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Mandate Of Heaven

Mandate Of Heaven

By Orville Schell

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Tag: Taxes

Off With Her Deficit

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Posted on Mar 13, 2013 READ MORE



AP/Mark Lennihan

If Corporations Don’t Pay Taxes, Why Should You?

The U.S. government exists primarily to make the world safe for multinational corporations, but those firms feel no obligation to pay for that protection in return.

Posted on Mar 12, 2013 READ MORE



The White House/Pete Souza

What Obama Should Do Now

I’d make clear to the American people that they made a choice in 2012 but that right-wing House Republicans have been blocking that choice, and the only way to implement that choice is for Congress to pass the Build America’s Future Act.

Posted on Mar 5, 2013 READ MORE



Neon Tommy

How California Turned Its Own Sequester Into Higher Taxes and Economic Growth

If President Obama follows the example of Gov. Jerry Brown in California, he can use devastating budget cuts to deal conservatives a crushing blow, argues David Sirota.

Posted on Mar 4, 2013 READ MORE


No Thank You Necessary

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Posted on Feb 28, 2013 READ MORE



Flickr/Andrew Feinberg

How Facebook Made a Billion Dollars, Paid No Taxes and Expects a Huge Refund

Despite making $1.1 billion after going public last year, Facebook didn’t pay a dime in state or federal income taxes in 2012. Instead, thanks to the social media company’s use of a single tax break, it anticipates getting a massive refund from the government totaling $429 million.

Posted on Feb 17, 2013 READ MORE



Flickr/davidd

The Minimum Wage, Guns, Health Care and the Meaning of a Decent Society

Raising the minimum wage from $7.25 to $9 should be a no-brainer. Republicans say it will cause employers to shed jobs, but that’s baloney.

Posted on Feb 17, 2013 READ MORE



flickr/skooksie

The Sports Tax

That term—Sports Tax—is not hyperbolic. In a week that saw Louisiana fork over $5 million to the NFL for the privilege of helping that league make big Super Bowl money, Sports Tax is the most accurate catch-all label for the four sets of levies the public is being made to shell out.

Posted on Feb 8, 2013 READ MORE



Flickr/401(K) 2013

The Myth of Living Beyond Our Means

Brace yourself. In coming weeks you’ll hear there’s no serious alternative to cutting Social Security and Medicare, raising taxes on middle class, and decimating what’s left of the federal government’s discretionary spending on everything from education and job training to highways and basic research.

Posted on Jan 29, 2013 READ MORE



.v1ctor. (CC BY 2.0)

GOP Governors Would Help the Rich Pick Your Pockets

A slew of Republican governors are taking advantage of an “improving economy and a gradual rebound in revenues” to aggressively push for cuts to personal and corporate income taxes, and propose to make up the difference by raising sales taxes.

Posted on Jan 25, 2013 READ MORE



Flickr/ 401(K) 2013

Are Single People Getting Financially Screwed?

According to Lisa Arnold and Christina Campbell, singles can pay as much as $1 million more over a lifetime than those who are married, simply because of their marital status.

Posted on Jan 15, 2013 READ MORE


Congressional Issues

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Posted on Jan 13, 2013 READ MORE


Depardieu, Russian Citizen

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Posted on Jan 10, 2013 READ MORE


Wag the Dogma

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Posted on Jan 4, 2013 READ MORE



Flickr/401(K) 2012

How Bad Is Our Debt Problem and Will a Deal Fix It?

President Obama met with congressional leaders Friday in another attempt to avert the fiscal cliff—the automatic tax increases and spending cuts set to take effect Jan. 1 unless Congress can strike a deal. The cuts and tax hikes are so large and so sudden that many economists fear they would plunge the country back into recession.

Posted on Dec 30, 2012 READ MORE


Fiscal Cliff Talks

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Posted on Dec 26, 2012 READ MORE


Merry Christmas

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Posted on Dec 23, 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


Homeownership Support Shouldn’t Be a Mansion Subsidy

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 READ MORE


The Strategy

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Posted on Dec 13, 2012 READ MORE



Senator Demands Federal Pot Plan, Norquist Makes Insane Prediction, and More

A look at the day’s political happenings, including a GOP contender for a top Cabinet post in the Obama administration and why Michigan Republicans should have taken a closer look at the right-to-work legislation they passed.

