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Saturday, December 23
by
Sam Garchik
on Sat 23 Dec 2006 06:26 AM CST
Send Your Rep a Holiday Card
By Nathaniel Baer, Environment Iowa Advocate This New Year, our representatives in Congress have a choice: they can invest in clean, renewable energy sources and give the American people the gift of a new energy future or they can continue to give the oil companies billions in taxpayer handouts. Send your representative a personalized holiday card wishing them a happy new year and asking for a new energy future! The card already has your representative's name and address included -- all you have to do is print it and send it off! To create your personalized New Energy Future holiday card, click on the link below or copy and paste it into your web browser. Then, ask your friends and family to get involved by forwarding this message to them. http://static.environmentiowa.org/eia.asp?id=2070&id4=ES Background Oil Company Profits Continue to Skyrocket Big oil companies are swimming in a sea of record-breaking profits while American consumers and taxpayers pay the price. In 2005, the world's biggest oil companies reported a combined $111 billion in profits. In the first three quarters of 2006 they reported more than $94 billion. Some of the biggest oil company profits in 2005 were: * ExxonMobil: $36.1 billion * Royal Dutch Shell: $25.3 billion * BP: $22.3 billion * ConocoPhillips: $13.5 billion * Chevron Texaco $14.1 billion Federal Handouts Lavish Billions on Oil and Gas Companies Despite earning record profits, oil and gas companies continue to benefit from billions in handouts courtesy of American taxpayers. Between tax incentives, below-market fees for drilling on public lands, research and development subsidies and accounting gimmicks, these companies will receive more than $31.6 billion from the federal government over the next five years. Specifically, these handouts break down as follows: * Tax breaks: $16 billion * Research and development subsidies: $1.8 billion * Below-market fees for drilling on public lands: $9.5 billion * Accounting gimmicks: $4.3 billion * Total: $31.6 billion Some of most outrageous handouts to Big Oil include a deduction allowing oil and gas companies to write off taxes and fees paid to foreign governments. This giveaway is not only a boon for Big Oil, but also for the governments of the world's major oil-producing nations, many of which are openly hostile to American interests. According to estimates from the Joint Committee on Taxation, modifying the deduction would save taxpayers $325 million over the next five years. Another costly and unfair handout allows companies drilling for oil and natural gas in publicly-owned waters and on publicly-owned lands to pay below-market fees, or royalties, for the resources they extract. These royalty payments provide needed resources to the Land and Water Conservation Fund, Historic Preservation Trust Fund, the oil-producing states and the federal treasury. Schemes that let oil companies off the hook for their royalty obligations will cost taxpayers at least $9.5 billion over the next five years. Congress is pumping more than $1.8 billion into federal research and development, including one provision in the Energy Policy Act of 2005 to give $1.5 billion to an oil consortium in Representative Tom DeLay's home district of Sugarland, TX. Representative Nancy Pelosi has stated that one of her top priorities when Congress convenes in January will be to repeal the most outrageous handouts to Big Oil and invest that money in clean, renewable energy. Send your representative a personalized holiday card wishing them a happy new year and asking for a new energy future! To create your New Energy Future holiday card, click on the link below or copy and paste it into your web browser. Then, ask your friends and family to get involved by forwarding this message to them. http://static.environmentiowa.org/eia.asp?id=2070&id4=ES Sincerely, Nathaniel Baer Environment Iowa Advocate NathanielB@environmentiowa.org http://www.environmentiowa.org Wednesday, December 6
by
Caroline Vernon
on Wed 06 Dec 2006 07:51 AM CST
People Party vs. Money Party: Who's Who Among the DemocratsBy David Sirota, AlterNet The fact that our nation's politics is divided not between Democrats and Republicans but between the People Party and the Money Party is obvious to anyone who looks at the political system honestly (which is to say, not most journalists or Washington political hacks). Calls for "bipartisanship" and faux "centrism" that has nothing to do with the actual center of American public opinion are most often moves to prevent the political debate from analyzing the People vs. Money divide that actually fuels our politics. We already have plenty of "bipartisanship" -- Republicans and a faction of Democrats who regularly join hands to screw over the vast majority of Americans. Many people ask me who? Who are the leading members of both sides of the actual divide? The answer is that there is no official list because no one is forced to formally declare their allegiance to the People Party or the Money Party. But it is fairly obvious which lawmakers in the new majority have specifically defined themselves on economic justice issues. Though this is by no means