Former President George W. Bush’s tax cuts expire in January, and Democrats and Republicans both have committed to extending some, if not all, of the cuts. Obama and the Democrats are behind keeping cuts that benefit middle class families — they want to reduce taxes for families making less More…
This morning, Federal Reserve Chairman Ben Bernanke is testifying before the House Committee on the Budget about the current economic situation and the federal budget.
These are contentious times when it comes to the relative importance of debts and deficit-spending. Hawks — and the American public — are deeply worried More…
This morning, President Barack Obama addressed today’s positive jobs report and indicated that while the recovery is real, it remains fragile. In the statement, he addressed two weaknesses in the employment picture: small businesses, for whom credit remains frozen and which have not picked up hiring, and More…
In 2007, under the stewardship of Republican Gov. Linda Lingle, Hawaii reduced the unemployment tax rate on employers under the guise of encouraging job growth — despite the fact that, at the time, Hawaii’s unemployment rate was 3.1 percent.
Now that the unemployment rate is 6.9 percent, and More…
President Obama made headlines last month when he announced a budget wishlist eliminating a number of budget gimmicks used by Washington policymakers to, in effect, purposefully lie to the country about how much the government will collect and spend.
Breaking from previous administrations, Obama’s budget acknowledged that fighting the More…
Senate Minority Leader Mitch McConnell (R-Ky.) is scheduled to hold a press conference today to decry the Democrats’ stimulus package “and the trillions of dollars being added to an already $10 trillion debt,” as his statement puts it.
This is an old argument, of course. The GOP has long-fancied itself More…
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