February 4, 2013 • 4:59 am
Government by the people and for the people, just not paid for by the people? The American public continues its ambivalence towards governance and the dollars and cents that it costs, the civil liberty decisions and the intrusion into personal matters. Americans have come to see government as the root of many evils and seem to lack the political imagination to conceive of a way out or an alternative… The Pew Research Center puts out yet another timely study and overview of this important public opinion topic.
“As Barack Obama begins his second term in office, trust in federal government remains mired near a historic low and frustration with government remains high.
Explore public attitudes towards the federal government over time and compare the data with other key national indicators, such as …”
via Public Trust in Government: 1958-2013 | Pew Research Center for the People and the Press.
Filed under: Blogosphere, Civic Engagement, consumers, Culture Think, Demographic Change, News, States Rights & Poverty, symbolic uses of politics, Tax Policy, Federal devolution; big government; state's rights;, government waste; government corruption; your taxes at work; big government big waste;, role of government
October 23, 2012 • 2:34 am
The Center for Budget and Policy Priorities provides strong evidence and argument about current deficit, which has hampered economic recovery for the Obama administration, has it’s roots in Republican policies under the previous Bush administration and Republican obstructionism …
“Some lawmakers, pundits, and others continue to say that President George W. Bush’s policies did not drive the projected federal deficits of the coming decade — that, instead, it was the policies of President Obama and Congress in 2009 and 2010. But, the fact remains: the economic downturn, President Bush’s tax cuts and the wars in Afghanistan and Iraq explain most of the deficit over the next ten years — according to …”
More via Downturn and Legacy of Bush Policies Drive Large Current Deficits — Center on Budget and Policy Priorities.
Filed under: access to education, Blogosphere, Economic Recession, Election 2012, National Debt, News, Tax Policy, Unemployment, Vote, WeSeeReason, America was busted by Bush, Busch defecit, Bush deficit legacy, economic downturn affects prices and supply and demand, Republican deficits
October 18, 2012 • 1:47 pm
Income inequality has soared to the highest levels since the Great Depression, and the recession has done little to reverse the trend, with the top 1 percent of earners taking 93 percent of the income gains in the first full year of the …
More via Income Inequality May Take Toll on Growth – NYTimes.com.
Filed under: Blogosphere, Children and Poverty, consumers, Election 2012, Feminization of Poverty, News, Tax Policy, The 47%!, corporate pay; leadership and wealth; exorbitant privilege; corporate profits; Executive Pay; Rich and Poor; Income Gap; income inequality;, income inequality
October 17, 2012 • 3:17 am
How does a private-equity kingpin worth at least $250 million pay a lower tax rate – just 14 percent – than many teachers and firemen? By exploiting tax loopholes that favor the rich and hiding his money in the world’s most notorious havens for tax …
More via Mitt Romneys Tax Dodge | Politics News | Rolling Stone.
Filed under: Blogosphere, Election 2012, News, Tax Policy, The 47%!, Vote, Romney and taxes, Romney blunders
October 4, 2012 • 3:29 am
Cutting to the heart of their differences, President Barack Obama and Republican Mitt Romney laid out contrasting visions for the federal government in their first debate in …
More via Obama, Romney Spar Over Taxes in Presidential Debate – WSJ.com.
Filed under: Blogosphere, Election 2012, News, Tax Policy, The 47%!, Election 2012;, Presidential debates
September 28, 2012 • 10:15 pm
September 20, 2012 • 4:42 am
Statistics about the share of U.S. households that pay federal income taxes are sometimes cited as evidence that low- and moderate-income families do not pay sufficient taxes. Yet these figures, their significance, and their policy implications are widely misunderstood.
These figures ignore the substantial amounts of other federal taxes — especially the payroll tax — that many of these households pay.
Most of the people who pay neither federal income tax nor payroll taxes are low-income people who are elderly, unable to work due to a serious disability, or students, most of whom subsequently become taxpayers.
Moreover, low-income households as a group do, in fact, pay federal taxes. These households also pay substantial state and local taxes.
When all federal, state, and local taxes are taken into account, the bottom fifth of households pays about 16 percent of their incomes in taxes, on average.
Read more via Center on Budget and Policy Priorities.
Filed under: Blogosphere, News, Tax Policy, WeSeeReason, Understanding taxation, Who pays taxes?