Russell Simmons: All My Employees Paid Less Taxes Than I Did
Tag: taxes
REPORT: How The Right-Wing Uses Misleading Numbers To Claim The Rich Are Unfairly Taxed
First of all, these numbers apply only to federal income taxes — which Wallace, to his credit, acknowledged. But the distinction is often elided, allowing the impression that this applies to all taxes to slide by uncontested. Rove, for instance, never mentioned it. It’s just in the fine print of the charts. And…
73 Percent Of Americans Support The ‘Buffett Rule,’ Including Two-Thirds Of Republicans
Overall, the Buffett Rule receives 73 percent approval, according to a new Daily Kos/SEIU “State of the Nation” poll conducted by Public Policy Polling and released today. Republicans have labeled the increase as “class warfare,” despite the fact that the richest Americans continue to see their incomes rise and their tax rates plummet. via 73…
The President’s Plan for Economic Growth and Deficit Reduction
I am sending to the Congress this detailed plan to pay for this jobs bill and realize more than $3 trillion in net deficit reduction over the next 10 years. Combined with the approximately $1 trillion in savings from the first part of the Budget Control Act, this would generate more than $4 trillion in deficit…
Obama: I’ll Veto A ‘One-Sided Deal,’ It’s Time ‘To Do What’s Right’
Saying that “Washington has to live within its means” and that lawmakers must “cut what we can’t afford to pay for what really matters,” President Obama just introduced what he says is a plan to cut an additional $3 trillion from budget deficits over the next decade. And he vowed to veto any…
Bachmann proposes to eliminate all taxes
At Thursday night’s Republican presidential debate, Rep. Michele Bachmann R-MN proposed the elimination of all taxes, but then added that the government did need some money to run.“You earned every dollar, you should get to keep every dollar that you earned,” the candidate said. “That’s your money, that’s not the government’s money.” via Bachmann proposes…
Perry Brags About Texas’ Tax System That Charges The Poor Four Times As Much As The Rich
As Matt Yglesias has noted, in reality Perry’s tax system “has done a great job of soaking the poor.” In fact, according to the Institute on Taxation and Economic Policy, someone in the poorest 20 percent of Texans can expect to face a tax rate four times as high as a Texan in…