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Tag: Taxes

The Right’s Twisted Blame Game

Listening to the president’s critics, it would be easy to believe that Obama is responsible for the deficits, bailouts, bonuses, nationalized institutions and careening markets. It would be easy to believe but it’s entirely false.

Posted on Mar 26, 2009 READ MORE  |  96 COMMENTS


Daring to Utter the T Word

The most significant moment of Obama’s news conference concerned taxes: his defense of proposed limits on the benefits that the well-off get for their charitable contributions and mortgage payments.

Posted on Mar 26, 2009 READ MORE  |  15 COMMENTS


Lessons of the Exxon Valdez

Twenty years ago, the Exxon Valdez supertanker spilled at least 11 million gallons of oil into Alaska’s pristine Prince William Sound. The consequences of the spill were epic and continue to this day, impacting the environment and the economy.

Posted on Mar 24, 2009 READ MORE  |  16 COMMENTS


Kill AIG Bonuses With a Tax? It’s a Lousy Idea

Obama needs to stop straddling and to threaten to veto any cockamamie tax scheme that emerges from Congress as retribution for the repulsive bonuses handed out at American International Group.

Posted on Mar 23, 2009 READ MORE  |  31 COMMENTS


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visitbulgaria.info

AIG Claims It Overpaid Taxes, Sues Government

Having succeeded in dispensing tens of millions of dollars to company executives last week as the country—and Congress—cried foul, the insurance titan is now suing the government to reclaim millions in taxes. Apparently AIG officials believe they paid the IRS too much and now are demanding a huge tax rebate.

Posted on Mar 20, 2009 READ MORE  |  21 COMMENTS


The Geithner Problem

The treasury secretary may indeed be the hardest-working man in Washington. But in order to survive, let alone succeed, he’s going to have to make a more convincing case that he’s part of the solution and not part of the problem.

Posted on Mar 19, 2009 READ MORE  |  137 COMMENTS


Those Hit Hardest Get No Bailout

Taxpayers’ bailout money for AIG bonuses has rightfully provoked a massive backlash against AIG, Wall Street, President Barack Obama and his economic advisers, Treasury Secretary Timothy Geithner and Larry Summers.

Posted on Mar 17, 2009 READ MORE  |  31 COMMENTS


Now It’s Personal

The last thing the surgeon said to me before they rolled me into the operating room was, “You know, if you and Obama had your way with health care, it wouldn’t be me doing this operation. It would just be some guy.”

Posted on Mar 16, 2009 READ MORE  |  43 COMMENTS


It’s Time to Put the Clamps on Tobacco

An idea that has been around for years now has reached that rarest of moments: There is a political environment that should, if reason prevails, produce legislation to require the Food and Drug Administration to regulate tobacco products.

Posted on Mar 16, 2009 READ MORE  |  32 COMMENTS


A Big Moment for Volunteerism

The House this week is expected to vote to expand civilian service, and the Senate will soon take up a similar bill. This issue holds the promise of producing that much prized but elusive Washington commodity: a large bipartisan majority. 

Posted on Mar 16, 2009 READ MORE  |  11 COMMENTS


From Frozen Minds, a ‘Spending Freeze’

Things are bad, and very likely to get worse—but the Republicans seem determined to plunge us into a real depression, gambling that catastrophe would return them to power.

Posted on Mar 12, 2009 READ MORE  |  35 COMMENTS


A Bad Fix Would Be No Fix

Advice to solve the financial crisis before even thinking about health care, energy or education is either misguided or disingenuous. Fortunately, Obama seems to be ignoring all the chatter.

Posted on Mar 12, 2009 READ MORE  |  6 COMMENTS


The Point of Pointing Fingers

Obama speaks disdainfully of “ideology,” but there comes a time when first principles need to be articulated. Conservatives have entered this fight with guns blazing while progressives have hidden behind a Maginot Line armed only with the word pragmatism.

Posted on Mar 11, 2009 READ MORE  |  18 COMMENTS


If Only Obama Were as Radical as They Say

While conservatives cry socialism, the president is trying to steer a moderate course. Moderation, however, may be the wrong recipe. There is something deeply disturbing about the drip, drip, drip of billions into the banking system with no apparent impact.

Posted on Mar 8, 2009 READ MORE  |  23 COMMENTS


Finding Peace in the Culture Wars

If President Obama’s primary task is to restore economic growth, he has also been waging a quiet, long-term campaign to ease the nation’s divisions around religious and moral questions.

Posted on Mar 5, 2009 READ MORE  |  12 COMMENTS



White House / Pete Souza

America’s New Trajectory

Just six weeks into his term, Obama has opened his bid to redraw the boundaries of our politics and expand the realm of the possible.

Posted on Mar 3, 2009 READ MORE  |  22 COMMENTS


Redistributionist, and That’s Just Fine

The well-off will pay more in taxes. And before the howling on the right gets too loud, consider that we have just gone through a long era involving a far less frank form of redistribution—upward.

