Oct 31, 2017

Senate Majority PAC Moves to Defend Baldwin & Protect the Rigged System

Post by Freedom Partners

Arlington, VA – Senator Tammy Baldwin continues to repeat the claim that she’s fighting to put Wisconsin working families first, but that hasn’t stopped a liberal super PAC from attempting to defend her effort to obstruct historic tax reform and relief for millions of hardworking Wisconsinites.

The truth is that Tammy Baldwin isn’t fighting for the middle class. She has a long record of putting well-connected special interests backed by armies of lobbyists, consultants and lawyers before hardworking Americans – preserving a broken system rigged against ordinary Americans she’s supposed to represent.

When Wisconsinites needed tax relief, Baldwin repeatedly backed higher income taxes, sales taxes and energy taxes while giving billions of dollars in carve outs that benefitted well-connected and powerful special interests, some of which include race horse owners, Hollywood producers, and even Warren Buffett.

Middle class working families deserve tax relief, not a system built on tax carve outs and corporate welfare giveaways.

Freedom Partners spokesman Bill Riggs issued the following statement:

“If Tammy Baldwin were serious about unrigging the tax code she’d support eliminating as many unfair carve outs and deductions as possible and lowering rates for everyone. But she doesn’t. Instead, Tammy Baldwin is standing in the way of more jobs, higher wages, and more take home pay for her constituents so she can continue handing billions of dollars in corporate welfare to well-connected special interests. We’re fighting for a tax code that treats everyone equally and fairly, Tammy Baldwin is fighting to protect the rigged system. How does that do anything to help working families in Wisconsin?”

Freedom Partners Chamber of Commerce recently launched a new $1.6 million television and digital ad campaign in Wisconsin highlighting Senator Tammy Baldwin’s long history of supporting higher taxes and preserving a broken system rigged against ordinary Americans. In one ad, Chris, president of Northwest Builders Inc. in Wisconsin, put it this way: “If Tammy Baldwin opposes tax reform, it’s proof that she opposes jobs. She opposes higher wages.”

BALDWIN SAYS SHE IS WORKING FOR MIDDLE CLASS FAMILIES, BUT SHE’S USED BILLIONS OF TAX DOLLARS TO BENEFIT WELL-CONNECTED SPECIAL INTERESTS, INCLUDING WARREN BUFFET

A Champion For Billionaire Warren Buffett

Baldwin Has Voted Repeatedly In Favor Of Special Tax Breaks For Wind Energy:

In 2012, Baldwin Voted In Favor Of The American Taxpayer Relief Act Of 2012. (H.R. 8, Roll Call Vote #659: Passed 257-167: R 85-151; D 172-16, 1/1/13, Baldwin Voted Aye)

  • The American Taxpayer Relief Act Of 2012 Extended The Wind Production Tax Credit. “Originally enacted in 1992, the PTC has been renewed and expanded numerous times, most recently by the American Recovery and Reinvestment Act of 2009 (H.R. 1 Div. B, Section 1101 & 1102) in February 2009 (often referred to as “ARRA”), the American Taxpayer Relief Act of 2012 (H.R. 8, Sec. 407) in January 2013, the Tax Increase Prevention Act of 2014 (H.R. 5771, Sec. 155) in December 2014, and the Consolidated Appropriations Act, 2016 (H.R. 2029, Sec. 301) in December 2015.” (“Renewable Electricity Production Tax Credit (PTC),” S. Department Of Energy, Accessed 10/26/17)

In 2014, Baldwin Voted In Favor Of The Tax Increase Prevention Act Of 2014. (H.R. 5771, Roll Call Vote #364: Bill Passed 76-16: R 31-8; D 44-8; I 1-0, 12/16/14, Baldwin Voted Yea)

  • The Tax Increase Prevention Act Of 2014 Extended The Wind Production Tax Credit. “Originally enacted in 1992, the PTC has been renewed and expanded numerous times, most recently by the American Recovery and Reinvestment Act of 2009 (H.R. 1 Div. B, Section 1101 & 1102) in February 2009 (often referred to as “ARRA”), the American Taxpayer Relief Act of 2012 (H.R. 8, Sec. 407) in January 2013, the Tax Increase Prevention Act of 2014 (H.R. 5771, Sec. 155) in December 2014, and the Consolidated Appropriations Act, 2016 (H.R. 2029, Sec. 301) in December 2015.” (“Renewable Electricity Production Tax Credit (PTC),” S. Department Of Energy, Accessed 10/26/17)

