Wednesday, November 03, 2010

Asked If Untaxed Corporations Like Exxon Are Taxed Too Much, Tea Party Leaders Say Yes

By Lee Fang

This morning at the National Press Club, leaders from the Tea Party Patriots, an umbrella group that helps coordinate Tea Party chapters around the country, held a press conference to celebrate the results of the election last night. During the press conference, Tea Party Patriots officers Mark Meckler and Jenny Beth Martin announced a “40 year plan” to shift America’s educational system, fiscal priorities, culture, and values.

ThinkProgress attended the presser and asked the Tea Party leaders about some of their top priorities, namely taxes and repealing President Obama’s reforms. Presented with the fact that some of the most profitable American corporations in the world, like ExxonMobil and Bank of America, paid essentially zero corporate income taxes in 2009, we asked Meckler if he believed corporations are indeed “taxed enough already?” Meckler responded that he still believed in a tax-cutting agenda, and suggested that corporations even deserve a tax holiday. Similarly, we asked Martin about Rep. Eric Cantor’s (R-VA) pledge last night to defund the historic financial regulatory reform passed by President Obama to shore up Wall Street. She said she had “no idea” what to think about that, and said her 280,000 strong membership had never substantially commented to her about Obama’s Wall Street reforms:

TP: I know they say the “tea” stands for “taxed enough already.” Last year in 2009, ExxonMobil paid nothing in corporate income taxes. Some of the most profitable corporations like Bank of America also paid nothing, Googled paid I believe 2%. Do you believe those are appropriate tax rates?

MECKLER: You know I can’t address tax rates, but what I can tell you is that the American people will respond to things like that. [...] We’ve been suggesting a corporate tax holiday to allow these companies to come in and create jobs. [...]

TP: Last night, Congressman Eric Cantor — possibly incoming Majority Leader — said that one of the first things Republicans should do with their new Tea Party-backed majority is to defund financial regulatory reform. What do you think about that?

MARTIN: I have no idea. [...] I can’t speak personally about how I feel about it. My job is to reflect the grassroots. [...]

TP: Have you heard a lot of feedback about Wall Street reform? How do your members feel about that?

MARTIN: We’ve had a little bit of feedback on that, we haven’t had a lot. We’re bringing in policy experts to come in to talk to them about various positions. I have heard, and have had people ask about having someone come in and talk about Wall Street reform. I believe that’s one of the things we’re going to add to our list of topics.

Watch it:

The “Tea Party” leaders’ lack of concrete ideas on financial reform, and their defense of untaxed international corporations, might seem to violate the ideals of the actual Boston Tea Party, which was a protest against the East India Trading company and its use of the British government to retain a monopolistic, undemocratic control over the American colonies.

However, considering the true political drivers of the Tea Party Patriots, their support of the wealthy elite makes perfect sense. For instance, the Tea Party Patriots listserv, which helped orchestrate many of the anti-health reform protests last year, is managed by staffers from FreedomWorks — the corporate front group run by longtime business lobbyist Dick Armey. Many of the talking points and speakers used by the Tea Party Patriots are provided by corporate front groups like Americans for Prosperity, a front for oil and hedge fund billionaires David and Charles Koch. Free training seminars and online tutorials for grassroots organizing were provided to the Tea Party Patriots by the Leadership Institute, which is funded by the Koch family as well as by other corporate interests, like the DeVos family of the pyramid-scheme company Amway. A mysterious donor even granted Tea Party Patriots with an additional $1 million for increased election-season outreach.

In fact, much of the Tea Party Patriot’s press conference was eclipsed by an announcement by Colin Hanna, leader of the front group “Let Freedom Ring” (funded by John Templeton Jr., an heir to a large Wall Street fortune). Hanna announced that his group had secretly worked with the Tea Party Patriots to place an unprecedented number of “poll watchers” in key precincts around the country to guard against voter fraud (view the handout here).

REPORT: Meet The 2010 GOP Freshman Class

By Scott Keyes Following last night’s election, over 100 freshmen Republicans will take their seats in the 112th Congress. These GOPers come from disparate backgrounds, but they are united by their adherence to the extreme wing of conservative ideology.

A new ThinkProgress investigation has found that the incoming GOP freshman class is rife with legislators who not only oppose climate change legislation, but deny that manmade global warming even exists. They are pushing not just to end birthright citizenship, but also demand that the United States reduce the number of legal immigrants.

