Tag Archives: Dean Heller

Heller’s Making Hay, Just Without a Business License

The Reno Gazette Journal informs us today that Senator Dean Heller (R-NV) has a hay farm in Smith Valley (180 acres) for which he’d not bothered to get a business license.  The royal irony herein is that Heller is a former Secretary of State, and so a person presumed to have some knowledge of business licenses in this state.  What’s wrong with this picture?

His excuse is that it’s a home based business which doesn’t make a profit.  Okay.  Many family farms and ranches are home based.  Most have business licenses.   The business license costs are minimal, $200.00.   The last time I looked hay was going for about $170 per ton.  [hay price check here]  I’m having a bit of trouble figuring out how a hay operation in Smith Valley is running in the red.  Unless of course that’s a deliberate business plan for tax purposes?  If it is, that’s not a good look for a “fiscally responsible” US Senator.

We can reasonably assume a crop of about 7 tons per acre, and Heller has 180 acres. Perhaps he’s getting about 1,260 tons?  At $170 per ton that’s $214,200 gross.  He’s going to have irrigation, pest management, and fertilization expenses like every other farmer. Additionally there are going to be expenses for labor, equipment, harvesting operations, and vehicles.  It’s a little hard to imagine he’s racked up over $200,000 in expenses?  If he isn’t making a profit — then (a) why’s he in the business? or (b) why is he continuing with a business operations plan which is losing money?  Less gently, he’s either in the business to get some breaks, or he’s one of the state’s worst hay farmers.

Either way, he’s not been one of the state’s best Senators.  His opposition to consumer protections from the financial sector (see his consistent opposition to the Dodd-Frank Act, and Sarbanes-Oxley) and his support for just about any proposal Wall Street has to offer make him more the Bankers Boy than a Nevada small farmer’s friend.

 

 

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Nevada Republicans in Disarray? Sidling toward the Senate

The race for Senator Dean Heller’s Senate seat is getting interesting, if for no other reason than the split between the Trumpets and the Party is on full display.  Witness Heller’s campaign co-chair leveling finance improprieties charges at the Tarkanian campaign:

“Danny Tarkanian made an “illegal corporate contribution” from a nonprofit he runs to his 2012 congressional campaign, according to a complaint filed the Federal Elections Commission.

The complaint follows a report from KLAS-TV that detailed how $40,000 went from Tarkanian’s charity basketball organization to his campaign during his 2012 bid for Nevada’s 4th Congressional District. The FEC complaint was filed by Collier Azare, who is a campaign co-chair for Dean Heller, who Tarkanian is challenging in this year’s GOP primary for U.S. Senate.”  [LVRJ] [KLAS]

This one presumes, would allow the Heller Forces to charge unethical conduct on the part of Tarkanian the Lesser, since the ethical limits of Tarkanian the Elder, of towel chewing fame, at Long Beach State, UNLV, and Fresno State, have been a topic of conversations in the public domain — from barstool occupants to barristers.

Tarkanian the Lesser’s move into the media spotlight is a mixed blessing for the Heller camp.  On one hand, Tarkanian the Lesser’s trumpian-radical politics will amplify the Heller campaign’s message that Heller, much evidence to the contrary, is the Moderate in the race.  This is fine for the general election, however Heller has to  plow through the mud flat that is the Nevada Republican primary on June 12, 2018.

Primaries have not had a particularly high level of interest of late in the Silver State; the 2014 Primary drew a total turnout of 19.25% of Nevada’s registered voters, which was better than the 18.87% who voted in the 2012 Primary, and better still than the paltry 15.12% of  voters who decided to participate in the 2010 version. [SoS] We can probably guess that the Republicans who chose to vote in the Primaries were highly motivated, and perhaps interested in hyper-conservative positions?  Low turnout among Nevada Republicans doesn’t seem to be a good thing for Heller’s campaign.

However, things aren’t looking all that pleasant for the prospects of Tarkanian the Lesser, the White House isn’t supporting him, his fundraising is relatively weak, and his message is a narrow pitch to a narrow sliver of the electorate.  It will be interesting to see who shows up for the GOP Primary in June.

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Heller’s Tele-Somethings Redux

Senator Dean Heller is fond of his Telephone Town Halls, which, as we’ve noted previously are more telephonics than town halls.  [Here, and especially here]

Perhaps he’s addressed the transparency problems associated with his previous telephone conference calls, but maybe not:

“Senator Heller has employed this one in the not so distant past.  It goes like this.  Have a telephone conference call from which questions are solicited from the public.  However, the fog descends almost immediately. Are the questions pre-screened?  There’s no way to know with absolute certainty, but someone has to be taking the calls like a radio call-in broadcast so chaos doesn’t happen.  Thus, it isn’t too hard to imagine that some pre-screening is happening.

