Tucson Progressive

Pamela Powers Hannley, a progressive voice for Arizona

US House Says ‘Yes’ to Wall Street #Welfare in Highway Bill

moneyIn one of his first acts as Speaker of the House of Representatives Paul Ryan oversaw doling out $17 million in corporate welfare to Wall Street banks. How did he manage this? The usual sneaky way– by tacking this onto an unrelated piece of “must pass” legislation. (You’ll remember that’s how Republican lawmakers weakened Wall Street regulation last year.)

Yesterday, 354 members of the House of Representatives– all but two Republicans and 70 Democrats– voted to continue the ongoing bank welfare and which was attached a multi-million-dollar highway bill. (They also reauthorized the charter for the “controversial” Export Import Bank in the highway bill.) The primary holdouts were members of the Congressional Progressive Caucus, co-chaired by Southern Arizona Congressman Raul Grijalva.

Ironically, the GOP didn’t want to add a long-term funding mechanism to pay for highway construction and repair. (I guess funding provisions are “must-haves” only when legislation focuses on food stamps, school lunches, college loans, unemployment, healthcare, public education, and Social Security.) Historically highways have been funded by the users through gas taxes, but the Republicans successfully block any crazy talk about raising gas taxes.

Personally, I think we are enabling big corporations to be lazy by allowing them to live “on the dole”. When corporate taxes are low and corporate welfare is high, there is a disincentive to innovate and invest. The Congress and many state legislatures have told the poor that it is for their own good to have their “entitlements” cut– less they become slothful. It’s time to cut corporate “entitlements”. After all, it’s for their own good because forcing to pay their own way will promote hard work and self-reliance, rather than indolence and dependence.

Cross-posted from Arizonans for a New Economy.

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This entry was posted on November 6, 2015 by in Congress, corporatists, economy, jobs, progressive, Raul Grijalva, Republican Party, Wall Street and tagged .

About

The Tucson Progressive: Pamela Powers Hannley

I stand on the side of Love. I believe in kindness to all creatures on Earth and the inherent self-worth of all individuals--not just people who agree with me or look like me.

Widespread economic and social injustice prompted me to become a candidate for the Arizona House, representing Legislative District 9 in the 2016 election. My platform focuses on economic reforms to grow Arizona's economy, establish a state-based public bank, fix our infrastructure, fully fund public education, growlocal small businesses and community banks, and put people back to work at good-paying jobs. I also stand for equal rights, choice, and paycheck fairness for women. I am running as a progressive and running clean.

My day job is managing editor for the American Journal of Medicine, an academic medicine journal with a worldwide circulation. In addition, my husband and I co-direct Arizonans for a New Economy, Arizona's public banking initiative. I am a member of the national board of the Public Banking Institute, and I am co-chair of the Arizona Democratic Progressive Caucus, the largest caucus of the Arizona Democratic Party.

I am a published author, photographer, videographer, clay artist, mother, nana, and wife. I have a bachelor's degree in journalism from Ohio State University and a masters in public health from the University of Arizona. I grew up in Amherst, Ohio, but I have lived in Tucson, Arizona since 1981. I am a proud member of the Unitarian Universalist Church of Tucson and the Public Relations Society of America.

My Tucson Progressive blog and Facebook page feature large doses of liberal ideas, local, state, and national politics, and random bits of humor. I also blog at Blog for Arizona and the Huffington Post.

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