Tax Cuts, Federal Debt | featured news

A very strange argument for Mitt Romney

Here is what Romney, so far in this campaign, has said. No changes to any entitlement programs for any seniors for the next 10 years. No specifics on how quickly his Medicare vouchers will grow for future seniors. No specifics on which tax breaks he’ll eliminate in order to offset the multi-trillion dollar cost of his tax cuts. No specific plan naming the cuts he’ll make to reach his $7 trillion target. No specifics on how he’ll equalize tax treatment of employer and individual health care. It is a campaign based on the principle of “not us, not now.”

 

Obama: ending tax breaks required to cut deficit

President Barack Obama pressed his case on Saturday for achieving deficit reduction, in part by ending tax breaks and singling out hedge fund managers, oil companies and billionaires to take the hit.

 

Deficit battle shaping up as GOP victory

Deficit battle shaping up as GOP victory

Regardless of any tax concessions President Obama achieves, the end result would favor Republican goals of cutting spending and government services. Even as the political battle mounts over federal spending, the end result for federal policy is already visible — and clearly favors Republican goals of deep spending cuts and drastically fewer government services.

 

Biden: Tax cuts for wealthy have to be part of deficit reduction plan

Vice President Joe Biden said Saturday the Obama administration wouldn't let middle class Americans "carry the whole burden" to break a deadlock over the national debt limit, warning that the Republican approach would only benefit ...

 

Democrats push for jobs package in debt deal

Democrats push for jobs package in debt deal

Democratic leaders called on Wednesday for new spending and tax cuts to boost the sluggish U.S. economy, setting up a fresh hurdle for bipartisan efforts to head off a government debt default this summer.

 

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