I have been promising for a few weeks to go into detail about how nutty Bernie’s tax proposals are, specifically when it comes to paying for medicare-for-all. Well, I finally saw the annoying and unofficial chart below one too many times, and I finally had my fill of watching liberals defend Bernie’s awful anti-liberal proposal….
Tag: taxes
TRP News – Progressive News & Information – June 15, 2015
TRP News with James Andre. This week Hillary Clinton officially kicks off her campaign, Fast Track passes the House but can’t move forward, more U.S. troops head to Iraq in the fight against the Islamic State, and the Mckinney pool incident highlights irrationality in public discourse. 0:20 Clinton 3:25 Fast Track vote 13:35 Troops in…
TRP News – Progressive News & Information – June 8, 2015
TRP News with James Andre. This week a discussion about cynicism about our government and civic participation, the Hillary Clinton and the fight for voter’s rights and a $15 minimum wage, Bernie Sanders and taxing the 1%, the G7 summit and an update on the migrant crises. :19 Civic Engagement 12:30 Clinton 16:56 Bernie Sanders…
Fossil fuels subsidised by $10m a minute, says IMF
Fossil fuel companies are benefitting from global subsidies of $5.3tn (£3.4tn) a year, equivalent to $10m a minute every day, according to a startling new estimate by the International Monetary Fund.The IMF calls the revelation “shocking” and says the figure is an “extremely robust” estimate of the true cost of fossil fuels. The $5.3tn subsidy…
In Which The Democrats Finally Get A Clue
There is something truly odd about the wealthiest country no longer with the wealthiest middle class, and in which every major competitor’s middle class is converging with ours’ in standards of living. This is the real end of American exceptionalism, in which working hard in the middle class is like being on a treadmill rather…
Right vs. Left in the Midwest
MINNESOTA and Wisconsin share much more than bone-chilling winters: German and Northern European roots; farming; and, until recently, a populist progressive tradition stretching back a century to Wisconsin’s Fighting Bob La Follette and the birth of Minnesota’s Democratic-Farmer-Labor Party. But in 2010 these cousin states diverged. By doing so they began a natural experiment that…
Obama Parries With House GOP on Budget, Immigration
President Barack Obama continued his push for a grand bargain, an immigration overhaul and the rest of his agenda in a meeting with House Republicans on Wednesday, but GOP leaders immediately shut the door on any compromises that would include new taxes. Obama appealed to Republicans to come to the table on a bipartisan budget…
If Corporations Don’t Pay Taxes, Why Should You?
Go offshore young man and avoid paying taxes. Plunder at will in those foreign lands, and if you get in trouble, Uncle Sam will come rushing to your assistance, diplomatically, financially and militarily, even if you have managed to avoid paying for those government services. Just pretend you’re a multinational corporation. That’s the honest instruction…
Ryan in Fantasyland
Voters might not have focused on the fact that Ryan’s original plan wouldn’t have produced a balanced budget until today’s high-school students reached middle age, but the true deficit hawks in the House Republican caucus certainly noticed. They demanded a budget that reached balance much sooner. Hence Ryan’s revised plan, which claims to accomplish this…
Obama signs bill warding off fiscal cliff
President Barack Obama has signed into law a bill to avert the fiscal cliff, a day after the House and Senate approved the much-debated legislation. Obama, who returned to his family vacation in Hawaii after Tuesday’s House vote, signed the bill via autopen on Wednesday. But new battles over taxes and spending await Washington in…
Mitt Romneys Real Agenda
The GOP legislation awaiting Romneys signature isnt simply a return to the era of George W. Bush. From abortion rights and gun laws to tax giveaways and energy policy, its far worse. Measures that have already sailed through the Republican House would roll back clean-air protections, gut both Medicare and Medicaid, lavish trillions in tax…
Romney: Taxes on the Wealthy Are So High I Paid Extra
Mitt Romney says that tax rates are too high—so high that he wants to cut them. So why did he deliberately avoid deducting charitable contributions in his 2011 tax return in order to pay a higher effective tax rate? The Romney campaign released a letter about the Romneys’ 2011 return on Friday, and says it…
Romney: My Magic Tax Plan Will Repeal Math
This was a vague enough plan that Romney believed he could get by without making any of the ramifications clear, except the good stuff about cutting tax rates. But the Tax Policy Center ran the numbers and found that, even if you granted Romney a series of optimistic to wildly implausible assumptions, he would have to raise…
CNN Host Dismantles Grover Norquist’s Anti-Tax Argument: ‘This Is A Wish, Not A Plan’
CNN’s Fareed Zakaria challenged Grover Norquist’s opposition to tax increases during an interview on Sunday, insisting that the anti-tax zealot’s opposition to higher taxes — gospel which the GOP has adopted — could lead to financial collapse and turn the nation into “another Greece.” “In other words, I don’t like high taxes, but the question…
Republicans want to raise taxes on the poor. Why?
As the top Republican on the Senate Finance Committee, Orrin Hatch is the Republican point man on taxes in the Senate. And he’s got a plan. It’s called the Tax Hike Prevention Act of 2013. He’s even got Mitch McConnell, the leader of the Senate Republicans, as a co-sponsor. Hatch’s plan would extend all the Bush tax…
Bain, Bain, Go Away
Mitt Romney doesn’t have much to say about his days at Bain Capital, his taxes, his offshore bank accounts, or his time as governor of Massachusetts. Here’s a round-up of some of the things that have been said and reported. Why does Bain matter? Romney has made his success in business the centerpiece…
Senate Republican Plan Raises Far More People’s Taxes than the Senate Democratic Plan
Senate Republicans would raise taxes on millions of families at the end of this year. In fact, based on our analysis, the Senate Republicans’ plan would likely raise taxes on more than 20 million families—about 10 times as many people who would see higher taxes next year under the Senate Democrats’ plan offered by Majority…
Under Obama, Taxes Hit A 30-Year Low
To hear conservatives and Tea Partiers tell it, President Obama is a serial tax-raiser who has increased taxes on “millions of Americans.” But according to the latest data from the Congressional Budget Office, tax rates under Obama hit a 30-year low in 2009, in part because of the tax cuts he implemented in response to…
Infographic: Obamacare Is a Tax Cut for Middle-Class Families
Below is a link to a great graphic that shows what many people don’t know about Obamacare: very soon most families will be getting large tax breaks because of the law. In fact, the average family purchasing insurance through an exchange will get over $5,000 in annual tax credit. Infographic: Obamacare Is a Tax Cut…
Do voters really flee high-tax states?
The CBPP study argues that taxes are often much less significant than housing costs. For example, between 2004 and 2007, Arizona was the most popular destination for outgoing Californians. But it’s not clear that this was due to taxes. Indeed, many middle-income and upper-middle-income families actually faced higher local taxes in Arizona. More likely, many…