Posts Tagged ‘Newt Gingrich’

Gas Prices Are Too Low

GOP presidential candidates are blasting President Obama for not lowering the price of gasoline. Rep. Steve Scalise (R-LA) doesn’t stop there. He claims Obama is deliberately driving prices to $4 a gallon. He’s not. But he should.  In an election year, Obama may be the last guy who wants gas prices to rise. However, if  we […]

Most GOP Presidential Candidates Would Increase the Deficit

Republican Presidential candidates say–all the time–that they hate budget deficits. A linchpin of each of their campaigns is a promise to slash government and eliminate the deficit and the national debt. So which one of them would accomplish this ambitious goal? According to a new analysis from the non-partisan Committee for a Responsible Federal Budget, […]

Inside Obama’s Framework for Business Tax Reform

Here’s what I love about President Obama’s Framework for Business Tax Reform: His diagnosis of the problem is spot on. In just a few pages, the Treasury Department does a marvelous job describing what’s wrong with the way the U.S. taxes business. Anybody interested in understanding why the tax code is such a mess should […]

Romney’s Tax Plan: Big Benefits for the Wealthy and Higher Deficits

A new Tax Policy Center analysis finds that Mitt Romney’s tax plan would cut taxes for millions of households but bestow most of its benefits on those with the highest incomes. At the same time, it would significantly cut corporate taxes and add hundreds of billions of dollars to the deficit. Compared to current law (assuming […]

The Tax Vox 2011 Lump of Coal Award: Kicking the Can Edition

Welcome to Tax Vox’s fifth annual Lump of Coal Award recognizing 2011’s ten worst moments in fiscal policy. It is hard to imagine so much ugliness crammed into a mere 12 months. But after much thought and debate, the winners are: 10. The rating agency Standard & Poor’s for downgrading U.S. debt based upon a […]

Gingrich’s Tax Plan: Big Tax Cuts, Big Deficits

GOP Presidential candidate Newt Gingrich is proposing a massive tax cut aimed at the highest earning American households. Gingrich’s plan would add about $1 trillion to the federal deficit in a single year. And while most of the nation’s lowest income families would get no benefit from these tax cuts, the top 0.1 percent (who […]