In 2010, an essential moral test of a public policy choice is: Does it further concentrate wealth and power in the hands of a few? Or does it disperse concentrated wealth and power and strengthen possibilities for a democratic society [...]
How would you spend $700 billion? Congress has to decide this month. One simple solution would be for Congress to extend the Bush-era tax cuts for households with incomes over $250,000 for another decade. That would use up all $700 [...]
A Mighty Mobilization to Prevent a Democratic Cave-in is Underway After the mid-term elections, the Obama Administration and some Democratic leaders signaled that they might compromise on extending the Bush-era tax breaks for wealthy households. Compromises include extending them for [...]
“Expecting high-end tax cuts to trickle down as job creation is about as reasonable as pouring gasoline on your hood and expecting it to fuel your car.” – Lew Prince, owner, Vintage Vinyl, an independent music store. Congress left town [...]
Congress is actively debating whether to retain President Bush’s 2001 and 2003 tax cuts for the wealthy that are due to expire at the end of this year. President Obama supports extending tax cuts for households with incomes under $250,000, [...]
A century ago this summer, Theodore Roosevelt gave his remarkable “New Nationalism” speech about the dangers of concentrated wealth and corporate power. After witnessing a decade of financial corruption and corporate malfeasance, Roosevelt called on the nation to “effectively control [...]
by Chuck Collins & Sam Pizzigati
Originally published on HuffingtonPost.com, June 2, 2010
How can a civilized nation afford to hand the heirs of the super-rich billions of dollars tax-free and not afford to keep teachers in classrooms? [...]
President Obama is ‘spreading the wealth,’ that is, taxing the rich and redistributing the wealth. Good policy or heavy-handed intrusion? “When you spread the wealth around, it’s good for everybody,” presidential candidate Barack Obama famously told an Ohio man, soon [...]