Pushing tax cuts for the masses instead of cuts for the rich isn't "progressive" — it's left-Reaganism. Here's why
For decades conservatives have advocated scaling back the role of the federal government in transportation, yet the federal gas tax that was supposed to end in 1969 is still hanging
I no more believe this water is safe than I believe tax cuts for the wealthy create jobs. Why? Because history shows me that authorities are willing to lie about toxic spills in order not to create public panic, and to protect their political careers (not necessarily in that order). Show More Summary
Governor Walker has made it clear that he wants to continue to cut property taxes. The best way to do this would be to strengthen a state tax credit that helps keep property taxes affordable for people with low incomes. Yet despite the Governor’s focus on property tax cuts, making improvements to the Homestead Credit [...]
President Barack Obama's sixth State of the Union address turned out to be pretty much as previewed in a series of strategic spoilers doled out over the past few days: an interesting but doomed populist manifesto of tax cuts for the middle class, tax increases for those who collect much of...
One of the first things Republicans did upon taking control of Congress was requiring the Congressional Budget Office to use “dynamic scoring” when assessing tax cuts (but not spending increases). My latest column for The Hill explores this cynical move: At best, the change to dynamic scoring will affect a very small number of bills [...]
Remember voodoo economics—the contention of some conservatives that the tax cuts proposed by Ronald Reagan would boost the economy so much that tax revenues wouldn't fall? Gov. Andrew Cuomo... To view the full story, click the title link.
Things the Republican Party could not bring themselves to clap for tonight, a (much) condensed list. An improving economy A soaring stock market Americans getting health insurance Mention of "solar power" Tax cuts for working families...Show More Summary
Middle-class tax cuts, a good economy and the Sony hack are some of the topics President Obama is expected to discuss tonight. He will be looking into a crowd mostly of Republicans, who now are the majority in both chambers. The speech is to start at 6 p.m. Pacific time. Follow along here for...
Mike Konczal: The 2003 Dividend Tax Cut Did Nothing to Help the Real Economy: President Obama is going big on capital taxation in the State of the Union tonight, including a proposal to raise dividend taxes on the rich to...
In his State of the Union speech tonight, President Obama is said to propose $320 billion in new taxes on high-income Americans to finance tax cuts for the middle-class and free community college tuition for students. The White House...Show More Summary
The proposals President Obama will make tonight, at least the ones we already know about, are focused on helping the middle class with a series of tax breaks, paid for with some tax increases on the wealthy, by increasing the latter’s investment and inheritance taxes. Of course, the Republican reaction has ranged between dismissive and […]
President Obama's pre-SOTU announcement proposing Wall Street tax increases and middle class tax cuts has the chattering tea party abuzz with the usual tropes. Robin Hood, they sneer. Redistribution! See, we told you all along he was...Show More Summary
Rep. Jason Chaffetz (R-UT) called Obama's plan a "non-starter." The White House says President Obama's new tax plan would raise $320 billion from the wealthiest 1/10 of one percent of the population in order to give tax cuts to the rest of Americans. Show More Summary
President Obama has proposed a change in the tax code that would lower taxes for the vast majority of Americans: President Obama will use his State of the Union address to call on Congress to raise taxes and fees on the wealthiest taxpayers...Show More Summary
In a breathtaking display of Cynicism, the Obama administration has announced a program to provide tax cuts for the “middle class,” and to increase taxes on the rich. This is just a cynical political ploy to polish his appalling legacy, characterized by “Look forward, not backward” in prosecuting torture, kidnapping and illegal imprisonment, coupled with [...]
TWEET OF THE WEEK: Imagine what would happen if the next administration treated Hollywood the way that the current one treats the coal industry? Hollywood is more toxic. I say, repeal the Hollywood tax cuts!
In advance of Tuesday's State of the Union Address, the White House yesterday released Fact Sheet: A Simpler, Fairer Tax Code That Responsibly Invests in Middle Class Families. The plan would raise $320 billion in revenue over ten years. Key components include: Close the trust fund loophole – the single...
President Obama will suggest raising taxes on the wealthy to finance a middle class tax cut. The proposal faces long odds in the Republican-controlled Congress, led by lawmakers who have long opposed raising taxes and who argue that doing so would hamper economic growth at a time the country cannot afford it. And it was quickly [...]