Mad Wombat

A moderately liberal Democraticly-themed blog

Tag Archives: Taxes

No, GPA Distribution is not the same as Wealth Distribution

So Fox News published this article about a recent college graduate trying to make a point about wealth distribution by comparing it to “GPA Distribution.” The jist of if is this: He goes around asking college students if they’d be willing to give their higher grade points to students with lower grade points, and then [...]

Absolute Tax Brackets: A Thought Experiment

Recently I was thinking of ways to reform the tax code, and I came up with an idea (I won’t call it brilliant, because I don’t know all the repercussions or how well it would work): Absolute Tax Brackets. The basic thought is this: The federal government would set up different brackets like it does [...]

Shocking: The American People support the Tax Compromise

So says the Washington Post poll: About seven in 10 Americans back the tax deal negotiated last week by President Obama and congressional Republicans, according to a new Washington Post-ABC News poll. It’s clear that very few Americans support the whole shebang, but are willing to live with the compromise reached: A slender 11 percent [...]

Senator Sanders gave a nice speech and all, but…

I watched most of the first six hours of Senator Sanders’ 8 1/2 hour speaking marathon (I refuse to call it a filibuster because it wasn’t), and while I think he makes some very important points about income equality, why the Bush tax cuts are bad, and on several other issues, I think one important [...]

Jim DeMint: Make Unemployed Pay Back Unemployment Payments…with Interest!

I think most on the democratic side know that there is a threat on the left to try to scuttle Obama’s tax cut compromise.  However, things are not all well on the GOP side either. Shadow Senate Majority Leader Jim DeMint doesn’t like what he sees, and much like what progressives want Obama to do, [...]

Obama’s Tax Cut Compromise and Progressives

“Join me in a drink to celebrate our mutual dissatisfaction.” – Commander Shran Star Trek: Enterprise episode “Cease Fire” So a Obama-GOP Tax Cut Compromise has been reached.  I think all and all, it’s a rather reasonable agreement, considering the circumstances.  It includes some shit we don’t like (extension of tax cuts for the rich [...]

Netroots: Finally Getting It? Or Maybe Not

So my favorite (sort of) ex-bloggnig site once again had an interesting post yesterday.  It actually seems they get some stuff right this time.  However, it’s generally for the wrong reasons.  Also, they still get a lot of stuff wrong. First, the author makes some good arguments about why Obama isn’t stupid: One need not [...]

GOP Votes Down Extending Middle Class Tax Cuts, Senate Dems Opting for Suicide?

It is no surprise that the GOP in the Senate (plus 5 Democrats, four who preferred the “Millionaire option” and Feingold who wants everything to expire) voted down the proposal to extend tax cuts for only income under $250k 53-36.  An alternative only expiring cuts for those over $1 million also failed by the same [...]

The Democrat’s Tax Cut Problem

The Democrats currently find themselves in a bit of a bind regarding the extension of Bush’s Tax cuts in the last month of the year.  Remember, the tax cuts expire on January 1st, but the Congress is really going to only be in session for about two more weeks, so that’s how much time the [...]

Why a Temporary Extension of All Tax Cuts May be the Only Option

There is a major push to try to get tax cuts passed through the lame duck Congress before the end of the year, minus any tax cuts for the rich going on on the liberal blogs and in other quarters.  Since the Democrats still hold both Houses, this might sound like a decent plan at [...]

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