CORPORATE FOCUS: 9-11 Opportunists

By Russell Mokhiber and Robert Weissman, AlterNet. Posted September 25, 2001.

Make way for the wartime opportunists!

Corporate interests and their proxies are looking to exploit the September 11 tragedy to advance a self-serving agenda that has nothing to do with national security and everything to do with corporate profits and dangerous ideologies.

Fast track and the Free Trade Area of the Americas. A corporate tax cut. Oil drilling in Alaska. Star Wars. These are some of the preposterous "solutions" and responses to the terror attack offered by corporate mouthpieces.

No one has been more shameless in linking their agenda to the terror attack than U.S. Trade Representative Robert Zoellick. Writing in the Washington Post last week, Zoellick proclaimed that granting fast-track trade negotiating authority to the president -- to assist with the ramming through Congress of a Free Trade Area of the Americas, designed to expand NAFTA to all of the Americas, among other nefarious ends -- was the best way to respond to the September 11 tragedy.

"Earlier enemies learned that America is the arsenal of democracy," Zoellick wrote, "Today's enemies will learn that America is the economic engine for freedom, opportunity and development. To that end, U.S. leadership in promoting the international economic and trading system is vital. Trade is about more than economic efficiency. It promotes the values at the heart of this protracted struggle."

No explanation from Zoellick about how adopting a procedural rule designed to limit Congressional debate on controversial trade agreements advances the democratic and rule-of-law values he says the United States must now project.

The administration has identified fast track as one of the handful of legislative priorities it hopes to see Congress enact this year.

Getting fast track passed isn't big business's only priority for the shrinking legislative calendar. The Fortune 500 has been whimpering since George Bush was elected president and top administration officials told the business community to silence their demand for corporate tax cuts until after passage of the inequality-increasing personal income tax cut.

Even before the September 11 attack, business interests and the anti-tax ideologues were increasingly making noise that corporate tax cuts were the solution to the coming recession.

Now they are beginning to argue that capital gains tax cuts and corporate tax breaks are America's patriotic duty.

In releasing a study purporting to explain how a capital gains cut would spur economic growth, the National Taxpayers Union (NTU) touted a capital gains tax cut -- a tax break that exclusively benefits the wealthy -- as an anti-terrorism initiative. "By reducing the rate at which capital gains are taxed, President Bush and Congress could help revitalize the sagging economy and bring new revenues to Washington -- decidedly aiding our war against terrorism," said NTU director of congressional relations Eric Schlecht.

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