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Tax Cuts

Schumer Avoids Tax Trap; The Payroll Tax Cut in Trouble; Pernicious Politics

Jared Bernstein | Posted 12.09.2012 | Politics
Jared Bernstein

Here it is the afternoon and I'm just getting around to some articles and blogs for your attention.

Raised in Janesville, Wisconsin, I'll Be Voting to Protect the Middle Class -- I'll Be Voting for Obama/Biden

Steven Stamstad | Posted 12.08.2012 | Politics
Steven Stamstad

Like Paul Ryan, my beliefs are "rooted in Janesville, Wisconsin." But what I can't understand is why some middle-class folks -- and their supporters -- might think Romney and Ryan have their best interests at heart.

So DO Tax Cuts Create Jobs?

Dave Johnson | Posted 12.05.2012 | Business
Dave Johnson

In Wednesday's debate Mitt Romney repeated his claim that cutting individual and corporate income taxes creates jobs. But when you look at what actually happened, the periods when we had the highest tax rates were the periods we had the greatest job and economic growth.

WATCH: Obama And Romney's Debate Stutters Revealed

The Huffington Post | Mike Barry | Posted 10.05.2012 | Politics

During the first presidential debate this week, both candidates revealed a host of phrases, concepts, and mannerisms they couldn't--or wouldn't--shake...

What Obama Can Learn From Bush

Sanjay Sanghoee | Posted 12.05.2012 | Politics
Sanjay Sanghoee

What you need to remember about Bush is that whether you agreed with him or not, you always knew where he stood on things. Obama, for good or bad, needs to do the same.

52 Reasons to Vote for Obama: #3, Thirty Straight Months of Job Growth, Creating 4.6 Million New Private Sector Jobs

Bernard Whitman | Posted 12.05.2012 | Politics
Bernard Whitman

"Outsourcer in Chief" Mitt Romney claims that his business experience will help him keep jobs on American soil, but his business practices have done just the opposite.

Jon Ward

Tax Deductions Cap Would Not Hit Employer-Provided Insurance, Mitt Romney Campaign Says | Jon Ward | Posted 10.03.2012 | Politics

DENVER -- A comment by Republican presidential nominee Mitt Romney earlier this week regarding how he would overhaul the U.S. tax code set off a back-...

Families Struggle: Child Poverty Remains Epidemically High

Marian Wright Edelman | Posted 11.28.2012 | Politics
Marian Wright Edelman

Citizens must demand that every political leader state what they will do now to invest in and protect vulnerable children from hunger, homelessness and poor education. It's way past time to eliminate epidemic child poverty and the child suffering, stress, homelessness and miseducation it spawns.

Romney Advisor Backtracks On Tax Plan

The Huffington Post | Mark Gongloff | Posted 09.26.2012 | Business

Mitt Romney, under fire for not offering specifics about his tax plan, has responded by getting even less specific. In a debate with Obama adviser ...

Important New Research on a Key Fiscal Cliff Issue

Jared Bernstein | Posted 11.24.2012 | Business
Jared Bernstein

I read two papers over the weekend both of which underscored an important point about an ongoing area of contention around the fiscal cliff: allowing the Bush tax cuts to expire for the top 2% will not have a negative impact on the economy.

52 Reasons to Vote for Obama: #38, Balance Against Congress

Bernard Whitman | Posted 11.24.2012 | Politics
Bernard Whitman

The last time the Republicans had both houses of Congress and the presidency we got an irresponsible Congress that gave us huge tax cuts for the rich that we couldn't afford and an unfunded war we shouldn't have fought, setting us up for an economic catastrophe we didn't need.

Tax Hikes Necessary To Bring Down Deficit, Economists Say

AP | SCOTT MAYEROWITZ | Posted 11.23.2012 | Business

NEW YORK (AP) — The best way to reduce the federal deficit is through a combination of higher taxes and spending cuts, according to a group of econo...

