Progressive Breakfast: Tax Day: Global Corporations Prefer to Defer

MORNING MESSAGE

Tax day. In the District of Columbia, the main post office stays open until midnight. Taxpayers who waited until the last moment line up to get a receipt showing they filed on time. America’s civic ritual. But not everyone participates. America’s major corporations – Apple, Pfizer, Microsoft, Citigroup – have stashed a stunning $2.4 trillion abroad in order to avoid paying an estimated $700 billion in taxes.

BURNING ISSUES: WHEN FRACKING GOES GLOBAL

Fracking is rapidly becoming a global concern, says Jesse Coleman, a research investigator for Greenpeace, in this Burning Issues video segment.

ONE DAY TO NY

Sanders says discount NY polls, on NBC’s “Today.” Politico: “‘Generally speaking, polling has underestimated how we do in elections.’ Sanders noted that his campaign was down by as many as 25 points in Michigan before it pulled off the upset victory on March 8. According to the RealClearPolitics average of polls of likely voters … Clinton leads Sanders by nearly 13 percentage points…”
Working Families Party could boost Bernie in NY. Mother Jones: “‘They have the best political operation in New York,’ says Bill O’Reilly, a Republican consultant in the state … For months, the party has been engaged in voter outreach on Sanders’ behalf—knocking on doors, phone banking, talking to local leaders, and helping Sanders draw local endorsements.”
Sanders stumps at public housing complex. W. Post:Bernie Sanders on Sunday brought his presidential campaign to a run-down public housing complex in Brooklyn, usually an overlooked destination on the road to the White House, in a bid to underscore what he characterized as the nation’s misguided spending priorities.”
Sanders’ Vatican speech delivers economic populist message on global stage: “The challenges facing our planet are not mainly technological or even financial, because as a world we are rich enough to increase our investments in skills, infrastructure, and technological know-how to meet our needs and to protect the planet. Our challenge is mostly a moral one, to redirect our efforts and vision to the common good.”
Clinton touts bipartisanship in conservative Staten Island. W. Post: “Clinton told the crowd that bipartisanship shouldn’t be a dirty word. After 9/11, she recalled telling President George W. Bush that New York would need $20 billion to rebuild and aid families. ‘He said: “You’ve got it,”‘ Clinton said. ‘Despite intense Republican pressure to back down.'”
W. Post’s E. J. Dionne urges Clinton and Sanders to start the healing: “Will both candidates now acknowledge that the differences between them are minor compared with the philosophical chasm that separates them from any of their potential Republican foes?”

CRUZ SCOOPS US DELEGATES

Cruz winning the inside game. Politico: “In Georgia. In Wyoming. In South Carolina. In Kansas. In Florida. Ted Cruz put on a clinic, mobilizing his GOP activist base to capture at least 50 delegates on Saturday while Trump came away with about a dozen … Cruz has dominated these delegate selection battles, even in states whose primaries Trump won handily.”
Trump rips “rigged” system. NYT: “…speaking to reporters on Staten Island, Mr. Trump said he hoped that the July convention ‘doesn’t involve violence’ ‘And I don’t think it will,” he said. ‘But I will say this: It’s a rigged system. It’s a crooked system. It’s 100 percent crooked.'”
RNC convention rules fight already begun. Politico: “At issue: a controversial proposal that would drastically alter how the convention would function, changing the underlying rule book for proceedings — and potentially affecting whether party insiders could draft a so-called white knight at a deadlocked convention. Rules Committee Chairman Bruce Ash criticized RNC Chairman Reince Priebus and his allies in an email Saturday to his panel, accusing them of working to scuttle the proposal and prevent it from getting a hearing at this week’s RNC spring meeting…”

IMMIGRATION BATTLE REACHES SUPREME COURT

Supreme Court to hear arguments today on Obama’s immigration orders. W. Post: “The court’s decision in United States v. Texas, which is expected in late June, will determine whether the administration can begin enrolling illegal immigrants in a federal program to grant them work permits without fear of deportation … [If the Court] deadlocks at 4-to-4, the lower-court ruling would remain in place. In that case, other states or advocacy groups could attempt to file suit in other jurisdictions in hopes of winning a favorable ruling to move forward with the program…”
Former Republican Senator Dick Lugar defends Obama’s executive action on immigration in NYT oped: “… by its nature, immigration enforcement requires executive discretion … When the president took his executive action on immigration, he was not flouting the will of Congress; rather, he was using the discretion Congress gave him to fulfill his constitutional duty to ‘take Care that the Laws be faithfully executed.'”

BREAKFAST SIDES

House Dems have strong fundraising quarter. W. Post: “Down 30 seats, it’s a tall order [to win the House], but a torrid fundraising pace set by the party’s national campaign organ means they have reasons to hope. The Democratic Congressional Campaign Committee raised $24.9 million in the first quarter of 2015 — the committee’s best-ever Q1 fundraising total…”
Jared Bernstein offers progressive tax reform ideas for Tax Day in W. Post: “Stop defunding the IRS … Close the carried-interest loophole … End deferral [by multinationals] … Stop privileging debt financing…”
Progressive Breakfast is a daily morning email highlighting news stories of interest to activists. Progressive Breakfast is a project of the Campaign for America's Future. more »