McCormick objects to Passaic mayoral salary increase


Passaic Mayor Hector Lora and Lisa McCormick

Democrat Lisa McCormick is urging Passaic Mayor Hector C. Lora to veto any salary increase approved by the City Council, saying he new the score when he sought the post in the city’s nonpartisan election in May.

McCormick says she enjoyed an exchange of comments with Lora through Facebook and believes the issue has broad ramifications.

“The proposed pay hike insults residents paying a tax hike to cover the $2 million in budget due increases to higher municipal salaries, but there is also a principle at stake,” said McCormick, who pointed out that she has addressed the issue on her website.

No ‘pre-election’ pay hike
No elected official should be entitled to a change in salary unless an election has transpired after the compensation has been set for the job.

“You knew what the job paid when you asked voters to elect you,” said McCormick. “Voters want a corruption-free administration, and there in no greater nobility in robbing the public in plan sight then there is in sneaking around collecting bribes from developers.”

“Former Mayor Alex Blanco pleaded guilty in federal court last November to stealing $110,000 of federal HUD funds through bribes from two developers,” said McCormick. “This pay hike would deprive taxpayers of $170,820 over the next four years.”

The City Council is weighing a 60 percent pay raise that would take effect one day before Lora is to be sworn in to his first full term July 2. The governing body introduced an ordinance this week increasing the mayor’s salary from $72,295 a year to $115,000.

Lora was appointed as acting mayor in November, filling the vacancy left by previous Mayor Alex Blanco’s resignation, and he easily defeated his main rival, Richard “Richie” Diaz, a former school board president and public safety director, 5,716 to 1,753 votes.

GOP puts America on a road to economic disaster


Lisa McCormick‏ is warning people to “brace for impact” as Republicans seem intent on hijacking democracy and derailing the economy with dangerous, greedy policies moving through Congress.

“Every Republican president presided over economic calamity: Prepare yourself for the Trump Slump: Tax cuts for the rich, Millions uninsured,” said McCormick‏ in a recent post on Twitter. “Every Republican president presided over economic calamity: Reagan Black Monday; Bush’s jobless recovery; Bush Jr 9-11 & Great Recession.”

McCormick‏ explained that Republicans favor the rich, which includes an increasingly smaller number of people and corporations, and those powerful and wealthy interests do not behave intelligently just because they have more money.

“When you think about economic rationally, you see that ‘a rising tide lifts all boats,’ to use a phrase commonly attributed to John F Kennedy,” said McCormick‏. “Unfortunately, people often do not act responsibly or rationally, but they are instead driven by emotion, in the current case, greed.”

“It also appears that self-interest obscures the realistic understanding of what makes America great. ‘The test of our progress is not whether we add more to the abundance of those who have much it is whether we provide enough for those who have little,’ according to Franklin D. Roosevelt,” McCormick‏ said. “The current Republican president is driving toward a future that dangerously threatens economic stability in the world by depriving health insurance coverage to millions Americans, accelerating the pace of climate change and advancing the demand for austerity or magnitude of our national debt.”

McCormick‏ said Trump Republicans have dislodged the United States from its position as leader of the free world, recklessly moved to reduce government revenue needed to pay for a strong military, and sacrificed our fundamental wealth by selling off public assets to finance short term infrastructure improvements.

“The Goldman-Sachs infrastructure scheme proposed by the Trump administration means selling off roads you own to some international conglomerate that will start charging you to drive on them,” McCormick‏ said. “It is the same thing Jon Corzine wanted to do with New Jersey toll roads, except the federal interstate highways are free for all to use. It is a poor choice for dealing with public debt and I warn all Americans to brace for impact as the GOP puts our nation on the road to economic disaster.”

McCormick: President Trump’s budget proposal would bury the U.S. in debt


New Jersey Democrat Lisa McCormick says President Trump’s budget proposal would bury the U.S. in debt, he makes no effort to fulfill the pledge to generate $1 trillion for restoring America’s sagging infrastructure and by trading defense spending for deep cuts in domestic programs, it immediately endangers the quality of life for most Americans.

Trump’s first budget as president would increase the debt by more than $3 trillion—but only through unrealistic assumptions about economic growth and double-counting of tax revenue. In reality, economists believe economic growth is not going to improve just because we cut taxes on the rich. It has not worked the last four times and it will not work now.

