Tax Analysts
Historian and contributing editor of Tax Analysts, a nonprofit, nonpartisan provider of tax information, and author of the forthcoming book, Their Fair Share; Why Americans Tax the Rich
PROFILE
Joseph J. Thorndike
Guest
FROM Joseph J. Thorndike
Which Way, L.A.?
President Obama Addresses Entitlements Last week the Republicans , and yesterday the President , laid out their long-term plans for reducing the deficit, defining differences that will be crucial in next year's election campaigns. But major decisions are on tap for today and tomorrow before Congress takes off for a two-week recess. We hear about Medicare, taxes, women's rights and deficit reduction.
To the Point
Is a 'Great Debate' Finally Beginning? Last week, Wisconsin Congressman Paul Ryan said the Republicans' plan to reduce the deficit would restructure entitlement programs and cut taxes. Yesterday, President Obama said he'd reduce the deficit by increasing taxes on the richest Americans and keeping entitlement programs as they are. But each plan carries risks for the author as well as the opposition, and both parties are struggling to maintain a united front. In the last two days before a two-week recess, is Congress setting the stage for compromise or a bloody political battle leading to next year's elections?
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