Thanks for all you do,
The Daily Kos team
Thanks for all you do,
The Daily Kos team
It’s pretty common these days to hear my friends and family members complaining about global warming—but it’s not just the weather they’re complaining about any more. One friend had to evacuate her town with her small boys in tow to flea this season’s wildfires. Another had to abandon a coastal cottage that had been in his family for generations because of rising sea levels. A grandparent stranded in a heat wave. Global warming is affecting all of us every day. And unless we take immediate action, both to help communities prepare for the consequences but also to reduce climate emissions, these stories will become more frequent, and more dire. —Karla
UCS reports highlight global warming consequences for American West.
Two new reports from UCS experts demonstrate just how serious the climate risks are for the great American West and the people who live there. Hotter, drier conditions brought on by global warming are contributing to more large wildfires and longer wildfire seasons. And in the Rocky Mountains—home to Yellowstone, Grand Teton, and Glacier National Parks—these conditions are having severe impacts on the region’s forests—as drought, wildfires, and tree-killing insects that thrive in hotter temperatures are producing potentially irreversible effects. READ MORE
Ask a Scientist
“My husband and I live in the American Southwest and are very concerned about its habitability in the future due to worsening drought and rising temperatures. We are especially concerned about where our children and grandchildren will be able to live and prosper. Are there any regions of the country that might emerge unscathed from the effects of climate change?”—J. Winkeller, Gilbert, AZ.
I empathize. Climate change is now part of everyday reality, and no place in the United States—or the rest of the world, for that matter—is unaffected. Even if we were able to completely switch from fossil fuels to renewable energy sources right now, the climate will continue to warm in the coming decades. The National Climate Assessment recently examined the current and projected impacts of climate change on different regions of the country. READ MORE
|Science in Action|
|Protect Rocky Mountain forests before it’s too late!If we do not act now, the forests of the Rocky Mountains will continue to die as they face the severe consequences of climate change. Urge your elected officials to allocate the resources necessary for forest managers to address the current effects of global warming and implement steps that can make our forests more resilient.|
Burger King is rolling ahead with its plan to move to Canada. It confirmed Tuesday that it will purchase Tim Hortons, a Canadian coffee and doughnut chain, for about $11 billion, one of the biggest foreign acquisitions since 2012.
This makes Burger King one in a string of corporate deserters in recent years. According to new data provided by the Congressional Research Service, 47 companies have inverted in the last decade, including at least seven this year alone. These companies are able to dodge US taxes by moving their headquarters, but not their operations, to countries with lower corporate tax rates. So called “inversions” may save the companies a few bucks, but they could cost the US taxpayer tens of billions of dollars.
The Deal: Founded in Miami in 1954, Burger King operates more than 7,000 locations in the United States, but only 300 in Canada. In 1964, the Canadian fast food service Tim Hortons was founded in Ontario and now has more than one store per 10,000 Canadians. Burger King will shell out $11.4 billion for the coffee shop, but both will actually be controlled by 3G Capital, a Brazilian-US investment firm. According to the Wall Street Journal, Alex Behring, who is currently Burger King’s executive chairman and a managing partner at 3G Capital, will head the new company.
Although America has a top corporate tax rate of 35%, numerous multi-national corporations do not pay that much. Instead, U.S. corporations paid an average of 12.6%, according to the Government Accountability Office. Burger King also does not pay the top corporate tax rate, but has a tax rate in “the mid- to high twenties” according to Mr. Behring. While Burger King CEO Daniel Schwartz doesn’t “expect there to be meaningful tax savings,” Canada’s federal corporate tax rate is 15%.
Moving Forward: Burger King should reconsider its own bid for the company. Since the news broke, the public has denounced this newest corporate deserter. #BoycottBurgerKing is now commonplace on Twitter and Burger King’s Facebook was littered with comments threatening to never return. Senator Sherrod Brown added to that chorus: “Burger King’s decision to abandon the United States means consumers should turn to Wendy’s Old Fashioned Hamburgers or White Castle sliders.”
When Walgreens announced its purchase of Alliance Boots, a European pharmacy, it received similar criticism, and it has since said that it will stay headquartered in the United States. They decided that paying their fair share was more profitable.
BOTTOM LINE: When more and more American companies move out of the U.S., ordinary Americans end up footing the tax bill. Companies employing the process of inversion are taking advantage of U.S. taxpayers and cheating the system, to the detriment of our workers and our economy. It’s beyond unpatriotic and it’s time for them to stop.
The HRC Seattle Gala Dinner
|Joe Manganiello – True Blood
Ally for Equality Award
|Saturday, September 13
5:30 p.m. – Registration & Silent Auction
6:45 p.m. – Dinner ProgramThe Sheraton Seattle Hotel
1400 Sixth Avenue
|Jeff Zarrillo and Paul Katami
Plaintiffs, Supreme Court Case Proposition 8