Colo. tax hikes proposed by University of Denver researchers fall short of neighboring states’ current rates

News outlets in Colorado reported last week that researchers at the University of Denver recommended tax hikes to fill yawning future budget gaps. In fact, the researchers made no recommendations. What they did was offer two scenarios for public consideration by which the state could meet its More…

Geithner: Taxes on Wealthy to Rise

Yesterday, Treasury Secretary Timothy Geithner confirmed a well-known fact: The Obama administration and many congressional Democrats are in agreement that the bulk of the Bush tax cuts need to be kept in place, to keep the tax burden on middle-class families low. But to close the deficit, taxes need More…

Congress Debates Letting Taxes Rise for the Rich

I have already seen a few emails and advisories going around, blaring that “Democrats are planning massive tax hikes for Jan. 1!” The Chamber of Commerce, for one, made the case yesterday. But it’s not really true. The Bush-era tax cuts are due to expire on Jan. 1. If More…

Cantor Not Alone in Call for 5 Percent Jobless Ceiling on Tax Hikes

Earlier this week, Rep. Brad Sherman (D-Calif.) told Fox News that he doesn’t support a tax hike to pay for the Afghanistan war until the nation’s jobless rate drops below 5 percent.

I think we should pay for this war, but we should pay for it after the

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Larson: In Defense of That War Surtax

Republicans are fuming at the thought, and some Democrats say it can’t pass in this stormy economic climate, but Rep. John Larson (D-Conn.) today told CNN that a proposed war surtax is simply the fiscally responsible way to share the sacrifice of the country’s ongoing wars. More…

The Year of the Moderate, Part II

As House Democrats move forward with their health care overhaul, 22 Democrats — 21 of them freshmen members — have announced their opposition to the upper-income tax hikes party leaders hope will fund the proposal, The Hill reported today.

That strategy, the Democrats wrote in More…

Gregg: Tax the Rich to Pay for Health Reform

Sen. Judd Gregg of New Hampshire, the senior Republican on the Senate Budget Committee, is well known on Capitol Hill for his harsh criticisms of anything tax-hike related, including the possibility that Democrats would allow expiration of the Bush-era tax cuts on the nation’s wealthiest people. Yet here’s Gregg today More…