Political Sales – Shaughnessy For Congress http://shaughnessyforcongress.com/ Fri, 17 Sep 2021 16:54:24 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://shaughnessyforcongress.com/wp-content/uploads/2021/06/icon-4.png Political Sales – Shaughnessy For Congress http://shaughnessyforcongress.com/ 32 32 Mississippi Personal Income Tax Elimination | Mississippi Politics and News https://shaughnessyforcongress.com/mississippi-personal-income-tax-elimination-mississippi-politics-and-news/ https://shaughnessyforcongress.com/mississippi-personal-income-tax-elimination-mississippi-politics-and-news/#respond Fri, 17 Sep 2021 14:56:18 +0000 https://shaughnessyforcongress.com/mississippi-personal-income-tax-elimination-mississippi-politics-and-news/ Submitted by Bigger Pie Forum The Mississippi legislature is considering eliminating the state’s personal income tax to help boost the Mississippi economy. The theory is that such a move would cause companies to move to Mississippi or stay here. Some Mississippi policymakers believe that if Mississippi is to enjoy population growth (a good indicator of […]]]>

Submitted by Bigger Pie Forum

The Mississippi legislature is considering eliminating the state’s personal income tax to help boost the Mississippi economy. The theory is that such a move would cause companies to move to Mississippi or stay here.

Some Mississippi policymakers believe that if Mississippi is to enjoy population growth (a good indicator of a healthy economy since residents tend to vote with their feet for better jobs and living conditions), changes need to be made. to the state tax code.

In the last U.S. census, the state lost more than 6,000 residents, the state’s first population loss after 60 years of largely stagnant growth relative to neighboring states.

Of the states that Mississippi competes with, Florida, Tennessee, and Texas have all experienced large-scale population growth over the past decade. One thing the trio share in addition to dynamic, high-growth economies is the lack of personal income tax.

The legislature’s Joint Tax Study Committee concluded two days of hearings on August 26, as national and national experts testified about the benefits and possible challenges of removing income tax.

While most of these experts agreed that there are benefits to eliminating income tax, most of the conversation has centered on how to replace that income in order to fund the government of the State.

Personal income tax revenue was $ 1.9 billion in fiscal 2019, the last “normal” year before the influx of “stimuli” and other COVID funds. This $ 1.9 billion represented nearly a third (32%) of the $ 5.6 billion budget of the General State Fund. Corporate income taxes and franchise taxes added 8.5 percent ($ 488 million), but the elimination of these taxes is not being considered so far. Sales tax (and the related “use tax”) accounted for 44% ($ 2.5 billion) of the General Fund budget.

The initial tax reform proposal drafted by House Speaker Philip Gunn, which was passed by the House earlier this year but died in the Senate, would have phased out state income tax and l ‘would have paid by increasing the sales tax on most items from 7 to 9.5. percent. However, the sales tax on grocery products would be cut in half, from 7% to 3.5%.

Several trade associations have spoken out against the part of the president’s proposal that would have increased the sales tax by 2.5 percentage points (the same increase as the proposed increase in the general sales tax) on several types of inputs. commercial, such as manufacturing machinery and agricultural tools, among others. This would place the companies concerned at a competitive disadvantage compared to similar companies in other states.

These items already have a sales tax rate lower than the retail sales rate of 7 percent, but many economists believe that business inputs should not be taxed at all because this tax is simply added to the price of the goods, without the consumer realizing the real amount of the tax. they pay on a product. It is better to place sales tax on final purchases.

Many retirees complained that the President’s plan would increase their taxes, since they already pay no tax on their retirement income and that the sales tax increase would hit them hard. The president argues that the reduction in taxes on grocery stores will offset a large chunk of other sales tax increases for them, since, he says, retirees spend a higher percentage of their income on food. One person who testified at the hearing, using analysis from a liberal Washington think tank, said income taxes should be increased to pay for the services the poor need, and that raising the sales tax would hurt the poor more than anyone else.

While Gov. Tate Reeves, President Gunn and Lt. Gov. Delbert Hosemann seem to agree on the principle that income tax should be phased out, details will be critical. The governor expressed the wish to phase it out without increasing other taxes. This would be accomplished by lowering the rate each year based on the income growth of the previous year, which will take between 18 and 40 years, depending on the patterns of economic growth. It goes against the President’s plan. Hosemann was not specific about his ideas.

All of this sets up an interesting political battle in the months to come if leaders fail to reach a deal before the 2022 legislative session.

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Submitted by Bigger Pie Forum – Promoting Market-Driven Economic Growth for a Bigger, Brighter Mississippi. Learn more about BPF here.

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State Sen. Sparks: Mr. President, you are wrong | Mississippi Politics and News https://shaughnessyforcongress.com/state-sen-sparks-mr-president-you-are-wrong-mississippi-politics-and-news/ https://shaughnessyforcongress.com/state-sen-sparks-mr-president-you-are-wrong-mississippi-politics-and-news/#respond Tue, 14 Sep 2021 18:00:37 +0000 https://shaughnessyforcongress.com/state-sen-sparks-mr-president-you-are-wrong-mississippi-politics-and-news/ Submitted by State Senator Daniel Sparks “. reversing the media narrative… ” Mr. Speaker, you are wrong. You are wrong about the border crisis, you are wrong about inflation, you are wrong about the economy, you are wrong about Afghanistan and you are wrong to try to circumvent the Constitution. A private employer establishes the […]]]>

Submitted by State Senator Daniel Sparks

“. reversing the media narrative… ”

Mr. Speaker, you are wrong. You are wrong about the border crisis, you are wrong about inflation, you are wrong about the economy, you are wrong about Afghanistan and you are wrong to try to circumvent the Constitution.

A private employer establishes the conditions of employment with his company. These are the risk takers, the capital investors and the policy makers. You do not have the right, neither in law nor in principle, to interfere in this private commercial relationship with a vaccine mandate.

