Free Republic 1st Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $22,559
25%  
Woo hoo!! And the first 25% is in!! Thank you all very much for your continuing support!!

Keyword: incometaxes

Brevity: Headers | « Text »
  • Trump's revenge: US crude oil floods European markets in blow to OPEC and Russia

    04/24/2018 7:42:20 AM PDT · by afraidfortherepublic · 90 replies
    UK Express Finance News ^ | 4-24-18 | Darius McQuaid
    THE United States is flooding the European markets with record amounts crude oil as US producers seize on Russia and the Organisation of the Petroleum Exporting Countries (OPEC) pact to cut output resulting in soaring oil prices. US crude oil is seen as the cheaper option as the OPEC and Russia pact begins to bite after agreeing jointly to oil output jointly by 1.8million barrels per day (bpd) help rebalance the market and to help elevate the benchmark Brent prices. Now, the relatively high prices brought about by that pact, coupled with surging US output, are making it harder to...
  • Paul Krugman: We Don’t Need No Education

    04/24/2018 7:42:00 AM PDT · by EdnaMode · 33 replies
    New York Slimes ^ | April 24, 2018 | Paul Krugman
    Matt Bevin, the conservative Republican governor of Kentucky, lost it a few days ago. Thousands of his state’s teachers had walked off their jobs, forcing many schools to close for a day, to protest his opposition to increased education funding. And Bevin lashed out with a bizarre accusation: “I guarantee you somewhere in Kentucky today a child was sexually assaulted that was left at home because there was nobody there to watch them.” He later apologized. But his hysterical outburst had deep roots: At the state and local levels, the conservative obsession with tax cuts has forced the G.O.P. into...
  • GREAT AGAIN: GDP Smashes Expectations, HITS 15 Year HIGH

    04/24/2018 7:27:51 AM PDT · by Enlightened1 · 32 replies
    Sean Hannity ^ | 04/24/24 | Hannity Staff
    New statistics released by the Congressional Budget Office projected record breaking GDP growth throughout 2018; smashing expectations and signaling a robust US recovery under President Trump and the GOP-controlled Congress. According to CNS News, the strong data shows Gross Domestic Product growing by at least 3.3 percent from the fourth quarter of 2017 to the fourth quarter of 2018; the highest level of growth seen in at least 15 years. “In CBO’s projections, real GDP expands by 3.3 percent this year and by 2.4 percent in 2019,” says the CBO report. “It grew by 2.6 percent last year.” “In our economic...
  • 7 Forces Driving America Toward Civil War

    04/21/2018 5:19:30 AM PDT · by Kaslin · 119 replies
    Townhall.com ^ | April 21, 2018 | John Hawkins
    I was interviewed by a mainstream media reporter yesterday. I thought he wanted to talk tech issues, but we actually spent almost the entire conversation discussing the feeling that many conservatives have that America has gone off the tracks and is headed toward dissolution or alternately, a civil war one day. Obviously, this would be a terrible thing and ironically, twenty years ago, it would have been laughable. Today, the joke isn’t so funny because we are a deeply unhealthy society with a dysfunctional government and for all our money, success and storied history, we seem to be on an...
  • GOP faces rural rebellion over Trump trade agenda

    04/21/2018 5:58:56 PM PDT · by Angels27 · 54 replies
    NBC "News" ^ | 4-21-18 | Jonathan Allen and Leigh Ann Caldwell
    President Donald Trump's trade policies are confounding Republicans as rural voters — his strongest supporters — stand to get the short end of the stick just months away from the midterms. From his dairy farm in southeastern Nebraska, lifelong Republican Ben Steffen believed Donald Trump meant what he said on the campaign trail about ripping up U.S. trade agreements. So Steffen, who produces milk, beef, soybeans, corn and wheat, wasn't shocked when Trump pulled America out of the Trans-Pacific Partnership pact, began renegotiating NAFTA or announced his intent to impose aluminum and steel tariffs on China that have drawn the...
  • Gallup: Tax Cut Not Moving the November Needle

    04/24/2018 5:34:37 AM PDT · by ChicagoConservative27 · 33 replies
    brietbart ^ | 04/23/2018 | Neil Munro
    A Gallup poll shows a very mixed reaction by Americans to the GOP tax cut, creating another November problem for the establishment wing of the GOP. “Republicans have been increasingly more positive about their federal income taxes since [President Donald] Trump took office last year … [but] independents’ and Democrats’ views have not changed much,” Gallup reported April 16 about its survey of 1,015 adults, which was conducted early April. That’s bad news for the GOP leadership, which is hoping that the tax benefits will spike turnout by GOP voters, help with independents and mute Democratic opposition. Without strong voter...
  • Andy Puzder: What Trump-haters don't get about the incredible power of American capitalism

