Tax hikes for everybody

According to Public Citizen's Consumer Blog, Compared to 2012, the Just-Enacted Tax Bill Hikes Taxes for Nearly Every U.S. Worker.

A tax increase for middle-class working class families is exactly what the new tax legislation -- The American Taxpayer Relief Act (ATRA) -- effectively imposes, compared to what those families had been paying. And the President, the Democrats, and the Republicans knew this when they supported ATRA. Why are workers' taxes going up? Because ATRA allowed the 2011 and 2012 payroll tax "holiday" to expire, meaning that, as of January 1, 2013, payroll taxes on wage income increased from 4.2% to 6.2%. But not on all wage income. The payroll tax is doubly regressive: Everyone pays the same rate, regardless of income, and only the first $113,700 in wage income is taxed.

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The real battle over Chuck Hagel

Glenn Greenwald points out the "problem" with Hagel:

There's a reason Hagel's nomination has become so intensely controversial and such a vicious target for war-cheering neocons such as Bill Kristol and the Washington Post Editorial Board. It's because Hagel is one of the very, very few prominent national politicians from either party who has been brave enough to question and dissent from the destructive bipartisan orthodoxies on foreign policy. What plausible Democratic candidate for this job has been willing publicly to point out that the US and Israel are separate countries and American interests should trump Israeli interests when they conflict, or to advocate for direct negotiations with Hamas, or to candidly point out that America's Middle East wars are fought for oil, or to condemn the power of the pro-Israel lobby within both parties, or to harshly point out the stupidity of attacking Iran rather than cowardly mouth the "all-options-on-the-table" platitude?
Greenwald points out the conservative pretense for opposing Hagel, referencing a Michael Moore article that Harpoons Bill Kristol. Not long ago, Greenwald pointed out that it's not really Log Cabin Republican money that is financing the LCR attack on Hagel.

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HSBC’s Get-Out-of-Jail-Free Card

Former Prosecutor Neil Barofsky explains that HSBC is too big to fail, just like several other Wall Street banks. The evidence is that prosecutors had the goods on HSBC--it was clear that HSBC knowingly laundered $800 Million in Columbian drug money, but used its political influence to cut a deal to write the whole thing off as a relatively small cost of doing business. As Barofsky explains on Cenk Uygur's show, we need to break up and "neuter" the big banks, but he's not optimistic that this can happen before yet another crash.

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Insanity and Rights

Doubtless whatever I say, someone will find fault, take offense, withdraw into positions, place guard dogs at the gates and lookouts in the towers. We are a people enamored of the idea of violence.  We like the idea that when it gets down to the proverbial nitty gritty we can and will kick ass and take names.  Americans are tough, not to be messed with, ready to exact justice by knuckles or 9.mm. . . .

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