You are probably not very familiar with these concepts, as you have been a student or a taxpayer supported public official for the vast majority of your life. Despite a law degree, the only private job you brag about are your lifeguard days with Corn Pop. You have never been an innovator or a business creator, but you have shown skill as a beautifier and plagiarist.

Your intrusion into the private sector will further jeopardize the survival of small and medium-sized businesses. The tax increases and regulatory regimes you are proposing are poised to stifle the economic entrepreneurship that is the hallmark of American exceptionalism.

Your focus on wealth redistribution, gender fluidity, and new green deals are quickly undermining many of the foundational principles this country was built on. Your ideas and legislative agenda mean as much as Hunter Biden’s high-priced art sales.

Your actions will put hard-working Mississippians out of work, and the enforced separation of long-term team members from their employer will further jeopardize businesses in my district. You want more citizens dependent on government for all their needs, from daily subsistence to health care. It gives you and yours more power and control; it is the opposite of liberty and liberty.

I encourage every American to take an honest inventory of their health and to assess the risks with their doctor in order to better defend themselves and their families against this ongoing pandemic. Your retribution, arrogance, and double standard denials will not help you in this endeavor.

Your attempt to circumvent the Constitution through OSHA regulations is not well taken. You and your team know that there is a standard 60-day period before a proposed regulation can be enforced and input from small business associations is required by the Enforcement and Fairness Act. small businesses (SBREFA). You know legal action is imminent, but hopefully the number of cases tends to drop in the meantime so you can take the false credit for success.

You know why you took this step on the eve of the 20th anniversary of September 11. Your botched withdrawal from Afghanistan, which needlessly cost more American lives, was so bad that members of your own party were critical and you desperately needed to change the narrative. Your multi-trillion dollar budget and infrastructure deals couldn’t afford to bleed out votes.

Congratulations on the first success of your presidency; overturning the media narrative of the abandonment of Americans and military allies in Afghanistan to unconstitutional intrusion into private business and the ability of employees to provide for the financial needs of their families.

You will likely continue to rule in a foolish and reckless manner for the remainder of your presidency, but rest assured that we will stand up against you at every turn of impropriety. We will oppose you not because we belong to different political parties or to rural red states, but because, Mr President, you are wrong.

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Presented by State Senator Daniel Sparks.

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“Political suicide”: capital gains tax on home sales is a risky proposition, experts say – National https://shaughnessyforcongress.com/political-suicide-capital-gains-tax-on-home-sales-is-a-risky-proposition-experts-say-national/ https://shaughnessyforcongress.com/political-suicide-capital-gains-tax-on-home-sales-is-a-risky-proposition-experts-say-national/#respond Fri, 10 Sep 2021 22:14:40 +0000 https://shaughnessyforcongress.com/political-suicide-capital-gains-tax-on-home-sales-is-a-risky-proposition-experts-say-national/ Affordable housing is a priority for Canadian voters, with the three major parties each pledging in their platform to make it easier for families to buy a home. A market cooling option in the policy toolbox: taxing capital gains on the sale of primary residences. Politically, this is not an easy proposition to sell. The […]]]>

Affordable housing is a priority for Canadian voters, with the three major parties each pledging in their platform to make it easier for families to buy a home.

A market cooling option in the policy toolbox: taxing capital gains on the sale of primary residences.

Politically, this is not an easy proposition to sell. The proposal is so unpopular with voters that when a senior banking economist suggested in a research paper earlier this year that the principal residence exemption from capital gains tax be reconsidered, he subsequently clarified that the idea was launched as a “theoretical exercise”.

Read more:

Checking the facts of the electoral debate: does Trudeau want a tax on principal residences?

The Canadian government first introduced the capital gains tax in 1972, but exempted primary residences from tax in an effort to encourage home ownership. Half a century later, auction wars, blind bids and double-booked views – once the subject of big-city lore – have become ubiquitous in rural and suburban areas of the country.

The story continues under the ad

The Liberal Party campaign platform says the government would create an ‘anti-rollover’ tax that would require most properties to be held for a year to curb speculation, which critics say is essentially a tax on earnings in capital.

Yet amid the worsening housing crisis, some say it’s time to reconsider the concept.

“Policymakers should put everything on the table, including … the principal residence exemption from capital gains tax,” RBC senior economist Robert Hogue said in a research report in March. He subsequently noted that this proposal was not intended to be a political recommendation, saying it was “more of a theoretical exercise than a politically viable exercise”.

“With many Canadians having built their wealth (and their retirement plans) by realizing the full value of their home, any changes should carefully balance the impact on the housing market and the financial security of Canadians, and only apply ‘in the future basis,’ Hogue wrote in the revised memo.


Click to play the video:







Federal Leaders Debate: O’Toole Claims Liberals Will Tax Principal Home Sales, Trudeau Says That’s False


Federal Leaders Debate: O’Toole Claims Liberals Will Tax Principal Home Sales, Trudeau Says That’s False

Politicians seem to agree. None of the plans proposed by the major parties in Canada propose to lift the capital gains exemption for principal residences, with the exception of the anti-rollover tax proposed by the Liberal Party.

The story continues under the ad

That’s because it would be “political suicide,” said Tim Cestnick, tax and personal finance expert and CEO of Our Family Office Inc.

“Many Canadians think of their home as their retirement plan,” he said. “If the government just changed the rules and started taxing the earnings, it could put a lot of people in a very difficult retirement situation. “

Conservative Leader Erin O’Toole said in Thursday’s leaders’ debate that “Canadians are afraid (Liberal Leader Justin Trudeau) of taxing their sales of primary residences.”

Read more:

Singh pledges to crack down on domestic fins by increasing taxable amount of capital gains

The tax proposed in the liberal platform would in practice apply to very few people since most Canadians buy a home with the intention of living there rather than making short-term money, Paul said. Taylor, President and CEO of Mortgage Professionals Canada. .

