GOP Tax Plan Costs $36.6 Bil More Than Dems’ – Swing Voters, You’ve Been Had

Here’s more proof that this “new” crop of Republican leaders in Washington — Boehner, Cantor, McConnell, DeMint and the rest — are the same Bush rubberstampers whose stealthy war on the middle class in the 2000s transferred more of the nation’s wealth up from the nation’s entrepreneurial class to the GOP’s corporate sponsors and their friends, the idle rich, and whose policies caused the economy to crash in September 2008, barely a month before they were turned out of Congress by the voters.

Households earning more than $1 million a year would reap nearly $31 billion in tax breaks under the GOP plan in 2011.

This year they managed to fool swing voters into believing they have changed — that they are against deficits, against spending, against big government — but as this chart clearly shows, their hidden agenda has not changed:

A Republican plan to extend tax cuts for the rich would add more than $36 billion to the federal deficit next year — and transfer the bulk of that cash into the pockets of the nation’s millionaires, according to a congressional analysis released Wednesday.

New data from the nonpartisan Joint Committee on Taxation show that households earning more than $1 million a year would reap nearly $31 billion in tax breaks under the GOP plan in 2011, for an average tax cut per household of about $100,000.

Here’s a chart so simple that even a tea bagger can understand it, followed by an explainer segment on the chart from MSNBC’s Rachel Maddow Show:

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FDP Chair Karen Thurman Finally Wants to Spend More Time with Her Family

We’d like to be more gracious about this, but then again, we would have liked for Alex Sink, Alan Grayson, Ron Klein, Deborah Gianoulis, and so many others not to have lost. But things being what they are, let me just say, “Praise Jebus! Florida Democratic Party Chair Karen Thurman is stepping down!”

After many months of reflection and discussion with my family, our staff, and many of you, I have decided to retire as Chair of the Florida Democratic Party. In the coming months I look forward to not only spending more time with my husband, John, my children, and grandchildren, but also continuing to serve the Florida Democratic Party. I have pledged to do everything in my power to help ensure that the Chair we elect in the near future has a seamless transition and is ready to succeed in the role.

Don’t worry Karen, things will be fine without you. Please feel free to spend all your time with your family. You’ve done enough for Florida Democrats.

Vote, Even If It’s for Moderates. Hell, Especially If It’s for Moderates!

Here’s a great video produced by Progress Florida, but worth watching even if you live elsewhere. Remember folks, they are turning out the base this election. As Democrats and progressives, we can’t prove that the only way to get us to vote is to also appeal to our most extreme views. If you’re not enthusiastic about supporting moderate or even conservative Democrats, then you can’t complain when Republicans and tea baggers continue to trot out their most extreme candidates, the ones least likely to get anything helpful done in Washington or state capitals. Now go vote.

Will Florida’s Three-Way Senate Race Revert to a Two-Way?

Florida3
From left, the very tall Meek, the shorter Crist, and the really short Rubio

Rumors are flying in Florida after this week’s debate among the three candidates for the U.S. Senate. One scenario, put forth by the Wall St. Journal, says Democrats might be pressuring U.S. Rep. Kendrick Meek (D-Fla.) to drop out of the race, leaving only Gov. Charlie Crist and former state House Speaker Marco Rubio to duke it out.

Should Meek give his concession speech now, or wait until after the election?

With Meek’s poll numbers showing no bump after the debate, and with groups like the Florida Sierra Club offering dual endorsements of both him and Crist, Meek really has two choices: quit and lose now, or stay in and lose later.

The candidate himself, though, seems still in fighting mode. After the Sierra Club’s odd move, Meek upped the oddness quotient by refusing the endorsement. He also made it clear he’s tired of people forgetting that Charlie Crist is neither a Democrat nor a true environmentalist.

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New Crist Endorsement Flummoxes Florida Democrats

An endorsement from the “Fire Breathing Liberal” himself has upped the hang-wringing quotient among Florida Democrats who buy into the false premise that they must defeat Gov. Charlie Crist in the U.S. Senate race.

Former U.S. Rep. Robert Wexler (D-South Florida) came out in support of Crist over the weekend.

“There is a special time in which elected officials have to put country before party, and this is one of those times,” the seven-term congressman told a crowd of his former constituents at Century Village west of Boca Raton. “I am here to endorse Gov. Charlie Crist because he has earned it. He has truly earned it.”

Almost every traditional shorthand measure for this election fails us

How Crist “earned it” is anyone’s guess, although he has shown signs of being a vertebrate with election-year vetoes of egregious legislation passed by Florida’s Republican-majority lawmakers. Still, Democrats expected Wexler to endorse U.S. Rep. Kendrick Meek, whose tagline since Crist went no party affiliation (NPA) is that he is a “lifelong Democrat.”

The often overlooked detail in the three-way race between the newly NPA Crist, the Democrat Meek, and the Tea Party Republican Marco Rubio is that all that has to happen for Rubio not to be the next U.S. Senator from Florida is for him to capture less than 33 percent of the vote. So Democrats can vote for Crist or Meek, just so long as they don’t vote for Rubio.

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Verbatim

As president, I have said we’re going to reverse it. I got the chairman of the Joint Chiefs of Staff and I got the secretary of defense to say that we’re going to reverse it. Think about what happened in Congress two days ago where you got 56 Democrats voting to debate this issue and zero Republicans. And as a consequence, some of those signs should be going up at the other folks’ events. And folks should be hollering at the other folks’ events because the choice in November could not be clearer.

— Pres. Obama, answering protesters who want to overturn the Clinton-era Don’t Ask Don’t Tell policy for gays serving in the military.

GOP Fails to Stop Obama’s Small-Business Credit-Relief Bill in Senate

Huffington Post:

In a win for President Barack Obama and his political allies, Senate Democrats on Tuesday won a crucial vote to clear the way for a bill to create a $30 billion government fund to help open up lending for credit-starved small businesses.

Democrats cracked a GOP filibuster of the bill with the help of two Republicans: Sens. George Voinovich of Ohio and George LeMieux of Florida.

The 61-37 tally sets the stage for a final vote later this week to return the measure to the House, which is likely to approve it for Obama’s signature.

The bill is probably the last piece of Democrats’ ambitious jobs agenda that would become law before midterm elections, which will determine whether Democrats keep their majorities in the House and Senate…

The new fund would be available to community banks with less than $10 billion in assets to encourage lending to small businesses. The bill would combine the fund with about $12 billion in tax breaks aimed at both large and small businesses over the coming decade.

Democrats say banks should be able to use the lending fund to leverage up to $300 billion in loans, helping to loosen tight credit markets.

The bill is paid for by adding a new option that allows individuals to convert 401(k)s into Roth accounts in which taxes are paid up front and then the money is released tax-free upon retirement.

Bush Proved Tax Cuts Don’t Lead to Job Growth

1.9 million

Net number of jobs created under Pres. George W. Bush after his tax cuts were enacted in 2001, according to the Wall St. Journal. Bush created the least jobs of any president since Hoover during the Great Depression. Pres. Bill Clinton created 22.4 million jobs, and left Bush with a $236 billion budget surplus. Historically, the economy tends to grow under Democrats, who traditionally do not cut taxes, and shrink under Republicans, who almost always do.