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via Paul Blumenthal, The Huffington Post The push to raise unlimited contributions by a super PAC backing President Barack Obama’s reelection has run into a number of hurdles since Priorities USA Action was set up by former White House aide Bill Burton in 2011. Major Democratic donors have shunned the group, denying it funds to … Continue reading
via Steven Rattner, The New York Times New statistics show an ever-more-startling divergence between the fortunes of the wealthy and everybody else — and the desperate need to address this wrenching problem. Even in a country that sometimes seems inured to income inequality, these takeaways are truly stunning. In 2010, as the nation continued to … Continue reading
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
President Obama’s proposal for a new tax on millionaires echoes a call in many countries struggling with budget deficits and overwhelming debts to make the wealthy pay more. Britain and France have imposed new taxes on their highest earners — and Italy, Spain, Greece and Japan are considering similar moves, despite some protests. Whether the … Continue reading
President Barack Obama is back in the good graces of progressives. For now. Hours after Obama delivered a fiery speech demanding that the wealthiest Americans “pay their fair share” in taxes as part of his $4 trillion deficit-reduction plan, MoveOn.org launched a new television ad on Monday hammering in the president’s message and ripping Republicans … Continue reading
Republican opposition is solidifying to President Barack Obama’s $447 billion job creation plan, and his pending proposal to raise taxes on millionaires is already under GOP fire. “If we’re just going to do class warfare and get tax increases out of this, then I don’t think much will come of it,” Rep. Paul Ryan (R-Wis.) … Continue reading
The Brandt Standard 