Trump would lower spending in Health and Human Services ($15.1 billion), State Department ($10.1 billion), and Education ($9.0 billion), not to mention the foolhardy one-third decline in EPA spending.  Those ‘savings’ are going to mean more disease and suffering, more war and strife and less educated and trained citizens contributing to our national prosperity because an ounce of prevention is worth a pound of cure.

There is no transparency and accountability in this administration but there is clearly a lack of respect and understanding about what our government does, because cutting spending does not always save money and spending more does not always get better results but spending more than you have always puts you in a hole.

Complexity is lost on this administration, which means voters have got to get smarter.

 

McCormick pleased by appointment of special prosecutor


New Jersey Democrat Lisa McCormick praised the US Deputy Attorney General Rod J. Rosenstein for appointing former FBI Director Robert S. Mueller III to serve as special prosecutor to oversee the investigation of Russian efforts to influence the 2016 election, any collusion by the GOP presidential campaign and President Donald Trump’s subsequent actions.
“President Donald Trump’s decision to fire the FBI director investigating Russian involvement with the 2016 presidential election does not just make him look guilty, because obstruction of justice is itself a crime,” said Lisa McCormick, a New Jersey Democrat who recently sponsored an online petition demanding the appointment of a special prosecutor. “This is our opportunity to get the answers we need for a functioning democracy because no one is above the law in America, no matter who they are or how much money they have, and that goes for the President, too.”
Booking agents may arrange interviews with Lisa McCormick by calling 774-338-4630

Governor Christie cut environmental protection budget


When Governor Chris Christie took office, the Department of Environmental Protection (DEP) budget was $387 million but it will drop to $274 million under the Republican’s latest spending plan, more then $2 million less than the state spent last year.

“Cutting environmental protection is like surrendering to an attack on the lives, health and safety of our citizens,” said Lisa McCormick, a Democratic activist. “If a foreign country polluted our air or water, jeopardizing the lives of innocent Americans, Republicans like Chris Christie would be screaming for war but when corporate polluters spread cancer among our kids, these GOP politicians push tax breaks instead.”

“There is no way to justify a 30 percent reduction in environmental protection while we have lax enforcement of laws designed to protect our land, air and water,” said McCormick. “Some issues still facing New Jersey are sewer overflows, unhealthy air quality, polluted waterways, and cleaning up the legacy of toxic waste dumps.  New Jersey’s environmental problems are well-known, but Christie shows no concern for these dangers because he does not care about our children and taxpayers who are at risk.”

McCormick was not alone in faulting the Republican spending plan for its environmental weakness.

“Every year, the Governor’s priorities in the budget are wrong; he gives tax cuts to corporations and budget cuts to important environmental programs,” said Jeff Tittel, of the Sierra Club. “This year he has continued to cut more DEP staff and programs, while rolling back environmental protections.”

“Commissioner Martin is trying to put a good face on the department where staff is down, morale is low, and the remaining staff left are spending all of their time rolling back environmental protections,” said Tittel. “What he is doing is trying to justify the unjustifiable and defend the indefensible.”

“Claims that government regulations hold back the economy ignore the roots of our real problems, such as the collapse of the housing market, the financial crash and inadequate demand,” said McCormick. “Our economy was booming when America had high taxes rates on the wealthy and corporations, effective regulation to protect consumers and the environment, investment in infrastructure and our people, combined with strong unions to insure fair wages and increasing benefits.”

“Our economy cannot function without a healthy environment,” said McCormick. “It is short-sighted to ignore life-threatening dangers to save a few dollars. Big tax cuts for the wealthy and shifting burdens from the rich to the poor are terrible injustices that have become all too common. Chris Christie is to blame.”

Murphy invested in profitable corporations that paid no taxes


Goldman Sachs billionaire Philip D. Murphy has corporate connections that make him unqualified to lead in government, according to a vocal critic who charged that his campaign for governor would be “a hostile Wall Street takeover of the Democratic Party and New Jersey” because he invested in corporations that stashed profits in offshore accounts so they could pay no taxes.

“I am very disturbed by the stock selections in which this greedy billionaire has invested,” said Murphy detractor Lisa McCormick. “Tobacco companies, polluters, ‘too big to fail’ banks, military contractors, and companies that are known for cheating workers and robbing taxpayer subsidies, such as Walmart, make up a large part of Phil Murphy’s stock portfolio and it reflects shameful greed.”

