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Keyword: obamataxes

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  • The Taxation President

    01/30/2014 5:00:38 AM PST · by rootin tootin · 3 replies
    American Spectator ^ | 1/30/2014 | Peter Ferarra
    The President started last year forcing through sweeping tax increases. The top marginal income tax rate rose by nearly 20%, to punish the most successful for the anti-social acts of working too hard and producing too much. The capital gains tax rate was increased by nearly 60%, as was the tax on corporate dividends. America’s top marginal corporate income tax rate remains the highest among all developed world economies, close to 40% on average, given state corporate tax rates as well. But those punitive tax burdens are just not enough for President Obama, who should go down in history as...
  • Obama on Obamacare: “We did raise taxes on some things.” (Duck You Suckers)

    09/25/2013 12:14:57 PM PDT · by yoe · 22 replies
    Americans for Tax Reform ^ | September, 25, 2013 | John Kartch
    During his Tuesday remarks at the Clinton Global Initiative, President Obama admitted that his health care law raises taxes: “So what we did — it’s paid for by a combination of things. We did raise taxes on some things.” “Some things” is an understatement. Below is just a partial list of Obamacare’s new or higher taxes on Americans: Starting in tax year 2013: Obamacare Medical Device Tax: Medical device manufacturers employ 409,000 people in 12,000 plants across the country. Obamacare imposes a new 2.3 percent excise tax on gross sales – even if the company does not earn a profit...
  • Analysis of Obama’s budget finds a higher tax burden for most Americans (Obama lies!)

    04/23/2013 3:13:40 PM PDT · by tobyhill · 8 replies
    washington post ^ | 4/23/2013 | Zachary A. Goldfarb
    President Obama’s budget would raise taxes mainly on people earning more than $200,000 a year, although earners at nearly every income level would face a somewhat higher tax burden, according to a new nonpartisan analysis. The study by the Tax Policy Center finds that in 2015, 86 percent of the increase in taxes would be borne by people earning $200,000 or more a year. That would largely be a result of dramatically scaling back tax breaks that disproportionately benefit the wealthy and establishing a minimum level of taxation for people who earn $1 million a year. But the study also...
  • Tax Day Reality Bites, Don't It? Obama Thinks You're "Rich"

    04/16/2013 8:46:14 AM PDT · by NOBO2012 · 4 replies
    Michelle Obama's Mirror ^ | 4-16-2013 | MOTUS
    Thoughts and prayers this morning for yesterday’s bombing victims and their families. I know there has been talk about the Marathon Bomber being a disgruntled Tea Partier (well okay, it was just Tingles and CNN dufus, Peter Bergen, who came right out and said it, butt you know others were hoping thinking it too.) From what I hear via Little Mo that is very unlikely. Here’s part of the report he filed late last night: “Authorities say they are searching for a darker skinned or black male with a black backpack and black sweatshirt, possibly foreign national from the accent...
  • President Obama's Weirdest New Taxes [Tax on Flavored Vodka, Golf Courses Are No Longer Tax Havens]

    04/12/2013 6:24:16 AM PDT · by Sub-Driver · 12 replies
    President Obama's Weirdest New Taxes By CHRIS GOOD (@c_good) April 12, 2013 President Obama has plenty of big taxes in his budget proposal. To achieve $1.8 trillion in new revenue, the president suggested a few of the policies he's raised while battling Republicans over the past four years: taxing higher incomes by capping itemized tax deductions, rolling back domestic-production credits for oil companies, instituting the "Buffett Rule" of a 30 percent minimum tax rate for people making over $1 million in a year, and taxing investment managers' "carried interest" profits as regular income top the list. But the tax code...
  • Obama to propose short term package to put off spending cuts [at 1:15 EST]--LIVE THREAD

    02/05/2013 9:47:41 AM PST · by John W · 44 replies
    Reuters via nbcnews.com ^ | February 5, 2013 | Reuters
    President Barack Obama on Tuesday will propose that Congress pass a small package of spending cuts and tax reforms to put off the "harmful consequences'' of huge automatic spending cuts known as the "sequester'' for a few months, a White House official said.
  • Obama: 'No doubt' nation needs more tax revenue to lower deficit

