Do the Math


You Don’t Have to Be an Economist…

If Congress fails to act before the end of the year, every family in the country will see their income taxes automatically go up at the beginning of 2013.

A typical middle class family of four will see their income taxes rise by $2,200.

We can’t let that happen. Our families can’t afford it, and neither can our economy. The thing is, you don’t have to be an economist or economic expert to understand why that’s the case.

Watch this video to see what $2,000 means to a typical middle-class family.

You Don't Have to Be an Economist to Understand What $2,000 Means to Middle-Class Families

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Continuing the Progress in Tribal Communitie​s


The White House

Continuing the Progress in Tribal Communities

Over the past four years, through tribal consultation and the White House Tribal Nations Conferences, President Obama and his Administration have worked to ensure that tribal leaders are directly involved in setting policy priorities. Today, President Obama is hosting the 2012 White House Tribal Nations Conference at the Department of Interior.

This conference continues to build upon the President’s commitment to strengthen the government to government relationship with Indian Country, by providing invited leaders from the 566 federally recognized tribes the opportunity to interact directly with the President and representatives from the highest levels of his Administration. In conjunction with today’s event, the White House released a report, Continuing the Progress in Tribal Communities,” that examines the President’s agenda and how this Administration, by working together with tribes, has made a difference for American Indians and Alaska Natives.

The report highlights:

The Administration’s commitment to tribal consultation and collaboration is reflected in each of the above areas of progress. But we know there is still much more work to do, and we look forward to the continued partnership with tribal governments in the months and years ahead.

Download here: Continuing the Progress in Tribal Communities

HCAN


Dear Health Care Advocate,

Call 888-531-3993

Please call 888-531-3993 and tell your member of Congress to sign a petition that will bring the middle-class tax cut to an immediate vote.

The American people showed in the November election that they want middle-class tax cuts, but Republican members of the House of Representatives are holding that goal hostage while they work to deliver massive tax breaks to the richest Americans and cut away at Medicare, Medicaid, and Social Security.

Members who want to vote on middle-class tax cuts can sign a petition to force the House to act on them now with an up or down vote.

We urge you to call 888-531-3993 today to tell your representative to sign the petition to force an immediate vote on middle-class tax cuts.

Americans were crystal clear: Washington must extend the middle-class tax cuts now and then debate later whether to reduce taxes for the richest 2 percent.

If every Democrat and at least 26 Republicans sign the House petition, Speaker John Boehner will be required to give working families a fair shake and hold a vote on tax cuts for middle-class Americans. Join us in calling Congress now!

Will O’Neill
Health Care for America Now

Cracks …


By ThinkProgress War Room

Divisions Among CEOs, Republicans on Tax Rates Grow

The usual solidarity on tax policy — tax cuts early and often — between and among Republicans and Big Business is showing serious signs of breaking down. A growing number of CEOs and Congressional Republicans are calling for an immediate extension of middle class tax cuts, higher tax rates for the wealthiest Americans, or both.

CEOs Break with GOP Leaders

David Langstaff, CEO of TASC, said that the executives were speaking out because so far leaders of the defense industry were “talking a good game, but are still unwilling to park short-term self-interest.” After the event, he told a defense reporter for Politico that tax rates need to go up.

“In the near term, [income tax rates] need to go up some,” Langstaff said. “This is a fairness issue — there needs to be recognition that we’re not collecting enough revenue. In the last decade we’ve fought two wars without raising taxes. So I think it does need to go up.”

  • A group of CEOs from companies including Deloitte, AT&T, and Goldman Sachs met with the president last week and endorsed higher tax rates for the wealthy. Goldman Sachs CEO Lloyd Blankfein said, ”if we had to lift up the marginal rate, I would do that.” ”There needs to be some revenue element to this, and (Obama) started with rates. And [the president] started with rates on what we would define (as) the upper two percent. … That we have to pay our fair share. And I think everybody was in agreement with that notion,” said the CEO of Deloitte following the meeting.
  • Roger Altman, the executive chairman of Evercore Partners, an international investment banking advisory firm, co-authored the highly progressive tax reform plan we discussed in this space yesterday.
  • John Engler, the former Republican governor of Michigan and current president of the Business Roundtable, an organization of CEOs, recently called for the debt ceiling to be extended for five full years. By contrast, Congressional GOP leaders want to take the economy hostage again early next year in order to demand draconian cuts to entitlements and the GOP’s tax pied piper, Grover Norquist, has called for monthly or even weekly votes on the debt ceiling.

Rank-and-File Republicans Break with GOP Leaders

  • Sen. Tom Coburn (OK) said today that he would prefer to raise tax rates rather than close loopholes and limit deductions, as Boehner as proposed.
  • Sen. Olympia Snowe (ME) said, we “should not even be questioning that we will ultimately raise taxes on low- to middle-income people.” Snowe urged immediate passage of a bill extending middle class tax cuts.
  • Rep. Tom Cole (OK), who led the House GOP’s election arm from 2006 to 2008, was one of the first top Republicans to break with leadership. In a private leadership meeting, he urged Republicans to immediately pass a middle class tax cut extension and fight about the rest later.
  • Rep. Kay Granger (TX) joined with Cole, saying an immediate extension of middle class tax cuts is “just the right thing to do.”
  • Reps. Mary Bono Mack (CA) and Bob Dold (IL) also joined with Cole in advocating an immediate extension of middle class tax cuts.
  • Rep. Walter Jones (NC) said yesterday that if there’s no progress toward a deal by the end of next week, he may join with Democrats in signing on to a procedural move that would allow them to bring a middle class tax cut-only bill to the House floor over the objections of Speaker John Boehner (R-OH).
  • Rep. Mike Simpson (ID) went even further than his colleagues regarding tax rates for the wealthiest, saying, ”I wouldn’t have a problem with letting those tax rates go up.
  • Reps. Steven LaTourette (OH) and Charlie Bass (NH) said they would support higher taxes on the wealthy if paired with deficit reduction through spending cuts, which is precisely the balanced approach advocated by the president.
  • Nearly four dozen Republican House members wrote a letter to Boehner calling on him to put “all options” on taxes on the table.

BOTTOM LINE: The president is holding firm on his insistence that tax rates for the wealthy must increase, as he should given the mandate he won on this issue in the election. Meanwhile, the bottom is falling out from under GOP leaders as their anti-tax coalition begins to crumble.

Evening Brief: Important Stories That You Might’ve Missed

Obama on GOP threats to take the debt ceiling hostage again: “It is not a game that I will play.”

Elizabeth Warren offers organizers three lessons for campaigning.

Rubio paves the GOP’s future with Romney’s policies.

Britain is doubling down on its failed austerity policies, which have saddled it with larger deficits than even Greece and Spain.

Florida Democrats introduce bill to restore early voting days.

Virginia GOP gubernatorial candidate called safe sex fair “soft porn,” sought to censor it.

Wall Street bank cuts 11,000 jobs after paying ousted CEO $14 MILLION.

Wisconsin GOP leader wants to amend the state constitution to allow voter suppression.

Olive Garden suffering bad PR after anti-Obamacare comments.