In this Washington Post article which compares the economic records of President Reagan & President Obama it is noted that taxes under Obama are significantly lower than they were under Reagan. In 1983 taxes were 17.5% of GDP, in 2010 they were only 14.9% percent of GDP. This fact makes it clear that the argument [...]

Mitt Romney released his 2010 & 2011 tax returns today (although he is refusing to release 12 years of tax returns so he must hiding something) and we can now see that he has paid only a 13.9% tax rate on $42.5 million earned over the past two years. 13.9% is a lower tax rate [...]

Facts about Mitt Romney’s Tax Plan: 1. It would increase the deficit by $6.5 trillion. Remember; a major reason for the huge deficits of today are the Bush tax cuts which have been in place for over 10 years now. Romney’s tax plan would make the deficit even worse. 2. Many low income families would [...]

Every Republican Senator but one, Susan Collins of Maine, voted down an extension of the payroll tax cut. A vast majority of Democratic Senators (all but three) voted for the payroll tax cut extension which is also strongly supported by President Obama. If this payroll tax cut is not extended before the end of the [...]

With economic disparity already at astronomic levels due to the right wing economic policies of the last 30 years, the Republicans want to spread the gap between the wealthy and everyone else even farther by raising taxes on the working poor. The working class already pays a disproportionately high rate when it comes to state [...]

For Fox/Republicans raising taxes on the rich is “class warfare” but raising taxes on the poor is “good sense.” This is despite the fact that the gap between the rich and the poor is already as large as it’s been since the Great Depression.

Americans overwhelmingly support tax increases on millionaires (who are currently paying historically low rates which have helped cause massive debt increases while the economy has slowed) but Republican politicians are standing in the way of President Obama’s “Buffet Rule” which would make sure that all millionaires pay at least as much in taxes as the [...]

There are a lot of lies coming from the right wing lie machine (ie: Fox News & Republican politicians) about President Obama’s plan to make sure the wealthy are paying their fair share of taxes (“The Buffet Rule.”) Dan Pfieffer at the White House does a very good job of refuting those lies and getting [...]

According to polling from the Washington Post 72% of Americans (including a majority of Republican voters!) disagree with Republican politicians (and agree with President Obama) – tax increases on the rich should be a part of balancing the US budget. The majority isn’t always right; but in this case they clearly are. The Bush tax [...]