These town halls can also be re-cycled.  The contact with the constituent begins with “You are invited to participate in Senator Sludgepump’s telephone town hall. If you have a question for the Senator press (number) and give your name and address…)

It doesn’t take too many conversations to figure out that if Constituent A heard the town hall on Monday evening, and Constituent B heard the same town hall on Tuesday evening, then we can assume people have been listening to a canned recycling of a political campaign pitch.  Hardly a town hall.”

Therefore, a person would be excused from being a little skeptical about the current iterations of Senator Heller’s open mic nights.   Thanks to the Nevada Independent we have a taste of the latest town hall:

“Asked why he supported Trump after the president reportedly called some African nations, Haiti and El Salvador “s**hole” countries, described his forceful sexual advances in an Access Hollywood tape and called outlets such as the BBC “fake news,” Heller told the caller that she probably supported Democratic presidents with similar problems.”

This is nothing more than a thinly disguised “kill the messenger” motif.  Don’t like the message, then play the Whataboutit” card — what about Clinton (inserting the foil of the day) to which one might add what about — Grover Cleveland? Warren G. Harding? Franklin D. Roosevelt?    Thence comes the exceptionally vague pivot:

“What I’m trying to do is get issues done. That’s what I’m looking for is what’s best for the state of Nevada, and whether I’m standing behind the president or whether I’m standing in right field, it doesn’t matter. Literally doesn’t matter.”

I’d assert Senator Heller is, indeed, standing out in right field, but that’s beside the point.  One unfortunate way to translate this Hellerian side step is to assume he means that no matter the moral depravity of the occupant of the White House Heller will support anyone who advocates what Heller believes is in the best interest of the state of Nevada.

The problem is that the reprobate in the Oval Office doesn’t have any clear ideological principles.  How Heller can divine precisely what the administration’s position is on any given topic is beyond most analysts.  We might guess that the administration proposals on immigration range from “a bill of love” to “build a wall.” We might guess that the issues related to banking run the gamut from “take care of the middle class” to “let bankers be bankers.”  And so on.

It should matter to Senator Heller, and to any other citizen of Nevada (and the other 49) whether or not the administration has the moral fiber necessary to inform the proposed policies.  Moral fiber tends to filter out the self-serving, the grifting, and the unconscionable — without the filter there’s little space left for anything other than the moral relativism of pure opportunism.  Surely this is not what Senator Heller has in mind?

 

 

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Heller’s Money

Senator Dean Heller is leading in one category.  He’s leading in the Money From Leadership PAC’s race collecting a total of $314,750 from those entities. ( OS, 9/30/17 report)

From the Department of Absolutely No Surprises, he reported taking in $414,867 from PACs associated with the Securities and Investment industries.

The next FEC filing deadline is January 31, 2018 at which time we can start tracking the trends of Senator Heller’s fund-raising, and see if he maintains his lead in the Leadership PAC money race.

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The Great Bamboozle: GOP Tax Plan Targeted Right At the Middle Of The Top 1%

There are some amazing feats of verbal legerdemain going on as Republicans try to explain why their Jam It Through Tax Plan isn’t a real bag of snakes.

Oh, don’t worry about our plan…people want to see an improving economy…people want to see more in their paychecks…now 90% of the people can file a simple return…there’s a lot of wishful thinking going on here, and most of it is wrong.  The political advertising is going to write itself in 2018.

Senator Maria Cantwell (D-WA) is correct to say that “haste makes waste,” and in its haste the GOP is about to unload both barrels into their own feet.

The tax cuts will explode the debt.  Remember all the times the GOP told us that debt is a problem?  It certainly can be.  When there was a Democrat in the White House the Heritage Foundation positively screamed about the impact of increasing the national debt:

Current and projected increases in government debt, cutting into future economic growth rates, also mean slower future growth of government revenues. Even as future interest expense rises as taxpayers are called upon to service all this debt, growth in government revenues will slow, leaving less available for other priorities, such as national security and economic security, education, and innovation-driving research.

The only difference now is that the accumulated deficits will be driven by a Republican penchant for rewarding the investor class with amazing tax cuts.  Now the argument is reversed: there will supposedly be More revenue, More innovation, More funds for national security and research.  No there won’t. And we don’t need to kid ourselves, because the same basic economic elements are going to underpin the new tax/budget structure that are girding the current one. 