Here is a snapshot of the GOP Class of 2010’s extremism:

ENVIRONMENT

- 50% deny the existence of manmade climate change - 86% are opposed to any climate change legislation that increases government revenue

IMMIGRATION

- 39% have already declared their intention to end the 14th Amendment’s guarantee of birthright citizenship - 32% want to reduce legal immigration

TAXES/SPENDING

- 91% have sworn to never allow an income tax increase on any individual or business – regardless of deficits or war - 79% have pledged to permanently repeal the estate tax - 48% are pushing for a balanced budget amendment

This is where individual incoming GOP freshmen stand on each issue:

Key
GW: Global warming denier CC: No climate change legislation
BC: End birthright citizenship RI: Reduce legal immigration
TP: No tax increase pledge ET: Repeal estate tax
BB: Balanced budget amendment
Martha Roby (AL-02) CC TP ET Mo Brooks (AL-05) GW CC TP ET
Joe Miller* (AK-SEN) GW CC TP ET BB Paul Gosar (AZ-01) CC BC RI TP
Ben Quayle (AZ-03) GW CC BC TP ET David Schweikert (AZ-05) CC BC RI TP ET BB
Ruth McClung* (AZ-07) GW CC ET BB Jesse Kelly* (AZ-08) GW CC BC RI TP ET BB
Rick Crawford (AR-01) CC TP ET Tim Griffin (AR-02) CC BC RI TP ET
Steve Womack (AR-03) CC BC RI TP John Boozman (AR-SEN) GW CC BC RI TP ET BB
David Harmer* (CA-11) GW CC TP ET Jeff Denham (CA-19) GW CC TP
Andy Vidak (CA-20) GW TP ET Scott Tipton (CO-03) CC TP ET
Cory Gardner (CO-04) GW CC TP BB Steve Southerland (FL-02) CC BC RI TP ET BB
Rich Nugent (FL-05) CC BC RI TP ET BB Daniel Webster (FL-08) CC BC RI TP ET
Dennis Ross (FL-12) CC BC RI TP ET BB Allen West (FL-22) GW BC RI ET
Sandy Adams (FL-24) CC BC RI TP ET BB David Rivera (FL-25) CC TP ET
Marco Rubio (FL-SEN) GW CC TP ET BB Rob Woodall (GA-07) BC RI
Austin Scott (GA-08) CC BC RI TP ET Raul Labrador (ID-01) CC RI TP ET BB
Joe Walsh* (IL-08) GW CC TP BB Robert Dold (IL-10) GW CC TP
Adam Kinzinger (IL-11) CC TP Randy Hultgren (IL-14) GW CC TP ET BB
Bobby Schilling (IL-17) GW CC BC TP ET BB Mark Kirk (IL-SEN) CC
Marlin Stutzman (IN-03) CC TP ET BB Todd Rokita (IN-04) GW CC TP ET
Larry Bucshon (IN-08) GW CC TP ET BB Todd Young (IN-09) GW CC TP BB
Dan Coats (IN-SEN) GW CC TP ET BB Tim Huelskamp (KS-01) GW CC BC RI TP ET
Kevin Yoder (KS-03) ET Mike Pompeo (KS-04) CC TP ET
Jerry Moran (KS-SEN) GW CC BC RI TP Rand Paul (KY-SEN) GW CC BC TP ET BB
Jeff Landry (LA-03) CC TP BB Andy Harris (MD-01) CC BC RI TP ET BB
Dan Benishek (MI-01) CC BC RI TP ET BB Bill Huizenga (MI-02) GW CC TP ET
Justin Amash (MI-03) CC TP ET BB Tim Walberg (MI-07) GW CC BC RI TP ET BB
Chip Cravaack (MN-08) GW TP ET BB
Vicky Hartzler (MO-04) GW CC BC TP ET Billy Long (MO-07) CC ET
Roy Blunt (MO-SEN) GW CC BC RI TP ET Alan Nunnelee (MS-01) CC BC RI TP ET BB
Steven Palazzo (MS-04) CC BC RI TP ET BB Renee Ellmers (NC-02) TP ET BB
Rick Berg (ND-AL) CC TP ET John Hoeven (ND-SEN) GW
Frank Guinta (NH-01) CC TP ET BB Charlie Bass (NH-02) GW CC BC TP
Kelly Ayotte (NH-SEN) GW CC TP ET BB Jon Runyan (NJ-03) CC ET BB
Joe Heck (NV-03) CC BC RI TP ET Steve Pearce (NM-02) GW CC BC TP ET
Mike Grimm (NY-13) GW CC TP ET BB Nan Hayworth (NY-19) GW CC TP ET BB
Chris Gibson (NY-20) CC TP Richard Hanna (NY-24) ET
Anne Marie Buerkle* (NY-25) GW CC TP ET BB Tom Reed (NY-29) CC TP ET
Steve Chabot (OH-01) GW CC TP ET BB Bill Johnson (OH-06) CC TP ET
Steve Stivers (OH-15) GW CC TP ET Jim Renacci (OH-16) CC TP ET BB
Bob Gibbs (OH-18) GW CC BC RI TP ET BB Rob Portman (OH-SEN) TP
James Lankford (OK-05) GW CC BC TP ET Mike Kelly (PA-03) CC TP ET
Pat Meehan (PA-07) CC TP ET Mike Fitzpatrick (PA-08) CC TP ET
Tom Marino (PA-10) CC BC RI TPET BB Lou Barletta (PA-11) CC BC RI TPET
Pat Toomey (PA-SEN) GW TPET Tim Scott (SC-01) CC TPET BB
Jeff Duncan (SC-03) BC RI TP Trey Gowdy (SC-04) GW CC TP ET BB
Mick Mulvaney (SC-05) GW CC TP ET BB Kristi Noem (SD-AL) GW CC TP ET
Chuck Fleischman (TN-03) BC RI TP ET Scott DesJarlais (TN-04) CC BC RI TP ET BB
Diane Black (TN-06) GW CC BC RI TP ET Stephen Fincher (TN-08) CC TP ET
Bill Flores (TX-17) CC BC RI TP ET BB Francisco Canseco (TX-23) CC TP
Blake Farenthold (TX-27) GW BB Mike Lee (UT-SEN) CC BC TP ET BB
Scott Rigell (VA-02) GW CC BC RI TP Robert Hurt (VA-05) GW CC TP ET
Morgan Griffith (VA-09) GW CC TP ET Keith Fimian* (VA-11) GW CC TP ET BB
John Koster* (WA-02) GW CC BC RI TP ET BB Jamie Herrera (WA-03) CC TP ET
Dick Muri* (WA-09) GW TP BB Dino Rossi* (WA-SEN) GW TP ET BB
Sean Duffy (WI-07) CC TP ET Reid Ribble (WI-08) CC TP ET
Ron Johnson (WI-SEN) GW CC TP ET BB David McKinley (WV-01) GW CC BC RI TP ET BB