    02/03/2013 3:48:25 PM PST · by jazusamo · 41 replies
    The Hill ^ | February 3, 2013 | Peter Schroeder
    President Obama insisted Sunday that additional tax revenue will need to be part of future deficit deals, but said hikes in tax rates may not be necessary. In a pre-Super Bowl interview with CBS, the president outlined his vision for further deficit reduction, which he said was essential, but in a way that preserves the government's ability to continue spending on key programs. He also emphasized that the seemingly continuous stream of Washington standoffs was wreaking havoc on confidence in the U.S. economy. Republicans have insisted that the revenue side of the deficit equation was dealt with during "fiscal cliff"...
  • Now They Tell Us: Obama's Tax Promises Were Bogus

    01/24/2013 4:46:50 AM PST · by IBD editorial writer · 16 replies
    Investor's Business Daily ^ | 1/23/2013 | IBD Staff
    Remember all those mainstream news reports before the election about how President Obama's expansive spending plans would require massive tax hikes on everyone, not just millionaires and billionaires? Neither do we. But somehow after the election, reporters are finally admitting that Obama's budget numbers simply don't add up and that new taxes on the middle class — including a European-style value added tax — are "inevitable."
  • CURL: Obama supporters shocked, angry at new tax increases

    01/06/2013 4:23:49 PM PST · by Reagan is King · 107 replies
    The Washington Times online ^ | Sunday, January 6, 2013 | Joseph Curl
    Sometimes, watching a Democrat learn something is wonderful, like seeing the family dog finally sit and stay at your command. With President Obama back in office and his life-saving “fiscal cliff” bill jammed through Congress, the new year has brought a surprising turn of events for his sycophantic supporters. “What happened that my Social Security withholding’s in my paycheck just went up?” a poster wrote on the liberal site DemocraticUnderground.com. “My paycheck just went down by an amount that I don’t feel comfortable with. I guarantee this decrease is gonna’ hurt me more than the increase in income taxes will...
  • Obama: More Tax Increases Possible to Reduce the Deficit

    01/06/2013 2:03:15 PM PST · by lowbridge · 38 replies
    http://www.theblaze.com ^ | january 5, 2013 | Madeleine Morgenstern
    President Barack Obama said he’s willing to consider more spending cuts to lower the deficit, as long as they’re coupled with more tax reforms. Using Saturday’s weekly address to praise Congress’ last-minute deal to avert the “fiscal cliff,” Obama said it’s “just one more step” in the larger effort to boost the economy and reduce federal deficits. He said this week’s deal raised taxes on the wealthiest Americans while preventing a middle-class tax hike that could have thrown the country back into recession. “I believe we can find more places to cut spending without shortchanging things like education, job training,...
  • Obama’s hidden-tax heist (How the Fed masks Obama's Spending effects)

    12/26/2012 7:00:25 AM PST · by SeekAndFind · 1 replies
    Washington Times ^ | 12/26/2012 | Richard Rahn
    How is it possible that the government can spend almost twice as much as it takes in without having high inflation? The fact is that over a long period of time, it can’t. In the short run, which can be a few years, the government can paper over its fiscal irresponsibility by expropriating most of the productivity gains in the private sector through regulatory and central bank actions. This is precisely what has been happening in the United States. The reason real, after-tax, per capita incomes have been able to increase year by year for most Americans for the past...
  • Biden: Middle Class 'Has Been Buried the Last Four Years'

    10/02/2012 10:50:07 AM PDT · by GOPinCa · 51 replies
    Vice President Joe Biden said the middle class "has been buried the last four yeas" at a campaign event in Charlotte, North Carolina: "This is deadly earnest, man. This is deadly earnest," Biden said. "How they can justify--how they can justify--raising taxes when the middle class has been buried the last four years... How in Lord's name..." Of course, Barack Obama has been president the last four years, and Biden has been vice president.
  • OBAMA PREPARES TO DROP TAX-INCREASE BOMB ON JOB CREATORS

    07/09/2012 8:52:45 AM PDT · by kingattax · 32 replies
    Big Government ^ | 9 Jul 2012 | John Nolte
    President Obama is obviously panicked. Last month Obama and his supporters spent a lot more than Mitt Romney, but even with that cash advantage and the media on their side, the polls haven't budged. Moreover, the President and his campaign have been running around frantically trying to find something that will stick to Romney, be it provable lies about his outsourcing and outright smears involving offshore accounts. Still, Obama can't get above 47% and Romney hasn't even started campaigning in earnest or spending the $160 million he has on hand. Today, in yet another desperate attempt to win a news...
  • Student Loan Payroll Tax Increase: Another Attack on Small Business

