December, 19 2011, 04:55pm EDT
AT&T Finally Abandons Doomed Merger with T-Mobile
WASHINGTON
On Monday, AT&T and T-Mobile reportedly abandoned their proposed $39 billion merger.
Free Press President and CEO Craig Aaron made the following statement:
"This deal has been as good as dead for months because the facts never matched AT&T's fabrications about the benefits of the merger. As the public, the Justice Department and the FCC long ago recognized -- and now even AT&T must admit -- this deal would have only meant higher prices, fewer choices and tens of thousands of lost American jobs. Good riddance. The Obama administration deserves praise and credit for standing up to AT&T's relentless lobbying and propaganda. And the American public can breathe a sigh of relief that this time the public interest trumped AT&T's self-serving attempt to kill off what little competition remains in the wireless market."
Free Press was created to give people a voice in the crucial decisions that shape our media. We believe that positive social change, racial justice and meaningful engagement in public life require equitable access to technology, diverse and independent ownership of media platforms, and journalism that holds leaders accountable and tells people what's actually happening in their communities.
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House Dems Save 'MAGA Mike' Johnson From Marjorie Taylor Greene Ouster
"The GOP chaos caucus continues to do nothing for the American people and instead waste time infighting," said Rep. Pramila Jayapal, who did not support saving the far-right leader.
May 08, 2024
The majority of Democrats and Republicans in the U.S. House of Representatives on Wednesday saved far-right Speaker Mike Johnson from Rep. Marjorie Taylor Greene's attempt to oust him after less than seven months in the leadership position.
Johnson's (R-La.) election to the role in October—following the ouster of former Speaker Kevin McCarthy (R-Calif.), who then left Congress early—was seen as a signal of the MAGA flank's hold on the Republican Party. However, since then he has faced criticism from Greene (R-Ga.) and others for, among other things, not shutting down the government.
Greene delivered on her threatened motion to vacate—provoking boos from fellow lawmakers—after meeting with Johnson for hours on Monday and Tuesday. The final vote to table her resolution was 359-43, with 196 Republicans and 163 Democrats backing the far-right speaker. Seven Democrats voted present and 21 lawmakers did not vote.
Ten Republicans joined Greene in trying to give Johnson the boot: Reps. Andy Biggs (Ariz.), Eric Burlison (Mo.), Eli Crane (Ariz.), Warren Davidson (Ohio), Paul Gosar (Ariz.), Thomas Massie (Ky.), Alex Mooney (W.Va.), Barry Moore (Ala.), Chip Roy (Texas), and Victoria Spartz (Ind.).
Addressing the position of most Democrats, House Minority Leader Hakeem Jeffries (N.Y.) said in a statement:
Our decision to stop Rep. Marjorie Taylor Greene from plunging the House of Representatives and the country into further chaos is rooted in our commitment to solving problems for everyday Americans in a bipartisan manner. We need more common sense and less chaos in Washington, D.C.
Marjorie Taylor Greene and the extreme MAGA Republicans are chaos agents. House Democrats are change agents. We will continue to govern in a reasonable, responsible, and results-oriented manner and to put people over politics all day and every day.
Some of the 32 Democrats who supported ousting Johnson framed the vote as proof that—in the words of Rep. Maxwell Alejandro Frost (Fla.)—the "GOP really can't govern" and the "chaos caucus is on display."
Congresswoman Pramila Jayapal (D-Wash.) similarly declared on social media that "the GOP chaos caucus continues to do nothing for the American people and instead waste time infighting."
"Speaker Johnson organized an amicus brief effort to overturn the 2020 election. He opposes abortion rights, trans rights, and voting rights," Jayapal also said. "That's why I did not vote to save his speakership."
Rep. Gerry Connolly (D-Va.) also explained his vote on social media, saying: "Mike Johnson is the most ideological, right-wing speaker since the 1830s. His views and values are directly antithetical to mine. He stands for everything we, as freedom-loving Democrats, proudly stand against. I will never vote to keep him in that chair."
Congressman Mark Pocan (D-Wis.) was one of the members who voted present, which does not count for or against passage.
"Did I vote with the extremist white Christian nationalist who called a motion to vacate the speakership or did I vote to save the extremist homophobic Christian nationalist speaker to keep him in office?" Pocan said. "Neither. I voted 'present' on this sideshow."
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Extending Trump Tax Cuts Would Add $4.6 Trillion to Deficit: CBO
"We can't afford 10 more years of giveaways to the wealthy and corporations and fail to invest in the people who drive our economy," said the head of Groundwork Collaborative. "This tax law should expire."
May 08, 2024
As former U.S. President Donald Trump and congressional Republicans campaign on extending their 2017 tax cuts if elected in November, a government analysis revealed Wednesday that doing so would add $4.6 trillion to the national deficit.
When Trump signed the Tax Cuts and Jobs Act during his first term, the initial estimated cost was $1.9 trillion. Last year, the Congressional Budget Office (CBO) projected that extending policies set to expire next year would cost $3.5 trillion through 2033.
The new CBO report—sought by U.S. Senate Budget Committee Chair Sheldon Whitehouse (D-R.I.) and Senate Finance Committee Chair Ron Wyden (D-Ore.)—says continuing the income, business, and estate tax cuts will now cost $4.6 trillion through 2034.
"The Republican tax plan is to double down on Trump's handouts to corporations and the wealthy, run the deficit into the stratosphere, and make it impossible to save Medicare and Social Security or help families with the cost of living in America."