The promise means, he said, “If you are in the business of buying a house, renovating it and selling it, the government will credit you for all the investments in the property that you have made … but any appreciation beyond your investment, if you’ve owned the home for less than 12 months, will be 100 percent taxable income.

“I think it is particularly aimed at those who use the yield from real estate as income without declaring tax on it,” he said, noting that there are many “exits. built-in ramps for people facing life changes that may require selling a home soon after purchase.

The story continues under the ad

“It sounds pretty focused in the initial description of this one but the devil just might be in the details.”


Click to play the video:







2019 Federal Election: Trudeau Says ‘Misinformation’ About Liberal Housing Plan ‘False’


2019 Federal Election: Trudeau Says ‘Misinformation’ About Liberal Housing Plan ‘False’ – October 11, 2019

Taylor says it’s not surprising to see critics characterize the liberal proposal as the thin edge of taxing capital gains on primary residences, however, “because that’s technically what they’re doing.” .

He questions the effectiveness of the promise. For example, he wonders how the CRA would determine the difference between someone who sells for legitimate reasons and those who turn around strictly to make money.

As much as it has deterred the fins, Taylor said it wouldn’t necessarily have the impact on house prices the Liberals are hoping for.

“There are people who buy dilapidated houses, invest in them to make them habitable again, and then resell them, which in effect adds to the housing stock, which we all recognize suffers from considerable supply constraints. this moment. “

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Indeed, many experts say that the limited supply of housing – the number of new listings on the market each month – is the biggest contributor to the warming of the market.

Read more:

Three ways Ottawa could cool the housing market in the federal budget

“The problem is, we haven’t built enough houses,” said Jean-François Perrault, senior vice-president and chief economist at Scotiabank. “The number of Canadians has increased, but the number of households is not growing fast enough to keep pace.

Cestnick agreed.

“In fact, I don’t think (the liberal proposal) would even help the housing market much. The impact would be very minimal, ”he said, also pointing to the supply side as the most important pressure point.

“It also does not change the fundamental imbalance in the housing market.”

Perrault added, “You’re not going to make any meaningful and lasting changes in affordability unless we just have a better balance between the number of homes for sale and the number of Canadians who need them. “

Rather, the solution is to remove barriers to building new construction for all forms of housing – affordable housing, rentals and single-family homes, he said.

“One thing is for sure: there is no quick fix,” RBC’s Hogue said in his March report. “All options on the demand side have side effects and work, at best, for a limited time. “

© 2021 The Canadian Press

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Is Donald Trump finished? – WSJ https://shaughnessyforcongress.com/is-donald-trump-finished-wsj/ https://shaughnessyforcongress.com/is-donald-trump-finished-wsj/#respond Tue, 07 Sep 2021 22:05:00 +0000 https://shaughnessyforcongress.com/is-donald-trump-finished-wsj/ Former President Trump speaks during a visit to the border wall near Pharr, Texas on June 30. Photo: Sergio Flores / Agence France-Presse / Getty Images Is Donald Trump playing the game badly? The question must be asked. If you think Mr. Trump is the worst thing that has ever happened to America, the answer […]]]>

Former President Trump speaks during a visit to the border wall near Pharr, Texas on June 30.


Photo:

Sergio Flores / Agence France-Presse / Getty Images

Is Donald Trump playing the game badly? The question must be asked. If you think Mr. Trump is the worst thing that has ever happened to America, the answer might not be entirely reassuring.

Let’s leave aside the elephant in the room, its post-election antics. If you were Mr. Trump’s Twitter strategist, you’d be kicking yourself right now. Assuming he could be persuaded to bring a minimum of discipline to his tweet, he would be on a “I told you so” roll: My vaccines are the global gold standard. I warned you about the possibility of a laboratory leak in China. I have warned you against “police funding,” runaway urban delinquency, and democrats with their aroused racism, which they call Critical Race Theory.

I have warned you against illegal immigration, hundreds of thousands of people risking their lives and the lives of their children to arrive here illegally. I offered a large beautiful wall with a large beautiful portal. Instead, we have the border chaos of Sleepy Joe. Then he can throw out the post-Covid job boom I gave him. And which president ate from Putin’s hand – canceling the arms for Ukraine, surrendering the Nord Stream pipeline, pleading for relief from the ransomware reign of terror? Could anyone have done a worse job to get us out of Afghanistan? It has been a travesty, with America appearing weak rather than strong by cleverly putting America first (the eternal privilege of powerlessness is the fanciful counterfactual).

The elephant in the room is his refusal to accept the results of the 2020 race, which has become an albatross to millions of former fans and many who have served in his administration. You don’t expect a mea culpa but, because that’s how he operates, you might expect him to emerge with a new story about how his now admitted defeat was truly a moral victory. This story would in fact have a certain power of persuasion:

I got 11 million more votes (he would say) than in 2016. I got more votes than any presidential candidate in history except Joe Biden. And it’s not because Joe Biden is both Washington and Lincoln. If the race had been Biden against Jeb Bush, do you think 155 million would have turned out to be? No chance. It was my job. The real change was on the table. Real change greatly upsets vested interests. This upsets a lot of the nervous nellies and swamp creatures who were happy under the “America Last” policies of my detractors.

The only way the Democrats could beat me (he would go on) was with every trick in the book, using the pandemic to allow wide-open mail-in voting, bringing out a lot of uninformed, unmotivated voters who might be intimidated by them. media to vote for Joe. I still won by leaving with the voters who voted on election day, who care about our country and the sanctity of the ballot box.

If you had Mr. Trump’s ear, you might tell him that a political gold mine lies in making this concession to a Biden victory (without, of course, acknowledging that this amounts to a concession). Mr Trump could then position himself to benefit from the inevitable remorse of Biden’s buyer, taking credit for what promises to be a strong GOP performance in 2022. He could even mend barriers with thousands of dollars. GOP voters who never forgave him for losing two Georgia Senate Seats.

