Tag Archives: Taxes

Brownback’s Tax Policy May Be An Even Bigger Failure

Earlier this week it was revealed that the state of Kansas may miss revenue goals by $1 billion over the next two years under Governor Sam Brownback’s economic regime, but it may be even worse than that according to analysis … Continue reading

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Bobby Jindal Proposed a Really, Really Stupid Idea

What a terrible idea: Gov. Bobby Jindal is proposing to eliminate Louisiana’s income and corporate taxes and pay for those cuts with increased sales taxes, the governor’s office confirmed Thursday. The governor’s office has not yet provided the details of … Continue reading

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Social Security Can Pay Full Benefits Through 2033

And that’s if Congress and the White House does nothing to improve its longevity. This according to the CBPP and its response to an alarmist New York Times article. Every four years, an independent panel of distinguished economists, demographers, and … Continue reading

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Shocker: California Raises Taxes, Has Budget Surplus

Nobody could have predicted that after California finally voted to raise taxes, the state would cure its budgetary ailments in a relatively short amount of time. Riding a wave of new tax revenue, California Gov. Jerry Brown on Thursday proposed … Continue reading

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How Far We’ve Come

This wasn’t very long ago. Every single Republican primary candidate raised their hand when asked if they would turn down a deal that included 10 dollars in cuts for every 1 dollar in new revenue. During the presidential debates, Mitt … Continue reading

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Further Context on the Fiscal Cliff Deal

Sullivan: And so you see that Obama’s re-election has meant the biggest increase in revenues to the federal government since 1968. That would not have happened under Romney. $600 billion in tax hikes, while protecting the tax cuts for the … Continue reading

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Grover Norquist is a Racist Manchild

Grover Norquist knows just as well as you or I do that taxes are going up soon whether he likes it or not. And, evidently, he really does not like it. NORQUIST: We got lots of things Obama claims to … Continue reading

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They Aren’t Serious

CNN’s Dana Bash reports that John Boehner’s latest fiscal cliff proposal included a permanent extension of the Bush Tax Cuts. Washington (CNN) – One of the reasons Tuesday night’s conversation between President Barack Obama and John Boehner did not go … Continue reading

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Lawrence O’Donnell Eviscerated Gingrich on Tax Hikes

From yesterday’s Meet the Press, O’Donnell just totally nailed Gingrich: For the last time: tax cuts are one of the least efficient ways to stimulate economic growth and if the four tax cuts Gingrich mentioned were so effective, how is … Continue reading

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They Really, Really Hate Medicare and Social Security

Tom Coburn repeated the newly minted GOP line about rolling back the Bush tax cuts — but only if it’s accompanied by “significant entitlement reform”: “Will I accept a tax increase as a part of a deal to actually solve … Continue reading

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Understanding the Fiscal Cliff in 2 Minutes and 30 Seconds

Robert Reich with the public service: Regarding the Democrats and not backing down, so far so good.

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Corporate Profits Hit Record High

It’s hard out here for a Job Creator. (via Fortune) NEW YORK (CNNMoney) — Just four years after the worst shock to the economy since the Great Depression, U.S. corporate profits are stronger than ever. In the third quarter, corporate … Continue reading

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The Bar Tab

Artist – RJ Matson In other news, Treasury Secretary Timothy Geithner reiterated today that without an agreement to raise taxes on the rich, we will go over the “cliff.”

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They Aren’t Serious

If you can actually watch the whole thing without falling asleep, here’s Senator Orrin Hatch (R-Keebler Elf Tree) being shamelessly dishonest. The president said he wants a so-called balanced approach to solve this crisis, but what he proposed this week … Continue reading

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Boehner Ball

Artist – Chris Weyant In other news, U.S. GDP growth has been adjusted to 2.7 percent, up from a prior estimate of 2.0 percent.

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Super Stupid

According to Senator Mike Lee (R-UT), Republicans aren’t protecting rich, they’re actually looking out for the “poorest among us.” LEE: People need to understand that the reason we worry about raising taxes on anyone – even raising taxes on the … Continue reading

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Save The Whales

Artist – Jimmy Margulies In other news, this is why Sheldon Adelson can afford to dump tens of millions of dollars down the drain supporting Newt Gingrich and Mitt Romney. Las Vegas Sands Corp. (LVS), the casino company led by … Continue reading

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Back on the Campaign Trail

President Obama is reportedly going back on the campaign trail briefly this week to promote a solution to avoid going over the “fiscal cliff.” The president will tour a manufacturing facility and give remarks in the southeastern Pennsylvania town of … Continue reading

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Record Number of Americans Go Shopping

If the economy really is worse now than it was four years ago, as the Republicans have spent the last year telling us, why did a record number of Americans go shopping over the long holiday weekend and why did … Continue reading

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Rorschach Test

Artist – John Cole In other news, the average effective tax rate for the wealthiest Americans dropped from 22.4 percent in 2009 to 20.7 percent in 2010 according to the IRS. Because socialism.

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