Brent Budowsky: Lawrence Summers fought for the worst economic idea since FDR, repealing Glass-Steagall — a super-disastrous mistake.
Brent Budowsky: There was no excuse for the president to shout from the rooftops about the dangers of sequester while not doing a thing to prevent it. Americans need jobs, not spin, and leaders, not photo ops.
Ted Vaill: The Bush tax cuts decreased the top personal income tax rate from 39.6% to 35%. A hypothetical millionaire who had $1,000,000 in adjusted gross income in each of the past 10 years benefitted by over $200,000. It is time for payback. Do it.
Robert Reich: The worst economy since the Great Depression and you might think at least one of the candidates would come up with a few big ideas for how to get us out of it. But you’d be wrong.
Robert Reich: I worry about the well-financed big lies that the very rich are the nation’s “job creators,” that the benefits from tax cuts on the rich “trickle down” to everyone else.
Joseph Palermo: These powerful right-wing political obstacles that must be sidelined if progressive change can have any chance of success, whether Obama is at the helm or any number of the string of future presidents he now tells us we’ll probably need.
Brent Budowsky: As President Obama and Democrats battle during this holiday season to enact a tax cut for the 99 percent of Americans who constitute the heart of the nation, House Republicans are making a seismic political blunder reminiscent of the self-destructive overreaching of then-Speaker Newt Gingrich (R-Georgia) that rejuvenated the Clinton presidency during the 1990s.
Denis Campbell: Yet the entire GOP is deluded into thinking they will regain all three branches of government with a policy of tax cuts for the rich and ignoring the 99%?
Steve Hochstadt: Palin and Cain are not foolish. They recognized that the elemental ideas of the Tea Party supporters could be exploited by slick slogans and political gimmicks.
Robert Reich: Republican leaders are trying to get rank-and-file Republicans to go along with an extended payroll tax holiday — but by paying for it without raising taxes on the very rich.
Robert Reich: All flat-tax proposals benefit the rich more than the poor for one simple reason: Today’s tax code is still at least moderately progressive. The rich usually pay a higher percent of their incomes in income taxes than do the poor. A flat tax would eliminate that slight progressivity.
Robert Reich: A bold jobs plan is also good politics. With more than 25 million Americans looking for full-time jobs, the wages of people with jobs falling, and an economy on the verge of a double dip, the President has to come out fighting on the side of average people.
Robert Reich: Businesses are reluctant to spend more and create more jobs because there aren’t enough consumers out there able and willing to buy what businesses have to sell.