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Tag: Taxes

GOP Panic Button

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Posted on Nov 22, 2011 READ MORE


‘Super Committee’ Fails to Overcome Republican Dogma

There are people on the right capable of arithmetic, but anyone who calls for revenue out loud is branded a heretic in Republican circles, where tax cuts are not a matter of policy but of faith.

Posted on Nov 21, 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



Wikimedia Commons

Study: Nearly Half of Congress Members Are Millionaires

The shiny ideal of representative democracy starts dimming a bit when one considers factors and figures like those charted in a new study about U.S. Congress members’ personal finances. According to the Center for Responsive Politics, 249 current members are millionaires—that’s about 47 percent. (more)

Posted on Nov 15, 2011 READ MORE



codepinkhq (CC-BY)

The Gitmo Price Tag

The Obama administration puts the cost of holding each of Guantanamo’s 171 prisoners at about $800,000 per year, or a total of $136 million taken from taxpayers’ pockets annually. That’s more than 30 times what it costs to keep an individual captive on U.S. soil. (more)

Posted on Nov 13, 2011 READ MORE



Kevin Dooley (CC-BY)

American Decline Is Crushing the Middle Class

Only 21 percent of all respondents in a new poll think the lives of their children will be better than their own.

Posted on Nov 2, 2011 READ MORE



Gage Skidmore (CC-BY-SA)

Speaking Up for That ‘1 Percent’

Before Paul Ryan delivers another lecture on the “fatal conceit of liberalism,” he ought to examine his own silly conceit: that he and others like him represent the hardworking majority, when he was merely born at the top.

Posted on Oct 28, 2011 READ MORE



Gage Skidmore (CC-BY-SA)

Perry, Cain and Flat Earth Government

It’s one of the strangest things in our politics: The only “big” ideas Republicans and conservatives seem to offer these days revolve around novel and sometimes bizarre ways of cutting taxes on rich people.

Posted on Oct 23, 2011 READ MORE



Gage Skidmore (CC-BY-SA)

Nice Debates, Guys, but You’re in Trouble

So what did we learn these last few weeks? To begin with, Republicans are people too.

Posted on Oct 20, 2011 READ MORE



Mike Shane

Naomi Wolf Arrested in New York

Truthdig contributor Madison Shockley reports that the author and political consultant was arrested after leaving a Huffington Post event in lower Manhattan honoring New York Gov. Andrew Cuomo.

Posted on Oct 18, 2011 READ MORE



Gage Skidmore (CC-BY-SA)

The Tax Hikes That Republicans Love

Rather than close the grossest loopholes and deductions exploited by billionaires, Republican politicians want to punish all those families living large on $300 a week by taxing them more.

Posted on Oct 16, 2011 READ MORE



EA via Wikipedia

Herman Cain’s Tax Plan Is Shared With ‘SimCity’

With presidential hopeful Herman Cain’s ascension to the top of the GOP field, everyone is talking about his 9-9-9 tax plan—or should we say “SimCity’s” 9-9-9 tax plan? (more)

Posted on Oct 13, 2011 READ MORE



Flickr / Mel R

U.S. Income Levels Plunged as Recession Lifted

More interesting, perhaps, than this New York Times article’s proffered data on falling household incomes and the reasons for same is its official timeline for our nation’s most recent recession: “ … From December 2007 to June 2009.” (more)

Posted on Oct 10, 2011 READ MORE



Flickr / zpeckler

Robert Reich Points a Way Out of the ‘Jobs Depression’

Government—the purchaser of last resort—must intervene to revive a sickly economy when consumers and businesses can’t do it on their own, says the award-winning political economist Robert Reich. (more)

Posted on Oct 2, 2011 READ MORE


Moneybags

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Posted on Sep 29, 2011 READ MORE



David Nallah (CC-BY)

Class Warfare: Bring It On!

President Obama came out here last Tuesday to proclaim himself a "warrior for the middle class." Would that it were true.

Posted on Sep 28, 2011 READ MORE



White House / Pete Souza

Why They Hate Warren Buffett

You can’t accuse a big capitalist of “class warfare.” That’s why the right wing despises Warren Buffett and is trying so hard to shut him up.

