Fox Flakes Out and Worries that Democratic Lame Ducks Will Roar

I’m tellin’ ya’, you’re going to be hearing a lot about how lame ducks shouldn’t be doing anything – because, well, if they were to do something, it would be more liberal legislation than the Republicans want. In order to avoid this, Republicans are attempting the preemptive strike against lame duck legislation. This is, of course, the opposite of what the Republicans thought when they were the lame ducks and they did small things like impeach a president.

America Agrees With Obama No More Tax Cuts for the Rich

One of the issues that Republicans have been running on is extending the Bush tax cuts for the top 2% of earners, but a new Gallup poll released today revealed that a large majority of Americans don't want the tax cuts extended to the richest Americans. 59% favor either letting the tax cuts completely expire, or extending them for those making $250,000 or less.

Reaganites: Reagan Would Never Support Extending the Bush Tax Cuts

Republicans Betray Theories of Regananomics

Earth to the Republican Party: David Stockman, the architect of Reaganomics, declared on NPR that “Reagan would never support extending the Bush tax cuts.” Stockman took this assertion a step further in calling out the Republican leadership for perverting the notions of fiscal conservatism and betraying what the Party used to stand for. He laid his harshest blame on the Bush administration.

Obama Hits Republicans for Lying About His Tax Cuts

In a speech about the economy at Smith Electric Vehicles in Kansas City, MO, President Obama set out not only to highlight jobs being created in the green energy sector, but he also jabbed at Republicans for distorting his record on tax cuts. Obama said, "We immediately cut taxes, that's right. You wouldn't know it from listening to folks, but we cut taxes for working families..."

President Obama Debunks the Myth of the Fair Tax

One of the things that have not been reported on about Barack Obama's visit to Buffalo, NY today was his reaction to a question about abolishing the IRS and moving to a flat tax. Obama said, "In order to have a flat tax that was revenue-neutral, that didn't add to the deficit, it'd have to be a pretty substantial tax, but it would mean a huge tax break for Warren Buffett."