6 Reasons Why Bob Beauprez Is One of the Worst Candidates for Working Families in the 2014 Elections

It’s an election year and we are quickly approaching the time when working families will have the opportunity to go to the polls and vote against a whole host of extreme candidates who support policies that limit rights, make it even harder to afford a middle-class life and pad the pockets of their corporate buddies. One of the “Worst Candidates for Working Families in the 2014 Elections” is Bob Beauprez, who is running for governor in Colorado.

1. Beauprez supported legislation that deregulated financial systems, one of the major causes of the 2008 financial crisis that hit Colorado families so hard. [H.R. 2061, introduced 5/3/05; The Denver Post, 6/11/06]

2. He voted for laws to weaken consumer protections. [H.R. 2061, introduced 5/3/05; The Denver Post, 6/11/06]

3. He also voted for laws reducing the supervision of bankers and co-sponsored more than 100 pieces of legislation on taxation and banking that benefited Wall Street at the expense of working families. [H.R. 2061, introduced 5/3/05; The Denver Post, 6/11/06; Library of Congress, accessed 7/30/14]

4. Beauprez voted to enrich his Wall Street friends and even tried to reduce oversight on the bank where he made his $400 million fortune. [Library of Congress, accessed 7/30/14; H.R. 2061, introduced 5/3/05; The Denver Post, 6/11/06]

5. On taxes, Beauprez is even worse, having voted in favor of $774 billion in tax cuts for the wealthiest Americans while trying to make working families pay a 23% tax on everything they buy. [H.R. 5638, Vote 316, 6/2/06; The Denver Post, 10/7/06]

6. At the extreme right-wing sight Townhall.com, Beauprez endorsed “right to work” legislation that does nothing but strip rights from workers, and he was a keynote speaker at a right to work convention in New Orleans. [Townhall.com, 7/14/12]

disclaimer_universal_WV (1)

Reposted from AFL-CIO NOW

Tags: , , , , , , , , , ,

Study: State Tax Cuts Don’t Spur Economic Growth

Reposted from AFL-CIO NOW

new study from the Center on Budget and Policy Priorities (CBPP) shows states that cut tax rates do worse in terms of economic growth than other states.  Numerous Republican governors have pushed for tax cuts under the premise that lower tax rates lead to greater economic growth, but the CBPP study concludes that this premise is wrong.

The five states that implemented deep tax cuts during the 1990s experienced slower job growth over the next economic cycle than states that did not, and none of those states experienced income growth that exceeded inflation, CBPP found.

The five states that cut taxes the most in the mid- and late-1990s saw job growth of less than 0.3% from 2000-2007, while the remaining states averaged 1.0% growth. Similarly, the states with the biggest tax cuts saw slower income growth than the other states, on average.

At least seven Republican-led states are currently pursuing massive tax cuts.

Tags: , , ,