    05/21/2012 11:34:19 AM PDT · by TribalPrincess2U · 15 replies
    heritage.org ^ | May 8, 2012 | By Curtis Dubay
    President Obama is campaigning heavily for Congress to prevent the lapsing of a special low-interest rate on student loans. Specifically, unless deferred, the interest rate will rise from 3.4 percent to 6.8 percent on federal Stafford student loans issued after July 1, says Curtis Dubay, a senior policy analyst at the Heritage Foundation. Senate Majority Leader Harry Reid (D–NV) has proposed to offset the cost of continuing to subsidize these loans by raising taxes on small businesses to the tune of $9 billion over 10 years.[2] This is the latest in a series of tax increases on small businesses pursued...
  • Obama paid lower tax rate than secretary

    04/13/2012 5:35:31 PM PDT · by KSanders · 34 replies
    foxnews.com ^ | April 13 2012
    President Obama and first lady Michelle Obama had a combined income of $789,674 in 2011 but paid a lower tax rate than the president's secretary, who made less than $100,000, the White House confirmed Friday. The Obamas paid an effective rate of 20.5 percent. White House aides would not reveal presidential secretary Anita Breckenridge’s tax rate but confirmed it was higher than the first family's rate. Breckenridge earned $95,000 last year. The Obamas' rate is less than the 30 percent the president wants millionaires to pay under his proposed Buffett Rule.
  • Buffett Rule Doesn't Apply to Obama

    04/13/2012 1:14:25 PM PDT · by Kaslin · 6 replies
    Townhall.com ^ | April 13, 2012 | Kate Hicks
    No wonder President Obama is so keen on passing the Buffett Rule -- it wouldn't have affected his tax rate this year! Yes, that's right: the Obamas raked in less than $1 million this year. Therefore, in a "Buffett Rule" world, they wouldn't have to pay their "fair share." President Obama earned $789,674 in 2011, the White House announced on Friday. However, with this income, he does not even qualify for the so-called Buffett Rule that he has promoted relentlessly and the Senate will take up on Monday. The Buffett Rule calls for those making over $1 million a year...
  • President Obama’s Secretary Paid Higher Tax Rate Than He Did

    04/13/2012 12:44:36 PM PDT · by Sub-Driver · 16 replies
    President Obama’s Secretary Paid Higher Tax Rate Than He Did President Obama today released his 2011 federal income tax, with he and his wife reporting an adjusted gross income of $789,674. The Obamas paid $162,074 in total tax – an effective federal income tax rate of 20.5%. The Obamas also reported donating approximately 22% of their income to charity — $172,130. President Obama has been making a big political push for the “Buffett Rule,” which would require millionaires to pay a minimum of 30% of their income in taxes. To illustrate the point, the president has pointed out that billionaire...
  • Obama likely paid higher tax rate than Romney in 2011

    04/13/2012 11:15:03 AM PDT · by Oldeconomybuyer · 39 replies
    Reuters ^ | April 13, 2012 | By Andy Sullivan
    President Barack Obama released tax forms on Friday that reveal he will probably pay a higher tax rate on lower income than likely Republican opponent Mitt Romney in 2011, adding fuel to a Democratic election-year effort to raise taxes on the wealthy. Obama paid an effective tax rate of 20.5 percent on income of $789,674 last year, the White House said. Romney has estimated he will pay a 15.4 percent tax rate on income of $20.9 million, though he has not filed his return yet. Obama and his fellow Democrats have spent much of the week touting the "Buffett Rule,"...
  • (Hypocrite) Obamas Paid 20.5% in Income Taxes, 2011 Returns Show

    04/13/2012 9:48:51 AM PDT · by tobyhill · 43 replies
    NY Times ^ | 4/13/2012 | MARK LANDLER
    President Obama and his wife, Michelle, reported adjusted gross income of $789,674 in 2011 and paid just over 20 percent of it to the federal government in taxes. Their income declined nearly $1 million from the previous year, when the president was reaping larger amounts from sales of his bestselling books. The numbers were disclosed in the Obamas’ federal income tax return and gift-tax return, released Friday by the White House, along with those of Vice President Joseph R. Biden Jr. Mr. and Mrs. Obama paid $162,074 in income taxes, an effective tax rate of 20.5 percent. In a statement,...
  • Obama: Thank You For Not Asking About My Tax Hikes on Families Making Less Than $250,000

