White House

Obama’s solution: Tax the rich

Obama’s solution: Tax the rich

President Barack Obama, in a populist gesture designed to appeal to voters, will propose a “Buffett Tax” on people making more than $1 million a year as part of his deficit recommendations to Congress on Monday. Such a proposal, among suggestions to a congressional Super Committee expected to seek up to $3 trillion in deficit […]

Obama’s tax cuts worry social security advocates

Obama’s tax cuts worry social security advocates

Some Social Security advocates fear that President Barack Obama‘s desire to cut taxes supporting the program will undermine its vaunted stature as a self-financing pension system that provides checks to retirees based on contributions they made while working. For now, though, the administration insists — and many experts agree — that the proposal would have […]

Will a leaking economy sink Obama?

Will a leaking economy sink Obama?

President Barack Obama faces a long re-election campaign having all but given up on the economy rebounding in any meaningful way before November 2012. His own budget office predicts unemployment will stay at about 9 percent, a frightening number for any president seeking a second term. Obama’s prospects aren’t entirely grim, however. The GOP, heavily […]

Labor faces new reality with little help from Obama

Labor faces new reality with little help from Obama

In the early days of the Obama administration, organized labor had grand visions of pushing through a sweeping agenda that would help boost sagging membership and help revive union strength. Now labor faces this reality: Public employee unions are in a drawn-out fight for their very survival in Wisconsin, Ohio and other states where GOP […]

Obama caves in to Republicans on clean air regs

Obama caves in to Republicans on clean air regs

In a dramatic reversal, President Barack Obama on Friday scrubbed a clean-air regulation that aimed to reduce health-threatening smog, yielding to bitterly protesting businesses and congressional Republicans who complained the rule would kill jobs in America’s ailing economy. Withdrawal of the proposed regulation marked the latest in a string of retreats by the president in […]