A long time ago, in an historical America, lawmakers determined a progressive tax code to be the fairest and most logical for all. The legislators asked more of those who had benefitted most from the advantages America provides. They asked less of those who benefitted least.
It is no surprise that the 2013 federal budget proposal that President Obama released today is deemed "dead on arrival" in Congress. Most White House budget proposals are.
The following was originally published at Politico
President Obama has proposed a specific new minimum tax rate for millionaires. Should America's rich feel angry or relieved? We check the IRS tax data archives for an answer.
Can democracy, one top political scientist asked last week, 'function effectively in a society marked by vast economic inequality'? The fate of the modest new White House bid to tax our rich may tell the tale.
Leo Hindery, Jr. will be a featured speaker at Take Back the American Dream, convening from Oct. 3 to 5. Click here to register.
Later this week on the floor of the House of Representatives, several federal budget proposals embodying different approaches to our country's economic challenges will compete for attention.
You know the KISS rule: "Keep It Simple, Stupid.
Last year I prepared for the SOTU by speculating about the “fairy tales” the President would tell about fiscal responsibility, fiscal sustainability and the debt/deficit problem.
President Obama said on Monday that his proposal would bring taxes for millionaires in line with those paid by the middle class.
They used to say that the money wealthy people spent would trickle down to everyone else, but nobody was really buying it. I'm not sure anyone's buying this either: "Let's define rich," Scarborough suggested. "So, what's the cutoff? Is it $500,000?"
I didn't think that anyone — not even her fellow Republicans — could top Michelle Bachmann's 2008 interview with Chris Matthews, in which she accused then-candidate Barack Obama — and certain members of Congress — of being "anti-American," and urged the media to "do a penetrating expose" cer...
Is there a house in your neighborhood that everybody hates to walk past? You know, the one with broken and boarded up windows, trash left to gather on the lawn, and grass so overgrown it’s becoming a habitat for rodents? If you have a house like that in your community, you know it’s more than ju...
We have a lot of work to do in America: jobs to create, infrastructure to build, clean energy to generate, homeowners to save, teachers to hire and student debt to retire.
There's a lot of discussion right now about the "Buffett Rule." This is the proposed tax rule that says people who make more than $1 million a year should at least pay as much of
No doubt about it, large unlimited donations are flowing into SuperPACs from rich individuals and corporations aimed at influencing who is elected at all levels of government in 2012.
This week there was another big attack on Social Security by another elite.
What the Republican budget proposal by Rep. Paul Ryan doesn't say is in many respects more ominous than what it says—and on taxes, perhaps more indicative of the truth.
I was on the Thom Hartmann TV show Big Picture last night, discussing a new banker Super PAC.
When George W. Bush accepted the nomination for President at the 2000 Republican National Convention, he declared: "On principle, no one in America should have to pay more than a third of their income to the federal government."
In 2010 the men's magazine Esquire enlisted Lawrence O'Donnell, along with a panel of Republicans and economically centrist Democrats, to duplicate the anti-Social Security efforts of the Simpson/Bowles Deficit Commission.
A spring awash with Etch A Sketch conservatives, camera-wielding GOP con men and a bogus deficit reduction budget from House Republicans shows that for the right, wrong is justified when it achieves the desired results. A perfect example of this political philosophy is the work of James E.
Conservatives like House Speaker John Boehner say the government can't raise taxes on millionaires and billionaires because they are "job creators." Instead, House Republicans are once more calling for trillions in more tax cuts for the richest Americans.
A new video is circulating showing an actual case of voter fraud! We can finally show people what happens if you commit voter fraud. Let's prosecute the perpetrator, put him in jail for a long time, and set a clear example and send a loud message: do not do this!
Social Security and Medicare are hugely important for the security of the non-rich population of the United States. For this reason, Robert Samuelson and The Washington Post hate them.
Bernard Rapoport was an American original. When he passed away last week at age 94, we lost a great spirit.
This is big: Paul Krugman, Nobel Prize-winning economist and New York Times columnist, will address the “Take Back the American Dream” conference in June.
At what point will our world wake up to the fantastically rewarding scam that our hedge fund masters of the universe have been running?
Every progressive should know about the Congressional Progressive Caucus's "Budget for All." In fact, every American should know about this budget. But the corporate news media sure isn't going to tell people. So you should help get the word out.
As a favor to struggling Americans, U.
Originally published on Capital Gains and Games.
Today, 228 House representatives -- all Republicans -- voted for a budget that would give every millionaire a brand new $265,000 tax handout, cut funding for the poor by $3.3 trillion, privatize Medicare, and
Europe's in crisis. Unemployment is at a fifteen-year high after climbing for ten straight months, thanks to the austerity measures imposed on it by conservative leaders in France, Germany, and the international financial community.
With Michael Winship
The 99% Spring movement has been training people to lead non-violent protests, and action against corporate control begins next week. Click here to find out what is happening near you. "900+ Events, 49 states, Tens of Thousands of People, Hundreds of Groups -- This is historic.
The Mitt Romney campaign is shaping up to be a constant stream of projection, accusing President Obama of whatever weaknesses are in his own record. Hug the House Republican plan to end Medicare as we know it, then claim President Obama wants to "end Medicare as we know it."
Now we know: The jobs situation is bleak, and it will continue to be bleak until we face up to the fact that we need more stimulus spending - lots more - and we have to relieve millions of homeowners from their indentured servitude to Wall Street so that they can help restore the economy too.
Here is the Alliance for American Manufacturing's statement on manufacturing jobs in the March jobs report:
Today's jobs report—120,000 new jobs created in March—underscores what we have been arguing for months: We must have a dramatic increase in the investments we need to make in infrastructure, education and other fundamenta
Whatever the March unemployment numbers are today, they are far, far from robust enough to employ everyone who needs work any time soon.