With the across-the-board cuts in the federal budget sequester set to go into effect starting Friday, the White House is releasing a series of fact sheets outlining exactly how hard the cuts would hit state economies.
The "sequestration" cuts to domestic and defense programs still loom in the not-to-distant future. The latest noises from Washington, D.C. are that, thanks to conservative opposition to including additional revenues, the draconian cuts may very well come into effect on March 1st. Here's the current state of play in D.C. — and how some are predicting it might affect the states.
As goes California, so goes the nation? The conservative anti-tax revolt that began in the Golden State over 30 years ago was rebuked by voters this past November when they approved Prop 30. Early in sessions in 2013, other states are showing signs of following a similar path and refusing to rely on economically destructive cuts:
Governors and lawmakers who call themselves "anti-tax" are kicking off new state legislative sessions by proposing drastic cuts or even the elimination of state income taxes — offset by increases in sales taxes that would hit the middle class and low-income families and which would do nothing to boost state economies:
The nation let out a collective sigh last week when a deal was made just hours before the country went toppling over the so-called “fiscal cliff.” Although the agreement passed by Congress and signed by President Obama provides temporary reprieve, it also left much to be desired. While the agreement ultimately reflected the public’s mandate to raise taxes on the super-rich, it also failed to define those who make between $250,000 and $400,000 as “wealthy,” extending all of their Bush-era tax rates permanently. This misclassification contradicts public opinion and will result in a dramatic loss in revenue, setting a dangerous precedent. Perhaps the most threatening decision made was to make no decision at all on across-the-board spending cuts, known as sequester, for another two months. These automatic spending cuts pose a serious threat to states and localities.
Ann Pratt, Executive Director of Progressive States Network, made the following statement today in reaction to yesterday's passage in Congress of bipartisan legislation to avert the so-called "fiscal cliff."
New Census data reported just this week painted a distressing picture: 46.2 million Americans still in poverty in 2011, median household income declining by 1.5 percent, and rising income inequality. As a snapshot of an America three years removed from the end of the Great Recession, the numbers serve as an important reminder that it's not just the tepid growth in jobs, but the increasing lack of good jobs and the slow corrosion of the middle class that should be the chief concern of lawmakers.
With Census Bureau statistics released this week showing inequality rising and median household income declining to the lowest level in 16 years, Progressive States Network joined more than 20 of America’s leading organizations on work and the economy today in releasing a plan outlining 10 specific ways to rebuild America’s middle class. The new report recommends concrete proposals to strengthen the economy for the long-term by creating good jobs and addressing the economic insecurity that has spread to millions of U.S. families.
This report, released by more than 20 of America’s leading organizations on work and the economy, describes common sense policies towards making today’s jobs better and tomorrow’s jobs good. The core value guiding this road map is that work lies at the center of a robust and sustainable economy; that all work has dignity; and that through work, all of us should be able to support our families, educate our children and enjoy our retirements.
This fall, voters in some states and cities will have the chance to do more than just push back. Initiatives are on the ballot that would directly confront the destruction that austerity economics has wrought on communities, while building national momentum behind policies to revitalize our economy and protect our democracy. All kinds of issues are at stake, from workers’ rights to corporate influence in politics, to whether corporations and the luckiest few will pay their fair share in taxes. While voters will be electing a president, governors, Congress, and thousands of state legislators this November 6, here are a few places where a progressive vision will also be on the ballot: