Republicans

Axelrod: Obama ‘had’ to make tax deal

Axelrod: Obama ‘had’ to make tax deal

A senior adviser to President Barack Obama says he believes Democrats angry about the deal with Republicans on tax cuts will support it when they weigh the consequences of people’s taxes going up. David Axelrod tells CBS‘s “The Early Show” that Obama would not have been able to spare middle-class taxpayers a significant increase in […]

Immigration landmines threaten Democrats

Immigration landmines threaten Democrats

The chance for hundreds of thousands of foreign-born youngsters brought to the country illegally to gain legal status is dwindling as time runs out on the Democratic-controlled Congress. Senate Democratic leaders will try Wednesday to advance legislation that would pave the way for legalizing the young immigrants, over opposition by most Republicans and several in […]

Can Obama sell his tax-cut to angry Democrats?

Can Obama sell his tax-cut to angry Democrats?

President Barack Obama still has work to do to sell fellow Democrats on the tax package he negotiated with Republicans. House Democratic leaders say the package is tilted too much in favor of the wealthy, putting Obama on the defensive for striking a deal that is picking up support among GOP lawmakers and business groups. […]

Is Obama even worth saving?

Is Obama even worth saving?

Barack Obama today stands alone — a President without a party that supports him, an electorate that no longer trusts him and and destroyed coalition of independents that feel abandoned and betrayed. It will take more than slick politics to save Obama’s President. It will take more than an unifying national tragedy. It will take […]

Is a deal near on taxes? That depends…

Is a deal near on taxes? That depends…

An outline of a bipartisan economic package is emerging that would temporarily extend the Bush-era tax rates for all taxpayers, while extending jobless benefits for millions of Americans. Differences remained over details, including White House demands for middle- and low-income tax credits. But Republicans and Democrats appeared to come together Sunday, raising the possibility of […]

Republicans block tax cuts for middle class

Republicans block tax cuts for middle class

President Barack Obama’s Republican foes in the Senate have blocked a move to let Bush-era tax cuts for the wealthiest Americans expire, rejecting in the process Democrats‘ efforts to extend those breaks just for the middle class. Obama said he was “very disappointed” at the vote. “It makes no sense to hold tax cuts for […]

Tax showdown clears way for yearend deal

Tax showdown clears way for yearend deal

Senate Republicans derailed legislation Saturday to extend expiring tax cuts at all but the highest income levels in a political showdown that paradoxically clears a path for a compromise with the White House on steps to boost the economy. “We need to get this resolved and I’m confident we can do it,” President Barack Obama […]

To spend or not to spend…that is Obama’s question

To spend or not to spend…that is Obama’s question

In less than three hours, the extraordinary forces tugging at Barack Obama‘s presidency — and the Republicans who will soon take more control of Congress — came into sharp relief: a sky-high jobless rate, an out-of-control deficit and pressure to keep taxes down. Together, they illustrate the difficulty of balancing immediate, costly fixes for the […]

Suddenly, a rally behind tax cuts

Suddenly, a rally behind tax cuts

Defying expectations, a bipartisan majority of President Barack Obama‘s deficit commission has rallied behind the panel’s controversial deficit-slashing proposals. A key Obama ally, liberal Democratic Sen. Dick Durbin of Illinois, endorsed the plan Thursday night, joining two of the Senate’s most conservative Republicans. The plan now has public commitments of support from a majority of […]

Obama, Republicans to meet but don’t expect much

Obama, Republicans to meet but don’t expect much

A House Republican leader heading into a postelection meeting with President Barack Obama Tuesday said the GOP remains steadfastly opposed to any tax increases. House GOP Whip Eric Cantor said his party wants to “make sure no one gets a tax hike while we’re trying to create jobs in the private sector.” Cantor, who will […]