    04/23/2018 5:14:58 AM PDT · by ChicagoConservative27 · 8 replies
    foxnews ^ | 04/23/2018 | Andy Puzder
    President Trump promised to reverse the Obama era’s progressive economic policies and free American capitalism to do what it does best: increase prosperity for all. And, sure enough, that’s exactly what happened. Buoyed with optimism as taxes were cut and anti-business regulations eliminated, businesses invested, GDP growth climbed to a 3.1 percent average for Trump’s first three full quarters in office and the unemployment rate declined to a low last seen during President Clinton’s final year in office. To avoid slipping back into the economic doldrums we experienced under President Obama –- which, incidentally, offer a look at the alternate...
  • New ideas to make Democrats the party of the future

    04/22/2018 9:37:27 AM PDT · by yesthatjallen · 22 replies
    The Hill ^ | 04/22/18 | Winston Fisher and Jim Kessler
    In the latest “believe it or not” moment, farmers are experimenting with collars for cows equipped with GPS and electronic signaling that would eliminate the need for fencing and herding. American farmers spent $300 million last year on fencing. To policymakers concerned about the creation of jobs, did anyone see farm fencing falling to the veracious appetite of disruption? The Republican Party, led by Donald Trump, is unabashedly lurching backwards. The tax bill was straight out of the supply side 1980s. The steel tariffs are from the Smoot-Hawley 1930s. Democrats are, understandably, mostly in opposition mode. But the world is...
  • Ouch! President Trump’s Approval Holds at 50% – Hillary Clinton’s Approval Sinks to 27%

    04/20/2018 7:04:58 AM PDT · by SeekAndFind · 37 replies
    The Gateway Pundit ^ | 04/20/2018 | Jim Hoft
    President Trump’s approval rating held at 50% on Wednesday according to Rasmussen Reports. Barack Obama’s approval rating at the same time in his presidency was at 47%. It’s worse for Hillary Clinton — According to the latest Wall Street Journal-NBC News poll released this week Hillary Clinton’s approval rating is down to 27%. .@HillaryClinton's popularity rating sinks to new all-time low at 27%. – WSJ/NBC News poll — Ryan Saavedra 🇺🇸 (@RealSaavedra) April 18, 2018
  • IMF chief urges policymakers to steer clear of all protectionist measures.......

    04/20/2018 7:13:08 AM PDT · by caww · 11 replies
    Xinhua ^ | 4/20/2018 | Editor: Lifang
    Christine Lagarde, Managing Director of the International Monetary Fund (IMF), on Thursday urged policymakers to steer clear of all protectionist measures amid rising trade tensions between the United States and its major trading partners. "Trade restrictions have not been proven helpful and we suspect that they might even dent confidence," Lagarde said at a press conference during the spring meetings of the IMF and the World Bank, adding all countries should "work together to resolve disagreements without using exceptional measures." The spring meetings of the two leading international financial institutions come after the Trump administration recently announced additional tariffs on...
  • Paul Krugman: The Great Snake Oil Slump (Why Trump's Tax Cuts are a Political Fizzle)

    04/20/2018 7:13:33 AM PDT · by SeekAndFind · 43 replies
    New York Times ^ | 04/20/2018 | Paul Krugman
    Stop me if you’ve heard this before. A G.O.P. presidential candidate loses the popular vote, but somehow ends up in the White House anyway. Despite his dubious legitimacy, his allies in Congress take advantage of his election to ram through a huge tax cut that blows up the budget deficit while disproportionately benefiting the wealthy. While the big bucks go to the big incomes, however, the tax bill does throw some crumbs at the middle class, and Republicans try to sell the bill as a boon to working families. So far this account applies equally to George W. Bush and...
  • Affluent Democrats Aren’t an Obstacle to Economic Populism

    04/20/2018 6:22:55 AM PDT · by Oldeconomybuyer · 10 replies
    New York Magazine ^ | April 20, 2018 | By Eric Levitz
    The Democratic Party has never been more reliant on the support of upper-middle-class voters than it is today. And the economic fortunes of affluent Americans - and those of the typical working-class household - have rarely been more disparate. These twin developments have inspired much commentary about the class tensions beneath Team Blue’s “big tent”. There is little doubt that it would be easier to advance radical economic reform in an America where politics was sharply polarized along class lines, and working people of all races were concentrated in a single partisan coalition. It is absolutely true that a liberal...
  • You Won’t Believe What Tax Reform Will Cost Wealthy Californians In 2019

    04/18/2018 1:52:05 PM PDT · by SeekAndFind · 73 replies
    Hotair ^ | 04/18/2018 | Ed Morrissey
    Lots of people just talk about soaking the rich, but Donald Trump and the GOP actually did it — in California, anyway, although they won’t be alone. The controversial phase-out of the state and local tax deduction (SALT) will drop like a bombshell on high-tax-rate blue states, which is one reason why Democrats so staunchly opposed it. According to an analysis from California’s Franchise Tax Board, the Golden State will be Ground Zero: President Donald Trump’s tax cuts will be anything but for about 1 million California taxpayers who will owe Uncle Sam more money a year from now.They’re...
  • Millionaire’s Taxes Offer Little Bang and Little Buck: Good politics but bad economics.

