Before the Democratic Senatorial Campaign Committee endorsed former Colorado Gov. John Hickenlooper in a 2020 Senate race, it pressured consultants from at least five firms not to work with a leading progressive in the race, the candidate told The Intercept.
For decades, the oil and gas industry has had a stranglehold on Colorado politics, but the newly empowered Democrats unveiled a sweeping bill to rein in fracking. The industry spent millions to stop it, but Democrats muscled it through, and it was signed by Gov. Jared Polis, an independently wealthy Democrat who ran in opposition to the industry.
Sen. Elizabeth Warren is unveiling a new way to tax corporations: Take them at their word. Due to the vagaries of American corporate accounting, companies routinely tell investors on conference calls that they made billions in profit over the previous quarter, then turn around and tell the IRS that, actually, they made no money at all, so they don’t owe any taxes. Warren’s plan would tax those companies on the profits they claim publicly.