Tag: trickle down

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.

Bob Cesca has posted the following chart, showing how the share of income labor sees is at a historic low: What’s interesting is how much the share dipped during the Bush years. During Clinton’s term, the rate was on the rise, after a substantial fall during the Reagan and Bush 41 years. So what does […]

A very interesting op-ed in today’s LA Times starts with: Congress should let the Bush tax cuts expire for the wealthiest Americans and use the additional tax revenues that are generated to invest in infrastructure and research. Now you probably think this is some whack, socialistic liberal or something. Of course you would be wrong. […]

Just now on Rachel Maddow, Rep. Don Manzullo (R-Il), who voted against the stimulus bill (duhh), was saying he wanted to see something like this. We give people a $5,000 voucher to go out and buy a new car. That way they could get that new car for about $300 a month and that would […]

We raise the national debt. That measure was passed by Congress today and sent to Bush for his signature. The Senate voted Thursday to allow the national debt to swell to nearly $9 trillion, preventing a first-ever default on U.S. Treasury notes. The bill passed by a 52-48 vote. The increase to $9 trillion represents […]