“Perhaps most alarming, greedy Phil Murphy owns stock in 15 of the 18 profitable tax-dodging corporations that paid no federal income tax at all from 2008 to 2015,” said McCormick. “The same greedy corporations President Donald Trump wants to reward for evading their responsibility to pay taxes and paying dividends to Phil Murphy. He owns stock in many of the 258 corporations that paid no federal income tax in one or more years despite showing big profits.”

“Phil Murphy invested in profitable corporations that paid no taxes,” said McCormick. “These tax-dodging corporations stashed about $2½ trillion in overseas accounts so they can cheat everyone else in America. Understand that a trillion is a million times a million, so we are talking about a lot of money and Phil Murphy, as a former Goldman Sachs partner and top level Wall Street executive, he knows they are putting profits ahead of patriotism.”

McCormick said a financial disclosure statement filed with the Election Law enforcement Commission reveals hundreds of companies in which Murphy has stock holdings.

Also, McCormick said corporate tax cheaters, billionaires buying elections and the resulting economic inequality that is distressing so many Americans demands a cure that is not going to come from someone among the richest one-percent of the population.

“The time has come to consider new, bold ways to make our economy work again for all Americans. In a time of immense wealth, no one should live in poverty, nor should the middle class be consigned to a future of permanent stagnation or anxiety,” said McCormick, who is supporting Senator Raymond Lesniak for the Democratic nomination. “Handing power to a greedy Wall Street billionaire is not going to accomplish the economic justice for which Americans are starving, no matter what poll-tested rhetoric he utters in expensive TV commercials.”

“There are some wonderful investment opportunities in socially conscious businesses, but greedy Phil Murphy did not put his money where his mouth is, he bought stock in companies that have shafted working Americans and decimated this nation’s middle-class,” said McCormick.

 

Millionaire Murphy does not deserve your vote


Phil Murphy owns stock in 15 of the 18 profitable global corporations that paid no federal income tax at all from 2008 to 2015! Tax dodging corporations make Murphy rich, so we know he does not care about you. He does not ‘have your back’ but he does have your money!

Donald Trump’s tax plan is designed to shift wealth from the working middle class to the richest and most privileged people in our population. Like Robin Hood in reverse, he wants to steal from the poor and give to the rich. Phil Murphy is the beneficiary of that scheme. There is nobody less suited to lead New Jersey in a time when the rich and powerful have exploited their position and taken advantage of everybody else.

For almost 40 years, working middle class Americans have been victims of a class war. We must fight back.

Murphy was paid dividends from 15 of 18 corporate tax dodgers that paid no federal corporate income taxes in any year between 2008 and 2015, despite making large profits in excess of $163 million.
Philip Murphy was paid dividends from 15 of 18 corporate tax dodgers that paid no federal corporate income taxes in any year between 2008 and 2015, despite making large profits in excess of $163 million.

Lisa McCormick honors Older Americans Month


Some of today’s grandparents and great-grandparents were born during the Great Depression, lived through World War II, witnessed the rise and fall of both fascism and communism, fought in Korea and Vietnam, marched with Martin Luther King, Jr., and watched the first man walk on the Moon. Now, they surf the Internet and share family photos on phones that connect them to a world that is richer and freer than the one into which they were born.

As a senior, your confidence and experience give you an important role in your family, friendships, and community. But you may also face some challenges—from managing your finances and avoiding scams and fraud to staying healthy and more.

In honor of Older Americans Month, New Jersey Democrat Lisa McCormick is sharing this guide from USAGov can help empower you to meet those challenges and make the most of life.

SaveExplore a wide range of housing options to reduce your living expenses, including affordable housing and reverse mortgages for seniors. And take advantage of the great outdoors with anAmerica the Beautiful Senior Pass for just $20. This gives you lifetime access to over 2,000 recreation sites, including national parks and a lot more. Plus, the proceeds from your pass can help improve visitor and recreation services.

Nourish – Healthy eating on a fixed income can be challenging. Learn tips from the National Institute on Aging to help manage meal planning and food costs. And explore other food and health services from state and local agencies and from organizations in your community.

Organize – Life can take unexpected turns, but being organized can help you and your family move forward. It’s important to get your affairs in order now so you and your family won’t have to worry about legal documents and other important paperwork later on. And planning for the possibility of long-term care will help you be ready for future decisions about housing, health, financial, and legal decisions.

