By James Kwak Peter Orszag wrote an article for the latest Democracy** about political dysfunction and the “looming fiscal showdown” at the end of this year. A lot of it is a warmed-over description of political polarization, although Orszag ignores … Continue reading →
Tag Archive for Payroll Tax
Bruce Krasting, Contributors- Economic and Financial, Must Read
CBO Solution to Budget Crisis – Everyone Bend Over!
by Bruce Krasting • • 0 Comments
I look at the political landscape and conclude that we’ve got more of the same in front of us. I think Obama will win, and the Republicans will control the legislative side. For the sake of this discussion, assume that is how it works out.
As of …
Bears Chat, Best of the Forums, Must Read
Signs Point to Economy’s Rise, but Experts See a False Dawn
by Bears Chat at The Wall Street Examiner • • 0 Comments
December 21, 2011
Signs Point to Economy’s Rise, but Experts See a False Dawn
By ANNIE LOWREY
WASHINGTON — As the fourth quarter draws to a close, a spate of unexpectedly good economic data suggests that it will have some of the fastest and stro…
Bears Chat, Best of the Forums, Must Read
"We Own Wall Street"
by Bears Chat at The Wall Street Examiner • • 0 Comments
As the year ends, American politics remains mired in the agenda of the right. The House is, at least momentarily, refusing to extend the payroll tax cut and unemployment benefits—two policies genuinely beneficial to the middle class. And the presi…
Bears Chat, Best of the Forums, Must Read
Wait, Why are Republicans Against the Payroll Tax Cut Again?
by Bears Chat at The Wall Street Examiner • • 0 Comments
The Republicans are doing everything they can to block the extension of the payroll tax cut (or are at least holding out for a big gift in return).
But wait. Why?
We thought the Republicans loved tax cuts.
Read more: http://www.businessi…2#ixzz1…
Bears Chat, Best of the Forums, Must Read
Raising Taxes on the Rich: Not Whether But How
by Bears Chat at The Wall Street Examiner • • 0 Comments
Bruce Bartlett held senior policy roles in the Reagan and George H.W. Bush administrations and served on the staffs of Representatives Jack Kemp and Ron Paul. He is the author of the forthcoming book “The Benefit and the Burden.”
Last week, th…
Bears Chat, Best of the Forums
Instant view: Obama proposes $447 billion plan to boost economy
by Bears Chat at The Wall Street Examiner • • 0 Comments
Instant view: Obama proposes $447 billion plan to boost economy
On Thursday September 8, 2011, 7:44 pm
NEW YORK (Reuters) – President Barack Obama proposed a $447 billion jobs package on Thursday to help boost the U.S. economy, challenging Congress t…
Bears Chat, Best of the Forums
The New Resentment of the Poor
by Bears Chat at The Wall Street Examiner • • 0 Comments
August 30, 2011
The New Resentment of the Poor
In a decade of frenzied tax-cutting for the rich, the Republican Party just happened to lower tax rates for the poor, as well. Now several of the party’s most prominent presidential candidates and lawma…
Bears Chat, Best of the Forums
The REAL reason the S&P downgrade is a disaster for the economy
by Bears Chat at The Wall Street Examiner • • 0 Comments
There’s already been a bevy of analysts coming out with their forecasts on what the S&P downgrade means for the economy, what it will do to interest rates, other financial institutions, junk borrowers, and other entities somehow connected to the US …
Bears Chat, Best of the Forums
Larry Summers: Duh, We Need More Stimulus!
by Bears Chat at The Wall Street Examiner • • 0 Comments
The U.S. economy is half way to a lost decade because demand is in decline and we’re not doing enough to revive it, according to Larry Summers writing for Reuters. It’s the lack of demand, he argues, that’s caused growth to slow to a crawl pace of 1% o…