    04/12/2012 9:09:15 AM PDT · by 92nina · 4 replies
    ATR ^ | 2012-04-10 | John Kartch
    Stumping for his “Buffett Rule” tax increase in Florida today, President Barack Obama said the following: “For those people who make under $250,000 a year – like 98 percent of American families do – then your taxes don’t go up.” – Barack Obama, April 10, 2012 But since taking office, President Obama has signed into law at least seven new or higher taxes on families making less than $250,000 per year. President Barack Obama’s central campaign promise – a “firm pledge” against “any form of tax increase” on families making less than $250,000 per year – was shattered when he...
  • Obama's Business "Tax Reform" Is a Tax Hike in Disguise

    02/22/2012 1:40:02 PM PST · by 92nina · 5 replies
    ATR ^ | 2012-02-22 | Ryan Ellis
    The Obama Administration today released a business tax reform plan which is hardly worthy of the name. It raises taxes on employers by hundreds of billions of dollars over this decade, makes both larger and smaller companies less competitive than today, and would do nothing to make American companies more competitive around the world. Raises taxes on employers with unemployment over 8 percent. The Administration plan is shameless in admitting that this is not actually business tax reform. Rather, it's a net tax increase on business with some shiny baubles that might remind one of real tax reform. How does...
  • Obama to call for broad tax increases Wants three dollars in taxes for each dollar of new cuts

    09/19/2011 8:22:41 AM PDT · by NoLibZone · 26 replies
    Washington Times ^ | Sept 19 2011 | By Stephen Dinan - The Washington Times
    President Obama on Monday will propose a deficit plan that calls for about three dollars in new tax increases for every dollar in additional spending cuts as he seeks to put his imprint on the ongoing talks over reducing the government’s staggering debt burden. In a plan his advisors described as his ideological vision, rather than a compromise offer to the GOP, Mr. Obama will also threaten to veto any plan Congress sends him that tackles entitlements but doesn’t include tax increases, which he will argue is central to a “balanced” approach. “The president will make clear he’s not going...
  • Obama to propose 'Buffett Tax' on millionaires [ But Buffet only pays 17% .. er when he pays ]

    09/18/2011 11:29:59 AM PDT · by NoLibZone · 18 replies
    ABC news AU ^ | Sept 18 2011 | ABC news
    US president Barack Obama, in a populist step designed to appeal to voters, will propose a 'Buffett Tax' on people making more than $1 million a year as part of his deficit recommendations to Congress on Monday. Such a proposal, among suggestions to a congressional super committee expected to seek up to $US3 trillion in deficit savings over 10 years, would appeal to his Democratic base ahead of the 2012 election, but may not raise much in revenues. White House communications director Dan Pfeiffer said in a tweet on Saturday the tax would act as "a kind of [Alternative Minimum...
  • Obama: Americans must pay fair share to cut deficit [ When will Obama or Buffet pay theirs ]

    09/17/2011 6:25:24 PM PDT · by NoLibZone · 61 replies
    reuters ^ | Sept 17 2011 | Reuters
    WASHINGTON, Sept 17 (Reuters) - President Barack Obama said on Saturday that Americans need to be ready to "pay their fair share" to narrow the U.S. deficit, previewing his proposals to Congress that are expected to include more taxes on the rich. In his weekly radio and video address, the Democrat said his $447 billion jobs plan that features tax breaks for workers and small businesses, plus funds for public works projects and schools, "will not add to the deficit. It will be paid for." "On Monday, I'll lay out my plan for how we'll do that -- how we'll...
  • Obama IRS Goon Squad to Knock on Your Door?

