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Tax Cuts

Rand Paul to Detroit: You're Being Punished Because You Don't Worship the Rich

Jason Sattler | Posted 02.09.2014 | Politics
Jason Sattler

Rand is the guy who accused the president of being too tough on BP during the largest oil spill in American history. His feelings about corporations resemble how pre-Reformation Catholics felt about the Pope -- absolute infallibility.

Is Economics a Religion?

Steven Strauss | Posted 02.07.2014 | Politics
Steven Strauss

In theory, economists are rewarded for seeking the truth. In reality, many are rewarded for outlandish soundbites for "talking head" shows and supporting whichever special interest group pays them.

Hooray for Taxes

Richard (RJ) Eskow | Posted 01.23.2014 | Politics
Richard (RJ) Eskow

Washington's obsession with tax cuts and deficit reduction is distracting the American people from the slow dismantling of the social contract, and its devastating impact -- financial and otherwise -- on all but the wealthiest among us.

Washington's Historic Opportunity to Help Low Income Americans

Sanjay Sanghoee | Posted 12.31.2013 | Business
Sanjay Sanghoee

Following an extended government shutdown and the ugly showdown over the federal debt ceiling, both parties need to find bipartisan solutions to critical problems in order to rehabilitate their credibility with the American public.

On Jobs Rick Snyder Is 'One Lucky Nerd'

Dale Hansen | Posted 12.28.2013 | Detroit
Dale Hansen

If we are to believe Rick Snyder is responsible for this job creation, he should be able to identify specific legislative actions that brought this improvement; otherwise the governor is just taking credit for the work of his predecessor.

Why the American Economy Is a House of Cards

Sanjay Sanghoee | Posted 11.19.2013 | Business
Sanjay Sanghoee

The American economy today is a house of cards, wherein each added layer of cards at the top increases the pressure on the lower tiers and threatens the stability of the entire structure.

Planning for a Disaster Now Can Help You if One Strikes

Mark Steber | Posted 10.28.2013 | Business
Mark Steber

Before you think "that will never happen to me" or "I will deal with it once it happens," remember, a few minutes of advance planning is better than the angst of post-disaster documentation searching and replacement.

GOP-Backed Battle Turns Intense Over Dem's Veto

AP | DAVID A. LIEB | Posted 10.27.2013 | Politics

JEFFERSON CITY, Mo. — Millions of dollars spent broadcasting ads. Alarming fliers and phone calls targeting homes. Politicians barnstorming from...

The 7 Biggest Economic Lies

Robert Reich | Posted 10.14.2013 | Business
Robert Reich

2013-08-14-reichpull.jpg

Threatening to 'Reform' the Earned Income Tax Credit

Jared Bernstein | Posted 10.07.2013 | Politics
Jared Bernstein

The more I hang around the DC tax debate, the more I'm exposed to deeply misguided thinking that seems largely motivated by the conviction that poor people -- in this case, the working poor -- have too much money and the wealthy have too little.

The Three Biggest Lies About Why Corporate Taxes Should Be Lowered

Robert Reich | Posted 10.05.2013 | Business
Robert Reich

Instead of spending August on the beach, corporate lobbyists are readying arguments for when Congress returns in September about why corporate taxes should be lowered. But they're lies. You need to know why so you can spread the truth.

Despite higher income tax, state finances continue downward spiral in Illinois!

Reboot Illinois | Posted 09.30.2013 | Chicago
Reboot Illinois

A bill filed by Rep. Lou Lang (D-Skokie) is intensifying speculation that the 2011 personal and corporate income tax hikes could become permanent. T...

The GOP Is Now Against Tax Breaks -- If They Help the Middle Class Buy Health Care

Jason Sattler | Posted 09.30.2013 | Politics
Jason Sattler

What if I told you about a $1.3 trillion disaster passed mostly under a contortion of the Senate rules known as "reconciliation" and signed into law by a new, untested president whose legitimacy was questioned by millions?

U.S. Fiscal Policy: A Tough Balancing Act

Deniz Igan | Posted 09.29.2013 | Business
Deniz Igan

The federal government budget deficit has fallen sharply in recent years. But if the choice and timing of policy measures is not right, the deficit reduction may turn out to be too much in the short run -- stunting the economic recovery -- and not enough in the long run.

North Carolina Republicans Continue Their Ruthless Assault on Common Decency

Jonathan Weiler | Posted 09.22.2013 | Politics
Jonathan Weiler

The GOP-dominated North Carolina state legislature is closing in on the end of what is turning out to be one of the most extraordinary sessions in recent American history.

Will President Obama Please Stand Up to the Business Sector?

Sanjay Sanghoee | Posted 09.02.2013 | Business
Sanjay Sanghoee

I am deeply disappointed in the latest move to exempt businesses from paying a fine if they do not provide health care coverage for their employees till 2015. It is an unnecessary gesture towards a constituency that would not be satisfied even if he reduced their obligations to zero.

The Blank Slate Tax Reform Trap

Jared Bernstein | Posted 09.01.2013 | Politics
Jared Bernstein

I've not paid much attention to the latest disturbance in the tax reform force: the zero-based plan by Senators Baucus and Hatch to wipe out all tax expenditures and insist that advocates argue the merits of each one if they want them put back in the tax code.

Communism vs. Democracy

Sen. Fritz Hollings | Posted 08.31.2013 | Politics
Sen. Fritz Hollings

Globalization is nothing more than a trade war with production looking for a country cheaper to produce. Rather than the U.S. setting the example of free trade, China leads the way with controlled trade. The U.S. government must compete to survive.

The Economists

Sen. Fritz Hollings | Posted 08.29.2013 | Politics
Sen. Fritz Hollings

In 2006, the Princeton economist Alan Blinder estimated that in 10 years the U.S. would offshore 30-40 million jobs. Today, Corporate America continues to enfeeble the U.S. economy as it builds China's -- offshoring our innovation, research, technology, production and jobs.

John Celock

GOP Infighting Stales Republican Gov.'s Tax Hike Proposal

HuffingtonPost.com | John Celock | Posted 05.31.2013 | Politics

Republican Party infighting over the size of the state sales tax has led to gridlock in the Kansas Legislature as lawmakers continue in overtime. ...

Guess Who Benefits From Most Major Tax Breaks

AP | ANDREW TAYLOR | Posted 07.29.2013 | Politics

WASHINGTON -- Wealthier households benefit significantly more than lower earners from big tax breaks such as deductions for mortgage interest and char...

Unite the Classes, March on the Lobbyists

C. Robert Gibson | Posted 07.23.2013 | Politics
C. Robert Gibson

We have to learn to set aside our pet issues like gun control and abortion, which are only used by the media and the politicians to keep people divided.

Congress Dodges Bruising Fight After Positive Report

Reuters | Posted 07.20.2013 | Politics

(Repeats story with no changes to text) By Jason Lange and David Lawder WASHINGTON, May 20 (Reuters) - The chances of a ...

The Downtoning of America

Leo W. Gerard | Posted 07.13.2013 | Politics
Leo W. Gerard

Republicans want to kill the government that accomplished that. They want to go back to Downton Abbey days. The rich stay rich; the poor stay servants.

When Tax Reform Means Soaking the Rich

Joseph J. Thorndike | Posted 07.07.2013 | Politics
Joseph J. Thorndike

Tax reform has evolved into one of the emptier platitudes of U.S. politics. Politicians support "tax reform" in the same way that they support "a strong national defense," "fiscal responsibility," and "pro-growth economic policies." It's a brave statement in search of a challenge. Is anyone ever against tax reform?