Posts Tagged ‘tax

30
Aug
13

Rise and Shine

@petesouza: President Obama in the Oval Office, talking on phone to German Chancellor Merkel

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Today:

2:15 EDT: The President meets with President Toomas Hendrik Ilves of Estonia, Dalia Grybauskaitė of Lithuania, and President Andris Bērziņš of Latvia; the Vice President also attends

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CBS: Obama administration set to release Syria intel report

The administration will release on Friday a declassified version of its intelligence report on last week’s purported Syria chemical weapons attack, a senior administration official told CBS News late Thursday.

The official also said the administration would go public with its legal justification for taking military action against the Syrian regime if and when President Obama orders a strike.

More here

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Steve Benen: The prospect of going alone in Syria

A few days ago, it was largely seen as a fait accompli – British Prime Minister David Cameron would get approval from the British Parliament for the use of force in Syria, and a coalition would move forward apace.

With these expectations in mind, last night’s developments were as stunning as they were dramatic. For the first time in generations, a British prime minister’s appeal for military authorization was rejected by members of Parliament, even after Cameron watered down the scope of his original request.

It’s safe to assume the White House, which appears eager to intervene in Syria and assumed the UK’s support was in hand, was rattled by Parliament’s decision. Indeed, it left President Obama in an unsettling global dynamic….

More here

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Jonathan Cohn: Another Story of Obamacare Rate Shock That Isn’t

Another Obamascare article is making the rounds. This one, from National Journal, is about what people buying their own insurance will pay on the new Obamacare exchanges — and how those prices compare to what people pay when they get coverage from their employers.

“For the vast majority of Americans,” reporter Clara Ritger writes, “premium prices will be higher in the individual exchange than what they’re currently paying for employer-sponsored benefits, according to a National Journal analysis of new coverage and cost data. … Whether the quality of care in the new market is comparable to private offerings remains to be seen. But one thing is clear: The cost of care in the new market doesn’t stack up.”

…. this analysis doesn’t really tell us what the Obamacare critics think it does. In fact, I’m pretty sure it doesn’t really tell us what Ritger thinks it does….

More here

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Jonathan Bernstein: Here comes more Obamacare misinformation

Wow. National Journal really booted one today on the Affordable Care Act …..it should be tossed in the garbage…

….. National Journal only has initial estimates of what plans in the exchanges will look like; over time, we don’t know how they’ll change. And, yes, there is surely a fair amount of uncertainty about how employers will react over time.

What we do know, however, suggests that this National Journal analysis doesn’t get it right, at all.

More here

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Steve Benen: Eric Holder steps up, digs in, and breaks out

…. Eric Holder appears to have quietly positioned himself not only as a progressive champion, but as one of the more accomplished attorneys general in recent memory.

Think about some of the recent policies Holder has chosen to tackle: voting rights; sentencing reforms; condemnations of “Stand Your Ground” laws, and of course the drug policy announced yesterday. These are critically important law-enforcement policies, some of which have been neglected and ignored by officials in both parties for years, long in need of leadership – which Holder is now providing…..

Full post here

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FACT SHEET: New Executive Actions to Reduce Gun Violence

The Obama administration announced two new common-sense executive actions to keep the most dangerous firearms out of the wrong hands and ban almost all re-imports of military surplus firearms to private entities. These executive actions build on the 23 executive actions that the Vice President recommended as part of the comprehensive gun violence reduction plan and the President unveiled on January 16, 2013.

Even as Congress fails to act on common-sense proposals, like expanding criminal background checks and making gun trafficking a federal crime, the President and Vice President remain committed to using all the tools in their power to make progress toward reducing gun violence.

More here

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Treasury: All Legal Same-Sex Marriages Will Be Recognized for Federal Tax Purposes

The U.S. Department of the Treasury and the Internal Revenue Service (IRS) today ruled that same-sex couples, legally married in jurisdictions that recognize their marriages, will be treated as married for federal tax purposes. The ruling applies regardless of whether the couple lives in a jurisdiction that recognizes same-sex marriage or a jurisdiction that does not recognize same-sex marriage.

