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 […]
There’s been a lot of talk about the South Fulton, Tennessee fire department standing around while Gene Cranick’s house burned to the ground all because Cranick didn’t pay a $75 subscription fee to the fire department, but I think there is one key point being missed here; what’s to come. First off, as a former […]
Apparently not the Republicans. Check out Eric Cantor admitting that extending the Bush tax cuts will increase the deficit: Transcript (via Think Progress): GUTHRIE: [W]ill you just as simply acknowledge that passing these tax cuts worsens the budget deficit problem? I mean, you can’t deny that, right? CANTOR: Savannah, let’s look at it through the […]
This is another sign of the times: Tax Day is a dreaded deadline for millions, but for nearly half of U.S. households it’s simply somebody else’s problem. About 47 percent will pay no federal income taxes at all for 2009. Either their incomes were too low, or they qualified for enough credits, deductions and exemptions […]
Statistics like this in the richest nation on the planet are totally unacceptable: The number of Americans that have trouble putting food on the table shot up last year in an unprecedented spike to a record 17 million households, the government reported on Monday. The Department of Agriculture report, which has been released annually since […]
It always amazes me when the right goes on about how charities should take care of social needs. The problem is when people start losing money the first thing that gets cut is their charitable donations, which then results in things like this: The holiday project is a group of nine nonprofit agencies that rely […]
Max Baucus, lap lizard for the insurance industry, has come up with his own plan: Just as auto coverage is now mandatory, so would a requirement that all Americans get health insurance. Penalties for failing to get insurance would start at $750 a year for individuals and $1,500 for families. Households making more than three […]
Ok I am impressed: Melody Barnes, Domestic Policy Council served as chief counsel to Senator Ted Kennedy on the Judiciary Committee from 1985 to 1993. Want to get an idea of how progressive she is? Read this: In January of 2007, prior to President Bush’s state of the union address, Barnes wrote this essay for […]
John McCain didn’t support equal pay for women because. Well I’ll let him speak for himself: “They need the education and training, particularly since more and more women are heads of their households, as much or more than anybody else,” McCain said. “And it’s hard for them to leave their families when they don’t have […]
Finally some good news from the White House: The Bush administration on Wednesday released $450 million in emergency funds to help poor families pay their expensive heating bills this winter. Record high heating oil prices due to record crude oil costs of $100 a barrel are cutting into family budgets, with senior citizens and poorer […]