Senate Democrats Wrestle with Lame Duck Session Options

By: Monday June 11, 2012 6:55 am

Do Democrats have a plan for dealing with the fiscal “cliff”?  Based on interviews I conducted at Netroots Nation with four members of the Senate Democratic caucus — Senators Sheldon Whitehouse, Ben Cardin, Jeff Merkley and Sherrod Brown –  it seems they have far more than one. The end-of-the-year fiscal measures, totaling up to $7 [...]

Buffett Rule Fails to Advance in the Senate

By: Tuesday April 17, 2012 6:15 am

To the surprise of absolutely no one, Senate Republicans blocked consideration of the Buffett rule last night with a filibuster. The bill would have set a millionaire’s minimum effective tax rate at 30%, with a phase-in between $1 million and $2 million and an exemption for charitable donations. But Senate Republicans wouldn’t let it get [...]

Buffett Rule to Be Filibustered Today

By: Monday April 16, 2012 10:56 am

Today, the Senate will vote on a motion to proceed to the Buffett rule, formally known as the Paying a Fair Share Act. This concludes a two-week push by Senate Democratic leaders and the Obama Administration on the bill, and the larger conversation around tax fairness and the need for the rich to pay a [...]

Buffett Rule Can Be Traversed by Tax Planning, Just Like Any Part of Our Swiss Cheese Tax Code

By: Friday April 13, 2012 10:15 am

I don’t have a huge problem with the Buffett rule, which will get a vote in the Senate and fail on Monday. But I do have a problem with the concept of a minimum tax based on adjusted gross income as a killer app in tax policy, rather than just raising rates and closing loopholes. [...]

President Continues Full-Court Press on the Buffett Rule

By: Wednesday April 11, 2012 9:41 am

The President held another Buffett rule event today in Washington, featuring a series of millionaires and their secretaries. The people who have joined me here today are extremely successful. They’ve created jobs and opportunity for thousands of Americans. They’re rightly proud of their success. They love the country that made their success possible, and most [...]

It’s Going to Be A Long Seven Months Until the General Election

By: Wednesday April 11, 2012 8:18 am

With the general election kicking off yesterday, we will have seven more months of the kind of “I know you are but what am I” politics we saw on display yesterday. It’s almost too depressing to even contemplate. Mr. Romney fought back on his preferred turf, jobs and the economy, making the case that women [...]

Administration Continues Election-Year Push on Buffett Rule

By: Tuesday April 10, 2012 7:05 am

It’s certainly against type to see a Democratic Presidential campaign running on taxes. In particular, raising taxes on a certain subset of the population. But as they search for an articulated agenda, the Obama campaign has latched on to the Buffett rule, the alternative minimum tax for millionaires, as a key campaign plank. I noted [...]

Obama Campaign Jumps on Buffett Rule Vote

By: Monday April 9, 2012 12:58 pm

As Jon Walker noted earlier today, the one program that the Obama campaign is pressing forward with as an election-year promise for 2012 is the Buffett rule. This would set an alternative minimum tax of sorts for millionaires, ensuring that they pay a mandatory minimum effective tax rate. The Senate will vote on the proposal, [...]

Democrats Gear Up Fight Over Buffett Rule

By: Friday April 6, 2012 7:35 am

Yesterday, Democrats began their media push on the Buffett rule, which Sheldon Whitehouse and Tammy Baldwin have turned into legislation called the Paying a Fair Share Act. The bill would set a minimum 30% effective tax rate for earners making over $1 million. The revenue increase from the bill is actually kind of small. CBO [...]

Obama to Attack Ryan Budget Today

By: Tuesday April 3, 2012 8:55 am

Get ready for another round of whining from Paul Ryan when the President attacks his radical budget at a speech for newspaper executives today (starting at 12:30pm ET). In an election-year pitch to middle-class voters, President Barack Obama is denouncing a House Republican budget plan as a “Trojan horse,” warning that it represents “an attempt [...]

Recapping Thursday Action in Congress – There Was Some!

By: Friday March 30, 2012 6:21 am

Let’s briefly recap Congress’ busy day yesterday, as they head out for a two-week recess (Spring Break ’12 Cancun?): • I already mentioned the passage of the Paul Ryan budget. If you believe that politics have anything to do with policies, it is confounding for House Republicans to mostly walk the plank again, passing a [...]

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