memeorandum: How to Kill the Corporate-Income Tax (Bloomberg)

3:25 AM ET, June 21, 2012

Top Items:

Nancy Pelosi Slams Contempt Vote: 'I Could Have Arrested Karl Rove ... But We Didn't' … REACT: — FOLLOW: — Darrell Issa, Eric Holder, Karl Rove, Nancy Pelosi, Elections 2012, Video, Darrell Issa Contempt, Eric Holder Contempt, Fast And Furious, Holder Fast And Furious, Issa Fast And Furious, Politics News

Discussion: his vorpal sword, The Daily Caller, Townhall.com, The Raw Story, The Gateway Pundit, Hot Air, Mediaite, Business Insider, Weasel Zippers, Conservatives4Palin, Politico, Alan Colmes' Liberaland, The Impolitic, CANNONFIRE, RADAMISTO, Gretawire and Balloon Juice

Mark Levin / Facebook:

Executive Privilege and how the House should move forward legally — As the Supreme Court recognized in US v. Nixon, the Executive Branch has a legitimate interest in confidentiality of communications among high officials so that the President can have the benefit of candid advice.

Discussion: JOSHUAPUNDIT

Paul Mirengoff / Power Line:

Those Fast and Furious documents must be dynamite — My friend Bill Otis was a Justice Department lawyer for many years. He spent a good portion of those years as a prosecutor. He also served as an attorney in the White House Counsel's shop, so he knows all about dealing …

Discussion: Hot Air, 2012 Decoded and Washington Examiner

New York Times:

House Panel Recommends Contempt Case Against Holder — WASHINGTON — Republicans on the House oversight committee voted on Wednesday to recommend holding Attorney General Eric H. Holder Jr. in contempt of Congress in a dispute over internal Justice Department documents related …

Discussion: Outside the Beltway, msnbc.com, Mother Jones, The Moderate Voice, Campaign Stops, peoplesworld, Guardian, Newsy, Fox News, Ricochet Conversations Feed, Examiner, Truthdig, No More Mister Nice Blog and Taylor Marsh

Washington Post:

Fast and Furious scandal: House panel recommends contempt vote on Eric Holder — A congressional committee voted Wednesday to recommend that Attorney General Eric H. Holder Jr. be held in contempt after the Obama administration, citing executive privilege for the first time …

Discussion: The Monkey Cage, On Point with Tom Ashbrook, Booman Tribune, Wonkette, Daily Kos, Outside the Beltway, The Moderate Voice, Los Angeles Times, Balloon Juice, Conservatives4Palin, The Volokh Conspiracy and Univision News Tumblr

Politico:

‘Furious’ at contempt — The Fast and Furious investigation has finally handed House Republicans a prize they've long sought: a legal smackdown of the Obama administration. — Speaker John Boehner (R-Ohio) was able to show skeptical conservatives that his spine could stay stiff under pressure …

Discussion: Power Line and White House Dossier

Jordy Yager / The Hill:

House panel votes to place Holder in contempt of Congress — A House panel voted Wednesday to place Attorney General Eric Holder in contempt of Congress for his failure to comply with a subpoena, defying an assertion of executive privilege from President Obama.

Discussion: Hot Air, Independent Journal Review, Washington Examiner, The Powers That Be, Ballot Box, PJ Media, Ricochet Conversations Feed, Fox News Insider, The Right Scoop and iOwnTheWorld.com

Matthew Boyle / The Daily Caller:
Another retraction: Holder withdraws claim that Bush's attorney general knew about gunwalking

Discussion: Right Wing News

John Gramlich / CQ.com:
Contempt Citation Would Carry Limited Legal Consequences

Discussion: Los Angeles Times and The Right Scoop

Jake Tapper / ABCNEWS:
Murdered Border Agent's Family Says President Obama ‘Compounding This Tragedy’ with Executive Privilege Assertion

Discussion: Weasel Zippers

Todd Gaziano / The Heritage Foundation:
Fast And Furious: Executive Privilege Is Illegitimate to Shield Wrongdoing

Discussion: The Volokh Conspiracy, About.com Conservative …, Outside the Beltway, Doug Ross and Ricochet Conversations Feed

Byron Tau / Politico:
Holder: Issa wanted to ‘provoke’ conflict

Discussion: Weasel Zippers

Tom Cohen / CNN:
House panel recommends Holder contempt citation

Discussion: The War Room …, This Just In, Weasel Zippers, Mediaite, Scared Monkeys, The Gateway Pundit, Politico, The Moderate Voice, Little Green Footballs, Guardian, The Political Carnival, Alan Colmes' Liberaland and Vodkapundit

The United States Department of Justice:
Statement of Attorney General Eric Holder on the House Oversight and Government Reform Committee Vote

Discussion: Swampland, BBC, ACS Blog and American Spectator

Fox News:
Obama grants Holder request on ‘Furious’ documents as contempt vote looms

