Millionaire Tax

Neither Obama Or Romney Show Much Interest In Pre-Election Day Deal On Sequestration

via Jeremy Herb, The Hill’s Ballot Box The tight presidential race has all but ensured that Congress will not pass a bill before the election that would halt sequestration cuts to the military. President Obama and presumptive GOP nominee Mitt Romney have traded barbs over sequestration as the issue has amplified on the campaign trail … Continue reading →

U.S. Congressional Budget Office Warns Of Worse Economic Wreckage From “Fiscal Cliff”

via David Lawder, Reuters Massive U.S. government spending cuts and tax hikes due next year will cause even worse economic damage than previously thought if Washington fails to come up with a solution, the Congressional Budget Office warned on Wednesday. Without action by Congress to avoid a “fiscal cliff,” Americans should expect a “significant recession” … Continue reading →

Vast Majority Of Americans Favor Buffett Rule’s Millionaire Tax: Poll

Nearly three-quarters of Americans say they support President Barack Obama’s proposal to tax households making $1 million or more at the same or higher rate as middle-class households, according to a recent poll from website Daily Kos. The poll found two-thirds of Republicans also support the so-called “Buffett Rule” – named after famed investor Warren … Continue reading →

Why ‘Occupy Wall Street’ Makes Sense

If 2,000 Tea Party activists descended on Wall Street, you would probably have an equal number of reporters there covering them. Yet 2,000 people did occupy Wall Street last Saturday. They weren’t carrying the banner of the Tea Party, the Gadsden flag with its coiled snake and the threat “Don’t Tread on Me”. Yet their message was clear: … Continue reading →

Remember The Good Ol’ Days?