taxes

The Fiscal Five: A Quintet of Cliff Cartoons

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.
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Rush Limbaugh Whines About the Wealthy and Class Warfare

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.
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Lame-Duck Session of Congress: Myths and Facts

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.
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Conservative Economics Doesn't Expand the Workforce

Conservative economic thought is based on a single simple premise, which just so happens to be wrong. The premise is that if you make sure businesses have as much money as possible, they'll hire more workers. One easy way to do that, they claim, is to lower their taxes.
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‘Fix the Debt’ CEOs Sit on Massive Retirement Funds While Pushing for Cuts

A new report from the Institute for Policy Studies shows that the CEOs who make up the “Fix the Debt” campaign sit on massive retirement funds of their own while calling for the retirement programs that working families rely on to be cut as part of a deficit-reduction package. Furthermore, those same CEOs have been shortchanging pension funds for working families at the corporations they run.
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The Fiscal Cliff Grand Betrayal


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.
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Elections Polling Analyst Nate Silver Needed for Budget Debate

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...
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Small Business Owners Tell Congress to Tax the Rich

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.
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The CA Vehicle License Fee and the Supermajority

If you ever wonder about the gaping hole in our budget that we've been trying to close for the last decade or so, there is one part of that larger pie that is bigger than the rest. That is the Vehicle License Fee. Back when Arnold Schwarzenegger was running in the recall election, it was dubbed simply the "car tax."
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Fox Host Calls Ben Stein a Communist

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