Tax Cuts

Rich Don't Work for Romney

Kurt A. Gardinier | Posted 05.30.2012

Read More: Mitt Romney, The 1%, Income Inequality, Barack Obama, The 99%, Tax Cuts, 2012 Election, Mitt Romney 2012, Elections 2012, Politics News
Kurt A. Gardinier

When you're running for president of a party considered to be unsympathetic to poor people in a time of a recession, and you're the richest man to ever run for the office, fairness is a pretty big deal -- especially when you're calling for tax cuts for the rich.

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LISTEN: Rush Limbaugh Accuses Bill Clinton Of 'Undercutting Obama'

Posted 05.17.2012

Read More: Taxes, Video, Obama Tax Reform, Bill Clinton Taxes, Rush Limbaugh, Bill Clinton Economy, Economy, Tax Cuts, Obama Tax Cuts, Tax Reform, Rush Limbaugh Bill Clinton, Rush Limbaugh Barack Obama, Media News

Rush Limbaugh accused Bill Clinton of "undercutting" President Obama for comments he recently made about taxing the wealthy to fix the economy. Cl...

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Boehner Sounds Debt Limit Warning

The Huffington Post | Luke Johnson | Posted 05.15.2012

Read More: Geithner, Boehner Debt, Video, Debt Ceiling, Boehner, John Boehner, Debt Limit, Tax Cuts, Pete Peterson, Timothy Geithner, Bush Tax Cuts, Politics News

House Speaker John Boehner (R-Ohio) sees the debt ceiling as an "action-forcing event" where he will insist on cuts greater than the increase, setting...

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Deficit Reduction: The Great Distraction

Dean Baker | Posted 05.14.2012

Read More: Deficit, Deficit Commission, Social Security, Erskine Bowles, Peter Peterson, Budget, Simpson-Bowles, Tax Cuts, Deficit Reduction, Business News
Dean Baker

When we hear Erskine Bowles and his friends rant about the deficit this week, we should remember that once again they are distracting the public from the country's real problems. And this crew is at the center of those problems; it is not the solution.

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This Time It's Different -- Old Remedies Won't Fix Our Flat-World Economy

Jane White | Posted 05.06.2012

Read More: Outsourcing, Tax Cuts, Mitt Romney, Ben Bernanke, China, Recession, Barack Obama, Unemployment, Overseas-Jobs, Politics News
Jane White

President Obama wants to remove tax incentives for companies who takes jobs abroad and reward those who bring them back home. But will a different tax tactic do the trick?

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Biden On What Wealthy Americans Need Like 'Another Hole In Their Head'

AP | By MARK S. SMITH | Posted 05.06.2012

Read More: Obama Biden 2012, Video, Obama Employment, Mitt Romney 2012, Employment, Deregulation, Mitt Romney, Tax Cuts, Elections 2012, Joe Biden, Obama 2012, Politics News

WASHINGTON -- Vice President Joe Biden says the latest job numbers show an economy still struggling to recover, but not one where hiring suddenly has ...

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Tax for Thought: Paying Less Is Not More

Sanjay Sanghoee | Posted 04.26.2012

Read More: Tax Plan, Obama Tax, Tax Cuts, Tax Congress, Congress Tax, Higher Taxes, Republicans Tax Cuts, Tax Myths, Business News
Sanjay Sanghoee

Given that the hot-button issue of taxes could sway the presidential elections and impact our future, it is critical to examine it more closely and dispel the absurd myths surrounding it.

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Michael McAuliff

Obama's Lower Taxes Slow The Economy, CBO Says

HuffingtonPost.com | Michael McAuliff | Posted 04.20.2012

Read More: Taxes, Cbo, Ryan Budget, Tax Cuts, Obama Budget, Obama Tax Cuts, Congressional Budget Office, Bush Tax Cuts, Paul Ryan Budget, Video, Politics News

WASHINGTON -- Republicans have pounced on a Congressional Budget Office report Friday that says President Barack Obama's budget would add to deficits ...

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The GOP's Na-na-na-na-na Political Strategy

Jonathan Weiler | Posted 04.18.2012

Read More: Tax Cuts, Gop, War on Women, Medicare, Psychological Projection, Democrats, President Obama, Politics News
Jonathan Weiler

Projection has become the Republican Party's signature mode of attack. On a host of issues, the GOP's response to Democrats has been to say, in the words of Talking Points Memo's Benjy Sarlin, "I know you are, but what am I?"

