Future of Nation Depends on Grover Norquist's Definition of 'Tax Increase'

Jim Newell · 07/21/11 11:19AM

Grover Norquist, head of Americans for Tax Reform, is the guy who makes most Republican members of Congress sign a pledge never to raise taxes, making him one of the more powerful people in Washington. But today he's confirmed that there's a loophole in his pledge — one that's potentially worth $4 trillion in new tax revenue! Washington is too weird.

White House Stops Pushing for Higher Top Tax Rates in Deficit Deal

Jim Newell · 06/27/11 04:39PM

The White House has maintained its unwavering promise that the President won't sign any major deficit reduction deal without substantial revenue increases. Much of this could come through closing tax loopholes and canceling ending major subsidies, but obviously the cornerstone of the White House's call for more revenues is to return the highest two income tax bracket rates to their Clinton-era levels. But yet again, it's starting to sound like that's being put on hold.

Obama Reveals His Grand Bargain on Taxes

Jim Newell · 12/06/10 07:18PM

Barack Obama just announced his final deal with Republican leaders on extending the Bush tax cuts, unemployment benefits, and other issues, after secret negotiations. Here are the details. In short: There won't be much government revenue next year.

It's Time to Deal with Those Bush Tax Cuts

Jim Newell · 09/07/10 11:45AM

Members of Congress are finally heading back to their jobs after an entire month of summer vacation. And, to their disgust, they have important work ahead: determining the future of the expiring Bush tax cuts. What will they do?