All Blog Posts Tagged 'rich' (3)

Why Obama Must Stand Firm on Taxing the Wealthy

Earl Ofari Hutchinson

President Obama has heard every argument from the GOP, the gaggle of conservative economists, and financial analysts on why it’s foolhardy to press for a tax hike on the wealthy. The hike won’t come close to raising the revenue needed to avert the fiscal cliff. It will stunt business growth and drive the economy into another recession. The wealthy already pay more than their fair of taxes while millions of Americans on the…

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Added by Earl Ofari Hutchinson on December 13, 2012 at 11:59am — No Comments

Cynical Politics Drives GOP’s Tax War with Obama

Earl Ofari Hutchinson

Despite tepid and cautious remarks from a handful of GOP congressional leaders and commentators that they are open to compromise on the Bush tax cuts and revenue raising measures, President Obama will still have a huge fight on his hands getting his tax proposals passed. The hard truth is that the pummeling the GOP got in the election hasn’t moved them one inch from their stuck in cement tax orthodoxy…

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Added by Earl Ofari Hutchinson on November 15, 2012 at 10:07am — 1 Comment

Poverty Issue remains Missing on the Presidential Campaign Trail

Earl Ofari Hutchinson

Two reports issued the same day told of two appalling realities. One report on poverty was based on an AP survey. It found that the poor are getting poorer, and more numerous than at any time in the last half century. The other report from the Tax Justice Network found that the super-rich are getting richer, and they are…

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Added by Earl Ofari Hutchinson on July 23, 2012 at 8:49am — No Comments