News That Matters Good Wednesday Morning, In yesterdays' column I ran a link to a NYJN story about Cimarron Ranch and Alex Kaspar's day in court. If you clicked through to read that story you'd see a link on the word "environment" in the paragraph:
Last night the Assembly passed a version of Sandy Galef's circuit breaker bill 118-24. Both reps from Putnam County voted in favor. Let's hope it lays the foundation for further discussion on the Cahill model which will resolve the problem of back-breaking property taxes and equitable education funding in New York state.
The Drum Major Institute for Public Policy has released a poll called, "Middle Class Households and Fearful Families". It shows a serous disconnect between what the American people want and what Congress is doing... no surprise there. For example, 57% of Republicans and 91% of Democrats polled think that we should have a national health care plan. Also, 55% of Republicans and 71% of Democrats believe that bankruptcy judges should be able to change mortgage payments to prevent foreclosure. In the meantime, Congress just makes it easier for banks to foreclose on you. In the meantime, fully a fifth of the lower middle classes are running short on funds month-to-month and Congress intends to extend tax cuts for the richest 1% of Americans which those lower middle class people are paying for.
I attended the CRCM Candidates Forum last evening where reps for the County Legislature (District 8) and the 99th Assembly District were in attendance. Assemblyman Ball called earlier in the day to say he would not be able to attend, being in special session of the Assembly until very late last night.
If you can't get enough of Greg Ball and John Degnan or you've missed the show last night, there's a Greg Ball/John Degnan debate this Friday, August 22, at 7PM at Lathrop Hall in Lakeside Park in Pawling. The Journal News reported this little gem yesterday: The “Tax Cap Express,” carrying Assemblyman Greg Ball, R-Patterson, and Republican Assembly candidates from the Hudson Valley, arrived in Albany about 10:20 a.m. today. About two dozen people got off the bus and began to walk into the Capitol’s East Park. A few minutes later, many of them walked back and boarded the bus again. It turns out that News 12 staffers had been sitting in their van and hadn’t gotten the primo shot of everyone disembarking.The right wing blogs are upset these days with the prospects that democracy in Iraq might have taken hold. The Iraqi government is moving forward with a decade-old contract with the Russians to build a $10-12 Billion power station. The bloggers feel that the US should have this contract (and I'll assume all others) since we "liberated" them from Saddam Hussein and somehow they owe us. On the other hand, they've just placed an order with US Arms Merchants for billions of dollars. Aren't those people ever satisfied? And now the news:
From: Albany Watch State Passes Spending CutsThe state Assembly worked until nearly 2 a.m. this morning to pass bills that will cut state spending by 6 percent. Lawmakers didn’t want to delay the vote until later today because many had campaign events to get back to tonight.The state Senate, though, broke at around 10:30 p.m. last night and is scheduled to return to session at 10 a.m. to finish the bills. The leaders and Gov. Paterson are expected to address the media sometime this morning. Paterson is declaring the special session a victory, saying he got most of the $600 million in cuts he asked for. The legislature agreed to about $400 million in cuts. And that may embolden Paterson. Here is a list of agreed-upon $411 million in cuts expected to be approved by the Legislature: —6 percent cut in aid to local agencies and organizations: $100 million;—6 percent cut on spending added by the Legislature: $9 million;—50 percent cut in spending added by the governor: $20 million;—7 percent reduction in spending on the City University of New York: $51 million;—Cut in legislative “pork barrel’’ spending: $40 million—Savings from a delay in building a statewide wireless network: $40 million;—Reductions in payments to hospitals, nursing homes and other medical purposes: $141.1 million. Read Original Corporations Use $20 Billion Legal Tax LoopholeExperts Say Transfer Pricing, Which Is Perfectly Legal, Costs the Treasury Over $20 Billion a YearBy MICHELLE DUBERT August 18, 2009 As the economy threatens to fall into a recession and an increasing number of Americans are struggling to make ends meet, many corporations are drastically reducing their tax liability to the federal government through a perfectly legal practice known as transfer pricing, costing the Treasury more than $20 billion a year. "Large corporations don't hide income, but they might engage in very sophisticated transactions that reduce their tax liability in ways that aren't appropriate," said Eric Toder, a senior fellow at the Urban Institute who focuses on taxes and retirement. One such loophole that corporations are likely exploiting, says Toder, is transfer pricing, or prices charged for items or services within groups of the same company. Multinational companies commonly sell assets to overseas subsidiaries in low-tax countries to reduce taxable profits in the United States and increase them in the countries with lower tax rates. For tax purposes, these groups are all treated as separate companies. "If a U.S. firm is purchasing a product from their foreign subsidiary, then they've moved potential U.S. profit to their offshore subsidiary," said Mike Brostek of the Government Accountability Office. Read More Sam's Club to Start Offering Solar PanelsBig Box Giant Tests Renewable Energy ProgramThose bastions of modern consumerism, big box retailers, continue their gradual march toward green, as the latest announcement from Sam's Club points out. The colossal company already offers solar pool heaters on its website, and Sam's Club is now poised to market solar panels at nine Southern California Clubs: Corona, Murrieta, Glendora, Ontario, La Habra, Chino, Long