Democrats are lucky Mr. Trump doesn’t have a long game. He goes from setback to setback, playing tit for tat. Yet luck is working for him here too. America doesn’t feel any less chaotic with him off the board. A cynic might also notice that, for all his boastfulness, Mr. Trump has generally refrained from being pinned down on any specific allegations of voter fraud. It was always “people tell me” or “what I hear”. So Mr. Trump may not have completely dismissed the possibility of digging beneath his post-election behavior, with a typically cheeky piece of Trump revisionism.

My own guess is that Mr. Trump can’t afford not running for president by 2024 is too lucrative. Much of his working life now seems to consist of paying himself for the services his companies provide to his own campaign, funded by thousands of small donations and sales of Trump merchandise. And yet, the thirst for him to be president again, even among his fans, is not obvious. I also wonder: would he sell his hotel in Washington, one of the few ways he managed to synergize his business interests with those political interests during his presidency, if he considered becoming president again?

I doubt. Mr Trump has probably already decided that he will just pick the next president, which explains the troop of hopes outside his door in Mar-a-Lago.

Copyright © 2021 Dow Jones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8

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Senate Democrats’ tax options include large farm earnings exemption https://shaughnessyforcongress.com/senate-democrats-tax-options-include-large-farm-earnings-exemption/ https://shaughnessyforcongress.com/senate-democrats-tax-options-include-large-farm-earnings-exemption/#respond Fri, 03 Sep 2021 20:37:31 +0000 https://shaughnessyforcongress.com/senate-democrats-tax-options-include-large-farm-earnings-exemption/ These proposals would both raise funds and change the choices of companies, which would end up undermining the income they generate. Sanders’ proposal to tax on CEO-employee pay ratios would increase by about $ 150 billion over 10 years if current pay practices persist, according to an estimate from his office, but it aims to […]]]>

These proposals would both raise funds and change the choices of companies, which would end up undermining the income they generate. Sanders’ proposal to tax on CEO-employee pay ratios would increase by about $ 150 billion over 10 years if current pay practices persist, according to an estimate from his office, but it aims to reduce income inequalities.

“Mark-to-market” is also part of the program, a scheme that Wyden advocated for taxing wealth from unrealized capital gains. The proposal would require billionaires to pay annual taxes on publicly traded assets, including stocks. For assets that are difficult to place a market value each year, they would be subject to a deferral charge when sold or transferred. It is estimated to only affect around 600 people, but generates hundreds of billions in revenue, according to the Finance options document.

Carbon pricing, plastics tax

Putting a price on carbon and pairing it with a border adjustment tax for carbon-intensive imports and rebates to offset the impact for low-income taxpayers is another option, as well as a new proposal to charge a fee on sales of used “virgin plastic”. to manufacture single-use plastics.

While an adjustment to the carbon border to help level the playing field for domestic companies has been on the table since early summer, a carbon tax that applies to all emitters has not been. It is not clear whether the carbon pricing proposals have enough political support to pass, even among Democrats, but the options offered by Finance include a $ 15 per tonne tax on fossil fuel extraction. and a tax on industrial emissions from manufacturers of steel, cement, chemicals and other carbon-intensive goods.

Whitehouse’s bill, which would start the tax at 10 cents a pound next year and increase over the next two years, would apply to resins extracted from crude oil or natural gas that are used to produce petrochemicals , including plastics. According to Whitehouse, this would tax sales of resins used to make single-use plastics like beverage containers, bags and packaging. Supporters say it will discourage waste and ocean pollution in communities near petrochemical plants.

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Lawsuit filed after Biden opened 79 million acres of Gulf of Mexico for oil https://shaughnessyforcongress.com/lawsuit-filed-after-biden-opened-79-million-acres-of-gulf-of-mexico-for-oil/ https://shaughnessyforcongress.com/lawsuit-filed-after-biden-opened-79-million-acres-of-gulf-of-mexico-for-oil/#respond Tue, 31 Aug 2021 23:33:33 +0000 https://shaughnessyforcongress.com/lawsuit-filed-after-biden-opened-79-million-acres-of-gulf-of-mexico-for-oil/ WASHINGTON – Immediately after the Biden administration’s decision to offer 79 million acres of the Gulf of Mexico for oil and gas lease, environmental and Gulf groups today filed a challenge to the sale of the lease in court. Earthjustice filed a lawsuit in federal court in the District of Columbia on behalf of Healthy […]]]>

WASHINGTON – Immediately after the Biden administration’s decision to offer 79 million acres of the Gulf of Mexico for oil and gas lease, environmental and Gulf groups today filed a challenge to the sale of the lease in court.

Earthjustice filed a lawsuit in federal court in the District of Columbia on behalf of Healthy Gulf, the Sierra Club, Friends of the Earth, and the Center for Biological Diversity. It was filed against Home Secretary Deb Haaland and the Bureau of Ocean Energy Management following Notice of Lease Sale 257.

“In the aftermath of Hurricane Ida, it is clear that we must do all we can to move away from fossil fuels in order to reduce the impacts of climate change such as stronger and more frequent hurricanes,” said Cynthia Sarthou, Director Healthy Golfe Executive. “Continuing to sell leases that allow business to continue is a bad decision.”

“This lease sale is deeply disappointing. The Biden administration has fallen back on the oil industry based on its campaign of disinformation and political pressure, ignoring the worsening climate emergency we face, ”said Brettny Hardy, lawyer for Earthjustice. “Our planet cannot take any more stress from oil and gas production and yet the Biden administration is moving forward with a lease sale that will impact decades into the future.”

