Archive for tax cuts – Page 2

Under Gov. Scott Walker, WI private-sector job creation "slowed markedly," and his income tax cut helps rich more


scott walker no jobs

Wisconsin Governor Scott Walker made a major campaign promise that his state on his watch would add 250,000 private-sector jobs by the end of his term.

How'd that work out for you, Scotty?


Job creation in Wisconsin slowed markedly between July and September, according to the most recent available government data deemed credible by economists. [...]

Friday's report also contained the weakest reading since the 12 months of September 2009 to September 2010 - a period that overlapped with the last recession. [...]

The last time that Wisconsin appeared in a national ranking of the Quarterly Census, it was for the 12 months through June 2012. Then, Wisconsin ranked 42 out of the 50 states in private-sector job creation, a decline from a rank of 37 in the previous period, from March 2011 to March 2012.

That makes Wisconsin a laggard in job creation even by the glacial standards of the national recovery, which has moved far too slowly to absorb the millions of unemployed left over from the 2007-'09 recession.

See how well union busting and austerity work?

but wait there's more

According to the Wisconsin State Journal and an analysis by the Institute on Taxation and Economic Policy done for the Wisconsin Budget Project, Walker's full of crap. But then we already knew that. explains:

Gov. Scott Walker’s proposed income tax cut would give more money back to the rich than it would the poor, despite his billing it as a boon to the middle class, a new analysis shows.

promises promises smaller

Andrew Reschovsky, a UW-Madison professor of public affairs and applied economics:

"There is no evidence that the tax cut will do much to encourage growth and job creation.”

Mark Schug, a UW-Milwaukee professor emeritus who now consults in the area of economic education:

[S]uch a cut is not likely to be an economic boost. “I do tend to think that the income tax reduction is not sufficient."

Of course, even after all these stats and expert opinions, Walker's fellow Republicans will undoubtedly continue to march in lockstep, livelihoods of the 47%/99% be damned:

[T]he Republican-controlled Legislature will now take the next four months making changes before voting on it likely sometime in June.

They're nothing if not predictable. Be proud, Koch brothers.


John Boehner is a squish. He says he ain't.


boehner squish

Memo to Progressives: We have a new meme to introduce, and it is with fake solemnity and stifled laughter than I implore you to get the word out.

Here it comes.


The Boehner is a squish.

Run with it. Savor it. Eat it for breakfast, lunch, and dinner.

Oh, but I kid The Boehner.

The Hill:

Speaker John Boehner (R-Ohio) is sharing his regrets about his "fiscal-cliff" strategy, less than a month after the House bitterly swallowed a last-minute deal hatched in the Senate.

In a private speech to the Ripon Society [a 50-year-old GOP advocacy group] on Tuesday, Boehner said that he should have taken a different course after the November election by immediately demanding that the Senate produce a bill to avert the worst parts of a combination of tax increases and spending cuts [...]

“Some of our members don’t realize that while I may be a nice enough guy, and I get along with people, when I was voting I had the 8th most conservative voting record in the House,” he said. “But a lot of our newer members – they don’t know that. And so, you know, they think I’m some squish, that I’m ready to sell them out in a heartbeat, when obviously, most of you in this room know that that ain’t quite who I am.”

Oh we all know who you ain't and who you am, Boehner... you big regretful squish, you. Sniffle!

popeye I am what I am


Chart: Taxes schmaxes. Three-Quarters of deficit reduction has been via spending cuts


taxes schmaxes

chart deficit cuts not taxes

With the state of the economy as it is today, stimulus is a good thing. Spending works when done right, but austerity is not what we need right now. Yet Republicans insist on austerity measures which, as we’ve witnessed and is painfully evident overseas, are one big fat fail.

Visit for breaking news, world news, and news about the economy

David Cay Johnston:

“They do not want him to succeed. There`s no question about that. They are assert that spending more money is wrong. We really need to be spending a lot more money, fixing up our infrastructure and creating jobs and making the economy run better.

Think Progress has way more than this so please link over:

When McConnell tried to claim on ABC’s This Week that revenue was off the table, anchor George Stephanopoulos wasn’t having it. And the numbers show he was exactly right.

I responded to McConnell's cut, cut, cut/stop spending gibberish here: VIDEO: Mitch McConnell is a lying, evasive GOP Sunday talk show hypocrite.


Who Won?! Hint: Rhymes with Schmeric Schmantor.


It's on 2

Today’s guest post is from my long time, dear friend, a TV writer-producer with an endless and impressive resumé, and regular TPC contributor, David Garber.


With the pending agreement on a last minute bill to prevent the fiscal cliff, you gotta ask yourself who won?