The ruling implements federal tax aspects of the June 26th Supreme Court decision invalidating a key provision of the 1996 Defense of Marriage Act.

“Today’s ruling provides certainty and clear, coherent tax filing guidance for all legally married same-sex couples nationwide. It provides access to benefits, responsibilities and protections under federal tax law that all Americans deserve,” said Secretary Jacob J. Lew. “This ruling also assures legally married same-sex couples that they can move freely throughout the country knowing that their federal filing status will not change.”

More here

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David Frum is hardly in a position to comment, but he’s right on this:

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TPM: Is This The Beginning Of The End Of The War On Drugs?

It’s America’s 40-year war. From Nixon through Nancy — “Just Say No!” — to Clinton not inhaling. From coke to crack to meth.

Throughout the War on Drugs, the drive has been for more law enforcement, stiffer sentences and less tolerance. The limitations of interdiction and incarceration are well-documented. But the push for harsher penalties rarely abated, and the emphasis remained on drugs as a criminal matter for law enforcement. Until Thursday, when the first real retreat of any kind was made official.

The Justice Department’s announcement that it would not block Colorado and Washington from implementing state laws legalizing marijuana marked a sea change.

More here

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Seamus Heaney, the Irish Nobel Prize-winning poet, died today.

This poem, which I used in an abysmally made YouTube video back in 2008, was, I always thought, perfect for the campaign – and still is:

“History says, don’t hope
On this side of the grave,
But then, once in a lifetime
The longed-for tidal wave
Of justice can rise up
And hope and history rhyme.”

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Morning everyone.

30
Jul
13

This and That

President Obama signs a line worker’s shirt after touring the Amazon fulfillment center in Chattanooga, Tenn., July 30 (Photo by Chuck Kennedy)

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Steve Benen: Why would the GOP balk at a corporate tax cut?

As promised, President Obama spoke in Tennessee this afternoon, and made congressional Republicans an offer they probably shouldn’t refuse: the GOP would get corporate tax reforms, including lower rates, while Democrats would get investments in infrastructure and manufacturing.

…. GOP opposition is just a little more difficult to understand. Sure, when the White House proposes new tax revenue from the wealthy, it stands to reason that Republicans will scream bloody murder. When the president talks about increasing the size of government in any appreciable way, we know the GOP will go berserk.

But corporate tax breaks and infrastructure jobs? Why announce knee-jerk opposition to these ideas?

I’ve spent some time this afternoon collecting Republican complaints about the new Obama offer, so let’s take them one at a time.

More here

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Smartypants:  A common sense proposal for NSA reform

Now that it appears as if the American public is ready to move beyond their fear-based approach to national security, I agree with President Obama.

I’ve got to tell you though Charlie, I think this is a healthy thing because its a sign of maturity that this debate would not have been taking place 5 years ago. And I welcome it.

That means that perhaps we can have a rational discussion about the NSA and potential reforms that make sense. Of course folks like Greenwald are not going to initiate a discussion about solutions – that would mean actually owning some responsibility rather than simply screaming from the sidelines (not to mention that solutions are terrible link-bait). But somebody needs to do it. As is often the case, that part is left to the pragmatists.

More here

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@whitehouse This morning, President Obama and VP Biden met with Israeli and Palestinian negotiators on resuming peace talks

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ThinkProgress: Obama Calls Out Republicans For Wasting Time On Keystone: ‘That’s Not A Jobs Plan’

In a speech on Tuesday focused on repairing the American economy, President Obama called out Republicans in Congress for flouting serious job-creation efforts in favor of trying to repeal environmental regulations and push for the creation of the Keystone XL oil pipeline.