“We will invite more disasters by selling more of the Gulf to the oil industry,” said Kristen Monsell, oceans legal director at the Center for Biological Diversity. “As Louisiana recovers from this unprecedented extreme hurricane, it is obscene to allow the status quo in offshore leasing. Climate change is rapidly intensifying storms in the Gulf, fueling uncontrollable wildfires in the West and threatening many species with extinction. We must end offshore oil drilling, and not burden future generations with this dirty and dangerous madness. “

“Despite the campaign promising to be champions of climate and environmental justice, the Biden administration has chosen to resume sales of oil and gas leases,” said Hallie Templeton, associate legal director of Friends of the Earth. “To add insult to injury, federal officials violated federal law by relying on outdated and flawed environmental scans while continuing to treat the Gulf of Mexico as a sacrificial area for Big Oil. To say that we are disappointed is an understatement. “

“Frontline Gulf communities have been sacrificed to fossil fuel interests for far too long. As Hurricane Ida ravages the Gulf Coast, it has never been clearer that these communities deserve better than the status quo and a new sale of millions of acres of Gulf waters for oil extraction and gas, ”said Devorah Ancel, senior counsel for the Sierra Club. . “At the very least, the administration has an obligation to assess new information on climate change before taking such reckless action. Failure to do so is completely out of step with President Biden’s stated commitment to addressing the climate crisis in a meaningful way. “

The environmental analysis of the proposed sale relies on incorrect modeling to conclude that not the sale of the lease will result in Following greenhouse gas. The 9th Circuit Court of Appeals rejected this approach last year. Just weeks ago, a federal district court in Alaska ruled that the same conclusion was deeply flawed after the Home Office attempted to rely on it again for a major oil development project in the Western Arctic Alaska.

The analysis is not only flawed, but also outdated. The Home Office last examined the environmental impacts of a lease sale in 2017. Since Interior completed its environmental scan, important new information has emerged that demonstrates, among other things, the dire state of the climate crisis and the potential for increased harm to endangered people. species, including Rice’s Whale, one of the most endangered whales on the planet, found only in the Gulf of Mexico.

Background:

The complainant groups had previously sent a letter to Sec. Haaland on the legal alternatives to this lease sale. This letter can be found here: Lettre à Sec. Haaland, et al. groups of plaintiffs on legal alternatives to the hire-purchase offer 257.

Last month, the United Nations asserted that the climate crisis is “unequivocally” the result of human influence and that this influence now has a strong influence on climate and weather extremes. The Gulf region has felt these extremes as just two days ago the region saw one of the strongest and most intensive hurricanes to ever make landfall.

Interior’s own estimates show the sale will result in the production of up to 1.12 billion barrels of oil and 4.2 trillion cubic feet of gas over the next 50 years, contributing to significant emissions of greenhouse gas.

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Western Digital Pitch for New Kioxia Agreement Faces Familiar Hurdles https://shaughnessyforcongress.com/western-digital-pitch-for-new-kioxia-agreement-faces-familiar-hurdles/ https://shaughnessyforcongress.com/western-digital-pitch-for-new-kioxia-agreement-faces-familiar-hurdles/#respond Mon, 30 Aug 2021 02:54:16 +0000 https://shaughnessyforcongress.com/western-digital-pitch-for-new-kioxia-agreement-faces-familiar-hurdles/ (Bloomberg) – Western Digital Corp. presents a new proposed acquisition of Kioxia Holdings Corp. four years after losing a takeover bid for the old Toshiba Corp. chip unit. But the American company’s offer comes up against familiar hurdles. Among the challenges, Kioxia’s senior management would rather go public, Japanese government officials fear losing control of […]]]>

(Bloomberg) – Western Digital Corp. presents a new proposed acquisition of Kioxia Holdings Corp. four years after losing a takeover bid for the old Toshiba Corp. chip unit. But the American company’s offer comes up against familiar hurdles.

Among the challenges, Kioxia’s senior management would rather go public, Japanese government officials fear losing control of a chipmaker, and Chinese regulators are likely to block a U.S. takeover, people familiar with the matter say. Kioxia plans to file its initial public offering as early as next month to capitalize on strong investor demand for the chip shares, one of the people said, asking not to be named as the matter is private.

Western Digital and its bankers have been aggressive in offering a deal, offering a hefty price tag and describing it as a merger, the people said. Bain Capital, which controls Kioxia with Toshiba, is open to a combination, one person said.

Political opposition can be the biggest obstacle. The Japanese government has always protected its high-tech companies and the powerful Ministry of Economy, Trade and Industry helped decide the auction war four years ago when Toshiba sold a controlling stake in the chip unit to the consortium led by Bain.

One METI faction is ready to discuss a deal with Western Digital, but another faction opposes a sale, one person said. The Japanese government has plans to invest billions of dollars in promoting the domestic semiconductor industry, so losing control of its largest chipmaker would appear to conflict with that goal.

METI has not decided whether or not to approve the agreement. Prime Minister Yoshihide Suga and Akira Amari, the politician who champions local semiconductor investments, will likely make the final decision, one person said.

China is a bigger obstacle. Beijing is increasingly reluctant to approve acquisitions by US companies as tensions with the US government increase. Chinese regulators have yet to approve the proposed acquisition by Nvidia Corp. from Arm Ltd. of SoftBank Group Corp.

China’s approval of a Kioxia sale could also prove problematic. If the memory chipmaker were to fall into the hands of an American company, it would be directly subject to any restrictions on sales determined by President Joe Biden’s administration. Kioxia management is at risk of being involved in a merger deal that China could consider for a year or two and then reject.

“The deal has no merit for Kioxia,” said Akira Minamikawa, analyst at Omdia.

He pointed out that Kioxia and Western Digital are already cooperating on the production of NAND flash memory. The American company would likely use its control to tip the scales towards memory chips for personal computers, rather than smartphones as Kioxia has preferred.

“By purchasing Kioxia, Western Digital wants to change the production allocation for the greater benefit of the American company,” he said.

The world is running out of computer chips. Here’s why: QuickTake

The deal is already a financial stretch for Western Digital. The proposed acquisition, which would be cash and stock, would value the target at more than $ 20 billion, one person said. Western Digital’s market value is just below this level.

