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Obama: Protecting the rich binds together the Republican Party

President Barack Obama on Thursday said the only thing keeping Republicans together was a desire to shield the rich from higher taxes, in a new jab over an imminent budget confrontation. Obama is mounting a full bore campaign push to heap blame on Republicans over a multi-billion dollar package of…

Cain reveals tax loopholes, says plan is really 9-0-9

At a campaign event in Detroit Friday, Republican presidential candidate Herman Cain revealed exceptions to his 9-9-9 tax proposal that make the plan less like the flat tax that his supporters have made it out to be. Cain scheduled Friday’s speech after other Republican candidates attacked his plan at Tuesday’s…

Obama invokes Reagan to rebut class warfare charge

DALLAS, Texas — President Barack Obama on Tuesday invoked conservative icon Ronald Reagan to rebut Republican claims his plans to raise taxes on the rich smacked of class warfare. In a campaign event in Texas, Obama referred to a speech that former president Reagan gave about tax reform in Atlanta…

‘Super-Committee’ Democrats push tax hikes first in deficit talks

WASHINGTON (Reuters) – Democrats want tax hikes to be the first item negotiated in “super committee” deficit-reduction talks, trying to force Republicans to confront an issue at the heart of this year’s budget fights, sources told Reuters. The tough stance by Democratic members of the powerful 12-member congressional panel reflects…

Michael Moore elated by Obama’s speech

Filmmaker and author Michael Moore said on MSNBC’s The Rachel Maddow Show that he was delighted by President Barack Obama’s speech on Monday. “I think what happened today was exactly what we’ve been wanting President Obama to do,” he said. “And he has to do more of it.” During his…

Obama: ‘This is not class warfare; it’s math’

President Barack Obama Monday introduced his plan to trim the deficit, including a “Buffett rule” — named after billionaire Warren Buffett — which would ensure that people making over $1 million a year would pay a tax rate as high as the people that work for them. “Middle class families…

Obama fires up campaign for jobs plan

An impassioned US President Barack Obama Friday cranked up pressure on Republicans to back his new tax cuts, deploying the fireworks of the campaign trail to promote his new economic plan. Obama traveled to the key 2012 swing state of Virginia, the political turf of one of his top Republican…

Van Jones on the deficit: ‘We are not stupid. We can do the math.’

Van Jones, Obama’s former green jobs czar, kicked off a new progressive movement at New York City’s Town Hall last night with an ambitious goal — to build a vocal counterweight to the Tea Party, who he says has monopolized the dialogue on America’s economic woes. “We are trying to…

Obama proposes more tax incentives for job-creating firms

President Barack Obama said on Saturday he wants to create tax incentives for businesses that innovate and create new jobs. “I want to give every business in America a tax break so they can write off the cost of all new equipment they buy next year,” the president said in…

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