Saying Obama’s Proposal ‘Leaves Money On The Table,’ Group of Rich Tout Stronger Estate Tax

As President Obama and congressional Republicans wrangle over raising income tax rates on the richest Americans, a group of wealthy Americans is pushing an estate tax even more than that advocated by Obama. The group–which includes Bill Gates Sr., Disney heir Abigail Disney, former Treasury secretary Robert Rubin, and others — want a tax on inherited wealthy that begins at 45 percent and rises from there, with an exemption on up to the first $4 million of inheritance. The president’s proposal would be a flat 45 percent rate, the group says. The group, going to by the name Responsible Wealth, is seeking meetings with White House officials and from Democratic senators in order to carry the proposal forward as legislation, … Continue reading

President Obama in Fairfax, Virginia Says Romney has “Romnesia”

In Fairfax, VA, today President Obama made the correlation of Romney’s flip-flopping into a case of Romney having amnesia or “Romnesia” — Watch: First Read reported today that “With fewer than three weeks until Election Day, new NBC News/Wall Street Journal/Marist polls show President Barack Obama maintaining his lead over Republican presidential nominee Mitt Romney in the battleground states of Iowa and Wisconsin.” We need to keep building on the momentum… Go to BarackObama.com and donate today! Volunteer… get involved now. There are too many issues at stake to not stand up and help re-elect President Obama. In related news the Denver Post endorsed President Obama today… As President Barack Obama campaigns for re-election, it would be a stretch to … Continue reading

Governor Deval Patrick Rocks the Democratic Convention

If you didn’t see Massachusetts Governor Deval Patrick’s speech at the Democratic National Convention last night you missed a rousing speech that fired up the Democratic base and set the stage for the headlining speech of the night, Michelle Obama. Watch Deval Patrick rock the DNC:   Via the Boston Globe: “Mitt Romney talks a lot about all the things he’s fixed,” Patrick told delegates at the Democratic National Convention. “I can tell you Massachusetts was not one of them.” “The list of accomplishments is long, impressive, and barely told,” he said, with emphasis on the final words. “And even more impressive when you consider that congressional Republicans have made obstruction itself the centerpiece of their governing strategy. “With a record … Continue reading

Latest Political Standoff: Violence Against Women Act

Although they’ve become famous for their use of obstruction and the filibuster to kill Democratic legislation in recent years, congressional Republicans increasingly appear to be using a different tactic to thwart Democrats: the political standoff. It works like this: the Senate approves some key piece of legislation on a bipartisan basis, but House Republicans simply ignore the bill and pass a version of their own. The GOP then demands the Senate discard its own bill and pass the House version instead. It becomes a political game of chicken to see which side blinks first. That’s what happened last month with a new federal transportation bill. With one of its most liberal members, Sen. Barbara Boxer (D-Calif.), working hand-in-hand with one of its most … Continue reading

Obama Fires Up Labor Crowd

Although he hasn’t quite kicked off his first official campaign events, President Obama roused an organized labor crowd on Monday as if it were a full-fledged rally. Obama spoke to a capacity crowd of 3,000 delegates at the Building and Construction Trades Department’s 2012 National Legislative Conference in Washington. The president clearly is working to fire up labor unions to come out for him this year much as they did in first propelling him to the White House four years ago. The president’s remarks were part infrastructure advocacy, and part basic stump speech. He also wove in praise for unions which underscored his basic campaign themes of fairness and income inequality. “It was workers like you who led us westward.  … Continue reading

‘Discreet’ But Influential ALEC Blasts Obama’s Keystone Denial

Among those blasting President Obama’s decision to deny permission to build a massive, transnational oil pipeline is a conservative organization which has been described as “discreet” but highly influential. The American Legislative Exchange Council (ALEC) says it is disappointed in Obama’s decision Wednesday to deny the application for the Keystone XL pipeline project. Obama says he denied the permit based on an unrealistically tight 60-day review period forced upon him last month by congressional Republicans. The $7 billion pipeline has been highly controversial, both for its potential to damage water supply in Nebraska, as well as for apparent cozy corporate influence a key lobbyist has had with Secretary of State Hillary Clinton. The independent inspector general of the State Department … Continue reading

Oil Industry Leans Hard For Keystone Pipeline OK

The petroleum industry is pushing hard on President Obama to give the green light to a controversial transnational pipeline from Canada to the Gulf Coast. The head of the oil and gas industry’s influential Washington lobby group, the American Petroleum Institute (API), is warning of political consequences should Obama deny approval for the 1,700-mile Keystone XL pipeline. Congressional Republicans forced Obama to make a quick decision about the project as part of last month’s short-term compromise over extensions of a middle-class tax cut and unemployment benefits. The legislation requires the administration to make a determination within 60 days. Obama came under fire after he announced he would put off a decision until 2013 following news that the State Department’s independent … Continue reading

Jobs Report Puts Pressure On GOP

The federal government’s report that the nation added 200,000 last month only puts fresh pressure on congressional Republicans to do more to help the struggling U.S. economy, and struggling jobless Americans in particular, according to many both in and out of the Obama administration. The Labor Department released employment data Friday, which also found the national unemployment rate dropped to 8.5 percent, its lowest level in three years. Despite the hope that the news represents, it also points out that more must be done, many say. In all, employers created nearly 2 million private-sector jobs during 2011, according to Labor Secretary Hilda Solis. “We’ve now created more than 3.2 million jobs over 22 consecutive months of private sector growth,” she … Continue reading