Related Content: economy

Voice of the Voters: Michigan Youth

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Despite the government bailout that helped save Michigan’s auto industry, the state is still recovering. Young voters there who are ready to enter the workforce are facing tough job prospects. We hear one student's story and the economic uncertainty that hovers over Michigan in this report from Michigan State University student Anthony Sabella for our Washington Week Voice of the Voters feature.

 

Obama Readies Plan to Cut Corporate Tax Rate

On The Radar

The Obama administration will propose today reducing the U.S. corporate tax rate to 28 percent from 35 percent along with removing tax breaks for companies to help offset lost revenue, an administration official said. The plan would eliminate dozens of tax breaks and reshape the current manufacturing deduction to reduce the tax rate on manufacturing to 25 percent, according to the official, who outlined the proposal on condition of anonymity because it hadn’t been released.

Another Doomed Exercise

On The Radar

Back in 2009 Barack Obama’s first budget called for repealing his predecessor’s tax cuts on the rich, eliminating tax breaks for multinationals and boosting the tax rate on capital gains. A year later Mr Obama repeated those proposals, and added new ones: no more breaks for fossil-fuel producers and a “financial crisis responsibility fee” on banks.
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President Obama, Speaking at L.A. Fundraiser, Points to Positive Changes

On The Radar

While acknowledging that "change is hard," President Obama touted the nation's economic progress on his watch during a celebrity-studded fundraising stopover Wednesday night in Los Angeles. Addressing a crowd of about 1,000 at an outdoor reception, Obama needled Angelenos about the weather — "You're all cold. This is balmy, people" — then talked about the change he promised in the 2008 campaign, and the depth of the nation's economic troubles when he took office.

Congress hammers out deal to extend payroll tax cut

On The Radar

Congress reached an agreement late Wednesday to extend the temporary payroll tax cut and long-term unemployment benefits for an additional 10 months as part of a $150 billion legislative compromise. Lawmakers are likely to pass the bill and send it to President Obama by the end of the week.
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Economy Boosts Obama in New Poll

On The Radar

CNBC's John Harwood has the details on a new poll which shows President Obama's popularity is on the rise.

Obama Budget Optimistic on Economic Growth, Again

On The Radar

President Obama’s economists are nothing if not optimistic. In the fiscal year 2013 presidential budget request, they’ve once again forecast higher future growth than their private-sector peers – about a half-point of gross domestic product growth more, per year, than the 45 economists included in the Philadelphia Fed’s Survey of Professional Forecasters.
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A Game of Two Halves

On The Radar

Even people who don’t normally care much for football tune in to the Super Bowl to watch the best commercials Madison Avenue can dream up. The most talked about this year was Chrysler’s gritty tribute to the economic revival of America and Detroit. More short film than commercial, it ends with the actor Clint Eastwood huskily declaring that “Our second half is about to begin.”
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Voice of the Voters: Maine

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With Maine's GOP Caucus winding up, how are people getting their information to judge the candidates? Washington Week partnered with the University of Maine to find out. Student reporter Kylie Keene looks at how voters get their news and the generational difference in the age of new media. Plus, the issues that are important in this presidential election year to voters in Maine.

Election 2012 – Managing Alternatives

Gwen's Take

Updated:  Friday, Feb 10-4pm

One of the things we tell our children is that life is all about choices.

We celebrate this idea, because it is an essential part of the kind of ambition we want them to have. We want them to consider all the options, and then aspire to the best one.

In politics, the language of choice often comes loaded. School choice. Abortion rights. Public option. Proponents embrace these descriptions to put the best possible face on otherwise contentious issues.