Category Archives: Taxation

Democrat Senate Passes Tax Bill To Stick It To Job Creators

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 […]

Obama Calls Mandate A Tax

Remember this? Mr. Obama’s teleprompter failed him again President Obama used the word “tax” to describe the health care mandate under his reforms, a departure from his prior etymological stance that it is a penalty. “By the way, if you’ve got health insurance, you’re not getting hit by a tax,” the president said during his […]

Dueling Tax Plans: Whose Is Better For The 98%?

What we’ve seen lately from Team Obama is an attempt to shit the dialogue from his terrible handling of the economy and the notion that Obama is out of ideas by offering up…..the retread idea of class warfare by raising taxes on “the rich”. ABC News takes an actual look at what the tax plans […]

England Considers Slapping Green Drivers With Fees And Taxes

One of the results of people going “green” when it comes to driving is that these vehicles use less gas, meaning that there is less tax collected. I discussed this same thing happening in the USA in terms of money lost from the use of hybrid, electric, and fuel efficient vehicles last November. There’s absolutely […]

Obama: “Prosperity Grows From People With No Money”

Yes, he was throwing down one his well used class warfare cards (Washington Times) Two days after Senate Republicans blocked consideration of the White House’s “Buffett rule,” a proposed tax increase on millionaires, President Obama used the rejection to rally supporters in swing-state Ohio and paint himself as a champion of the middle class. “In […]

Dueling Tax Plans: GOP Small Business Tax Break Vs. Buffett Rule

One party pushes class warfare while the other pushes for job creation (Politico) With the glare of the public spotlight trained on Tax Day, Congress is readying for a political fight with dueling tax votes this week that will define each party’s priorities in this election year. In one corner are Republicans, who are touting […]

Oops: Obama Pays Lower Tax Rate Than His Secretary

One would think that after all Obama’s whining about the Buffett rule and class war, Obama would make sure that he paid a higher net tax rate than his secretary (ABC News) President Obama today released his 2011 federal income tax, with he and his wife reporting an adjusted gross income of $789,674. The Obamas […]

Tax Law Provision Could Keep Supreme Court From Making Obamacare Decision Till 2015

Perhaps this is one of the reasons Team Obama is arguing that the mandate is a tax (USA Today) Next month’s challenge to the Obama-sponsored health care law could affect the care available to most Americans, alter the balance of power between Washington and the states and remain a flash point through this presidential campaign. […]

Obama To Propose 28% Corporate Tax Rate, Go After Oil And Gas Companies

If you remember, Obama announced as part of his campaign style budget that he was going to push for corporate taxes in line with peer nations, which would have put the rate at about 20%. Well, his love of high taxes didn’t quite allow him to get there (Washington Post) President Obama on Wednesday plans […]

Shocking News: Higher Tax Rate In Britain Results In Lower Tax Revenue

It’s the height of Liberal/leftist/progressive fashion to try and tax those evil rich people to make up for idiotic government spending, and also because in Liberal World rich people are simply evil and….well, you’ve heard the story before. So, what happens when government tries it? (Telegraph) The Treasury received £10.35 billion in income tax payments […]

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