By using a loophole in the tax code, some individuals have organized their businesses in such a way that their earnings, what you and I would call "wages," can technically be called "profits" and therefore are not subject to Medicare tax.
Steven Spielberg's Lincoln opens in wide release today, after a limited release last Friday -- and with luck, Barack Obama will not only see it but take it as a template for the current lame-duck session of Congress and for his impending second term.
In 1998 and for the subsequent eight years or so, I remained agnostic regarding what I viewed as the trade-offs between cap-and-trade and carbon taxes. What happened to change that? Three words: The Hamilton Project.
Right before the U.S. House of Representatives left for the summer to go home to campaign for your vote, they voted to extend the Bush-era tax cuts for the richest Americans millionaires and billionaires.
Rather than address the industry's continued failures, the chemical industry's allies in Congress are trying to change the law via the Farm Bill. The logic being: if you can't win the game, change the rules.
Today the House is planning to take up H.Res.568 -- a resolution that shifts the U.S. redline for war with Iran -- on a suspension vote. There has not been a single hearing on this measure and no debate about its very serious implications.
I want to help explain what is happening on the floor of the House of Representatives. We should be voting to extend middle class tax cuts, but through some legislative acrobatics, the Republican Majority has totally prevented this.
What Boehner and Pelosi failed to take into account is the impact the page program has on the pages themselves, the love for government fostered in our nation's youth and the debates that were had bridging the partisanship of Washington.