Huffington Post:
Rep. Paul Ryan (R-Wis.) said on Sunday that House Republicans would oppose President Barack Obama's payroll tax cuts for both employers and employees, arguing that the policy had already failed to provide a sufficient boost to the economy.
"It hasn't worked," Ryan said, suggesting the current temporary tax cut should be allowed to expire, which will amount to a 50 percent tax hike on workers making less than $106,000 per year.
Ryan continues to promote the theory that giving more money to millionaires will somehow stimulate the economy and create jobs. But guess what? That's the policy that really hasn't worked. More at The Paul Ryan Watch.
UPDATE: The Congressional Budget Office agrees that reducing payroll taxes helps create more jobs than tax breaks for the wealthy. Details.
Tuesday’s progressive panels in Big Tent
There’s a tremendous amount of progressive stuff going on around the convention and much is pointed at the bloggers. The Big Tent, where the bloggers are concentrated, has an upstairs hall where panels lay plans and speculate hopefully about the new world around the corner in an Obama administration.
Here are some notes from Tuesday afternoon’s panels under the rubric of Take Back America (check out ourfuture.org).
U.S. Rep. Jan Schakowsky, D-IL, beat the drum hard for universal health care, pointing out it was the main complaint she heard canvassing voters in the ultimately successful drive to put a Democrat in the Illinois seat held by former Speaker Dennis Hastert. The result, she said disproved the old nostrum that politicians didn’t care about the issue because “no politician ever has lost for being against universal health care.”
“Sixty people a day die for lack of health insurance,” she said.
Barack Obama must be backed by a movement of people demanding universal health care to make it happen, she said.
U.S. Rep. Barbara Lee of California said the modest progress in Congress on the Iraq war issue is entirely due to relentless pressure from the progressive community, which must strive to become the mainstream of the Democratic Party.
Huffington Post
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