Holly Sklar: Tax deal like a bait-and-switch mortgage
Republicans played President Obama in the tax deal like mortgage hustlers played homeowners. Focus on the teaser rates, borrow more than you need and trust us to work with you to refinance later when rates jump. The teasers are the needed extension of unemployment benefits – always extended before with high unemployment – and continued [...]
Kenneth Lewis: What’s all the fuss about top tax rates going up 4.6 percent?
The national conversation on our fiscal health for the past few months has been about whether to extend the Bush-era tax cuts for households with incomes over $250,000, or to allow them to expire on December 31st. To my amazement, lost in all this controversy and discussion has been any mention of what this would [...]
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