And so the Conservative assault on Elizabeth Warren begins. Limbaugh: You know who the real parasite here is. It’s Elizabeth Warren. I’m familiar with being called a parasite by the likes of Glenn Beck. I wear as badge of honor. Beck: Most Democrats still love America, they love the founders and they love the Constitution and believe in this country. But then there’s another group and they have infiltrated not just the Democratic party, but the Republican party… Speak softly and carry a big stick. blah, blah, blah…We got this from an insider. Wait until you hear this story. The co-chair of the CPC… How many times have I said they are like a virus feeding on the host of republic. The progressives are parasites inside the democrat…. The California progressives weren’t the only ones upset. John Amato of CrooksandLiars wrote on Huffington Post. “for Woolsey to holding a fundraising events for a known Blue Dog should be a firing offense for the CPC.” Progressives Democrats for America joined in, They started an online petition asking her to withdraw from the event. Woolsey said no. I don’t know how this story ends quite frankly it’s California and it’s all going to end in a mudslide right into the bottom of the ocean eventually anyway, but let me tell you something. The last time the progressives were in this position and they started gobbling power and they exposed themselves people caught on and hated them. It’s still an odious thing to say about somebody. And that type of language speaks to the “eliminationist” rhetoric and ideas that conservatives use to attack progressives all the time. They don’t want to defeat us, they want us wiped off the map. Deleted from existence with no room for cache recovery. Glenn Beck hopes California will be lost in a mudslide and all its people will be extinguished with it. Rush goes on to worry about Warren’s pension benefits. How much money does Rush make a year for calling Liberals “parasites ?” Rush Limbaugh just agreed to an eight-year, $400-million-plus extension with Clear Channel to stay on the air. Limbaugh’s deal includes an upfront $100-million signing bonus, which means the annualized average salary will be somewhere in the neighbourhood of $37 million through to 2016. Limbaugh: She’s a parasite who hates her host. Willing to destroy the host while she sucks the life out of it. Anyway, the attacks have begun. T he Politico and Mark Halperin have also entered the fray. You can donate to our Blue America Senate page where E. Warren is listed along with Bernie because the right wing will do anything to stop her.
Continue reading …And so the Conservative assault on Elizabeth Warren begins. Limbaugh: You know who the real parasite here is. It’s Elizabeth Warren. I’m familiar with being called a parasite by the likes of Glenn Beck. I wear as badge of honor. Beck: Most Democrats still love America, they love the founders and they love the Constitution and believe in this country. But then there’s another group and they have infiltrated not just the Democratic party, but the Republican party… Speak softly and carry a big stick. blah, blah, blah…We got this from an insider. Wait until you hear this story. The co-chair of the CPC… How many times have I said they are like a virus feeding on the host of republic. The progressives are parasites inside the democrat…. The California progressives weren’t the only ones upset. John Amato of CrooksandLiars wrote on Huffington Post. “for Woolsey to holding a fundraising events for a known Blue Dog should be a firing offense for the CPC.” Progressives Democrats for America joined in, They started an online petition asking her to withdraw from the event. Woolsey said no. I don’t know how this story ends quite frankly it’s California and it’s all going to end in a mudslide right into the bottom of the ocean eventually anyway, but let me tell you something. The last time the progressives were in this position and they started gobbling power and they exposed themselves people caught on and hated them. It’s still an odious thing to say about somebody. And that type of language speaks to the “eliminationist” rhetoric and ideas that conservatives use to attack progressives all the time. They don’t want to defeat us, they want us wiped off the map. Deleted from existence with no room for cache recovery. Glenn Beck hopes California will be lost in a mudslide and all its people will be extinguished with it. Rush goes on to worry about Warren’s pension benefits. How much money does Rush make a year for calling Liberals “parasites ?” Rush Limbaugh just agreed to an eight-year, $400-million-plus extension with Clear Channel to stay on the air. Limbaugh’s deal includes an upfront $100-million signing bonus, which means the annualized average salary will be somewhere in the neighbourhood of $37 million through to 2016. Limbaugh: She’s a parasite who hates her host. Willing to destroy the host while she sucks the life out of it. Anyway, the attacks have begun. T he Politico and Mark Halperin have also entered the fray. You can donate to our Blue America Senate page where E. Warren is listed along with Bernie because the right wing will do anything to stop her.
