Monday, December 20, 2010
After Congress passed the tax cut package last week, the price of oil went up — a sign that traders may be counting on higher demand for gasoline, home heating oil and other commodities as the economy recovers. But is spending more money on gas really the way to boost a fragile economy?
Wednesday, December 15, 2010
Congressman Anthony Weiner weighs in on the compromise between President Obama and the Republican leadership on the Bush tax cuts.
Monday, December 13, 2010
Many Congressional Democrats are not happy with President Obama's compromise with Republicans on extending tax cuts. House Democrats showed that by voting not to bring up the tax bill last week. Callie Crossley, host of the Callie Crossley Show on WGBH in Boston, and Charlie Herman, economics editor for The Takeaway and WNYC, look at how the Senate plans to vote today on the bill.
Monday, December 13, 2010
The Senate is scheduled to vote on President Obama's tax cuts bill today, most people are confident it will pass. The real battle will then come as the bill heads to the House, where many Democrats have staked out a clear position against the deal. Some House Democrats support the bill, however, including Rep. Henry Cuellar (D-Texas), who represents the 28th District of Texas. He shares with us his reasons for supporting the bill, and what he thinks is the likelihood of it passing.
Friday, December 10, 2010
By Sitara Nieves : Senior Producer
Are we seeing the start of a Democratic insurrection? Our conversation this morning with Oregon Democrat Rep. Peter DeFazio suggests we are. Here's how he responded to John's question this morning about whether he'd support a Democratic challenge to Obama in 2012: "I'm going to withhold my support until I see who's on the ballot."
Friday, December 10, 2010
House Democrats rebelled Thursday against President Barack Obama's tax cut deal with Republicans, threatening to keep it off the floor. This comes after the House Democratic Caucus met yesterday and approved a motion to reject the provisions of the compromises — most notably the provisions related to the estate tax. Currently the deal struck between the President and Republicans would extend Bush-era tax cuts for the super-rich, and drastically ease the estate tax burden. We speak with the man leading the charge in the House Democratic caucus, Rep. Peter DeFazio (D-Ore.). He also weighs in on whether President Obama can count on his support in 2012.
Tuesday, December 07, 2010
The White House and Senate Republicans reached a tentative agreement yesterday that would see a GOP priority, Bush-era tax cuts extended for rich and poor alike, accepted in return for a Democratic priority: extending unemployment benefits to help keep the economy moving. Takeaway Washington correspondent Todd Zwillich watched the deal in the making.
Monday, December 06, 2010
Will we or will we not see an extension to the Bush-era tax cuts? That is what we’re all waiting to see play out this week. Democrats want to return to Clinton-era taxes on the wealthy, and Republicans are holding out for preserving the status quo. But President Obama and Democrats may be backing off on their stance, as a compromise looks like it could be in the works. The Bush-era cuts would be temporarily extended to everyone, rich and poor, for two years...if unemployment benefits are extended as well.
Monday, November 22, 2010
NYT's David Sanger talks about Korea's new nuclear plant and weighs in on the lame-duck Congress.
Tuesday, September 21, 2010
-Bill Rys, tax counsel for the National Federation of Independent Business on The Brian Lehrer Show
Tuesday, September 14, 2010
Washington correspondent Todd Zwillich breaks down the politics behind the Bush-era tax cuts, made during a time of budget surplus, and the proposals to allow the cuts to expire on individuals making more than $250,000 a year. Are there political agendas here? Also, chief economist for the Concord Coalition, Diane Lim Rogers, discusses the economics of this debate. Will this benefit middle class America and, in turn, stimulate the economy or will it negatively affect small business owners that are in the $250,000 income bracket that will lose their tax break?
We asked our listeners: What does it mean to be rich these days anyway? The tax code says it's $250,000 a year. How much do YOU think you have to earn to be considered rich?
Monday, September 13, 2010
Both the House and Senate head back into session this week, and the decision whether or not to extend the Bush-era tax cuts will be high on the agenda. Takeaway's economics editor Charlie Herman and National Journal managing editor Terence Samuel look at what else Congress has to look forward to
Thursday, September 09, 2010
President Obama spoke to a crowd at the Cuyahoga Community College in Cleveland, Ohio, yesterday. He continued a week of painting the GOP as naysayers and describing his plan to address the ailing economy: tax cuts on those making less than $250,000 a year paid for by closing business tax loopholes, and tax write-offs for businesses' research and development efforts as well as investments in new equipment and jobs. Obama also described the U.S. as having done better under Clinton-era tax rates than those under President Bush's tax cuts.