The economy added 200,000 jobs in December and President Obama is taking credit for it. The only problem is what he’s taking credit for happens to be tax cuts. Here’s an excerpt of Obama’s speech from the White House website (emphasis added): This morning we learned that American businesses added another 212,000 jobs last month … . And [...]
Tags: Announcements · News · Politics of Taxes
For the past several months Democrats have claimed that Republicans’ opposition to tax increases is part of a master plan to destroy the federal government. The absurdity of this accusation is readily apparent to thinking humans, but, sadly, most of us avoid deep thought like an Al Qaeda-man avoids a Navy Seal. So let me offer this analogy: Suppose your child is sixty pounds overweight from years [...]
Tags: Legislative Watch · Opinion · Politics
Republicans believe that the federal government has gotten too big and as a solution propose severe cuts in spending and oppose tax increases. Democrats believe that the federal government needs to do more for the poor and the middle class and as a solution propose tax increases on the wealthy and oppose major cuts in entitlement programs. Nobody – not me, not [...]
Tags: Opinion · Politics · Politics of Taxes
Charles Riley of CNNMoney has a prediction about how the debt/deficit debate is going to turn out: Huge spending cuts, and maybe some targeted tax hikes. That’s how the deal to raise the debt ceiling is shaping up. Details are thin, as negotiations have been carried out behind closed doors and involve only a few of [...]
Tags: Legislative Watch · Politics of Taxes
The New York Times John M. Broder reports that two senior Republicans said Sunday that they might be open to raising new government revenue as part of a deal to resolve the dispute over the federal debt ceiling: One of the senators, John Cornyn of Texas, said he would consider eliminating some tax breaks and corporate [...]
Tags: Politics of Taxes · Tax Policy
William Galston of Brookings has called out President Obama for playing the populist card by attacking deductions taken by corporations for their corporate jets (emphasis is mine): Obama’s poll-tested list of unpopular provisions—from corporate jet deductions to oil production subsidies to special breaks for hedge fund managers— gave unwary listeners the impression that the current [...]
Tags: Tax Policy
“The vision of the Founders and Framers of the Constitution for the Federal Government have been left behind in the regulatory, burdensome, exhaustive, over reaching and over taxing government that now leads this nation. Its power is limitless, and its influence and intrusion in the lives of We the People have already begun to crumble [...]
Tags: News · Politics of Taxes · The Economy
