Showing posts with label money. Show all posts
Showing posts with label money. Show all posts

Thursday, February 26, 2009

Day 23 - Minority Report

The House debated SB 31 for about 3 1/2 hours today. This is the bill we've reported on several times already, which would do an end run around the Public Service Commission (PSC) and allow Georgia Power to charge us, its individual customers, in advance, for the planned construction of a nuclear plant.

How ever one feels about nuclear power, this bill was terrible for consumers.

The main argument of those who supported the bill was that it would save consumers a huge rate hike in the future by allowing Georgia Power to charge us a little bit at a time so that we wouldn't have to pay interest on interest later. This was nonsense.

Rather than demonstrating that with bits of the back-and-forth debate, we'll instead give you the Minority Report.

It's rarely used, but if something about to pass is egregious enough, a legislator can call for a Minority Report. This allows, at the end of debate, for an important group to speak. Those members of the committee that sent the bill on to the full Senate who voted against the bill when it was in that committee - in other words those who were on the losing side when the bill was voted out of committee - are allowed 20 minutes to speak about why they opposed the bill, and their report is printed up and given to all Senators.

Democrats Brian Thomas and Dubose Porter gave the Minority Report.

Thomas dismantled the arguments of the bill's supporters with the skill and precision of the archaeologist that he is. (Yes, he really is an archaeologist - pretty cool.)

First, he crushed the argument that this plan will save consumers money. Of the money that we would have added to our Georgia Power bills in fees that's supposedly going to prevent us from paying interest on interest:
Only 25% - $500 million - is going towards that goal of paying as we go so that we don't pay interest on interest later on.
50% - $1.1 million - is going straight to Georgia Power as profit. (They call it "return on equity".)
25% - $500 million - would go to paying taxes on that profit.
So, rather than saving us money, 75% of the extra fees we're charged will go towards Georgia Power making bigger profits.

Second, he said that this was not a referendum on nuclear power. The PSC will decide on construction of nuclear plants March 17 at its next meeting.

Third, he pointed out that it's not a referendum on jobs in Augusta. Those jobs will arrive if and when a nuclear plant is built there, which has nothing to do with this bill.

This bill was only about how Georgia Power gets its money.

Dubose Porter informed younger members that when a scheme like this passed through the Georgia Legislature many years ago, it became known as the "Retirement Bill," because so many members lost their seats for voting for it.

Of course, this valiant effort didn't take the day.
The converts to the church of Georgia Power ignored the many unanswered questions, and didn't seem to think it mattered if we had to fight to get them answered later. Apparently their votes were lined up in advance.

The bill passed 107-66, with about 20 Republicans voting against it and about 20 Democrats voting for it.

With so many people and groups opposing it, it's a tough loss to take, because legislators admitted that they had gotten very few to zero calls in favor from constituents. That's not the way things are supposed to work.

Thursday, February 5, 2009

Day 14 - "Pass the Buck" and Buckle Up

"Pass the Buck" is gaining momentum. The coalition aiming to pass Ron Stephens' (R-Savannah) $1/pack cigarette tax held a press conference this morning with probably 30 doctors, and Stephens spoke to the Working Families Caucus this afternoon.

He noted that each pack of cigarettes carries with it $9 in healthcare costs for Georgia taxpayers, and that what he's asking for is only what turns out to actually be a $1 voluntary user fee. And could be expected to raise $350 million for the state.

Rep. Stephens and many doctors also noted that studies have proven that price hikes do help prevent teens from smoking, because, let's face it, most teens are broke.

With the current budget crisis, this bill -- which would help financially and directly help save lives -- seems like a no-brainer. A smokin' good idea.

And also remember, there are a couple of bills floating around that would remove the exemption from truck owners having to wear seat belts. This little change in law would trigger $4 million in Federal Highway Safety Funds to be released to Georgia. Hey this stuff adds up. Anyone have any more good ideas? Could be helpful.

Wednesday, February 4, 2009

Day 13 -- Who said fathers know best?

The Women's Policy Group held a lunchtime Capitol Briefing today that was so well-attended that about 15 of us sat on the floor.

And it was a good thing it was crowded -- with the budget cuts, women are taking some of the hardest hits, as usual.

Nice to hear from the crowd that many of them intended to run for office, as women are underrepresented under the Gold Dome.