Byron Tau / Politico:
Boehner: Privilege claim implies White House cover-up

Discussion: Reuters, ThinkProgress, Indecision Forever, Power Line and The Gateway Pundit

BuzzFeed: Romney Campaign Says Obama Fast And Furious Decision “Another Broken Promise”

Fox News Insider:
READ: Attorney General Eric Holder's Letter to President Obama Requesting Executive Privilege …

Discussion: Mediaite, Associated Press, The Heritage Foundation, Hot Air and Conservatives4Palin

USA Today:
House panel votes to cite Holder for contempt of Congress

Discussion: CANNONFIRE, The Moderate Voice, Hit & Run and Examiner

Des Moines Register:
Iowa's Grassley responds to Obama's executive privilege move on ‘Fast and Furious’

Discussion: The Heritage Foundation and JustOneMinute

Brian Stelter / Media Decoder:

NBC Prepares to Replace Ann Curry on ‘Today’ — NBC executives are readying a plan to replace Ann Curry on the “Today” show, only a year after she became the co-host of the iconic franchise. — The planning — which is taking place in secret and has not been finalized …

Discussion: TVNewser, New York Magazine, The Daily Beast, Mediaite, Gawker and Inside TV, more at Mediagazer »

Jonathan Easley / Ballot Box:

Obama campaign holds $110 million in cash — The Obama campaign spent more money than it raised in May, but is sitting on $110 million in cash, according to a Federal Election Commission filing on Wednesday. — Obama for America raised $39.1 million in May and spent $44.6 million.

Discussion: Politico, Reuters and CNN

Newt Gingrich / CNN:
Miriam Adelson gets a refund

Discussion: Inside Missouri Politics, Politico and Ballot Box

Philip Rucker / Washington Post:
Romney plans posh weekend donor retreat featuring Rove and VP hopefuls

Discussion: Daily Kos, ABCNEWS, msnbc.com, GOP 12 and Shakesville

Board of Governors of the Federal Reserve System:

For immediate release — Information received since the Federal Open Market Committee met in April suggests that the economy has been expanding moderately this year. However, growth in employment has slowed in recent months, and the unemployment rate remains elevated. Business fixed investment has continued to advance.

Discussion: Economist, Tim Duy's Fed Watch, Felix Salmon, Reuters, Business Insider, Ezra Klein, msnbc.com, Firedoglake, FT Alphaville, ThinkProgress and Taegan Goddard's Wonk Wire

Binyamin Appelbaum / New York Times:
With Output Stumbling, Fed Takes a Modest Step

Discussion: New York Magazine, msnbc.com, Business Insider and Ezra Klein

Laura Bassett / The Huffington Post:

Wayne Schmidt, Michigan GOP Lawmaker: Silencing Lisa Brown Was Like Putting A Kid In ‘Timeout’ … REACT: — FOLLOW: — Abortion, Civil Rights, Video, Lisa Brown, Lisa Brown Vagina Monologues, Lisa Brown Vagina, Michigan, Michigan Abortion, Michigan Abortion Bill, Michigan Vagina …

Discussion: Progress Michigan, Hullabaloo, The Raw Story and Wonkette

Robert Stacy McCain / The Other McCain:

‘Persona Management’ for Wackjobs: Rauhauser's Methods of Deception … FROM AN UNDISCLOSED LOCATION — Brett Kimberlin became a “client” of Neal Rauhauser in 2011. Rauhauser has described his specialty as “solving problems in the social media work space for political campaigns and causes …

Discussion: Patterico's Pontifications

Dan Hirschhorn / The Daily:

Some Democratic incumbents in need of independent voters are skipping the DNC — Vulnerable Democrats looking to distance themselves from President Obama have found an easy way to bolster their independent bona fides: just skip Obama's big party. — At least half a dozen Democratic officials …

Discussion: Scared Monkeys and The Gateway Pundit

Nick R. Martin / tpmmuckraker.talkingpointsmemo.com:

TPMMuckraker — Arizona Secretary Of State's Latest Theory: Obama Lied About Being Born In Kenya To Get Into College — The top election official in Arizona, fresh off his flirtation with birtherism, has moved on to a strange new conspiracy theory involving President Barack Obama.

Discussion: Mediaite, Little Green Footballs and Feathered Bastard

SEIU.org:

A federal attack on your rights at work. — Collective bargaining rights are under attack. Again. — The “RAISE Act,” introduced by Senator Marco Rubio (R-FL), is yet another attempt to undermine the rights of workers to bargain collectively. The bill, which goes to a vote today …

Discussion: Crooks and Liars and National Review

CNN:

Sanford police chief fired in wake of Trayvon Martin case — (CNN) — Sanford, Florida, Police Chief Bill Lee, who drew criticism for his department's actions in the Trayvon Martin case, was fired Wednesday. — “After much thoughtful discussion and deep consideration for the issues facing …

Discussion: JOSHUAPUNDIT, Scared Monkeys and New York Magazine