From The Nation: The nonpartisan Tax Policy Center says roughly 46 percent of Americans paid no income tax for the last year where numbers are available, 2011. Slightly less than half of those who do not pay take advantage of tax breaks designed to ease the burden on elderly Americans…
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From WP: Mitt Romney’s comments on the 47 percent of Americans who make too little to pay income tax and “will vote for this president no matter what” are causing him some political problems this morning. But could they cause him any electoral problems? Is he really insulting anyone who…
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From ThinkProgress: Sheldon Adelson, the billionaire casino mogul who spent tens of millions of dollars seeking to buy Congress and the White House for Republicans, now has a new partner in this effort:
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From LFG: David Corn of Mother Jones revealed tonight on the Rachel Maddow show that the already-infamous Mitt Romney “47%” video was recorded at a fund-raising event at the Hamptons home of equity trader Mark Leder. Leder has been in the news before, and Mitt Romney’s religious right sponsors may…
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From The Atlantic: In 1990, President George H. W. Bush raised taxes, and GDP growth increased over the next five years. In 1993, President Bill Clinton raised the top marginal tax rate, and GDP growth increased over the next five years. In 2001 and 2003, President Bush cut taxes, and…
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From ThinkProgress: House Republican Leader Eric Cantor (R-VA) announced Friday that after next week, the House will stand in recess until November 13. His plan for a nearly two month vacation will undoubtedly allow more time for campaigning, but will leave several vital bills awaiting action. Among the important legislation…
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Charles Blow, New York Times, “Advantage, Obama”: Elections often turn on character moments and the slopes of lines. They are about who a candidate reveals himself to be under pressure more than who he says he is on stage. And they are about the direction of change when the time…
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From ThinkProgress: Thanks to the popular Obamacare provision that extends health insurance coverage to millions of young adults by allowing them to stay on their parents’ insurance until 26 years of age, a new report from the Centers for Disease Control estimates the number of uninsured young people dropped by…
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