Paul Krugman: Neither candidate is offering a realistic tax plan

Running for office, especially president, has become more about the sport of it, more about the person running, and less about the country. Because of this we get fiscally reckless tax policy from both sides of the isle that panders to an ignorant, self-absorbed public. It’s easy to call for tax cuts. It’s weak to call for tax cuts when you know taxes need to be raised. At least on some level President Obama recognizes this with his call to raise taxes on the top 2%. Mitt Romney however, is completely delusional on tax policy. The idea that you can severely cut taxes and make up for it by closing loopholes and growing the economy is ludicrous. It’s what you say to people when you are more concerned with winning a job and less concerned with serving the country.

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Republicans endorse English as official language, offer nothing constructive to create jobs

All you hear from Republicans is how President Obama has failed on the economy and how the “stimulus didn’t work,” yet Republicans offer nothing constructive. The one thing that “do nothing” Republicans in congress are actually quite good at doing? Obstruction. Well, that and trying to pass bills that have nothing to do with improving the country, whether it’s nearly 3 dozen votes to repeal the Affordable Care Act (Obamacare), restrictions on women’s rights or today’s waste of time: a hearing about an “English-only” bill proposed by, you guessed it, House Republicans.

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Only the ‘One Percent’ and their sympathizers oppose raising the minimum wage

I reported on Friday that over 100 House Democrats are proposing a raise in the minimum wage from $7.25 to $9.80 over the next 3 years, and then tie it to inflation after that. We know it polls high, so who could possibly be against raising the minimum wage? Could it be those noble and patriotic business owners? OK, maybe it’s not all of them but it’s safe to say most of the opposition to raising the minimum wage is comes from the “one percent” and their sympathizers in congress, otherwise known as the Republican Party.

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Mitt Romney’s ‘you didn’t build that’ moment

President Obama accurately explained in a recent speech (used out of context by the right for political gain) that the people who start businesses rely on the infrastructure that “We the People” have built. In a civil and democratic society, we collectively build the roads, bridges, schools and employ the teachers that make it possible for anyone with a dream to pursue it and start a business. Remove politics from the equation and you won’t find many who would disagree with this, but there are many who forget it when they say government is the problem, not the solution. This is not a zero sum game. The success of business, the economy and capitalism itself can be achieved through hard work in both the public and private sectors.

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Federal tax rate hit 30-year low in 2009

Here’s a story that completely contradicts Republican anti-tax gospel. The tax rate paid by Americans to the federal government in 2009 was at a 30-year-low. I thought Obama raised taxes? I thought lower taxes = job growth. Where are the jobs Republicans? Why is the economy not doing better with the tax rate at a 30-year low?

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American Jobs Act: Real Jobs For Real People

President Obama proposed the American Jobs Act back in September of last year, a full 10 months ago. This proposed legislation could have put millions of Americans back to work but congress decided doing nothing was a better idea. More specifically, Republicans decided doing nothing was a better idea. There are millions of Americans who could now be working or would be working soon as that money was spent but instead they are on the sidelines, still looking for work and not consuming, only making the economy worse, not better.

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