Tag: midterm elections

Progs Retract Call to Negotiate with Putin

Letter Was Drafted Last Summer – The Progressive Congressional Caucus has retracted a letter sent to President Biden Monday urging him to engage in direct diplomatic relations with Russia over its invasion of Ukraine, NPR’s All Things Considered reports. Caucus Chair Rep. Pramila Jayapal (D-WA) announced the retraction and took responsibility for the letter, which she said was drafted June 30, before Ukrainian soldiers began taking back land claimed by Russian military forces. 

Thirty Democratic lawmakers signed the letter June 30, and several wondered out loud Tuesday why it was sent out, according to Jayapal, “without vetting.” She said the letter was being conflated with Minority Leader Kevin McCarthy’s (R-CA) statement last week to Punchbowl News that House Republicans “would not write a blank check” to Ukraine if the GOP retakes the lower chamber after the midterms.

John Kirby, White House coordinator for Strategic Communications at the National Security Council responded to the letter, saying “Mr. Putin is in no mood to negotiate.”

Upshot: If Progressive Congressional Caucus members thought a letter urging negotiations with Putin was more reasonable and realistic last June than McCarthy’s statement last week, they were not paying attention to Ukraine President Volodymyr Zelinskyy.

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Momentum on the Left has Left (MON 10/24/22)

Democrats Peak Early – There is “growing angst” among Democratic leaders that concerns over inflation and the economy have overtaken the negative reaction to the Supreme Court’s decision overturning Roe v. Wade last summer in driving voters to the midterm polls, The Hill reports, echoing analyses at other mainstream news outlets. Consensus is that the assumption held before SCOTUS’ late-June 5-4 ruling on Dobbs v. Jackson Women’s Health that the traditional flip of the House and Senate majorities against the president’s party would indeed be the result of the November 8 elections.

The Polls: According to NBC News’ latest poll, 70% of voters show “high interest” in the midterms. However, that breaks down to 78% of Republicans expressing “high interest” versus 69% of Democrats, compared with 68% of Republicans and 66% Democrats in August telling pollsters they are highly interested in the elections. FiveThirtyEight reports a “dead heat” in the race for majority in the Senate, and a three-in-four chance Republicans will take over the House of Representatives. 

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Discuss these issues in the left or right column Comment box or email editors@thehustings.news.

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Sinema’s Defense of the Interest Tax Provision

Senate Democrats were on edge last week when Sen. Krysten Sinema (D-AZ) reportedly had to study the entire 755-page Inflation Reduction Act before committing to providing the final necessary vote to pass the filibuster-proof budget reconciliation package. Sinema held out until Democrats removed the bill’s carried interest tax provision and tweaked the 15% minimum corporate tax. 

While fighting for the rights of hedge fund managers once was considered a “Republican” sort of thing, that is easily disproved by how bi-partisan investment professionals are when they contribute to political campaigns. 

According to Open Secrets, Sinema received $2,257,315 in campaign contributions from securities and investment individuals and political action committees, between 2017 and 2022 ($318,000 of that was from PACs, the rest from individual investment managers).

In the end it worked out for the bill, as Senate Majority Leader Chuck Schumer (D-NY) dropped the new tax for hedge fund managers from the bill, costing $580 million, according to The Hill, and replaced it with a new tax on corporate buybacks to bring in an additional $1.3 billion. 

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Hope for Democrats This November? ...

Last week, Minority Leader Mitch McConnell (R-KY) predicted the November midterm elections could go either way for the Senate, with his fellow Republicans taking a slight majority, or Democrats taking a slight majority. No one is predicting either party will win a filibuster-proof edge. 

Will the Senate’s passage of the Inflation Reduction Act help stem the traditional midterm sweep by the president’s opposing party? What do you think of the bill’s provisions?

Enter your opinion in the Comment box in this or the right column, or email editors@thehustings.news (subject to editing for length and clarity, but not civilly stated content). 

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