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When you have the kind of power Grover Norquist has held — namely, decades of unquestioned dictatorial control over the Republican Party as its grand ayatollah of anti-tax orthodoxy — it’s easy for a wee bit of hubris to creep into your thinking.

The result is the occasional burst of excessive honesty, as exemplified by Norquist’s infamous statement that he’s like to shrink government “down to the size where we can drown it in the bathtub” (which came back to haunt him after hurricane Katrina a few years ago).

Apparently, our friend Grover has had another one of those moments.  This is from an interview with Nancy Cook of the National Journal, posted yesterday afternoon:

NJ At the end of 2012, a number of major tax provisions, including the Bush-era cuts, are set to expire. Do you have any predictions?

NORQUIST [...] If the Republicans have the House, Senate, and the presidency, I’m told that they could do an early budget vote—a reconciliation vote where you extend the Bush tax cuts out for a decade or five years. You take all of those issues off the table, and then say, “What do you want to do for tax reform?” … And, if you have a Republican president to go with a Republican House and Senate, then they pass the [Paul] Ryan plan [on Medicare].

NJ What if the Democrats still have control? What’s your scenario then?

NORQUIST Obama can sit there and let all the tax [cuts] lapse, and then the Republicans will have enough votes in the Senate in 2014 to impeach.

Now, to be fair, this claim relies on the nearly delusional fantasy that ending the Bush tax cuts for the wealthiest Americans will cause an intense popular backlash in favor of the Republicans, resulting in 67 GOP senators after the next midterms.  But it’s also a reminder of what these guys consider an impeachable offense — and how far they’re willing to take their desire to protect the rich.  They play for keeps.

 

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Citizens for Responsibility and Ethics in Washington has called on the Office of Government Ethics (OGE) to refer Mitt Romney to the Department of Justice for having filled an inaccurate campaign disclosure form last year.

In a letter (pdf) sent on Friday to the acting director of the OGE, the watchdog group stated, “The 2010 tax return Mr. Romney released earlier this week includes numerous assets not included on the personal financial disclosure form Mr. Romney filed in August 2011. … According to OGE’s website, ‘when ethics officials find evidence that an employee has violated an ethics criminal statute or regulation, they must refer that evidence to the appropriate authority for action.’”

Romney’s tax return included income from at least 23 funds and partnerships that were not cited in the campaign disclosure form, including interest income from a Swiss bank account and shares in offshore companies located in the Cayman Islands and elsewhere.

A Romney spokesman has described the errors as “trivial” and “inadvertent,” but CREW finds that explanation unsatisfactory.

“Mr. Romney says the errors are minor, but then again he also claims earning $374,000 in speaking fees isn’t much money,” CREW Executive Director Melanie Sloan stated. “In reality, filing an inaccurate disclosure form can be a criminal offense. As a result, the Office of Government Ethics should forward the matter on to the Department of Justice to determine whether Mr. Romney deliberately withheld information.”

“Although Mr. Romney’s campaign has said the candidate will be amending his PFD,” the letter continues, “simply revising the form after having been caught filing an inaccurate one is not sufficient. The numerous inconsistencies between the PFD and the tax return — combined with Mr. Romney’s previous refusals to make the tax return public — suggest Mr. Romney may have deliberately failed to include some of these assets on the PFD. Because intentionally filing an inaccurate disclosure form is a federal crime, in accord with OGE policy, you should refer this matter to the Department of Justice for further investigation.”

Photo by WEBN-TV from Flickr

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Today is Earned Income Tax Credit (EITC) awareness day!

EITC, the Earned Income Tax Credit, sometimes called EIC is a tax credit to help you keep more of what you earned. Congress originally approved the tax credit legislation in 1975 in part to offset the burden of social security taxes and to provide an incentive to work. When EITC exceeds the amount of taxes owed, it results in a tax refund to those who claim and qualify for the credit.

Since we are on the topic of the EITC, today is a good day to highlight a proposal to strengthen both the minimum wage and the earned income tax credit so that they are more effective tools for reducing poverty.

• Jeannette Wicks-Lim & Jeffrey Thompson, Political Economy Research Institute – Combining Minimum Wage and Earned Income Tax Credit Policies to Guarantee a Decent Living Standard to All U.S. Workers:

..we begin by proposing a 70 percent increase in current minimum wage rates. This would raise the federal minimum from today’s rate of $7.25 to $12.30 per hour.

