Tag Archive | "Taxes"

The Capitulation Begins

   The first act of surrender will be the opening up of the Treasury to the rich: President Barack Obama is open to considering the extension of all Bush-era tax cuts for a year or two, the White House confirmed Thursday, putting to a likely end any debate over whether to extend the breaks for […]

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“The rich guys don’t want to pay the tax”

Karl Marx? Nancy Pelosi? Bernie Sanders? Nope–Bill Gates Sr. Not that this it is surprising that rich people don’t want to pay taxes but it’s worth listening to Gates’ views on the fight over the attempt to put in place a tax on the richest people in Washington State.   Last night, "60 Minutes" had […]

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Corporate Looting of America Redux: The “Repatriation” Scam

The raid on our country’s treasury has been underway for 30 years (and more). The corporate leaders have successfully drained our common wealth, shifting money away from the community and, instead, diverting it into the hands of a few. And now the din is growing for another robbery of the people to the tune of […]

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State Workers Layoffs: Blame the Victims

   Here we go, another example of a lack of courage: Days after a federal judge blocked his efforts to furlough half the state work force, Gov. David A. Paterson is drafting a plan that would lay off thousands of government workers at the beginning of next year, a move officials say is necessary to […]

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Who Is Complaining About Health Care Tax?

   There is a whole lot of whining coming from the corporate sector about the great "burden" entailed in the health care bill just passed. Citizens for Tax Justice digs into the topic: A new analysis from CTJ shows that many of the companies protesting a tax-loophole-closing reform enacted in the new health care reform […]

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The Deficit Zealots and Their Media Enablers

    I understand why many people do not expect much from most of the traditional media–particularly The New York Times. People don’t get the sense that the traditional media can get out of its own insular thinking to do hard, independent reporting about the facts.    The newest drumbeat being pushed by the traditional media […]

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The Facts: MORE Goverment Makes For Stable Finances

Among the most troubling retreats, in my view, in the public discourse has been the adoption of the false idea that deep government involvement in the economy is a bad thing. It’s a retreat that too many Democrats have taken part in. The problem is the FACTS say otherwise. And the known left-wing organ, The […]

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Taxes and Deficits

  We are still not being serious about asking people to pay their fair share: Taxes on high-income earners would rise by nearly $1 trillion over the next 10 years, under the budget plan put forward by President Barack Obama on Monday. The bulk of that increase comes as tax cuts enacted under President George […]

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Hurray For Oregonians

   Rather than talk about deficit-reduction by cutting services, Oregonians are brave: Two ballot measures that would raise taxes on businesses and higher-income residents in Oregon appeared headed for approval late Tuesday. The tax increases, which would raise about $727 million largely for public education and social services, were approved last year by the Legislature, […]

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Wall Street Bonuses For Haiti

   The president is going to announce today a tax on the big banks and financial institutions: The tax on banks, insurance companies and brokerages with more than $50 billion in assets would start after June 30 and seek to collect $90 billion over 10 years, according to a senior administration official who briefed reporters […]

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