Republicans and Obama Raised Taxes on Poor

It totally missed this item last December when the tax "compromise" between Obama and the Republicans in Congress was passed. ¬†Since the Obama tax cuts from 2009 did not survive the compromise, only the Bush cuts for the upper brackets did, taxes were effectively raised on the poorest 51 million Americans. ¬†Even though the payroll … Continue reading Republicans and Obama Raised Taxes on Poor

How Economic Policy is Made by Congress (worse than sausage making)

From CalculatedRisk on 3/15/2010. Home Builders $2.3 Billion "Gift" from Taxpayers Last year, included in the "Worker, Homeownership and Business Assistance Act of 2009" that extended the popular unemployment benefits were two unpopular and ineffective tax credits: the home buyer tax credit, and a net operating loss carryback extension to allow businesses to write off … Continue reading How Economic Policy is Made by Congress (worse than sausage making)