Last month, Sen. Mitch McConnell (R-Ky.) made a rather remarkable statement about the trillion-dollar Bush tax cuts, arguing, here’s no evidence whatsoever
Last month, Sen. Mitch McConnell (R-Ky.) made a rather remarkable statement about the trillion-dollar Bush tax cuts, arguing, “[T]here’s no evidence whatsoever that the Bush tax cuts actually diminished revenue. They increased revenue, because of the vibrancy of these tax cuts in the economy.”
That is demonstrably false, a point Rep. Eric Cantor (R-Va.), the minority whip, noted today: “[I]f you have less revenues coming into the federal government, and more expenditures, what does that add up to? Certainly you’re gonna dig the hole deeper. But you also have to understand, if the priority is to get people back to work, is to start growing this economy again, uh, then you don’t wanna make it more expensive for job creators.”
Nevertheless, the GOP has argued that tax cuts do not need to be paid for, because they are stimulative, again, a mathematically indefensible proposition even in the minds of conservative economists — as Congress prepares to negotiate how to extend some or all of the Bush tax cuts, which expire on Jan. 1. But thankfully most Americans understand the basic checkbook-keeping here. Andrew Therriault notes:
Pew did a national poll which found that only 30 percent of respondents wanted to extend all of the Bush tax cuts, while 27 percent wanted to repeal them for the wealthiest taxpayers, and the plurality (31 percent) wanted to repeal ALL of the tax cuts (including, presumably, the ones which affect the respondents themselves!).
This is pretty amazing. We could argue to no end about the reasonableness of (effectively) raising taxes during a recession, but that’s not the point. Nor are the exact numbers themselves gospel — I imagine more than a few respondents are reacting to the “Bush” part of “Bush tax cuts,” and the option of sticking it to the unspecified “wealthy” does summon the populist rage in a bipartisan fashion. What’s really important here is that, while Democratic lawmakers are clamoring to get on the tax cut bandwagon (or off of the tax increase bandwagon, if you’re thinking about attack ads), Americans appear willing to have a reasonable conversation about taxes — that is, one in which raising taxes is at least on the table.
$1.89 billion given to states to fight HIV
The federal government Monday announced more than $1.89 billion in funding to states to fight the HIV epidemic with access to care and with more cash for the failing AIDS Drug Assistance Program. According to an HHS press release , $813 million of that money will go directly to the ADAP programming. An additional $8,386,340 will be issued as a supplement to 36 states and territories currently facing a litany of unmet needs and access issues.
Army Data Shows Constraints on Troop Increase Potential
If President Obama orders an additional 30,000 to 40,000 troops to Afghanistan, he will be deploying practically every available U.S. Army brigade to war, leaving few units in reserve in case of an unforeseen emergency and further stressing a force that has seen repeated combat deployments since 2002.
1. Brian Schweitzer
As governor of Montana, Schweitzer doesn’t represent one of the most highly populated, high-profile electoral states in the country. But this
$1.3 Million for Brown
The GOP’s candidate in the Massachusetts special election raised more than one million dollars -- double the goal -- in a 24-hour moneybomb on the Ron Paul
$1.3 trillion in federal spending unaccounted for, report finds
Despite calls for independent bodies to keep government accountable, the Sunlight Foundation’s most recent Clearspending report has found the federal
#1 in Conspiracy Theories
Andrew Young’s tell-all biography of John Edwards, hitting shelves next week, is surging in one Amazon.com category in particular. #1 in Conspiracy
1 Brigade and 1 Battalion
ISTANBUL – It’s 10 p.m. in the lowest level of the Istanbul airport. In 20 minutes I’ll be allowed to board my plane to Kabul, bringing me to the
$1 Million for Toomey
Pat Toomey, the former Club for Growth president and leading Republican candidate in Pennsylvania’s 2010 Senate race, has announced a $1 million haul in the
1. Lindsey Graham
Sen. Graham (R-S.C.) is typically regarded as a reliable vote for his party, but he took the bold step of breaking with his fellow Republicans to join Kerry
Bachmann uncomfortable over earmarks ban
Republicans appear to have boxed themselves into a corner with their portrayal of earmarks as wasteful spending, as many of them have backed a moratorium on
Troubled mine holds hope for U.S. rare earth industry
China currently controls 97 percent of the world’s rare earth production. The Mountain Pass Mine could change that -- if it can overcome serious environmental concerns.