think this one should maybe be filed under: Ttump-like behavior

  2. davebarnes says:

    Today is Rat Catcher's Day 

  3. JohnInDenver says:

    daily Kos politics roundup has

    CO-03: Democratic state Rep. Dylan Roberts had been considering a bid against Republican Rep. Lauren Boebert for Colorado's 3rd Congressional District but instead announced this week that he'd run for the state Senate seat held by fellow Democrat Kerry Donovan—who is term-limited and is already running for Boebert's seat herself.

  4. itlduso says:

    This Forbes article about the $80 Billion Employee Retention Credit (ERC) epitomizes the “trickle down” approach that is still dominant in Congress, regardless of which party is in control.  Briefly, the ERC offers a 70% tax credit up to $10,000 paid to each employee for every quarter in 2021.  The only qualification is the company needs to have a 20% reduction in revenues for two quarters in 2021 compared to the corresponding quarters in 2019.  A 20% reduction in revenue (that can be easily manipulated) occurs in almost every business even during normal business conditions.  The credit goes into the pockets of the business owners without any requirement to spend the money on workers.

    The Forbes article acknowledges that the credit isn’t even targeted for businesses that may go under when it states the credit is:

    “meant to help businesses and tax-exempt organizations keep the doors open and maintain jobs, or, even better, grow and expand (and create more jobs) during these tough economic times.”

    As noted, there is absolutely no requirement for a business to take these credits and hire more, or even maintain existing, employees.   It’s yet another giveaway to the Ownership Class. 

    I’m attending a Michael Bennet fundraiser tomorrow night and will be interested to hear what he has to say.  While his Child Tax Credit is to be commended, the Ownership Class is collecting hundreds of times more money from the back door.

    I pity the fool who doesn’t own an S Corp.

    https://www.forbes.com/sites/deanzerbe/2021/07/21/the-employee-retention-credit–small-and-medium-sized-businesses-and-tax-exempts-are-missing-out-on-billions/?ss=taxes&sh=5b00caa87f06

  5. kwtree says:

    Ed Perlmutter presided over a hearing on a public banking option today. 

    A public banking option would create some financial security and save money for millions of Americans who do not now have a bank account, and rely on check cashing services and the like. Many who are eligible for the child tax care credit do not have a bank account to deposit it in. The Post Offices would be a possible location for these services. 
     

    Alexandria Ocasio-Cortez testified in favor of a public banking option. 
     

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