The Archives

Obama, Dems Quietly Look To Nail Those Evil Producers With Even Higher Marginal Rates
4 Dec 2012 8:11 am William Teach

Because success should be punished, comrades!
(Politico) Tax rate increases aren’t the only way in which Democrats are aiming to collect more tax dollars from the rich — they’re also looking to resurrect a dormant pair of oddly named laws that targeted the wealthy for decades.
Some call them gimmicks, some call them a step toward a more progressive tax system — and now Democrats want to use them to solve $12 billion worth of the looming fiscal cliff.
Known as PEP and Pease, they’re a little bit like the original “Buffett rule.”
The …

The GOP’s Fiscal Cliff Doomsday Plan: Not Good, But Not Armageddon Either
4 Dec 2012 7:03 am John Hawkins

The GOP is starting with a weak hand in the fiscal cliff negotiations.
Obama did talk a lot about tax hikes for the rich during his campaign and he won. Moreover, polls indicate that the public is on Obama’s side in that argument. In addition, because of the complete ineffectiveness of the Republican leadership in Congress, polls also show that the American people would blame the GOP if we go over the fiscal cliff despite the fact that the Democrats are sending every signal that they’re indifferent to whether a …

Washington Post: “Know Who Benefits From Charitable Giving? Only The Rich”
3 Dec 2012 7:36 am William Teach

Fred Hiatt, the editorial page editor of the Washington Post, goes on a bit of a rant
Paying for charitable giving
…At first blush, it seems to make policy sense, too. The rich fabric of America’s civic life, from Boy Scouts to community orchestras to soup kitchens, is the envy of the world. Its diversity reflects in part how much it depends on private givers with diverse interests and motives, and not just on the government. Their giving is encouraged by the charitable deduction, enacted in 1917, just four years after the …

Obama’s Re-Election Mandate: Guess Whose Money He’s Targeting Next?
1 Dec 2012 1:55 pm Rachel Alexander

Many Americans didn’t bother to vote in the past presidential election, some out of apathy or a belief that the election would hardly affect them. They are in for a rude awakening now that Obama has won re-election. His Santa Claus false promises are unsustainable, so there are going to be few winners and a lot of losers as he redistributes wealth. Obama ran on a platform of making the rich “pay their fair share of taxes,” but raising taxes on the wealthy will only fund the federal government for eight days …

Obama’s Fiscal Cliff Offer: Tax And Spend
30 Nov 2012 7:31 am William Teach

An unserious proposal from an unserious president
(Politico) Treasury Secretary Timothy Geithner’s fiscal cliff proposal to Republicans Thursday was rejected out of hand, but offered a window into President Barack Obama’s priorities in the fast-evolving budget talks.
In the plan, sources said, Geithner proposed a two-step process to ultimately achieve about $1.6 trillion in new revenue. The first step would net $960 billion immediately by allowing the Bush-era tax cuts to expire on top earners along with raising rates on dividends and capital gains.
Another $600 billion would come from overhauling the tax …

Obama’s Plan: Tax Now, Cut Later
29 Nov 2012 4:49 pm Michael Fell

Obama has demonstrated zero flexibility on his insistence that higher tax rates for the wealthy kick in on January 1, 2013.
To those familiar with “progressive” modus operandi, it is not surprising that the White House and their “progressive” political allies envision Medicare and other “entitlement” savings happening ten to twenty years from now.
This is what “progressives” call a “balanced approach.”
The same “balanced approach” “progressives” used when they promised Ronald Reagan three dollars in future spending cuts for every dollar of tax increases. The same “balanced approach” “progressives” used when they …

Joe Scarborough: Hey, Let’s Raise Capital Gains Taxes On Uber-Rich
29 Nov 2012 8:35 am William Teach

