Putting aside the debates between the effectiveness supply-side economics and whether an increase in sales tax would disproportionately negatively impact the poor, state sales tax only plans cannot make up for the lost revenue under current laws. The reason?
The 2012 election signaled that the United States is again in a "great period of change." The following five issues call out for "new attitudes and outlooks," and I urge President Obama to rise to the challenges of leadership with responses based on justice and compassion.
Today in Washington, Oxfam is launching an ad campaign to remind members of Congress that "job creators" and "venture capitalists" don't always wear fancy suits or have well-heeled lobbyists.
Let's stop pretending this is a debate about "fiscal responsibility" or "facing reality": It's about keeping taxes as low as possible for the wealthy and corporations while shifting as much pain as possible onto lower-and middle-income Americans.
While the politics of cutting Social Security are bad, it also doesn't make much sense as policy. From a policy standpoint it would make far more sense to tax Wall Street speculation.
The bill that Wilson wants to pass is a hugely expensive, big government takeover of a productive private market that promises to do immense environmental damage by providing massive new subsidies to private developers.
This is far more problematic than markets realize. The president had a choice. The debt ceiling thing expresses 'the will of Congress' where Congres...
Politicians in Washington may be patting themselves on the back for preventing a fall off what they called the nation's "fiscal cliff" but, really, what they have done is just put off the hard decisions until another day.
Third Way's rationale for austerity is a marvel of duplicity or ineptitude so great that duplicity would do less damage to their reputation.
This list has the names of people who are much more acceptable to Wall Street, who, by the way, have been wrong on almost everything important about the economy in the last decade. As a result, we should be very, very afraid.
While Newt Gingrich represents much that has been wrong with the Republican party for the last 20 years -- and is as responsible as anyone for the extreme partisanship in Washington today -- he has clearly learned some lessons from the past.
It should be obvious from these two extremes that what we really need is a system that is fluid while being disciplined, expansive without being prodigal, and one that employs a carrot along with the stick to move the U.S. back towards economic sanity. The trillion dollar question is: Does such a system exist?
After all, what would happen in my house if we tried deficit spending? Never mind that practically every household in America uses deficit spending in the form of credit cards; deficits seem wrong and bad.
Let's look ahead to the next 60 days and their potentially monumental ramifications for our country, our economy and our people.
One definition of leadership is "organizing a group of people to achieve a common goal." Mike Woodson, head coach of the New York Knicks, is a leader...