Sen. Chuck Schumer is ripping conservatives for their response to legislation he co-sponsored that would punish those who renounce their citizenship to avoid paying taxes. The bill was introduced after Facebook co-founder Eduardo Saverin gave up his U.S. citizenship right before he was expected to earn billions from the company’s much anticipated IPO.
Is Sen. Charles Schumer still a member of the reality-based community? The top Democrat confidently predicted on Wednesday that his party would retain control of the Senate in the 2012 election, despite having to defend way more seats than the Republicans. (more)
Sen. Charles Schumer is looking to put a check on corporate campaign financing, contesting the notion—promoted by the Supreme Court earlier this year—that big corporations have a constitutional right to spend unlimited amounts of cash on political campaigns.
While the House is chugging along with what’s shaping up to be a strong public option, the Senate has come up with a compromise that might make room for government insurance. Essentially, states that don’t dig government-run health care wouldn’t have to have it.
It’s now clear that health care “reform” is a bonanza for the insurance companies. But these acquisitive businesses want even more. Their efforts to increase their profits are at the center of the clandestine Senate and House negotiations currently shaping the health bill.
Like a reluctant Sisyphus, the president is still pushing the public option up Capitol Hill. According to a report in the L.A. Times, Obama has been trying to sell moderate Democrats on the idea. That’s no easy task, as many have taken gobs of money from the private health industry and coincidentally oppose meaningful reform.