Tag Archive for Tax cuts

The Obama Tax Cuts

President Obama- Costa Mesa 3/16/09

President Obama signed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 on Friday preventing the Bush tax cuts from expiring for anyone. Progressives, like Paul Krugman and Huffington Post writers, have derided this compromise. To the liberal base, this Act is, in effect, the equivalent of what Bush’s immigration reform was to his base.

Purity Has Its Place

President Obama surprised some and disappointed others with the tax deal he cut. Ideological purists are up in arms, saying he capitulated yet again. Pragmatists are impressed that he hoodwinked Republicans. One could argue that both perspectives are true.

Vice President Biden Delivers Weekly Address: Tax Cuts & Unemployment Insurance

Biden_weeklyaddress_12-4-10

With President Obama visiting troops in Afghanistan, Vice President Biden delivered this week’s address, in which he said Congress must extend both the middle class tax cuts and unemployment insurance this year. The combined economic blow of raising taxes on the middle class and cutting two million Americans off of unemployment insurance would wind up costing the country hundreds of thousands of jobs. And, to say that during these challenging times, we cannot afford to provide a lifeline to millions of Americans, but we can afford to give tax cuts to the wealthiest two percent is not just bad economic policy, it is also wrong.

OC Republican Delegation Says Tough Luck To Unemployed and Troubled Homeowners

UPDATED: “House votes to extend jobless benefits” – On Tuesday, House Democrats revived legislation to extend unemployment benefits after previous legislation failed to pass the Senate. The new House bill, HR 5618, only addresses the unemployment extension. If approved, it would have allowed the more recently-unemployed to continue getting extended benefits and Fed-Ed aid through November. It would be retroactive to May and June.

Will Tea Partiers Celebrate Their Federal Tax Cut Tomorrow?

There are a number of “Tea Party Protests” being planned throughout Orange County tomorrow.  But recent CBS/New York Times polls show most of the Teabaggers still don’t realize that their taxes went down last year under President Obama’s stimulus package.  This report, from Citizens for Tax Justice, provides a sobering picture that strikes a contrast with…