October 2001 - VOLUME 22 - NUMBER 10
E D I T O R I A L
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Make way for the wartime opportunists. Corporate interests and their proxies are looking to exploit the September
11 tragedy to advance a self-serving agenda that has nothing to do with
U.S. national security and everything to do with corporate profits and
dangerous ideologies. Fast track and the Free Trade Area of the Americas. A corporate tax cut.
Oil drilling in Alaska. Star Wars. These are some of the preposterous
solutions and responses to the terror attack offered by corporate
mouthpieces. No one has been more shameless in linking their agenda to the terror
attack than U.S. Trade Representative Robert Zoellick. Writing in the
Washington Post last month, Zoellick proclaimed that granting fast-track
trade negotiating authority to the president to assist with the
ramming through Congress of a Free Trade Area of the Americas, designed
to expand NAFTA to all of the Americas, among other nefarious ends
was the best way to respond to the September 11 tragedy. Earlier enemies learned that America is the arsenal of democracy,
Zoellick wrote, Todays enemies will learn that America is
the economic engine for freedom, opportunity and development. To that
end, U.S. leadership in promoting the international economic and trading
system is vital. Trade is about more than economic efficiency. It promotes
the values at the heart of this protracted struggle. No explanation from Zoellick about how adopting a procedural rule designed
to limit Congressional debate on controversial trade agreements advances
the democratic and rule-of-law values he says the United States must project. Getting fast track passed isnt big businesss only priority
for the shrinking legislative calendar. The Fortune 500 has been whimpering
since George Bush was elected president and top administration officials
told the business community to silence their demand for corporate tax
cuts until after passage of the inequality-increasing personal income
tax cut. Even before the September 11 attack, business interests and the anti-tax
ideologues were increasingly making noise that corporate tax cuts were
the solution to the coming recession. Now they are beginning to argue that capital gains tax cuts and corporate
tax breaks are Americas patriotic duty. In releasing a study purporting to explain how a capital gains cut would
spur economic growth, the National Taxpayers Union (NTU) touted a capital
gains tax cut a tax break that exclusively benefits the wealthy
as an anti-terrorism initiative. By reducing the rate at
which capital gains are taxed, President Bush and Congress could help
revitalize the sagging economy and bring new revenues to Washington
decidedly aiding our war against terrorism, said NTU director of
congressional relations Eric Schlecht. As the economic situation worsened after September 11 and Congressional
consensus emerged around the idea of an economic stimulus plan, corporate
lobbyists began pushing favored taxbreaks as their patriotic proposals.
In what one lobbyist told Congress Daily was a total, out-of-control
feeding frenzy, corporate interests lined up to demand a repeal
of the alternative minimum tax, federal subsidies for state sales-tax
holidays, hyper-accelerated depreciation schedules and a host of other
handouts. Not wishing to be outdone, Senator Frank Murkowski, R-Alaska, didnt
wait long to explain how the terror attacks make it imperative to open
up the Arctic National Wildlife Refuge (ANWR). There is no doubt
that at this time of national emergency, an expedited energy-security
bill must be considered, the Alaska senator announced shortly after
the September 11 attack. Opening ANWR will be a central element
in finally reducing this countrys dangerous overdependence on unstable
foreign sources of energy, he said. Neither Murkowski nor the oil companies pushing for opening ANWR have
ever been able to offer a coherent explanation of how using up U.S. oil
reserves heightens energy security. Security rests in maintaining the
reserves. Real energy security and independence can only come from renewables
(particularly solar and wind) where the supply is plentiful and
infinitely renewing. Only a failure of public and private investment leaves
the country (and the world) unable to harvest renewable energy efficiently. And, of course, the purveyors of Star Wars couldnt let the opportunity
pass them by. The Center for Security Policy the center of a web
of defense industry-backed think tanks and organizations pushing for a
National Missile Defense program urged President Bush in advance
of his address to Congress to announce that this Administration
will use every tool at its disposal to ensure that the resources and latitude
needed to develop and deploy missile defenses are made available. A missile defense system even if it overcame the technical obstacles
which have so far proved insurmountable, after billions spent would
have done nothing to stop the September 11 attack. Nor would it do anything
to stop any other conceivable terrorist attack on the United States, none
of which involve might missile delivery systems. Opportunism and cynical manipulation of tragedy are nothing new in Washington.
But the proposals to exploit the September 11 tragedy for narrow corporate
aims mark a new low. The United States is emerging from a national mourning period. Now is the time to proceed with caution and care, as the nation seeks to address legitimate security concerns (e.g., airport security) and tend to victims of the attack. It is no time to rush through proposals on matters essentially unrelated to the attack, especially damaging and foolhardy proposals that have been unable to win popular or Congressional support when the public has had a chance to consider them dispassionately, and on the merits. |