1. - Tuesday, May 15, 2012 - 17:53 - 0 notes

  2. “The budget [Romney] came out with in the primary… said the Bush tax cuts weren’t enough, he wanted to cut even more on the job creators after ten years when we’ve had no jobs.”

    — Bill Clinton

  3. - Wednesday, April 18, 2012 - 21:22 - 1 note

    • Feingold: The real thing is repealing the Bush tax cuts—for fiscal reasons, not for symbolic reasons.
    • Scarborough: Is that for millionaires or is that for everybody? Repeal the Bush tax cuts for everybody?
    • Feingold: Yes. Repeal the estate tax and the higher income pieces.
    • Scarborough: Yeah, for everybody?
    • Feingold: I don’t think you want to go back to the marriage penalty piece. That’s, that’s—
    • Scarborough: But I’m talking, for all incomes—
    • Feingold: Yep. Yeah, I think we should repeal the Bush tax cuts.
    • Scarborough: For all incomes? I mean that’s, that’s five, four and a half, five trillion dollars right there over the next decade. That takes care of a lot of fiscal problems.
    • Feingold: Well we need the revenue in order to deal with our deficit situation, desperately.

    (Source: MSN)

  5. - Sunday, January 29, 2012 - 16:03 - 2 notes

  6. “Today is a great day for America.”

    — President Bush on Congress passing his tax cuts in 2001

    (Source: billmoyers.com)

  7. - Saturday, January 7, 2012 - 19:34 - 0 notes

  8. “You know, there was no big balls in the deficit, the federal deficit until the Reagan administration. And the reason it went up $4 trillion there—and that was the biggest jump we’d had up until that time under any administration—was because he kept increasing military spending and then giving tax cuts. You can’t cut your revenues and increase spending without—so that was the first thing that… I never bought supply-side economics. And the second big balls came under Bush Jr. — another $4 trillion. Why? Because he cut the taxes to the wealthy and got us into two wars. And so there’s $8 trillion of the $15 [trillion], over half of it on those two wars. We’ve got to quit getting involved in these wars which contribute nothing to our security.”

    — George McGovern

    (Source: charlierose.com)

  9. - Saturday, November 5, 2011 - 13:29 - Notes

  10. “The antigovernment movement’s most cherished conviction is that we can’t raise taxes on the ‘job creators’. We tried it their way for twenty of the last thirty years, and their strategy of using blanket tax cuts for high-income individuals didn’t work.”

    — President Clinton

    (Source: Washington Post)

  11. - Saturday, October 15, 2011 - 13:41 - 489 notes from Think Progress (originally from Think Progress)

  12. think-progress: Money the U.S. Treasury lost due to Bush tax cuts for the top 5 percent. This means $11.6 million every hour of every day. And the cost keeps going up, and up, and up. Source: National Priorities Project, in partnership with Citizens for Tax Justice

    think-progress:

    Money the U.S. Treasury lost due to Bush tax cuts for the top 5 percent. This means $11.6 million every hour of every day. And the cost keeps going up, and up, and up.

    Source: National Priorities Project, in partnership with Citizens for Tax Justice

  13. - Monday, August 29, 2011 - 01:38 - 181 notes from Notes from the Underground (originally from Soup)

  14. viciousbrandobruhl: shortformblog: soupsoup: Helpful reminder from Clusterstock that Bush drove us into this ditch, and a full rundown of downgrade reporting. Very helpful indeed.

    viciousbrandobruhl:

    shortformblog:

    soupsoup:

    Helpful reminder from Clusterstock that Bush drove us into this ditch, and a full rundown of downgrade reporting.

    Very helpful indeed.

  15. - Tuesday, August 9, 2011 - 11:17 - Notes

  16. “There’s also revenue. Let’s be very clear what we’re talking about with taxes, let’s not call it revenue, it’s raising taxes. I want to go back to the Clinton tax rates for people in the top 2%. Here’s what we are proposing: if you make more than $250,000 a year in taxable income, after all your legitimate deductions, if you’re making more than $250,000 a year in taxable income, for every $1000 additional you make, I want to tax you $30. $30 on every $1000 above $250[k]. If we do that, and we pull out of Iraq and Afghanistan, we can start on a better path to reducing the deficit, and we have to do some restraints elsewhere. We don’t have to cut old ladies who are living on $19,000, we don’t have to make people who have stood on their feet all their lives work a few more years. You know, the irony is we are subsidizing the military budgets of Western Europe. None of them pay anything like a percentage of their Gross Domestic Product like we do, so that they can give their people better healthcare and better retirement and better benefits altogether.”

    — Rep. Barney Frank

    (Source: MSNBC)

  17. - Monday, August 8, 2011 - 20:44 - 519 notes from randomness from a dark and twisty person (originally from BLOGGING via TYPEWRITER.)

  18. “

    “…Right there, in the fine print of (Standard & Poor’s U.S. credit rating) downgrade release, they said that a big factor was that, quote, ‘the majority of Republicans in Congress continue to resist any measure that would raise revenues,’ unquote. And they give an example of how to fix that: quote, ‘initiatives, such as the lapsing of the 2001 and 2003 tax cuts for high earners,’ unquote. In other words, S&P would like to see higher taxes on rich people.

    Folks, whatever you think of Standard & Poor’s, when a Wall Street firm run by rich people recommend higher taxes on rich people, they might just know what they’re talking about.

    ”

    — CBS Radio commentator DAVE ROSS. (via inothernews) (viadarkandtwistyrandomness)

  19. - Monday, August 8, 2011 - 13:39 - 9 notes

  20. “Despite red ink that stretches out as far as the eye can see, the United States is far from bust. With taxes (federal, state, and local) totaling just twenty-five per cent of G.D.P., there is plenty of room to raise revenues. The U.S. government could also curb its long-term spending plans. But the political system appears to be incapable of doing either of these things. Since 2000, the United States has started two wars and introduced two big entitlement programs—a prescription-drug plan for Medicare (George W. Bush) and subsidies for purchasing private health insurance (Barack Obama)—while slashing the overall federal tax burden to its lowest level in sixty years. That is not the behavior of a responsible nation.”

    — John Cassidy

    (Source: newyorker.com)