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Fiscal Affairs: Mitt Romney Still Can't Do Arithmetic*

James Kwak | Posted 04.17.2012

Read More: Mitt Romney, Romney 2012, Romney, Mitt Romney 2012, Taxes, Fiscal Affairs, Budget Cuts, Tax, Budget, Tax Cuts, Business News
James Kwak

Republican tax cut plans fall into two categories: the ones that don't bother pretending that they're going to be revenue neutral and the ones that do. But the latter can never make the numbers add up because you can't have massive rate cuts and be revenue neutral unless you're willing to eliminate popular tax expenditures for the middle class, the preference for investment income, or both. This applies to Mitt Romney's plan. And this is the guy who's supposed to be the hard-headed businessman?

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Why a Fair Economy Is Not Incompatible With Growth But Essential to It

Robert Reich | Posted 04.16.2012

Read More: Obama Buffet Tax, Bush Tax Cuts, Middle Class, Tax Cuts, Republicans Tax, Barack Obama Taxes, Economic Growth, Obama Tax Cuts, Buffett Rule, Business News
Robert Reich

What we should have learned over the last half century is that growth doesn't trickle down from the top. It percolates upward from working people who are adequately educated, healthy, sufficiently rewarded, and who feel they have a fair chance to make it in America.

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Dueling Tax Proposals Affecting Small Businesses, Millionaires May Be Doomed

Posted 04.17.2012

Read More: Taxes, Small Business, Congress, George W. Bush, Tax Cuts, Mitt Romney, Small Business News and Trends, Obama, Small Business Taxes, Obama Tax Proposals Tax Breaks, Buffett Rule, Small Business News

By ALAN FRAM, THE ASSOCIATED PRESS WASHINGTON -- The day before Americans' taxes were due, Senate Republicans defied President Barack Obama on Mond...

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The Republican Path to National Failure

Hoyt Hilsman | Posted 04.12.2012

Read More: Super Pac, Social Security, Global Economy, Wealthy, Middle Class, Presidential Election, Romney, Mitt Romney, Immigration, Obama, Rich, Citizens United, Tax Reform, Democrats, Santorum, Barack Obama, Gingrich, Education, Tax Cuts, Financial Crisis, Poor, Medicare, Republicans, Health Care, Income Inequality, Inequality, Campaign Contributions, Wealth Inequality, Politics News
Hoyt Hilsman

From immigration to health care and education reform, the Republicans are arguing for restricting access not only to the poor, but chiefly to the middle class. At the same time, they are arguing for a greater concentration of wealth among the elites.

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How Did Mitt Make So Much Money and Pay So Little in Taxes?

Robert Reich | Posted 04.12.2012

Read More: Taxes, Hedge Funds, Tax, Hedge Fund Managers, Mitt Romney 2012, Mitt Romney, Tax Cuts, Private Equity, Beyond Outrage, Video, Politics News
Robert Reich

2012-04-12-Screenshot20120412at8.18.38AM.jpgThe magic of private equity reveals a lot about how and why our economic system has become so distorted and lopsided -- and why all the gains are going to the very top.

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Right-Wing Republicans Gorge Themselves at the Public Trough, While Telling the Rest of Us to Suck It Up

Pearl Korn | Posted 04.10.2012

Read More: Congress, Citizens United, Democrats, Barack Obama, Occupy Movement, Paul Ryan Budget, Bush Tax Cuts, Tim Johnson, 2012 Election, Scott Walker, Occupy Wall Street, Sarah Palin, Tax Cuts, Republican Presidential Primary, Gop, Affordable Care Act, Grover Norquist, Medicaid, Kirsten Gillibrand, Paul Ryan, STOCK Act, Republicans, Ryan Budget, Elections 2012, GOP Budget, 112th Congress, Politics News
Pearl Korn

We must become a much more politically engaged and informed population and take responsibility for ensuring that those we elect to represent us in Congress are held accountable, but also support them when they do the right thing.

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Gridlock, Almost As Good As Greed

The Huffington Post | Mark Gongloff | Posted 04.09.2012

Read More: Politics, Goldman Sachs, Economics, Federal Budget Deficit, Wall Street, President Obama, Tax Cuts, House Republicans, Bush Tax Cuts, Federal Budget, Business News

Gridlock is good. Maybe not as good as greed. But political gridlock in Washington is another, less-famous Wall Street favorite. And famous Wall S...

