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Rangel Gives Up, Then Doesn’t, Then Steps Down Temporarily From Ways And...
After a Congressional ethics panel found that he violated House gift rules on a corporate-funded trip to the Caribbean, and with other scandals percolating, multiple Democrats asked for Charlie Rangel...
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Stark Spends One Day As Ways And Means Chair; Sander Levin Takes Gavel
Well that was quick. A day after Pete Stark (D-CA) elevated to the chairmanship of the House Ways and Means Committee, replacing Charlie Rangel, he has stepped aside, with Sander Levin (D-MI) taking...
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Senate to Pass Tax Extenders Bill Using Health Care Pay-Fors
The Senate yesterday cleared cloture on the $150 billion dollar tax extender bill, which includes an extension of unemployment benefits and the COBRA subsidy until the end of the year, by a 66-34 vote....
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Trumka, White House, House Dems Decry Deficit Mania
AFL-CIO President Richard Trumka will address a rare public meeting of the Bowles-Simpson fiscal commission today and tell them that the best deficit reduction strategy at this time of mass...
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Treasury Fails to Label China Currency Manipulator
It’s amazing how you can figure out who wrote news stories just based on the headlines. While the Wall Street Journal writes “US Presses China on Currency,” a paper not completely tied into the...
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House Committee Will Take Up Chinese Currency Reform Bill
This is interesting. The House Ways and Means Committee has scheduled a markup for Friday of the Currency Reform for Fair Trade Act, a bill from Reps. Tim Ryan (D-OH) and Tim Murphy (D-PA) which would...
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Obama/GOP Trade Deal Looks Set
The White House has just released a set of facts sheets on a trade package that would include the three free trade deals negotiated by the Bush Administration, with Colombia, South Korea and Panama,...
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Final Payroll Tax/UI Deal Chops Off 20 Weeks of Benefits for Many Workers
In their pro forma session, the Senate passed by unanimous consent the latest – and final – version of a two-month stopgap bill to extend the payroll tax cut, unemployment insurance and the doctor’s...
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House Democrats Hit GOP For Stalling on Conference Committee
Nancy Pelosi and the House Democrats pulled off a neat little trick yesterday. The two-month extension of the payroll tax cut and unemployment insurance really only allows for one month of negotiation...
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Obama Proposes Replacing AMT with Millionaire’s Minimum Tax
In tomorrow’s deficit speech, the President will propose a replacement structure for the alternative minimum tax, which would create what he will call “the Buffett rule.” It will set a minimum tax for...
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Obama Campaign Jumps on Buffett Rule Vote
As Jon Walker noted earlier today, the one program that the Obama campaign is pressing forward with as an election-year promise for 2012 is the Buffett rule. This would set an alternative minimum tax...
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Administration Continues Election-Year Push on Buffett Rule
It’s certainly against type to see a Democratic Presidential campaign running on taxes. In particular, raising taxes on a certain subset of the population. But as they search for an articulated agenda,...
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President Continues Full-Court Press on the Buffett Rule
The President held another Buffett rule event today in Washington, featuring a series of millionaires and their secretaries. The people who have joined me here today are extremely successful. They’ve...
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Buffett Rule to Be Filibustered Today
Today, the Senate will vote on a motion to proceed to the Buffett rule, formally known as the Paying a Fair Share Act. This concludes a two-week push by Senate Democratic leaders and the Obama...
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Buffett Rule Fails to Advance in the Senate
To the surprise of absolutely no one, Senate Republicans blocked consideration of the Buffett rule last night with a filibuster. The bill would have set a millionaire’s minimum effective tax rate at...
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