    02/17/2011 3:23:28 PM PST · by usalady · 16 replies
    Examiner ^ | FEbruary 17, 2011 | Martha
    It was Rep. Todd Akin (R-Mo.) that talked about what he said was a “goon squad of 5,000 IRS agents tromping around the country….”
  • Obama Proposes Soldiers Pay Own Medical

    03/18/2009 8:49:51 AM PDT · by truthnomatterwhat · 43 replies · 2,122+ views
    The Voice magazine ^ | March 18, 2009 | Craig Roberts
    The leader of the nation's largest veterans organization says he is "deeply disappointed and concerned" after a meeting with President Obama today to discuss a proposal to force private insurance companies to pay for the treatment of military veterans who have suffered service-connected disabilities and injuries. The Obama administration recently revealed a plan to require private insurance carriers to reimburse the Department of Veterans Affairs (VA) in such cases. "It became apparent during our discussion today that the President intends to move forward with this unreasonable plan," said Commander David K. Rehbein of The American Legion. "He says he is...
  • The Obama Tax and Spend Economy is Here

    03/02/2009 5:00:13 PM PST · by Delacon · 9 replies · 723+ views
    Yesterday,  just days after President Barack Obama signed his economic stimulus measure, the White House released a statement claiming credit for the reopening of a window and door factory in Chicago. Vice President Joe Biden said, “The reopening of this factory and the rehiring of these workers provide an excellent example of how the money in the Recovery Act is targeted to spur job creation quickly.” If the Obama Administration is going to claim credit for every job created since  Obama and Biden were elected, then if they are honest, they should also take the blame for every job lost....
  • Pelosi: I am going to raise your taxes

    01/18/2009 7:50:32 AM PST · by clyde_m · 20 replies · 847+ views
    Patriot Room ^ | January 18, 2009 | Clyde Middleton
    Subtitled: Understanding the revenue impact of Bush's tax cuts. Obama first foreign-policy crisis looks like it is going to be the foreign nature of having people with power equal to his telling how it is going to be. This town appears to be big enough for two queens: "House Speaker Nancy Pelosi wants Congress to consider repealing President George W. Bush's tax cuts well before they expire in 2010, in contrast to what President-elect Barack Obama is proposing. / In an interview aired Sunday, Pelosi said, "I don't want them to wait two years to expire because they have to...
  • THIS WILL CHANGE YOUR RETIREMENT

    11/02/2008 7:39:32 PM PST · by speedracerx · 16 replies · 1,364+ views
    Wachovia Securities, LLC | Unknown | Robert D. Jenkins
    THIS WILL CHANGE YOUR RETIREMENT For those among you who have more money than you will ever need, save your time and delete this email. For the rest of us who are still working with mortgages, children and grandchildren or retired living on a pension and or Social Security perhaps you will take a couple of minutes to read the proposed changes in the American tax system. Sharing this email with others can make a difference on November 4, 2008; for our citizens and our country. INTERESTING DATA JUST RECEIVED ON TAXES This is something you should be aware of...
  • Obama’s Taxes: A $2 Trillion Trip Back to the 70s

    06/28/2008 6:36:41 AM PDT · by george76 · 25 replies · 185+ views
    Pajamas Media ^ | June 27, 2008 | Tom Blumer
    With President Obama in office, the days of governments extracting a top marginal rate of 60% will return. Could bell bottoms be far behind? Remember how the press made George Bush’s tax rate cuts look so “huge” in 2001 and 2003? A March 10, 2001, New York Times article by reporters Frank Bruni and Richard W. Stevenson typified the approach. The trick was to talk about the (scary) $1.6 trillion impact of the “cuts” while minimizing attention to their time frame. At the linked article, the reporters waited until the ninth paragraph to tell us that it was a “$1.6...
  • First Hard Numbers on Obama Tax Plan Show Dramatic Tax Redistribution

    06/28/2008 4:00:50 PM PDT · by FocusNexus · 26 replies · 188+ views
    Hawaii Reporter ^ | June 27, 2008 | The Tax Foundation
    Senator Obama's tax plan is a dramatic redistribution of the nation's tax burden, according to a new Tax Foundation analysis. In Tax Foundation Fiscal Fact, No. 132, Tax Foundation president Scott Hodge uses revenue estimates from the Tax Policy Center to show that Obama's plan would greatly accelerate the decades-long trend toward a federal government that depends for tax revenue almost exclusively on a few high-income people. Hodge acknowledges that some Americans may cheer this dramatic dependence on the highest earners, but he says the shift should be part of a larger national discussion asking questions such as: What is...