The Obama Administration

Obama in the Balance

(Flickr/sheila_blige)
To anyone so foolish as to have persuaded himself otherwise, the past three weeks have been a reminder that Barack Obama is at best a slight favorite for re-election by a narrow margin. Rick Santorum’s exit on Wednesday from a Republican primary race that already was settled means that the de facto nominee of the party, former governor Mitt Romney of Massachusetts, has time for damage control that would have been too late three months from now. The odds are even or better that by June, the United States Supreme Court will overturn the president’s signal domestic accomplishment, the reform of the country’s health-care system. The second-degree murder case in Florida involving a self-designated vigilante who stalked an unarmed 17-year-old African American despite explicit instructions otherwise from police will be the most racially charged since the O.J. Simpson trial a decade and a half ago, except in this instance—if polling is to be believed—white rather than black Americans appear...

Read My Lips: Fairer Taxes

Six ways to restore balance to our broken system

(Flickr/TruthOut)
This piece is the fourth in a six-part series on taxation, and a joint project by The American Prospect and its publishing partner, Demos. The “Buffett Rule” proposed by President Obama and now being considered by the Senate would be an important symbolic step toward a fairer tax system. By instituting a minimum tax on very high earners, it would advance the principle of progressive taxation and reform the tax code in an overdue way. By itself, though, the Buffett Rule does not go nearly far enough. It should be a small piece of a much larger agenda for restoring fairness to America’s tax system. Some of this agenda is reflected in President Barack Obama’s 2013 budget proposal, but other important ideas are not yet being seriously considered. Here are six such ideas that should be part of the national debate. Create New Top Tax Brackets The Obama budget plan would let the Bush tax cuts lapse at the end of this year for households making over $250,000, and the highest tax bracket—for...

What's in a Name?

(Flickr/LaDawna's pics)
Liberals often complain about the Democrats’ seeming inability to message their ideas with the same consistency and verve as conservatives. It just never seems like the party has the same discipline in its talking points. Congressional Dems' messaging during the health-care reform legislation in 2009 is a case in point. Rather than taking their cues from Republicans (despite the atrocious polices it entailed, naming a bill the PATRIOT Act immediately after 9/11 was a genius tactic), Democrats went for the unmemorably named "Patient Protection and Affordable Care Act." It’s not like Democrats are clueless to such tricks—the campaign finance disclosure bill they’ve proposed after Citizens United had the fitting acronym DISCLOSE—they just didn’t bother in this instance. The party soon paid the price, as Republicans called it "Obamacare" and said it was the living symbol of a tyrannical president imposing his socialist visions for the rest of the country. It was a term Democrats battled...

Chill. Jews Aren't Voting Republican.

Faith-based policy, nativism, and Ayn Randian economics will not create a Jewish electoral shift.

(AP Photo/Jae C. Hong)
Forecasts of the Great Jewish Shift began as soon as the presidential campaign did: This year, we are told, Jews will finally vote Republican, or at least significantly more of them will than have done so in many a decade, perhaps forever. The predictions are a quadrennial ritual. They are made most often by Jewish Republicans, speaking in the bright voice of a compulsive gambler who knows that on this spin, the little ball will absolutely land on the right number. They are made by social scientists certain that reality will finally behave according to their models. They are made by Jewish Democrats as unable to control their anxiety as someone is to stop a tic. This year's minor variation is the explanation that Jews will switch because they are upset with Barack Obama's attitude toward Israel. As an Israeli political writer, I admit, I am particularly conscious of this ritual, because the Great Jewish Shift (GJS) is the second thing that people want to discuss with me as soon as I...

Taxing Wall Street Speculation

There's another, better way to go after the 1 percent than the Obama administration's proposed "Buffett rule."

(Flickr/401K)
This piece is the third in a six-part series on taxation, and a joint project by The American Prospect and its publishing partner, Demos. As the White House mounts a major campaign to sell the “Buffett Tax” this week, there is another, better tax on the 1 percent that Washington should be considering: A financial-transaction tax—better known as a financial speculation tax (FST). A financial-speculation tax has been discussed, from time to time intensely, ever since the financial crisis of 2008 riveted attention on the markets that drove the economy to the edge of a Great Depression-quality abyss. One motivation was to make the perpetrators pay, as the public focused on bonuses at levels befitting Croesus and callous disregard for the responsibility borne by the banks for the great recession. But the financial-transaction tax is also good policy. Under the concept, financial transactions—purchases and sales of equity shares and bonds and the execution of derivatives—are taxed based, at...