*- These races are currently too close to call.

House Republicans Still Can’t Name Any Programs They Would Cut To Pay For Bush Tax Cuts

By Pat Garofalo

During this campaign season, many Republicans were loathe to lay out any spending cuts that they would make in order to offset their desire to extend all of the Bush tax cuts. Extending the entirety of the Bush tax package would cost nearly $4 trillion over ten years, including about $830 billion to extend the cuts for the richest two percent of Americans alone. House Republicans, though — including Pledge to America architect Rep. Kevin McCarthy (R-CA) — simply said that they would cut discretionary spending across-the-board to offset that cost. “The line item would be across-the-board,” McCarthy asserted.

Even though election night was upon them and a new majority secured, House Republicans weren’t any more willing to lay out specific spending cuts last night. Rep. Marsha Blackburn (R-TN) told MSNBC’s Chris Matthews that the most important thing that Congress can do is extend the Bush tax cuts. But when Matthews pressed her for spending reductions, Blackburn only named parts of the budget that she has deemed off-limits for cuts. Rep. Eric Cantor (R-VA) did the same, refusing to name a specific cut in two separate interviews. Watch a compilation:

Contrary to one of Blackburn’s assertions, defense spending is part of the discretionary budget. The Sustainable Task Force — composed of Rep. Barney Frank (D-MA) and some of the nation’s leading defense and budget experts — has identified nearly $1 trillion in waste that can be cut from the defense budget over the next ten years by simply eliminating unnecessary Cold War-era programs.

Blackburn and Cantor seem to be under the impression that there is nothing that matters in the non-defense discretionary portion of the budget. But that portion of the budget includes all federal education funding, some veteran’s benefits, the FBI, the Drug Enforcement Administration, Immigration and Customs Enforcement, the Secret Service, federal highway funding, the National Park Service, the Coast Guard, and Congress itself.

