Raising the age for Medicare eligibility from 65 to 67 is front and center in the GOP plan to avoid the fiscal slope – but it’s merely a budgetary sleight of hand that shifts costs to seniors and their families, employers and the states.
Corporate tax subsidies take up 15 cents of every public dollar spent in Washington
December 10, 2012 By 1 Comment
Recently, the New York Times released a database examining the incentives and subsidies corporations receive from various states. They identified 48 companies that have received more than $100 million in state grants since 2007, including companies with strong ties to Washington state such as Amazon ($348 million), Boeing ($338 million), Microsoft ($312 million), Weyerhauser ($406 million), and Orca Bay Seafoods […]
Chart of the day: Sources of federal revenue
December 6, 2012 By Leave a Comment
Given all of the recent talk about closing tax loopholes and deductions, here’s a chart showing sources of federal revenue. This chart is interesting because it comes from a recent report issued by the Senate Subcommittee on Investigations, which is exploring “how U.S. citizens and multinational corporations have misused and at time violated tax statutes […]
Cliff or not, world will keep turning
December 5, 2012 By Leave a Comment
Every day we hear about the fiscal cliff. But don’t be scared, because in reality it’s a fiction of rhetoric, foisted on the American people by Wall Street and inside-the-beltway politicians, especially those who just took a drubbing in November’s elections. The crowd of Wall Street elites and DC losers want to use the fiscal […]
