Don’t believe the hype: there is no deal on the budget. Yes, I saw all of the headlines, too, some of them to prompt readers to write me for details. Is there a payroll tax holiday? What about the adoption credit? What’s happening to capital gains? The quick answer: nothing. What happened was this: the…
No new taxes. Since the early 1990s, it has become something of a mantra for the Republican party, with anti-tax activist Grover Norquist leading the way. Norquist, the head of Americans for Tax Reform, has infamously pressured members of Congress into signing his pledge not to raise taxes – any taxes – with a majority…
I love the Olympics. I make no apologies. I love the whole spectacle from the tacky opening ceremonies to the lovefest that is the closing ceremonies. I’ve perched on the edge of my sofa, hoping for Michael Phelps to make history (even though the tape delay and CNN meant that I already knew) and I…
Nobody likes Monday. This week, the “super committee” really doesn’t like Monday. With three days left to come up with $1.2 trillion in budget cuts, the week will start with the failure to reach a deal. Wait, that’s not quite right… The week will start with the failure to do much of anything. A formal…