Presidential fundraising scorecard: who's raising the most and who is most beholden to the ultra-wealthy and corporations?

Propublica's 2020 Presidential Candidate Summaries breaks down the 2020 candidates' fundraising, Trump's massive war-chest and Bernie's pack-leading raise and his continued success with small-money donations. Read the rest

Elizabeth Warren wants to force companies to warn investors about their risks from climate change

Public companies are legally required to disclose their risks to investors, but it's a rare company that incorporates climate change into those mandatory disclosures; under a new presidential campaign platform proposal from Elizabeth Warren (disclosure: I am a donor to both Warren and Sanders's campaigns), the SEC would require public companies to incorporate two kinds of climate risk in their warnings: first, the risks of an out-of-control climate (fires, floods, etc); and second, the risks from the a transition to clean energy (collapsing fossil fuel prices). The idea is to accelerate divestiture from climate-destroying industries like oil and fracking, and to spur investors to favor companies with a plan to mitigate the effects of climate chaos on their operations. Read the rest

Warren's fundraising surges

Continuing to climb in the polls, and our hearts, Elizabeth Warren delivers some impressive fundraising numbers.

NPR:

The momentum translated to fundraising. Warren took in $19.1 million in April, May and June — more than three times what her campaign raised during the first quarter of 2019, according to her campaign Monday.

The fundraising total is about $1 million more than Vermont Sen. Bernie Sanders raised, and about $7 million more than California Sen. Kamala Harris' second-quarter total.

Bernie Sanders attends the Fourth of July parade in Pella, Iowa. In polls and fundraising, Sanders is starting to be surpassed by fellow progressive Elizabeth Warren.

Warren's second-quarter fundraising trails only former Vice President Joe Biden and South Bend, Ind., Mayor Pete Buttigieg, both of whom devoted considerable time to attending high-dollar fundraisers across the country. Warren, by contrast, has made the unusual move of forgoing fundraising events.

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Robert Reich backs Elizabeth Warren's plan to break up Big Tech

Robert Reich (previously) served in the presidential administrations of Gerald Ford, Jimmy Carter, and Bill Clinton, was Clinton's labor czar, and sat on Obama's economic transition advisory board; though he is generally on the Democratic Party's left flank, his own history shows that he has credibility with the establishment wing of the party as well. Read the rest

Elizabeth Warren proposes a ban on private prisons and immigration facilities

Elizabeth Warren has added another plank to her prodigious and admirable campaign platform of well-thought-through, progressive, sensible, popular proposals for a Warren administration: banning federal agencies (including ICE and the Department of Corrections) from contracting with private prisons. Warren also wants to stop contractors from charging inmates fees for essential services (including price-gouging on phone-calls, videoconferncing, mail, and email), and forcing contractors to comply with FOIA requests for information on their activities on behalf of government agencies. Read the rest

Elizabeth Warren profile: portrait of a savvy politician who appeals to working people, and who can get stuff done

Sheelah Kolhatkar's 10,000 word New Yorker profile of Elizabeth Warren is mostly a "color piece," giving a sense of where Warren is coming from, personally and politically; as such, it's a good read, but mostly redundant if you've already read Warren's (very good) 2018 book This Fight Is Our Fight: The Battle to Save America's Middle Class; that said there's a couple of key political insights that are very timely for anyone trying to figure out whom to support in the Democratic presidential primary (I am a donor to both Warren's and Sanders's primary campaigns). Read the rest

Fox News poll has Trump losing to Sanders, Biden, Warren, Harris, or Buttigieg

From June 9-12, Fox News commissioned pollsters Beacon Research (D) and Shaw & Company (R) to survey 1,001 representative Americans; the poll concluded that if the election were called today, Sanders would beat Trump by 9 points, 49%-40%, as would Biden; Warren would beat him 43%-41%; Harris would beat him 42%-41%; and Buttigieg would beat him 41%-40% -- Sanders has acknowledged that "polls go up and polls go down." (via Naked Capitalism) Read the rest

Majority of American millionaires support a wealth tax on American millionaires

When Elizabeth Warren proposed a Thomas Piketty-style wealth tax (2% annually on family fortunes over $50m, 1% more on fortunes over $1b), she ballparked the returns at $1.9-2.75t over the first ten years. Read the rest

Elizabeth Warren wants Congress to uphold its duty and impeach the President

Maybe if a few more of our leaders READ THE REPORT. Read the rest

Gabriel Zucman: the Piketty-trained "wealth detective" who catalogued the secret fortunes of the super-rich and figured out how to tax them

Bloomberg's Ben Steverman offers a long and exciting profile of Gabriel Zucman (previously), a protege of Thomas Piketty (Zucman was one of the researchers on Piketty's blockbuster Capital in the 21st Century) who has gone on to a career at UC Berkeley, where he's done incredibly innovative blockbuster work of his own, particularly on estimating the true scale of the wealth gap in the USA and worldwide. Read the rest

Elizabeth Warren proposes legislation to enshrine Roe v Wade in Federal law and guarantee reproductive health care in all insurance plans

After a blizzard of state-level Republican attacks on the right of women to choose whether to carry a fetus to term, Elizabeth Warren has added another plank to her campaign platform: Congressional Action to Protect Choice, a four-point plan to rescue reproductive rights from religious extremists and misogynists. Read the rest

Elizabeth Warren calls for a zero-emissions military, serviced by zero-emissions contractors

In her latest detailed policy proposal, would-be 2020 Democratic presidential nominee Elizabeth Warren sets out a Green New Deal for the US military, whose own policy analysts have identified climate change and energy independence as serious risks to US security. Read the rest

Elizabeth Warren's bold, risky, well-intentioned plan to improve health outcomes for African-American mothers giving birth

African-American women suffer a much higher level of maternal mortality than the national average, and Elizabeth Warren has proposed a bold -- but high-risk -- plan to incentivize hospitals to root out the institutional, systemic racism that produces these terrible outcomes. Read the rest

AOC endorses Elizabeth Warren's Big Tech breakup plan

Elizabeth Warren wants to break up Big Tech, a thoroughly excellent idea with many devils in the details: AOC backs her play: "Facebook as a basic communications platform while also selling ads and also being a surveillance platform. Those functions should be broken up, but how that gets levied and how that gets approached is what we need to take a fine-tooth comb at." Read the rest

Elizabeth Warren proposes debt relief for Puerto Rico

Puerto Rico has endured decades of looting and austerity from the finance sector who then used the pretense of Hurricane Maria to impose radical financial policies on the island, dismantling the statistics agency that would track how those reforms punished the people of Puerto Rico, while filling the streets with armed, anonymous mercenaries. Read the rest

A Sanders candidacy would make 2020 a referendum on the future, not a referendum on Trump

One thing that immediately struck me in Lauren Gambino's excellent analysis of the Democratic nomination campaigns in The Guardian: a quote from GOP never-Trump political consultant Rick Wilson, who counseled Democrats not to select Bernie Sanders and make the election about actual policies, "Democrats have two choices: make this a referendum on Donald Trump or lose. That’s it. There are no other options." Read the rest

Elizabeth Warren's latest proposal: cancel student debt, make college free

Elizabeth Warren has proposed a $1.25 trillion plan to forgive student debts and make all public college and university undergraduate education free, as well as earmarking $50B for historically Black colleges, and expanding federal grants to help pay for all students' non-tuition expenses. Read the rest

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