The show notes for Episode 36 are at http://www.eclectablog.com/2017/06/episode-36-one-trillion-reasons-the-gop-wont-give-up-on-trickle-down-with-special-guest-nick-hanauer.html
When Kansas Republicans who control both State houses were forced to join with the state’s Democrats to overturn Governor Sam Brownback’s veto of the bill that would roll back his 2012 tax cuts for the rich this week, no one had more right to say “I told you so” than Nick Hanauer.
Hanauer called the unfunded tax breaks “a controlled experiment in trickle-down economics.”
Cutting taxes on the wealthy had sent the state into recession and huge budget shortfalls, even as taxes rose on the bottom 20%. And though the top 1% got a tax break larger than the yearly income of a member of the bottom 20%, the state’s GDP was lower at the end of 2015 than it was before the cuts went into effect.
You know who agreed that Kansas was “a controlled experiment in trickle-down economics”?
The Ronald McDonald of tax breaks — Grover Norquist.
“Kansas is the future,” he told an interviewer in 2015. “Kansas is the model.”
Just two years later he’s saying:
“If you’re a Republican looking for a model,” he says, “Kansas is not the model.”
Trickle down economics is now as proven a failure as the Iraq War, the Microsoft Zune the Bush’s Brothers political acumen but that’s not stopping Donald Trump, Paul Ryan and the national GOP from going in for another trickle on the premise that our biggest
“We’ve had it backward for the last 30 years,” Hanauer said in 2012 in a TED talk that created a national sensation. “Rich businesspeople like me don’t create jobs.”
But Hanauer has been trying to create jobs with his unique brand of anti-inequality politics argued from a massively successful business owner’s point of view. He makes the plutocrats case for a $15 an hour minimum wage and expansion of overtime pay from the point of view that both are job creators — while the employers who chronically underpay forcing taxpayers to subsidize their workforce are the job killers.
Hanauer is a proud progressive who puts his money where his politics are, continually calling for a better Democratic Party that will more eagerly raise his taxes.
We wanted to give him a chance to say “I told you so” and hear his vision for a Democratic party that breaks out of the nasty stream of trickle-down economics.
Nick Hanauer’s personal website: NickHanauer.com/
Nick Hanauer on Twitter: @NickHanauer
Nick Hanauer at Politico: Whatever Happened to Overtime?
Lauren Dezenski at Politico: Conservative PAC takes aim at Warren during book tour
Center for Media and Democracy: Who is Behind Billionaire PAC Targeting Elizabeth Warren?
Devashree Saha and Sifan Liu at the Brookings Institute: Increased automation guarantees a bleak outlook for Trump’s promises to coal miners
Hiroko Tabuchi at the New York Times: Coal Mining Jobs Trump Would Bring Back No Longer Exist
Folks, if you're wondering what to do now that Comey has testified: DEFCON 5 ON TRUMPCARE. ALL HANDS ON DECK. Timeline & how to fight: 1/
— Ben Wikler (@benwikler) June 8, 2017
(Actually, before the timeline & how to fight: it's actually Defcon 1, "nuclear war imminent," not Defcon 5, "normal readiness." Thx.) 1.5/
— Ben Wikler (@benwikler) June 8, 2017
Casey Quinlan at Think Progress: House votes to dismantle key Dodd-Frank regulations
David Dayen at The American Prospect: Dismantling Dodd-Frank — And More
Lucinda Shen at Fortune: Donald Trump Is Targeting an Agency That Has Recovered $11.8 Billion for Consumers
Donna Borak at CNN Money: House GOP bill would give Trump greater power over Wall Street regulation
Mike Wilkinson at Crain’s Business Detroit: Has your town recovered from Great Recession? Check our property value map and searchable database
Karen Bouffard at The Detroit News: Some state, Flint employees can be sued in water case
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Intro and Outro music: Zoolookologie by Jean-Michel Jarre from the album Zoolook.
The Sit and Spin Room logo by Anne C. Savage.