(Associated Content) — The Obama Compromise Bill may have passed without their approval and their proposed amendment for a provision regarding 99ers, but at least two members of the Congressional Black Caucus are doing something that might ultimately help those long-term unemployed workers who have exhausted all regular unemployment benefits and extensions available to them. […]
(Washington Post) — As President Obama prepared to sign his $858 billion tax dealFriday, White House aides moved quickly to soothe the anger among liberal constituency groups that bitterly opposed the measure. An e-mail distributed to black leaders declared the package a “major victory for African-Americans,” arguing that a series of middle-class tax cuts will give “targeted” aid […]
Despite days of dissent Democrats gave Obama votes needed for another win.
(Afro) — Having won the endorsement of the man dubbed America’s “First Black President,” Bill Clinton, the Obama administration on Dec. 10 peddled the tax deal made with Republicans as a boon for the African- American community. “We feel we really were winners in this deal because we got a lot of priorities through that […]
(Huffington Post) — A lot has been said about the proposed tax giveaway to the wealthiest Americans and the austerity measures recommended by President Obama’s deficit commission. However, an analysis of the impact that both proposals would have on black and brown Americans has been missing from the conversation. U.S. Census Bureau projections show that […]
Democrats are struggling to see the good in a plan that continues large tax breaks to the wealthy.
(Wall Street Journal) — The Rev. Al Sharpton and Rep. Anthony Weiner — two of the brashest voices in New York politics — are dueling over the proposed tax deal cut between President Barack Obama and congressional Republicans. Many liberals have attacked the deal and criticized the president for what they see as caving in to […]
(LA Times) — The tax-cut deal President Obama struck with congressional Republicans reflects an enduring political reality: Forced to choose, Washington’s leaders kick long-term problems down the road. The agreement would add a staggering $700 billion to the federal budget deficit in the next two years alone, and the prospects for tax cuts and their negative consequences […]
(New York Times) — President Obama on Tuesday strongly defended his tax cut deal with Congressional Republicans against intense criticism from his own party, insisting it was “a good deal for the American people.” Struggling to ensure that the package would win approval, the White House deployed Vice President Joseph R. Biden Jr. to Capitol Hill […]
(Wall Street Journal) — President Obama’s newly proposed tax package is being praised, though with cautious optimism, by several of the nation’s most prominent small-business advocacy groups. The Republican-backed deal with its temporary extension of Bush-era income tax cuts would have a direct impact on a large segment of entrepreneurs, whose small-business income falls into […]
The rich keep their tax breaks, unemployment payments are extended and payroll taxes are eased.
(Washington Post) — Democratic activists Thursday sharply criticized White Houseofficials after a published report indicated that President Obama is likely to back a temporary extension of tax cuts for households with income over $250,000 a year. Obama responded Friday that while he was open to compromise, his top priority remains making middle-class tax cuts permanent. In an […]