The Economy

Tax Pledge Mutiny as Fiscal Cliff Approaches

Tax Pledge Mutiny as Fiscal Cliff Approaches

Grover Norquist is confronted by a tax pledge mutiny as the fiscal cliff approaches. Norquist has demanded for years that elected officials sign a pledge promising not to raise any taxes under any circumstance and over the years, a majority of Republicans in the U.S. Congress have done so.  However, this year one-third of the […]

Ed Schultz: the Buffet-Reagan Rule

Ed Schultz: the Buffet-Reagan Rule

Progressives are hoping that if Republicans won’t listen to President Obama on the Buffett Rule, then maybe they’ll listen to President Reagan. The Center for American Progress unearthed video of Reagan making the case in 1985 for closing tax loopholes on the rich in strikingly similar terms to Obama, even leading an audience to cheers […]