House Speaker Boehner and Senate Minority leader each claimed this week that higher taxes on the wealthy will cause the “job creators” to cut jobs and “hurt growth.” The Heritage Foundation makes specific claims about how this will happen. Let’s take a look. The Heritage Claim The Heritage Foundation purchased a Twitter promotion that shows [...]
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There has been a lot of discussion about Congress enacting a “grand bargain” during the lame duck session of Congress. Many members of Congress have talked about using the plan put forward by Alan Simpson and Erskine Bowles as an outline for a “balanced” approach to deficit reduction.
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In the campaign Romney and Republicans promised to crack down on China’s currency manipulation on the “first day.” Yesterday the Obama administration again declined to label China as a currency manipulator, giving House Repubicans the opportunity to follow through on their promise. Treasury Dept. Report Does Not Name China As Manipulator Yesterday, the U.S. Department [...]
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Here’s a CNBC celebrity having a fit when Raul Grijalva suggests that Medicare shouldn’t be cut: She seemed to be having a very hard time controlling herself. Meanwhile, let’s have a little fact check, shall we? The Medicare cuts they are anticipating would likely affect people younger than the current crop of allegedly wealthy baby [...]
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Without the White House and House Republicans seeing eye to eye — and they still definitely don’t — we’re no closer to a deal to stop the fiscal cliff than we were before the start of the Thanksgiving recess.
But that doesn’t mean the budget debate hasn’t been substantially changed by what’s already happened. To the contrary, some of the most commonly held budget beliefs and fiscal fish tales have now been shown to be deceptive, disingenuous, misleading and just plain wrong.
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It’s like a Woodstock for plutocrats, or an Avengers for the avaricious: The CEOs of America’s largest corporations have banded together to lecture us on the importance of debt reduction. And despite their lack of qualifications and their very obvious self-interest, the media can’t get enough of them. Why? They’re not experts in economic policy. [...]
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While the lame-duck Congress debates the so-called "fiscal cliff" that isn't a cliff, the public has weighed in. A new poll shows the public overwhelmingly supporting tax hikes for the rich and opposing Medicare cuts.
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In eight of the 10 battleground states (Florida, Iowa, Nevada, North Carolina, Ohio, Pennsylvania, Virginia, Wisconsin), President Obama won voters with incomes under $50,000 while losing voters with incomes of more than $50,000. In the other two swing states (New Hampshire and Colorado), Obama won voters with incomes under $50,000 while tying voters over $50,000 (and losing the subset of voters with incomes over $100,000).
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Each morning, Bill Scher and Terrance Heath serve up what progressives need to effect change on the kitchen-table issues families face: jobs, health care, green energy, financial reform, affordable education and retirement security. MORNING MESSAGE: Grover’s Not Over Yet OurFuture.org’s Terrance Heath: “For years progressive have simultaneously envied and despised Grover Norquist for his ability [...]
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For years progressives have simultaneously envied and despised Grover Norquist for his ability to organize conservatives and keep them organized, and more recently for the power his anti-tax pledge has over Republicans. So it’s understandable that we might celebrate the apparently cracks in Norquist’s “wall” of anti-tax Republicans. However, we should careful not to get [...]
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