We also propose two expansions of the EITC, the federal program that provides tax relief and cash benefits for low-income working families. These include raising the maximum EITC benefits by 80 percent and the income eligibility threshold to three times the federal poverty line. The maximum EITC benefit would rise from $5,028 to $9,040 and households with incomes up to $57,000 could receive some benefit.

In combination, these two policy measures would guarantee 60 percent of all low-income working families a decent living standard through full-time employment. The other 40 percent of low-income working families offer more difficult challenges, because they either live in high-cost areas or they depend on only one wage-earner to raise children. But our proposed measures would substantially improve conditions for these households as well. Current policy terms guarantee a decent living standard for only 12 percent of low-income working families.

[cont'd.]

By strengthening both the minimum wage and EITC in combination, we take advantage of how they can operate in complementary ways—that is, with the strengths of one policy making up for the weaknesses of the other.

The minimum wage, if raised too high, could cause business costs to rise significantly and in response, employers could potentially lay off workers or cut back on their hours.

The EITC program has the advantage of supplementing the earnings of low-income workers without raising business costs. Generous EITC benefits, however, tend to draw more people into the labor force and allow employers to pay less while still attracting the workers they need. A robust minimum wage rate would prevent wages from falling too low due to the EITC.

Everyone’s favorite rhetorical device maker, Steve Jobs has loomed large in policy debates about inequality and industrial policy in past several weeks. After the State of the Union, Paul Krugman pointed out, in reply to Indiana’s governor Mitch Daniels that the government rescue of GM and Chrysler protected hundreds of thousands of U.S. jobs. The Economic Policy Institute in December 2008 estimated the collapse of the auto industry would put at risk 120,000 jobs in Pennsylvania alone. Apple employs about 43,000 employees in all of the United States.

Krugman returns to the topic this morning and offers up some of the lessons he learned from the research that earned him the Nobel prize in economics — new economic geography (PDF).

• Paul Krugman, The New York Times — Jobs, Jobs and Cars:

This is familiar territory to students of economic geography: the advantages of industrial clusters — in which producers, specialized suppliers, and workers huddle together to their mutual benefit — have been a running theme since the 19th century.

And Chinese manufacturing isn’t the only conspicuous example of these advantages in the modern world. Germany remains a highly successful exporter even with workers who cost, on average, $44 an hour — much more than the average cost of American workers. And this success has a lot to do with the support its small and medium-sized companies — the famed Mittelstand — provide to each other via shared suppliers and the maintenance of a skilled work force.

The point is that successful companies — or, at any rate, companies that make a large contribution to a nation’s economy — don’t exist in isolation. Prosperity depends on the synergy between companies, on the cluster, not the individual entrepreneur.

The Philadelphia Inquirer reports on a disturbing tit-for-tat exchange on food stamps between U.S. Secretary of Agriculture Tom Vilsack and Gov. Corbett’s spokesman Kevin Harley.

• Alfred Lubrano, The Philadelphia Inquirer – Nutter: Food stamp asset test ‘mean-spirited, asinine’:

Secretary of Agriculture Tom Vilsack, in Philadelphia to discuss President Obama’s State of the Union message, said the asset test “is not going to save the Commonwealth a single dime,” and would, in fact, cost the state money to implement…

Responding to Vilsack’s remarks, Kevin Harley, Gov. Corbett’s spokesman, said: “It doesn’t surprise me that the man whose president has overseen the greatest increase in food-stamp usage in the history of the United States would be critical of any Republican governor attempting to impose an asset test. Because of President Obama’s economic policies, 11.2 million additional Americans have been added to the food-stamp rolls.”

Recessions drive up unemployment, thus creating a need for food assistance. We are now recovering from one of the worst recessions on record. Pennsylvania’s own recovery initially started out strong but thanks in part to state budget cuts Pennsylvania has created fewer jobs in the last 12 months than it did in the previous year. Perhaps we all can agree to avoid stigmatizing people who are in need because the economy is weak.

 

Whether the American economy, which grew last quarter at its fastest pace in a year and a half, can sustain that momentum is critical to millions of people out of work.