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Tag Archives: fiscal cliff
Loopholes in Fiscal Cliff Bill Wipe Out Revenue from Taxes on the Rich
Corporate sponsored loopholes in the “Fiscal Cliff Bill” wipe out revenue from tax increases on the rich. Special interests win again!
Twenty Thoughts on the Fiscal Cliff
Some random thoughts on the “fiscal cliff”: 1. Something is wrong when the top 1% owns 42% of the wealth. No group is that smart, works that hard or has taken that much risk to enjoy 42% of American wealth. … Continue reading
Posted in Uncategorized
Tagged budget, Bush tax cuts, debt, deficit-reduction, economic growth, economy, fiscal cliff, fiscal policy, marginal tax rates, sequestration
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Obama’s 2012 Tax Ask in Comparison to Other Alternatives
How big is President Obama’s 2012 tax ask in comparison to other alternatives. Not so big, according to this chart by Ezra Klein.
Posted in Economy, Government, Taxes
Tagged Domenici-Rivlin, economic growth, fiscal cliff, Obama, Simpson-Bowles, taxes
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11 Shocking, True Facts about Simpson-Bowles
Via the Wonkblog: 1) Simpson-Bowles ends the the Bush tax cuts for income over $250,000. And note that they do that before they reform the tax code. The expiration of the tax cuts is built into their baseline. That way, … Continue reading
Posted in Economy, Government, Income Distribution, Socio-economic Status, Taxes
Tagged debt, deficit, economy, fiscal cliff, government, sequestration, Simpson-Bowles, Social Security, spending, taxes
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Believe It? The Deficit has Fallen Faster in Past Three Years than any Period of Time Since Demobilization of WWII
The federal deficit has fallen faster than any period of time since the demobilization from World War II, according to the Office of Management and Budget. According to Investor’s Business Daily, “From fiscal 2009 to fiscal 2012, the deficit shrank 3.1 percentage … Continue reading
Posted in Economy, Government, Taxes
Tagged Afghanistan, deficit, economic growth, economy, expenditures, Fannie Mae, fiscal cliff, Freddie Mac, Iraq, jobless, Medicaid, military, recession, revenue, sequestration, stimulus, TARP, taxes
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The Fiscal Cliff: How Much Deficit Reduction is Needed?
Given the emerging fiscal cliff, how much does the federal government need to do to reduce the deficit to stabilize the debt-to-GDP ratio? Conventional wisdom in Washington suggests in order to get the US fiscal house in order we need … Continue reading
Posted in Economy, Government
Tagged debt, debt-to-GDP ratio, deficit, deficits, economy, fiscal cliff, GDP, government, recession, spending cuts, stabilization, tax increases
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57% of Small Business Owners: Raising Taxes on Wealthy Would do Less Harm to the Economy than Spending Cuts to Education, Healthcare and Infrastructure
The Small Business Majority’s recent opinion poll debunks some politicians statements that begin with “Small businesses believe…”. For example, by a margin of 2:1 owners say spending cuts for education, healthcare and infrastructure will hurt the economy more than raising … Continue reading
Posted in Economy, Government, Health, Higher Education, Secondary Education, Socio-economic Status, Taxes
Tagged education, fiscal cliff, healthcare, infrastructure, job training, poll, small business, WIA
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Effects of the Fiscal Cliff on Secondary and Post-Secondary Education
I. Effect of Fiscal Cliff on Secondary Education Via Huffington Post Three federal programs critical to education — Title I funds for poor students, state grants for special education and the Head Start public pre-school program — would lose $2.7 … Continue reading
Posted in Economy, Government, Higher Education, Inequality, Poverty, Secondary Education, Socio-economic Status
Tagged economy, fiscal cliff, Head Start, higher education, Pell grants, school districts, secondary education, SEOG, sequestration, socio-economic status, special education, Stafford loans, tax credits, Title I
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The Economic Effect of Letting Bush Tax Breaks for the Wealthy Expire
One of the most contentious issues facing the nation is developing a plan to avoid going over the fiscal cliff. Obama desires to let all of the Bush tax cuts expire except for those who make more than $250,000 a … Continue reading
Posted in Economy, Government, Income Distribution, Inequality, Socio-economic Status, Taxes, Wealth
Tagged budget, Bush tax cuts, debt, deficit-reduction, economic growth, economy, employment, fiscal cliff, fiscal policy, GDP, income distribution, inequality, job creation, jobs, marginal tax rates, monetary policy, Reagan, regressive tax cuts, sequestration, socio-economic status, supply side, tax cuts, tax deductions, trickle-down, trickle-down economics
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Without “Fiscal Cliff” Cuts, Domestic Spending is Already Projected to Decrease
The so-called “fiscal cliff,” actually more of a slope than a cliff, is receiving a great deal of political and economic attention now that the election is over. Here’s some context for the discussion that hasn’t received appropriate discussion. The … Continue reading
Posted in Economy, Government
Tagged discretionary spending, domestic spending, economy, fiscal cliff, fiscal policy, sequestration
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