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."