 

Posted on Mar 2, 2009 READ MORE  |  54 COMMENTS


Getting Better

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Posted on Mar 1, 2009 READ MORE  |  3 COMMENTS        


Bill Redux?

For someone who spent much of the Democratic primary season running against the Clinton era, Obama sounds an awful lot like President Clinton.

Posted on Feb 25, 2009 READ MORE  |  17 COMMENTS



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The President’s Address to Congress

In his first speech to a joint session of Congress, President Obama acknowledged the dire state of the economy, but struck a hopeful tone as he expanded on his vision for recovery. Investments in energy, education and health care will be key, he said, as will an expanded bailout of the financial sector. (Summary, video and full text after the jump)

Posted on Feb 24, 2009 READ MORE  |  89 COMMENTS


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Jindal Disses Obama’s Economic Plan

Perhaps keeping an eye on the 2012 election, Louisiana’s Republican Gov. Bobby Jindal has gone public with his critique of President Barack Obama’s proposed solutions to the country’s economic woes. ThreatDown!

Posted on Feb 24, 2009 READ MORE  |  58 COMMENTS


Sarah Palin
Flickr / geerlingguy

Some Governors May Tell Obama to Stuff It

While just about every state in the Union is starving for funds, a small band of Republican governors is debating whether or not to reject the stimulus bill’s cash infusion, citing concerns over future taxes. This California editor says good. Give their stimulus money to my state. It’s broke.

Posted on Feb 22, 2009 READ MORE  |  21 COMMENTS


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Obama: Let’s Get to Work

In his weekly address, President Barack Obama hailed the stimulus bill he recently signed, the American Recovery and Reinvestment Act, as “the most sweeping economic recovery plan in history.” Here’s what he had to say to back up this big claim.

Posted on Feb 21, 2009 READ MORE  |  7 COMMENTS



AP photo / M. Spencer Green

Health Care Reform Can’t Wait

The national health care crisis, intensified by the recession, is so bad that nothing can be permitted to stop reform of the system, not even the implosion of the president’s health czar.

Posted on Feb 19, 2009 READ MORE  |  65 COMMENTS



Flickr / Jeffrey Beall

Pols Sink or Swim With the Stimulus

President Obama on Tuesday will sign the stimulus bill, which passed without the support of a single House Republican and with only three votes from the GOP in the Senate. With battle lines that stark, lawmakers have tied their fates to that of the bill.

Posted on Feb 15, 2009 READ MORE  |  7 COMMENTS



Allen Barra on the Myth of Ronald Reagan

At last, a revisionist takedown of our 40th president, portrayed as an empty suit too often lauded by the common people he betrayed.

Posted on Feb 13, 2009 READ MORE  |  81 COMMENTS



State Dept. / Michael Gross, cropped

Israel’s Kingmaker in Legal Limbo

With his party holding 15 seats in the Knesset, Avigdor Lieberman of the ultranationalist Yisrael Beiteinu is poised to pick Israel’s next government. Lieberman would like a choice cabinet post in exchange for anointing the next premier, but he’s under investigation for allegedly laundering millions of overseas dollars.

Posted on Feb 12, 2009 READ MORE  |  12 COMMENTS


Stronger, Please, Mr. President

Having allowed his Republican opponents to dominate the economic debate, Obama used his first news conference to rebut them—coolly and civilly, yet without leaving any doubt that he can strike back harder if necessary.

Posted on Feb 11, 2009 READ MORE  |  8 COMMENTS


Charles Darwin on the Origin of Republicans

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Posted on Feb 10, 2009 READ MORE  |  8 COMMENTS


Another Nominee With Tax Problems

What exactly was the point of that endless questionnaire Team Obama famously had prospective worker bees fill out? A fifth Obama nominee has run into some controversy, the fourth due to a failure to pay taxes, although in the case of Labor Secretary-designate Hilda Solis, her husband is to blame.

Posted on Feb 5, 2009 READ MORE  |  8 COMMENTS


In Washington, Public Policy and Private Wealth Are Hopelessly Tangled

Barack Obama in Washington reminds one of Diogenes in Athens, with his lantern in search of an honest man.

Posted on Feb 5, 2009 READ MORE  |  16 COMMENTS


GOP Revs Up the Spin on Stimulus

Republicans have been winning the media wars over Obama’s central initiative. They have done so largely by defining the proposal by its least significant parts.

Posted on Feb 5, 2009 READ MORE  |  17 COMMENTS


Stimulus Skeptics Wrong (Again)

Mythology is overshadowing history in the debate over Obama’s plan to stimulate the depressed economy. Excessive airtime is devoted to the prejudices of cable hosts and radio personalities who regurgitate ideas they barely understand.

Posted on Feb 5, 2009 READ MORE  |  24 COMMENTS


Nominee Confirmed or Your Money Back

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Posted on Feb 4, 2009 READ MORE


Dear Wall Street

The reason you are such a big story is that you’ve stolen our money. Or at least that’s how most of the country sees it. You think those auto executives looked bad when they flew into Washington on their private jets? Just you wait.