While we’re at it, why not take away all the amortization and other breaks companies receive? Let’s nail them with higher taxes, especially companies like Progressive Insurance, General Electric, and Heinz. Take away all the breaks for the sports and entertainment industries
(Politico) The Oracle of Omaha came on the show yesterday and promoted his plan to impose a minimum 30 percent tax on millionaires and billionaires. Warren Buffett said such a tax was necessary because fully a quarter of the 400 richest Americans (who averaged $200 million in income) paid …

Disagree With Obama On Taxes? Then You’re Ruining The Holiday Season
26 Nov 2012 8:08 am William Teach

Team Obama can’t even force themselves to use the word “Christmas”
(Daily Caller) Any Republican refusal to accept President Barack Obama’s fiscal plan may ruin Christmas for the nation’s retailers, the White House claimed in a report released Monday morning.
“The National Retail Federation is forecasting that holiday sales will grow 4.1 percent this year … [but] if Congress does not act on the President’s plan to extend tax cuts for the middle-class, it will be risking one of the key contributors to growth and jobs in our economy at the most …

Today’s Stealth Tax Story
18 Nov 2012 1:05 pm Warner Todd Huston

One of the many drags about owning a home in the suburbs rears its ugly head around this time a year. Raking leaves is awful drudgery, everyone knows, and here in the middle of November, I’ve already put it off for several weeks longer than I should have. But as I was raking I realized that I was living a stealth tax imposed on me by my local government.
You know how it goes, I’m sure. Fall arrives and those millions, no billions, of those darn leaves fall from their proper …

Obama Really, Really Wants His Upper Middle Class Tax Increase
10 Nov 2012 8:45 am William Teach

As the saying goes, elections have consequences
(The Hill) President Obama said in his weekly address Saturday that his reelection shows Americans want Congress to pass a tax cut for the middle class.
This is what Conservatives mean when we talk about “bias.” In the first paragraph, we get a lie. Obama doesn’t want to reduce taxes for the middle class: he wants to keep the same Bush era rates for those under $250k. Anyhow
Obama said he would work with Democrats and Republicans, along with industry, labor and civic groups, to find …

Are Republicans Dumb Enough to Support a Carbon Tax?
24 Sep 2012 12:11 pm Brian Garst

When it comes to taxes, Republicans really do play the stupid party to the Democrats’ evil. If Democrats propose raising taxes, Republicans trip over themselves to offer to sharp contrast by offering to raise taxes a bit less. CF&P President Andrew Quinlan highlighted the latest example of this strategic brilliance in Forbes:
[I]t’s not just those on the left pushing for the tax. A few conservatives and Republicans are also quixotically jumping on the bandwagon.
The American Enterprise Institute, for instance, has recently hosted a series of events designed to brainstorm ways …

Why is the EPA Funding a Private Newspaper?
15 Sep 2012 1:50 pm Warner Todd Huston

The Environmental Protection Agency has been indulging its inner propagandist by spending at least $3.5 million to float newspaper that is purportedly “reporting” on the EPA’s pet issues. Unfortunately for the readers of this newspaper, the fact that the EPA is its sugar daddy is never told the reading public.
So much for an independent press!
The newspaper in question is the Chesapeake Bay Journal, a free publication that appears monthly across the Mid-Atlantic states. Environmental themed articles from this paper have also appeared in such newspapers as The Baltimore Sun.
This is …

Actor Will Smith Loves Taxes, But NOT French Taxes
9 Aug 2012 5:45 pm Warner Todd Huston

Back in May Actor Will Smith recently appeared on a TV show in France when the subject of taxes was brought up. Smith piously proclaimed how he loves taxes because he wants to help his country. But then he was told how much new French President Francois Hollande wants to levy on France and, well, suddenly taxes weren’t so great as far as Smith was concerned.
You see, President Hollande has proposed that anyone that makes over a million Euros should pay a tax rate of 75%. This made Will Smith …

Updated: Americans for Prosperity Slams Obama’s Failure In Tackling The National Debt
7 Aug 2012 3:11 pm Matt Vespa

With the news cycle hitting the annual period of banality, Americans for Prosperity is keeping the pressure on Barack Obama. With unemployment rising to 8.3%, the national debt growing, and record deficits, they have announced another $27 million dollar ad buy highlighting the president’s inability to tackle the debt.

