WASHINGTON, D.C. — In the recently convened “lame-duck” session of Congress, senators and representatives will take on a number of issues that could have major economic consequences for working families and retirees. Congress is considering benefit cuts for Social Security, Medicaid and Medicare and members are looking at cutting taxes for the wealthy even more.…
Tag Archive for Taxes
Will Congress Heed the Peoples’ Call for Compromise?
By Glynn Wilson – The American people spoke on election day 2012. The question remains, however: Did Congress hear? Will the far right tea party Republicans in the House heed the people’s call to compromise with the president and the Senate on taxes and revenue? “Republicans are ‘willing to accept new revenue’ to tame the…
Economist Joseph Stiglitz Says Innovators Not Deterred by Higher Taxes
Exclusive – Joseph Stiglitz Extended Interview Pt. 1 The Daily Show with Jon StewartGet More: Daily Show Full Episodes,Political Humor & Satire Blog,The Daily Show on Facebook In this exclusive, unedited interview, economist Joseph Stiglitz argues that past American innovators weren’t motivated by money and wouldn’t be deterred by higher taxes. Just don’t tell the…
Large Majority of Americans Favor the Proposed ‘Buffett Rule’ on Taxes, 60 to 37 Percent
by Glynn Wilson Sixty percent of Americans say they are all in favor of Congress passing the so-called “Buffett Rule,” proposed by President Barack Obama, to mandate a minimum 30 percent tax rate for Americans with an annual household income of $1 million or more. Majorities of both Democrats and independents favor the policy, while…
Even Ronald Reagan Supported Fair Taxes on Millionaires
These days, Republicans in Washington support taxing the middle class instead of the wealthy. But one of their President heroes had a different view. What say you?