Romney: The Little People Don't Pay Taxes

Pavlina R. Tcherneva | Posted 11.20.2012 | Business
Pavlina R. Tcherneva

It is becoming increasingly clear that Romney as well as the Vice Presidential candidate Paul Ryan are continuing the "reforms" associated with Bush Jr.'s "ownership society."

"Who Pays Taxes?" Is Back on the Scene

Jared Bernstein | Posted 11.19.2012 | Politics
Jared Bernstein

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.

House GOP Lifts 'Buffett Rule' Term

AP | JIM ABRAMS | Posted 11.19.2012 | Politics

WASHINGTON — Feel your taxes are too low? House Republicans have devised a new convenient way for those worried about government red ink to dona...

The Truth About Tax Cuts For The Rich

The Huffington Post | Bonnie Kavoussi | Posted 09.17.2012 | Business

A new study by the nonpartisan Congressional Research Service has found that over the past 65 years, tax cuts for the rich have not led to economic gr...

Ryanomics Assault on Poor and Hungry Children

Marian Wright Edelman | Posted 11.14.2012 | Politics
Marian Wright Edelman

Ryanomics is not only poor arithmetic, it is also poor morality and gross injustice which turns upside down the requirements of all great faiths to protect the poor and vulnerable.

Switching Taxes to Get America Working

William Drayton | Posted 11.12.2012 | Politics
William Drayton

If we lower the price of labor and increased the price of its only substitute, things, we would employ more people and conserve natural resources. How? Eliminate payroll taxes and add equal new revenues by taxing things like materials, energy, land and pollution.

The Only Way Romney's Tax Plan Could Possibly Work

The Huffington Post | Mark Gongloff | Posted 09.11.2012 | Business

People are always giving Mitt Romney's tax plan a hard time, using math to unfairly claim it doesn't work at all. But a respected Harvard economist ha...

Do the Rich Pay Their Fair Share of Taxes?

John R. Talbott | Posted 11.11.2012 | Money
John R. Talbott

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.

Reckless: How the Republican Solution to the Deficit Problem Will Cripple America

Sanjay Sanghoee | Posted 11.10.2012 | Business
Sanjay Sanghoee

The principal danger in a Romney presidency is in the reckless and contradictory Republican plan for deficit reduction, most of which is pure ideological nonsense.

How Many Times Has President Obama Cuts Taxes On Small Business?

AP | Posted 09.10.2012 | Small Business

WASHINGTON -- President Barack Obama says his administration has cut taxes on small business 18 times over the past four years. In an interview broad...

George Will Says the Republicans Should Be Winning, But Here Is Why They Are Not

Mitchell Bard | Posted 11.10.2012 | Politics
Mitchell Bard

One of the most lauded speeches at the Democratic convention was given by Bill Clinton, and the bulk of it found the former president debunking the assertions made by Mitt Romney, Paul Ryan and others at the Republican convention. It's no wonder then that the undecided voters in key swing states who will determine the winner in November are not ready to trust Romney and Ryan enough to buy into a policy that doesn't help them initially, but only will based on the promises of those who would benefit immediately. They don't trust Romney and Ryan to deliver. Throw in the GOP's shift to the extreme right on social issues, which is scaring away some women voters, and the president's ability to hold a lead in the polls despite the economic conditions starts to make clear sense.

President Bill Clinton Is Right: Medicaid Matters

Ethan Rome | Posted 11.06.2012 | Politics
Ethan Rome

In Charlotte, the Democrats rightly celebrated the President's signature achievement and made clear they're going to run hard on it. Paul Ryan has said bring on this debate, so it's game on. Thanks to President Clinton, that debate now must include Medicaid.

Inequality: Why the Capital Gains Tax Rate should be Raised

Sanjay Sanghoee | Posted 11.03.2012 | Business
Sanjay Sanghoee

Capital gains are a form of passive income that arise not from working but from realizing profits from investments. While there is nothing wrong with making money passively, there is no defensible reason to tax that type of income any differently than the wages of say, a policeman.