Taxes

Why is it wealthy liberals don’t understand that if they want to pay more income taxes, they can each year on their 1040 form make an additional contribution to the federal government above and beyond what they owe? Consider the case of actor Matt Damon who on PBS’s Tavis Smiley Show Wednesday actually said, “I need to pay more taxes” (video follows with transcript and commentary):

New York Times reporter Jonathan Weisman threw around hostile labels in his Thursday piece on the ongoing tactical fight in Washington, pitting the "far right" against responsible "pragmatists" in the tactical battle over fiscal policy in "Boehner Tries to Contain Defections on Fiscal Unity." Speaker John A. Boehner moved Wednesday to maintain Republican unity on deficit reduction talks as…

Finally, Grover Norquist was the featured guest on the PBS NewsHour’s segment on the fiscal cliff.  After previous editions of the program featured softball interviews with Paul Krugman and Max Richtman -- two members of the far left who oppose entitlement reform -- as well as moderate conservative Republican Senator Bob Corker (R-Tenn.), the NewsHour saw it fit to give time to the anti-tax…

Charlie Rose and Gayle King pressed outgoing Senator Jim DeMint on Thursday's CBS This Morning over congressional Republicans resistance to tax hikes. When DeMint stated that President Obama will "probably eventually get his tax increases one way or another", Rose replied, "So, if he will get them, why not get them now and compromise and avoid going off the fiscal cliff?" Open Obama booster…

Following a report on Thursday's NBC Today in which political director Chuck Todd touted a new NBC News/Wall Street Journal poll, co-host Matt Lauer tried to spin one finding: "...only 53% say they're optimistic about a second term for Obama and 47% say they are pessimistic. Is this really more pessimism about Washington in general?" Todd accepted the characterization: "It is. You know, you…

Republicans have been forced into a Hobson's choice of either letting the Bush tax cuts expire for everyone or agreeing to a tax hike on the top 2 percent of income earners (not to be confused with "the rich," who have already made, inherited or married their money). If Republicans object to the Democrats' hitting job creators with a tax hike, three things will happen: Taxes will go up for…

Former House Speaker Newt Gingrich is rarely at a loss for words, unless what he says is edited by Rachel Maddow. On her cable show last night, Maddow swooned in response to MSNBC colleague and avowed "extreme left" socialist Lawrence O'Donnell's alleged success in an exchange with Gingrich on "Meet the Press" this past Sunday. (video clip after page break) 

In a report for Tuesday's NBC Today, chief White House correspondent Chuck Todd touted President Obama supposedly being nicer to the GOP while in pursuit of a fiscal cliff deal: "Mr. Obama was noticeably less confrontational toward Republicans....The President's softer tone came just a day after he sat down with House Speaker John Boehner..." While Todd focused on Obama's "softer" side,…

The first entirely post-election reading from the University of Michigan-Thomson Reuters consumer confidence survey came out on Friday. It was awful. As reported at MarketWatch, the overall index "fell to 74.5 from 82.7 in November," far below expectations of 82.0, representing "the biggest one-month drop since March 2011." Zero Hedge noted that it's the "biggest miss on record" compared to…

On Monday's CBS This Morning, Norah O'Donnell seemed unsure about the extent of Tea Party's political influence. During an interview of former House Majority Leader Dick Armey, O'Donnell first indicated that the movement was a potent force: "I want to ask you...about how powerful the Tea Party is. Is the Tea Party holding back House Republicans and Speaker Boehner from agreeing to additional…

As Colonel Kurtz said at the end of Apocalypse Now: “the horror, the horror.”  That sentiment encapsulated New York Times Republican David Brooks and syndicated columnist Mark Shields’ reactions to the rejection of the UN treaty on the rights of the disabled in the Senate last week.  Brooks called it “embarrassment for the country” – while Shields called it “a profile in cowardice.”  Regardless…

Former Speaker of the House Newt Gingrich on Sunday gave Lawrence O'Donnell a much-needed education on the economic impact of the Bill Clinton tax hikes in the '90s. As O'Donnell precipitated the exchange, he perfectly demonstrated why MSNBC commentators are far too liberally biased to be invited on NBC's Meet the Press (video follows with transcript and commentary):

Republican strategist Mary Matalin on Sunday asked New York Times columnist Paul Krugman an absolutely marvelous question. As Krugman spewed typical Democrat talking points about the fiscal cliff negotiations on ABC's This Week, Matalin interjected, "Are you an economist or a polemicist? Just make up your mind" (video follows with transcript and commentary):

President Obama is winning the messaging wars in the "fiscal cliff" debate largely because Republicans aren't even in the game. The GOP leadership in Washington keeps talking as if the issue is deficit reduction, while the president is talking about fairness. Consider the numbers. Sixty-one percent of voters want to see a deal reached to avoid the big Jan. 1 tax hikes and across-the-board…