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Tag: Taxes

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


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


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


Economic Death and Millionaire Taxes

For most of us, Benjamin Franklin’s words in 1789 still apply: “Nothing is certain but death and taxes.” However, millionaires, by definition, are not most of us.

Posted on Dec 26, 2008 READ MORE


Dennis Kucinich
AP photo / Kevin Wolf

Rep. Dennis Kucinich on His Battle With the Banks

Once they were as gods, but the deities of the American banking system are now in ruins, plunged from their pedestals into the maw of taxpayer largesse. There was a time when their power was real. Come with me to Cleveland 30 years ago today.

Posted on Dec 15, 2008 READ MORE



Truthdig / Peter Scheer

Redrawing the Political Map

A little-noticed California proposition could limit the kind of partisan gerrymandering that Republicans and Democrats have used to influence elections around America for decades. But is that a good thing?

Posted on Dec 11, 2008 READ MORE


A Tale of Two Nobel Nations

While the Nobel prizes recognize lifetime achievements in medicine, chemistry, physics, literature, economics and peace, and Sweden is a paragon among progressive, social democracies, there is another side to Sweden and the Nobels that warrants a closer look.

Posted on Dec 9, 2008 READ MORE


The Beauty of Free Money

No, the federal government isn’t going to discover new billions under some rock in a national park. But with the economic downturn, the new president’s imperative will be to spend as fast as he can, to the tune of perhaps $500 billion, to keep the economy from going belly up.

Posted on Dec 5, 2008 READ MORE


Bailout Turkey

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Posted on Nov 27, 2008 READ MORE


Bush’s Hoover Impression Flirts With Depression

At the earliest, it is likely to be at least February or March before the first dollar of an Obama recovery plan is felt. This is a national disgrace.

Posted on Nov 26, 2008 READ MORE



AP photo / Kiichiro Sato, file

Starving for Change

The swelling numbers waiting outside homeless shelters and food pantries around the country have grown by at least 30 percent since the summer. If Barack Obama continues to turn to the elites who created the mess, if he does not radically redirect the nation’s resources to assist the working class and the poor, we will become a third-world country.

Posted on Nov 24, 2008 READ MORE



Collage: Meutia Chaerani / Indradi Soemardjan and Shealah Craighead / White House

Paulson Revises Bailout Strategy

“I will never apologize for changing a strategy or an approach if the facts change,” explained Treasury Secretary Henry Paulson, who has retreated from his original plan of buying up near-worthless mortgage securities with taxpayer funds. Instead, Paulson will continue to pump money into troubled banks in exchange for equity, a scheme that has proved more expeditious and popular.

Posted on Nov 12, 2008 READ MORE


The Danger in Timidity

If Reagan had the voters’ permission to move away from strategies associated with liberalism, Obama has sanction to move away from conservative policies. And Reagan offers another lesson: His first moves were bold, and Obama should not fear following his example.

Posted on Nov 11, 2008 READ MORE


Johnny 5
myspace.com

Robocalls Confuse Voters

Calls have been going out in Virginia and Pennsylvania, telling people to vote tomorrow, on Nov. 5, according to Jonah Goldman, director of Election Protection at the Lawyers’ Committee for Civil Rights. Goldman says he doesn’t know who’s responsible, but similar misleading messages are being distributed via e-mail, FaceBook and fliers, often targeting young and minority voters.

Posted on Nov 4, 2008 READ MORE



AP photo / Jose Luis Magana

Only Nader Is Right on the Issues

Tomorrow I will go to a polling station in Princeton, N.J., and vote for Ralph Nader. I know the tired arguments against a Nader vote. But there is little disagreement among liberals and progressives about the Nader and Obama campaign issues. Nader would win among us in a landslide if this was based on issues.

Posted on Nov 3, 2008 READ MORE


Obama Is the Superior Decider

The real issues of the American presidential election are the future of the economy and the future of American foreign policy. The one seems already settled. The second seems to unite John McCain and Barack Obama in support of a program doomed to fail.

Posted on Oct 30, 2008 READ MORE


Stevens’ Corruption Was About the Little Things

For a steel sculpture of migrating salmon, amongst other goodies, Ted Stevens—one of the lions of the Senate—was willing to forfeit the kingdom.

Posted on Oct 30, 2008 READ MORE



An ‘Emergency Effort to Stop Barack Obama’

Every election season, some independent groups sizzle with controversy and impact, and others fizzle. We couldn’t tell at first, but the National Republican Trust PAC appears to be of the sizzling variety.

Posted on Oct 28, 2008 READ MORE


McCain Banking on a Confederacy of Dunces

Is John McCain stupid, or does he believe we are? That’s the question as he criticizes Barack Obama for allegedly trying to “redistribute the wealth” with a plan to lower taxes on the middle class and raise them on the super-rich.

