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 […]
Share on Facebook Twitter Google+ E-mail Reddit Nancy Pelosi is accusing the Republicans of holding the middle class hostage in exchange for tax cuts for the super wealthy, cuts that will ultimately contribute to the deficit but will not create any new jobs. The House Minority Leader said Friday that stalling on a solution on […]
Share on Facebook Twitter Google+ E-mail Reddit Robert Reich and Carol Roth talk to CNN’s Piers Morgan about tax reform and debt reduction with conservative Carol Roth unsuccessfully trying to convince Piers Morgan and Robert Reich that raising taxes on the super-rich will not help the economy – indeed would damage the economy and jobs […]