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Tax Cuts for the Wealthy

Sunday Roundup

Arianna Huffington | Posted 05.25.2011 | Home
Arianna Huffington

On Friday, President Obama spent four hours in Afghanistan, assuring the troops that they're winning the war against the Taliban. Unfortunately, that wasn't his only disconnect from reality. In a week in which the latest unemployment numbers proved that hopes of a recovery are wishful thinking, in which Congress refused to extend emergency unemployment benefits for 2 million of the long-term unemployed, and in which nearly 27 million Americans are out of work or underemployed, the conversation in Washington is all about the deficit and extending tax cuts for the nation's wealthiest two percent. And the White House promoted and enabled this disconnect when, months ago, it set up a Deficit Commission instead of a Jobs Commission. Welcome to the fierce lack of urgency of maybe some day but not now.

Durbin Defaults

Curtis Black | Posted 05.25.2011 | Chicago
Curtis Black

If a politician's promises can be seen as a contract with the voters who support him, Durbin has defaulted with his position on the Simpson-Bowles deficit reduction plan.

Make Them Filibuster

Robert S. McElvaine | Posted 05.25.2011 | Politics
Robert S. McElvaine

I want to scream. What in the hell is wrong with the Democrats? The House has done as it should and passed the extension of the tax cut for the midd...

First Things First, Says McConnell

Rick Horowitz | Posted 05.25.2011 | Politics
Rick Horowitz

Here in Priorityville, we know what matters, and Mayor McConnell has his priorities straight: Tax cuts.

What Do Snooki, Hugh Hefner and the Bush Tax Cuts Have in Common?

Robert Greenwald | Posted 05.25.2011 | Politics
Robert Greenwald

Extending tax cuts to the richest 2% of Americans would cost our country $700 billion in new debt. At a time when nearly 15 million Americans are out of work, Congress' priority needs to be the 98% of Americans who need the most support.

End Dynasty Welfare. Start the "Dynasty Tax"

Rob Kall | Posted 05.25.2011 | Politics
Rob Kall

cross-posted from It is time for the congress to stop giving dynasty welfare to the richest Americans. Conservatives love their word ...

Amanda Terkel

Chamber Of Commerce's Lobbying To Extend Bush Tax Cuts Would Reap Millions For Wealthy Backers | Amanda Terkel | Posted 05.25.2011 | Business

WASHINGTON -- The labor-backed advocacy group U.S. Chamber Watch is taking aim at the U.S. Chamber of Commerce in a new report, arguing that the indus...

What Kind of Compromise?

Samuel H. Williamson | Posted 05.25.2011 | Business
Samuel H. Williamson

We need a credit that rewards employers who increase their employment regardless where the new workers come from, and that is easy to administer. And what is most needed is a credit that helps reduce the cost of low wageworkers.

The Selfish Rich of the 21st Century

Jim Worth | Posted 05.25.2011 | Politics
Jim Worth

The rich have paid nothing for the destruction their advocacy has caused. Most sit idly by, letting the Republicans fight their unpatriotic battles. But there is hope.

Obama: Letting Middle Class Tax Cuts Lapse Would Hurt Growth

Posted 05.25.2011 | Business

KOKOMO, Indiana: President Barack Obama said on Tuesday the United States must extend tax cuts for the middle class but could not afford to do so for ...

Amanda Terkel

Americans United For Change Ad Mocks Republicans For Doing Wall Street's Bidding | Amanda Terkel | Posted 05.25.2011 | Politics

WASHINGTON -- Republicans and Tea Party activists were "chumps" doing the bidding of Wall Street CEOs in the midterm elections, according to a new ad ...

Laura Bassett

Alan Grayson: Five Things The Rich Can Do With Their Tax Cuts (VIDEO) | Laura Bassett | Posted 05.25.2011 | Politics

WASHINGTON -- Alan Grayson (D-Florida) wants everyone to know that he is not in favor of extending the Bush cuts for the wealthy, which would average ...

Demand Obama Grow a Pair and Not Cave in to Republicans on Tax Cuts for Rich

Miles Mogulescu | Posted 05.25.2011 | Politics
Miles Mogulescu

The Bush tax cuts added trillions of dollars to the deficit, which inside-the-beltway pundits now want to pay for by cutting the social safety net on middle class and poor Americans.

A Short and Clear Guide to What a Midterm Vote Really Means

Mitchell Bard | Posted 05.25.2011 | Politics
Mitchell Bard

When you pull a lever on Tuesday, you may think you are voting for one candidate or another, but, in the big picture, the vote won't be for a person. Instead, you will be voting based on these opposing principles.

A Pledge to 1% of America

Terrance Heath | Posted 10.08.2010 | Politics
Terrance Heath

The "Pledge to America" is, in truth, a pledge to continue the same policies that brought us the current economic crisis.

Five Reasons to Let the Bush Tax Cuts for the Rich Expire

Chuck Collins | Posted 05.25.2011 | Politics
Chuck Collins

President Obama supports extending tax cuts for households with incomes under $250,000, but ending the tax breaks for higher income households. Here are five good reasons for Congress to do just that.

The Politics and Economics of Tax Cuts: Make Each Bracket a Separate Bill, and a Separate Vote

Paul Abrams | Posted 05.25.2011 | Politics
Paul Abrams

It is very important for the Democrats to cut taxes for 98% and allow taxes to rise (4.6%) for the top 2%. To do that, they should write a separate tax bill for each bracket.

The Tax Controversy is Built on a False Choice

Ernest Istook | Posted 05.25.2011 | Politics
Ernest Istook

A full economic recovery requires a full, across-the-board extension of the lower taxes that boosted our economy before and now can boost it again.

Deficit Hypocrites Need Not Fear the Media

Allison Kilkenny | Posted 05.25.2011 | Politics
Allison Kilkenny

The establishment media has, thus far, allowed the deficit hypocrites to screech about fiscal responsibility one moment, and then frantically work behind closed doors in the next to ensure the deficit continues to inflate.

What Does a Vote for a GOP Candidate in November Really Mean?

Mitchell Bard | Posted 05.25.2011 | Politics
Mitchell Bard

A vote for the GOP in November will be a vote for the richest one percent of the country at the expense of the rest of us. And it will be a vote for the kind of fear that we, as a country, would eventually come to regret.

George Voinovich and the Republican Stampede

Robert J. Elisberg | Posted 05.25.2011 | Politics
Robert J. Elisberg

Republicans may give lip service to being the Party of Business, but when it comes time to actually show it, those lips are blowing raspberries.

The Precarious Genius of the Middle Class

Kathleen Reardon | Posted 05.25.2011 | Politics
Kathleen Reardon

What will America become if we have to rely solely on the wealthy to provide medical, scientific, engineering, manufacturing, art and social inventions?

When Wall Street Rules, We Get Wall Street Rules

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

If the financial crisis was preventable, why didn't our leaders try to stop it? Why don't they take the steps necessary now to get the economy moving again? The answer to both these questions is simple; the politicians work for someone else.

Krugman's Takedown of Ryan Demonstrates How Conservatives Are at War With the Middle Class

Mitchell Bard | Posted 05.25.2011 | Politics
Mitchell Bard

Beginning with the Reagan administration, and reaching its fullest realization under George W. Bush, conservatives have systematically been acting to redistribute wealth from the middle class upward.

The GOP Hates America; And the Democrats Won't Call Them on It

Jonathan Weiler | Posted 05.25.2011 | Politics
Jonathan Weiler

Like Jon Stewart, I had an "I give up" moment last week watching the extraordinary spectacle of House Republicans denying health benefits to 9/11 responders.