As scheduled, Obama spoke about the economy in Cleveland today. While he formally unveiled the major new incentives and infrastructure projects that we discussed here last night, the big news came when he announced unequivocally that he would not support the extension of the Bush tax cuts for the super-wealthy. The statement was unexpected, as […]
Tag Archives: tax loopholes
Obama announces economic plan, states he will not renew Bush tax cuts for the super-wealthy
Posted in Corporate Crime, Economics, Politics Also tagged Bush tax cuts, Cleveland, Consumer Financial Protection Bureau, deregulation, Elizabeth Warren, John Boehner, loopholes, middle class tax cuts, Obama, Peter Orszag, tax policy, the growing gap between rich and poor, the plight of the overtaxed rich 21 Comments
Hummer burial in Detroit
Today, as progressive groups from around the nation were massing in Detroit in preparation for tomorrow’s much anticipated U.S. Social Forum, the folks from Code Pink, together with Tyree Guyton and volunteers from the Heidelberg Project, came together to bury a burned-out Hummer. Here, from a May post on the Code Pink website, written on […]
Posted in Art and Culture, Detroit, Politics Also tagged art cars, art installations, Code Pink, Ellery Street, Fuck You H2, gas mileage, General Motors, GM, H2, Heidelberg Project, Heidelberg Street, Hummer, Humvee, protest art, SUVs, Taxpayers for Common Sense, Tyree Guyton, U.S. Social Forum, visionary art, WXYZ 8 Comments
Closing tax loopholes for billionaires
I don’t have the time or desire to put together a long post tonight on how our American tax code is unnecessarily complicated, and favors the super-rich. To do it well would be a daunting task, and I’m not up for it at the moment. What I am up for, however, is passing along this […]
Posted in Economics, entrepreneurism, Politics Also tagged Angel Investor Tax Credit, angel investors, billionaires, call to action, capital gains, Christian Science Monitor, college tax credit, hedge fund loophole, hedge funds, Henry Kravis, loopholes, MoveOn, Paul Allen, private equity, Robert Reich, startup investing, tax the rich, taxes, the plight of the overtaxed rich, vodka, vodka eyeballing 42 Comments