Posts Tagged: Tax cuts

Tax Cut Bill Contains $55 Billion in Industry Subsidies and Giveaways

The Washington Post’s Dan Eggen has a story today about the $858 billion tax-cut compromise hashed out between President Obama and his Republican colleagues last week. It’s wending its way through Congress right now. Eggen reports that buried inside the legislation is more than $55 billion worth of “giveaways and tax reductions from some of… Read more »

President Barack ‘Argumentum Ad Populum’ Obama

According to recent polls, most Americans support tax cuts, and according to Obama, they support his recent compromise with Republicans to extend all of President Bush’s tax cuts for the middle class and millionaires alike. I don’t know if all of that is true. I can’t tell from the polls if Americans just like the… Read more »

House Will Pass Reworked Tax Cut Deal

Reuters reports today that a Democratic aide said House Democrats will likely pass President Obama’s tax cut deal he made with Republicans some time next week. The aide told Reuters that some tweaking to the estate tax provisions are in the works, but it appears that the rest of the Senate bill will be passed… Read more »

Deconstructing The Bush Tax Cut Debate

The debate over extending the Bush tax cuts is being misrepresented. Republicans claim that extending the tax cuts on the wealthy will have a stimulative impact on the economy, but the fact remains that this isn’t apparently true.

Bush Tax Cuts Did Not Spur Growth – Not At All

If you listen politicians, pundits and talking heads, you’d think the greatest thing we can do to jump-start the economy is to cut taxes. But if you actually take a minute and look at the data, you’ll see that is simply not the case. New York Times Economix Blogger David Leonhardt broke down the growth… Read more »

Mainstream Media Falls in Love With Paul Ryan

The liberal mainstream media has fallen in love again. This time it’s with Wisconsin’s Republican Representative Paul Ryan and his “Roadmap for America’s Future” version 2.0. Everything’s version 2.0 these days, but in Ryan’s case, his roadmap to “solve America’s long-term economic and fiscal crisis” is really more of a 1.1 version. You see Newt… Read more »