Economy

Press Advisory: Exposing ALEC’s Economic Agenda in the States

Washington— On Wednesday, February 13, 2013, the Economic Policy Institute will host a media conference call on the economic policy agenda promoted by the American Legislative Exchange Council (ALEC)—an agenda that would weaken state economies, harm working families and put the interests of corporations and the most affluent households before the common good.

What Is Visa Hiding? Majority Shareholders Thwart Effort to Require More Disclosure of Money Spent on ALEC

ALEC brochure lists VISA as a major underwriterA majority of Visa shareholders rejected an effort to require the company to provide more disclosure about its role in the American Legislative Exchange Council (ALEC) and related lobbying activities. Boston Common Asset Management, an investment firm focused on socially responsible investing, and the Unitarian Universalist Association of Congregations (UUA), a religious organization that affirms the inherent capacity for good in human beings, filed a resolution to require the company to disclose all payments used for lobbying purposes, including payments to groups like ALEC. In all, over 100 million votes were cast in favor of the resolution -- 37% -- but that substantial outpouring of support for greater transparency accounted for less than a majority of the votes cast by Visa shareholders.

Destructive Interstate Job Piracy on the Rise, Says New Report

Cover of Good Jobs First "Shell Game" reportWith the nation still grappling with high unemployment and depressed tax revenues, many states are stepping up efforts to lure jobs from neighboring states -- paying firms a fortune to jump state lines. Wisconsin Governor Scott Walker, for instance, is actively trying to poach jobs from Illinois and changed the Wisconsin welcome signs to proclaim "Wisconsin -- open for business."

ALEC-Inspired Union-Busting Bill Narrowly Passes in Michigan as Koch Group Cheers

Today in Michigan, Gov. Rick Snyder and his GOP controlled lame-duck legislature pulled a fast one, introducing and then ramming through the House and the Senate so-called "right to work" legislation. The bill was introduced at 11 a.m., passed the House at 5 p.m. by a narrow margin and the Senate at around 6:00 p.m. When the process is complete and the bill is signed, Michigan will become the 24th right to work state.

ALEC's Economic Policies Do More Harm Than Good, New Report Shows

Corporate lobbyists and right-wing legislators of the American Legislative Exchange Council (ALEC) will be gathering in Washington, DC today for ALEC's annual States and Nation Policy Summit. Today also marks the release of an in-depth report on the failure of ALEC's economic recommendations for the states. The report claims that "states that were rated higher on ALEC's Economic Outlook Ranking in 2007," the first year the ranking was published, "have actually been doing worse economically in the years since, while the less a state conformed with ALEC policies the better off it was."

Hide the Kids, the Elderly, the Sick & the Poor! Paul Ryan is Headed for the Cliff

After an electoral shellacking and exit polls that show the vast majority of Americans are on Barack Obama's side when it comes to the major issues of the day, Paul Ryan is headed back to Congress convinced that he espouses "very popular ideas" and calling the 2012 results "a very close election."

With this mind-set Ryan is prepping to turn the "fiscal cliff" austerity debate to the advantage of the Social Security bashers and Medicare slashers.

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