Taxes

Tax Reform?

Oct
22

So sick of our local corporate media (eg. WBBM) calling the GOPer tax cut for billionaires, ‘Tax Reform’.

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Illinois Going Broke?

Sep
01

If you refuse to take water out of Lake Michigan, I guess you could claim we're in a drought. If you refuse to tax the people with money, I guess you could claim we're going broke. Finally if you put a bag over your head, I guess you could claim it is night.

Issue: 
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Obama: 33 Seniors X $6k = Tax Break for Me

Apr
14

This was my favorite part of Obama's speech on fiscal policy:

They want to give people like me a $200,000 tax cut that's paid for by asking 33 seniors each to pay $6,000 more in health costs. That’s not right. And it’s not going to happen as long as I’m President. (Applause.)

Issue: 
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No Serious Crisis Left to Waste

Feb
13

Steve Benen quotes this summary of Rep. Ryan's appearance on Fox News Sunday:

Rep. Paul Ryan (R-Wis.) defended proposed Republican budget cuts to popular domestic programs Sunday as necessary to maintaining fiscal health.

HuffPost also reports on the appearance:

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Good and Bad

Jan
14

The Good:

Cheering for a tax hike feels unnatural, but cheer we will. After years of delays, Illinois lawmakers early Wednesday finally embraced the inevitable: raising the state’s personal and corporate income tax rates.

The Bad:

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Scare Tactics from Amazon

Jan
06

I don't know if I ever want to shop from Amazon again. Here's what they're sending by email to all their Associates:

"We regret to inform you that the Illinois state legislature has passed an unconstitutional tax collection scheme that, if signed by Governor Quinn, would leave Amazon.com little choice but to end its relationships with Illinois-based Associates."

In other words, if passed, we'll dump you. Unbelievable.

See complete email after the jump...

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Kill the Bill

Dec
12

So we're 'spose to trade poor people's unemployment insurance for billionaires' tax cuts and be told to come back and fight another day?

That's downright indecent -- if not completely immoral. I say, make it just about UI, period -- in a separate bill.

UPDATE: What Chris Hayes says:

Issue: 
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Wrong-Way Larry

Dec
08

Larry Summers:"If they [Democrats] don't pass this bill in the next couple weeks it will materially increase the risk that the economy would stall out and we would have a double dip."

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David Frum: The Rich Are Different From You Or Me

Nov
27

Isn't David Frum supposed to be one of the better right-wing thinkers? Then how come he's going on MarketPlace to make arguments like this:

Issue: 
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Sham Deficit Hawk Townhall in LA

Jun
27

It seems like every time there's a Democrat in the White House, the so-called Deficit Hawks come out of hibernation and suddenly start demanding we balance the budget. They did this when Clinton was in office and they're doing it again with Obama.

Have a look at this great account with wonderful analysis of a 'townhall' organized by the billionaire corporate front group, The Peterson Foundation in LA.

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