Nothing in the tax bill reverses the current emphasis on short term gains. The GOP is fond of pointing to gains in the stock market as “proof” of its stewardship of economic growth.  There’s an obvious problem with this, as noted by the Chicago Tribune:

Nearly half of country has $0 invested in the market, according to the Federal Reserve and numerous surveys by groups such as Gallup and Bankrate. That means people have no money in pension funds, 401(k) retirement plans, IRAs, mutual funds or ETFs. They certainly don’t own individual stocks such as Facebook or Apple.

So, nearly half the population has Zilch invested in The Market. What about the others?  While people don’t generally have elephantine memories, 2008 isn’t that far in the rear view mirror, and that’s part of the reason about 54% of Americans have some sort of investments, as opposed to the 62% prior to the Big Crash of 2007-08.

Further,  there’s some recent research indicating the decline isn’t over.

Rosenthal and Austin’s main focus was the precipitous decline of taxable investment accounts. In 50 years, the amount of stock owned by individual investors and funds outside retirement and nontaxable accounts such as 529 college-savings plans has dropped off a cliff — to about 25% in 2015 from over 80% in 1965.

But wait, there’s more:

The other startling finding was the growth in foreign investment in the US stock market. What was once a small sliver of the makeup now accounts for a quarter of all stock ownership at $5.5 trillion. Part of this may be due to increasing wealth in foreign countries, but, as the researchers noted, it could also be influenced by corporate inversions, in which foreign-domiciled firms have large direct holdings of US-based stock.

So, we have a structural situation in which the percentage of individual investors is declining precipitously, the percentage of institutional investors is increasing, as is the percentage of foreign investors.   It doesn’t take much effort to perceive that the produce of stock market gains aren’t going to benefit most Americans, but should assist institutional and foreign investors.

But surely those institutional investors will be looking for long term investment prospects and will act as a curb on short term pursuits as exemplified by hedge fund operations?  Nupe.  That part of the structure hasn’t changed either.  It’s not happening:

Across the world, a clamor is rising against corporate short-termism—the undue attention to quarterly earnings at the expense of long-term sustainable growth. In one survey of chief financial officers, the majority of respondents reported that they would forgo current spending on profitable long-term projects to avoid missing earnings estimates for the upcoming quarter.1

Critics of short-termism have singled out a set of culprits—activist hedge funds that acquire 1% or 2% of a company’s stock and then push hard for measures designed to boost the stock price quickly but unsustainably. 2 The typical activist program involves raising dividends, increasing stock buybacks, or spinning off corporate divisions—usually accompanied by a request for board seats.

If corporations increase profitability I am hearing, “raising dividends, increasing stock buybacks, and mergers, acquisitions, and spin offs.  I am NOT hearing investment in plant expansion, workers’ wages, and company benefits.  And, I’m certainly not hearing anything about encouraging the promotion of taxable investment accounts, the kind that  puts revenue into the Nation’s coffers.

Nothing in the tax bill addresses wage stagnation.   And, no, this is not a myth:

“After adjusting for inflation, wages are only 10 percent higher in 2017 than they were in 1973, with annual real wage growth just below 0.2 percent.[1] The U.S. economy has experienced long-term real wage stagnation and a persistent lack of economic progress for many workers.” […] ” The portion of national income received by workers fell from 64.5 percent in 1974 Q3 to 56.8 percent in 2017 Q2.”

Ouch.  Somehow, the Growth Fairy is supposed to be so enamored of tax cuts for corporations and wealthy individuals that more greenbacks will float down and squirm into the pay packets of average American workers.  Probably not, and putting more dollars into the pockets of institutional investors — foreign and domestic — isn’t going to be all that helpful either.  So, not only does the tax plan not address short term-ism, it doesn’t really address paycheck issues either.

But Wait! How about increasing the child tax credits and standard deductions?  It’s no secret that those people earning $75,000 or less aren’t going to be the big winners in this tax bill.  “The tax bill Senate Republicans are championing would give large tax cuts to the rich while raising taxes on American families earning $10,000 to $75,000 over the next decade, according to a report released Thursday by the Joint Committee on Taxation, Congress’s official nonpartisan analysts.” [WaPo]

But, but, but…Your tax filings will be simpler!  Simple doesn’t matter if you aren’t getting your taxes cut.  And, if the tax preparation deduction is eliminated then there are going to be some mom and pop franchises in serious straits — those just happen to be local small businesses as well.