Will House Republicans be reducing all of those across-the-board? It isn’t likely, which means that that they will have to make even deeper cuts to some programs to achieve their desired savings. Of course, they could just be confirming that they agree with Sen. Mitch McConnell’s pronouncement that giving tax breaks to the rich is deficit spending that Republicans support!

See The Wonk Room for a list of potential progressive spending cuts that could be made.

Chamber’s Money Well Spent: 63 Percent of Races Won; 20 Incumbent Democrats Defeated

By Tony Carrk

For months, Think Progress has been chronicling the “U.S.” Chamber of Commerce’s $75 million campaign to put its interests over working- and middle-class families. It uses its substantial war chest to protect companies that outsource, oppose health reform, oppose Wall Street reform, and oppose clean energy. The Chamber will not disclose who is financing this campaign, fearing a public backlash. But we know the results: The 112th Congress will have more members to protect its pro-outsourcing, anti-middle class agenda.

So far, the Chamber’s spending contributed to the defeat of 20 incumbent Democrats. In all, the Chamber spent $31.8 million on ads or independent expenditures in 62 races. Six of those races are too close to call as of this afternoon. Of the remaining 57, the Chamber’s candidate won 36 of them — or 63 percent. The cost of those 36 wins: nearly $17 million.

Here is a list of races the Chamber won:

Race Total Chamber Position Chamber Win/Lose?
New York’s 24th district $25,712 Oppose Arcuri (D)* Win
Ohio’s 18th district $45,415 Oppose Space (D)* Win
Georgia’s 12th district $78,558 Support Barrow (D) Win
Wisconsin’s 8th district $89,418 Oppose Kagen (D)* Win
Florida’s 25th district $99,310 Oppose Garcia (D) Win
Illinois’s 14th district $99,952 Oppose Foster (D)* Win
Oklahoma’s 2nd district $135,799 Supporting Boren (D) Win
Pennsylvania’s 7th district $146,680 Oppose Lentz (D) Win
New Hampshire’s 1st district $148,640 Oppose Shea-Porter (D)* Win
New Hampshire’s 2nd district $149,380 Oppose Kuster (D) Win
Washington’s 3rd district $149,540 Oppose Dennis Heck (D) Win
Pennsylvania’s 8th district $170,000 Oppose P. Murphy (D)* Win
Kansas’s 3rd district $172,864 Oppose Moore (D) Win
Utah’s 2nd district $180,308 Support J. Matheson (D) Win
New York’s 19th district $192,206 Oppose Hall (D)* Win
Arkansas’s 4th district $223,148 Support Ross (D) Win
New Mexico’s 2nd district $239,739 Oppose Teague (D)* Win
Pennsylvania’s 3rd district $248,500 Oppose Dahlkemper (D)* Win
Colorado’s 4th district $250,000 Oppose B. Markey (D)* Win
Indiana Senate $250,000 Oppose Ellsworth (D)** Win
Florida’s 24th district $250,000 Oppose Kosmas (D)* Win
Ohio’s 15th district $261,735 Oppose Kilroy (D)* Win
Wisconsin’s 7th district $266,593 Oppose Lassa (D) Win
North Dakota’s 1st district $273,525 Oppose Pomeroy (D)* Win
Illinois’s 11th district $300,000 Oppose Halvorson (D)* Win
Pennsylvania’s 10th district $398,365 Oppose Carney (D)* Win
Ohio’s 16th district $421,315 Oppose Boccieri (D)* Win
Virginia’s 5th district $442,765 Oppose Perriello (D)* Win
Nevada’s 3rd district $449,850 Oppose Titus (D)* Win
Wisconsin Senate $748,300 Oppose Feingold (D)* Win
Missouri Senate $1,110,461 Oppose Carnahan (D) Win
Kentucky Senate $1,254,010 Oppose Conway (D) Win
Illinois Senate $1,682,856 Oppose Giannoulis (D) Win
Pennsylvania Senate $1,692,056 Oppose Sestak (D)** Win
Florida Senate $2,000,000 Oppose Crist (I) Win
New Hampshire Senate $2,324,730 Oppose Hodes (D)* Win
Total $16,971,730
* – Incumbent ** – Running for Senate

On the flip side, the Chamber spent $11.4 million on races it lost. However, that figure is deceptive since nearly $5 million of that amount went to unsuccessfully defeat Sen. Barbara Boxer (D-CA).

