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Monday, May 5, 2014

Todays News From Bernie Sanders

Today's news from Sen. Bernie Sanders (I-Vt.):
Food Labels: Vermont Gov. Peter Shumlin this week is expected to sign into law a bill that would require labels on food products that contain genetically modified ingredients — a first of its kind for any state. For two years in a row, the U.S. Senate has soundly defeated amendments proposed by Sen. Bernie Sanders that would have made clear that states had the legal authority to require labeling, Congressional Quarterly reported.
 
Pfizer Avoids US Taxes: Drugs giant Pfizer will face a grilling today from U.S. shareholders over its takeover bid for Britain’s AstraZeneca. The acquisition is aimed at moving Pfizer’s tax domicile to the United Kingdom in order to deprive U.S. coffers of billions of dollars. Sen. Sanders put Pfizer on a list of ‘Top Ten Corporate Tax Avoiders,’ claiming it paid no income taxes from 2010 to 2012 and that it received $2.2billion of tax refunds from the IRS at the same time as making $43 billion in worldwide profit, London’s Daily Mail reported.

Keystone Pipeline Looms as Senate Takes up Energy Bill: The impassioned debate over the Keystone XL pipeline could reach a tipping point this week on Capitol Hill, with this likely the last chance for the issue to be considered legislatively until after the November midterm elections. The outcome could complicate matters for the Obama administration, which is still reviewing whether to allow permits for sections of the pipeline. The Senate is set to begin debate on a modest energy bill that has enough bipartisan support to pass on its own merits, but supporters of the pipeline, which is intended to transport oil from western Canada to the U.S. Gulf Coast, are trying to leverage the bill to force votes on Keystone, The Washington Post reported.

China Poised to Overtake US Economy: China is advancing rapidly to overtake the United States as the biggest economy in the world, new data shows, with the leader of the world economy since the 19th century possibly losing its top spot to the Asian giant later this year. "The United States remained the world's largest economy (in 2011), but it was closely followed by China" once data was adjusted for comparison on a standard basis, the World Bank said in a report last week. India is now the world’s third largest economy, moving ahead of Japan, Agence France-Presse reported.
Continue reading here: http://www.sanders.senate.gov/newsroom/newswatch/050514
 
Food Labels: Vermont Gov. Peter Shumlin this week is expected to sign into law a bill that would require labels on food products that contain genetically modified ingredients — a first of its kind for any state. For two years in a row, the U.S....
sanders.senate.gov


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