White House caves on tax hikes in debt ceiling talks.

By: Moe Lane (Diary)  |  June 28th at 11:00 AM  | 

Personally, I’m not entirely certain why the Obama administration is so adamant about raising taxes on small businesses, but they’ve at least abandoned their previous position where a possible early end to Bush-era tax breaks (now scheduled to expire in 2012) was on the debt ceiling negotiating table. Unfortunately, the White House is still adamantly refusing to accept the pesky objective reality that there are | Read More »

Obama retreats on tax hike.

By: Moe Lane (Diary)  |  December 6th at 04:15 PM  | 

It looked that way earlier in the day, and it’s now confirmed.  The ‘deal’ will be that the White House ‘delays’ raising taxes for two more years in ‘exchange’ for getting a thirteen-month extension on unemployment benefits*.  That last is problematical, but given the Democrats’ moral weakness thus far the GOP might still be able to keep pushing a little and get offsets in federal | Read More »