taxes

Things aren't looking too optimistic. Senate Majority Leader Harry Reid said Thursday that we're headed over the "fiscal cliff," blaming House Speaker John Boehner for not allowing a middle class tax cut bill to come to a vote. As leaders in Washington continue to squabble, here are five funny "fiscal cliff" cartoons to cheer you up.

In this clip, Rush Limbaugh and a caller bemoan the "class warfare" that has "prevailed" in this country and whine how raising taxes on the rich is a form of punishment.

In the recently convened “lame-duck” session of Congress, senators and representatives will take on a number of issues that could have major 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 further.

With the election behind us, President Obama and the lame-duck Congress return to Washington to face a fiscal showdown, occasioned by automatic tax hikes and spending cuts scheduled to kick in after the first of the year.

By Dean Baker
Co-Director, Center for Economic and Policy Research, Author
At this point almost everyone has heard of Nate Silver, the New York Times polling analyst who had all the pundits looking stupid on election night. Silver managed to call every state exactly right. He ignored the gibberish about momentum or voters’ moods and simply focuse...

The business owners and executives, members of non-partisan small business organizations, wrote Congress this month asking lawmakers to avoid cutting programs like Social Security and Medicare. In addition, they asked Congress to let expire the Bush-era tax cuts for the rich. The business groups are the American Sustainable Business Council, the Business for Shared Prosperity and the Main Street Alliance, which together include networks of more than 150,000 small businesses and 300,000 executives, owners and investors.

Fox Host Greg Gutfeld calls Ben Stein a Communist for contending the rich must pay more to help resolve the nation’s debt.