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 »
Posts Tagged: Tax cuts
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 »
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 »
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.
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 »
The lame duck session of Congress reconvened today. The big issue confronting this congress is whether to extend the Bush tax cuts or to let them expire. This post was originally posted on RedLightJournalist.com.
Anti-tax crusaders like Grover Norquist love to use small business owners as their prop to argue for slashing taxes on the wealthiest of Americas. It’s as if he doesn’t realize that when he says that the vast majority of Americans work for small businesses, he’s correct, but that also means that the vast majority of… Read more »
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 »
Here’s Harry Reid telling Republicans to quit whining about Democrats threatening to use reconciliation to pass health care reform and bypassing the GOP filibuster. Transcript and video.