Yesterday I posted about our weak kneed leaders in Congress. Today they seem set on proving my point: With a potentially bruising election less than six weeks away, Democrats on Capitol Hill came to an impasse Thursday over what to do about the Bush tax cuts. The result was a decision to do nothing, at […]
So it turns out that the big Republican stimulus package, rolled out by the House Republican leadership on the day of the stimulus vote, may have actually raised taxes. A staffer for the House Ways and Means committee email Greg Sargent this: In 2008, 4.2 million Americans had to pay the Alternative Minimum Tax (AMT). […]
When we hear about “tax cuts”, the Democrats cringe. This has always been the strong hold for Republicans in campaign issues, but that issue may be losing strength: Support for tax cuts — a signature campaign issue for congressional Republicans — is waning on Capitol Hill, with the GOP-led Congress reaching its Independence Day recess […]
The Republicans have once again said “fuck middle America” and spent their time giving tax breaks to the rich: The Senate gave final approval Thursday to a $70 billion election-year package of tax cuts that will extend lower rates for investors and also save billions for families with above-average incomes. The Senate passed the measure […]