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<< Health Care for Unemployed? | Main | Plame Disclosure Should Not Be Crime >> October 03, 2003Bush Likes Bureaucratic Regs- For UnionsAfter three years of corporate scandals and exposed corruption by business leaders, you'd expect public corporations to have onerous new reporting requirements to the public mandated. You'd be wrong, of course. Corporations still won't have to report the typical transactions that let them hide profits overseas, report publicly what they pay their workers, how much they contract out overseas, or a host of other things that would help the public. See this Brookings Institute report. Sarbanes-Oxley upped the penalties for violating current standards, but did little to increase the real facts about what corporations do with their money. But the Bush administration just issued new regulations to enforce onerous new disclosure rules on unions. How much detail has to be in the new reports? Any transactions more than $10,000 has to be reported to the government. Essentially every car bought and for what purpose has to be reported. Every employee hired-- reported. Further, unions must breakdown the time of each employee and estimate how much time they spend on different categories of work, whether collective bargaining, lobbying, etc. So unions end up with almost no real info about the workings of their corporate opponents -- other than the large raw financial numbers disclosed to the SEC-- while corporations will get to monitor union spending practically down to the paperclip. And with the goal of costing unions so much money in paperwork, auditing, and legal expenses defending the audits so as to prevent them having funds left over to organize. As the AFL-CIO notes: This quiet, seeming bureaucratic regulation is one of the most massive assaults by government on unions in decades. The Bushies intend to let corporations continue to rip off the government with hidden tax shelters, hidden union busting costs, and a range of other hidden assaults on the public and unions, even as they crush workers organizations under bureaucratic destruction. The hypocrisy of the Right of course knows no limits. But after decades about whining about the burdens of regulatory paperwork, they have unleashed rules to burden unions that never in the worst caricature of liberal regulation of business could have been imagined. Posted by Nathan at October 3, 2003 02:18 PM Related posts:
Trackback PingsTrackBack URL for this entry: Commentsnathan, you're always dead on, and this time you've outdone yourself on picking up the quiet and seemingly-unnoticed, yet unbelievably detrimental, attacks on our quality of life by this horrible, awful administration. this just makes me want to cry. keep up the good work! Posted by: yoni at October 3, 2003 04:39 PM About a year ago, I attended a small gathering of Colorado labor leaders who were invited to meet Secretary Chao on a brief stopover in the state. She is lovely and personable, and she tried to charm her way around the hard questions people asked her about the proposed union-reporting regulations. Finally unable to dismiss the questions, she gave a little wave and said "We're only asking of the unions the same thing we ask of corporations: transparency." I still wish I'd had the nerve to laugh outright. Posted by: Luz Paz at October 4, 2003 11:35 AM Post a comment
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