Posted on Dec 13, 2012 READ MORE


Going Up

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Posted on Dec 11, 2012 READ MORE


Pot

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Posted on Dec 11, 2012 READ MORE


Fiscal Cliff

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Posted on Dec 6, 2012 READ MORE


Boehner

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Posted on Dec 4, 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



Geithner Says GOP Will Cave, Allen West Compares Himself to Lincoln, and More

A look at the day’s political happenings, including what a new analysis says about your tax rates today, the Kennedy Center Honors for 2012 will be awarded and Nate Silver responds to Politico’s criticism.

Posted on Dec 2, 2012 READ MORE


Boehner Ball

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Posted on Nov 30, 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


Ignore Grover (and Learn From Him)

Pretending that Norquist is more powerful than he is allows Republicans to win acclaim they haven’t earned yet.

Posted on Nov 29, 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



Santorum May Not Be Done Running Yet, Nude Protests at Boehner’s Office, and More

A look at the day’s political happenings, including the entitlement program top Senate Democrats say is not on the “fiscal cliff” chopping block, and a former Republican senator has some harsh words for anti-tax advocate Grover Norquist.

Posted on Nov 27, 2012 READ MORE


Ping Pong

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Posted on Nov 26, 2012 READ MORE



401(K) 2012 (CC-BY-SA)

Cracks in the Anti-Tax Wall

We’re seeing the first signs in years that on the question of taxation—one of the fundamental responsibilities of government—the GOP may be starting to recover its senses.

Posted on Nov 26, 2012 READ MORE



GOP Backs Off Norquist Anti-Tax Pledge, Fox News Dissed on Fox News, and More

A look at the day’s political happenings, including another legal challenge to President Obama’s health care law and billionaire Warren Buffet discusses what Congress should do about taxing the wealthy.

Posted on Nov 26, 2012 READ MORE


sonogram
Flickr / renfield

Michigan Republicans Propose Absurd Tax Credit

The good news for parents to be in Michigan: Republican state lawmakers want to give a tax credit for fetuses beginning at 12 weeks’ gestation. The bad news: Last year, the state eliminated tax cuts for children who were already born.

Posted on Nov 26, 2012 READ MORE


Beaches

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Posted on Nov 19, 2012 READ MORE


Why We Should Stop Obsessing About The Federal Budget Deficit

The best way to generate jobs and growth is for the government to spend more, not less. And for taxes to stay low – or become even lower – for the middle class.

Posted on Nov 19, 2012 READ MORE


Boehner Promises

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Posted on Nov 18, 2012 READ MORE



AP/Sandy Huffaker

The Land of Milk and Honey Once More

The big news from the last election is that California, home to 12 percent of Americans and the world’s eighth-largest economy, is a model of rational political thought.

Posted on Nov 16, 2012 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



Pete Souza/The White House

Avoiding the ‘Fiscal Cliff’: ‘Broadening the Tax Base’ vs. Raising Taxes on the Rich

The president says he wants $1.6 trillion in tax hikes. Republicans say they won’t raise tax rates but might be willing to close some loopholes and limit some deductions and tax credits. Is compromise in the air?

Posted on Nov 14, 2012 READ MORE


Conservative Kristol: ‘It Won’t Kill the Country if We Raise Taxes’

The Weekly Standard editor is breaking with the Republican Party on the issue of taxes, telling “Fox News Sunday” that the GOP shouldn’t “fall on its sword” defending against a tax increase for millionaires.

Posted on Nov 12, 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


The Next Game of Economic Chicken: Taxing the Rich

The game of chicken isn’t about how much or when we cut the budget deficit. Or even whether the upcoming “fiscal cliff” poses a danger to the economy.

Posted on Nov 10, 2012 READ MORE



Pete Souza/The White House

Obama’s Next Economy: Why He Must Reframe the Economic Debate

When the applause among Democrats and recriminations among Republicans begin to quiet down the president will have to make some big decisions. The biggest is on the economy.

Posted on Nov 7, 2012 READ MORE



Flickr/Scout Tufankjian, Obama for America

The Final Days, the Biggest Issue, and the Clearest Choice

As we go into the final days of a dismal presidential campaign where too many issues have been fudged or eluded, the biggest issue on which the candidates have given us the clearest choice is whether the rich should pay more in taxes.

Posted on Oct 29, 2012 READ MORE


U.S. Tax Code

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Posted on Oct 28, 2012 READ MORE



kenteegardin (CC BY-SA 2.0)

The Entitlement Crisis That Isn’t

An article by author and economist Jeff Madrick in the November issue of Harper’s Magazine offers an antidote to the view that social spending—not anemic tax revenues—is the cause of America’s deficit problem, and argues that such policies are adopted only out of “political deference to the rich and powerful.”

Posted on Oct 23, 2012 READ MORE


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