Some factors have changed in favor of a deal since Western Digital failed on its offer four years ago. CEO Steve Milligan, who led the charge at the time and infuriated senior Toshiba executives, stepped down last year. Yasuo Naruke, the former CEO of Toshiba Memory who fought hard against the takeover, died last year.

Relations between the two companies are less bitter, but not warm. Milligan’s replacement is David Goeckeler, who has been presented as the likely candidate to lead the combined company.

But Kioxia has yet to agree on who will take the CEO role or which senior executives will lead the management, one person said. The structure has also not been determined.

Japanese financial institutions, which would likely be needed to fund a deal, have not yet been involved, the person said. Funding will need to be worked out once the structure of the agreement is finalized.

More stories like this are available at bloomberg.com

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© 2021 Bloomberg LP

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lack of courage to make difficult decisions https://shaughnessyforcongress.com/lack-of-courage-to-make-difficult-decisions/ https://shaughnessyforcongress.com/lack-of-courage-to-make-difficult-decisions/#respond Fri, 27 Aug 2021 23:45:59 +0000 https://shaughnessyforcongress.com/lack-of-courage-to-make-difficult-decisions/ The Alaska State Capitol in Juneau on January 20, 2017 (Marc Lester / Alaska Dispatch News) State lawmakers are now in their third special session in Juneau, trying to figure out what to do with the Permanent Fund Dividend, or PFD. There are budgetary issues related to the dividend, of course. There is also the […]]]>

State lawmakers are now in their third special session in Juneau, trying to figure out what to do with the Permanent Fund Dividend, or PFD.

There are budgetary issues related to the dividend, of course. There is also the nuclear question of whether to enshrine a guaranteed dividend and a calculation method (to increase it) in the state constitution.

A lot of people gag the idea of ​​putting a spending program in the Constitution. Yet an influential central group of the public, and Governor Mike Dunleavy, believe it is important to ensure a PFD in the Constitution, and a larger one.

The problem is how to pay for it.

It’s a complicated problem, but it boils down to a few essentials:

• Oil production is declining. Hopes of a big boost to production on ConocoPhillips’ Willow Project are now in question after conservation groups have won in court, so far, in a lawsuit.

• We made all the budget cuts we could make, except for a few cuts here and there. The governor tried to cut spending in 2019 and got a big step back and a recall campaign. He won’t try that again.

• With declining oil revenues and the desire to maintain basic utilities, we are at a point where we can balance the budget without new taxes, but with a small PFD.

• To obtain a larger dividend, Alaskans will either have to pay state taxes; deduct more from the Permanent Fund’s income or levy more taxes on resource industries like petroleum, fish or mining.

• The good news is that the mechanism on which we agreed to use the revenue from the Permanent Fund to support the budget, the Market Value Percentage Draw, is working well. This operates the Fund as an endowment, providing 5% of its total value each year for budget support.

Most Alaskans do not realize that the income from the Permanent Fund covers 70% of the budget. In the past, oil paid almost the entire budget, but today it only pays a quarter or a third.

Where are we in solving this problem? It’s not clear, after a lot of time spent on it by lawmakers and the governor.

No one likes paying taxes, but so far a state sales tax seems to be preferred by lawmakers over a personal income tax.

A sales tax is interesting because it is a use tax, where those who consume goods (and presumably use utilities) foot the bill. The criticism is that this burden falls disproportionately on low-income Alaskans, although tourists, upon their return, will contribute (this benefit may be overestimated).

The biggest difficulty is that a state sales tax will be stacked on top of municipal sales taxes, so the combined tax in communities that practice sales tax can become a heavy burden.

In addition, a sales tax may or may not generate significant revenues depending on the exemptions allowed, which becomes political.

Many people think that a modest personal income tax is a fair solution. The burden of the current recession has fallen primarily on low- and low-income Alaskans in service industries where there have been significant layoffs in 2020. Most middle- and upper-income Alaskan families have barely been affected.

In terms of effects on family well-being, a modest income tax seems fairer to me than a sales tax. Lots of arguments on this, however. I think it’s fair, but it’s just me.

High-income Alaskans wonder why they should be forced to pay larger dividends that primarily benefit lower-income Alaskans. It’s income redistribution, and some would call it socialism.

But isn’t the PFD itself socialism? Forget the “people own the oil” argument. The Alaska Statehood Act passed by Congress in 1959 makes it clear that oil is owned by the state for the benefit of the people. It’s the law. Legally, oil belongs to the state.

Where does it all leave us? In the confusion.

Governor Dunleavy, to his credit, came up with a plan and it would work. The Permanent Fund, now over $ 80 billion, continues to grow as well as its income, underlines the governor.

After a few years, the Fund’s revenues and the 5% annual levy for the budget will be high enough to support a higher dividend (the state’s legislative finance division estimates this could happen in 2029 or 2030).

If the dividend must be increased immediately (remember that 2022 is an election year), the governor proposes a mechanism to cover the deficit created by a higher PFD.

A temporary higher drawdown of more than 5% on the Fund’s earnings is his preferred option, although he recognizes a need for new income from sources yet to be identified.

Many lawmakers are fiercely opposed to any form of overdraft on the Fund’s earnings. Once one overdraft is made, critics say, it is too easy to make another and another, and soon the integrity of the Fund is compromised.

It also shows that Alaskans are not mature enough to follow a financial plan. One solution could be a gradual increase in the PFD until we can afford a bigger payout with higher income from the Permanent Fund.

But it could take eight or nine years. It also goes through several electoral cycles, of course.

Will the politicians have patience? I believe the public will be patient, because the big dividend at any cost crowd is really a small minority. I believe that most citizens have common sense and will accept the calculations and the reduced financial risk of a more gradual increase in the dividend.

But the big PFD crowd is loud and politicians are afraid of it. This is really the dilemma in the PFD and tax debate.