Obama Campaign Ready for General

(Flickr/Barack Obama)
The Obama campaign wasted no time trampling on Mitt Romney's apparent victory in the GOP primary Tuesday afternoon after Rick Santorum bowed out of the race . Campaign manager Jim Messina ripped into Romney for the barrage of negative ads he used throughout the primary campaign. “It’s no surprise that Mitt Romney finally was able to grind down his opponents under an avalanche of negative ads," Messina wrote in a press release. "But neither he nor his special interest allies will be able to buy the presidency with their negative attacks." As POLITICO noted this morning, squaring themselves to the reality that Republican super PAC funding is on pace to easily dwarf Democratic efforts, the Obama campaign has shifted its efforts to attacking the source of the conservative super PAC funds. The president's re-election team had already been treating the nomination contest as essentially over. Obama launched a blistering attack on Romney tying the presumed nominee to Paul Ryan's budget plan...

Making State and Local Taxes Fair Game

Fixing highly regressive tax systems is one of the essential steps in making our country's tax code more fair.

(Flickr / kenteegardin)
This piece is the second in a six-part series on taxation, and a joint project by The American Prospect and its publishing partner, Demos. “Tax fairness” is defined very differently by Americans from various walks of life. Despite this divide, there is a substantial shared vision: A majority of Americans believe that the government should be doing more to help people, and the vast majority believe that wealthier Americans should be the ones paying higher taxes to support those priorities. If that is the case, why do we have a state and local tax system that is the polar opposite of those beliefs, one where the better-off pay about half as much in taxes as the less-well-off? This inequity both contradicts our country’s shared beliefs on tax fairness and is the major cause behind the critical lack of state and local investment in social capital that I wrote about in my last piece . We need to correct this inequality immediately if we are going to maintain needed levels of investment in...

What Does Romney Have To Hide?

(Flickr/Center for American Progress Action Fund)
The Democrats are putting all their emphasis on touting the Buffett Rule ahead of a Senate vote for next week to coincide with Tax Day. The push is ostensibly an effort to twist the arm of a few of the more moderate Republicans—say the two Maine Senators or running for reelection in Democratic territory Scott Brown—under the hope that they'll fear public backlash if they vote down the measure, a policy favored by over half of the country. However even if they peel off a few Republicans there is little hope that the bill would make any progress in the GOP-controlled House. Instead, as a conference call hosted by the Obama campaign Monday afternoon made clear, the push is an effort to focus attention on Mitt Romney's wealth as a viability as the Republican nomination contest begins to come to a conclusion. Senate Majority Whip Dick Durbin and Wisconsin Representative Tammy Baldwin joined Obama campaign manager Jim Messina on the call. Messina used most of his time talking with the...

When $1 Million Isn't Rich Enough

(Flickr/Fortune Live Media)
Democrats are doing everything they can to make the Buffett Rule as the predominant issue of the week before it is subjected to a Senate vote on Tax Day. The rule—named after Warren Buffett's frequent refrain that his secretary pays a higher effective tax rate than the multi-billionaire investor—would force multimillionaires to give up some of their tax breaks until they pay at least a minimum rate of 30 percent. Obama is headed to Florida tomorrow to promote the bill, while his campaign is highlighting the rule as a campaign issue in contrast to Mitt Romney's tax disclosures he released earlier this year, which revealed that the probable Republican candidate paid taxes of just 13.9 percent on his $21.7 million in income in 2010. I'm sure many of us at the Prospect will have more to say about the bill over the course of the next week, but one minor detail in the New York Times write up of the push is worth highlighting : The Senate legislation would establish a minimum 30 percent tax...

Putting a Limit on Justice

(Flickr/FadderUri)
The right’s outrage over Obama’s comments on the Supreme Court are hypocritical. All Obama said was the truth: It would, indeed, be unprecedented for the Supreme Court to overturn Obamacare, signifying a new interpretation of the powers granted to Congress under current Commerce Clause precedent. The president in no way insinuated that he would ignore the ruling, a fact verified by Attorney General Eric Holder in response to an outlandish request by a Reagan appointee on the Fifth Circuit. It was, however, somewhat disheartening to see Obama questioning the court by terming them an “unelected group of people,” as that legitimizes language typically employed by conservatives anytime the courts read the Constitution as protecting some form of social equality. The New Republic ’s Timothy Noah sympathizes with Obama, and offers term limits as a simpler solution: I’ve never liked the idea of term limits for members of Congress, because if a member outstays his or her welcome voters get the...