a comprehensive list, here are the ones to watch in the coming Congress: People Party Leaders Freshman Senators Sherrod Brown (D-OH), Bernie Sanders (I-VT), Jon Tester (D-MT) and Jim Webb (D-VA): This is the core group of economic populists who defined the larger populist trend in the 2006 election. Brown has a long record in the House as an economic justice champion, as has Sanders (who I worked for years ago). Tester (pictured above from an event he did here in Helena last night) made his campaign about cleaning up K Street corruption, and Webb has declared that his top issue is going to be addressing the taboo issue of economic inequality. Sens. Byron Dorgan (D-ND), Russ Feingold (D-WI), Ted Kennedy (D-MA) and Dick Durbin (D-IL): Dorgan has been one of the strongest voices against profiteering by the energy and pharmaceutical companies, and has recently written a book called "Take This Job and Ship It," which is one of the strongest declarations against lobbyist-written trade deals from any sitting Senator in recent memory. Similarly, Feingold has voted against every major lobbyist-written trade deal that has come through the Senate, even airing campaign ads on the issue well before that kind of message became more popular. Kennedy, as the incoming chair of the Senate Health, Education, Labor and Pensions (HELP) Committee is expected to continue his rabid support for the People Party on nearly every economic issue. And Durbin, now the number two Democrat in the Senate, has also had a solid record on trade, and is additionally talking about pushing public financing of elections -- the most effective way to cut off K Street's ability to manipulate Congress. House Chairpeople George Miller (D-CA), David Obey (D-WI), John Conyers (D-MI), Louise Slaughter (D-NY) and Henry Waxman (D-CA): Miller will now head the Education and Workforce Committee where he is expected to turn his longtime leadership on pension security, wage protection and union organizing rights into legislative action. Obey, who will head the Appropriations Committee (and who I worked for a few years back), will make sure that any budget submitted by the White House that slashes health care, education and labor law enforcement will be dead on arrival, and replaced with a real spending plan that protects people (Obey was the guy who famously authored amendments to slash tax cuts for millionaires in order to better fund these priorities). Conyers will head the Judiciary Committee, which oversees all sorts of regulatory affairs where his pro-consumer record will finally have a chance to shine. Slaughter will chair the powerful Rules Committee -- the panel that governs how the entire chamber operates. She has been an outspoken leader against media consolidation -- one of the toughest issues to champion because the broadcasting industry is so powerful. And finally Waxman will head the Government Reform Committee, where we will now have a chairman who is serious about rooting out the waste, fraud and corruption that has plagued the no-bid Iraq contracts given to President Bush's cronies. Reps. Marcy Kaptur (D-OH), Tim Ryan (D-OH), Dennis Kucinich (D-OH) Nancy Boyda (D-KS), and Bruce Braley (D-IA): Ohio's trio of Kaptur, Ryan and Kucinich have been among the staunchest critics of lobbyist-written trade pacts and advocates for the middle-class agenda in the House. Freshmen Boyda and Braley both ran their campaigns almost exclusively on the trade issue. In Braley's case, the Wall Street Journal noted that he made opposition to the Bush administration's free-trade agenda a centerpiece of his campaign" urging "more focus on labor rights in national trade policy and talked of using economic sanctions to keep America competitive." Money Party Leaders Sen. Chuck Schumer and Reps. Rahm Emanuel (D-IL) and Steny Hoyer (D-MD): All three of these men, now in leadership positions, have made very little effort to conceal that they answer to Big Money interests. Schumer, for instance, recently trumpeted a new report calling for post-Enron corporate reforms to be gutted. Emanuel was the architect of NAFTA who used the prospect of his being in the majority on the Ways and Means Committee to suck corporate cash out of Wall Street. Hoyer bragged on his website about starting his own K Street Project, and, as I documented in Hostile Takeover, one of his top legislative staffers serves simultaneously as an official for his corporate fundraising operation -- 'nuff said. To read the rest of this article, click here: |
Iowa Sites Child & Family Policy Center - Iowa Genetic Engineering Action Network Iowa Citizen Action Network - ICAN Iowa Citizens for Community Improvement Iowa Federation of Labor, AFL-CIO Iowa Physicians for Social Responsibility Iowa Public Interest Research Group Midwest Environmental Justice Advocates Progressive Action for the Common Good Progressive Coalition of Central Iowa QCAD (Quad-Citians Affirming Diversity - GLBT) Iowa Blogs The Deprogrammer (Quad Cities) Iowa True Blue (Gordon Fischer's Blog) Iowa Voters for Open and Transparent Elections Political FalloutFight Iowa Rapid Response Network - Iowa
Iowans for Better Local TV
Air America
The Counterpoint
National FAIR: Fairness & Accuracy in Reporting
Media Matters for America
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