Posted on Sep 28, 2011 READ MORE



Flickr / epSos.de

Demanding More of the Wealthy

If you’re tuned into your social surroundings, you’re likely to hear people arguing over whether raising taxes on the rich would be a good thing or a bad thing for Americans. With election season on its way, the noise and volume are bound to rise. (more)

Posted on Sep 26, 2011 READ MORE


Warren Buffett Recruits

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Posted on Sep 22, 2011 READ MORE


Facebook

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Posted on Sep 22, 2011 READ MORE



White House / Pete Souza

The Fight-Back Plan

The GOP and its upper-crust patrons have been waging an undeclared but devastating war against middle-class, working-class and poor Americans for decades. Now they scream bloody murder at the notion that long-suffering victims might finally hit back.

Posted on Sep 19, 2011 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



White House / Pete Souza

Obama to Announce New Tax Plan for Millionaires

On Monday, President Obama is expected to call for a new minimum tax rate for Americans making more than $1 million a year. The proposal will be called the “Buffett Rule,” after billionaire investor Warren Buffett, who has complained that rich Americans are not paying their fair share in taxes. (more)

Posted on Sep 18, 2011 READ MORE



Gulfstream

Obama Will Make the Wealthy Pay for His Jobs Bill

White House Budget Director Jack Lew revealed Monday that the administration plans to raise $467 billion in tax revenue from people making more than $200,000 a year, investment fund managers, the oil and gas industry and owners of corporate jets. (more)

Posted on Sep 12, 2011 READ MORE



Flickr / Pink Sherbet Photography

Video Game Companies Cash In on Tax Tokens

American video game developers are benefiting from an odd combination of tax breaks many analysts say are intended to encourage industries that serve the public good by providing broadly valuable social services. (more)

Posted on Sep 11, 2011 READ MORE



White House / Pete Souza

Obama Tells Congress Americans Don’t Have 14 Months

By far the most stirring line in the president’s jobs speech Thursday was his acknowledgment that “the next election is 14 months away and the people who sent us here—the people who hired us to work for them—they don’t have the luxury of waiting 14 months.”

Posted on Sep 8, 2011 READ MORE



Flickr / thisisbossi (CC-BY-SA)

California Strikes a Deal With Amazon

California legislators cut a tentative deal with Amazon.com Wednesday night that would allow the online retail giant to postpone collecting sales taxes from Californians until September 2012. (more)

Posted on Sep 8, 2011 READ MORE


Labor Day

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Posted on Sep 4, 2011 READ MORE



calebjc (CC-BY-SA)

Who Pays for God’s Revenge?

Are we a nation of brothers who come to the aid of each other? Or are we just a crowd of folks out for ourselves? Why have a country if we don’t use it to help each other?

Posted on Aug 31, 2011 READ MORE



FEMA News Photos / G. Mathieson

Eric Cantor Exploits Disaster, Pushing Budget Cuts

The No. 2 GOP leader in the House says additional funds for FEMA will have to be matched by budget cuts, and we know from past experience what that means: less funding for programs that assist the poor and elderly without a hope of raising taxes. Michael “Heckuva Job” Brown thinks it’s a good idea. (more)

Posted on Aug 30, 2011 READ MORE



Flickr / BriYYZ (CC-BY-SA)

Temporary Deal Has FAA Back Up and Running

The Senate voted Friday to temporarily fund the Federal Aviation Administration, putting 74,000 transportation and construction workers back on the job until September. (more)

Posted on Aug 5, 2011 READ MORE



Flickr / hyku (CC-BY-SA)

Congress Fails to End FAA Shutdown

Lawmakers failed Tuesday to extend the power of the Federal Aviation Administration to regulate tax funding, leaving thousands of airline employees out of work while Congress takes a monthlong holiday.

Posted on Aug 2, 2011 READ MORE


Moving Forward, Obama Says Medicare, Taxes Still Open for Discussion

President Obama spoke to the nation just after the Senate passed a bill to raise the debt ceiling and shortly before he signed it into law.

Posted on Aug 2, 2011 READ MORE



Flickr / the-father

Corporate Front Group Burns Americans

ALEC, the American Legislative Exchange Council, is a secretive association of corporations and state legislators that has been crafting public policy to suit corporate interests since 1973. The organization is not new, but the opportunity to review ... (more)

Posted on Aug 1, 2011 READ MORE



White House / Pete Souza

‘A Terrible Deal’

In an editorial published shortly after the announcement of a new deal to raise the debt ceiling, The New York Times calls the agreement a “nearly complete capitulation to the hostage-taking demands of Republican extremists.”

