President Obama did a very good thing here. He and his team deserve great credit for this move.
|By: Jon Walker Thursday January 3, 2013 7:43 am|
Any specialist in conflict management will tell you that a good compromise is one that all sides involved are reasonably happy with. A deal that all sides are unhappy with is considered one of the worst possible resolutions to a problem. It gives all parties an incentive to break the deal later and can make it hard to get compromises in the future.
|By: Jane Hamsher Tuesday January 1, 2013 5:05 am|
There is some joy to be taken in the fact that nobody was able to harpoon the elusive white whale of Social Security, Medicare and Medicaid, and that somewhere Pete Peterson weeps.
But we are, as the HuffPo notes, in a permanent state of “cliff crisis” now. Timothy Geithner says the debt limit has once again been reached, and Peterson can take solace in the fact that Obama’s resolve not to negotiate with Republicans over the debt ceiling is indeed just as strong as his commitment not to negotiate over taxes for the rich.
|By: DSWright Monday December 31, 2012 10:15 am|
The proposal in the works would raise the tax rates on family income over $450,000 to 39.6 percent, the same level as under former President Bill Clinton. Also, estates would be taxed at 40 percent after the first $5 million, up from 35 percent to 40 percent. Unemployment benefits would be extended for one year.
|By: David Dayen Wednesday June 22, 2011 6:49 am|
The Senate Democratic leadership – all of them, Harry Reid, Chuck Schumer, Dick Durbin, Patty Murray, Debbie Stabenow and Mark Begich – planned a morning press conference today where they will call for job creation measures, or stimulus, to be included in any debt limit deal.