Lack of courage to make decisions.

Tim bradner is the editor of the Alaska Legislative Digest and the Alaska Economic Report.

The opinions expressed here are those of the author and are not necessarily endorsed by Anchorage Daily News, which welcomes a wide range of views. To submit an article for review, send an email comment (at) adn.com. Send submissions under 200 words to letters@adn.com Where click here to submit via any web browser. Read our full guidelines for letters and comments here.

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Trump’s pal Herschel Walker runs for Georgia Senate seat https://shaughnessyforcongress.com/trumps-pal-herschel-walker-runs-for-georgia-senate-seat/ https://shaughnessyforcongress.com/trumps-pal-herschel-walker-runs-for-georgia-senate-seat/#respond Tue, 24 Aug 2021 23:14:38 +0000 https://shaughnessyforcongress.com/trumps-pal-herschel-walker-runs-for-georgia-senate-seat/ By Jeff Amy | Associated Press ATLANTA – Herschel Walker filed papers on Tuesday to run for the U.S. Senate in Georgia after months of speculation, joining other Republicans seeking to overthrow Democratic Senator Raphael Warnock in 2022. Walker, 59, joined the race with great notoriety, having won the Heisman Trophy in 1982 as a […]]]>

By Jeff Amy | Associated Press

ATLANTA – Herschel Walker filed papers on Tuesday to run for the U.S. Senate in Georgia after months of speculation, joining other Republicans seeking to overthrow Democratic Senator Raphael Warnock in 2022.

Walker, 59, joined the race with great notoriety, having won the Heisman Trophy in 1982 as a University of Georgia running back. Perhaps more importantly in today’s Republican Party, he carries the support of former President Donald Trump.

Walker has never stood for election and will likely come under scrutiny for his turbulent personal history as well as his political positions. But if he comes out of the Republican primary, the Senate competition would feature two black men vying for a seat in the heart of the Deep South.

Walker remained silent on Tuesday, continuing a series of a few comments as he began to run for the Senate. He registered to vote last week, using an Atlanta residence owned by his wife, Julie Blanchard. Walker on Tuesday signed Federal Election Commission documents declaring his candidacy, allowing him to raise money for a Senate race.

Republicans already running for the Senate seat include state agriculture commissioner Gary Black, former banking executive and naval veteran Latham Saddler and entrepreneur Kelvin King. Some other potential GOP candidates might fail to stand with Walker’s entry into the race, including former Sen. Kelly Loeffler, who lost to Warnock in a special election in January, and U.S. Representative Buddy Carter, four-term congressman from near Savannah.

Walker and Trump’s relationship dates back to the 1980s, when Walker played for a Trump-owned team in the short-lived United States Football League. Walker, who went on to play 12 seasons in the NFL, expressed his support for Trump at the 2020 Republican National Convention and then attended Trump’s private birthday celebration.

Trump publicly encouraged Walker to enter the primary, telling a radio show in June that “he’s a great guy, he’s a patriot and he’s a very loyal person, he’s a very strong person. They love it in Georgia, I’m telling you.

With Trump as a “defining figure” in today’s GOP, University of Georgia political science professor Charles Bullock has said his support may be all Walker needs.

“If he tells them they have to come out and vote for Herschel Walker, that’s the strongest approval he can get,” Bullock said.

Walker’s supporters hope he can reach moderate Republicans and eliminate some traditional African Americans. But the support of the former president could be a handicap in a general election in a very divided Georgia, where a crucial fraction of the better-off GOP voters have defected in favor of Democrat Joe Biden.

“At the end of this long, discordant and costly struggle within the party, it will be clear that none of these candidates are focusing on the issues that matter most to Georgians,” said the spokesperson for the Democratic Party. from Georgia, Dan Gottlieb, in a statement.

Walker could share a Republican ticket with Governor Brian Kemp, a frequent target of Trump attacks, as Kemp seeks re-election. Trump vowed revenge on Kemp, saying he didn’t do enough to reverse Trump’s election defeat. It’s unclear whether this enmity would hurt Republicans’ chances, with Democrats possibly presenting a united ticket from Warnock and Stacey Abrams. Walker supported Kemp, an avid Georgia football fan, in Kemp’s 2018 victory over Abrams.

Warnock has already raised $ 10.5 million for the 2022 race but has played down Walker’s entry. He is now traveling the state to promote an employment program.

“And I heard there is a race next year,” Warnock told the Atlanta Press Club last week when asked about Walker.

Gary Black changed Walker for his long absence from Georgia, and did so again Tuesday in a video “welcoming” Walker to the run and daring him to come a Republican Party fry south of Macon on Saturday.

“I guess I always wanted an autograph,” said Black, holding a skated soccer ball. “But there are things that are much more important now – the future of our country, the future of our families.”

Walker lived outside of Dallas and made his first candidacy. Untested as a candidate, it’s unclear whether Walker will be a campaigner or a fundraiser, while also fleshing out his positions on political issues he’s never had to address in detail. Walker backed Trump’s baseless claims that he was cheated on re-election.

Walker also has a turbulent personal history that could be factored into a campaign.

A review of the Associated Press’s public records revealed detailed accusations that Walker repeatedly threatened the life of his ex-wife, Cindy Grossman, by telling relatives he would kill Grossman and her new boyfriend. Walker denied the charges, but a judge granted a protection order in 2005 and for a time banned Walker from owning firearms.

In 2008, Walker wrote a book that detailed his struggles with mental illness. He wrote that he had been diagnosed with Dissociative Identity Disorder, formerly known as Multiple Personality Disorder. He said he had built alternate personalities as a defense against the bullying he suffered as an overweight, stuttering child. Walker grew up in Wrightsville, 50 miles east of Macon.

Walker also wrote that he was playing Russian roulette with a gun at his kitchen table in 1991. Overall, Walker presented his story as a turnaround, claiming he had found a path to “l ‘integration’ through therapy and Christian faith.

