Political Capital

Posts tagged: Tax Policy Center

Senate Budget Committee staff members hand out copies of the Obama Administration's proposed FY 2014 federal budget in the Dirksen Senate Office Building on Capitol Hill April 10, 2013 in Washington, DC.

Photograph by Chip Somodevilla/Getty Images

Senate Budget Committee staff members hand out copies of the Obama Administration's proposed FY 2014 federal budget in the Dirksen Senate Office Building on Capitol Hill April 10, 2013 in Washington, DC.

Bloomberg by the Numbers: 67%

That’s the share of the higher taxes under President Barack Obama’s budget proposal that the top 1 percent of U.S. taxpayers would pay in 2023. The figure comes from the nonpartisan Tax Policy Center, which yesterday released an analysis of...

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Commuters make their way home on a subway in New York.

Photograph by Scott Eells/Bloomberg

Commuters make their way home on a subway in New York.

Bloomberg by the Numbers: 36

That’s the percentage of the public that says changes to tax laws to avert the so-called fiscal cliff will help the economy, according to the Pew Research Center for People & the Press. That compares with 46 percent who say...

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President Barack Obama arrives to deliver a statement in the Brady Press Briefing Room at the White House in Washington, D.C., on Jan. 1, 2013. The House of Representatives passed legislation averting income tax increases for most U.S. workers after Republicans abandoned their effort to attach spending cuts that would have been rejected by the Senate.

Photograph by Brendan Hoffman/Pool via Bloomberg

President Barack Obama arrives to deliver a statement in the Brady Press Briefing Room at the White House in Washington, D.C., on Jan. 1, 2013. The House of Representatives passed legislation averting income tax increases for most U.S. workers after Republicans abandoned their effort to attach spending cuts that would have been rejected by the Senate.

Happy New Taxes Year: Deal Done

On the first day of this odd new year (2013): Democrats in Washington have fought to the end of a protracted debate to preserve the tax cuts that former President George W. Bush won for most American taxpayers. Republicans in...

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A deckhand washes a yacht that is docked in the Sag Harbor Bay in Sag Harbor, New York.

Photograph by Andrew Harrer/Bloomberg

A deckhand washes a yacht that is docked in the Sag Harbor Bay in Sag Harbor, New York.

Bloomberg by the Numbers: $443,910

That’s how much more the top 0.1 percent of taxpayers, on average, will pay in taxes under the budget deal, according to the nonpartisan Tax Policy Center. Folks with incomes over about $2.7 million would see their after-tax incomes reduced by 8.4 percent. They...

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Big Bird, who lists taxable wages of about $280,000, may not get much of a tax break if Romney gets elected.

Photograph by Everett Collection

Big Bird, who lists taxable wages of about $280,000, may not get much of a tax break if Romney gets elected.

Big Bird’s Taxes: Little Relief Promised in Romney’s Tax Cuts

If Mitt Romney gets elected president, Big Bird and his Sesame Street colleagues may have to go out and hustle donations to keep stations airing their show operating. Big Bird, who lists taxable wages of about $280,000 on the IRS...

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DNC chairwoman Rep. Debbie Wasserman Schultz introducing Vice President Joe Biden during a campaign event in Boca Raton, Florida.

Photograph by Joe Raedle/Getty Images

DNC chairwoman Rep. Debbie Wasserman Schultz introducing Vice President Joe Biden during a campaign event in Boca Raton, Florida.

Wasserman Schultz: Romney Scored With Style Points, Not Facts

  Debbie Wasserman Schultz, chairwoman of the Democratic National Committee, is willing to give Republican presidential nominee Mitt Romney some style points for his performance against President Barack Obama in their first debate. But she wants to deduct even more...

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Yet Romney’s ad, in highlighting $1 trillion in new taxes that Obama proposes, maintains these will hit the middle class.

Yet Romney’s ad, in highlighting $1 trillion in new taxes that Obama proposes, maintains these will hit the middle class.

Taxing the Middle Class: Ad War Impossible to Settle Without Detail

Who will raise taxes on the middle class? This is the question posed by Republican Mitt Romney’s new ad. His answer: President “Barack Obama and the liberals.” In particular, Nancy Pelosi, the former House speaker from California who helped Obama...

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Homes in Pittsburgh, Pennsylvania.

Photograph by Bruce Bennett/Getty Images

Homes in Pittsburgh, Pennsylvania.

Fiscal Cliff: $3,446 per Household

American households are facing an average tax increase of $3,446 in 2013, if Congress doesn’t avert the so-called fiscal cliff, the nonpartisan Tax Policy Center said in a study released today in Washington. The top 1 percent of households face...

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