ReportScammers frequently target seniors, leading to devastating financial losses. Help the people you know to avoid scams and fraud by sharing these tips and handouts with your family, friends, and community. And make sure to report identity theft and other common scams to the Federal Trade Commission (FTC). Use the Online Complaint Assistant or call 1-877-FTC-HELP (1-877-382-4357) or TTY 1-866-653-4261.

Secure – Managing your money carefully and keeping your personal and financial information safe can help secure your retirement funds. Find a wide range of tools for financial security as you age, including tips on managing debt and the trade-offs between taking your pension in a monthly payout or in a lump sum. And use the Social Security retirement planner and online calculators to help you decide the best age to start receiving benefits.

Get more tips on how to save for retirement, improve your health and wellness, and achieve other important goals from USA.gov, your online guide to government information and services.

McCormick pleased NSA will stop spying on Americans’ emails


Democrat Lisa McCormick issued the following statement in response to the National Security Agency’s (NSA) announcement that it will stop collecting Americans’ Internet communications that may include mentions of a foreign intelligence target. The announcement marks a break in years of NSA policy to collect email, texts, and other Internet communication that merely mention identifying terms for foreign targets, but are not to or from those targets, also known as “about” surveillance.

NSA Stops Certain Foreign Intelligence Collection Activities Under Section 702

Statement: NSA Stops Certain Section 702 “Upstream” Activities

I am glad to hear the Fourth Amendment protections against unwarranted searches will be restored, at least in part, with this long overdue announcement. The unconstitutional invasion of our privacy never protected national security, but it made us less free or fearful of sharing our personal secrets with people we trust.

The National Security Agency is no longer collecting Americans’ emails or texts exchanged with people overseas that simply mention foreigners the agency is spying on, unless the messages are to or from those specific intelligence targets. This is a step in the right direction but America must learn to think differently.

The NSA’s mass surveillance program invaded millions of Americans’ telephone records, snooped on emails, and peaked at private pictures but there was no real legal foundation for it and it wasn’t stopping terrorism.

A strong national defense is only part of our government’s responsibility to protect civil liberties, ensure justice and promote the general prosperity and equality of our people. More and more, we live in a global society and it is time to understand that only by advancing human rights for everyone may we achieve peace and freedom.

Losing sight of that fact created many of our problems. Terrorism is a crime that only works when we give in to fear. The idea that foreign terrorists pose a grave threat to Americans is false. Ordinary crime, preventable illness and predictable accidents are more common dangers to most of us than any far away threat.

Military and foreign policy experts say President Trump’s efforts to prohibit people from seven majority-Muslim nations actually worsens the threat of terrorism because it sows discord among the 220 million people who live in those nations and throughout the international community. Clearly, President Obama’s drone strikes have inspired more antipathy toward Americans from our brothers and sisters around the world. President Bush unleashed chaos and cultivated hatred not only toward the West but among various sects within Islam, who have devolved into a massive religious civil war.

I want to congratulate Edward Snowden, who revealed that the massive scale of the government’s spying operations far exceeded what is legal. On Twitter, Snowden said, ‘People said speaking up isn’t worth the risk. Today, we can see they were wrong. Blow the whistle, change the world.’ I hope this victory inspires more people to have the courage to try changing the world. I also urge President Trump to pardon the courageous American patriot who made this progress possible.

Quite frankly, very few Americans have died from terrorist attacks and we should no longer live in fear or let our policies be guided by blind panic. We should stop killing people in far away places. We should stop foolishly wasting money. We should stop spying on innocent people. We should abandon silly ideas about building a wall and adopt immigration reforms to secure our borders, establish a path to citizenship for undocumented aliens who live here and restore our status as a  beacon of freedom.

According to a September 2016 study by Alex Nowrasteh at the Cato Institute, 3,024 Americans died from 1975 through 2015 due to foreign-born terrorism, and almost all of them were victims in the 9/11 attacks by al Qaeda agents perpetrated on September 11, 2001.

 

McCormick endorses Corporate Tax Dodging Prevention Act


Instead of rewarding companies that stashed money in overseas tax havens, Lisa McCormick says Congress should enact the Corporate Tax Dodging Prevention Act, which would close loopholes by taxing the $2.4 trillion that American corporations currently hold offshore at the full corporate tax rate of 35 percent.