Tuesday, November 02, 2010

GOP projected to win House, 237 to 198

Local update: Virg Bernero loses to Made in China. Jocelyn Benson loses to Ruth Johnson. David Leyton loses to whoever the douche he was running against.

Monday, November 01, 2010

Breitbart says ABC invited him to appear on broadcast television

by Jeremy Schulman

Andrew Breitbart has released what he says is an email contradicting ABC News' assertion that the network never planned to include him in its televised Election Night coverage.

On Friday, Breitbart's Big Journalism website reported that Breitbart would be "featured" on ABC's "election night coverage." According to Big Journalism, Breitbart would be "bringing analysis live from Arizona."

Several hours later, ABC spokesman David Ford confirmed to Media Matters that Breitbart "will be one of many voices on our air."

After receiving heavy criticism, ABC released a statement Saturday purporting to "explain what Mr. Breitbart's role has always been as one of our guests at our digital town hall event" [emphasis added]. According to the ABC statement, "Breitbart will not be a part of the ABC News broadcast coverage" and will instead "engage with a live, studio audience that will be closely following the election results and participating in an online-only discussion and debate."

But on Sunday night, Breitbart insisted that wasn't the original deal. Breitbart wrote, "I can state with absolute certainty that the verbal pitch to me to participate was punctuated by the opportunity to appear as part of ABC News' broadcast television for the night. I was also aware that the majority of my participation -- seven long hours -- would be online."

Similarly, Breitbart told The Daily Caller that "they originally pitched to me that I was going to do a hybrid of both online and broadcast."

Breitbart also posted what he described as an "email from ABC confirming their invitation for me to participate in their online and network broadcast election night coverage." It reads, in part:

This program will broadcast on the ABC Television Network, abcnews.com, ABC News Now, and ABC News Radio.

The show will be live on the web and ABC News Now as well as on the network from 4:00pm till 11:00pm MST.

We would love for you to be a part of our program, and please let us know what we can do to accommodate your needs.

It is, of course, possible that Breitbart is misrepresenting his communications with ABC. He does have a clear history of making false allegations.

But at this point, ABC owes its viewers an explanation. If Breitbart is lying, ABC needs to say so now.

UPDATE: And ABC News has now responded, telling The Washington Post's Greg Sargent that Breitbart is wrong about the meaning of the email Breitbart posted:

In a statement sent my way, ABC spokesman Jeffrey Schneider hit back. "Any confusion about Breitbart's role is of his own making," he said. "A simple reading of the email he posted makes it quite clear that he had only ever been invited to be a guest on our online town hall."

Sargent adds that "[o]ne of the emails Breitbart posted does suggest that the town hall he was invited to participate in is supposed to be broadcast on the air." Sargent says that ABC subsequently sent him the following statement:

To be clear, the digital town hall may be excerpted during the broadcast. But the only people you'll be hearing from live on the air will be David Muir, the anchor, and Randi Zuckerberg of Facebook, who will share with viewers some of the insights of that digital town hall. That has been our plan from the start.

Divided We Fail

By PAUL KRUGMAN

Barring a huge upset, Republicans will take control of at least one house of Congress next week. How worried should we be by that prospect?

Not very, say some pundits. After all, the last time Republicans controlled Congress while a Democrat lived in the White House was the period from the beginning of 1995 to the end of 2000. And people remember that era as a good time, a time of rapid job creation and responsible budgets. Can we hope for a similar experience now?

No, we can’t. This is going to be terrible. In fact, future historians will probably look back at the 2010 election as a catastrophe for America, one that condemned the nation to years of political chaos and economic weakness.

Start with the politics.

In the late-1990s, Republicans and Democrats were able to work together on some issues. President Obama seems to believe that the same thing can happen again today. In a recent interview with National Journal, he sounded a conciliatory note, saying that Democrats need to have an “appropriate sense of humility,” and that he would “spend more time building consensus.” Good luck with that.

After all, that era of partial cooperation in the 1990s came only after Republicans had tried all-out confrontation, actually shutting down the federal government in an effort to force President Bill Clinton to give in to their demands for big cuts in Medicare.

Now, the government shutdown ended up hurting Republicans politically, and some observers seem to assume that memories of that experience will deter the G.O.P. from being too confrontational this time around. But the lesson current Republicans seem to have drawn from 1995 isn’t that they were too confrontational, it’s that they weren’t confrontational enough.

