January 29, 2012 |
THE REPUBLICAN presidential candidates claim to abhor debt, yet propose tax cuts that would add trillions more. Yes, trillions. The case for continuing the George W. Bush tax cuts, at a cost of $3.7 trillion over 10 years (including interest), is shaky enough. The cuts for the wealthy alone, which President Obama would end, would cost with interest about $1 trillion over the next decade. But the GOP candidates want to continue all those cuts — and add many more, the vast bulk of which would again go to the wealthiest taxpayers.
April 26, 2009
THE LOOMING expiration of the Bush tax cuts offers an opportunity that the Obama administration and the Democratic Congress seem determined to squander. No one is proposing allowing all the tax cuts to expire as scheduled, on Dec. 31, 2010, nor should they. But a rational discussion of tax policy would include thoughtfully weighing which tax cuts to keep in place, which ones to pay for and perhaps even which taxes to increase. It may not surprise you to learn that this not happening.
December 29, 2008 |
HONOLULU, Dec. 28 -- President-elect Barack Obama's economic stimulus plan will include an immediate tax cut for middle-class families, and the incoming administration hopes to enact permanent tax cuts soon thereafter, a senior adviser to Obama said Sunday. David Axelrod said the stimulus package will be implemented soon, given the worsening economy, and could cost $675 billion to $775 billion. The massive recovery plan will seek to create or save 3 million jobs, he said in appearances Sunday on NBC's "Meet the Press" and CBS's "Face the Nation.
January 14, 2009 |
Editor's note: We bring you this column as part of our RePosted feature, where we dig through our archives to find opinion pieces that shed light on current events. This column was originally published on March 25, 2003. Do the leaders of Congress really want to make their branch of government look foolish? The attention of Americans is focused on the war in Iraq -- the successes, the sacrifices, the capture of American fighting men and women, the march on Baghdad. Congressional leaders should not exploit this moment...
June 7, 2012 |
The Obama campaign's attack ad about Bain Capital presented a simplistic picture of a complicated reality. Private-equity firms can play a crucial role in keeping companies competitive. And although some firms have engaged in some bad practices, on the whole the industry has grown so large because it performs a useful function. But the worst part about the ad was that it had little to do with America's challenges or Obama's policies. By contrast, Mitt Romney's first major ad is substantive — and wrong.
April 2, 2009
AT A TIME of soaring deficits and growing needs, the Senate is weighing whether the wealthiest of wealthy Americans should get a tax break worth some $250 billion over 10 years. The Senate today could take up an amendment to the budget resolution proposed by Sens. Blanche Lincoln (D-Ark.) and Jon Kyl (R-Ariz.) that would shield the first $10 million of estates from taxation and lower to 35 percent the tax on amounts beyond that. This would have been outrageous even before the current economic and fiscal mess.