lpetrich
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Federal Support Ends For Coronavirus Testing Sites As Pandemic Peak Nears : Coronavirus Live Updates : NPR
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Alexandria Ocasio-Cortez on Twitter: " The Trump admin is ENDING FEDERAL FUNDING for coronavirus testing sites on Friday
Yes, you read that right. It’s completely irresponsible.
If anything, we should err on the side of testing “too much” - we’re *nowhere* near that.
Trump ending support now will cost lives. https://t.co/vN1Sd7GMiH" / Twitter
Cut salaries, taxes to reopen U.S. economy says Laffer, conservative fave - Reuters
All Things Considered on Twitter: "The federal government will end funding for coronavirus testing sites on Friday. While some sites will transition to being state-managed, others will close as a result. This as criticism continues that not enough testing is available. https://t.co/DuBCbJoRDO" / TwitterSome local officials are disappointed the federal government will end funding for coronavirus testing sites this Friday. In a few places those sites will close as a result. This as criticism continues that not enough testing is available.
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A spokesperson for the U.S. Department of Health and Human Services tells NPR, "Many of the Community-Based Testing Sites (CBTS) are not closing, but rather transitioning to state-managed sites on or about April 10."
The agency and a spokesperson for FEMA say the CBTS program originally included 41 sites. It was intended as a stop-gap to bring testing to critical locations, especially for health care facility workers and first responders.
"The transition will ensure each state has the flexibility and autonomy to manage and operate testing sites within the needs of their specific community and to prioritize resources where they are needed the most," the HHS spokesperson said.
then
Alexandria Ocasio-Cortez on Twitter: " The Trump admin is ENDING FEDERAL FUNDING for coronavirus testing sites on Friday
Yes, you read that right. It’s completely irresponsible.
If anything, we should err on the side of testing “too much” - we’re *nowhere* near that.
Trump ending support now will cost lives. https://t.co/vN1Sd7GMiH" / Twitter
Cut salaries, taxes to reopen U.S. economy says Laffer, conservative fave - Reuters
From last year, Why are we still pretending 'trickle-down' economics work? | Morris Pearl | Opinion | The Guardian - "Sadly, Laffer’s career has been heavy on punditry, light in academic rigor, and absolutely destructive for the average American and the long-term health and sustainability of our economy."Tax non-profits. Cut the pay of public officials and professors. Give businesses and workers who manage to hold on to their jobs a payroll tax holiday to the end of the year.
What about the extra aid funneled to newly jobless workers by the $2.3 trillion fiscal rescue package? Such government spending, Laffer told Reuters in an interview, will only serve to deepen the downturn and slow the recovery.
“If you tax people who work and you pay people who don’t work, you will get less people working,” Laffer said. “If you make it more unattractive to be unemployed, then there’s an incentive to go look for another job faster.”
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Most economists agree here that the United States' consumer spending-driven economy can't be "reopened" until testing is widespread enough that infected people can be identified and isolated.
Ronald Reagan and other Republicans loved that idea.It all began in 1974, when Laffer walked into a bar with Dick Cheney and Donald Rumsfeld, who were working for the Ford administration at the time. Out of it came the “Laffer curve,” a U-shaped graph illustrating the relationship between tax rates and revenue.
The ends of the curve are basic enough – at a tax rate of 0, the government will raise $0 in revenue, and at a tax rate of 100, the government will still raise $0 in revenue because people won’t work without take-home pay.
At the extremes, the Laffer curve is correct, but that doesn’t tell us anything about the points in the middle. Laffer’s idea, however, was that a “tipping point” existed on the continuum in between, where people’s incentives to work and invest decreased because tax rates were too onerous.
The problem is that the promised bursts of economic growth never happen. What happens instead is increased deficits. Republican activist Grover Norquist advocates tax cuts to "starve the beast", and what he advocated has been what has happened. To use Norquist's terminology, the Lafferites promise that tax cuts will "feed the beast".More recently, in Kansas, where an extreme version of Laffer’s theory was implemented and tax rates were cut by nearly a third, the state suffered one of the worst fiscal disasters in recent history.
The Laffer curve has done immense damage to the US economy in the 40 years since its inception. It also ignores a fundamental reality: tax cuts for the rich don’t work.
Each and every time state or federal governments have tested Laffer’s trickle-down theory, deficits balloon, rich folks hoard their wealth at the top, and average Americans suffer.
The greatest periods of growth in our country, such as the 1950s and 1990s, have coincided with decisions to raise taxes on wealthy individuals and corporations.