With conservatives screaming from the rafters about the elimination of a business tax deduction for retiree benefits in the Democrats’ health reform law, The New York Times responds today with a pretty convincing argument for why the change makes sense.
First, here’s how the 2003 Medicare More…
In a call with reporters this morning, Office of Management and Budget Director Peter Orszag conceded that cap-and-trade climate legislation would not be included in the federal budget, after congressional Democrats made cuts to the president’s budget proposal yesterday.
Orszag noted, however, that the Making Work Pay tax credit More…
An editorial in today’s Wall Street Journal attacks President Obama’s cap-and-trade plan to curb carbon emissions as a “regressive” policy:
Hit hardest would be the “95% of working families” Mr. Obama keeps mentioning, usually omitting that his no-new-taxes pledge comes with the caveat “unless you use energy.” Putting a
Either it was very timely or very untimely.
This afternoon, we ran a story on a controversial provision in the Senate stimulus bill providing a $15,000 tax credit for homebuyers. No more than 25 minutes after we published, congressional leaders announced that the differences between the House and Senate More…
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