McCormick says Republican President Donald Trump put forward a tax plan that would cut the corporate tax rate by more than half, but she calls that a bad idea because it rewards companies for cheating taxpayers by evading their responsibility to share the cost of our government.

“The Institute on Taxation and Economic Policy (ITEP) examined federal income taxes paid or not paid by 258 of America’s largest and most profitable corporations in the eight years between 2008 and 2015 — and learned those companies reported total pretax U.S. profits of more than $3.8 trillion,” McCormick said. “During that time, corporate taxes funded just 10 percent of our government. The economy was booming and growing at an annual average rate of 3.9 percent between 1950 and 1960, when the corporate tax rate was over 50 percent and those business taxes provided 28 percent of our government revenue.

While the federal corporate tax law ostensibly requires big corporations to pay a 35 percent corporate income tax rate, the 258 corporations in the ITEP study paid on average slightly more than half that amount, or 21.2 percent over the 2008 to 2015 period.

Murphy was paid dividends from 15 of 18 corporate tax dodgers that paid no federal corporate income taxes in any year between 2008 and 2015, despite making large profits in excess of $163 million.
Philip Murphy was paid dividends from 15 of 18 corporate tax dodgers that paid no federal corporate income taxes in any year between 2008 and 2015, despite making large profits in excess of $163 million.

Many companies paid far less, including 18 that paid nothing in federal corporate income taxes at all over the entire eight-year period, at least 15 of which are in the stocks that paid dividends to Wall Street billionaire Phil Murphy, a former Goldman Sachs executive who McCormick says is trying to buy the Democratic nomination for governor.

McCormick says Murphy, who would be a big beneficiary from Trump tax cuts, profits off corporate tax dodgers and that makes him unfit to be governor and unworthy of Democratic Party support.

The Institute on Taxation and Economic Policy released a report in March showing that 100 large, profitable corporations paid zero or less in federal income taxes at least once in the last eight years.

Eighteen corporations, including General Electric, International Paper, Priceline.com and PG&E, received tax refunds from the IRS on their combined profits from 2008 to 2015.

The study also found that 48 corporations paid an effective tax rate of less than 10 percent over that period. On average, large, profitable corporations in the United States paid an effective federal income tax rate of 21.2 percent over the eight-year period, slightly over half than the statutory 35 percent tax rate.

Citing that evidence showing many profitable corporations evade paying any U.S. income taxes, Sens. Bernie Sanders (I-Vt.) and Brian Schatz (D-Hawaii) introduced a bill to eliminate tax breaks encouraging corporations to shift jobs and profits offshore. Rep. Jan Schakowsky (D-Ill.) introduced a companion bill in the House.

“Here’s the simple truth. You can’t be an American company only when it benefits you.  You also have to be an American company when it comes to paying your fair share of taxes,” Sanders said. “Instead of giving a $550 billion tax break to corporate tax dodgers as President Trump has proposed, our legislation will raise at least $1 trillion in new revenue over the next decade.”

“Every year, we give over $100 billion in tax breaks to multinational corporations that send profits and jobs overseas,” said Schakowsky. “The Corporate Tax Dodging Prevention Act closes those loopholes and makes multinational corporations pay the taxes they already owe on offshore profits. I am proud to join Sens. Sanders and Schatz in our effort to make our tax code fairer and generate much-needed revenue to invest in priorities for America’s working families.”

“The Sanders-Schatz-Schakowsky legislation would stop letting American corporations avoid paying U.S. taxes on profits they hold offshore, stashed in tax havens like Bermuda or the Cayman Islands,” said McCormick. “The bill would make several other reforms, including a ban on American corporations pretending to be foreign companies for tax purposes or using other deceptions to justify an offshore tax haven.”

“Abuse of offshore tax havens is one reason why American corporations today pay far less than the 35 percent tax rate that is supposed to apply to their profits,” said McCormick, who called Trump’s plan to ‘repatriate’ money from those corporate tax dodgers “a reward for cheating American workers who pat their taxes.”

McCormick said the legislation is supported by the AFL-CIO, Public Citizen, Americans for Tax Fairness, U.S. Public Interest Research Group, the American Federation of State, County and Municipal Employees (AFSCME), the Institute on Taxation and Economic Policy and several other organizations throughout the country.

To read the bill, click here.

To read a summary of the bill, click here.

To read a list of the top 12 corporate tax dodgers, click here.