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Tag: Bush Tax Cuts

New Year Fiscal Cliff

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Posted on Dec 30, 2012 READ MORE


Boehner the Squeaker

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Posted on Dec 30, 2012 READ MORE


Golden Parachute

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Posted on Dec 29, 2012 READ MORE


Wonderland on a Cliff

Are you as sick of the “fiscal cliff” as I am? Actually, that’s a trick question. You couldn’t possibly be.

Posted on Dec 13, 2012 READ MORE



Office of the Speaker of the House/Bryant Avondoglio

Boehner Plays a Weak Hand

How dare he? President Obama, I mean: How dare he do what he promised during the campaign? How dare he insist on a “balanced approach” to fiscal policy that includes a teensy-weensy tax increase for the rich? Oh, the humanity.

Posted on Dec 3, 2012 READ MORE


Grinch Old Party

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Posted on Dec 3, 2012 READ MORE


Understanding the Fiscal Cliff (in 2 Minutes 30 Seconds)

Democrats, here are eight principles to guide you in the coming showdown over the fiscal cliff.

Posted on Dec 3, 2012 READ MORE


Fiscal Cliff

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Posted on Dec 1, 2012 READ MORE



White House / Pete Souza

Opening Positions on the Cliff Deal: Deja Vu All Over Again

By signaling its willingness not to raise top rates as high as they were under President Clinton and to cut some $400 billion from projected increases in Medicare and other entitlement spending, the White House has ceded important ground.

Posted on Nov 29, 2012 READ MORE


Bernie Sanders
senate.gov

Let the Bush Tax Cuts for the Wealthy Expire Already

Now is the time to hold Democrats accountable and ensure that we do deficit reduction in a way that is fair, while also protecting Social Security, Medicare and Medicaid.

Posted on Nov 28, 2012 READ MORE


Bungee-Jumping Over the Fiscal Cliff

What’s the best way to pressure Republicans into agreeing to extend the Bush tax cuts for the middle class while ending them for the wealthy?

Posted on Nov 28, 2012 READ MORE


The President’s Opening Bid on a Grand Bargain (II): Put a Trigger Mechanism in the Legislation

When he meets with congressional leaders to begin discussions about avoiding the “fiscal cliff,” Obama should make clear that America faces two big economic challenges ahead: getting the economy back on track and getting the budget deficit under control.

Posted on Nov 13, 2012 READ MORE



Pete Souza/The White House

The President’s Opening Bid on a Grand Bargain: Aim High

Assuming the goal is $4 trillion of deficit reduction over the next decade (that’s the consensus of the Simpson-Bowles commission, the Congressional Budget Office, and most independent analysts), here’s what the President should propose.

Posted on Nov 12, 2012 READ MORE



Flickr/401(K) 2012

Study: Tax Cuts for Rich Not Path to Economic Growth

Contrary to what conservatives have been pushing, reducing taxes for the wealthiest Americans will not grow the economy. However, according to a new study by the Congressional Research Service, it does help to create income inequality.

Posted on Sep 17, 2012 READ MORE


‘Debate’ Over Taxes? Read On

Contrary to popular belief, even Barack Obama would give the wealthy a tax break. It’s a question of giving each of those households the equivalent salary of one butler (Obama’s plan) or three butlers (Romney’s plan).

Posted on Jul 20, 2012 READ MORE



White House/Pete Souza

Obama Calls for Bush Tax Extension for Middle Class

President Obama on Monday urged Congress to pass a one-year extension of the Bush tax cuts for those earning less than $250,000 a year. The president also called for the tax cuts on Americans making more than $250,000 a year to once and for all expire, setting up what will surely be an election year showdown between himself and Republicans on a crucial economic issue.

Posted on Jul 9, 2012 READ MORE



ansik (CC BY 2.0)

One in Five Americans Is Jobless or Underemployed

Economics reporter David Cay Johnston takes an accounting of American wages, personal debt, national income from manufactured exports and tax revenue both today and 10 years ago, and concludes the U.S. needs a new set of fiscal policies.

