Category: Economy
Three Arguments Progressives Are Using to Defend Social Security Cuts and Why They’re Wrong
Some progressives are still bending over backward to whitewash the chained CPI — a Social Security cut that President Obama has offered Republicans in the past and remains on the table for the next fiscal deal. It is important to know the arguments these progressives are making and why they do not hold water.
Obama and lawmakers are talking, but they aren’t close to a ‘fiscal cliff’ deal
Listen closely and you can hear the sounds of a “fiscal cliff” deal NOT coming together. The first week of the lame-duck Congress brought multiple pledges of bipartisan cooperation from President Obama and congressional Republican and Democratic leaders. But there has been very little – if any – movement in the two sides’ positions, which, in fact, may be hardening prior to the serious negotiating sessions expected to begin after Thanksgiving.
Get ready for the lame-duck session of Congress
The 112th Congress will reconvene Nov. 13th
The 112th Congress reconvenes Nov. 13 with nothing less than the fate of the U.S. economy on the line.
In play in November and December: the expiring Bush tax cuts, an expanding alternative minimum tax poised to capture more and more middle class taxpayers, the expiring payroll tax cut that has been a boon to middle class households during the recession, cuts in physician reimbursements under Medicare, and the looming budget “sequestration,” which will automatically cut just under $50 billion in federal spending beginning in January and $500 billion over 10 years.
Podesta Calls Deregulation of Derivatives a “Big Mistake”
Romney takes flak over welfare attack on Obama
Who built a better tax plan: Obama, Romney or House Republicans?
Tax reform is in the air: President Obama is pushing for a new tax on millionaires
