BeckyDem
BeckyDem's JournalA Good Man: Sherrod Brown @SenSherrodBrown The pressure on family budgets is only going to get worse
https://twitter.com/SenSherrodBrown/status/1239611848548384771Let's make this happen.
Coronavirus Capitalism -- and How to Beat It
Naomi Klein
March 16 2020, 3:25 p.m.
I’ve spent two decades studying the transformations that take place under the cover of disaster. I’ve learned that one thing we can count on is this: During moments of cataclysmic change, the previously unthinkable suddenly becomes reality. In recent decades, that change has mainly been for the worst — but this has not always been the case. And it need not continue to be in the future.
This video is about the ways the still-unfolding Covid-19 crisis is already remaking our sense of the possible. The Trump administration and other governments around the world are busily exploiting the crisis to push for no-strings-attached corporate bailouts and regulatory rollbacks. Treasury Secretary Steven Mnuchin is moving to repeal financial regulations that were introduced after the last major financial meltdown, as part of the 2010 Dodd-Frank Act. China, for its part, is indicating that it will relax environmental standards to stimulate its economy, which would wipe out the one major benefit the crisis has produced so far: a marked drop in that country’s lethal air pollution.
But this is not the whole story. In the United States, we have also seen organizing at the city and state levels win important victories to suspend evictions during the pandemic. Ireland has announced six weeks of emergency unemployment payments for all workers who suddenly find themselves out of work, including self-employed workers. And despite U.S. presidential candidate Joe Biden’s claims during the recent debate that the pandemic has nothing to do with Medicare for All, many Americans are suddenly realizing that the absence of a functioning safety net exacerbates vulnerabilities to the virus on many fronts.
https://theintercept.com/2020/03/16/coronavirus-capitalism/
Rev. Dr. William J. Barber II @RevDrBarber: The threat to rural hospitals is very real & has been
https://twitter.com/RevDrBarber/status/1239613212229808129Medicare for All 2020
Physicians/National Health Program @PNHP:Dr. Jim Cowan: "What is different, at age 65, in the U.S.
https://twitter.com/PNHP/status/1239619932972875777MEDICARE FOR ALL 2020
Robert Reich @RBReich The corinavirus bill doesn't apply to big corporations like McDonalds,
https://twitter.com/RBReich/status/1238988772101902336Rachel @RachelAbrams:NEWT GINGRICH:I Am in Italy Amid the Coronavirus Crisis. America Must Act NOW
https://twitter.com/RachelAbramsNY/status/1238963234197180418Nate Silver @NateSilver538 Georgia postponing its primary from March 24 to May 19.
https://twitter.com/NateSilver538/status/1238953981197631488Bernie Sanders @SenSanders Amazon paid $0 in taxes on $11 billion in annual profits.
https://twitter.com/SenSanders/status/1238638606257971200Why Amazon paid no 2018 US federal income tax
Published Thu, Apr 4 20196:10 AM EDT
Andrew Davis
How Amazon paid $0 federal income tax in 2018
In 2018, Amazon paid $0 in U.S. federal income tax on more than $11 billion in profits before taxes. It also received a $129 million tax rebate from the federal government.
Amazon’s low tax bill mainly stemmed from the Republican tax cuts of 2017, carryforward losses from years when the company was not profitable, tax credits for massive investments in R&D and stock-based employee compensation.
Jeff Bezos’ company is not the only corporation getting money back from the federal government. For example, General Motors also reported a net federal income tax benefit in 2018. This also isn’t exactly a brand-new trend. Companies as diverse as Southwest Airlines and Goldman Sachs have also reported similar benefits in certain years since 2008.
In a statement to CNBC, an Amazon spokesperson said, “Amazon pays all the taxes we are required to pay in the U.S. and every country where we operate, including paying $2.6 billion in corporate tax and reporting $3.4 billion in tax expense over the last three years.” The statement also mentioned Amazon’s investment and job creation in the United States.
This issue came front and center on a local and state level in New York during the saga of Amazon’s HQ2 hunt – with a groundswell of local opposition scuttling the deal.
All this begs the question: Does America have a corporate income tax problem?
https://www.cnbc.com/2019/04/03/why-amazon-paid-no-federal-income-tax.html
Bernie Sanders @SenSanders: Minimum weeks of paid medical leave for workers:
https://twitter.com/SenSanders/status/1238940941626605570Medicare for All 2020
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