There are always winners and losers in these budget showdowns. The surprising answer may come very soon. And not the answer most people might be thinking. In the chess game that is constantly played for power in Washington, sometimes little things don't get noticed or recognized until later on down the road. Sometimes it's the subtle moves made before the big move. It's the traps that are set and if you're not careful, you'll become ensnared and then it's "check" and "mate."

Certainly the people of the this country would appear to have gotten a semi-win. The financial markets got a win. The Republicans, for the most part lost. The Democrats for the most part won. The Speaker of the House lost and big time. The President of the US, elected by the people for his position, not just his party (like Boehner) looks like a winner. But none of those are the gand champion. Not by a long shot. The biggest winner is -- ta-daaa! -- Eric 'The Mighty Mouse' Cantor. He finally got what he wanted -- the new power position of the Republican party. Yup, good ol' preppy, Eric. He now leads the party of the dysfunctional. He betrayed his leader, sold him out and now is taking the reins.

Boehner has lost his control. He's led his party to bowing under pressure and listening to the will of the people (oh,doesn't that sound Democratic) and vote for a tax increase on the rich. And if you're making $400K a year, you're rich. Hell, if you're making $250K a year, you're rich. But along comes Cantor -- the supposed best friend of Johnny Boehner -- and like Brutus to Caesar, stabs him in the back and leads the right-wingnuts by voting against the bill. And why? It wasn't because it didn't include the Sandy Hurricane relief. He doesn't care about that. It's that he now can move to the front of all those Republicans who had 'zero tolerance' for any tax hikes of any kind. And with the Speaker caving, with party members nervous about being primaried by the far right conservatives in 2014, they're going to need a leader. A man who represents them and their anger. And Cantor, in severing his support for his party's House leader, separated himself and now is poster boy for a party that's become overtly fractious and out of touch with the mainstream.

Being leader of the Republicans right now may not be the best job in the world, but it beats being the "gofer" for the Speaker. And that's what Cantor had become. He did everything to get the Speaker to put the bill on the floor where everyone knew, despite their wishes, it had to pass. Cantor behind the scenes would tell Boehner this is a bad bill but you've got to do something -- so put it to vote and we'll have your back and save your face. Cantor then just left Boehner to swing in the wind. And while choking for air, Boehner drops the power baton right into Cantor's devious hands.

Watch for Cantor to make a power play which will split the party. This will be fun to watch and nobody deserves it more than Boehner. As he and Cantor duke it out, maybe we'll see some changes in the strident insanity of party leadership. There could even be some movement to becoming a bit more moderate as the single Republican party becomes two. But we're sure going to get quite a show. Buckle your seat belts. Let the little ride attendant,Mr. Joe (Scarborough) punch your ticket as the lions are led in to face the Christians in the Colosseum. We're just about to get onto Mr. Toad's wild ride. Popcorn or cotton candy, anybody?

For the past 25 years, David Garber has been serving as the show runner and or writer on some of television’s biggest hits… Saved By The Bell, Power Rangers, 227, Bill Cosby Show and many other network series. His writing and producing have also netted David two very prestigious awards:the PRISM AWARD and the TV CRITICS AWARD – TV SPECIAL OF THE YEAR. Currently he’s authoring a short story series called “A Few Minutes With…”


Live Streaming Video- President Obama Makes a Statement on the Fiscal Cliff 11:15p




Off the Cliff: GOP "shameful, repulsive, vomit-inducing... In their world, people are poor and elderly because they choose to be."


fiscal cliff thelma and louise fiscalbs

Andy Marquis, reporter for, is our guest blogger of the day. He used to consider himself a Republican but not any more.  He changed his voter registration to Independent in 2011 and says that’s how it will remain.

Here’s his latest guest post:

Off The Cliff

Strap in, the American economy has officially gone off the “fiscal cliff”. The Senate has acted, but now the Republican controlled House where people like Congressman Paul Ryan, Congressman Eric Cantor and Congressman Darrell Issa could be poised to wank around and sabotage the Senate deal.

I don’t know, at this point, if Republicans are refusing to act in good faith because they hate President Obama or if they want to punish the American populace for re-electing him. Whatever it is, it’s shameful, repulsive and vomit-inducing.

Instead of cooperating, our nation’s fearless leaders stomped their feet around acting like petulant little children. When a deal was on the table, Republicans walked away in an attempt to spite the President and then spited the Speaker of the House, the leader of their own party, for working with Obama. When a deal looked likely on Monday, Republicans were butthurt over President Obama’s comments. They took to the Senate floor, whining and crying about how Obama said mean things (the truth) about them.

Fact is, President Obama has the advantage in negotiations, but like a pack of Honey Badgers, the Republican Party just doesn’t give a single care. They think they won the election, because Republican Congressmen were gerrymandered right in to their seat on the House Floor. The right wing dumbassosphere knows President Obama’s going to get his way, so they’d rather do nothing at all… the hell with the people.