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The Difference Between April and November Fools

Bennet Kelley | Posted 06.02.2012

Read More: Pope Benedict, Politics, April Fools Day, Cuba Embargo, Joe Romm, Climate Change, Economy, Tax Cuts, Environment, Paul Douglas, George Schultz, Gregory Mankiw, David Stockton, Politics News
Bennet Kelley

April Fools' Day is a day for light-hearted hijinks without real consequences. Embracing foolishness as public policy is a far different notion altogether. The Cuba embargo is one of several fixtures in American politics that requires a suspension of disbelief.

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Janell Ross

St. Petersburg Scraps Plan To Build Police Headquarters, 'Peculiar Smelling' CSI Lab Lives On

HuffingtonPost.com | Janell Ross | Posted 03.31.2012

Read More: Dna, Police Headquarters, Crime Lab, Property Tax, Budget Cuts, Tax Cuts, Florida, Sales Tax, Police Department, Business News

In St. Petersburg, Fla., just a few hours northwest of the Miami crime lab TV made famous, the city's forensic team toils in a lab that is anything bu...

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The President's Budget, the National Debt, and Ramen Noodles: The Debt-Paying Generation Speaks

Bill Beach | Posted 05.27.2012

Read More: Social Security, Affordable Care Act, President Obama, Ron Paul Campaign, Obama Administration, Congressional Budget Office, Ron Paul for President, Ron Paul 2012, National Debt, Obamacare, Barack Obama, Campaign 2012, Budget Deficiency, Occupy Wall Street, Tax Cuts, Youth Vote 2012, Election 2012, Aca, Politics News
Bill Beach

We aimed for a wide spectrum of opinions by people in and out of politics, on the left, on the right, cynics and optimists. What we found was a sampling of young adults who are concerned about the debt... and for a whole host of reasons.

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How Do The Rich Change When You Raise Their Taxes?

The Huffington Post | Alexander Eichler | Posted 03.27.2012

Read More: Taxes, 1 Percent, U.S. Economy, Video, Tax Rates, Federal Budget Deficit, Tax Cuts, Warren Buffett, Tax the Wealthy, Tax the Rich, Tax Breaks, Slidepollajax, Tax Code, Buffett Rule, Business News

The rich are responsible for creating most of America's jobs. Raise their taxes and many of those jobs will disappear -- so say the rich, anyway. ...

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Payroll Tax Cut Extension: Just Another Quick Fix

Christopher Bergin | Posted 05.26.2012

Read More: Taxes, Tax Code, Barack Obama, Congress Tax Cuts, President Barack Obama, Payroll Tax Cut, Bush Tax Cuts, Tax Cuts, Short Term Tax Cuts, Obama Tax Cuts, Politics News
Christopher Bergin

Politicians are counting on the fact that the American public wants instant gratification and is more concerned about today than the potential long-term solvency of Social Security or the bill we are leaving our children and grandchildren to pay.

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Tax Breaks Now Roughly Same Size As Federal Budget Deficit

The Huffington Post | Alexander Eichler | Posted 03.26.2012

Read More: Capital Gains Tax, Taxes, Video, Social Security, Capital Gains Taxes, Mitt Romney, Tax Cuts, Medicare, Capital Gains, Tax Breaks, Tax Code, Business News

Take all the tax breaks in the U.S. tax code and put them together. You'll find that they add up -- and up and up. That's the conclusion of a re...

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The Republican Vision of America Is One in Which 99 Percent of Us Are Condemned to Be Feudal Serfs

Thom Hartmann | Posted 05.20.2012

Read More: Medicare, Paul Ryan, Paul Ryan Plan, Tax Cuts, Ryan Budget, Paul Ryan Budget, Politics News
Thom Hartmann

In a nod to the Republican Party's super-rich members like himself, Ryan proposes enormous tax breaks for the 1 percent.

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What Republicans Argue When They Have Nothing Left to Say

Robert Reich | Posted 05.20.2012

Read More: Tax Cuts, Taxes, Tax Reform, Republicans, Politics News
Robert Reich

What are Republicans doing now that they're out of options? What they always do when they have nothing else to say. Call for a tax cut, of course. It doesn't matter that their new "tax reform" plan has as much chance of being enacted as Herman Cain has of being elected president.

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Some Governors Are Getting It Right on Taxes

Jared Bernstein | Posted 05.16.2012

Read More: Tax Cuts, Taxes, Tax, Politics News
Jared Bernstein

Oftentimes in public policy, particularly when national politics is frozen, you have to look to governors and states to see what's coming.

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