Continue reading …WASHINGTON — President Barack Obama says he wants to make sure millionaires are taxed at higher rates than their secretaries. The data say they already are. “Warren Buffett’s secretary shouldn’t pay a higher tax rate than Warren Buffett. There is no justification for it,” Obama said as he announced his deficit-reduction plan this week. “It is wrong that in the United States of America, a teacher or a nurse or a construction worker who earns $50,000 should pay higher tax rates than somebody pulling in $50 million.” On average, the wealthiest people in America pay a lot more taxes than the middle class or the poor, according to private and government data. They pay at a higher rate, and as a group, they contribute a much larger share of the overall taxes collected by the federal government. The 10 percent of households with the highest incomes pay more than half of all federal taxes. They pay more than 70 percent of federal income taxes, according to the Congressional Budget Office. In his White House address on Monday, Obama called on Congress to increase taxes by $1.5 trillion as part of a 10-year deficit reduction package totaling more than $3 trillion. He proposed that Congress overhaul the tax code and impose what he called the “Buffett rule,” named for the billionaire investor. The rule says, “People making more than $1 million a year should not pay a smaller share of their income in taxes than middle-class families pay.” Buffett wrote in a recent piece for The New York Times that the tax rate he paid last year was lower than that paid by any of the other 20 people in his office. “Middle-class families shouldn’t pay higher taxes than millionaires and billionaires,” Obama said. “That’s pretty straightforward. It’s hard to argue against that.” There may be individual millionaires who pay taxes at rates lower than middle-income workers. In 2009, 1,470 households filed tax returns with incomes above $1 million yet paid no federal income tax, according to the Internal Revenue Service. But that’s less than 1 percent of the nearly 237,000 returns with incomes above $1 million. This year, households making more than $1 million will pay an average of 29.1 percent of their income in federal taxes, including income taxes, payroll taxes and other taxes, according to the Tax Policy Center, a Washington think tank. Households making between $50,000 and $75,000 will pay an average of 15 percent of their income in federal taxes. Lower-income households will pay less. For example, households making between $40,000 and $50,000 will pay an average of 12.5 percent of their income in federal taxes. Households making between $20,000 and $30,000 will pay 5.7 percent. The latest IRS figures are a few years older – and limited to federal income taxes – but show much the same thing. In 2009, taxpayers who made $1 million or more paid on average 24.4 percent of their income in federal income taxes, according to the IRS. Those making $100,000 to $125,000 paid on average 9.9 percent in federal income taxes. Those making $50,000 to $60,000 paid an average of 6.3 percent. Obama’s claim hinges on the fact that, for high-income families and individuals, investment income is often taxed at a lower rate than wages. The top tax rate for dividends and capital gains is 15 percent. The top marginal tax rate for wages is 35 percent, though that is reserved for taxable income above $379,150. With tax rates that high, why do so many people pay at lower rates? Because the tax code is riddled with more than $1 trillion in deductions, exemptions and credits, and they benefit people at every income level, according to data from the nonpartisan Joint Committee on Taxation, Congress’ official scorekeeper on revenue issues. The Tax Policy Center estimates that 46 percent of households, mostly low- and medium-income households, will pay no federal income taxes this year. Most, however, will pay other taxes, including Social Security payroll taxes. “People who are doing quite well and worry about low-income people not paying any taxes bemoan the fact that they get so many tax breaks that they are zeroed out,” said Roberton Williams, a senior fellow at the Tax Policy Center. “People at the bottom of the distribution say, `But all of those rich guys are getting bigger tax breaks than we’re getting,’ which is also the case.” Treasury Secretary Timothy Geithner was pressed at a White House briefing on the number of millionaires who pay taxes at a lower rate than middle-income families. He demurred, saying that people who make most of their money in wages pay taxes at a higher rate, while those who get most of their income from investments pay at lower rates. “So it really depends on what is your profession, where’s the source of your income, what’s the specific circumstances you face, and the averages won’t really capture that,” Geithner said.
