Bush tax cuts

The wealthy are remarkably adept at feeling vicitimized, despite their unprecedented income gains over the past few decades and their unparalleled level of political clout in a democracy where money equals free speech.  An AP article this morning in USA Today will surely feed these...
03/04/2013
Blog
This is the headline we should really be seeing after last night's fiscal cliff deal. As a result of the deal, the bulk of the Bush tax cuts will remain permanently in place, the AMT will be eliminated, and Obama's stimulus tax cuts, mainly aimed at the working poor, will live on for another five...
01/02/2013
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While tax hikes on the affluent have gotten most of the attention in the fiscal cliff deal, an equally important story is how proposals for further stimulus spending died a quiet death in Washington over recent weeks. Obama's original fiscal cliff offer included $425 billion in stimulus ...
12/24/2012
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President Obama has belatedly grasped that holding firm on tax increases for the top 2 percent, and defending Social Security, Medicare and Medicaid against needless cuts, is good politics and good policy. As his Treasury Secretary, Tim Geithner put it on Fox News Sunday, "Why does it make sense...
12/03/2012
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Every time that President Obama emphatically repeats that he won't raise taxes on anyone making under $200,000 a year, as he did yesterday, I can't help but wince. Promising the middle class -- and a good swath of the upper middle class -- that their taxes will never go up is politically cowardly,...
11/30/2012
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I have long said that the Republican Party does not speak for much of corporate America or Wall Street when it takes a totally intransigent stance against higher taxes. Many business people are normal and practical types who understand that we can't tackle our fiscal and investment challenges...
11/29/2012
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As President Obama gets closer to making his deal with the Republicans on the budget, the most important thing to keep in mind is that the fiscal cliff is an artificially contrived trap. Were it not for the two Bush wars and the two Bush tax cuts and the House Republican games of brinksmanship...
11/26/2012
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The tax cuts enacted by Congress under George W. Bush in 2001 and 2003 stand as the greatest achievement ever for small government conservatives. While a good chunk of Reagan's historic tax cuts had been cancelled out before he even left office, Bush's tax cuts have lived on and on, draining...
11/09/2012
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It's hard to recall a presidential election in which the Democratic candidate so aggressively called for higher taxes on the affluent. Yes, Obama made similar proposals in 2008, and Gore ran a pretty populist campaign in 2000, but none of that compares to how this year Obama repeatedly hammered the...
11/08/2012
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Senator Schumer offered a much needed intervention in the tax debate in a speech on Tuesday. What Schumer said is that revenue-neutral tax reform was a fantasy and that any big Congressional deal on tax reform had to include higher rates on the wealthy, as well as more revenue overall. Yes and yes...
10/11/2012
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