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Showing posts with label Congress. Show all posts
Showing posts with label Congress. Show all posts

Thursday, November 18, 2010

D.C. Voting Rights 'Dead as a Doornail': Taxation Without Representation Lives On

D.C. Voting Rights 'Dead as a Doornail': Taxation Without Representation Lives On
"This country was founded on resistance to taxation without representation," declared Vincent Gray, mayor-elect of the nation's capital, at a recent hotel groundbreaking. If the city does not secure voting rights in the House and Senate sometime soon, he allowed, widespread civil disobedience may be required to force the issue.
No tea party firebrand, Gray, a Democrat, used the battle cry of Revolutionary colonists -- voiceless in the British Parliament they helped finance -- to note that this city of nearly 600,000 sends $3.6 billion a year to the IRS. That's more money paid than seven states that enjoy full voting rights. As for the supreme sacrifice, Washington has lost more men and women in battle than 20 states, according to the D.C. Council.
That said, Congress -- which has no fully empowered House or Senate lawmakers from D.C.-- can veto any local bill or budget item already approved by the mayor, the council or the voters. That means the city is ultimately run by lawmakers most Washingtonians have never heard of from states they've never visited. Congress refused to let D.C. use its own tax money for abortions for poor women, banned needle exchanges for drug addicts and barred local election officials from counting any ballots in a 1998 referendum on medical marijuana (reportedly approved by 69 percent of the electorate).

Tuesday, October 05, 2010

Obama debates over tax cuts - POLITICO.com

Official presidential portrait of Barack Obama...Image via WikipediaObama debates over tax cuts - POLITICO.com
In a discussion that mirrored the Democrats’ split in Congress, President Barack Obama debated two members of his economic recovery board over middle-class tax cuts Monday, swatting down arguments that the richest Americans need the same relief.
At a meeting of the President’s Economic Recovery Advisory Board, Obama took on resistance from former Securities and Exchange Commission Chairman William Donaldson and Harvard economic professor Martin Feldstein, who said that if the tax cuts aren’t given to everyone, economic instability would persist. The president stood firm on his view that extending the breaks for families making less than $250,000 would benefit 98 percent of Americans, while providing them to the richest 2 percent would cost $700 billion.
“I don’t know any economists — including, I think, Martin — who think we are likely to get a bump in aggregate demand from $700 billion of borrowed money going to people like those of us around the table, who, if I suspect want a flat-screen TV, can afford one right now and are going out and buying one,” he said. “If we were going to spend $700 billion, it seems, we’d be wiser having that $700 billion going to folks who would spend that right away.”
In recent weeks, Obama has pushed Congress to extend the soon-to-expire Bush-era tax cuts for the middle class, a move that he said would help stimulate the economy and, in turn, create jobs. He has also framed it as a midterm campaign issue, suggesting that Republicans — who want the tax-cut extension to include the nation’s top earners — want to help the wealthy.