Within president Obama’s $447 billion jobs bill he announced Thursday in an address to a joint session of Congress, some $55 billion would go directly to K-12 educators and renovations to nearly 35,000 schools.
The speech has won plaudits from labor groups and most of the Democratic base for its More…
When President Barack Obama addresses the nation and a joint session of Congress to unveil steps for job creation and the economy, there’s only one thing he needs to remember: go big. That’s the advice of U.S. Sen. Tom Harkin and former U.S. Labor Secretary Robert Reich.
The Washington Post reports that its most recent joint poll with ABC News found that nearly two-thirds of respondents support a combination of raising taxes and cutting federal spending in order to tackle the deficit. Less than a third of those polled said that the government should cut spending alone More…
Mother Jones is running a series of infographics in its most recent issue that follow income trends in the U.S. Among other findings, they show that the top .01 percent of Americans make 875 times what the bottom 90 percent make, and that the rich have gotten richer and More…
Mike Konczal, a writer for the Atlantic, makes a very prescient statement on his blog about the difficult time the unemployed have had in getting their interests taken as seriously as the interests of the wealthy and powerful:
We just had to bribe the top 3% with massive tax
Republicans are increasingly divided on the deal to extend the Bush tax cuts that was hammered out by the Obama administration and the Republican Congressional leadership. Potential 2012 Republican presidential candidate Mitt Romney urged Congress to vote against the bill in an op-ed published Tuesday in USA Today.
The More…
Sen. Bernie Sanders (I-Vt.) is mounting a filibuster in the U.S. Senate right now against the Bush tax cuts deal brokered by President Obama and congressional Republicans. He has been speaking since 10:25 a.m. EST against the tax cuts for the wealthy and corporations, and his office writes that More…
The tax cuts compromise brokered by President Obama and congressional Republicans will cost more than the 2009 economic stimulus, according to estimates from the Congressional Budget Office.
The CBO expects the tax cuts deal to cost $858 billion over 10 years, while the American Reinvestment and Recovery Act More…
Democrats in Washington are catching on to the idea that they can’t capitulate to an extension of Bush-era tax rates for the rich without at least demanding something in return, and an extension of federal unemployment benefits, set to expire at the end of the month, is increasingly looking like More…
A lot of hubbub this morning surrounding a Huffington Post article that suggested the White House was willing to cave on its position of permanently extending tax cuts for most Americans while only temporarily extending those for the upper two percent and instead accept the idea of a temporary More…
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