This afternoon President Obama will hold a press conference to talk about growing the U.S. economy and reducing the deficit. He will certainly address the fictitious “fiscal cliff” you’ve heard so much concern about. You can watch it live here. The talking point on this scary fall is that the country’s economy will dive into …
The first time I mentioned Bill Dunkelberg in my blog was two years ago. Mr. Dunkelberg is the chief economist of the National Federation of Independent Business (NFIB), Professor Emeritus of economics at Temple University and chairman of Liberty Bell Bank in New Jersey. Unfortunately, in spite of all those distinguished positions, Mr. Dunkelberg is …
Yesterday President Obama reiterated his position that he supports extending the Bush-era tax cuts for the lower 98% of all taxpayers for another year. Of course, that also means that he supports allowing those same tax cuts for the top 2% of tax payers to revert back to the Clinton-era levels (you remember the 90’s …
By Frank Knapp, Jr. The Hill’s Congress BlogSeptember 21, 2011 President Obama’s call for cutting the deficit by $3 trillion includes the roll back of the Bush-era tax cuts on the top income tax brackets, a move expected to bring in about $800 billion over the next 10 years. As expected the defenders of …
We’ve found the solution to decreasing the country’s deficit spending—more revenue! According to a report yesterday from the U.S. Treasury Department, the federal government decreased deficit spending by 6% ($70 billion) in 2011 to date compared to the same period in 2010. If we continue to do that for the rest of the year that …
Remember the big fight late last year over extending the Bush tax cuts on the wealthiest Americans. Those wanting to keep the cuts argued that small business owners would be hurt because many or most of them had individual taxable incomes of over $200,000 or joint incomes of over $250,000. Tax these people more and …
The FOXNews of budget agreements. That’s the best description of the debt ceiling compromise passed by the House yesterday and by the Senate today. No matter how many times FOXNews calls itself “fair and balanced”, the hard evidence tells the real story of slanted and faux news at the Murdoch network. The same PR charade …
I met Zach Carter, a young journalist with the Huffington Post, back in April. We had lunch at a trendy deli in DC with David Levine (American Sustainable Business Council), Scott Klinger (Wealth for the Common Good) and Chuck Collins (Institute for Policy Studies). While we couldn’t get Zach interested in writing about tax haven …
In his recent “60 Minutes” interview, incoming House Speaker John Boehner stated that he will refuse to “compromise” on his principles but is willing to find “common ground” on issues. So according to Speaker –in-waiting Boehner the $858 tax-cut package the Senate will pass shortly is “common ground” between Congressional Republicans, Democrats and President Obama. How …
This is a crucial week in Washington. Congress is back in session and the White House is holding a meeting Thursday with Congressional leaders to discuss issues. One of the issues will be extending tax cuts to the wealthiest 2 percent of the taxpayers—tax cuts that will increase the deficit by $700 billion over the …
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