Posted on Feb 4, 2009 READ MORE  |  24 COMMENTS



Flickr / Obama-Biden Transition Project

Obama Takes Responsibility for Nominee Mess

President Obama blitzed the networks Tuesday to say “I screwed up.” Three of Obama’s high-profile nominees had failed to pay all the taxes they owed. Two were forced to withdraw from consideration earlier Tuesday. The president said he wanted to “send a message that there aren’t two sets of rules—you know, one for prominent people and one for ordinary folks who have to pay their taxes.”

Posted on Feb 3, 2009 READ MORE  |  16 COMMENTS


Ethical Malpractice

No need to fumble for words that sum up the stew of hypocrisy, arrogance and insiderism that is the unfolding saga of Tom Daschle. This is the audacity of audacity.

Posted on Feb 2, 2009 READ MORE  |  27 COMMENTS


Making Him Do It

Intragovernmental squabbling probably makes the conflict-averse Obama uncomfortable. But the “make him do it” dynamic could finally bring the center of Washington’s political debate closer to the progressive center of American public opinion.

Posted on Jan 29, 2009 READ MORE  |  15 COMMENTS


The GOP’s Soundproof Room

Unbeknown to the House Republicans who voted unanimously against President Obama’s stimulus package, we are in the midst of a rare fundamental shift in American politics.

Posted on Jan 29, 2009 READ MORE  |  53 COMMENTS


Economic Policy That Might Actually Work? Who Knew?

After eight years of trickle-down tax cuts that pushed the prosperous up and left most everyday Americans sliding further down, the stimulus bill now moving swiftly through Congress is more than a reversal of political course. Let’s hope it’s not too late.

Posted on Jan 29, 2009 READ MORE  |  44 COMMENTS


Timothy Geithner
Wikimedia Commons / Presidencia de la Nación Argentina

Senate Sends Geithner to Treasury

Timothy Geithner may be a tax dodger who helped funnel taxpayer funds to his banking buddies, but we need that kind of cunning right now. That’s the thinking on Capitol Hill, anyway. The Senate confirmed President Obama’s pick to head Treasury on Monday, over the grumbles of 34 senators.

Posted on Jan 26, 2009 READ MORE  |  7 COMMENTS


General Motors Lobby
nation.co.ke

Post-Bailout, Lobbying Continues

Without skipping a beat, once-troubled financial entities are continuing to spend big to lobby Congress as they pocket billions in TARP bailout money. The lobbying is defended by the bail-outted firms as a “transparent and effective way” to be heard on policy issues.

Posted on Jan 23, 2009 READ MORE  |  6 COMMENTS


The Downside of Bipartisanship

Remember this, President Obama: There are few Washington traditions as annoying as the cultish worship of bipartisanship, for it ignores the simple fact that sometimes one party gets things disastrously wrong.

Posted on Jan 22, 2009 READ MORE  |  27 COMMENTS


What Can Obama Learn From Bush?

The Bush administration’s specific failures—in foreign and domestic policy and on matters related to civil liberties—are clear enough. Yet the deeper cause of the public’s disaffection goes beyond these specifics.

Posted on Jan 20, 2009 READ MORE  |  10 COMMENTS



Flickr / jphilipg

What Does $825 Billion of Stimulation Feel Like?

There will be negotiation, revision and capitulation, but the basic guts of the Democrats’ $825 billion stimulus package are out in the open. There’s billions for infrastructure, billions for schools and billions for you and me. House Minority Leader John Boehner (R-Ohio) responded by saying “Oh. My. God,” which we’ll take to mean, “Praise Jesus! The Democrats have done it again.”

Posted on Jan 15, 2009 READ MORE  |  4 COMMENTS



Flickr / exfordy

The Party of No Ideas

Would it be rude to ask whether the Republicans have any new proposals to save the country from this worsening recession? If not, they should halt their reactionary opposition to Barack Obama’s stimulus plan.

Posted on Jan 14, 2009 READ MORE  |  33 COMMENTS


So, Just Who Is the Guy Taking the Oath?

Obama has made it hard for anyone to pin him down philosophically. So when he raises his hand on Tuesday, exactly what can the American people expect?

Posted on Jan 14, 2009 READ MORE  |  13 COMMENTS


The Politician in Chief Works for a Stimulus

The substantive issues surrounding an economic stimulus are clearer than the politics of getting it passed fast. Here’s how Obama is trying to weave the politics and the substance together.

Posted on Jan 8, 2009 READ MORE  |  14 COMMENTS


Beware, Mr. Obama, of Tax-Cut Seduction

Much of the business-tax package Obama contemplates fails his own test of cutting business taxes “where it makes sense and is going to work.”

Posted on Jan 8, 2009 READ MORE  |  22 COMMENTS


Navel-Gazing in the Grand Old Party

While Republicans are looking inward and focusing on appeals to the party’s activist base, Obama wants Democrats to concentrate their energies on recently acquired political terrain and the new converts who were central to his party’s sweep last year. 

Posted on Jan 6, 2009 READ MORE  |  23 COMMENTS


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