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.
August 24, 2011
The Post asked readers to craft plans for putting the federal government on a path to fiscal health. Submit yours in 250 words or fewer at email@example.com. Every American got us into this budget mess, so everyone should be a part of the solution. My deficit-reduction plan uses equal spending cuts and increased revenue to stabilize the debt at 60 percent of gross domestic product by 2020, using the Committee for a Responsible Federal Budget's budget simulator . Throughout the process, I have shielded the most...
September 10, 2011 |
"We said working folks deserved a break, so within one month of me taking office, we signed into law the biggest middle-class tax cut in history, putting more money into your pockets. " — President Obama, Sept. 5, 2011 The president's Labor Day speech in Detroit featured an assertion that contained a number of warning signs that it might be an errant fact: "biggest middle-class tax cut in history. " First of all, anytime a politician claims he or she has done something historic, watch your pockets.