If the new House GOP budget unveiled Tuesday by Paul Ryan sounds familiar, it should. And not just because Ryan's "Path to Prosperity" is essentially the same scheme he's been pushing for two years. As it turns out, Mitt Romney is offering the same disastrous recipe for America's future. Both Ryan and Romney would deliver […]

You can fool some of the people all the time, and that's our target market. On no issue has that time-tested Republican strategy been more consistently applied than the impact of tax cuts on the national debt. But even after oceans of red ink washed away George W. Bush's bogus contention that "You cut taxes, […]

For the perpetual tax-cutters of the Republican Party, last week's surrender on the payroll tax cut extension for 160 million working Americans was an especially damaging one. While tried if untrue GOP talking points that "tax cuts pay for themselves" and "never need to be offset" were thoroughly debunked, new polling shows the large Republican […]

On Monday, House Republican leaders announced they would support the extension of the payroll tax cut without a corresponding "offset" in other federal spending. While that new approach is designed to tie Democrats' hands on passage of continued unemployment benefits and the so-called Medicare "doc fix," Speaker Boehner's switch represents a return to a supposedly […]

Last year, Republicans successfully waged a scorched-earth campaign to preserve at all costs the Bush tax cuts for the richest two percent of Americans. Back then, Arizona Senator Jon Kyl defended the Treasury-draining, $70 billion a year windfall for the wealthy by proclaiming, "you should never have to offset the cost of a deliberate decision […]

The Wall Street Journal greeted the failure of the Congressional debt super committee with an editorial titled, "Thank You, Grover Norquist." That gratitude should have surprised no one. After all, Norquist's anti-tax pledge led handcuffed committee Republicans not just to oppose even modest tax increases on the richest Americans, but to demand another tax cut […]

"Reality," Stephen Colbert famously told President Bush to his face, "has a well-known liberal bias." That inconvenient truth is at the heart of the expanding Republican war on the nonpartisan Congressional Budget Office (CBO). Increasingly frustrated by CBO analyses showing that the 2009 economic stimulus worked as designed, that the Paul Ryan GOP Medicare rationing […]

Without any action by Congress, on January 1, 2013 the Bush tax cuts will expire. That would not only return the top income rate from 35 percent to its Clinton boom-era level of39.6 percent. It would also produce almost $4 trillion in new revenue over the next decade, easily dwarfing the $1.2 trillion target now […]

On Thursday, Republican members of the House Energy and Commerce Committee voted to subpoena all White House documents related to the lost $535 federal loan to the failed solar company Solyndra. But just one day earlier, the GOP majority on the House Natural Resources Committee blocked Democratic efforts to subpoena the CEOs of BP and […]

As the Congressional "super committee" approaches its deadline to deliver $1.5 trillion in debt reduction over the next decade, the best plan may well be doing nothing. That is, absent any action by Congress, the Bush tax cuts extended in December will expire as of January 2013 and so produce roughly $4 trillion over the […]