Responding in a statement Wednesday, the senators cited an Institute on Taxation and Economic Policy (ITEP) estimate that "extending the Trump tax cuts would create a $112.6 billion windfall for the top 5% of income earners in the first year alone."
They also slammed their GOP colleagues, who Whitehouse said "are awfully eager to shield their megadonors from paying taxes."
He recalled that just last year, "Republicans held our entire economy hostage," refusing to raise the debt ceiling and risking the first-ever U.S. default, because they didn't want the Internal Revenue Service to get more funding to "go after wealthy tax cheats."
"Remember the Trump tax scam cutting taxes for billionaires and big corporations," Whitehouse continued. "Now they're set on extending those tax cuts, even though it would blow up the deficit. The Trump tax cuts were a gift to the ultrarich and a rotten deal for American families and small businesses. With their impending expiration, we have a chance to undo the damage, fix our corrupted tax code, and have big corporations and the ultrawealthy begin to pay their fair share."
Wyden similarly took aim at the GOP, warning that "the Republican tax plan is to double down on Trump's handouts to corporations and the wealthy, run the deficit into the stratosphere, and make it impossible to save Medicare and Social Security or help families with the cost of living in America."
"Republicans have planned all along on making Trump's tax handouts to the rich permanent, but they hid the true cost with timing gimmicks and a 2025 deadline that threatens the middle class with an automatic tax hike if they don't get what they want," he argued. "In short, they're focused on helping the rich get richer, and everybody else can go pound sand. Democrats are going to stand by our commitment to protect the middle class while ensuring that corporations and the wealthy pay a fair share."
Groundwork Collaborative executive director Lindsay Owens also responded critically to the CBO report, saying Wednesday that "extending Trump's tax law and effectively subsidizing corporate profiteering and billionaire wealth is a nonstarter."
"This tax law, on top of decades of failed trickle-down cuts, has come at the expense of workers and families," Owens stressed. "We can't afford 10 more years of giveaways to the wealthy and corporations and fail to invest in the people who drive our economy. This tax law should expire."
While some of the tax cuts in the 2017 law are temporary—unless they get extended—the legislation permanently slashed the statutory corporate tax rate from 35% to 21%. As Common Dreamsreported last week, a new ITEP analysis shows that tax rates paid by big and consistently profitable corporations dropped from 22% to 12.8% after the law's enactment.
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Sanders, Khanna Lead Push to Tackle Medical Debt Crushing US Workers
"The time has come to cancel all medical debt and guarantee healthcare to all as a human right, not a privilege," said Sen. Bernie Sanders.
May 08, 2024
A quartet of progressive U.S. lawmakers on Wednesday introduced bicameral legislation "to eliminate all $220 billion in medical debt held by millions of Americans, wipe it from credit reports, and drastically limit the accrual of future medical debt."
The Medical Debt Cancellation Act—introduced by Sen. Bernie Sanders (I-Vt.), Rep. Ro Khanna (D-Calif.), Sen. Jeff Merkely (D-Ore.), and Rep. Rashida Tlaib (D-Mich.)—is a four-point plan for ending the medical debt that's crushing so many working-class Americans.
"Our current healthcare system is bankrupting Americans."
"The medical debt crisis has exploded in recent years, decimating Americans' bank accounts and deterring them from seeking healthcare," Sanders' office said in a statement. "Among all working-age adults in the United States, an estimated 27% are currently carrying medical debt of more than $500, and 15% have medical debt loads of $2,000 or more."
If passed, the Medical Debt Cancellation Act would:
- Amend the Fair Debt Collection Practices Act, making it illegal to collect medical debt incurred prior to the bill's enactment and creating a private right of action for patients;
- Amend the Fair Consumer Credit Reporting Act, effectively wiping medical debt from credit reports by preventing credit reporting agencies from reporting information related to debt that arose from medical expenses;
- Create a grant program within the U.S. Department of Health and Human Services to cancel medical debt, prioritizing low-resource providers and vulnerable populations; and
- Amend the Public Health Service Act, updating billing and debt collection requirements to limit the potential for future debt to be incurred.
"This is the United States of America, the richest country in the history of the world," said Sanders. "People in our country should not be going bankrupt because they got cancer and could not afford to pay their medical bills. No one in America should face financial ruin because of the outrageous cost of an unexpected medical emergency or a hospital stay."
But many do. In 2018 alone, 8 million people in the U.S. were driven into poverty due to medical debt. According to Sanders' office, nearly three-quarters of U.S. adults say they are worried about unexpected medical bills and nearly 1 in 4 people report having foregone medical treatment over cost concerns—including almost 20% of adults covered by health insurance.
"The time has come to cancel all medical debt and guarantee healthcare to all as a human right, not a privilege," said Sanders, a longtime proponent for Medicare for All in the only industrialized nation without universal coverage.
Khanna lamented that "our current healthcare system is bankrupting Americans."
"I've heard heartbreaking stories from constituents who have skipped doctor's appointments due to cost, who have lost loved ones because they couldn't afford their medication, and who aren't able to buy a house or get a job because of crippling medical debt," the congressman said.
"I'm so proud to join Sen. Sanders to cancel medical debt, wipe it from credit reports, and reform our system going forward," he added. "This bill would transform the lives of millions of Americans and I couldn't ask for a better partner in the fight."
This isn't Congress' first attempt to address the issue of medical debt. Last year, Tlaib
introduced the Restoring Unfairly Impaired Credit and Protecting Consumers Act, which would reduce the amount of time that negative information remains on a credit report from seven years to four and compel reporting agencies to erase adverse data stemming from "predatory loans and fraudulent activity."
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