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…
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…
Or so say three senior House Democrats who have proposed an income tax surcharge to pay the $150 billion annual cost of operations in Iraq (and the $40 billion annual cost of operations in Afghanistan). Rep. David Obey (D-WI), John Murtha (D-PA) and Jim McGovern (D-MA) introduced the bill, claiming that it is unfair to…
Our next presidential candidate to be featured in our series of interviews is Joe Biden, a Democrat and Delaware Senator. Here are his unedited answers to my six questions: 1. What’s the single most important tax issue facing Americans today? As I travel across this country, I see the middle class in trouble. For the…