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Tag: Tax Increase


SOTU Preview: Obama to Pitch Plan to Raise Taxes on the Wealthy

President Obama appears as though he’s not about to take the whole lame-duck thing (not to mention the Republican-lockdown-on-Congress thing) sitting down, given his outline for Tuesday’s State of the Union address.

Posted on Jan 18, 2015 READ MORE



Flickr/TexasGOPVote.com

Preserve Benefits: Cut Gouging and Inequities

Congress is still talking about a “Grand Bargain” that “balances” far more spending cuts than tax increases. That is another way of saying that you – the consumer of Medicare and Medicaid services, the recipient of Social Security, and the average taxpayer — will take the brunt of the spending cuts.

Posted on Nov 14, 2012 READ MORE



AP / Evan Vucci

Obama Does the Math on Deficit Reduction

President Obama rolled out a plan on Monday to reduce the federal deficit by $3 trillion over the next decade by combining cuts to benefit rights and war savings with tax increases. (more)

Posted on Sep 19, 2011 READ MORE



Flickr / uskidz

Minnesota Shuts Down

Six months of negotiations ended in booing and hissing Thursday night when Minnesota’s Democratic Gov. Mark Dayton announced that his state’s government would shut down as a result of a failure to reach a compromise with Republican legislators on how to deal with the state’s $5 billion budget deficit. (more)

Posted on Jul 1, 2011 READ MORE


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