Tax cuts for all but the almost-rich

On Tuesday the Congressional Budget Office released its latest estimates of how much of their incomes Americans of various income groups fork over in taxes (pdf; xls). Here’s a graphic represention: There’s something in this chart for everybody–the rich pay much more of their income in taxes than anybody else, but they’ve also been able [...]

Getting a recession preview in Detroit

I awoke this morning in my Birmingham, Mich., hotel room to the dulcet tones of my old friend Jamie Samuelsen (I used to babysit the guy!) talking about the interminable Les-Miles-Michigan saga on his WDFN radio sports call-in show. Then he moved on to an article in Tuesday’s Detroit Free Press about how the Red [...]