Michael Linden

Michael Linden News

  • Senate Invitation to Defend Tax Breaks Propels Lobbyists

    The Democratic chairman and top Republican on the Senate Finance Committee are putting pressure on their colleagues and lobbyists, asking senators to justify every break in the U.S. tax code or risk its elimination.

  • Want to Fix the Deficit? Get Real

    This week marks the beginning of the U.S. budget season. Representative Paul Ryan of Wisconsin will present the budget for House Republicans. Senator Patty Murray of Washington will, for the first time since 2009, present a budget on behalf of Senate Democrats. In a few weeks, the Barack Obama administration will publish its own budget. In honor of the occasion, Americans everywhere will wear traditional budget-season hats and eat the customary budget- season meals, which include, of course, a rich dessert that we assume will be offset by future weight loss.

  • No Grand Bargain on Budget Raises Doubts for Code Rewrite

    Lawmakers seeking to rewrite the U.S. tax code have a narrower path to an agreement because of the partisan divide over how much money the federal government should collect.

  • Billionaires May Win as Democrats Split Over Estate Tax

    Senate Democrats, who are united in support of higher income tax rates for millionaires and billionaires, are paralyzed by disagreements on how to tax the estates of the wealthiest Americans.

  • Romney’s 47% Comments Show Gap From Bush-Era Republicans

    Eleven years ago, eliminating income taxes for low-income Americans was an applause line for a Republican president. Mitt Romney in 2012 sees the number of people paying nothing as a political problem.

  • CEOs Back Debt Concepts Broad Enough to Please Both Sides

    Deficit-reduction principles backed by more than 80 U.S. chief executive officers are so broad that anti-tax advocate Grover Norquist and an ally of President Barack Obama both claim their plans could satisfy the standards.

  • Simpson-Bowles Prod Congress Again to Anti-Deficit Fervor

    Erskine Bowles and Alan Simpson, the deficit-reduction duo, are trying to rekindle congressional interest in a $2.5 trillion package of spending cuts and tax increases with new details showing how it could work.

  • Obama, Boehner Open to Compromise With Firm Stance

    President Barack Obama and House Speaker John Boehner began public negotiations over how to avert the so-called fiscal cliff, expressing a willingness to compromise while reiterating their previous positions.

  • Obama Channels Eisenhower With Anemic Government Spending Growth

    Senate Republican leader Mitch McConnell says it’s time for the president to “get serious about spending.” The budget numbers suggest Barack Obama already has, with beneficial effects on the deficit.

  • Obama Fiscal 2014 Budget Said to Be Delayed Until March

    President Barack Obama plans to send his fiscal 2014 budget to Congress in mid-March, a budget official said, delaying the fiscal blueprint as the administration and congressional Republicans wrangle over taxes and spending.

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