The Economic Policy Institute has released a chart showing the average overall tax rates in 1979, 1992 and 2007. The picture isn’t pretty. While the tax rate for you, me and the other 99% of this country has remained pretty much the same over the years, the tax rate for the top 1% has seen […]
When the GOP talks about tax breaks for the rich and businesses they always use the argument that the more money business has, the more people they will hire. This has been in a direct conflict of supply and demand economics and more proof is in this: Despite high unemployment and a largely languishing real […]
Here’s his latest headline and all the wingnuts are following suit. Makes you think that Obama wants to steal the millions and billions of the rich and give it to the poor in some modern day Robin Hood sense – doesn’t it? Well if you check out what Obama was actually talking about, you would […]
Of all people, it looks like McCain may have just lost David Frum. They key point from his post: Here’s I fear the worst harm that may be done by this selection. The McCain campaign’s slogan is “country first.” It’s a good slogan, and it aptly describes John McCain, one of the most self-sacrificing, gallant, […]
So I ended up watching the Saddleback forum last night. I wasn’t sure if I would or not. To me this was a rather large insult against our nation and founding fathers, a view shared by even people of very deep faith. So what did I think? Well it wasn’t bad. I liked the format, […]
AWWW Congress is now feeling like they haven’t done enough this year: US lawmakers returning today from a weeklong break will resume work on a long list of unfinished — and possibly insurmountable — tasks that could help decide whether voters will reelect them in November. Action or inaction on contentious issues including immigration, pensions, […]
The more I read this story and think about it, the more pissed off I get. Last week the House passed the tax cuts to extend them to 2010. The tax cuts pertain mainly to capital gains and dividends, meaning that they affect the upper-middle and upper classes of this country. Yesterday the House took […]