Beach, Fountain Valley and Torrance. As Environmental Leader points out, at these locations so-called Home Efficiency Centers have been created to showcase green products and appliances. Consumers can expect to see kiosks in participating stores that tout the benefits of solar energy. The company is working with Borrego Solar Systems and BP Solar, and buyers can expect to save in the neighborhood of $500. Sam's Club is also ramping up offerings of Energy Star appliances, low-flow fixtures, CFLs, LEDs and other green building products. Read More Bloomberg Offers Windmill PlanBy MICHAEL BARBAROPublished: August 19, 2008 In a plan that would drastically remake New York City’s skyline and shores, Mayor Michael R. Bloomberg is seeking to put wind turbines on the city’s bridges and skyscrapers and in its waters as part of a wide-ranging push to develop renewable energy. The plan, while still in its early stages, appears to be the boldest environmental proposal to date from the mayor, who has made energy efficiency a cornerstone of his administration. Mr. Bloomberg said he would ask private companies and investors to study how windmills can be built across the city, with the aim of weaning it off the nation’s overtaxed power grid, which has produced several crippling blackouts in New York over the last decade. Mr. Bloomberg did not specify which skyscrapers and bridges would be candidates for windmills, and city officials would need to work with property owners to identify the buildings that would best be able to hold the equipment. But aides said that for offshore locations, the city was eyeing the generally windy coast off Queens, Brooklyn and Long Island for turbines that could generate 10 percent of the city’s electricity needs within 10 years. “When it comes to producing clean power, we’re determined to make New York the No. 1 city in the nation,” Mr. Bloomberg said as he outlined his plans in a speech last night in Las Vegas, where a major conference on alternative energy is under way. Read More Northwest bans ad from airportBy: Jason Hoppin - St. Paul Pioneer PressAugust 19, 2008 12:09 PM EST An advocacy group seeking to curtail the proliferation of nuclear weapons is crying foul after an ad aimed at presumptive GOP nominee John McCain was ordered removed from Minneapolis-St. Paul International Airport. The group, the Union of Concerned Scientists, took out ads in the Denver and Twin Cities airports aimed at both presidential candidates. The MSP ad shows an overhead photograph of downtown Minneapolis and says, "When only one nuclear bomb could destroy a city like Minneapolis ... We don't need 6,000." But Northwest Airlines officials have ordered the ad removed. "This is a private airline acting as a political censor," said Elliott Negin, media director for the Union of Concerned Scientists. Read More Scientists: FBI destroyed Ivins' matching anthrax sampleOriginally published August 19, 2008By Justin M. Palk News-Post Staff WASHINGTON — Contrary to initial reports, Bruce Ivins did give investigators a sample of the anthrax the FBI has identified as the same type used in the attacks, but they destroyed it because it didn't meet their standards for evidence. FBI scientists released that information Monday in a briefing at FBI headquarters, where researchers who assisted in the investigation discussed the scientific process they used to track the anthrax used in the 2001 mailings back to Fort Detrick and Ivins. Two weeks ago, the Justice Department named Ivins as its sole suspect in the mailings, which killed five people and left 17 others hospitalized. Ivins' attorney has maintained Ivin's innocence. The noted scientist committed suicide on July 29, just before media reports revealed investigators were preparing to indict him for the mailings. Read More New York City agrees to pay protesters $2 millionWed Aug 20, 2008 12:53am EDTNEW YORK (Reuters) - New York City has agreed to pay a $2 million settlement to protesters arrested during a 2003 rally against the Iraq war who said their civil rights had been violated, lawyers for both sides said on Tuesday. The 52 plaintiffs in the lawsuit were among 94 protesters arrested on April 7, 2003, during a demonstration at the midtown Manhattan offices of the Carlyle Group, a private equity firm with holdings in the defense sector. "The New York Police Department violated core constitutional rights when it arrested a group of peaceful demonstrators who were lawfully protesting against the commencement of the Iraq war and those who stood to profit from it," said Sarah Netburn, a lawyer for the protesters. In a statement, a lawyer for New York City confirmed the size of the settlement. Read More Group says drinking age law isn't workingMIDDLEBURY, Vt., Aug. 19 (UPI) -- A group of more than 100 U.S. college and university presidents say the drinking age of 21 years isn't working and has led to a culture of binge drinking.Twenty-four years after the National Minimum Drinking Age Act that tied federal highway funds to the drinking age of 21 was enacted, the group found the legal drinking age "is not working" and a "culture of dangerous, clandestine 'binge-drinking' -- often conducted off-campus -- has developed," the Amethyst Initiative said in a news release. The Amethyst Initiative, based in Middlebury, Vt., is made up of chancellors and presidents of from post-secondary institutions who signed a statement calling for the issue to be revisited. "Adults under 21 are deemed capable of voting, signing contracts, serving on juries and enlisting in the military, but are told they are not mature enough to have a beer," the statement said. "By choosing to use fake IDs, students make ethical compromises that erode respect for the law." Amethyst Initiative signatories also call on elected officials to weigh the consequences of tying federal highway dollars to alcohol policies and invited officials to consider "new ideas on how best to prepare young adults to make responsible decisions about alcohol use." Read Original |
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