Amgen Subsidy In “Fiscal Cliff” Deal Under Fire

By: Monday January 28, 2013 6:49 am

Buried within the “fiscal cliff” deal was a massive piece of Corporate Welfare for pharmaceutical giant Amgen. That’s not surprising given that the tax increases in the bill were completely offset by the Corporate Welfare stuffed into it – so a huge waste of time deficit wise. But the Amgen subsidy is causing consternation given [...]

Corporate Welfare In “Fiscal Cliff” Deal More Than New Income Tax Revenue

By: Monday January 7, 2013 5:33 am

Well this is embarrassing. While President Obama pretended raising taxes on those earning $250,000 $450,000 a year and making the rest of the Bush tax cuts permanent was some kind of achievement in fiscal discipline, he spent more than the revenue those taxes will bring in giving welfare to some of the richest corporations in [...]

“Fiscal Cliff” Deal Packed With Corporate Welfare

By: Thursday January 3, 2013 7:34 am

What may be unknown to many who observed the “fiscal cliff” legislative brawl is that nestled within the legislation was a smorgasbord of corporate goodies. The corporate welfare provisions within the bill received scant attention as the chief concern for most was whether or not the Republican Congress would kill the deal and plunge America [...]

Boehner To Reid “Go F– Yourself”

By: Wednesday January 2, 2013 6:11 am

More news from the Republican meltdown: It was only a few days before the nation would go over the fiscal cliff, no bipartisan agreement was in sight, and Reid had just publicly accused Boehner of running a “dictatorship” in the House and caring more about holding onto his gavel than striking a deal. “Go f— [...]

$449,999 A Year Is The New Middle Class

By: Wednesday January 2, 2013 5:55 am

It’s the law: The House of Representatives voted Tuesday night to approve a Senate bill to avert a feared fiscal cliff. The measure that sought to maintain tax cuts for most Americans but increase rates on the wealthy passed the Democratic-led Senate overwhelmingly early in the day… The legislation would raise roughly $600 billion in [...]

Obama Caves On Taxes While House Prepares To Vote On Deal

By: Tuesday January 1, 2013 5:52 am

After winning two Presidential elections campaigning on raising taxes on those making over $250,000 a year, Barack Obama has once again caved to Republican opposition. This time in exchange for a deal to kick the can down the road: The White House and Senate leaders reached a bipartisan compromise on the fiscal cliff that would [...]

No Deal! House Expected To Adjourn Without Fiscal Cliff Vote

By: Monday December 31, 2012 2:16 pm

Even if the Senate comes up with a deal tonight the United States of America is still likely to go off the “fiscal cliff”: President Obama said Monday that Congress is making progress on a short-term “fiscal cliff” deal, but it is increasingly clear as a midnight deadline approaches that Washington will have to fix [...]

Obama “Deal Is Within Sight” But Not Done Yet

By: Monday December 31, 2012 11:04 am

Obama just concluded his 1:30 press conference – highlights: “Deal is within sight” but not done yet “Our most immediate priority is to stop taxes going up for middle class families starting tomorrow.” “Any future deficit agreement” after this week will have to include more taxes.” “If Republicans think i will finish the job of [...]

Senator Harkin “No deal is better than a bad deal”

By: Monday December 31, 2012 8:17 am

Harkin noted the only real difference between America today and America at the time of the Clinton tax rates was that the rich had gotten richer and were now trying to protect their wealth. He specifically noted the attempt to make the estate tax cuts permanent and said the Clinton tax rates were fine by him.

U.S. Senate Will Convene at 11am, Manchin Introduces Fiscal Cliff Soft Landing Bill

By: Monday December 31, 2012 7:53 am

Senate is now debating fiscal cliff on CSPAN-2 The U.S Senate is scheduled to convene at 11am EST, the House is already in session. While there are varying reports of offers and potential deals one bill has been publicly offered to help deal with the consequences of going over the fiscal cliff: Sen. Joe Manchin [...]

Cliff Watch: McConnell and Biden Haggle, Tea Party House Posing Problems

By: Monday December 31, 2012 5:22 am

We are roughly 16 hours from the fiscal cliff deadline Washington time and it seems the Obama Administration may have played its final card regarding the Senate negotiations, Vice President Biden: Senate Minority Leader Mitch McConnell (R-Ky.) and Vice President Joe Biden engaged in furious overnight negotiations to avert the fiscal cliff and made major [...]

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