Balanced Approach: The Tax Hikes That Democrats Should Propose

By: Francis Cianfrocca (Diary)  |  August 9th at 09:10 AM  | 

So this year’s fiscal-policy code word is “balanced approach.” This means nothing more or less than higher taxes on high earners, business income, and capital gains. Congressman Eric Cantor remarked at one point in the debt-ceiling debate that the Democrats (including Obama) were totally stuck on the idea of raising taxes. But Cantor stressed that they never presented an economic rationale for higher taxes. It | Read More »

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 »