Democratic Tax Cut Plan Does Expand Middle-Class and Poor Tax Cuts, Paid for By Increases on the Wealthy

By: Tuesday July 24, 2012 2:10 pm

While I’ve gone over how the Democratic and Republican tax plans scheduled to get a vote in the Senate this week are in many ways similar, I did not identify the points of difference, which are substantial in their own way, particularly in the direction that money would flow under the two plans. In particular, as Jonathan Weisman points out today, the Democratic plan picks up four tax breaks that target the lower and middle classes, held over from the stimulus, and extends them, while the Republicans allow them to expire. Overall, the Dem plan shifts tax benefits down, while the GOP plan shifts benefits up to the wealthy.

 

Congress Returns to Cut Safety Net Spending to Save Defense Contractors

By: Monday May 7, 2012 8:50 am

This week House Republicans will try to pass a part of their budget that would substitute cuts for the poor for planned cuts to the military. That certainly sounds like the first order of government – first, do no harm to defense contractors, and be sure to comfort the afflicted with the knowledge that we have more guns and bombs than the rest of the world, rather than actual, you know, comfort.

Santorum’s America: No Birth Control but Lots of Free Money for Babies

By: Tuesday January 3, 2012 4:15 pm

With Rick Santorum poised to do well in Iowa today and perhaps play at least a barely-plausible role as an anti-Romney challenger for the GOP nomination, it’s worth looking for a moment at his priorities. He wants expanded credits to encourage more kids, and he wants states to ban contraceptives. As Paul says, he’s the liberal.

The Tax Cut Deal Through the Lens of Class

By: Monday December 13, 2010 8:06 am

Washington exists to pay off the rich so we can give a crumb to everyone else. It’s a model of a government captured by oligarchs.

In Tax Deal with GOP, Obama Didn’t Win as Many Concessions as Advertised

By: Friday December 10, 2010 2:15 pm

President Obama seems remarkably proud of himself for the many “concessions” he won from Sen. Mitch McConnell (R-KY) as part of their deal to extend all the Bush tax cuts for two years. Yet, it seems almost all of the “concessions” Obama claims to have won were ideas actually promoted by Republicans. The amount of money allocated for things Obama wanted that didn’t have bipartisan support is much smaller.

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