A little more evidence that the Occupy movement is winning
Economically beleaguered Americans face another punch in the face as jobless benefits fade
Sixty-one percent of Americans say raise taxes on wealthy to cut deficit
Warning: don't hold your breath waiting for this to happen:
Raising taxes on the rich beats out cuts to defense spending, Medicare or Social Security as U.S. adults' top preference on how to close the deficit, according to a 60 Minutes/Vanity Fair poll.
Sixty-one percent of Americans said that increasing taxes...
New GOP House rules pave the way for more tax cuts for wealthy, slashing spending
The incoming House GOP majority has adopted new rules that, according to Robert Greenstein and James Horney at the Center on Budget and Policy Priorities, "clearly designed to pave the way for more deficit-increasing tax cuts in the next two years." Not just tax cuts, but sharply reduced spending.
Current House rules...
Recent polling and the art of the "deal"
If there were two bits of consensus emerging from the conventional wisdom of this month's tax cut episode in Washington, they were roughly as follows:
- The tax cut deal struck between the President and his Republican adversaries on the Hill was exceptionally popular policy.
- The only detractors to the legislation were a...
Poll: Tax bill popular, though most say it does too much for wealthy
Opinion Research Corporation for CNN. 12/17-19. 1,000 American adults. MoE 3%.
President Obama signs tax cut deal into law
Here's video of President Obama Friday afternoon, signing his tax cut deal into law and hailing it as a bipartisan victory for middle-class families:
Full transcript below the fold, but here's a snippet:
This bipartisan effort was prompted by the fact that tax rates for every American were poised to...
Tax Cuts and Unemployment Benefits: It’s a Win-Win!
Tax cut deal passes, heads to President Obama’s desk
On the upside, the President's tax cut deal provides 13 months of unemployment insurance benefits, extends middle-class tax cuts, delivers targeted tax incentives for increased business spending including in the energy sector, and adds on top of that $120 billion in temporary tax cuts that are sure to have a stimulative effect.
On the...
Thune says tax cuts for rich a priority — health care for 9/11 responders, not so much
As you may recall, last week Republicans who were holding the Senate hostage until tax cuts for the rich was a done deal, blocked health care for 9/11 responders. And apparently noting the traditional media's collective yawn at that appalling obstruction, it looks like Sen. John Thune (R-SD) felt perfectly safe to
Back when Mitt Romney didn’t support the Bush tax cuts
Mitt Romney, 2003 (Boston Globe, via Nexis):
ROMNEY WEIGHS IN - CAREFULLY - ON BUSH TAX-CUT PLAN
GOVERNOR WON'T GIVE HIS ENDORSEMENTWASHINGTON - Governor Mitt Romney refused yesterday to endorse tax cuts at the heart of President Bush's economic program, but he told members of the state's congressional delegation during a...
Follow seriouslypolitics on Twitter!