Posted on Jul 31, 2011 READ MORE


Divided Government

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Posted on Jul 31, 2011 READ MORE



House Speaker's Office

Power of the Big Idea

Conservatives are on a winning streak because they have a Big Idea that serves as an animating, motivating, unifying force. It happens to be a very bad idea, but it’s better than nothing—which, sadly, is what progressives have.

Posted on Jul 28, 2011 READ MORE


Monday’s Obama-Boehner Debt Speeches, Minus the Grandstanding

We’re all about in-depth coverage, but when it comes to political grandstanding, better to just skip to the good stuff. Here are two minutes or so each from the president and House speaker’s Monday debt ceiling speeches (during which John Boehner said it’s “not going to happen.”)

Posted on Jul 25, 2011 READ MORE



Flickr / doug88888

The Real Cause of America’s Debt Crisis

Over the past century, America’s rich made their millions and billions through the use of public assets shared by everyone. By virtue of those profits, they have not only a moral, but a rational obligation to pay more for the upkeep of public services. (more)

Posted on Jul 25, 2011 READ MORE



White House / Pete Souza

After the Debt Ceiling Fiasco

Most Americans care more about jobs and the economy than debt, which is why Mitt Romney is campaigning on those issues while President Obama is caught up in the tea party’s priorities.

Posted on Jul 25, 2011 READ MORE



Cliff (CC-BY)

Senate Democrats Angry Over Obama ‘Sellout’

Senate Democrats have noticed that the president is dealing directly with House Republicans to reach a debt ceiling deal, one that may include trillions in cuts to Social Security and Medicare without any tax increases, and they’re not happy.

Posted on Jul 21, 2011 READ MORE



AP / Paul Beaty

Republican Goofery Isn’t Limited to the Tea Party

There is a deep-rooted wrongheadedness about the Republicans as they drag the country toward fiscal disaster. Those afflicted with this harmful thinking range from tea party extremists like Michele Bachmann to pundits such as Peggy Noonan.

Posted on Jul 21, 2011 READ MORE


Obama Can’t Celebrate Yet

The wounded are especially dangerous fighters. President Obama now occupies the high ground in the debt ceiling debate, having called the Republicans’ bluff on the debt. He showed that deficit reduction is not now, and never has been, the GOP’s priority. He dare not get overconfident.

Posted on Jul 13, 2011 READ MORE


Debt Ceiling Dessert

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Posted on Jul 11, 2011 READ MORE



White House / Pete Souza

Calling the GOP’s Bluff

Obama’s in-your-face attitude seems to have thrown Republicans off their stride. They thought all they had to do was convince everyone that they were crazy enough to force an unthinkable default on the nation’s financial obligations. Now they have to wonder whether Obama is crazy enough to let them.

Posted on Jul 5, 2011 READ MORE


Independence From Obama

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Posted on Jul 4, 2011 READ MORE



Detail of a draft of the Declaration of Independence from Wikimedia Commons

What Our Declaration Really Said

Our nation confronts a challenge this Fourth of July that we face but rarely: We are at odds over the meaning of our history and why, to quote our Declaration of Independence, “governments are instituted.”

Posted on Jul 3, 2011 READ MORE


Shining the Spotlight on the Corporate Pay Gap

As the deficit has exploded, incriminating facts have leaked out showing that many corporations pay more to their executives than they pay in taxes (and many firms pay no corporate income tax at all).

Posted on Jul 1, 2011 READ MORE


What California’s Devastating Budget Says About Democrats

Truthdig political reporter Bill Boyarsky explains why Michele Bachmann could win Iowa, tells us about Mitt Romney’s advantage and says “The impact of [California’s] budget is going to be felt negatively for generations.”

Posted on Jun 30, 2011 READ MORE



Illustration from a photo by Jeffrey (CC-BY-SA)

Tax-Dodging Amazon Drops California Partners

Amazon.com abruptly ended its Associates Program for California residents Wednesday, cutting off roughly 10,000 individuals and small businesses, including this one, from a vital source of income with less than a day’s notice. Like a handful of states, California is trying to force Amazon to collect sales tax. (more)

Posted on Jun 30, 2011 READ MORE


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