In case you missed it, President Obama’s campaign to raise tax rates on the rich gained an interesting ally a few days ago – Ben Stein.
In an interview on CNN, the economist/ actor said he rarely agrees with the president’s policies, but raising taxes on millionaires is “totally fair and abosolutely necessary” to save the economy. In his State of the Union speech last week, Obama said millionaires should pay at least a 30 percent rate.
It’s fantasy to believe that the economy will fully recover without raising takes on the uber rich, Stein said.
For almost a month, the government has been required to communicate in plain language.
On Oct. 13 President Obama signed into law the Plain Writing Act of 2010. The stated purpose of the new law “is to improve the effectiveness and accountability of Federal agencies to the public by promoting clear Government communication that the public can understand and use.”
So far, Republicans have threatened a filibuster and otherwise kept the package of small biz tax cuts and financial aid from being considered. Kind of bizarre when you consider small business is generally considered a loyal supporter of the Republican Party.
Here’s hoping Tennessee Republicans Sens. Bob Corker and Lamar Alexander will break with the party and help small business.