Posted on Jun 22, 2012 READ MORE



White House Photo by Paul Morse (via Wikimedia Commons)

Dubya’s Presidential Tab, Jon Stewart on Political Gaffes and More

A look at the day’s political happenings, including Arizona’s special election, the fiscal damage done by George W. Bush’s presidency and the latest on the controversial Florida voter purge.

Posted on Jun 12, 2012 READ MORE



Pete Souza/The White House

Wisconsin Exit Poll Surprise, Romney Email Hack and More

A look at the day’s political happenings, including Wisconsin exit polls, President Obama’s position on the Bush tax cuts for the wealthy and the slap heard ’round the Badger State.

Posted on Jun 6, 2012 READ MORE



Screen cap from CNBC

Clinton Backs Bush Tax Cuts in the Short Term (Video)

While President Obama says he would like to extend tax cuts only for the middle class, former President Bill Clinton is advocating a full extension of cuts, including those benefiting the wealthy, for political and economic reasons.

Posted on Jun 5, 2012 READ MORE


What’s in a Name? George W. Regrets Dubbing Those ‘Bush Tax Cuts’

When George W. Bush made his first public appearance in many months to discuss economic policy in New York on Tuesday, his utterances may have revealed more than he intended.

Posted on Apr 12, 2012 READ MORE


Obama Is Flexible

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Posted on Apr 1, 2012 READ MORE


Dual Trigger Double Barrel

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Posted on Dec 1, 2011 READ MORE



Kenny Louie (CC-BY)

Will Moderates Defeat Moderation?

Some of my middle-of-the-road columnist friends keep ascribing our difficulties to structural problems in our politics. But the problem we face isn’t about structures or the party system. It’s about ideology.

Posted on Nov 27, 2011 READ MORE



DonkeyHotey (CC-BY)

On Deadline, No Sign of a Debt Deal

Talks between congressional leaders charged with coming up with a plan by Wednesday to cut the national deficit by $1.2 trillion have descended into squabbling and finger-pointing, suggesting that automatic cuts to domestic programs, Medicare and defense spending—rather than a mix of cuts and tax increases—are inevitable. (more)

Posted on Nov 20, 2011 READ MORE



DonkeyHotey (CC-BY-SA)

The Easiest Way to Cut the Deficit

Here is a surefire way to cut $7.1 trillion from the deficit over the next decade. Do nothing.

Posted on Nov 16, 2011 READ MORE


Bernie Sanders, a Violin and the Disappearing Middle Class

In December, Sen. Bernie Sanders, I-Vt., made a noble attempt to filibuster against the extension of the Bush tax cuts. Predictably, his effort failed, and President Obama and members of the 111th Congress assumed responsibility for $858 billion in public money lost over the following two years.

Posted on Jul 23, 2011 READ MORE



Flickr / Beverly & Pack

Budget Watchdog Blames Debt Crisis on Bush Policy

The nonpartisan Center on Budget and Policy Priorities has updated research that projects nearly half of public debt in 2019 will be attributable to President George W. Bush’s tax cuts plus the ongoing wars in Iraq and Afghanistan.

Posted on May 25, 2011 READ MORE


Obama’s Promises

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Posted on Mar 14, 2011 READ MORE



White House / Pete Souza

Congress Passes Obama-Bush Tax Cuts for the Wealthy

After a brief show of disapproval, the House went along with the Senate to extend George W. Bush’s gift to the yachting community for another two years. President Obama negotiated the compromise, which will add $858 billion to the deficit, thanks in part to generous giveaways to rich Americans—and not just those who are living.

Posted on Dec 17, 2010 READ MORE


In Latest Compromise, Obama Agrees He Is a Muslim

In his latest effort to find common ground with Republicans in Congress, President Barack Obama said today that he was willing to agree that he is a Muslim.

Posted on Dec 13, 2010 READ MORE


Ghost of Christmas Rich

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Posted on Dec 10, 2010 READ MORE


Hold Your Nose and Vote ‘Aye’

Approve the lousy deal. It pains me to write those words, because the agreement President Obama negotiated with Republicans on tax cuts is really quite awful.

