Tagged: fiscal cliff
While the White House and much of the media spun the hurried late-night move as a victory for the middle class, it was a win paid for with new tax cuts worth hundreds of billions of dollars for America's wealthiest families.
Eighty years ago, just like today, a fiscal crisis almost totally dominated the nation's capital.
This is a chance for the American public to engage in a critical debate over national priorities.
The early reaction by many progressive organizations is that it would be better to go over the cliff than accept the emerging bargain the President has offered.
The pending budget deal must include long-overdue military spending cuts.
If the top two percent is up in arms about losing their Bush tax cuts, why aren't they generating any street heat?
Recent research debunks some of the most common arguments against raising taxes on the richest Americans.
In poll after poll, the American people say they are far more concerned about the jobs crisis than the "debt crisis." A powerful coalition of CEOs says they have an answer for both problems.
At least $881 billion in creative revenue-raisers and spending cuts belong on the table.
Without trimming the safety net, an Institute for Policy Studies framework would shrink the federal budget deficit by $881 billion per year while making the United States more equitable, green, and secure.