Chuck Schumer, obviously running point for Senate Democrats on fiscal slope negotiations, claims that a chastened GOP will be willing to deal. But the only party who has made any concessions on a deal has been Chuck Schumer, floating an extension of current tax rates for upper-income earners, accompanying a limit on deductions.
|By: David Dayen Friday November 9, 2012 7:47 am|
|By: David Dayen Friday November 9, 2012 6:30 am|
It’s just a few days out from a national election, the spotlight is more closely affixed on Washington, and everyone is on their best behavior. That’s the best reading of several comments made over the last 48 hours, designed to get the media to believe that we’ve entered a new era of bipartisanship, and more importantly gain the moral high ground for the battles that are sure to come.
|By: David Dayen Thursday November 8, 2012 12:59 pm|
Harry Reid said brusquely “We’re not going to mess with Social Security.” Chuck Schumer agreed with him, though his comment included a heavy amount of wiggle room.
|By: David Dayen Thursday November 1, 2012 2:43 pm|
Senate Democrats have liberated a report from the Congressional Research Service which Senate Republicans successfully got the nonpartisan research arm of Congress to retract. The report argued that there is no evidence that tax cuts for high-income earners boosts economic growth, which Republicans didn’t want out in the public sphere.
|By: David Dayen Thursday October 18, 2012 6:45 am|
White House officials reiterated a vow made in the past about the fiscal cliff, but in much stronger terms, saying that President Obama would veto any bill related to extending or offsetting the expiring fiscal measures if it didn’t include allowing the top two marginal tax rates, over $250,000 of income, to return to 36% and 39.6%.
If this threat were designed for the campaign, you’d think the President would have said it in front of the cameras when 67 million people watched the last debate. He has been consistent in saying that he would not extend the Bush-era tax cuts over $250,000. This is among the first times his Administration has said they would veto anything without that increase in tax rates.
|By: David Dayen Thursday October 11, 2012 11:27 am|
We now know where Harry Reid stands in the great divide between base-broadening, rate-lowering “tax reform” and the Chuck Schumer approach, which rejects lowering rates as a trap. As I fully expected, Reid sided with Schumer.
|By: David Dayen Tuesday October 9, 2012 12:50 pm|
Schumer, who has been at the forefront of defending the carried interest loophole, actually sacrifices it in this speech – at least some of it, in the interest of getting half a loaf over none at all.
|By: David Dayen Tuesday October 9, 2012 12:10 pm|
Chuck Schumer, the third-ranking Democrat in the Senate and basically the avatar of the Democratic messaging operation, just gave a speech to the National Press Club about the expectations for tax policy in the lame duck session. And he basically rejected the emerging bipartisan approach to lower tax rates and “broaden the base” by closing loopholes.
|By: David Dayen Thursday September 20, 2012 1:20 pm|
In one of their last acts before going home to campaign, House Republicans will pass a bill today that would increase the level of high-skill immigrants allowed to stay in the country. It would expand by 55,000 the visas granted to foreign graduates of US colleges and universities in what are known as the STEM disciplines: science, technology, engineering and math. This fits with a key part of Mitt Romney’s immigration agenda, which he expressed in a roundtable on Univision last night. He said that any diploma to a foreign student for a high-skill field like this “should come with a green card.”
However, the Republican bill, authored by House Judiciary Committee Chairman Lamar Smith, would not create one new net immigration visa.
|By: David Dayen Friday August 31, 2012 2:56 pm|
The only real notable element of Mitt Romney’s post-convention performance today was that he accidentally referred to the United States as a company, i.e. a person. But in anticipation of his visit to the Gulf Coast for some photo-ops with victims of Hurricane Isaac, Senate Democrats are using unusual vigor to hold House Republicans, mainly Vice Presidential nominee Paul Ryan, accountable for the near-denial of disaster relief funds that will be put to use in the aftermath of the storm.