Posted on Dec 9, 2010 READ MORE



Flickr / (CC-BY-ND)

Angry House Dems Reject Bush-Obama Tax Cuts

Democrats in the House passed a resolution Thursday telling the president not to bother bringing his compromise extension of tax cuts for the wealthy to their chamber. Nancy Pelosi said Democrats would continue to work with the White House and, if history is our guide, the White House will continue to work with Republicans to get the bill passed.

Posted on Dec 9, 2010 READ MORE


Olbermann Comments the Special Out of Obama

Maybe he heard that the president called liberals like him “sanctimonious,” but Keith Olbermann is pretty worked up. Watch to the end if you want to see the claws come out.

Posted on Dec 9, 2010 READ MORE


Opportunity in a Tax Deal

President Obama’s tax deal offers him a relatively painless way to wriggle out of his most irresponsible campaign promise: to permanently extend the so-called middle-class tax cuts, the middle in this case amounting to 98 percent of households.

Posted on Dec 7, 2010 READ MORE



White House / Pete Souza

Obama’s Tax Cave Is Worse Than Expected

Based on what The New York Times describes as President Obama’s “substantial concessions to Republicans,” Democrats in Congress have reason to fret. Not only did Obama agree to extend the Bush tax cuts for the wealthy, but he caved in to Republican demands to neuter the estate tax. ... (more)

Posted on Dec 7, 2010 READ MORE


Can Democrats ‘Up Their Game’?

Being the party of “new and improved” surely beats getting trapped in a fight whose terms were set entirely by Republicans.

Posted on Dec 6, 2010 READ MORE



AP

Tax Cut Bills Run Into a Buzz Saw

Republicans stood fast in the Senate to shoot down two attempts by Democrats to extend tax cuts for the middle class and let rates rise for wealthier taxpayers. Said one Democrat after the votes: “This is the ultimate game of chicken.” 

Posted on Dec 4, 2010 READ MORE


The Grinch Who Stole Washington

Why did Republicans go to the trouble and expense of winning the midterm elections?

Posted on Dec 3, 2010 READ MORE


Calling the Bluff on Deficits

The proposal put forth by the deficit commission’s chairmen is a deeply conservative document, but if Republicans are as concerned as they say, they should debate the plan—and deficit-increasing tax cuts—in Congress.

Posted on Nov 22, 2010 READ MORE


A Lame and Spineless Duck?

The lame-duck session of Congress that kicks off this week will test whether Democrats have spines made of Play-Doh, and whether President Obama has decided to pretend that capitulation is conciliation.

Posted on Nov 15, 2010 READ MORE



White House / Pete Souza

Obama Blinks on Tax Cuts for the Rich

Democrats of all stripes are voicing their horror after the White House indicated it might cave to Republicans and extend the Bush tax cuts to the wealthy. It’s one issue that has managed to unite and excite the Dems, and for which polls are overwhelmingly on their side, so it’s not surprising that there’s already a petition opposing the surrender.

Posted on Nov 11, 2010 READ MORE


Obama Tax Speech
AP

Obama Open to Tax Cut Compromise

With his proverbial political tail between his legs, President Barack Obama has articulated his clearest signal yet that he is open to a post-midterm compromise with newly empowered Republicans that would sustain some parts of the Bush-era tax cuts, which are set to expire at the end of 2010.

Posted on Nov 6, 2010 READ MORE


Egads

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Posted on Sep 22, 2010 READ MORE


The Wrong Tax Cut Debate

It’s remarkable how timidity leads Democrats to fight this year’s campaign on Republican terms. Nowhere is this more obvious than on taxes.

Posted on Sep 19, 2010 READ MORE


The Tax-Cut Hand Grenade

The president’s position that the tax cuts for those making less than $250,000 a year should be extended permanently is fiscally reckless.

Posted on Sep 7, 2010 READ MORE


Deficit Dope

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Posted on Aug 1, 2010 READ MORE


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