People of faith and of conscience must add their voices to tell Congress to act reasonably and responsibly. Rejecting the House leaders' efforts later this summer to extend the unfair tax breaks for the top 2 percent would be a good start.
Here we go again. For a president who has been dubbed "no drama Obama," it looks like the American public might be in for some "rope a dope" this sum...
There is an alternative to the Republicans' austerity agenda that will do much to save our safety net: a return to Clinton-era policies that created so much wealth in the 1990s.
I'm becoming more and more convinced that the left's collective crying out for strong, effective leadership is going to have to come from the leaderfu...
Today marks 11 years since the Bush tax breaks for the rich were enacted, which have yielded the most unequal distribution of wealth in American history, more unequal even than that of 1929, just before the Great Depression.
Here's an important lesson for anyone watching state or federal tax policy debates: just because elected officials say they're doing something for "small businesses" and "job growth" doesn't mean that they really are.
Any move to extend special breaks for income over a quarter of a million dollars a year is another giveaway for the richest Americans, and small business owners will pay the price as the middle class -- the bedrock of our customer base -- continues to disappear.
If policy makers fail to distinguish between fiscal cliff and slope effects, they might be drawn into extensions of the expiring policies that do more long-term harm than we'd get from a short trip down the slope. And the most notable such expiration is the high-end Bush tax cuts.
We know G.W. Bush's tax cuts enacted in 2001 and 2003 to revive an economy flattened by the dot-com bubble bust have cost plenty. And we know what happened to all that money. Not much.
Instead of caving to Republican rhetoric, we would have expected Leader Pelosi to counter it. The message is a simple one, and it's been used by centrist Democrats from Clinton to Obama: From whom much is given, much is expected.
A combination of spending cuts and tax increases could bring the economy to its knees at the end of 2012.
Nancy Pelosi just moved the $250K tax threshold up to $1 million. That is, she wrote: "Democrats believe that tax cuts for those earning over a million dollars a year should expire..." That is a very big, very bad deal.
Strengthening the civic education of the next generation of Americans through exercises in which students have to agree on controversial issues might help. But that will take time. And we can't afford to wait.
A budget is much more than numbers and a bottom line; a budget should reflect national priorities. Unfortunately, the Ryan budget prioritizes sharply reducing spending and cutting taxes on the wealthy -- at the expense of good economic stewardship.
Just ten years ago this country was running huge surpluses and paying off its debt. But then we elected Obama and all hell broke loose. Oh, wait...