While they weren’t willing to discuss specifics, clearly something had changed when President Obama and Republic and Democratic Congressional leaders emerged from their preliminary negotiations to avert the doomsday “fiscal cliff” of tax hikes and spending cuts that observers believe would devastate the economy. The two sides were sharing playful banter and everyone seemed equally [...]
In 1st Meeting, Obama and GOP Leaders Talk ‘Compromise’ to Avoid Fiscal Cliff
November 16, 2012 | Posted by
Fiscal Cliff: Economic Disaster Awaits if Obama and Congress Fail to Compromise
November 11, 2012 | Posted by
As the nation settles back down to a sense of post-election normalcy, Washington is facing a potential fiscal disaster, ominously called the “fiscal cliff,” that is a result of the failure of Republicans and the White House to come to agreement on a solution to the nation’s economic and tax woes. The potential tsunami that [...]
Now Re-Elected, Obama Will Have an Easy Time Making Major Changes
November 9, 2012 | Posted by
In some ways, the hardest thing President Obama had to do was get reelected. Ezra Klein, a business columnist for The Washington Post, wrote Wednesday that “President Obama’s reelection, ironically, isn’t about hope and change. The hope is largely gone, but the changes are already happening.” Klein pointed out that health care reform had passed [...]
The Bush Tax Cuts: What Are They — Part 2
October 8, 2012 | Posted by
The Bush Tax Cuts: What are They? (Part 1 of 2), defined several Bush tax cuts that are set to expire at year end. They include a federal tax rates increase, an increase in capital gains or qualified dividends, and a lowered maximum for estate and gift tax exclusions. So, how will the potential expiration [...]
John Boehner: No Cooperation With Obama in A Second Term
September 21, 2012 | Posted by
House Speaker John Boehner (R-Ohio) has made an apparent pledge to non-cooperation should President Barack Obama be elected in November’s elections. Throughout the president’s first term in office, Congress’s Republican majority has fought to maintain strict boundaries on tax and budget issues, a policy that Boehner hopes to preserve regardless of who is chosen as [...]
The Bush Tax Cuts: What are They?
September 19, 2012 | Posted by
During this political season, a great deal of attention is being paid to taxes and how they affect the American people. Well what exactly are they referring to? Are 100 million Americans about to fall off a fiscal cliff? A big component of the discussion are the Bush tax cuts, which are set to expire [...]
Americans Agree with Obama: Raise Taxes on the Wealthy
July 17, 2012 | Posted by
By a significant majority, according to a new poll, Americans have bought the idea that President Obama has been selling for months—namely, that raising taxes on Americans with incomes over $250,000 will help the economy and make the tax system more fair. According to the poll by the Pew Research Center, 44 percent of Americans [...]
As Obama and GOP Debate Bush Tax Cuts, Taxes Have Little Effect on Economy
July 9, 2012 | Posted by
President Obama threw down the tax gauntlet to Republican opponents Monday by calling on Congress to approve a one-year extension of the Bush-era tax cuts for Americans earning less than $250,000 a year. “We don’t need more top-down economics. We tried that theory … we can’t afford to go back to it,” Obama said. “That’s [...]
