If you listened to the traditional media organs, they’ll tell you that we’re starting to see points of congruence on taxes at the academic, opinion leader level of both parties. Don’t believe them. At first glance, for example, Romney economic advisor Glenn Hubbard endorsing higher taxes on the rich suggests a white flag of surrender [...]

I tend to look at the available evidence from the President, that he wants to enact a “grand bargain” that cuts safety net spending far more than raising taxes, that he’s willing to put really misguided proposals like raising the Medicare eligibility age and cutting federal participation in Medicaid on the table, and I make [...]

When I wrote a preview of the lame duck session back in September, I called it “the fattest lame duck in captivity.” Because the Senate punted on so many items throughout 2010, it left a lot on the table to be completed, or at least attempted, in the November-December session. Looking back at that list, [...]

It’s Tuesday, so that means it’s time to get excited about yet another BP attempt to capture oil flowing out of the underwater gusher in the Gulf of Mexico. This time, we’ve got a new dome, now with 50% more dome technology. And BP admits going in that this wouldn’t actually plug the leak, just [...]

On a conference call put together by the Economic Policy Institute, Rep. Joe Courtney (D-CT) said that he has the signatures of 190 Democrats on a letter opposed to the excise tax on high-end “Cadillac” insurance plans, and that stopping this tax was the “#1 priority” of the House of Representatives as they move to [...]