Read a Pacific Northwest, liberal perspective on world, national, and local politics. From majestic Redmond, Washington - the Northwest Progressive Institute Advocate.

Tuesday, October 12, 2010

JPMorgan Chase becomes latest Wall Street bank to pump money into Tim Eyman's I-1053

As if there weren't enough corporate villains behind Tim Eyman's Initiative 1053 already, JPMorgan Chase has become the latest greedy behemoth to join StopGreed's pantheon of rogues.

Yesterday, it donated $30,000 to the Association of Washington Business-controlled (and Orwellian named) "Citizens for Responsible Spending" committee, which, after several weeks of dormancy, is taking in new donations, presumably to pay for a deceitful ad campaign cooked up by the AWB's hacks.

JPMorgan Chase isn't the only giant corporation responding to Don Brunell & Company's request for October cash. BP has coughed up another $35,000, bringing its aggreggate total to $100,000, and giving it the uncontested status as the single largest donor to the initiative.

Tesoro and ConocoPhillips, meanwhile, have each put up an additional $25,000.

We've said this before, but it bears repeating again: The reason that big oil companies and Wall Street banks are enthusiastic backers of Tim Eyman's Initiative 1053 is because they want to protect all the special tax breaks that they currently enjoy at our collective expense.

This is about wanton, unchecked greed, pure and simple. It's not about good government and it's certainly not about protecting Washington's families. That's what the corporate operatives behind 1053 want you to believe... but it's a lie!

The Legislature came close in the most recent session to repealing an exemption that mostly benefits out-of-state banks and raising the hazardous materials fee to pay for Puget Sound cleanup.

The suits who run these greedy corporations don't want to contribute to our common wealth and pay their fair share, so they're spending big bucks to try and fool us all into changing the rules that our state has operated by since statehood. Their objective is to tighten their grip on our Capitol.

I-1053, along with I-1082, I-1107, I-1100, and I-1105, is one of the biggest corporate power grabs in Washington State history. These initiatives are cold, calculated attempts to prey on Washingtonians' fears about our economy and trick us into giving up our sovereignty and unlocking our public treasury so big corporations can go hog wild and raid it.

It's a wealth transfer from our common wealth to the already wealthy.

At a time when so many are struggling, and vital services are stretched to the breaking point, it is absolutely critical that we defeat these ill-conceived schemes and reject toxic money for toxic politics.

Vote NO on I-1053, I-1082, I-1107, I-1100, and I-1105!


Blogger Steve Zemke said...

Yes the corporations and out of state Big Bankks and Big Oil are all looking at how to put more profits in the bank for them and let Washington State taxpayers pay the bill.
They're trying to pull a fast one on gullible Washington State voters. Corporate America is laughing at voters while Big Businesses are padding their profits and protecting their special tax breaks.

October 14, 2010 6:18 PM  

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