The “Apple hearing” is underway (Go Sen. Levin!!) with Apple CEO Tim Cook explaining why Apple “can’t” bring back over $100 billion they have parked outside the country because they would have to pay the taxes they owe. Senator after senator is explaining that our tax rate is not “competitive.” Not sure what this really [...]
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Sunday, May 19, 2013, was one of the saddest and most notorious moments in the sordid history of the federal budget.
Let's start from the beginning.
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Last week I wrote to the Executive Vice President of CBS News asking for a comment on Lesley Stahl’s unpublicized withdrawal from the Advisory Board of the Peter G. Peterson Foundation. The inquiry was acknowledged and forwarded on to the press officer for 60 Minutes. There’s been no response since then. That’s a disservice to [...]
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Apple (like many giant, multinational corporations) has been avoiding paying the taxes they owe to the country by setting up foreign “subsidiaries” in tax-haven countries, and moving jobs and profit centers out of the country. They have accumulated billions upon billions of dollars in these tax havens. Now they want a special tax break to [...]
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The day may come when the worst nightmare a crooked banker or compromised regulator can have begins with the words, “You have a letter from Senator Warren.” But before we get to that, here’s an experience that may seem familiar: You’re at a party or family get-together – a Sunday barbecue, perhaps – and someone [...]
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In the latest round of atrocities committed by conservatives, Republicans on the House Agriculture Committee sent to the House floor a farm bill on Wednesday that offers little food for families while dishing out corporate subsides. In protest, organizational leaders and activist met with elected officials on Capitol Hill to demonstrate opposition to cutting the [...]
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The deficit is now down 60 percent as a percent of gross domestic product. It is down more than the deficit hawks Alan Simpson and Erskine Bowles asked for. This rapid reduction is seriously hurting the economy and jobs, but demands for cuts continue. It is time for Congress and the President to “pivot” to [...]
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Simpson and Bowles, those two hired pitchmen for budget-cutting hysteria, are still hawking an economy-killing product called “austerity economics,” a product that’s designed to benefit their wealthy patrons at everybody else’s expense. This philosophy provides some (very thin) intellectual cover for the Republicans’ lunatic bloodbath of spending cuts. Of course, Simpson and Bowles and austerity’s other [...]
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Deficit projections have already by $200 billion for this year alone, so why do Republicans keep lunging for ever-more radical spending cuts like they were corn dogs at a barbecue? That’s more in deficit reduction than President Obama’s proposed cut to Social Security would “save” in ten. So why hasn’t he withdrawn the proposal? It [...]
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David does a nice job unpacking the dreadful Politico gossip item in his post below. But as a long time Village observer from afar, I thought I might add a little more context. The first observation is that apparently Sally Quinn has officially passed the baton to Vandehei and Allen. How do I know this? Well, take the first sentence.
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