While Republicans have advocated for Keystone by insisting that it will create jobs, Obama slammed that assertion Tuesday, pointing to the Cornell University estimate that Keystone would only create 50 permanent jobs….

More here

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The most useful invention since the wheel?

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Will catch up with whatever good stuff I missed in tomorrow’s R&S

05
Jan
13

Rise and Shine

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The Examiner: When historians look back on the presidency of Barack Obama, one would hope that they view his legacy as more then just being the first African American President who succeeded despite having to overcome some of the worst treatment a President could withstand; or as more than the President responsible for the establishment of an affordable health care act ensuring healthcare coverage for all Americans; or responsible for having saved the U.S economy from a second depression; or for killing the number one mastermind terrorist in the world.

Indeed one would hope that that historians recognize that President Obama’s legacy is that of a true warrior for social justice ….. A steadfast true leader, who even when faced with obstruction from hostile political extremists on the right, is still ensuring that all Americans get a fair shake at the American dream….

Full article here

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NYT: With 2013 bringing tax increases on the incomes of a small sliver of the richest Americans, the country’s top earners now face a heavier tax burden than at any time since Jimmy Carter was president.

The last-minute deal struck by the departing 112th Congress raised taxes on a handful of the highest-earning Americans, with about 99.3 percent of households experiencing no change in their income taxes. But the Tax Policy Center estimates that the average family in the top 1 percent will pay a federal tax rate of more than 36 percent this year, up from 28 percent in 2008. That is the highest rate since 1979, at least.

By some measures, the tax code might now be the most progressive in a generation, tax economists said, while noting that every American is paying a lower burden currently than they did then….

Full article here

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@elizabethforma: “It’s official!”

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TPM: The White House and gun control supporters are gearing up for a whirlwind month, with plans to pass reform legislation before outrage over the Sandy Hook massacre has a chance to fade.

While the fiscal cliff has dominated Washington’s attention in recent weeks, lawmakers and activists are laying the groundwork for their big push. Vice President Joe Biden, tasked with heading a commission to investigate gun violence, has been quietly meeting with experts, interest groups, and public officials and is expected to release a set of recommendations within weeks. Boston mayor Thomas Menino, co-chair of Michael Bloomberg’s Mayors Against Illegal Guns, told the Boston Herald this week that an optimistic Biden had assured him that Obama would sign legislation “by the end of January.”

More here

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@amk4obama

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MoooOOoooOOOooorning everyone. Eh, it is still morning, isn’t it?

06
Dec
12

‘What $2,000 Means to My Family’

Back in a while, chat away.

06
Dec
12

Rise and Shine

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Reuters: President Barack Obama takes his “fiscal-cliff” campaign to the home of a family in Northern Virginia on Thursday (1:35) to illustrate the impact of letting taxes go up on the middle class….

With about three weeks remaining before steep tax hikes and budget cuts that comprise the so-called fiscal cliff are set to begin, the White House said Obama would visit the home of a family that responded to a presidential Twitter request for real-life stories about the burden of a tax increase on the middle class.

More here

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Greg Sargent: Public opinion gives Dems all the leverage: Here’s another reason Republicans may have to accept the above way out: A new Quinnipiac poll finds that Americans are solidly on the side of Obama and Democrats in this battle. Voters say by 53-36 they trust Obama and Dems more than Republicans on the fiscal cliff mess. And by 51-43, voters say Republicans won’t make a “good faith effort” to cooperate with Obama on issues important to them.

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Twitter meltdown of the week:

Politico’s Ben White was in a monster, well, huff because he wasn’t included in Huffington Post’s ’32 Economics Journalists You Should Be Following On Twitter’ list. But, instead of being sensible and ignoring the OUTRAGEOUS snub, what does he do? Yep, he whinged about it endlessly on Twitter.

The tweet above caused a good giggle – talk about revealing your politics. But then, he does work for Politico.

More at BusinessInsider

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Random pic:

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Late start, but finally: MooooOOOoooooOOOooorning! More news later.




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