Continue reading …WASHINGTON — President Barack Obama says he wants to make sure millionaires are taxed at higher rates than their secretaries. The data say they already are. “Warren Buffett’s secretary shouldn’t pay a higher tax rate than Warren Buffett. There is no justification for it,” Obama said as he announced his deficit-reduction plan this week. “It is wrong that in the United States of America, a teacher or a nurse or a construction worker who earns $50,000 should pay higher tax rates than somebody pulling in $50 million.” On average, the wealthiest people in America pay a lot more taxes than the middle class or the poor, according to private and government data. They pay at a higher rate, and as a group, they contribute a much larger share of the overall taxes collected by the federal government. The 10 percent of households with the highest incomes pay more than half of all federal taxes. They pay more than 70 percent of federal income taxes, according to the Congressional Budget Office. In his White House address on Monday, Obama called on Congress to increase taxes by $1.5 trillion as part of a 10-year deficit reduction package totaling more than $3 trillion. He proposed that Congress overhaul the tax code and impose what he called the “Buffett rule,” named for the billionaire investor. The rule says, “People making more than $1 million a year should not pay a smaller share of their income in taxes than middle-class families pay.” Buffett wrote in a recent piece for The New York Times that the tax rate he paid last year was lower than that paid by any of the other 20 people in his office. “Middle-class families shouldn’t pay higher taxes than millionaires and billionaires,” Obama said. “That’s pretty straightforward. It’s hard to argue against that.” There may be individual millionaires who pay taxes at rates lower than middle-income workers. In 2009, 1,470 households filed tax returns with incomes above $1 million yet paid no federal income tax, according to the Internal Revenue Service. But that’s less than 1 percent of the nearly 237,000 returns with incomes above $1 million. This year, households making more than $1 million will pay an average of 29.1 percent of their income in federal taxes, including income taxes, payroll taxes and other taxes, according to the Tax Policy Center, a Washington think tank. Households making between $50,000 and $75,000 will pay an average of 15 percent of their income in federal taxes. Lower-income households will pay less. For example, households making between $40,000 and $50,000 will pay an average of 12.5 percent of their income in federal taxes. Households making between $20,000 and $30,000 will pay 5.7 percent. The latest IRS figures are a few years older – and limited to federal income taxes – but show much the same thing. In 2009, taxpayers who made $1 million or more paid on average 24.4 percent of their income in federal income taxes, according to the IRS. Those making $100,000 to $125,000 paid on average 9.9 percent in federal income taxes. Those making $50,000 to $60,000 paid an average of 6.3 percent. Obama’s claim hinges on the fact that, for high-income families and individuals, investment income is often taxed at a lower rate than wages. The top tax rate for dividends and capital gains is 15 percent. The top marginal tax rate for wages is 35 percent, though that is reserved for taxable income above $379,150. With tax rates that high, why do so many people pay at lower rates? Because the tax code is riddled with more than $1 trillion in deductions, exemptions and credits, and they benefit people at every income level, according to data from the nonpartisan Joint Committee on Taxation, Congress’ official scorekeeper on revenue issues. The Tax Policy Center estimates that 46 percent of households, mostly low- and medium-income households, will pay no federal income taxes this year. Most, however, will pay other taxes, including Social Security payroll taxes. “People who are doing quite well and worry about low-income people not paying any taxes bemoan the fact that they get so many tax breaks that they are zeroed out,” said Roberton Williams, a senior fellow at the Tax Policy Center. “People at the bottom of the distribution say, `But all of those rich guys are getting bigger tax breaks than we’re getting,’ which is also the case.” Treasury Secretary Timothy Geithner was pressed at a White House briefing on the number of millionaires who pay taxes at a lower rate than middle-income families. He demurred, saying that people who make most of their money in wages pay taxes at a higher rate, while those who get most of their income from investments pay at lower rates. “So it really depends on what is your profession, where’s the source of your income, what’s the specific circumstances you face, and the averages won’t really capture that,” Geithner said.