Posted on Oct 23, 2008 READ MORE



npr.org / youtube

Citizen Tim Takes On Obama by Himself

The one form of political advertising that’s completely unregulated and free is the speech of an individual citizen, even when money amplifies that speech by putting it on the airwaves. Tim D’Annunzio, who describes himself as a “concerned North Carolina businessman,” is doing just that.

Posted on Oct 23, 2008 READ MORE


McCain’s Socialist Delusion

Wherever John McCain appears on the stump in these waning days of the presidential campaign, he is always accompanied by his imaginary friend “Joe the Plumber,” but it is the specter of Karl Marx that lurks just offstage.

Posted on Oct 22, 2008 READ MORE



AP photo / Seth Perlman

No Child Left Behind Fails Us All

Truthdig asked Demitrious C. Sinor, an inspirational educator, to sound off on the state of our schools. He warns that unless the No Child Left Behind regime ends soon, America’s classrooms could unravel. It’s a reality that neither presidential candidate seems to fully understand, but one he sees every day, from where he sits.

Posted on Oct 21, 2008 READ MORE


Palin

Logic Lessons With Sarah Palin: Gay Marriage Edition

Just to go out on a limb here, doesn’t supporting a constitutional amendment that would ban gay marriage on the federal level represent a very real form of “judgment” about the people and relationships that are granted the official stamp of legitimacy and those that aren’t?

Posted on Oct 20, 2008 READ MORE


End of a Catholic Commandment?

Catholics, who are quintessential swing voters and gave narrow but crucial support to President Bush in 2004, are drifting toward Barack Obama. And this time, some church leaders are suggesting that single-issue voting—such as on abortion—is by no means a Catholic commandment.

Posted on Oct 20, 2008 READ MORE


How to Win Votes and Influence People

Conservatives fear a “period of unchecked left-wing ascendancy” should Barack Obama and the Democrats sweep in November, but the voters care more about competent government than ideology.

Posted on Oct 20, 2008 READ MORE


Stuck in the Primary

John McCain’s debate performance almost certainly did him good among those whose votes he already has: very conservative Republicans who share Joe the Plumber’s view that Obama is some kind of socialist.

Posted on Oct 17, 2008 READ MORE


McCain Sounds Worse Than He Looks

Grouchiness, twitchiness and haughtiness didn’t help John McCain in Wednesday’s debate, but what he said hurt him more than how he said it.

Posted on Oct 17, 2008 READ MORE



AP photo / Madalyn Ruggiero

Joe, the Plumber Who Wasn’t

Things really aren’t going well for John McCain, but then he has only himself to blame. Take Joe the Plumber, whom McCain mentioned more than 20 times in Wednesday’s debate. For the record, Joe’s name is Sam, and he’s not a plumber.

Posted on Oct 16, 2008 READ MORE



AP photo / J. Scott Applewhite

Obama 3, McCain 0

Although the pundits were impressed with John McCain’s debate performance, the polls showed another win for Barack Obama, who once again kept his cool against an angry, negative opponent.

Posted on Oct 16, 2008 READ MORE


Fixing the Economy Has to Start With Jobs

The last thing we need is another “economic stimulus” package. What we need is a jobs package. And we ought to start calling it that.

Posted on Oct 16, 2008 READ MORE



Flickr / Jeff Kubina

Can You Hear Me Now? Telecoms Paid to Give Team McCain More Bars

It’s hard to get cell reception in an out-of-the-way place like Sedona, Ariz., but it helps if you sit on the Senate committee that oversees the telecommunications industry. The Washington Post has learned that AT&T and Verizon, both of which have lobbying ties to the McCain campaign, provided cell towers for the McCains’ ranch at no charge to the couple.

Posted on Oct 15, 2008 READ MORE


The GOP Identity Crisis

Can any Republican candidate claim with a straight face to represent the party of small government? For that matter, can any Republican candidate plausibly explain what the party is supposed to stand for these days?

Posted on Oct 13, 2008 READ MORE


Barack Obama
Flickr / Allison Harger

Obama’s New Deal

Barack Obama unveiled his $60-billion economic rescue plan on Monday and urged Washington not to wait for a new president to take up his proposals. The Obama plan includes tax breaks for companies that hire new workers, a short moratorium on foreclosures and, with an eye on job creation, federal financing for public works and infrastructure projects.

Posted on Oct 13, 2008 READ MORE


Carter 'Woah'
guardian.co.uk / Barry Batchelor

Carter Kicks Bush While Economy Falls Down

Following the Dow’s 600-point drop, former President Jimmy Carter had some pointed words for the Bush administration on Friday, blaming the current economic crisis on the “atrocious” policies of the past eight years and declaring the economic situation to be an “entrenched problem” that will “take years to correct”.

