Category Archives: taxes

Who Doesn’t Pay Income Taxes (income taxes – not payroll taxes)

Posted on September 18, 2012 by admin

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Bloomberg says get rid of the Bush tax cuts to balance the budget

Posted on February 8, 2012 by admin

Mayor Bloomberg On Meet The Press: Economy, Guns And Parades blogs.villagevoice.com Mayor Bloomberg appeared on a Super Bowl-themed Meet The Press segment this morning, and sounded off on topics like increasing…

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Super Committee, deficit reduction – Sen. Carl Levin’s 7 proposals

Posted on October 1, 2011 by admin

The letter identifies seven possible steps to eliminate wasteful tax expenditures and loopholes so as to share the burden of deficit reduction more broadly. As I say in the letter, “Those measures would not only reduce the deficit, but also … Continue reading →

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Bloomberg: We must raised taxes, AND cut spending

Posted on July 31, 2011 by admin

Bloomberg on Debt: Cuts Alone Not Enough abcnews.go.com New York City Mayor Michael Bloomberg believes a U.S. default on its debt obligations would be a “seismic event” that would damage “America’s word” and its status as a dependable financial standard. … Continue reading →

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Debt Ceiling talks …….

Posted on July 25, 2011 by admin

Reid Unveils Debt Limit Proposal | C-SPAN www.c-span.org Senate Majority Leader Harry Reid (D-NV) said he will introduce a proposal to lift the $14.3 trillion dollar debt ceiling through 2012. It includes $2.7 trillion in budget cuts. He said it … Continue reading →

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Debt Ceiling talks, Obama, taxes

Posted on July 23, 2011 by admin

Obama: Boehner walking from ‘extraordinarily fair’ debt deal www.msnbc.msn.com July 22: President Obama addresses the current state of US debt talks by announcing that House Speaker John Boehner has withdrawn from the negotiations. During the statement, Obama makes a strong … Continue reading →

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Polls on the deficit and debt ceiling

Posted on July 15, 2011 by admin

74% of Republicans Think Some Tax Increases Are Necessary To Lower Deficit politicususa.com — A new Gallup poll found that 76% of Republicans along with a majority of all Americans believed that some tax increases may be necessary to reduce … Continue reading →

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Tax rate as percent of GDP lowest in several decades

Posted on July 14, 2011 by admin

Tax rate as percentage of GDP 2006… 7.9 2007….8.4 2008…8.0 2009… 6.5 2010…. 6.2 http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=205

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Debt Ceiling negotiations

Posted on July 9, 2011 by admin

Obama Aide On Social Security Cut Story: It ‘Overshoots The Runway’ digg.com WASHINGTON — The Obama administration is pushing back against a Wednesday night report that the president is prepared to offer cuts to Social Security as part of a … Continue reading →

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Deficit Commission, Debt, Taxes and debt ceiling

Posted on April 21, 2011 by admin

Poll shows Americans oppose entitlement cuts to deal with debt problem www.washingtonpost.com Americans oppose proposed changes to Medicare, Medicaid and Social Security, but support raising taxes on the wealthy. National Fiscal Commission Member Rivlin on Tax Policy Reform | C-SPAN … Continue reading →

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