Bush Tax Cuts
Thursday, December 09, 2010
Read a recap of this conversation at It's A Free Country»»
Tea Partiers are upset with establishment Republicans for striking a deal with the president. Obama called out the liberal Democratic base for criticizing his tax compromise. And in a speech yesterday, Mike Bloomberg attempted to find a common ground between the two sides on economic issues. We want to hear from moderates and convervatives – who is talking to you? What do you make of the tax compromise, Bloomberg’s speech, and more? Solomon Kleinsmith, a centrist independent blogger, provides insight from the perspective of the moderate middle.
Wednesday, December 08, 2010
Tuesday, December 07, 2010
Michael Scherer, White House Correspondent for TIME, and Peter Coy, economics editor at Bloomberg BusinessWeek, discuss the deal struck between Obama and Senate Republicans on extending the Bush Tax Cuts.
Monday, November 15, 2010
The Bush-era tax cuts will be high on the agenda when the lame duck Congress reconvenes today. The cuts are scheduled to expire next year, but Republicans are pushing for the extension of both the "middle class" breaks, as well as those for couples earning more than $250,000 a year. They cite the huge budget deficit and a shaky economy as reasons to keep the cuts. Similar arguments led to prior historic tax cuts, from two politicians of different eras, parties and temperaments: John F. Kennedy and Ronald Reagan.
Wednesday, July 14, 2010
Remember President George W. Bush's tax cuts back in 2001 and 2003, which were met with much hatred by Democrats? Well, those tax cuts are about to expire. However, this is not necessarily good news for Democrats. Takeaway Washington correspondent, Todd Zwillich, sees Democrats somewhere in between a rock and a hard place. They can't easily allow taxes to go back up when the economy is still struggling; at the same time, they can't watch the deficit continue to rise if the cuts stay. To make things more complicated, these tax cut decisions need to be made during an election year.