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Rural groups endorse budget cuts in the past

Thursday, September 10, 2020

posted by Andrew

Rural groups endorse budget cuts in the past. But in the past year, the majority of rural GOP voters backed budget austerity — in particular, the fiscal 2015 federal spending freeze and the 2011 stimulus.

In fact, at the 2012 Republican National Convention, about half the delegates voted against funding the federal government, including many from rural areas.

According to the Center for Budget and Policy Priorities, nearly half of all federal discretionary spending goes to state, territorial and local government, as opposed ??????? ??????to defense, which accounts for around 70 percent of federal government spending.

These spending cuts make government far more inefficient and reduce the economy. However, according to a report from the Congressional Research Service, it’s actually far more cost-effective to rely on taxes, fees and???? levies to fund basic services, such as education.

Republicans can’t get rid of taxes or fees, or raise taxes on the wealthy and middle class and still cut programs such as Medicaid, Medicare and Social Security. And they can’t afford to raise the minimum wage without paying for those higher spending levels and higher costs of living.

In order to reduce deficits, and avoid the worst of both worlds — higher government costs and a higher budget deficit — Republicans argue that their preferred revenue source is raising tax rates on individuals, businesses and households to create the revenue needed to balance the national budget, while also providing the benefits of higher taxes to individuals.

The Republicans’ fiscal blueprint calls for increased marginal rates on high-income individuals, and proposed eliminating the capital gains??? ??? tax. And while eliminating the top tax rate is probably the last Republican plan to address the deficit, it doesn’t mean it won’t make the deficit look lower.

One GOP argument is that tax cuts will bring in more revenue because wealthy tax dodgers will save money by shifting money to capital gains and dividend paying accounts.

Yet studies in the past few years confirm the opposite is true, in fact, lower tax revenue can only raise taxes for wealthier Americans, and it doesn’t reduce the deficit as much as the GOP argument would have you believe.

In fact, studies on the impact of cutting taxes and fees on the economy have found that the most efficient way for the government to pay for services — health care, education, Medicare and other social programs — is to tax the wealthy at the highest income bracket.

In fiscal year 2014, the nonpartisan Congressional Budget Office concluded, the $4 trillion tax code raised by cutting taxes and fees would be spent only on programs that the government could afford

Iran threatens aust gas exports to china analyst, as US-Pakistan nuclear talks resume, by Matthew Chance in Beijing (China Daily 24 February 2014)

Friday, June 19, 2020

posted by Andrew

Iran threatens aust gas exports to china analyst, as US-Pakistan nuclear talks resume, by Matthew Chance in Beijing (China Daily 24 February 2014)

The World Trade Organization (WTO) on Thursday upheld a ban on its member trading partners from selling Iran gas, after the US administration insisted that any proposed deal between Iran and the West on its nuclear program must also have a reciprocal nuclear ban in place. The dispute was triggered by Washington’s announcement in February that it would restore the ban, although it’s unclear how much time remains before the ban is lifted. The U.S. trade representative’s office, according to CNN’s diplomatic sources, “expressed its concerns” about “Iran’s significant stockpile of uranium enriched to the 2% level”. The official US government stance was that the new restrictions will not require the lifting of a long-standing US-Iranian trade agreement. U.S. trade officials met in Washington on January 24 with officials from three major Russian energy companies, Gazprom, Rosneft and Novatek. Russia’s Prime Minister, Vladimir Putin, said there are “no grounds to believe??? ??? ??” that this agreement, known as the Joint Comprehensive Plan of Action (JCPOA) with Iran, is in jeopardy, The Economist reports. The JCPOA requires Tehran to make the finalization of its nuclear programme, in return for the release of Iranian prisoners who had been convicted of espionage.

The US and UN sanctions, however, are “in the form of specific limitations on transactions between Iran’s foreign companies and American financial institutions and from non-US sources. These prohibitions are not intended to be the first, or last, measures,” an official at the U.S. State Department’s Department of the Treasury told Bloomberg.

The Russian Foreign Ministry said the sanctions would impact “all oil companies of Iran…the oil business may be adversely affected”.

The Iranian foreign minister, Mohammad Javad Zarif, meanwhile, said on Monday that?? ??? the nuclear deal had become a “disaster for the entire region”, in an interview with Al-Alam that claimed the West had been trying to sabotage it. The statement, in response to a question on the agreement being opposed by the West, also warned of a “disastrous” outcome if a deal is not approved.

On Wednesday, an Iranian energy ministry spokesman said that the country had the ability to sell natural gas to China. The ministry, he added, was prepared to meet with foreign oil companies in China or Russia if they wanted to do business with Iran, A??? ?? ???l-S


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