Republican Freshman Calls for Millionaire’s Surtax

By: Thursday March 15, 2012 7:45 am

Breaking a united front in the Republican Party that goes back a number of years, freshman GOP Congressman Rick Crawford (R-AR) will unveil a millionaire’s surtax proposal today.

The Grover Norquist excommunication ceremony is scheduled for Tuesday.


FDL Book Salon Welcomes Bruce Bartlett, The Benefit and The Burden: Tax Reform-Why We Need It and What It Will Take

By: Sunday January 29, 2012 1:59 pm

The Benefit and the Burden begins with a short history of American taxation and a description of the core issues in the definition of income. It follows with some discussion of the principal economic arguments that have flowed around the relationship between taxes, growth and fairness, and then proceeds to examine the issues surrounding preferences in our tax code – for housing, for charitable contributions, for capital gains, and the problem of taxing corporate profits. It ends with a discussion of reform proposals, and Bruce makes his case for a VAT to close the revenue gap and fund the government that we will need, among other things, to support an increasingly elderly population.

Late Night FDL: Crime and Punishment, by Grover Norquist

By: Friday January 27, 2012 8:00 pm

When you have the kind of power Grover Norquist has held — namely, decades of unquestioned dictatorial control over the Republican Party as its grand ayatollah of anti-tax orthodoxy — it’s easy for a wee bit of hubris to creep into your thinking. The result is the occasional burst of excessive honesty, as exemplified by [...]

Payroll Tax Cut Big Question Mark as Congress Returns

By: Monday November 28, 2011 10:30 am

The main way that the US can insulate itself from the crisis in Europe is through continuing the fiscal state of emergency in the country, as the only ballast for growth. Unfortunately, we have a dysfunctional Congress, so the only way to realistically do this is to not slip backwards and turn fiscal policy negative by allowing several measures to expire at the end of 2012.

Most Think Super Committee Will Fail

By: Saturday November 5, 2011 6:00 pm

The American people overwhelmingly think the Super Committee will fail to reach a deal on the deficit. According to Quinnipiac polling, an overwhelming 67 percent think the Super Committee will fail to come up with a plan, while only 27 percent think it is likely that they will.

Sunday Late Night: “XIV/4 or Bust!”

By: Sunday July 31, 2011 8:01 pm

There is now a deal, and Speaker Boehner needs Democratic votes to pass it because of his unruly and recalcitrant TeaParty membership, members of the Progressive Caucus must stop the deal. By stopping the deal at the last minute, the House Progressive Caucus forces President Obama to use his constitutional authority to ignore an illegal law that questions America’s public debt: the debt ceiling.

Kill the deal. Fourteen-four or Bust!

Reid Confirms $2.7 Trillion All-Cuts Debt Limit Deal

By: Monday July 25, 2011 6:36 am

Harry Reid is working on a debt limit proposal that would satisfy two key Republican demands. It would sustain the dollar-for-dollar relationship between spending cuts and an increase in the debt limit, and it would not include any revenue increases.

Debt Deal: Both Sides Included Late-Stage Changes

By: Saturday July 23, 2011 11:00 am

This gamesmanship at the end of the process blew up what would have been a substantial deal, with well over $3 trillion in spending solutions, more like $4 trillion if you include the foregone debt payments that would result. And yes, the accounting gimmick on the wars in Afghanistan and Iraq accounts for a full trillion dollars.

Norquist: Letting Bush Tax Cuts Expire Not a Violation of Anti-Tax Pledge

By: Thursday July 21, 2011 8:40 am

I find this almost unbelievable, and I expect a walkback anytime now, but Grover Norquist told the Washington Post editorial board today that letting the Bush tax cuts expire would not constitute a tax increase for the purposes of his anti-tax pledge.

Obstacles Exist for Budget “Grand Bargain”

By: Tuesday May 24, 2011 9:14 am

Democrats who save the Republicans’ bacon by approving a budget deal that includes anything that can be credibly described as Medicare cuts will be tarred by the electorate.

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