Tag Archives: fiscal cliff
Corporate sponsored loopholes in the “Fiscal Cliff Bill” wipe out revenue from tax increases on the rich. Special interests win again!
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
How big is President Obama’s 2012 tax ask in comparison to other alternatives. Not so big, according to this chart by Ezra Klein.
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
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
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
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
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
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