Share on Facebook Twitter Google+ E-mail Reddit Fred Smith, FedEx Chairman and CEO, is saying that the idea that tax hikes on the wealthiest of Americans will kill jobs is simply “mythology” on Tuesday, and he is not alone. On Monday, David Langstaff, CEO of TASC, told a reporter for Politico that tax rates need […]
Share on Facebook Twitter Google+ E-mail Reddit Progressives have a lot at stake in “fiscal cliff” negotiations, including fair taxation for the wealthy, reasonable military spending and preserving the social safety net. With the daily back-and-forth, it can be confusing to keep track of all the details. Robert Reich boils it all down with these […]
Share on Facebook Twitter Google+ E-mail Reddit Last week, Laura Ingraham lashed out at Congressional Republicans who have indicated publically that they would be willing to waiver on their pledge to not raise taxes in the wake of President Barack Obama’s reelection. Ingraham warned that Congressional Republicans need to get concessions from their Democratic colleagues […]
Share on Facebook Twitter Google+ E-mail Reddit Yesterday, Republicans made their first post-election budget proposal. The outlines proposal would keep all the Bush tax cuts, but eliminate enough loopholes and deductions to apparently raise $800 billion in new revenue. But what does it all mean? Probably not very much.
Share on Facebook Twitter Google+ E-mail Reddit Treasury Secretary Tim Geithner predicted on Meet the Press that congressional will accept Obama’s plan to raise income tax rates and limit deductions for individuals earning $200,000 and over. “I think we’re going to get there,” he told NBC’s David Gregory. Sec. Geithner went on to say that […]