Lobbyist Extraordinaire Elizabeth Appley listed some of the things coming down the pike:

The Governor's proposal to eliminate the Family Violence Commission: Since its creation in 2001, the Commission has reduced Georgia's per capita family violence homicides by 26.2%, a rate almost 6 times better than the national average. So why does he think cutting it is such a good idea?

He also wants to eliminate the Temporary Protective Order Registry, which keeps a computer record of every restraining order, so that when a woman flees her abusive partner with her kids in tow in the middle of the night, she doesn't have to find the paper copy of the restraining order first.

Oh, and he wants to freeze funding for Domestic Violence Shelters and Rape Crisis Centers. Who needs 'em anyway.

In the meantime, Appley pointed out, the state gives $5 million a year in tax exemptions to llama farmers. Call us if you want to find out how to get in on this great deal.

Oh, and if the state's in such a budget shortfall, wouldn't you think the 90% federal matching funds for family planning money make the state think twice about the 34% family planning cuts?

It's amazing how some people in our state government have said they are willing to turn down matching federal dollars.

Tuesday, February 3, 2009

Day 12

February 3

Cutting education funds, cutting school nurses, and now proposing vouchers, which would take even more money out of the education system.

Why don't they just go ahead and engrave the tombstone "Public Schools R.I.P." and be done with it?

Friday, January 16, 2009

Days 3 & 4 - Animals, Kids, and the Budget (and even scarier stuff like Foreclosures and Car Seizures), Oh My!

The H.O.T. Line
Here's Our Take

January 14 & 15

Senators Vincent Fort and Steve Thompson are working with a Republican Committee Chairman on a fair lending bill that will bring some relief for the foreclosure crisis in Georgia. But there is not a whole lot the state can do. Since Federal proposals are mired in indecision, a bipartisan Georgia effort is critical. Watch for a bill number to emerge soon...and get ready for the fight. The banks and subprime lenders that created the crisis are formidable opponents who don't want to give up a dime of what they squeezed out of folks. The real estate collapse was the largest transfer of wealth from African-Americans to whites in history.


The Capitol is always crowded with lobby day advocates, school field trips, high school bands, etc. Today the place was mobbed with 8-year-olds...and just to be clear, we're talking about outside the legislative chambers.


And speaking of bands, addressing a marching band visiting from Cobb County Gov. Perdue said that he was preparing to attend the inauguration. He didn't say, but after his budget presentation, we hope he uses his time to promote Georgia's infrastructure needs. With the new administration and Georgia's Congressmen continuing to block vote in a partisan way....even on the SCHIP (PeachCare) vote Wednesday...he's gonna have to be smart and do some schmoozing.


Last year was a nightmare with over a dozen mean spirited anti-immigrant bills proposed. This year it started again with a couple introduced early. Including adding vehicle seizures for driving without a license, when it is already a felony to do so. A catch 22 aimed at those who are prohibited from getting a license because of citizenship. We thought conservatives were staunch opponents of the government seizing private property. And hey, what does citizenship have to do with ability to drive a car? Wouldn't you rather have the person in the next lane take a license test and be insured?


Thursday was Wildlife in Georgia Day and the rotunda was full of the woodsy types, both animal and human. There was even a huge display table of animal skins, skulls and pelts. Ironic to pass by this table on the same day that House committee assignments were announced. The fellow that had the audacity to challenge the incumbent House Speaker wound up losing his committee Chairmanship. Some of us thought that big skull in the middle of the table looked familiar.

More on the budget later, but with all the wailing and gnashing of teeth over the revenue deficit legislators of every stripe have pushed each other out of the way to get to the TV cameras to declare opposition to proposals to generate revenue. Sunday alcohol sales now looks like it's the only one that really might have a chance. On the back-burner...tobacco taxes, casinos, fees for hospital Medicaid administration, et al.

Names floating around...former Senator Brian Kemp announces his intent to run for Secretary of State now that incumbent Karen Handle declares for Governor. And lots of other names rumored for this that or the other. A noticeable silence though on the Insurance Commissioner position. John Oxendine has been on the stump for a while now trying to get support for his Governor race. But who's heard of candidates that would run for the Insurance vacancy? What does that say? Last election cycle Oxendine raised lots of money when he campaigned to move up, but then backed out. Do folks think he's going to do the same thing again?