A discussion of race, politics, media and the like… What I see is what you get.

Posts tagged “Tax breaks

Maddow: Shameless, Craven, Unprincipled, Partisan Hackery…


These guys are the height of unprincipled…except when it comes to undercutting the President…
They have blocked policies that they themselves have initiated or co-sponsored or supported, as far back as ’08, as soon as the President says he agrees with it. Too often this sort of context is missed by the mainstream media and the Repugs continue this unpatriotic behaviour and get off scot-free. This portion of the political debate needs more light given to it and the American people need to make these hacks pay…

: Shameless, craven, unprincipled, partisan hackery.

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Infographic: Tax Breaks vs. Budget Cuts


On which side of this chart do you reside? Where should we focus our energies to reduce our deficit? Which side supports working families and which side supports big business…?

The chart below compares the 10 safety-net programs slated for deep cuts with the cost of the tax breaks that should also be considered for reduction or elimination to bring the budget into balance. The column on the left is a list of safety-net programs that have already been targets of the House leadership’s budget ax. The column on the right is the cost to specified tax breaks (see bottom of page for sources).

Most Americans would be surprised to learn that tax breaks are not on the table during any budget negotiations. In fact, Congress has the Congressional Budget Office prepare an official spending estimate for the cost of all programs or their expansions. Meanwhile, Congress enacts and continues tax breaks without any requirement that the cost of tax breaks be calculated and shared with members before a vote.

That’s why, over the last 16 years, the cost to the Treasury of the mortgage interest tax deduction, for example, doubled from $48 billion in 1995 to nearly $100 billion this year and no one made a peep about getting control of this loss in revenue. The stunning growth in this tax break is unchecked and unquestioned. – Donna Cooper (Center for American Progress)

via Infographic: Tax Breaks vs. Budget Cuts.