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By Peter Gosselin
$17.79
By David Armstrong and Joseph J. Trento
$16.47
$23
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freewebs.com
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Although President Bush has kicked off the auto industry bailout process before leaving office, some would call Bush’s strategy more of a punt to his presidential successor, Barack Obama.
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karljaro.blogspot.com
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Want a soda with that? It’ll cost you, if what you’re after is a non-diet drink and you happen to be in New York, thanks to a controversial tax plan that Gov. David Paterson has cooked up to combat rising obesity rates in his home state.
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AP photo / Chris Carlson
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Judging by the new additions to Barack Obama’s economic squad, the president-elect appears to be borrowing heavily from Robert Rubin’s ranks, but here’s an argument as to why Obama’s approach will differ from Rubin’s (but consider the source here).
Posted on Nov 24, 2008
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AP photo / Lauren Victoria Burke
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Perhaps we should be more surprised than we are by the news that Treasury Secretary Henry Paulson and his DOT crew managed to sneak a handful of sentences into the approved bailout bill that amounted to a $150-billion “quiet windfall” for American banks, as The Washington Post put it.
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Flickr/minds-eye
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If California is going to deny lesbian Melissa Etheridge her full rights as a citizen because of Proposition 8, the musician is happy to return the favor by refusing to add her tax money to the state’s coffers.
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By E.J. Dionne, Jr. — The first important election result for the senator in May—coming before his North Carolina victory—was the outcome of a little-noticed U.S. House contest in Louisiana.
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By Joe Conason — In this protracted and often dispiriting prelude to the general election, few remarks have been as poorly chosen as Sen. Hillary Clinton’s threat to “totally obliterate” Iran.
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By E.J. Dionne, Jr. — Lately, the campaigns of both Democratic contenders have changed—and those changes have made both stronger. Now there’s a contest between the old Obama and the new Clinton. Updated.
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brokerforyou.com
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What to do about the slumping U.S. economy? President Bush may disagree with congressional Democrats on dozens of issues, but he seems to agree with their call for some kind of temporary stimulus measure to be implemented as soon as possible. Bush’s potential bailout plan will likely focus on income tax rebates to inspire Americans to go out and spend for their country.
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boston.com
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It’s difficult to fully comprehend the total price tag of the Iraq war, but Republican presidential candidate Ron Paul has made some staggering calculations, coming up with a whopping $3.5 trillion—including “hidden costs” such as interest on the money we’re borrowing, and long-term health care for vets.
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House Speaker Nancy Pelosi explains to a persistent Arianna Huffington why the Democrats haven’t yet cut off funds for the war, why Mitt Romney isn’t going to be the next president and why she opposes a war tax: “This war has to end. I don’t want any accommodation made to pay for it or to prolong it.”
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Anyone considering a bid for the presidency these days should keep records of their college (and, to be extra-safe, high school) report cards handy, judging by President Bush’s take on the state of the nation’s economy and the relation of that topic to his own educational history.
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loringdesign.com
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Now that U.S. pennies are more of a nuisance than a useful form of currency, given their ever-so-rapidly evaporating value (no offense, Honest Abe), and now that it costs the government nearly two cents to make each penny, why don’t we just toss them altogether? (Hint: It has to do with lobbyists.)
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theonion.com
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The vast economic rift between the top and bottom tax brackets is a major cause for concern, and it’s not just those at the lower end of the income spectrum who are paying attention.
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A deluge of tax procrastinators attempting to file electronically before the midnight deadline on Tuesday slowed the TurboTax servers to a crawl, causing wait times in the hours. A spokesman for the company that makes the popular tax preparation software said it was “absolutely amazing” how many people had waited until the last possible moment.
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An appeals court in Norway ruled in favor of the owners of a go-go bar in Oslo who had refused to pay taxes on entry fees on the grounds that striptease dancers are stage artists like sword swallowers and comedians and deserve the same status. According to the BBC report, the court ruled that “[s]triptease, in the way it is practised in this case, is a form of dance combined with acting” and should be exempt from the value-added tax.
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sciam.com
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Not surprisingly, Republican governors have been veering to the left in a bid to capture votes. From California to Maryland, issues like the minimum wage, the environment and healthcare have gotten a boost in recent months.
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Rep. Jack Kingston (R-Ga.) wants to impose penalties on pimps who dont file W-2 forms for their prostitutes. But “Daily Show” correspondent Dan Bakkedahl asks, Instead of a tax on pimps, why not a rebate on hoes?
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From champagnelovers.org
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Normally, this would be cause for unbridled celebration. However, Republicans had cowardly and self-servingly tacked an estate tax reduction onto a bill designed to raise the minimum wage. So good legislation had to die in order for a terrible bill never to live.
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From images.blackeyedpeas.com
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House Republicans tacked a cut in estate taxes onto a bill to raise the minimum wage. Yeah, you read that correctly: The economically distressed would get an additional $2.10 an hour, whereas the Walton kids and the Hilton sisters would get untold millions.
Must be that compassionate conservatism we’ve heard so much about.
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A new study by the Brookings Institution found that the urban poor pay hundreds and sometimes thousands of dollars a year in extra costs for necessities, such as car insurance, home appliances, banking fees and other basics. (NYT link)
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“Anyone who doesn’t think this is a country where the rich are getting richer and the poor are getting poorer needs to check the numbers—this is Bush country, where a rising tide lifts all yachts.”
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By Marie Cocco — Using pennies in everyday transactions is a time-consuming hassle. But might their worth lie therein?
Posted on Jul 5, 2006
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After the GOP-controlled Congress rejected an increase in the minimum wage, House lawmakers have now voted to exempt the heirs of millionaires from having to pay taxes on their inherited wealth.
Posted on Jun 23, 2006
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From the Daily Mail
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Members of the American Medical Association’s annual conference will call for a levy on the sweeteners put in sugary drinks to pay for a massive health education campaign.
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It’s not enough to just worry…. What’s important is to worry about the right things. And that’s where the Republicans come charging to your aid. With just a bit of GOP education, your anxieties will be perfectly on target.
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From ThinkProgress
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House and Senate conservatives have agreed to spend $70 billion to extend the 15% tax rate on capital gains and dividends until 2010.
Posted on May 9, 2006
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Luckovich
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Even the House majority leader, a Republican, has rejected the Republican Senate leadership’s idea to send taxpayers a $100 check to cover rising gas prices.
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The families behind Wal-Mart, Gallo wine, Campbell?s soup, and Mars candy, among others, engaged in a deceptive, multi-million dollar lobbying campaign to repeal the tax, according to a report by two watchdog groups. It’s “one of the biggest con jobs in recent history,” reads the news release.
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Dwayne Powell —
Posted on Mar 20, 2006
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A nonpartisan, nonprofit think tank concludes: “the tax cuts have not paid for themselves, recent economic growth and revenue growth have not been particularly strong, and revenues remain lower than had been predicted before the tax cuts were enacted.”
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From BlueNC via AMERICAblog
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She sends out a GOP fundraising letter that appears to be from the IRS and instructs the recipient to respond.
A really dirty trick.
Blogger BlueNC broke the story, and AMERICAblog has good coverage.
Posted on Mar 8, 2006
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Marching in Chicago: Resisting Rahm Emanuel’s Neoliberal Savagery
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