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Taliban takeover raises fears of al-Qaida resurgence | World news https://shaughnessyforcongress.com/taliban-takeover-raises-fears-of-al-qaida-resurgence-world-news/ https://shaughnessyforcongress.com/taliban-takeover-raises-fears-of-al-qaida-resurgence-world-news/#respond Tue, 24 Aug 2021 05:38:18 +0000 https://shaughnessyforcongress.com/taliban-takeover-raises-fears-of-al-qaida-resurgence-world-news/ By ERIC TUCKER, Associated Press WASHINGTON (AP) – Lightning-quick changes in Afghanistan are forcing the Biden administration to face the prospect of a resurgence of Al-Qaeda, the group that attacked America on September 11, 2001, at the time where the United States is trying to stem violent extremism at home and cyber attacks from Russia […]]]>

By ERIC TUCKER, Associated Press

WASHINGTON (AP) – Lightning-quick changes in Afghanistan are forcing the Biden administration to face the prospect of a resurgence of Al-Qaeda, the group that attacked America on September 11, 2001, at the time where the United States is trying to stem violent extremism at home and cyber attacks from Russia and China.

With the rapid withdrawal of US forces and the rise of the Taliban in Afghanistan, “I think al-Qaida has an opportunity, and they are going to take advantage of that opportunity,” said Chris Costa, who was senior director of anti-war. terrorism in the Trump administration.

“It is a galvanizing event for jihadists around the world. “

Al-Qaida’s ranks have been drastically reduced by 20 years of war in Afghanistan, and it is far from clear that the group has the capacity in the near future to carry out catastrophic attacks against America such as the airstrikes. September 11, especially given how the United States has grown stronger over the past two decades through surveillance and other protective measures.

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But a June report from the UN Security Council said the group’s top leaders remained in Afghanistan, along with hundreds of armed agents. He noted that the Taliban, which housed al-Qaida fighters before the September 11 attacks, “remain close, based on friendship, a history of shared struggle, ideological sympathy and mixed marriages.”

Pentagon spokesman John Kirby admitted on Friday that Al-Qaida remained a presence in Afghanistan, although it is difficult to quantify it due to a reduced intelligence gathering capacity in the country and “because that it’s not like they’re carrying ID cards and registering somewhere ”.

Even inside the country, al-Qaida and the Taliban are just two of the pressing concerns over terrorism, as evidenced by unease over the potential for attacks by ISIS on Americans in Afghanistan which, in the over the weekend, forced the US military to develop new means of evacuation at Kabul airport. The Taliban and IS have fought in the past, but concern now is that Afghanistan could once again be a safe haven for multiple extremists bent on attacking the United States or other countries.

President Joe Biden has spoken repeatedly of what he calls a “capability on the horizon” that he says will allow the United States to monitor terrorist threats from afar. His national security adviser, Jake Sullivan, told reporters Monday that Biden has made it clear that counterterrorism capabilities have evolved to the point where the threat can be suppressed without a strong presence on the ground. He said the intelligence community does not believe Al-Qaida currently has the capacity to attack the United States.

The United States also predicts that tighter airport screening and more sophisticated surveillance may be more effective than 20 years ago in thwarting an attack. But experts fear that the intelligence-gathering capabilities needed as an early warning system against an attack will be negatively affected by the troop withdrawal.

An additional complication is the sheer volume of pressing national security threats that overshadow what the US government faced prior to the 9/11 attacks. These include sophisticated cyber operations from China and Russia that can cripple critical infrastructure or steal sensitive secrets, Iran’s nuclear ambitions, and a rising national terrorist threat exposed by the Jan.6 insurgency on Capitol Hill.

FBI Director Chris Wray described the local threat as “metastatic,” with the number of arrests of white supremacists and racially motivated extremists having nearly tripled since his first year on the job.

“My concern is that you can’t compare 2001 to today,” said Bruce Hoffman, a terrorism expert at Georgetown University. There is a “much larger and better organized bureaucracy,” he said, but it is loaded with demands that are not specifically related to terrorism.

Hoffman said that while he did not believe that Al-Qaida would be able to quickly use Afghanistan as a launching pad for attacks against the United States, he could reestablish “its coordination function” in the region to work with and encourage strikes by its affiliates. – a patient strategy which can still be justified.

“Terrorist groups don’t follow train or flight schedules,” Hoffman said. “They do things when it suits them and, as al-Qaida did, they quietly lay the foundation in the hope that that foundation will eventually affect or determine their success.”

The concern is high enough that officials in the Biden administration told Congress last week that, based on developments, they now believe terrorist groups like al-Qaida could grow a lot. faster than expected. In June, top Pentagon leaders said an extremist group like al-Qaida may be able to regenerate in Afghanistan and pose a threat to the American homeland within two years of the U.S. military withdrawing.

The September 11 attacks made Al-Qaida the most internationally recognized terrorist group, but in the last decade or so, the most powerful threat inside the United States has come from individuals inspired by Islamic State, resulting in deadly massacres like those in San Bernardino, California and Orlando.

But al-Qaida has barely disappeared. U.S. authorities alleged last year that a Saudi gunman who killed three U.S. sailors at a military base in Florida in 2019 communicated with Al-Qaida operatives about the planning and tactics. Last December, the Justice Department accused a Kenyan of attempting to stage a September 11-type attack on the United States on behalf of the al-Shabab terrorist organization, which is linked to al-Qaida.

Now it is possible that other extremists will find themselves inspired by al-Qaida, even if they are not led by it.

“Until recently, I would have said that the threat from the Al-Qaida core is quite modest. They had no refuge in Afghanistan, their senior leaders were scattered, “said Nathan Sales, former counterterrorism coordinator at the State Department.

But, now that the Taliban has regained control, “all of that could change and could change very quickly.”

Follow Eric Tucker on Twitter at http://www.twitter.com/etuckerAP

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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