USA Today reported on August 7th that:
Americans for Prosperity is planning a massive ad buy in 10 battleground states and Minnesota that will strike against President Obama for the rising national debt.
The group, which has already poured millions into critical advertisements against …

Cook Medical Scraps Expansion Plans Over ObamaCare Medical Tax
28 Jul 2012 9:19 am William Teach

The Democrats who wrote, passed, and support the “American Care Act” probably thought that companies would just roll over and willingly pay a higher tax rate for their medical devices. Alas, the Real World has intruded on the Dem fantasies of collecting more tax money to spread around to their campaign contributors and voters
(Fox News) An Indiana-based medical equipment manufacturer says it’s scrapping plans to open five new plants in the coming years because of a looming tax tied to President Obama’s health care overhaul law.
Cook Medical claims …

Democrat Senate Passes Tax Bill To Stick It To Job Creators
26 Jul 2012 8:42 am William Teach

Interestingly, if they really cared about the middle class, they’d call for a reduction in taxes on those making less than $200k individual/$250 joint
(Washington Post) The Senate on Wednesday narrowly approved a plan to preserve tax cuts for the middle class while letting them expire for the wealthy, a powerful if largely symbolic victory for Democrats who have been pushing to raise taxes on the rich for more than a decade.
The measure is dead on arrival in the Republican-controlled House, where leaders are preparing to vote …

Victorious Lt. Gov. Rebecca Kleefisch Returns To Smart Girl Summit
25 Jul 2012 6:55 pm Matt Vespa

Lt. Gov Rebecca Kleefisch, still fresh from her recall victory in June, gave the closing address at Smart Girl Summit held this past weekend. She joked with the crowd stating that when she addressed the summit last year, many were doubtful she would have a job in the coming months. However, she said she would have come back as “a martyr”. She is the first Lt. Governor in American history to survive a recall election. When you turn a $3.6 billion dollar deficit into a $154 million dollar surplus, …

Obama’s “tax return” graph is half-true
23 Jul 2012 11:48 am Dustin Siggins

On July 18, the Obama campaign’s “Truth Team” released a Facebook table comparing the number of “years for which President Obama and Mitt Romney have released their tax returns.” According to the table, which is directly below, the President has released for all of the last 12 years, and Romney for only one, 2010.

This graph is factually inaccurate. As reported by ABC News and practically every other political and news organization in the country in January, Romney released both his full 2010 and preliminary 2011 taxes for public viewing. While …

If You Drive A Car, They’ll Tax the Street
19 Jul 2012 10:48 pm Matt Vespa

Drivers in the San Francisco Bay Area may be subject to a brand new tax. Besides being tracked by your GPS, drivers will be “taxed per miles driven – a scenario which is part of a proposed long-range study aimed at finding ways to reduce traffic and pollution, while also raising revenues. Members of the Metropolitan Transportation Commission and the Association of Bay Area Governments are scheduled to vote on Thursday on whether or not to authorize a study of the proposal. Under the plan, drivers would have to install trackers …

Politico’s Jonathan Martin Compares Romney to Gordon Gekko; Finds Obama’s Failed Eco-Crony Capitalism Uninteresting
17 Jul 2012 5:22 pm Matt Vespa

Gwen Ifill of the PBS Newshour hosted Jonathan Martin of Politico and Molly Ball of The Atlantic magazine in a left wing cuddlefest that bashed Romney over Bain, his taxes, and Solyndra on July 16. Ms. Ifill was not the least concerned that this story is mere fodder for the Obama campaign to pivot away from its abysmal economic record, but nevertheless, started off the shooting gallery by asking Jonathan Martin to “help us explain this Bain back-and-forth.”
“At the end of this weekend, was there any more clarity about when he left …

Obama finds the truth offensive

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