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Republicans are all About the Money

Senate Republicans on Thursday blocked a constitutional amendment that would have restored limits on big money in politics. Bernie cosponsored the amendment, which sought to overturn a 2010 Supreme Court decision in the Citizens United case that opened the floodgates to unlimited and unregulated spending on elections. He called the vote a “win” for the Koch brothers and other billionaires who have poured hundreds of millions of dollars into Republican campaigns. “It was a victory for Republicans and a defeat for American democracy,” Bernie said.

Vermont and 15 other states along with voters and city councils in more than 500 cities and towns already have passed measures supporting a constitutional amendment. A survey last spring conducted by the Greenberg, Quinlan, Rosner polling firm found that the Citizens United ruling was opposed by 80 percent of those surveyed. Bernie said Americans “must continue the fight to overturn Citizens United.”

Robert Reich

Burger King is in merger talks with Canada-based Tim Hortons restaurant chain (known for its coffee and donuts) in order to become a Canadian company and thereby lower its U.S. taxes. BK’s profits have been flat, mainly because its mostly lower-income customers don’t have enough money to boost sales. So the pending deal is welcome news to investors, who today sent its stock up nearly 20 percent. But it’s a lousy deal for you and me and other Americans because we’ll have to make up for the taxes Burger King stops paying.

We’re already subsidizing Burger King because it refuses to raise the pay of its frontline workers, who are now at or near the minimum wage. So we’re paying for the food stamps, Medicaid, and wage subsidies its workers need in order to stay out of poverty. That means when BK deserts America to cut its tax bill, we’ll be paying twice. That’s a whopper of a slap at America. What should we do about it?