Posts tagged as:

Democrat

When Dumb Meets Stupid: Payroll Tax Cut ‘Compromise’

16 December 2011

So months and months of debate on the payroll tax cut has resulted in this: a two month extension. No, you didn’t read that wrong. Two months. Democrats and Republicans in the Senate couldn’t figure out how to pay for the whole thing so they decided on a ridiculous fix. Two months. “But it’s paid [...]

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Compromise Should Avoid Government Shutdown

15 December 2011

Nothing is written in ink (yet) but all indications are that Congress has reached an agreement that would avoid a government shutdown. While the details are sketchy, it would appear that the final budget would include a payroll tax cut extensions, jobless benefits and a continuation of Medicare payments for physicians. All of these items [...]

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Shutdown Looms, Payroll Tax Cut Extension Still Not Approved

15 December 2011

The “naughty” list is getting longer… No, I’m not talking about Amy pinching her brother this morning while getting ready for school. I’m talking about those in Congress who are squabbling over the payroll tax cut extension all while the deadline for keeping the lights on in D.C. creeps closer. The Senate has yet to [...]

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Pelosi Touts Democrats’ Tax Position

1 October 2010

Last night, NewsHour’s Judy Woodruff spoke with House Speaker Nancy Pelosi (D-CA) about the upcoming elections and key issues affecting voters. Not surprisingly, tax cuts were at the forefront of the discussing. Speaker Pelosi indicated that she was amenable to considering cutting corporate tax rates: We’re all for putting everything on the table, talking about [...]

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GOP Pledge to America: No New Taxes (Now Cue the Dancers)

23 September 2010

Today, at a hardware store in Virginia, the GOP hopes to with their “Pledge for America.” I had hoped to upload it to the site but it’s a bit larger than my blogging software wanted to deal with: it’s an astounding 135 MB. If you want to check it out in its entirety, you’ll have [...]

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Repeal, What Repeal? We’ve Got Egos to Stroke! Special Interest Groups to Pacify!

31 July 2010

Remember those new reporting requirements for businesses that were tucked away inside the health care bill? “Unpopular” doesn’t even begin to describe the provision. So what’s a legislator to do in the midst of an election year? Repeal the very piece of legislation that you passed earlier in the year. Now you can take credit [...]

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Health Care Plan Leaves Huge Hole in the Budget

9 July 2009

In an effort to fund their massive health care plan, members of Congress are scrambling to find revenue. After searching under their car seats and sofa cushions for extra change, they have basically admitted that the well is simply dry. And that proposal to tax employer provided health care benefits? It’s just not picking up [...]

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Specter Defects to the Dems: Will It Make Any Difference?

3 May 2009

Last week, I was sitting on a panel for the Pennsylvania Bar Institute. My topic was holding business interests in trusts. While many of the other panelists had to craft their talks in terms of federal estate taxes, my topic touched on a much broader range of issues – including a topic that is of [...]

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Democrats Offer Up Version of Tax Bill

17 January 2009

Remember when I said that it was going to be a long January? I wasn’t kidding. Just before the long break, Democrats in the House revealed their tax plans as part of a new stimulus package. And if you’re expecting a quick “yes” vote, don’t hold your breath. The plan includes a whopping $275 billion [...]

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Rangel Refuses to Give Up Chair Despite Tax Probe

17 September 2008

Rep. Charles Rangel (D-NY) has announced that he will not step down as chairman of the House Ways and Means Committee, despite an ethics investigation into his personal finances. Instead, according to his lawyer, Rangel will hire a “nationally renowned forensic accounting firm” to review and report his finances. After the review, the report will [...]

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