Another recent interview by National Journal, this one with Mitch McConnell, the Senate minority leader, has received a lot of attention thanks to a headline-grabbing quote: “The single most important thing we want to achieve is for President Obama to be a one-term president.”

If you read the full interview, what Mr. McConnell was saying was that, in 1995, Republicans erred by focusing too much on their policy agenda and not enough on destroying the president: “We suffered from some degree of hubris and acted as if the president was irrelevant and we would roll over him. By the summer of 1995, he was already on the way to being re-elected, and we were hanging on for our lives.” So this time around, he implied, they’ll stay focused on bringing down Mr. Obama.

True, Mr. McConnell did say that he might be willing to work with Mr. Obama in certain circumstances — namely, if he’s willing to do a “Clintonian back flip,” taking positions that would find more support among Republicans than in his own party. Of course, this would actually hurt Mr. Obama’s chances of re-election — but that’s the point.

We might add that should any Republicans in Congress find themselves considering the possibility of acting in a statesmanlike, bipartisan manner, they’ll surely reconsider after looking over their shoulder at the Tea Party-types, who will jump on them if they show any signs of being reasonable. The role of the Tea Party is one reason smart observers expect another government shutdown, probably as early as next spring.

Beyond the politics, the crucial difference between the 1990s and now is the state of the economy.

When Republicans took control of Congress in 1994, the U.S. economy had strong fundamentals. Household debt was much lower than it is today. Business investment was surging, in large part thanks to the new opportunities created by information technology — opportunities that were much broader than the follies of the dot-com bubble.

In this favorable environment, economic management was mainly a matter of putting the brakes on the boom, so as to keep the economy from overheating and head off potential inflation. And this was a job the Federal Reserve could do on its own by raising interest rates, without any help from Congress.

Today’s situation is completely different. The economy, weighed down by the debt that households ran up during the Bush-era bubble, is in dire straits; deflation, not inflation, is the clear and present danger. And it’s not at all clear that the Fed has the tools to head off this danger. Right now we very much need active policies on the part of the federal government to get us out of our economic trap.

But we won’t get those policies if Republicans control the House. In fact, if they get their way, we’ll get the worst of both worlds: They’ll refuse to do anything to boost the economy now, claiming to be worried about the deficit, while simultaneously increasing long-run deficits with irresponsible tax cuts — cuts they have already announced won’t have to be offset with spending cuts.

So if the elections go as expected next week, here’s my advice: Be afraid. Be very afraid.

Fox Business attacks measure that would repeal News Corp’s massive tax loophole

By Eric W. Dolan The Fox Business Network ran a negative report on a California ballot initiative that its parent company, Rupert Murdoch's News Corporation, has spent over a million dollars to defeat, according to New York Times.

As part of an ongoing report entitled "The War on Business," Fox business correspondent Adam Shapiro repeatedly stated that Proposition 24, also known as the Tax Fairness Act, could drive small businesses out of California.

His five hour report took place at a furniture manufacturing facility in Gardena, California where he interviewed owner Ben Nielsen, who was also interviewed by the group "No on 24."

If passed, Proposition 24 would repeal $1.7 billion in corporate tax breaks passed in late 2008.

Those supporting the repeal of the corporate tax breaks claim it is draining state revenue while those in favor of the tax breaks say it allows employers to expand their business.

Fox interviewed no one supporting Proposition 24, according to the Times report.

"The state government estimates that if [the legislation] went into effect, the short run cost would be $700 million in reduced tax collections," Charles Swenson, professor at the Marshall School of Business, told the Daily Trojan. "However, in the long run, it would attract more businesses to California, creating more jobs and expanding the tax base."

"By 2014, after the breaks take hold, corporations would only account for 9.4 percent of tax collections," counters David A. Sanchez, President of the California Teacher Association. "To say this would hurt businesses is misleading, because 98 percent of California’s businesses — especially small businesses — would get virtually no benefit from the tax breaks. These tax breaks unfairly benefit less than 2 percent of California’s businesses, and they are the state’s wealthiest multistate and multinational corporations."

The proposition comes during an election season where California faces a $19 billion budget deficit.

Tracy Byrnes, an anchor for the Fox Business report, said that the proposition "was setting up businesses to be destroyed, quite frankly."

