Archive
Tax Tricks - Do Corporations Pass Taxes On To Customers?
This tax trick is based on a popular assumption that businesses can just raise prices whenever they want to. But a well-run business is already charging what they should charge for their product or service.
Conservatives Protect Rich From Class Warfare Except The Rich Who Embrace Clean Energy
As the President and congressional leaders propose letting the Bush tax cuts expire for those earning more than $250,000 a year, conservatives in Congress are screaming "class warfare!" Of course, if establishing different tax rates for people with different incomes...
Progressive Breakfast - 9/17/2010
300 Economists Warn: Don't Put Jobs Behind Deficit Reduction 300 economists warn politicians jobs must come before deficit reduction. WSJ: "Today, some 300 economists and 40 civic and labor unions released a statement today making the case for aggressive new spending....
Austerity Chic Its This Years Weapons of Mass Destruction
Sometimes our political commentariat seems to go fashion-crazy. When a new trend gets popular it overwhelms everything in its path: logic, poltical divisions, even expert opinion. The latest vogue is deficit reduction, and our nation's Anna Wintours tell us we simply...
Latest Senate Jobs Bill Tests The Limits Of Right-Wing Obstruction
Senate Finance Committee chairman Max Baucus has introduced a bill today that is a frankly unadventurous mix of jobs initiatives and tax incentives, with a healthy dose of loophole-closings to make sure that it can be presented as revenue-neutral. (Don't accuse Baucus...
Bailed-Out Banks Finance Predatory Payday Lenders
American taxpayers bailed out the big banks. Now many of those banks are returning the favor by extending credit to payday lenders who sucker consumers into a spiraling debt trap. That is the claim in a new report published this week by National People’s Action (NPA),...
Welcome Home Tire Jobs
Today the US Trade Representative (USTR) Ron Kirk filed two complaints with the World Trade Organization (WTO). The first alleges that China is keeping American credit and debit card companies out of their electronic payment market. The second is a "dumping" (selling...
China’s Currency Manipulation Flipping Off America
China is disrespecting America. The Asian giant is an international trade outlaw, and U.S. manufacturers and workers are its crime victims. China illegally subsidizes its export industries and unlawfully manipulates its currency. That kills U.S. industry and destroys...
Is Elizabeth Warrens New Job a Blessing or a Curse
Reports are conflicting, details are uncertain, the White House isn't talking on-the-record, and after a confusing evening, it's still unclear exactly what is going on with Elizabeth Warren's next job. In one sense, it looks like President Barack Obama is pulling out...
Is Obama Selling Out Elizabeth Warren
ABC News is reporting that President Barack Obama will appoint Elizabeth Warren to a "special advisory" position to set up the Consumer Financial Protection Bureau. We don't know the details, but so far, this seems very suspicious. As I wrote yesterday, Obama has...
