Almost everyone pays some taxes. Meanwhile, the federal code has become less progressive and is raising too little revenue. At least from where I sit, those are the relevant facts of the case.
The "fiscal cliff" is a terrible metaphor -- it implies an all-or-nothing choice between continuing all current budget policies and running smack into the legislated trajectory for fiscal policy.
To win over the radical right, Romney has changed his position so many times on so many different issues that he may have lost his core beliefs... and that is a frightening statement to ponder.
Has supply-side economics worked? The conjecture says it could; the data says it hasn't.
I wish the Republicans had devoted more energy in trying to humanize their ideas and policies rather than their candidates, especially those who can flip at the drop of a hat.
We are killing this country. CEOs, entrepreneurs, bankers, lawyers, doctors and politicians at the top are all benefiting from the lower cost of labor for their employees and the lower cost of goods imported from low-wage countries. But our workers, our dear workers are getting crushed.
Tokenism is not restricted to the GOP; the Democratic party has also been guilty of tokenism as well, according to the 2012 study "The Diversity Paradox: Parties, Legislatures and the Organizational Foundations of Representation in America."
"Why can't we do this? Why can't we evade taxes on income simply because we invest it?" she asked. "We can't because we are individuals," I responded. "So are the partners at Bain Capital," she protested. "You don't understand economics," I explained.
A deficit he alleges is stifling our economic growth and was caused by the Obama administration, when, in fact, he and his right-wing colleagues exploded the deficit.
Rather than a distraction, Romney's 13 percent provides a clear view into the character of the man and the issues at the heart of the election -- the future of America's economy and social well being.
Whether you're PRObama, NObama, or still undecided, 52 Reasons to Vote for Obama gives you all the information you need to share with friends, debate ...
If $500 billion in tax hikes and spending cuts scheduled to hit in January are not averted, then the country will suffer a substantial recession, with unemployment rising above 9% and a 2.9% contraction in gross domestic product in the first half of 2013.
For decades we've heard about CEOs who garner more in a day than their average employee earns in a year. The sad fact is our current tax code encourages these runaway pay packages -- and even subsidizes the excess.
Right before the U.S. House of Representatives left for the summer to go home to campaign for your vote, they voted to extend the Bush-era tax cuts for the richest Americans millionaires and billionaires.
Without a doubt, there's a huge chasm between the current exemptions/rates and the proposals. Does a senior optimistically plan for the $5 million exemption or look to a much pricier reality with the exemption at merely $1 million?
For the U.S. economy, serious risks could come at the end of this year from two potential self-inflicted wounds: the so-called "fiscal cliff" and the debt ceiling.