House quietly passes tax exemption for megadonors

POLITICO: The House on Wednesday with little fanfare passed legislation that would protect major donors like the Koch brothers and Tom Steyer from having to pay gift taxes on huge donations to secret money political groups. The legislation, which now heads to the Senate, is seen by fundraising operatives as removing one of the few […]

No modern-day president has left his potential successor a less scandal-plagued legacy

SLATE COLUMN: … President Obama isn’t a stranger to mishaps, mistakes, and improprieties. His attorney general, Eric Holder, faced contempt of Congress over a failed “gunwalking” operation by the Bureau of Alcohol, Tobacco, Firearms, and Explosives; his State Department was raked over coals for the attack on the U.S. consulate in Benghazi, Libya; his Internal […]

Deal reached to fast-track Trans-Pacific Partnership

ALJAZEERA: Top congressional Republicans and Democrats on Thursday said they’ve reached a deal to allow President Barack Obama to negotiate trade agreements subject to an up-or-down vote from Congress. The “fast-track” legislation comes as Obama seeks a sweeping trade agreement with 11 Pacific nations. It would renew presidential authority to present trade agreements that Congress […]

Repealing estate tax would reward 0.2%

USATODAY EDITORIAL:… Of the nearly 3 million Americans who die every year, only about two-tenths of 1% have enough assets to qualify. It’s a rather exclusive group… Despite all the rhetoric about the “death tax,” dead people don’t pay taxes. They are dead. Repealing the tax would be a huge windfall for their heirs. The […]

Obama’s proposal for more trade with Asia may not go over so well in his own party

WASHINGTON POST: …[President] Obama’s embrace of the Trans-Pacific Partnership (TPP) faces fierce opposition from some of his closest political allies and the organizational heart of the Democratic coalition: labor unions, environmental groups and the progressive wing of Congress. His critics on the left contend the pact would help American corporations in state-controlled foreign markets but […]

Obama Yields, Allowing Congress Say on Iran Nuclear Deal

NEW YORK TIMES: The White House relented on Tuesday and said President Obama would sign a compromise bill giving Congress a voice on the proposed nuclear accord with Iran as the Senate Foreign Relations Committee, in rare unanimous agreement, moved the legislation to the full Senate for a vote. An unusual alliance of Republican opponents […]

Obama Blinks on Iran Nuke Vote

DAILY BEAST: …The White House just did a 180 on a controversial bill to let Congress vote on the Iran nuclear deal. It’s a big win for the deal’s critics… Faced with the prospect of a backlash from members of Obama’s own party on his signature foreign policy initiative, the White House on Monday said […]