Mitt Romney attempted to walk back his claim that he’s “not concerned” about the very poor Tuesday, by promising to keep the safety net “strong and able.” But his plan, it turns out, would do the opposite — cutting food stamps and raising taxes on working Americans.
A loophole in the tax laws allows private-equity managers like Mitt Romney to treat their compensation as capital gains. It’s legal but it’s a scandal, writes Robert Reich.
Republicans have come to revile the famed economist John Maynard Keynes, revealing a rift between how Democrats and the GOP view the economic crisis.
Republicans are accusing Obama of waging “class warfare.” But America’s fights over class and wages have been much worse — and much bloodier — in years past.
Dan Ariely explains why the U.S. tax system may be inadvertently encouraging us to spend more money than we really have.