News Corporation, Fox Business Network's parent company, has donated nearly $1.3 million to groups opposing the proposition.

News Corporation is one of ten corporations that have donated over a million dollars to defeat Proposition 24. The other corporations are the Walt Disney Company, Time Warner, Viacom, CBS, General Electric, NBC, Cisco, Genentech and Qualcomm.

The report by Fox Business did not disclose News Corporation's donations or include interviews of supporters of the proposition, such as the California Teacher Association.

Kevin Magee, executive vice president at Fox Business, told the New York Times he did not know of his parent company's donation, but claims if he had known of it beforehand, he would have made sure it was disclosed.

"There's a trust between you and your audience, no matter what the medium is," Kevin Z. Smith, former president of the Society of Professional Journalists told the New York Times. "Not disclosing conflicts, to me, severely undermines your credibility."

‘Kill Some Crackers’: GOP Group Pays Fox Affiliates To Influence Election With Anti-Obama Propaganda

By Brad Johnson

Several Fox television stations and one ABC affiliate in key battleground states are running a Republican front group’s anti-Obama propaganda as paid programming in the final days leading up to the election. The National Republican Trust PAC, run by conservative conspiracy theorist Scott Wheeler, has purchased airtime in Kentucky, Pennsylvania, Iowa, Wisconsin, and North Carolina to broadcast its 25-minute “Breaking Point” political attack ad, starting last Friday. Using clips from Townhall.com, World Net Daily, Fox Business, CNSNews.com, and Glenn Beck, narrator E. W. Jackson invokes the boogeymen of ACORN, Rev. Jeremiah Wright, the New Black Panther Party, Hamas, and Mao Tse-Tung to paint President Obama and the Democratic Party as “extreme,” “treacherous,” “socialist,” and “with hostility” towards America:

“The mainstream media… should have demanded how exactly he intended to govern outside the bounds of the Constitution.”

“The phrases ‘spread the wealth around’ may sound harmless to some. To others it was a clear invitation to adopt the destructive ideology of leftist revolutionaries. Among the public and the media, it should have ignited debate over Obama’s intentions, like: Whose wealth is to be spread around? Who would be the beneficiaries of the money Obama planned to confiscate? It wasn’t the only time that Obama displayed tendencies that some labeled socialist.”

“President Obama’s words and actions seem clear: He does not view America with an America-centric perspective, but with an outsider’s point of view, often with hostility.”

“The goodwill Obama and other Democrats always shower on those hostile towards America never seems to extend to fellow countrymen here at home.”

“During his presidential election, he wound up with a record-shattering $750 million in his campaign. To this day he refuses to report from whence it came. One reason might be that some of it originated from the terrorist group Hamas, which also endorsed Obama.”

“Obama’s science czar, John Holdren, has publicly advocated that trees be allowed to sue us in court, that we should engage in drastic population control by implementing forced abortions and sterilization, and that we should design a global regime to redistribute wealth.”

“During the 2008 campaign, President Obama pretended to turn his back on some extremists from his past. ‘You want freedom? You’re gonna have to kill some crackers! You gonna have to kill some of those babies!’”

“Van Jones, self-avowed and unabashed Communist, was appointed to the position of green jobs czar. He held that position until his controversial views led to his resignation. Jones believed the September 11 attacks were staged by the U.S. government.”

“By circumnavigating confirmation hearings, and instead appointing these people to powerful positions within our government, Obama and the Democrats are admitting their views are far too extreme for Americans to accept, so they do it by fiat.”

In addition to the false attacks on Obama advisers Van Jones and John Holdren, the propaganda film also repeats smears against Obama staff Anita Dunn, Kevin Jennings, Carol Browner, and Cass Sunstein. It makes the flat-out false claims that Fannie Mae and Freddie Mac “caused the entire home mortgage industry crisis,” that health care reform would allow the “government to take over one-fifth of the U.S. economy,” and that there is a “growing number of scientific scandals” that are “further discrediting manmade global warming claims.” When not playing inflammatory clips of angry black people, the ad also comes to defense of the billionaire Koch brothers who fund the Americans for Prosperity, claiming “Obama has repeatedly attacked a group of private citizens simply because they wanted their voices heard.”