The entire debate is BS. It’s simple stuff – extend the tax cuts for the middle class, raise taxes on the wealthy (fact, even the majority of the wealthy want their taxes increased) and work on a plan to cut spending. Congress had a timetable, and they knew they did. After all, they are the ones who implemented the “Fiscal Cliff” as a way of forcing negotiation.

You see, I keep hearing Republicans talk about “entitlement reform”. That’s it. That’s all they care about, because they think the money that you paid in to for your Social Security benefits is the exact same thing as giving food stamps to someone who won’t find a job. That’s what the Republican Party, who cares about the rich and damn the poor, thinks about you. They think everyone is a 47 percenter who wants something for free.

Fact is, Democrats have also talked about entitlements – but they believe everything should be on the table.

House Minority Whip Steny Hoyer in an interview I had with him back in August: “There have been a number. The answer to your question is, I have said all along, entitlements need to be on the table. We need to make sure entitlements are fiscally sound for decades to come and sustainable.”

The difference between Democrats and Republicans can be summed up in this comment by the Democratic Congressman from Maryland, “We need to make sure the most vulnerable are not hurt by any agreement we reach.”

You see, the Republicans don’t give a damn about the poor, the elderly and the nation’s most vulnerable. In their world, people are poor and elderly because they choose to be and they’re lazy freeloaders, so we should just let that starve. And again, this TEA Party logic was rejected in November.

Now that the time has come to talk about meaningful spending cuts, the Republicans would rather see middle class incomes fall to protect their criminal friends on Wall Street and kick the can down the road instead of sit down at the table with a black President. They might think they’re acting courageously, but they’re acting with great cowardice. Instead of bucking Grover Norquist and Donald Trump, they’re bending over the rest of the country.

Let’s all give a round of applause to our “fearless leaders” in Washington who have successfully screwed our economy right off the cliff.

Andy Marquis

Twitter: @amarquis32


"President Obama wins 'fiscal cliff' victory, but at high cost"

fiscal cliff 8 prinicples Robert Reich MoveOn

Via Robert Reich,


The blog headline is the title of an article, or rather, an analysis of the fiscal negotiations in the L.A. Times.

Many liberals are asking when Democrats, led by President Obama, will stop conceding to Republicans, especially when we have the upper hand, when we finally have the "political capital" and leverage we need. Compromise is great, but not at the expense of future negotiations or setting bad precedents. But the problem is, Republicans will never stop demanding and holding America hostage. Ever. We won the election, we continue to win in the polls, but that doesn't faze those on the right in the least.

Let's get one thing straight: "Both sides" are not equally responsible for the mess we're in, and it's time to make that It's time to hold the GOP accountable, loudly and often.

That said, the Bush tax cuts-- now the Obama tax cuts-- are largely intact with the exception of those making over $400-450,000. I am hardly "anti-Obama," but sometimes he seems to be losing those multi-dimensional chess games he plays. How much will he be willing to compromise when it comes to Social Security, Medicare, and Medicaid? The "sequester" battle has been postponed , so I guess we'll have to wait a few months to see who declares "check mate."

At this point, I'm in wait-and-see mode, but as Paddy said in an earlier post, "I thought about getting excited last night, but I knew better. The whole deal stinks."

L.A. Times:

But Obama's victory fell short of what he had campaigned for, and came at a high cost. Even if the House later Tuesday or Wednesday musters the votes to approve the bill that the Senate was to vote on in the wee hours of Tuesday morning, the terms of this compromise guarantee another pitched battle over spending and taxes within months.

Whether the agreement announced Monday evening turns out to be truly a victory for Obama or a lost opportunity, as many of his liberal critics feared, will depend heavily on how that next battle turns out. [...]

The persistent battle over spending, which already has consumed Washington for two years, threatens to block Obama's other major legislative priorities, including immigration reform and gun controlMoreover, to get a deal, Obama had to accept far less new revenue than he had wanted. [...]

"I just think that's grossly unfair," Sen. Tom Harkin (D-Iowa), a liberal leader, said in a Senate speech Monday objecting to the deal. "If we're going to have some kind of a deal, the deal must be one that really favors the middle class — the real middle class." [...]

The challenge of squeezing tax increases out of a Republican-led House will get harder, not easier, in the new year. Without the threat of an automatic tax increase, Obama has much less leverage, said Jared Bernstein, the former chief economist and economic advisor to Vice President Joe Biden. And Republicans will gain leverage through their threats to refuse an increase in the debt ceiling, which would cause the government to default on its bonds. [...]

"The Republicans are absolutely sharpening their knives for that next fight, which is horrific, by comparison — a much worse self-inflicted wound on the economy."

"To be fair," he said, "there are good things in this deal and if the president truly refuses to negotiate on the debt ceiling, it may turn out to be a pretty good deal. But if he folds, then he will have squandered his leverage."

Check, mate.

check mark