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Sheldon Whitehouse Profile picture
@SenWhitehouse
Sep 18, 2017 • 52 tweets • 34 min read • Read on X
I oppose #GrahamCassidy bill because RI would lose $625M in health care funding. Will Senators in states facing massive cuts do the same?
Will @lisamurkowski & @SenDanSullivan oppose $255M in cuts for Alaska under #GrahamCassidy bill? cbpp.org/research/healt…

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More from @SenWhitehouse

Sheldon Whitehouse Profile picture
Apr 15
More from Miami on the Florida property insurance market’s dangers.
miamiherald.com/news/politics-…
There’s considerable reason to believe that Florida is the leading edge of a general coastal property insurance problem nationwide, and considerable reason to believe that the coastal-risk insurance problem has an emerging wildfire-risk insurance twin out West.
For both coastal and wildfire risk, the trajectory is the same: insurance unaffordability, then uninsurability, then unmortgageability, leading to asset value crash, which could cascade out through the general economy.
Read 9 tweets
Sheldon Whitehouse Profile picture
Mar 26
The U.S. Chamber of Commerce, its board of directors, and its climate obstruction — quite a tale: 🧵
eenews.net/articles/clima…
“For years, the [Chamber] disputed the reality of human-caused climate change and has more recently opposed meaningful efforts to address the problem.” 

“When asked for comment, the Chamber argued it’s following the wishes of corporate donors.”
So it would seem logical for Chamber board members to ask the obvious question:  “what donors?  and how much did they give you?” 
 
Is it not a massive governance failure to serve on the board of an organization without questioning where it gets its money?
Read 5 tweets
Sheldon Whitehouse Profile picture
Mar 23
Leo runs what is in essence a domestic covert operation funded by creepy billionaires who want to impose their unwelcome ideology through unrepresentative courts. 🧵
politico.com/news/2024/03/2…
The spending for the covert op is somewhere above $580 million. Probably a lot above. They are not kidding around.
And it worked. They captured the Supreme Court and turned it into their political weapon, to the benefit of polluters, Republican Party, and religious extremists.
Read 5 tweets
Sheldon Whitehouse Profile picture
Mar 22
“Misguided”? The model for many of these suits was litigation the U.S. Department of Justice brought and won against the tobacco industry for fraudulently misleading people about the dangerous effects of its product.   I emphasize:  and won. 🧵
thehill.com/opinion/energy…
“Misguided”? DOJ won a court order saying to the industry, in essence, “thou shalt lie no more.”  With its fraud strategy foreclosed, the industry had to change its ways. Federal tobacco policy shifted, as without lies, tobacco lobbying practices collapsed.
“Misguided”? The result was hundreds of thousands of lives saved, because DOJ back then was willing to fight a huge battle against a monster industry’s campaign of fraud, and win.  It is a shame that today’s DOJ seems unable to summon the same resolve.
Read 6 tweets
Sheldon Whitehouse Profile picture
Mar 21
America is dealing with a lot of problems caused by unchecked corporate power. I’ve got a bipartisan bill to help with that. 🧵
While working people pay their fair share in taxes, giant corporations skirt their responsibilities by exploiting tax loopholes. Since the 1950s, the corporate share of national tax revenue has fallen from around 25% to just 6%.
One of these tax loopholes is found in a sneaky place: giant mergers. Record numbers of giant mergers have created an anti-competitive economic landscape for small businesses across our country.
Read 7 tweets
Sheldon Whitehouse Profile picture
Mar 10
Here’s how climate crashes into the economy: first, coastal properties/wildfire-risk properties become uninsurable; then, without insurance there aren’t mortgages for buyers; then, property values crash because no mortgages and cash-only becomes the market.bloomberg.com/features/2024-…
Here’s the variant: states set up insurers of last resort to stem the uninsurability problem, but the risk doesn’t change.
And (1) climate disasters take out the state insurers of last resort, or (2) the assigned-loss risk those insurers present causes mass flight of other insurers, so as not to be left holding the bag.
Read 4 tweets

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