Archive
Corporations: "Deficits Mean Austerity For Thee And Lower Taxes For Me"
Tax day. At a time when elites are lecturing us on deficits, giant corporations are demanding even lower taxes for themselves. Their message: "deficits equal austerity for thee and lower taxes for me." Tax "Reform" Giant corporations and opinion elites are calling for...
The Upside of Taxes
April 15 has never been a day for celebration, and it's especially tough to pay taxes when so many of us are struggling financially. But the real problem isn't taxation. Our real problem is the new "bipartisan" drive toward austerity.
A Budget To Keep America On The Road
If you were stuck on the Washington beltway during the evening rush hour yesterday, you might have suspected that the Washington Metro area's crumbling beltway had already begun to collapse. Fortunately, yesterday's gridlock wasn't the result of a beltway collapse or...
Elite-Pundit Deficit Frenzy Just Like "Run Up" To Iraq War
The "Grand Bargain" is about showing the world that we can hurt people, so they will know we are "serious." Reading Jason Linkins' HuffPo account of elite-pundit thinking about the "Grand Bargain," Passing 'Grand Bargain' Voters Don't Care About Is Critical To...
Obama's Budget Taxes The Rich
President Obama's budget proposal may have a lot of new concessions to Republicans, but on taxes, his flag is firmly planted where it has always been: Make the tax code more progressive. Already with ObamaCare and the fiscal cliff deal he has achieved the most...
Immigration Reform Rally Was Also About Youth and the Future
An estimated 60,000 converged on the Capitol on Wednesday to tell Congress to take legislative action to enact comprehensive and fair immigration reform. To borrow a line from so many of yesterday’s speakers and protesters, “the time is now.” But one group that...
Bank Corruption: Your Moment of Zen
Now this is interesting. Fidelity was able to flag an individual account for insider trading, presumably because suspicious patterns arose in the trading, leading to the arrest of a small-time player in the financial industry. And yet, despite handling his account for...
Progressive, Labor Leaders United Against Social Security Chained CPI
The Congressional Progressive Caucus and AFL-CIO president Richard Trumka pressed their opposition to President Obama’s proposed chained-CPI change to Social Security benefits at a Thursday afternoon news conference, denouncing it as a cut in benefits for those who...
Progressive, Labor Leaders United Against Social Security Chained CPI
The Congressional Progressive Caucus and AFL-CIO president Richard Trumka pressed their opposition to President Obama’s proposed chained-CPI change to Social Security benefits at a Thursday afternoon news conference, denouncing it as a cut in benefits for those who...
No Harm No Foul? Then Why Do Poor People Need Protecting From It?
Some details are emerging about the so-called "softening" of the Chained-CPI for the most vulnerable. Here's one analysis of what we know so far from Shawn Fremsted at CEPR: And a just-released White House fact sheet claims that the proposal is coupled with “measures...
