"Words that make actions speak louder."
Key voices on Capitol Hill today echoed the message that underwater homeowners need the principal on their mortgages reduced, and that the government official responsible for keeping that from happening should either change his position or step down from his post.
The House of Representatives this afternoon scheduled a vote on a three-month, stopgap transportation funding bill, as conservatives struggle to decide what sort of long-term transportation plan it is willing to put on the House floor for a vote.
House Republicans can call their budget a “Path to Prosperity” all they want, but as far as the American Majority is concerned, it’s a path to political defeat for the politicians who support it—if progressives make the right arguments in favor of an alternative that grows the economy and protects the middle class.
This past weekend, tens of thousands of people participated in what amounted to the largest effort to train progressives in nonviolent direct action in recent history.
The Senate is scheduled today to vote on Sen. Sheldon Whitehouse’s “Paying a Fair Share Act of 2012,” which seeks to enshrine into law the “Buffett Rule” that millionaires and billionaires should not be paying taxes at a lower rate than the people who work for them.
This will make you long for the mythical days of “liberal media bias.”
A news story in The Washington Post this morning bashes the current debate around the Buffett rule in a classic case of conservative media bias.
It is no surprise that the 2013 federal budget proposal that President Obama released today is deemed “dead on arrival” in Congress. Most White House budget proposals are.
Later this week on the floor of the House of Representatives, several federal budget proposals embodying different approaches to our country’s economic challenges will compete for attention.
You know the KISS rule: “Keep It Simple, Stupid.”
When it comes to taxing wealth vs. taxing work, what’s become known as the “Buffett Rule” is an elegant example of the KISS principle at work. Income is income. It should be taxed at the same rate, whether you’ve earned it by trading stocks or by being the janitor at the stock-trading office.
President Obama said on Monday that his proposal would bring taxes for millionaires in line with those paid by the middle class. This “is not class warfare; it’s math,” he stated. But he could have easily been referring to math that hasn’t favored working-class and middle-class households for most of the past 30 years.