On Friday, the House approved the $801 billion "compromise" tax bill, sending it on to the White House for President Obama's signature. Over the next two years, that budget-busting, gilded class giveaway will cost the Treasury $70 billion in revenue lost from the top 2% of taxpayers and another $25 billion uncollected from the richest […]

On Sunday, incoming House Speaker John Boehner had his prime time debut on CBS 60 Minutes. Proclaiming "I reject the word" compromise, Boehner made clear that past performance would be a guarantee of future results. But even more pathetic was his staggering hypocrisy. After all, Boehner claimed that President Obama, a man he accused of […]

It is sadly ironic that President Obama held a Pearl Harbor Day press conference to defend his surrender to Republicans over the extension of Bush tax cuts for the wealthy. At a time when the United States is fighting two still-unpaid-for wars, facing staggering budget deficits and struggling to emerge from its deepest economic crisis […]

Back in 2006, billionaire Warren Buffett lamented, "There's class warfare, all right, but it's my class, the rich class, that's making war, and we're winning." Now with President Obama's capitulation imminent on extending the Bush tax cuts for the rich, average Americans will once again be the big losers. After all, while the Bush years […]

Watching Barack Obama and John McCain over the past week has left pundits and armchair psychologists alike scratching their heads. While the two foes from the 2008 presidential election couldn't be more different, their puzzling performances over tax cuts for the wealthy and the repeal of Don't Ask, Don't Tell have the Washington commentariat paging […]

In January 2009, President Obama journeyed to Capitol Hill to meet with Congressional Republicans on the stimulus. Unbeknownst to the President, Minority Leader John Boehner had already instructed his entire GOP caucus to vote "no" on the bill they were to discuss with Obama. Now, history is repeating. Even as the President was asking his […]

Be careful what you ask for; you just might get it. So it is with the uproar from disingenuous conservatives trying to capitalize on the public outcry over the TSA's airport body scans and aggressive pat-downs. While Charles Krauthammer now spouts "don't touch my junk" and Rush Limbaugh declares, "Keep your hands off my tea […]

As the American auto industry teetered on the brink of collapse in December 2008, Vice President Dick Cheney beseeched his GOP allies in Congress to back an aid package, warning, "If we don't do this, we will be known as the party of Herbert Hoover forever." Which is exactly right. Because while Republican leaders were […]

Everything you need to know about the difference between the governing style of Republicans and Democrats is on display in the battles over the passage and expiration of the Bush tax cuts. Despite large Congressional majorities and broad public support for ending as promised the budget-busting Bush windfall for the wealthy, President Obama and squeamish […]

For most of the 1990's, the top income earners in the United States paid a 39.6% tax rate during a time which produced a booming economy for them - and pretty much everyone else. Now, after the Bush tax cut windfall for the wealthy produced a decade of falling household incomes, skyrocketing deficits and record […]