President Obama's 2014 budget proposal calls for a so-called 'Buffett Rule' that would ensure that high-income households pay at least a minimum percentage of their income in taxes. It turns out that setting a floor on the taxes rich people pay is not so easy, Williams writes.
The rejection by several Republican-led states of the Affordable Care Act’s Medicaid expansion to provide health care access to millions of America’s poor isn’t just partisan politics; it’s immoral. It’s not too late to press state leaders to put people ahead of partisanship.
In the new politics of Congress, deals are no longer fashioned by moderates, who vanished long ago, but by a few lawmakers on the left and right who have the respect, clout, and just enough pragmatism to surmount the culture of division.
Higher payroll taxes will take $115 billion out of workers’ pockets this year and cut consumer spending, according to the Tax Policy Center.
Washington tells us that if only we could make more debt available to small businesses they would be able to export more products outside the US, Cornwall writes. But most surveys of small business owners tell us that the weak economy and sluggish sales are their biggest problems, and not the availability of debt.
The US spends twice as much per person on health care as other advanced economies, and Medicare is one of the biggest culprits. But here's why cutting its costs won't be easy.
Financial collapse is related to high oil prices, Tverberg writes, and also to higher costs for other resources as we approach their limits.