Posted on Oct 10, 2008 READ MORE


Obama and McCain debate
AP photo / Charles Dharapak

Obama Wins in Nashville

As was the case in the first presidential debate, Barack Obama emerged from Tuesday night’s confrontation with John McCain in Nashville, Tenn., in command of the situation. The Democratic nominee looked calm, confident and presidential as he won their second contest.

Posted on Oct 7, 2008 READ MORE


Nowhere for McCain to Go

Tuesday night’s debate, a town-hall discussion dominated by economic questions, made it clear that John McCain’s effort to change the campaign’s focus to the culture wars of the 1960s is not going to work.

Posted on Oct 7, 2008 READ MORE



commons.wikimedia.org

Bailout Gains More Support in the House

The Bloomberg news service counts 10 lawmakers who may be ready to switch their votes when the bailout proposal takes another run at the House of Representatives. The original measure failed by only 23 votes and has since been substantially fattened by the Senate.

Posted on Oct 2, 2008 READ MORE



npr.org

Evangelical Leader Goes All In For McCain

And to think that anyone thought James Dobson would sit out this presidential race. The Christian right leader and his advocacy group, Focus on the Family Action, are planning a multistate strategy to help elect McCain, and to prevent Democratic gains in Congress while they’re at it.

Posted on Oct 2, 2008 READ MORE


Making the Bailout Less Toxic

The initial failure to pass bailout legislation reflected a political system as bereft of confidence as the financial markets.

Posted on Oct 1, 2008 READ MORE



Flickr / Qfamily

Bailout Bill Skates Through Senate

Well, that was easy: While the House had to contend with round-the-clock negotiations and a last-minute revolt, the Senate just threw more money at the problem. That was enough for 74 lawmakers to say yes to the $810-billion package. The House will take another crack at it on Friday.

Posted on Oct 1, 2008 READ MORE



White House / Susan Sterner

Senate Fattens Up Bailout Package

The House couldn’t swallow the $700-billion bailout proposal, so the Senate added about $100 billion of incentives—mostly in the form of tax cuts. The Senate will vote on the proposal tonight and the House could decide as early as Friday whether $700 billion is too much, but $800 billion is just about right.

Posted on Oct 1, 2008 READ MORE


McCain Is Guilty Enough

Americans are reluctant to make John McCain pay for George W. Bush’s sins, but with so many crises on so many fronts, the country can’t afford to cut him any slack.

Posted on Sep 30, 2008 READ MORE


Socialism for Dummies

So this is how the “ownership society” works. We own all the bad stuff.

Posted on Sep 22, 2008 READ MORE



AP photo / Susan Walsh

Fleecing What’s Left of the Treasury

The lobbyists and corporate lawyers, the heads of financial firms and the crooks who control Wall Street, all those who spent the last three decades assuring us that government was part of the problem and should get out of the way, are now busy looting the U.S. treasury.

Posted on Sep 21, 2008 READ MORE



Flickr / jurvetson

Pelosi Balks at Bailout Scheme

Nancy Pelosi isn’t buying into the idea of a $700 billion gift basket for Wall Street without any strings attached. The House speaker is all for a bailout, so long as it’s clear that “the party is over for the Bush administration’s anything goes, failed economic policies.” Update 2

Posted on Sep 21, 2008 READ MORE


Fiddling While Wall Street Burns

Obama shows more promise than McCain, if only because he correctly sees deregulatory zeal as a culprit. But Obama’s economic strategy simply can’t be implemented now: He wants to spend on necessary investments such as health care, but would have no money to do it.

Posted on Sep 17, 2008 READ MORE


Crisis ad

McCain Campaign Ads: Impending Economic Cataclysm Edition

John McCain’s campaign would like to nominate—who else?— John McCain and Sarah Palin as just the ticket to get Americans out of financial crisis, claiming they’ll fight “special interest giveaways” on Wall Street(?!), cut taxes and, of course, drill, baby, drill!

Posted on Sep 15, 2008 READ MORE


A Campaign Without Ideas

There was a time when Republicans campaigned on their ideas, programs and values. This year—lacking ideas, programs or values—John McCain and Sarah Palin are running for the White House on an elaborate fictional narrative of victimhood.

Posted on Sep 11, 2008 READ MORE


ENTER_ALT_TEXT

Obama on Death and Taxes

Keith Olbermann began the second part of his interview with Barack Obama with a tale of two conservatives: “One guy who makes about $40,000 a year said, ‘Ask him why he’s going to raise my taxes.’  Another guy makes about a million dollars a year, said, ‘Ask him why he’s going to raise my taxes.’ ”

Posted on Sep 10, 2008 READ MORE


Memoir Politics

Talk about role reversal. The Republican Party, which scoffs at the nonsense of “identity politics,” has staked everything on the compelling life stories of its presidential and vice presidential candidates.

Posted on Sep 4, 2008 READ MORE


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