A Truly Simplified Tax Code Is Incompatible With the Main Goals of Washington

By: Wednesday April 10, 2013 7:56 am

It is time for people in Washington to acknowledge it is impossible to get a truly simplified tax code in this current political climate. It is simply inconsistent with the other driving ideological preferences in Washington, which includes the idea of very low federal “spending”, low taxes, and a Congress that plays an active role [...]

For the Obama Campaign, It’s All About Taxes

By: Tuesday December 11, 2012 8:36 am

The presidential election is over but the Obama campaign operation hasn’t been shut down. It still exists in a more limited form, actively engaging in public outreach and encouraging constituent lobbying. What the Obama campaign is specifically pushing for at this moment, however, offers a telling insight into the thinking of the administration about the so-called “fiscal cliff.”

Obama’s Budget Promises on Bush Tax Cuts, Drug Price Negotiation Ring Hollow

By: Thursday April 14, 2011 3:17 pm

The deficit reduction plan President Obama vaguely outlined yesterday lacks basic credibility. The problem isn’t that the math doesn’t add up–it is at least a dramatic improvement over Republican Paul Ryan’s plan, which literally defies logic and basic math. This issue is that many of the reductions President Obama promised yesterday come from actions that [...]

Bipartisanship Gained: Tax Cuts for the Rich, Shared Sacrifice for Everyone Else

By: Monday March 28, 2011 9:59 am

Bipartisanship is rare, but it seems there is one thing governors of both parties can agree on: “Shared sacrifice” really means more tax cuts for the rich to force regular people to share all the sacrifice. This is effectively what New York’s Democratic governor Andrew Cuomo is about to push through in his state by [...]

Debt Ceiling: Obama and Reid Throwing Hostages to GOP

By: Wednesday December 15, 2010 8:48 am

President Obama couldn’t get his deficit commission to agree on a plan to cut Social Security, so they’re setting up a plan whereby the GOP “makes them do it” as the price of raising the debt ceiling: Congress is expected to vote sometime in the first half of next year on legislation to raise the [...]

Government’s Vestigial Organ Voices Opposition to McConnell-Obama Tax Deal

By: Thursday December 9, 2010 12:40 pm

The House Democratic caucus voted today to reject the Obama-McConnell tax deal. From Sam Stein: In a meeting on Thursday morning, the House Democratic caucus rejected the president’s proposed deal on the Bush tax cuts but did not fully submarine the possibility of its passage, multiple sources tell The Huffington Post. Members, by voice vote, [...]

DCCC Chairman Israel Tells Members Seven Polls Show Public Supports Tax Deal

By: Wednesday December 8, 2010 10:15 am

I frankly don’t even know how this is nonsense is possible given that the most recent Bloomberg poll taken during and after the deal was announced shows that keeping the tax cuts for the wealthy is unpopular, with only a third of Americans supporting even temporarily keeping the highest tax rate low. By the same token almost every recent poll before the deal was announced, like this CBS News poll, showed the public is behind the original Democratic position about ending the Bush tax cuts for those making over $250,000 and oppose extending all the tax cuts.

Tax Cut Deal is Public Option Debate All Over Again: All Lies, No Fight

By: Tuesday December 7, 2010 3:09 pm

In a moment of angry accidental honesty, President Obama compared his recent deal with the Republicans on tax cuts to the fight over the public option. From a transcript of the press conference via Greg Sargent: This notion that somehow we are willing to compromise too much reminds me of the debate that we had [...]

Eight Predictions About Obama’s Tax Cut Deal

By: Tuesday December 7, 2010 12:27 pm

Now that President Obama has reach a “compromise” with the Republicans on tax cuts for the rich — which are even more generous to the ultra-wealthy than any George W. Bush passed — it’s time for predictions.

Obama Delivers Mixed Messages on Deficits and Spending with Worse than Mixed Results

By: Monday December 6, 2010 10:59 am

After months of actively signaling weakness on extending the Bush tax cuts for the rich, President Obama is about to reach a “compromise.” According to reports, it sounds like the compromise with be a temporary extension of the Bush tax cuts for all, a year-long extension of unemployment insurance, and an extension of some of [...]