Higher Taxes for All: The Dems' Terrible Fallback Plan for the Fiscal Cliff
Under the Senate's bill, If the expiring payroll tax doesn't get you, the expiring Bush tax cuts will. More »
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Matthew O'Brien is an associate editor at The Atlantic covering business and economics. He has previously written for The New Republic.
Under the Senate's bill, If the expiring payroll tax doesn't get you, the expiring Bush tax cuts will. More »
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Some rich people accuse Obama of class warfare while they praise the bipartisan deficit commission. Do they realize that the latter raises taxes more on the top 0.1%?(Reuters)Pop quiz, hotshot. Which fiscal cliff plan raises taxes on the rich more, President Obama's or Bowles-Simpson? The answer is ... both. Obama's plan increases taxes more on the top 1 percent, but Bowles-Simpson increases taxes more on the top 0.1 percent. The chart below breaks down the top-end… More »
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*Compared to almost every other rich country and almost every other financial crisis.(Reuters)We need a real recovery. That's what Mitt Romney said during the campaign, and he was right. Five years since the start of the Great Recession, unemployment is still far too high. It's not for a lack of optimism among policymakers. As Evan Soltas pointed out, the Federal Reserve keeps predicting that prosperity is just around the corner, only to find it's not. Catchup… More »
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