Continue reading …WASHINGTON — President Barack Obama says he wants to make sure millionaires are taxed at higher rates than their secretaries. The data say they already are. “Warren Buffett’s secretary shouldn’t pay a higher tax rate than Warren Buffett. There is no justification for it,” Obama said as he announced his deficit-reduction plan this week. “It is wrong that in the United States of America, a teacher or a nurse or a construction worker who earns $50,000 should pay higher tax rates than somebody pulling in $50 million.” On average, the wealthiest people in America pay a lot more taxes than the middle class or the poor, according to private and government data. They pay at a higher rate, and as a group, they contribute a much larger share of the overall taxes collected by the federal government. The 10 percent of households with the highest incomes pay more than half of all federal taxes. They pay more than 70 percent of federal income taxes, according to the Congressional Budget Office. In his White House address on Monday, Obama called on Congress to increase taxes by $1.5 trillion as part of a 10-year deficit reduction package totaling more than $3 trillion. He proposed that Congress overhaul the tax code and impose what he called the “Buffett rule,” named for the billionaire investor. The rule says, “People making more than $1 million a year should not pay a smaller share of their income in taxes than middle-class families pay.” Buffett wrote in a recent piece for The New York Times that the tax rate he paid last year was lower than that paid by any of the other 20 people in his office. “Middle-class families shouldn’t pay higher taxes than millionaires and billionaires,” Obama said. “That’s pretty straightforward. It’s hard to argue against that.” There may be individual millionaires who pay taxes at rates lower than middle-income workers. In 2009, 1,470 households filed tax returns with incomes above $1 million yet paid no federal income tax, according to the Internal Revenue Service. But that’s less than 1 percent of the nearly 237,000 returns with incomes above $1 million. This year, households making more than $1 million will pay an average of 29.1 percent of their income in federal taxes, including income taxes, payroll taxes and other taxes, according to the Tax Policy Center, a Washington think tank. Households making between $50,000 and $75,000 will pay an average of 15 percent of their income in federal taxes. Lower-income households will pay less. For example, households making between $40,000 and $50,000 will pay an average of 12.5 percent of their income in federal taxes. Households making between $20,000 and $30,000 will pay 5.7 percent. The latest IRS figures are a few years older – and limited to federal income taxes – but show much the same thing. In 2009, taxpayers who made $1 million or more paid on average 24.4 percent of their income in federal income taxes, according to the IRS. Those making $100,000 to $125,000 paid on average 9.9 percent in federal income taxes. Those making $50,000 to $60,000 paid an average of 6.3 percent. Obama’s claim hinges on the fact that, for high-income families and individuals, investment income is often taxed at a lower rate than wages. The top tax rate for dividends and capital gains is 15 percent. The top marginal tax rate for wages is 35 percent, though that is reserved for taxable income above $379,150. With tax rates that high, why do so many people pay at lower rates? Because the tax code is riddled with more than $1 trillion in deductions, exemptions and credits, and they benefit people at every income level, according to data from the nonpartisan Joint Committee on Taxation, Congress’ official scorekeeper on revenue issues. The Tax Policy Center estimates that 46 percent of households, mostly low- and medium-income households, will pay no federal income taxes this year. Most, however, will pay other taxes, including Social Security payroll taxes. “People who are doing quite well and worry about low-income people not paying any taxes bemoan the fact that they get so many tax breaks that they are zeroed out,” said Roberton Williams, a senior fellow at the Tax Policy Center. “People at the bottom of the distribution say, `But all of those rich guys are getting bigger tax breaks than we’re getting,’ which is also the case.” Treasury Secretary Timothy Geithner was pressed at a White House briefing on the number of millionaires who pay taxes at a lower rate than middle-income families. He demurred, saying that people who make most of their money in wages pay taxes at a higher rate, while those who get most of their income from investments pay at lower rates. “So it really depends on what is your profession, where’s the source of your income, what’s the specific circumstances you face, and the averages won’t really capture that,” Geithner said.
