NotesThe main reason to hike top tax rates, in this view, isnât to keep the deficit in check; itâs simply to keep individuals from becoming too wealthy, because inequality is itself toxic for society. Unfurl
NotesMitt Romney has said, in effect, âIâm rich and I donât apologize for it.â Nobody wants you to, Mitt. What some of us wantâthose who arenât blinded by a lot of bullshit persiflage thrown up to mask the idea that rich folks want to keep their damn moneyâis for you to acknowledge that you couldnât have made it in America without America.FeedUnfurl
NotesRosalind S. Helderman / Washington Post:Senate blocks $60 billion infrastructure plan, another part of Obama jobs bill â The Senate shot down another piece of President Obama's $447 billion jobs bill Thursday, as a stalemated Congress goes through the motions of attempting legislation to spur...FeedUnfurl
NotesThe bottom line: A family with an income level of $40,000 to $50,000 would pay $3,407 more a year in taxes, while families making $500,000 to $1 million a year would pay on average $80,315 less, according to the Tax Policy Center.Unfurl
NotesTwo-thirds of likely Iowa Republican caucus goers earning less than $50,000 a year believe they personally would be better off or in the same situation under Herman Cainâs 9-9-9 tax plan, The Des Moines Registerâs new Iowa Poll shows.
Research-group reviews of the plan have found that most families making $100,000 or less would pay thousands of dollars more each year.Unfurl
Notes Nancy Cordes / CBS News:Boehner: Debt deal will include new tax revenues â House Speaker John Boehner addressed one of the biggest sticking points for the 12 member Congressional âsupercommitteeâ today, acknowledging that any bipartisan agreement will need to include some new tax revenue.FeedUnfurl
Notes"So my conclusions: The ignorance (willful or otherwise) is deep. The anger (justified or otherwise) is high. Teabagger solutions are silly at best and dangerous at worst. But what bothers me more is that our side has been so woefully inadequate at laying out these facts. These are not sophisticated concepts and the words can be small."Unfurl
Notes"I make a good living, and I suspect that I will end up paying more taxes under Barack Obama than I would have under John McCain. I am delighted to pay those taxes. My father worked his entire life for the federal government. My brother, who has cerebral palsy, lives on Social Security. Much of what I know about the world I learned in public schools and libraries. I cannot possibly repay the government for all they have done for me, but I am happy to do my share."Unfurl
Notes"People should remember that while they have the right to their opinion, they are not entitled to be taken seriously. That only comes from having credibility gained by the correct presentation of facts and analysis and a willingness to be even-handed--criticizing one's own side when it is wrong and not only speaking up when the other party does the same thing."Unfurl
Notes"Obama's plan gives the biggest cuts to those who make the least, while McCain would give the largest cuts to the very wealthy. For the approximately 147,000 families that make up the top 0.1 percent of the income scale, the difference between the two plans is stark. While McCain offers a $269,364 tax cut, Obama would raise their taxes, on average, by $701,885 - a difference of nearly $1 million."Unfurl
Notes"Southeast Michigan's creative business community will get a boost as a result of Governor Granholm's signature on a series of bills that would make creative businesses eligible for state MEGA tax credits."Unfurl
Notes"The creative and intellectual property service industries in Michigan (software developers, graphic designers, technical artists and writers, dance and music teachers) may be particularly hit hard."Unfurl
Notes"Repealing the estate tax is like erecting protectionist barriers around the hereditary elite. It is anti-meritocratic and unfair -- and antithetical to this nation's best traditions."Unfurl
NotesI thought we got tax cuts? "A flood of income tax payments pushed up government receipts to the second-highest level in history in April, giving the country a sizable surplus for the month."Unfurl
Notes"The president told us that we needed to fight in Iraq to save lives here at home, and yet -- after moving billions of domestic dollars to the Persian Gulf -- there are bodies floating through the streets of Louisiana. What does George W. Bush have to sayUnfurl
Notes"In fact, by analyzing income and tax data, it appears that the higher up the income ladder you climb, the less subject you are to paying taxes in the United States."Unfurl
Why AOC's tax plan makes sense: It would help keep oligarchs in check.
memeorandum: Senate blocks $60 billion infrastructure plan, another part of Obama jobs bill (Rosalind S. Helderman/Washington Post)
Iowa Poll: Many think Cainâs 9-9-9 plan would help them | Iowa Caucuses
Daily Kos: Bartlett: Â Teabaggers Totally Ignorant About Taxes
Stephen Herrington: McCain Will Raise Your Taxes, Obama Will Raise Your Income