But, but, but…jobs won’t go overseas!  You can only dream.  The arguments get a bit into the economic weeds, into territorial taxation, but the bottom line is clear:

This might seem like a small difference, but the design of their global minimum tax creates perverse incentives for companies to offshore jobs and shift profits to tax havens—outcomes that a per-country minimum tax would avoid.

Perverse indeed, especially if one expects the new tax plan to provides incentives for companies to expand operations domestically.  Nothing in this plan actually and directly promotes domestic expansion in the economy — it’s all indirect and absolutely hopeful, perhaps even illusory if not downright delusional.

In the meantime, Medicare will be facing cuts of about $25 billion.  There will be calls to “reform” Social Security” in order to reduce the debt — translation: Higher requirements for fewer benefits.  There will be calls to cut SNAP programs — not a drop in the bucket needed to fill the debt hole; and, educational funding — another squeeze on programs that actually help people eventually earn higher wages.

This won’t prevent Republicans like Nevada’s Senator Dean Heller from enjoying the passage of a “great tax cut,” while he hopes to high Heaven no one in the state notices cuts to Medicare, Medicaid, Childrens’ Health Insurance, and no one talks about increased premiums in the individual health insurance market.  Perhaps no one will notice that graduate students at UNR and UNLV are supposed to pay taxes on tuition waivers while they’re actually earning minimum wages for part time jobs?  No one will notice the reduction in home mortgage interest deductions?  No one will observe the reduction or elimination of deductions for major medical expenses — much of which will be out of the pockets of the elderly.

My guess is that Nevadans will notice.  The political ads may, indeed, write themselves.

 

 

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Senator Heller’s Second Shot at Slashing Medicare and Medicaid

“This morning, the Senate Budget Committee will consider a resolution that instructs lawmakers to find ways to reduce Medicaid spending by $1 trillion (and Medicare spending by $473 billion) over the next decade, according to supporting documentation that Democrats are publicizing.” [WaPo]

Here’s the strategy: “A fast-track “reconciliation” process that would allow for tax cuts costing $1.5 trillion over ten years that require only a simple majority to pass.  The $1.5 trillion cost would not have to be offset by closing tax loopholes or ending unproductive tax breaks, and thus would add to the nation’s deficits, which are already growing as the baby boomers retire.  In addition, the resolution would allow the Senate Finance Committee to cut critical programs under its jurisdiction, including Medicaid, Medicare, and basic assistance for poor seniors and people with disabilities, and then use those savings to make the tax cuts even larger (so that the net cost of the tax cuts and the budget cuts combined equaled $1.5 trillion).  The reconciliation process is the same process that Congress tried to use to repeal the ACA and requires only a simple majority to enact law.”  [CBPP] (emphasis added)

And, there we have it: (1) If it’s a Republican budget, then adding to the federal deficit doesn’t matter; (2) in order to provide for tax cuts to the top 1% of income earners in the United States, the Committee can slash funding for Medicaid, Medicare, basic assistance for senior citizens, and people with disabilities.

The trick is that the Senate Republicans have to pass a “budget” slashing spending for those aforementioned Medicare and Medicaid beneficiaries, elderly people in poverty, and disabled people, in order to create ‘space’ for the “reforms” in their tax legislation.  The buck slashing needs to stop here.

Please contact Senator Dean Heller, and let him know that these are not Nevada priorities.

202-224-6244

702-388-6605

775-686-5770

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Deflection, Distraction, and Destruction: Trump & the GOP

“…this is exactly what Trump does when he’s in trouble. He finds an enemy and punches as hard as he can.”  [WaPo]

Now, why is he in trouble? And,  what will happen today in Reno at the American Legion convention?  Additionally, who will be standing with the President at the closed to the public event?  The Nevada Independent, which if you’ve not already bookmarked you should, reports: (1) Adam Laxalt, Tea Party Darling will gleefully meet the President and has wrangled radical right wing VP Pence to his Basque food-fest; (2) Dean Heller, maybe not so much but then he won’t say — so what is new about the Heller rope-a-dope strategy? (3) Mark Amodei (R-NV2) showed up Tuesday and may have skedaddled? “A spokeswoman for Amodei did not respond to a follow up question as to whether or not the congressman would meet with Trump while the president is in Reno.” (4) Governor Sandoval appears to be adopting the Republican Gubernatorial Avoidance Strategy — meet him at the airport and then scamper off out of sight thereafter.  If the crowd is thinning, then why the Great Counter Punch?