Continue reading …Chris Matthews is bracing for a potential Obama defeat next November, and he's ready to lay the blame for an Obama loss on racist white voters who supposedly hold black politicians to a higher standard than white politicians. In a segment this afternoon with Michael Eric Dyson and James Peterson , the “Hardball” host laid out his theory that “some white voters” will often give a black politician just one term in office but refuse to vote for their reelection unless they do “really, really good” in office. [Video and transcript follow below, emphasis mine; MP3 audio here ] CHRIS MATTHEWS: Professor Peterson, let me ask you about white votes. Do you have a sense as you've looked at politics in America that there are some white voters who will vote for an African-American say once? And they will hold that person to a very rigorous standard. Perhaps a much higher standard than they would a white politician. And they'll give them one shot and then they'll dump them the next time. I look at this, I look at the Ed Brooke. I look at the senator from Illinois. I think about this– MICHAEL ERIC DYSON: Carol Moseley Braun MATTHEWS: Yeah, Carol Moseley Braun. I wonder if this is a phenomenon you professors have looked at analytically at all, this sense of, okay, you've got your shot, but let's see you do it, if it isn't really, really good, you know, you're out of there.
Continue reading …Chris Matthews is bracing for a potential Obama defeat next November, and he's ready to lay the blame for an Obama loss on racist white voters who supposedly hold black politicians to a higher standard than white politicians. In a segment this afternoon with Michael Eric Dyson and James Peterson , the “Hardball” host laid out his theory that “some white voters” will often give a black politician just one term in office but refuse to vote for their reelection unless they do “really, really good” in office. [Video and transcript follow below, emphasis mine; MP3 audio here ] CHRIS MATTHEWS: Professor Peterson, let me ask you about white votes. Do you have a sense as you've looked at politics in America that there are some white voters who will vote for an African-American say once? And they will hold that person to a very rigorous standard. Perhaps a much higher standard than they would a white politician. And they'll give them one shot and then they'll dump them the next time. I look at this, I look at the Ed Brooke. I look at the senator from Illinois. I think about this– MICHAEL ERIC DYSON: Carol Moseley Braun MATTHEWS: Yeah, Carol Moseley Braun. I wonder if this is a phenomenon you professors have looked at analytically at all, this sense of, okay, you've got your shot, but let's see you do it, if it isn't really, really good, you know, you're out of there.
Continue reading …Chris Matthews is bracing for a potential Obama defeat next November, and he's ready to lay the blame for an Obama loss on racist white voters who supposedly hold black politicians to a higher standard than white politicians. In a segment this afternoon with Michael Eric Dyson and James Peterson , the “Hardball” host laid out his theory that “some white voters” will often give a black politician just one term in office but refuse to vote for their reelection unless they do “really, really good” in office. [Video and transcript follow below, emphasis mine; MP3 audio here ] CHRIS MATTHEWS: Professor Peterson, let me ask you about white votes. Do you have a sense as you've looked at politics in America that there are some white voters who will vote for an African-American say once? And they will hold that person to a very rigorous standard. Perhaps a much higher standard than they would a white politician. And they'll give them one shot and then they'll dump them the next time. I look at this, I look at the Ed Brooke. I look at the senator from Illinois. I think about this– MICHAEL ERIC DYSON: Carol Moseley Braun MATTHEWS: Yeah, Carol Moseley Braun. I wonder if this is a phenomenon you professors have looked at analytically at all, this sense of, okay, you've got your shot, but let's see you do it, if it isn't really, really good, you know, you're out of there.
Continue reading …The Upper Atmosphere Research Satellite won’t hit Earth until tomorrow afternoon , but an amateur astronomer managed to capture images of it tumbling toward us last week. Thierry Legault used a camera attached to a 14-inch telescope to record UARS as it passed over northern France last Thursday, reports the BBC…
Continue reading …Today’s lunch links give you a taste of the other side whether it’s unimaginable opinions or insight into how unemployed Americans live. You’re Busted, Parents: We always knew you liked our brother best and now science proves it. (TIME) For The Contrarian: Ray Gustini tries to make the case that Ryan Gosling is not a
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