In 2015, Baldwin Voted For An Amendment “To Express The Sense Of Congress” That The Wind Production Tax Credit Should Be Extended. (S.Amdt. 133 To S.Amdt. 2 To S. 1, Roll Call Vote #40: Rejected 47-51: R 3-50; D 42-1; I 2-0, 1/28/15, Baldwin Voted Yea)

Warren Buffett Has A Profit Interest In Receiving Special Tax Breaks For Wind Energy:

Berkshire Hathaway Energy Has A Large Portfolio Of Wind Energy. “Our businesses’ wind projects not only foster economic development but they also demonstrate Berkshire Hathaway Energy’s commitment to renewable energy and environmental respect. MidAmerican Energy Company is ranked first in the nation in ownership of wind-powered electric generation among rate-regulated utilities. And PacifiCorp is the second-largest rate-regulated owner of wind-powered generation in the nation. NV Energy has completed Nevada’s first utility-scale wind energy project. And BHE Wind continues to focus its operations on unregulated wind-powered generation projects.” (“The Power Of Wind,” Berkshire Hathaway Energy, Accessed 10/26/17)

As Of December 31, 2016, Wind Comprised 58% Of Berkshire Hathaway Energy’s Renewable Generation Portfolio. (“The Power Of Wind,” Berkshire Hathaway Energy, Accessed 10/26/17)

(“The Power Of Wind,” Berkshire Hathaway Energy, Accessed 10/26/17)

Parent Company Berkshire Hathaway’s CEO And Chairman Warren Buffett Famously Told Fortune That Special Tax Credits For Green Energy Are “The Only Reason To Build” Wind Farms. “Actually, [Berkshire’s] tax rate is pretty high if you look at it. But if it could be lower, I would have it lower. I will do anything that is basically covered by the law to reduce Berkshire’s tax rate. For example, on wind energy, we get a tax credit if we build a lot of wind farms. That’s the only reason to build them. They don’t make sense without the tax credit.” (Stephen Gandel, “Warren Buffett: We Took A Stand On Coke’s Pay Package,” Fortune, 4/28/14)

Baldwin Has Voted For Multiple Special Tax Breaks For “The Wealthiest 1%” And “Big Corporations”

Baldwin Has Voted For Special Tax Breaks For:

Race Horse Owners.

  • The Tax Increase Prevention Act Of 2014 Extended A Provision For The Accelerated Depreciation Of Race Horses. “Sec. 121. Extension of classification of certain race horses as 3-year property.” (“Tax Increase Prevention Act Of 2014,” gov, 12/19/14)

NASCAR Tracks.

  • The American Taxpayer Relief Act Of 2012 Extended A Provision For The Accelerated Depreciation Of Motorsports Entertainment Complexes. “Sec. 312. Extension of 7-year recovery period for motorsports entertainment complexes.” (“American Taxpayer Relief Act Of 2012,” gov, 1/2/13)
  • The Tax Increase Prevention Act Of 2014 Extended A Provision For The Accelerated Depreciation Of Motorsports Entertainment Complexes. “Sec. 123. Extension of 7-year recovery period for motorsports entertainment complexes.” (“Tax Increase Prevention Act Of 2014,” gov, 12/19/14)

Electric Motorcycles.

  • The American Taxpayer Relief Act Of 2012 Extended Tax Credits For Electric Motorcycles. “Sec. 403. Extension of credit for 2- or 3-wheeled plug-in electric vehicles.” (“American Taxpayer Relief Act Of 2012,” gov, 1/2/13)

Puerto Rican Rum.

  • The American Taxpayer Relief Act Of 2012 Extended An Increase In Rum Excise Taxes To Puerto Rico And The Virgin Islands. “Sec. 329. Extension of temporary increase in limit on cover over of rum excise taxes to Puerto Rico and the Virgin Islands.” (“American Taxpayer Relief Act Of 2012,” gov, 1/2/13)
  • The Tax Increase Prevention Act Of 2014 Extended An Increase In Rum Excise Taxes To Puerto Rico And The Virgin Islands. “Sec. 140. Extension of temporary increase in limit on cover over of rum excise taxes to Puerto Rico and the Virgin Islands.” (“Tax Increase Prevention Act Of 2014,” gov, 12/19/14)

Hollywood Productions.

  • The American Taxpayer Relief Act Of 2012 Extended Special Expensing Rules For Film And Television Productions. “Sec. 317. Extension of special expensing rules for certain film and television productions.” (“American Taxpayer Relief Act Of 2012,” gov, 1/2/13)
  • The Tax Increase Prevention Act Of 2014 Extended Special Expensing Rules For Film And Television Productions. “Sec. 129. Extension of special expensing rules for certain film and television productions.” (“Tax Increase Prevention Act Of 2014,” Congress.gov, 12/19/14)

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