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Thursday, Nov 18, 2010 10:30 PM UTC2010-11-18T22:30:00Zl, M j, Y g:i A T

“Patriotic millionaires” call for their tax cuts to expire

More than 40 of the nation's top taxpayers ask Obama to raise their taxes

Grabbing money

Grabbing money isolated on white background (Credit: Andrii Lychak)

Dozens of America’s wealthiest taxpayers — including hedge fund legend Michael Steinhardt, super trial lawyer Guy Saperstein, and Ben Cohen of Ben & Jerry’s fame — have appealed to President Obama not to renew the Bush tax cuts for anyone earning more than $1 million a year. Calling themselves “Patriotic Millionaires for Fiscal Strength,” the 40-plus signers today launched a website and a campaign that they hope will draw support from others who agree that fiscal responsibility should begin with those who can best afford it — as their letter to Obama explains:

We are writing to urge you to stand firm against those who would put politics ahead of their country.

For the fiscal health of our nation and the well-being of our fellow citizens, we ask that you allow tax cuts on incomes over $1,000,000 to expire at the end of this year as scheduled.

We make this request as loyal citizens who now or in the past earned an income of $1,000,000 per year or more.

We have done very well over the last several years. Now, during our nation’s moment of need, we are eager to do our fair share. We don’t need more tax cuts, and we understand that cutting our taxes will increase the deficit and the debt burden carried by other taxpayers. The country needs to meet its financial obligations in a just and responsible way.

Letting tax cuts for incomes over $1,000,000 expire, is an important step in that direction.

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Wednesday, Nov 17, 2010 12:17 AM UTC2010-11-17T00:17:00Zl, M j, Y g:i A T

Why Mitch McConnell is worse than Charles Rangel

Both men misused their power -- but the Senate leader gave corrupt BAE Systems $17 million in 2010 earmarks

U.S. Senate Minority leader Mitch McConnell listens during remarks about leadership elections on Capitol Hill in Washington

U.S. Senate Minority leader Mitch McConnell (R-KY) listens during remarks about leadership elections on Capitol Hill in Washington, November 16, 2010. REUTERS/Jim Young (UNITED STATES - Tags: POLITICS) (Credit: Reuters)

On the same day that the House Ethics Committee convicted Rep. Charles Rangel of nearly a dozen violations of congressional rules, Sen. Mitch McConnell announced that under pressure from fellow Republicans, he will surrender his beloved earmarks. This is a notable coincidence because, like Rangel, McConnell has rewarded corporate donors to an academic center named after him — and used earmarks for that purpose. The top corporate recipient of earmarks from the Kentucky Republican in the 2010 budget not only happens to be a donor to the McConnell Center for Political Leadership at the University of Louisville, but one of the largest and most corrupt defense contractors in the world.

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Wednesday, Nov 10, 2010 9:11 PM UTC2010-11-10T21:11:00Zl, M j, Y g:i A T

Meet the leader of the Obama witch hunt

If past is prologue, Oversight Chairman Darrell Issa will aim low and cheap -- by probing stimulus road signs!

Darrell Issa

Darrell Issa

How Darrell Issa will conduct the vital business of the House Oversight Committee when he takes over as chairman isn’t clear yet. When the California Republican describes his plans in the mainstream media, he strives to sound reasonable, bipartisan and public-spirited; but when speaking with media outlets and personalities, such as Rush Limbaugh, he sounds like a hard-line right-winger aiming to revive the paranoid partisan style of the Gingrich era — which would be more in keeping with the reputation he has already established. He displayed the fugue state that preoccupies him when he denounced President Obama on CNN as “the most corrupt” occupant of the Oval Office in modern times – and then withdrew that accusation with an apology.

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Thursday, Nov 4, 2010 1:20 PM UTC2010-11-04T13:20:00Zl, M j, Y g:i A T

Obama should push back — like Bill Clinton

It's true that Clinton compromised after 1994 -- but first he fought the Gingrich GOP to a standstill

Obama should push back  -- like Bill Clinton

Long before the dismal results of Tuesday’s election were complete, one especially dog-eared bit of guidance for President Obama was getting wide circulation in the mainstream: He must now emulate Bill Clinton, who “shifted to the center” after the electoral debacle of November 1994, “triangulated” his way to compromise with the Republicans, and won a second term.

Among the reasons why such advice is outdated and useless, the most obvious may be that Obama’s position today is stronger than Clinton’s after 1994. Today, unlike then, the Democrats can look forward to retaining control of the Senate. But there are two other overriding reasons why Obama shouldn’t seek to imitate Clinton by immediately seeking compromises with the Republicans.

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Tuesday, Nov 2, 2010 12:30 PM UTC2010-11-02T12:30:00Zl, M j, Y g:i A T

Inside Bill Clinton’s final midterm blitz

The American people "are starving for explanations," he tells Salon during one final five-state push

Bill Clinton returns a salute to the crowd as he stumps for Governor Joe Manchin in Beckley, W.Va., on Monday. Manchin is running against John Raese for the vacant seat of the late Sen. Robert Byrd.

Bill Clinton returns a salute to the crowd as he stumps for Governor Joe Manchin in Beckley, W.Va., on Monday. Manchin is running against John Raese for the vacant seat of the late Sen. Robert Byrd.

As Bill Clinton began the last day of the midterm campaign on a chilly morning in Saratoga Springs, not far from New York’s border with Canada, he confided jokingly that he had originally expected only “to do a few events this year to honor the people who had supported us,” noting that his wife, as secretary of state, is prohibited by law and custom from partisan politicking.

“This is my 127th event,” he recalled as the crowd of 1500 upstate Democrats laughed appreciatively. “And I’ve kept going because I am so concerned that in the fact-free environment of this election, people are going to choose exactly what they don’t want.” That concern spurred him on a grueling, 18-hour series of jet hops from two stops in the northern reaches of his adopted state on to McKeesport, Pennsylvania, then Beckley, West Virginia, Louisville, Kentucky, and finally Orlando, Florida for a late-night rally.

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Friday, Oct 29, 2010 9:30 PM UTC2010-10-29T21:30:00Zl, M j, Y g:i A T

Can”Vote Sanity” stop the madness?

The Rally to Restore Sanity may not identify the candidates driving America crazy -- but there are others who will

Jon Stewart

Jon Stewart

The secrecy surrounding the “Rally to Restore Sanity (or Fear)” leaves everything to the imagination until noon Saturday. Or almost everything besides the touted performances of John Legend and the Roots, Mavis Staples and Jeff Tweedy, and Sheryl Crow — none of whom would be likely to headline a Glenn Beck or Tea Party rally. Hosts Jon Stewart and Stephen Colbert can be expected to tweak Democrats as well as Republicans and to downplay their own political leanings. But if the satirists play true to the title of their event, what will they tell the hundreds of thousands trekking to Washington and the many thousands more watching the livecast? If the nation’s sanity needs to be restored, will they hint who might be most responsible for driving America over the edge? 

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