Don Surber of DailyMail reports that 60% of Americans want to see accross the board spending cuts: One good thing about overspending by $4 trillion since Barack Obama become president: It eliminated all the sacred cows. An overwhelming majority not seen in 39 years wants every federal government program to have its budget cut. Every [...]
Tags: Politics · Polls · The Economy
President Obama and the Democrats are calling for higher taxes on the rich on the grounds that the rich are not paying their fair share and are not willing to share in the sacrifice it takes to reduce the deficit and get Americans working again. But politically is this the best way to frame the argument? I don’t think so. Mr. Obama’s [...]
Tags: Opinion · Politics of Taxes
Senior Fellow of Stanford’s The Hoover Institution, Michael Boskin, writing for the Wall Street Journal says that we should Get Ready for a 70% Marginal Tax Rate (emphasis is mine): President Obama has been using the debt-ceiling debate and bipartisan calls for deficit reduction to demand higher taxes. With unemployment stuck at 9.2% and a vigorous economic [...]
Tags: Tax Policy · The Economy
Memo to my tax blogging friends Professors Linda Beale and James Maule: The Bush tax cuts are not responsible for the deficits. Scott Hodge of Tax Foundation’s Tax Policy Blog has the scoop: If we look at how these factors have changed over the past ten years, it becomes obvious that the Bush-era tax cuts have [...]
Tags: Politics of Taxes · Tax Policy · The Economy
The Orlando Business Journal reports that new data from the U.S. Bureau of Economic Analysis show that 48 of the 50 states, including Florida, enjoyed economic growth last year: Florida registered a 1.4 percent increase last year in gross state product, an annual measure of the total output of goods and services. The Sunshine State’s [...]
Tags: The Economy
CNN Money reports that the number of people the left hates increased by 8% in 2010: The millionaire population jumped in the U.S. by 8% last year, fueled by the stock market recovery, according to an industry report on Wednesday. The number of U.S. households worth at least $1 million rose to 8.4 million in [...]
Tags: News · The Economy
Would you ask your eleven year old son whether or not he should have his weekly allowance of $20 cut to $10? Of course you wouldn’t, which brings me to Patterico’s dead-on post about the utter idiocy of letting people who receive entitlements decide whether or not to end them: A new Wall Street Journal poll finds that [...]
Tags: Legislative Watch
