Tag: taxes

Obama is excepted to announce a new tax plan at Tuesday's State of the Union, meant to help out the struggling middle class. But when you look deeper into it, you see what is really going on.

Newt Gingrich’s tax plan does give almost everyone a tax break, but some more than others. Can you guess which ones? People earning more than $1 million a year would receive an average tax cut of $613,689 in 2015, compared with what they pay now. That change would boost their after-tax income by 28.7 percent […]

Yesterday the Republicans again filibustered the payroll tax cut extension. They continued their argument that paying for it with a surtax on millionaires would hurt hiring. NPR decided to look further into that claim and here’s what they found: We wanted to talk to business owners who would be affected. So, NPR requested help from […]

I have been tied up the last several days helping my sister get her new house ready so I am a little behind the news. Today I find out the wingnuts have decided to launch their own response to Occupy Wall Street, a movement called the 53%. These are Republicans against the 47% of Americans […]

Republicans have been lobbing that “class warfare” meme at President Obama ever since he said that the wealthiest should pay their fair share in taxes. It’s pretty funny, considering the idol of the GOP, one Ronald Reagan, also thought the same way. We’re going to close the unproductive tax loopholes that allow some of the […]

E.J. Dionne has a great piece today talking about the Buffett tax plan. Conservatives have been on a constant attack against Warren Buffett over his claims that his tax rate is to low. Of course all the focus has been on Buffet, but there are other’s in Buffett’s tax bracket that feel the same: Advocates […]

My heart weeps for this poor fellow: Rep. John Fleming (R-LA) appeared on MSNBC with Chris Jansing this morning to attack President Obama’s new deficit reduction plan, which includes some tax increases on the wealthy. Taking up the typical GOP talking point, Fleming said raising taxes on wealthy “job creators” is a terrible idea that […]