Tag: payroll tax

Fiscal Cliff – We got a parachute

Once again at the 12th hour a deal is reached. Over the next several days we will get more details on this deal. Here’s what I think that we have: Bush tax cuts: The deal would extend all of the Bush tax cuts for incomes below $400,000 for individuals and $450,000 for families, while reinstating the Clinton-era 39.6 percent tax rate for income above those thresholds. It will also push the capital gains rate on investment income back to 20 percent for income above $400,000 for individuals and $450,000 for families. President Obama had asked for an extension of rates only for

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Keystone Dead For Now

Just because it looks as if the Keystone Pipeline is dead, don’t think that this fight is over. Some very powerful people stand to make tons of money for this project to simply die. It will be back, I promise. From The Nation: For the second time in as many months, the Obama administration has rejected the Keystone XL pipeline—a hugely controversial project that would traverse the length of the country from Nebraska to the Gulf of Mexico, carrying heavy and dirty tar sands oil from deep in Canada. You’ll recall that, following a summer of protests and civil disobedience, the

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GOP: Let’s Get Tough

When the GOP took the House, they promised to focus on jobs and the American economy. Over the last year, they’ve taken a hard line on multiple issues. None of these issues were going to help the job market or the average American worker. Back in April the GOP was going to shut down the government by slashing hundreds of billions of dollars for domestic programs. That didn’t work so well. Then, in August, we had the debt ceiling debate where, once again, the GOP was prepared to shut down the government if they didn’t get what they wanted. There is

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ABOUT AUTHOR
Errington C. Thompson, MD

Dr. Thompson is a surgeon, scholar, full-time sports fan and part-time political activist. He is active in a number of community projects and initiatives. Through medicine, he strives to improve the physical health of all he treats.

Books

A Letter to America

The Thirteeneth Juror

Where is The Outrage Topics
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