The video explicitly encourages citizens to vote against the Democratic Party. “As if to validate the very need for a citizens revolt, the establishment responded by alienating, undermining, and attacking their own voters,” the paid program electioneers, also mentioning the “midterm elections” and people “going to vote on November 2nd” in the context of defeating Democrats. In a video following the smear piece, Scott Wheeler promotes the National Republican Trust’s efforts:

An exclusive ThinkProgress survey has found that this fear-mongering political advertisement has been broadcast on at least the following local stations — one ABC and five Fox affiliates — in order to affect the results of the upcoming election:

– Fox 47 WMSN, Madison, WI 11/1 7 AM – Fox 23 KBSI, Paducah, KY 10/31 10:30 AM – Fox 56 WDKY, Lexington, KY 10/31 8:30 AM – Fox 53 WPGH, Pittsburgh, PA 10/29 8 AM – Fox 17 KDSM, Des Moines, IA 10/29 6:30 AM; 10/27 6 AM – ABC 45 WXLV, Greensboro, NC 10/29 6 AM

The National Republican Trust is supported by prominent conservatives such as action star Chuck Norris, billionaire Roger Milliken, Panduit CEO Jack Caveney, Johns Hopkins University trustee David P. Nolan, and oil executives Terrence Jacobs and Jean Angle.

It is unclear if National Republican Trust coordinates with the Republican Party or other conservative groups. Marc Morano, a Swift-Boat operative who has helped coordinate the Heritage Foundation, Republican lawmakers, and polluter lobbyists, is one of the registered agents for the National Republican Trust. The organization is registered to a UPS drop box on M Street in Washington DC.

Steele: There’s ‘Some Truth’ In The Claim That GOP Midterm Gains Are ‘Not A Validation’ Of Republicans

By Ben Armbruster

In an interview with the New York Times published today, former Florida governor Jeb Bush (R) suggested that any gains Republicans make in Congress as a result of tomorrow’s midterm elections won’t have much to do with the GOP. “The looming victories for Republican candidates next Tuesday is not a validation of the Republican Party at all,” he said.

When host George Stephanopoulos asked RNC chair Michael Steele on ABC’s Good Morning America today whether Bush’s analysis is correct, Steele responded affirmatively:

STEPHANOPOULOS: Even Jeb Bush, son of the former president, had a pretty startling comment in the New York Times this morning. He said “tomorrow’s results will not be a validation of the Republican party at all.” Is he right?

STEELE: I think there’s some degree of truth to that. … I think there is a degree of truth to that. I think the American people right now are much more skeptical of the direction that the President and Mrs. Pelosi and Mr. Reid are taking the country but they also have some concerns about the direction that Republicans will then lead when we take control of the Congress in 2011.

Watch it:

Steele’s view has been affirmed by GOP leadership. Senate Minority Leader Mitch McConnell (R-KY) — who said last week that his goal for the next Congress is to defeat President Obama in 2012 — noted today that Republicans “need to view this [election] with humility and gratitude. This is not about us…there is no poll data showing the public is in love with us.”

Indeed, the staggering economy appears to be the GOP’s best friend this election cycle because the Party is not only bereft of any new ideas but offers no real solutions for the country’s economic problems. Republicans have campaigned on cutting spending and reducing the deficit but can’t identify any specific spending that should be cut. They want to give costly tax breaks for the rich without offering any idea of how to pay for them or denying that they even have to be offset. Instead, when asked how they would fix the economy and create jobs, many GOPers simply retreat to the Party mantra: “tax cuts.”

M.C.L Comment: I know the media pundits are predicting doom and gloom for the Democrats say they're right the Tea Party inc. wins back the house and here in Michigan Ricky "Made in China" Snyder wins the governorship yeah I know you hate that image but here's the bright side of them winning the Republicans and their allies in the media can no longer be the spoil little brats shooting spitballs and crying about what the Democrats are doing.

In two years Speaker Orange Boner has to defend the do nothing Republican house record to a larger voting electorate not just the old, white and low information Republican voter that shows up during the mid-term elections and in four years here in Michigan Nolan Finely and the right leaning Detroit News editorial boards and blogs like "Motor City Times, Republican Michigander and The Blog Prof have to defend Rick Snyder's cuts to state workers and programs people in this state depend on.

And in the end the so called Republican tidal wave will look like a really bad thunder storm where those Republicans who won congressional seats in 2010 will be looking for jobs in 2013 because outside that older white voter who else does these people appeal to? As for Snyder like I said how can Snyder and his supporters defend cutting state workers pay and cuts to social programs?