House budget-cutters are taking their inspiration from the greatest giveaway — to the rich — artist the nation’s capital has ever known.
Hedge fund honchos bet on stocks. They bet on gold. They bet on lawsuits. Most of all, they bet that the rest of us will never wise up to the awesome giveaway our current tax code ladles on them.
If the wealth of the wealthy really bothered Americans, flacks for grand fortune enjoy declaring, our political system would be shaking something fierce. They don’t see a whole lot of shaking. Should we?
The rising public clamor for higher taxes on America’s wealthy has conservative ideologues uneasy. For good reason. They don’t have the numbers on their side. Or history either.
Has Jim DeMint, the right-wing senator leading the assault on federal domestic spending, finally gone too far? His corporate executive benefactors may soon come to think so.
Lavishly paid corporate executives, flush with tax-deductible taxpayer dollars, have plenty of reason to relish the right-wing assault on ‘overpaid’ public employees. But we can wipe that grin off their faces.
Mega-millionaire residents of Manhattan’s finest luxury towers pay less of their income in federal taxes than the janitors in their towers do. Once upon a time, we had a law that discouraged that distinction.
It’s federal budget time, and they’re talking 1950s on Capitol Hill. Well, sometimes we can move forward by turning the political clock back. But we have to know exactly where to stop.
Corporate America is working feverishly behind the scenes to smother a new federal mandate, enacted last year, that just might revitalize the drive to roll back excessive executive pay. Sometimes lobbyists — even the most perfectly coiffed — mess up. Lobbyists for Corporate America messed up big-time last summer. They let slip into law, via […]