Category Archives: Taxation

Congress Reaches Tentative Deal On “Temporary” Payroll Tax Extension

Of course, many in the media and the Democrat Party (but, I repeat myself) are portraying this as Republicans caving. Pretty much because this is about the only thing that Obama has done that is actually popular, to a degree. Why removing money from the Social Security fund is popular, I’m not sure (Washington Post) […]

Hypocrite John Stewart Slammed On Taxes

Yes, John Stewart had a little hussy fit over Mitt Romney’s tax returns. Oh, and then we find out (Bob Bartelby at Yahoo News) Here’s the problem: According to celebritynetworth.com, Stewart earns $15 million per year as his salary on “The Daily Show.” We can assume, because that is a job, he pays closer to […]

Awesome: Democrat Short Term Payroll Extenstion Unworkable

Obviously, the Democrats in the Senate are playing their typical games in kicking the issue of the payroll tax cut extension down the road. And, via Jake Tapper, we learn (ABC News) Officials from the policy-neutral National Payroll Reporting Consortium, Inc. have expressed concern to members of Congress that the two-month payroll tax holiday passed […]

Who’s Up For A Christmas Tree Tax?

Yes, you can thank the Obama administration for this one (Heritage) President Obama’s Agriculture Department today announced that it will impose a new 15-cent charge on all fresh Christmas trees—the Christmas Tree Tax—to support a new Federal program to improve the image and marketing of Christmas trees. OK, it’s not much, and it only applies […]

Supercommittee Democrats Push Stimulus Spending As Part Of Deficit Reduction Deal

No, really. Somehow, these fools think that dumping more money in yet another wasted attempt to hook up campaign contributors stimulate jobs will reduce the deficit. Technically, if the spending would reap a huge hiring spree where salaries went up and people were again paying taxes (which would also be a boon to the cash […]

Rick Perry Set To Announce His Cut, Balance, And Grow Plan

Better late than never. Skipping the preamble and heading to the meat (Wall Street Journal) On Tuesday I will announce my “Cut, Balance and Grow” plan to scrap the current tax code, lower and simplify tax rates, cut spending and balance the federal budget, reform entitlements, and grow jobs and economic opportunity. The plan starts […]

Sssshhhh: Obama’s Deficit Plan Will Tax More Than The Evil Rich

Anyone who thinks this is anything more than a raise taxes on everyone plan is deluded, and his liberal cheerleaders will suddenly realize that the old Democrat axiom “do you get a paycheck? You’re rich” is in play It’s not just millionaires who’d pay more under President Obama’s latest plan to combat the deficit. Air […]

Angry Man Gives Angry Speech That Won’t Actually Have Substance

Yeah, I watched and listened to his speech on his so-called plan, noting that the “Day of Rage was Saturday, and Obama was late as usual”, and really, is there much more to say than that this was a highly political speech meant to increase his chance for re-election by playing to his base? President […]

Shockingly, Obama Calls For Taxation On Millionaires, Refuses To Send Check To IRS Himself

Yeah, I guess I should say something about Obama’s “Buffett tax,” though I really, really, really didn’t want to link the NY Times, thanks to that despicable 9/11 op-ed by Krugman. Alas, President Obama on Monday will call for a new minimum tax rate for individuals making more than $1 million a year to ensure […]

Obama “Jobs” Bill To Hit Municipal Bonds

What do municipal bonds have to do with Obama’s American Jobs Act? Well, according to Barron’s Municipal bonds have always been synonymous with tax-free income. That would end if President Obama gets his way. Under the jobs bill the President sent to Congress Monday, high-income individuals and families would no longer receive interest from state […]

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