New Deal 2.0

How to Party Like a Billionaire Financier With a 15% Tax Rate

A full moon rises over the Hamptons as the crocs come out to play.

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6 Absurd Excuses Conservatives Make to Protect Greedy Oil Giants from Paying Their Taxes

It’s not pretty when several irrational ideas collide. On Thursday May 12, the Senate conducted a hearing to discuss the removal of a $2 billion per year tax break for the top 5 oil companies. The NYT called the testimony at the hearing “A big whine for big oil.” Eliminating a tax break like this should be a no-brainer, but that idea is blocked by six irrational notions from the right that come together in an explosion of false logic:

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Why Our Broken Political System Falls Prey to Right-Wing Extremism

Lynn Parramore caught up with Roosevelt Institute Senior Fellow Thomas Ferguson at the annual INET conference in Bretton Woods. Ferguson, father of the Investment Theory of Politics, explains why polarization has completely gripped Washington — and why the New Deal is getting rolled back in the process.

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The Dangerous Conservative Philosophies That Put People Behind Bars

Following Lynn Parramore’s piece on on solitary confinement, it’s important to note that criminal sentencing reform will be on the table in 2011. Collapsing state budgets and ever-increasing prison populations (and the costs associated with them) will force the issue. Republican Indiana Governor Mitch Daniels has recently endorsed a plan to help reduce the prison population.

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