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Obama vs. McCain on Fiscal Policy
J. Bradford DeLong's Grasping Reality with All Eight Tentacles —
... The Obama Tax Plan: Even as Barack Obama proposes fiscally responsible tax reform to strengthen our economy and restore the balance that has been lost in recent years, we hear the familiar protests and distortions from the guardians of the broken status quo. Many of these very same critics made many of these same overheated predictions in previous elections. They said President Clinton's 1993 deficit-reduction plan would wreck the economy. Eight years and 23 million new jobs later, the economy proved them wrong. Now they are making the same claims about Sen. Obama's tax plan, ...
Obama Camp: McCain Could Raise Taxes On Middle Class
The Huffington Post | Full News Feed —
... website for its own tax plans, one that includes a chart that shows what kind of tax cut various individuals would be able to expect (all the scenarios depicted result in a tax cut).
That's supported by the Tax Policy Center's recent analysis of Obama's plan, in which four-fifths of taxpayers would see an increased percentage of after-tax income.
Furman also reiterated several of the statistics that he and Obama adviser Austin Goolsbee put forward in today's Wall Street Journal.
- The top two income-tax brackets would return to their ...
Camps Go Back-and-Forth On Taxes
Real Clear Politics - TIME.com —
The Obama campaign got the day started with a Wall Street Journal op-ed by the campaign's top economic advisers, and continued the discussion of taxes in a conference call and in the unveiling of a new ...
CNBC Host to Obama Advisor: Ask Yourself – 'What Would Milton (Friedman) Do?'
NewsBusters.org - Exposing Liberal Media Bias —
... Goolsbee appeared on the August 14 "Squawk Box" to defend an op-ed he wrote for the August 14 Wall Street Journal outlining Obama's tax plan. Caruso-Cabrera invoked the name of Milton Friedman, an economist who was a primary defender of free markets throughout the 20th century. Ironically, Friedman taught at the University of Chicago, where Goolsbee is a faculty member. ...
Obama Clarifies Scope of Capital Gains Tax Hike
Political Radar —
... the capital gains tax rate from 15 percent to 20 percent for those Americans making more than $250,000 per year. “The top capital-gains rate for families making more than $250,000 would return to 20% -- the lowest rate that existed in the 1990s and the rate President Bush proposed in his 2001 tax cut. A 20% rate is almost a third lower than the rate President Reagan set in 1986,” wrote Obama advisors Jason Furman and Austan Goolsbee in Thursday’s Wall Street Journal. Thursday’s Wall Street Journal op-ed is the first time that Obama’s campaign has pinpointed the scope of his ...
McCain heads back to the ‘celebrity’ well for the 736th time
Political Animal —
... Just yesterday, in a Wall Street Journal piece, Jason Furman and Austan Goolsbee, economic policy advisors for Obama, wrote about Obama’s tax policy in some detail. ...
Read His Lips - No New (Net) Taxes
JustOneMinute —
Writing in today's WSJ, Obama's economic advisers tell us that the Obama tax plan includes tax cuts for the middle class, a tax "rollback" for the high-earners who had their taxes cut under Bush, and is on net a revenue-reducer: Overall, Sen. Obama's middle-class tax cuts are larger than his partial rollbacks for families earning over $250,000, making the proposal as a whole a net tax cut and reducing revenues to less than 18.2% of GDP -- the level of taxes that prevailed under President Reagan. Kind words for Reagan - ...
The proposed tax increase McCain doesn’t want to talk about
Political Animal —
... In their Wall Street Journal piece yesterday, Jason Furman and Austan Goolsbee, economic policy advisors for Obama, highlighted the policy detail McCain prefers to downplay. ...
McCain Wants To Raise YOUR Taxes. Media Yawns.
Firedoglake —
... In their Wall Street Journal piece yesterday, Jason Furman and Austan Goolsbee, economic policy advisors for Obama, highlighted the policy detail McCain prefers to downplay. ...
The tax increase McCain doesn't want to talk about
Political Animal —
... , and his team have been writing about it for quite a while. It hasn't generated any real interest from political reporters, though, because a) it's substantive; b) it takes a few seconds to explain; c) there's no provocative video to accompany the story; and d) it makes McCain look bad.— ...
Really?
Daily Kos —
... I'd like to see evidence of him making such a pledge, because I haven't found it. The closest that I've seen is this op-ed by Jason Furman and Austan Goolsbee, but it doesn't say anything about 'immediate' repeal. ...