    04/18/2018 9:36:38 AM PDT · by SeekAndFind · 11 replies
    National Review ^ | 04/17/2018 | By JONATHAN WILLIAMS & ROSS MARCHAND
    Soaking the rich is good politics but bad economics. Millions of Americans are beginning to see the fruits of the federal tax overhaul passed in December, with higher take-home pay, bonuses, and a stronger job market. However, these good times could soon end in some left-leaning states that are considering raising their income taxes. New Jersey, Massachusetts, and Maine may soon place surtaxes on “millionaires,” via legislation in the Garden State and ballot measures in the others. To proponents of larger government and greater state-level redistribution, raising rates on “fat cats” is a perfect way to fund more Medicaid and...
  • NPR/PBS NewsHour/Marist Poll: Pushing Impeachment Would Backfire On Democrats In 2018

    04/18/2018 9:00:15 AM PDT · by Oldeconomybuyer · 20 replies
    NPR ^ | April 18, 2018 | by Jessica Taylor
    Pledging to impeach President Trump would backfire on Democrats hoping to take back the House of Representatives this fall, according to a new NPR/PBS NewsHour/Marist poll. The survey finds that 47 percent of registered voters would definitely vote against a candidate who wanted to remove Trump from office, while 42 percent would definitely vote for a candidate who would make such a promise. Forty-seven percent of independent voters - whose opinions could be decisive - also say they would vote against candidates favoring impeachment. Unsurprisingly, impeachment is a non-starter with 84 percent of GOP voters. And Lee Miringoff, the director...
  • Trump's tax cut not for everyone: 1 million Californians will owe $12 billion more next year

    04/17/2018 8:17:02 PM PDT · by BenLurkin · 75 replies
    President Donald Trump’s tax cuts will be anything but for about 1 million California taxpayers who will owe Uncle Sam more money a year from now. They’re the Californians who will lose a collective $12 billion because the new law caps a deduction they have been able to take for paying their state and local taxes, according to a new analysis by the Franchise Tax Board. Very wealthy Californians earning more than $1 million a year will pay the lion’s share of that money, with 43,000 of them paying a combined $9 billion. ... Overall, most Californians should see a...
  • Taxes Don’t Cover America’s Expenses: Entitlement reform the only solution to ballooning debt.

    04/18/2018 9:25:19 AM PDT · by SeekAndFind · 21 replies
    National Review ^ | 04/17/2018 | Michael Tanner
    Yesterday, as most Americans are painfully aware, was “Tax Day,” the last day for filing individual income taxes this year. When the smoke clears, Americans will have paid $1.6 trillion in individual income taxes. And contrary to the populist rhetoric of both the Left and the Right, the vast majority of those taxes will have been paid by the rich. The wealthiest 1 percent of Americans, who earn 16 percent of U.S. income, will pay roughly 43 percent of federal income taxes this year. Of course, income taxes are only one component of federal taxes, and for most Americans, it’s...
  • As Republicans push for second tax vote in Congress, Democrats say 'Let's see'

    04/18/2018 5:58:33 AM PDT · by ChicagoConservative27 · 9 replies
    reuters ^ | 04/17/2018 | Amanda Becker
    WASHINGTON (Reuters) - Republican leaders in the U.S. Congress are moving forward with a plan to vote before the 2018 midterm elections on a bill to make permanent the temporary individual tax cuts in their recent tax overhaul. It is not yet clear, however, if the plan would pick up support from Democrats, whose votes would be needed to pass legislation in the Senate. The Republican tax law, approved in December without Democratic support, permanently cut the top corporate rate to 21 percent from 35 percent and created a permanent deduction for pass-through businesses. It created lower rates and new...
  • How the science of persuasion could change the politics of climate change

    04/16/2018 6:22:34 AM PDT · by Oldeconomybuyer · 49 replies
    MIT Technology Review ^ | April 16, 2018 | by James Temple
    Jerry Taylor believes he can change the minds of conservative climate skeptics. After all, he helped plant the doubts for many in the first place. He’s president of the Niskanen Center, a libertarian-leaning Washington, DC, think tank he founded in 2014. He and his colleagues there are trying to build support for the passage of an aggressive federal carbon tax, through discussions with Washington insiders, with a particular focus on Republican legislators and their staff. Lesson one: Pick the right targets Political scientists consistently find that mass opinion doesn’t drive the policy debate, so much as the other way around....
  • WINNING! Kroger Announces 11,000 New Jobs, Increased Wages, Education Benefits Thanks to Tax Cuts

    04/17/2018 12:05:23 PM PDT · by ethom · 19 replies
    Gateway Pundit/CNBC ^ | April 17, 2018 | Jim Hoft
    Kroger CEO Rodney McMullen announced that the RepublicanÂ’s tax cut has allowed the company to raise wages and invest in its employees. McMullen made the announcement on CNBC. Guy Benson âś” @guypbenson UPDATE: Major Ohio-based grocery chain announces 11,000 new jobs, $500 million in increased wages/benefits to workers & a substantial charitable investment, thanks to tax reform -- which Democrats would like to repeal.https://www.cnbc.com/2018/04/16/kroger-sweetens-employee-benefits-as-it-moves-to-ramp-up-hiring.html Â…