Still desperately trying to paint President Obama as having done nothing but raise taxes during his presidency, Fox News falsely claimed today that Obama wants to “raise everybody’s taxes” as well as “taxes on small businesses.” Both claims are not only false, but are actually the reverse of reality: the president’s recently released American Jobs Act calls for tax cuts for the vast majority of working, middle-class Americans, as well as tax cuts for businesses, and more tax cuts for businesses that hire the long-term unemployed.

Still Not True: Fox’s Gasparino Ignores Reality To Claim Obama Wants To “Raise Everybody’s Taxes” (via ryking)

Why can’t Fox be sued for liable or slander? They keep making bold face lies about not only the president but many others. Isn’t it illegal to just make things up and call it “news”?

(via questionall)

No. While, it is misinformation these idiots are permitted to continue speaking as they wish under constitutional law.

Fox is very careful about how they go about there hate campaigns.

Libel would be me starting a site saying that you kill puppies or some other ridiculousness that has no basis in fact. Since there are potential policies in these cases it based on fact; they are just not giving the fact when it comes to what the policies actually are, and that is left up to interpretation of the policies.

(Source: diadoumenos)

Do Americans want to reduce deficits by cutting spending, or raising taxes?

motherjones:

Glad you asked. Here’s some knowledge for ya.

@RepKenMarchant: RT @RepPaulRyan: Class warfare may make for good politics, but it is rotten economics — http://bit.ly/oGy0NN Shared via TweetCaster

//except when the GOP does it; then it’s “good” economics.

Ironically, Ryan was simultaneously calling for an end to the current temporary tax cuts, which would raise taxes by 50 percent on those making less than $106,000. While launching accusations of “class warfare,” Ryan is the one who would prefer that people with less money pay more, while those with more money keep more.

I hereby dub this plan “THE PAUL RYAN DEBT INCREASING JOB KILLING CLASS WARFARE PLAN”.

Social Security is actually [very simple]…. Here’s how Social Security works: every month we take in taxes from working people and every month we turn around and distribute those taxes to retirees. That’s it. That’s how it works, and everyone who actually knows anything about the program knows that’s how it works. Taxes come in, benefits go out. And the key to solvency is simple: making sure that those taxes and benefits are in balance.

We Are All Ponzi Schemers Now / Kevin Drum in Mother Jones (via motherjones)

blogvader:

The GOP Philosophy on taxes.

Republicans want to raise your taxes

jonathan-cunningham:

Many of the same Republicans who fought hammer-and-tong to keep the George W. Bush-era income tax cuts from expiring on schedule are now saying a different “temporary” tax cut should end as planned. By their own definition, that amounts to a tax increase.

The tax break extension they oppose is sought by President Barack Obama. Unlike proposed changes in the income tax, this policy helps the 46 percent of all Americans who owe no federal income taxes but who pay a “payroll tax” on practically every dime they earn.

There are other differences as well, and Republicans say their stand is consistent with their goal of long-term tax policies that will spur employment and lend greater certainty to the economy.

“It’s always a net positive to let taxpayers keep more of what they earn,” says Rep. Jeb Hensarling, “but not all tax relief is created equal for the purposes of helping to get the economy moving again.” The Texas lawmaker is on the House GOP leadership team.

That’s right: after decades of demagoguery against any sort of increase in the taxation rate for Millionaires and Billionaires, the Republican party finally want to increase revenue by raising taxes: on the poor! This is so mind-blowingly hypocritical that I can barely process it. Out of everyone in the United States, they want the people with the least amount of money to pay more. Sure, they could have increase taxes on people making more than $2 million a year, but they’d rather take that last dime from your pocket. Disgusting.

I was just about to post something about this, but I will add to it. From the Washington Post (of all places):

Republicans like to complain that Democrats practice “class warfare” and “the politics of division,” as House GOP leader Eric Cantor argued on this page Monday. What the Republicans’ position on the payroll tax makes high-definitionally clear is their own class warfare on working- and middle-class Americans. Their double standard couldn’t be more obvious: Tax cuts for the wealthy are sacrosanct; tax cuts for everyone else don’t really matter. Norquist, Cantor, Ryan, Camp, the Journal editorialists and the whole Republican crew give hypocrisy a bad name.

NEW YORK — Goldman Sachs Group Inc. has more than tripled the salary of CEO Lloyd Blankfein to $2 million, and also granted raises to four other top executives. The investment bank said in a Securities and Exchange Commission filing on Friday that its board’s compensation committee set the new base salary for Blankfein, effective Jan. 1. His previous salary had been $600,000.

Goldman Sachs Boosts Pay For CEO Blankfein, 4 Others

Trickle down economics “working” for the American public!