What makes the President go into full attack mode?  What sends him off on tangents about white supremacy, statues of CSA ‘heroes,’ and “the Media?”  There’s a pattern, the deflection and distraction flare as the investigation of his connections to the Russians progress.

Why did he fire former FBI Director James Comey? Why was he upset with A.G. Jeff Sessions?  Why did he hammer Sen. Mitch McConnell? — Why the “profane shouting match?

“During the call, which Mr. Trump initiated on Aug. 9 from his New Jersey golf club, the president accused Mr. McConnell of bungling the health care issue. He was even more animated about what he intimated was the Senate leader’s refusal to protect him from investigations of Russian interference in the 2016 election, according to Republicans briefed on the conversation.”

What happened prior to August 9, 2017 that’s increased the need for deflection and distraction?

On August 1, 2017 PBS reported that the President dictated the message delivered by his son concerning the meeting at Trump Tower during the campaign with a small host of Russians who were very interested in “adoptions” (read: getting rid of the Magnitsky Act sanctions.)  The President’s assertions that the investigation is fake news and a witch hunt cracks a bit when it’s known that HE was aware of the trouble his son was in for taking and arranging that meeting.  On August 3, 2017 the President grudgingly signed the new Russian sanctions bill dictated by Congress. No fanfare, no ceremony, and two explanations or signing statements.  That was the same day the Wall Street Journal reported that Special Counsel Robert Mueller had impaneled a grand jury in the District of Columbia.

Senator Richard Blumenthal (D-CT) spoke out in support of the Grand Jury, and Mr. Mueller’s continuing investigation of all matters related to Russian interference, and thereafter was rewarded by a “tweet storm” of abuse from the President, reported on August 7th.  The Special Counsel investigators raided the home of former Trump Campaign manager Paul Manafort on August 9.  They were looking for tax documents and foreign banking records, and since they didn’t merely ask Manafort’s legal team for them we can safely assume Mr. Manafort was (a) not as cooperative as his press comments made him out to be, and (b) in possession of things he might very well want to destroy before they landed in Mr. Mueller’s hands.

Events in Charlottesville, VA on August 12 and 13, 2017 intervened to capture public attention as Neo-Nazis and white supremacists took center stage, and as the President waffled about who might have been “responsible.”  Presidential commentary about “history” and “heritage” as if they are synonymous deflected and distracted from the continuing Russia probe.

Fast forward to August 22, 2017 on which it is revealed that the “Trump Dossier” re-emerges into the public consciousness.  Spokespersons for the President have tagged the dossier as “unsubstantiated,” “debunked,” or “unproven” as a general matter, without noting that individual contentions within the document are still under investigation.  The president of the company underwriting the dossier has now spent an entire working day with the staff of the Senate Judiciary Committee.    Interestingly enough, the President chose to spend a significant amount of his time during a campaign rally in Phoenix on August 22nd railing about “fake news” and the “unfair media.”

Those dismissing the dossier as “debunked” may be a bit premature.  The origin of the dossier investigation lies within the “never Trump” wing of the GOP, and after Trump secured the GOP nomination the Clinton Campaign was interested in the contents.  For a “debunked” piece of investigation it’s certainly had an impact, and the FBI now has information from the author about his sources, again as of August 22nd.  If some of the allegations in the Steele Dossier can be sourced, investigated, and substantiated, then the generalized “debunking” portion of the President’s defense can start to crack.  And, we wonder why he spent an inordinate amount of time denouncing the media on the evening of August 22, 2017?  Deflection and Distraction?

Perhaps now this paragraph concerning the cracks reported by the New York Times in the McConnell/Trump relationship makes more sense:

“During the call, which Mr. Trump initiated on Aug. 9 from his New Jersey golf club, the president accused Mr. McConnell of bungling the health care issue. He was even more animated about what he intimated was the Senate leader’s refusal to protect him from investigations of Russian interference in the 2016 election, according to Republicans briefed on the conversation.”

Why would the President become “more animated” about Senator McConnell’s purported failure to “protect” him?  Does the President demand Senator McConnell “protect” the President from the Senate Judiciary and the Senate Select Committee on Intelligence?

Protect him from What?  Destruction?  The gamble for Republicans — from reluctant Senator Heller to enthusiastic Adam Laxalt — is whether to hitch their political futures to the distraction/deflection tactics of the current administration or cut loose and hope he doesn’t lead them to destruction.

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