December 8, 2012 – 4:19 pm
Jim Geraghty provides a great plan so that Blue states pay their “fair share”. The article comes from a newsletter from Jim, which arrives in email, but is similar to what Jim posted on the 5th (via Doug Ross) Hmm. Joel Kotkin of Forbes lays out how the tax hikes envisioned by Obama and congressional […]
December 4, 2012 – 8:16 am
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 […]
December 3, 2012 – 7:41 am
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 […]
November 30, 2012 – 7:36 am
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 […]
November 29, 2012 – 8:40 am
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 […]
November 28, 2012 – 11:43 am
Really, who would have thought this would happen? (UK Telegraph) In the 2009-10 tax year, more than 16,000 people declared an annual income of more than £1 million to HM Revenue and Customs. This number fell to just 6,000 after Gordon Brown introduced the new 50p top rate of income tax shortly before the last […]
November 26, 2012 – 8:11 am
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 … […]
November 19, 2012 – 3:20 pm
Here we go The Twinkie Manifesto Yet in the 1950s incomes in the top bracket faced a marginal tax rate of 91, that’s right, 91 percent, while taxes on corporate profits were twice as large, relative to national income, as in recent years. The best estimates suggest that circa 1960 the top 0.01 percent of […]
November 10, 2012 – 8:49 am
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 […]
July 28, 2012 – 9:20 am
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 […]
