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By Richard Ellis
$19.11
E.J. Dionne
$22.95
$20
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By David Sirota — With Congress finally starting to have a serious conversation about our revenue crisis, there are obvious reasons to limit the amount of mortgage interest that Americans can deduct from their taxable income.
Posted on Dec 13, 2012
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_ES (CC-BY)
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By Bill McKibben, TomDispatch —
Along with “fivedollaragallongas,” the energy watchword for the next few months is: “subsidies”—a word representing at least $10 billion in freebies and possibly as much as $40 billion annually in freebie cash for an energy industry already making historic profits.
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Flickr / JoelK75
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With gas prices still rising, House Speaker John Boehner has broken from traditional GOP rhetoric to voice his support for ending tax breaks to the oil industry.
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Flickr / mattdente (CC-BY-SA)
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Yasha Levine, who reported for us on tea party diva Michele Bachmann’s hypocritical penchant for federal farm subsidies, tipped us off that the Obama administration and Congress are making it harder to track the millionaires who hit up Uncle Sam for crop cash.
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AP / Charles Dharapak
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By Yasha Levine — The anti-government insurrectionist has taken more than a quarter-million dollars in government handouts thanks to corrupt farming subsidies she has been collecting for at least a decade.
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By Louis Freedberg and Hugo Cabrera, California Watch —
Most of California’s largest school districts are increasing class sizes in kindergarten through third grade, eroding the most expensive education reform in the state’s history.
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The New York Times / Susan Etheridge
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Senate Majority Leader Harry Reid announced Wednesday afternoon that congressional leaders have finally agreed on a $789 billion economic stimulus package, pushing the plan to a final House and Senate vote by Friday at the earliest.
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boston.com
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The World Trade Organization talks in Geneva finally imploded Wednesday, as negotiations over farm subsidies and labor standards collapsed into an immovable standstill between wealthy and poorer countries. The talks, defended heavily by the “developed world,” are seen by critics as an instrument to serve corporate interests.
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flickr.com
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While supporters of the much troubled Doha Round of the World Trade Organization believe talks may have found their second wind, only the world’s largest economies seem to be breathing. The form of capitalism supported by these countries is resisted by poorer nations, which rightly fear WTO deregulations would disproportionately benefit the wealthy.
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international.wi.gov
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What has the power to unite progressive Democrats and conservative Republicans? According to a compelling article in the San Francisco Chronicle, agribusiness is having its way in Congress, even getting Democrats to cut food stamps to make room for subsidies.
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By E.J. Dionne, Jr. — One of the most predictable arguments is also one of the most useless: that politics come down to a choice between being for “big government” or “small government.” Those catchphrases explain remarkably little about what politicians do, or what voters want.
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New welfare rules written by Congress and the Bush administration are taking effect, denying assistance to the poor for education and drug addiction treatment. The rules also require welfare recipients to work more hours a week, without providing additional child support subsidies.
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How the IRS’ Nonprofit Division Got So Dysfunctional
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