Even More Dems Support Marriage Equality

(Flickr/Center for American Progress)
By this point, support for same-sex marriage isn't much of a question in Democratic politics. A Gallup poll from last May found that 69 percent of Democrats support marriage equality, a number that has probably only increased over the intervening year. Some of the hotshot young Democrats eying 2016—most notably Governors Andrew Cuomo and Martin O'Malley—have passed same-sex marriage bills in their states and tout them as major accomplishments. Now, a collection of former Democratic National Committee chairs has endorsed adding support for same-sex marriage to the party's platform. Per Huffington Post : "We are proud that the Democratic Party fights for working families, economic justice, and equal opportunity for all," said Howard Dean, Donald Fowler, Steve Grossman and David Wilhelm in a joint statement. "Times change but our principles must always remain strong. That is why, as former chairs of the Democratic National Committee, we stand with Freedom to Marry, 22 Democratic senators...

Obama Runs Anti-Romney Ad

(Photo: Screenshot from Obama campaign ad)
It’s clear that the Republican elite no longer wants to see this nomination contest drag on any longer. Sought after endorsers such as Paul Ryan and Marco Rubio have finally lent their support to Romney, and on Sunday Senator Ron Johnson said that he had been selected by Minority Leader Mitch McConnell to coordinate the message between the Romney campaign and Senate Republicans. The early calls for Santorum’s departure will become an avalanche if, as largely expected, Romney runs up the delegate score in tonight’s primaries. You know who else seems ready to put this primary campaign behind him? None other than Romney’s general election opponent Barack Obama. The president’s reelection campaign has been gearing up to face Romney all year, and, at certain moments, have injected themselves into the Republican primary to pester Romney while he was still fending off Santorum or another conservative challenger. Now they’re going a step further and running an ad against Romney in a handful...

Don't Wish For Judicial Overreach

Wikimedia Commons.
Given the hostility the Republican appointees on the Supreme Court showed to the Affordable Care Act during oral arguments this week, some progressives are seeking a silver lining. At least, some have argued, striking down the ACA would substantially undermine the legitimacy of the conservative-dominated federal courts. And even better, particularly if the Supreme Court strikes down the individual mandate while allowing the rest of the legislation to remain in operation, there’s the possibility that the resulting pressure on insurance companies facing an adverse-selection spiral would lead to a health care reform package better than the ACA. Should progressives see conservative judicial overreach as being as much opportunity as crisis? Alas, sometimes a devastating defeat is just a devastating defeat. Claims that striking down the ACA will substantially undermine the legitimacy of the Supreme Court are part of an extensive tradition of predictions that have generally turned out to be...

Summers' Colleague Criticizes Kim

(AP Photo / Michael Dwyer)
Larry Summers has been unnaturally silent on President Obama’s surprise decision to pass him over for the World Bank presidency in favor of Dartmouth University president and public health hero Jim Yong Kim. Well, one of Summers’ closest chums at Harvard’s Kennedy School, Lant Pritchett, has now gone public with a scorching blast at Kim. Pritchett told Forbes magazine, “It’s an embarrassment to the U.S. You cannot with a straight face say this person is the most qualified to lead the World Bank.” It was Pritchett, while working under Summers at the World Bank in 1991, who drafted the embarrassing memo that Summers signed on the supposed economic benefits of exporting polluting industries to third world countries. Pritchett later contended that the leaked parts of the memo were doctored to omit his ironic intent. The full memo never surfaced. Pritchett took the fall for Summers’ embarrassment when he was up for the presidency of Harvard. So, it’s fair to say these senior and junior...

Obama Rallies the Planned Parenthood Troops

(Photo: screenshot from Planned Parenthood video)
Republicans haven't been quite as eager to moralize against contraception after Rush Limbaugh gave voice to their true feelings, but Democrats aren't ready to let their argument that the GOP is waging a war on women slip by the wayside. Mitt Romney, a candidate who rarely seems comfortable when the discussion strays from the economy, is hoping that the issue will become a non-factor once he officially dismisses Rick Santorum and heads to the general election. Barack Obama clearly has a different view. The president issued a new subtle attack yesterday in a video where he directly addresses supporters of the Planned Parenthood Action Fund. "For you and for most Americans protecting women's health is a mission that stands above politics," Obama says in the two-minute video. "And yet over the past year you've had to stand up to politicians who want to deny millions of women the care they rely on, and inject themselves into decisions that are best made between a woman and her doctor." The...

Pages