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Keyword: tax

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  • (Democrat Governor) Wolf wants Pennsylvania income, sales tax increase

    03/03/2015 1:07:25 AM PST · by prisoner6 · 1 replies
    Pittsburgh Post-Gazette ^ | March 3, 2015 | Karen Langley
    Gov. Tom Wolf is expected to call today for the Republican-controlled General Assembly to send him a budget that boosts state education funding and provides relief for school district property taxes while raising the rates of the sales and personal income taxes. His plan for doing so includes a proposal to raise the personal income tax rate in July 2015 from 3.07 percent to 3.7 percent, while increasing the eligibility for a poverty exemption, according to a briefing document prepared by the administration. He will propose increasing the state sales tax in July 2016 from 6 to 6.6 percent while...
  • Lawmakers may end tax break on jet fuel, to Delta’s dismay

    03/02/2015 5:26:46 AM PST · by thackney · 7 replies
    Fuel Fix ^ | March 1, 2015 | Associated Press
    Georgia lawmakers may eliminate a tax break for all airlines buying jet fuel at the world’s busiest airport. A bill filed in the House would cut the exemption at Atlanta’s Hartsfield Jackson Airport. Supportive lawmakers say it would help the state get federal money for aviation improvements throughout the state. They also argue the credit shouldn’t be kept in place forever....
  • White House looking to creep into 401(k)s

    03/01/2015 7:22:49 AM PST · by Enlightened1 · 37 replies
    NY Post ^ | 2/28/15 | Jonathon M. Trugman February 28, 2015 | 11:21pm
    Under the false pretense of calling for new and tougher so-called fiduciary standards for financial brokers, advisers and retirement plan representatives, the White House once again horned in on Wall Street’s compensation formulas. However, what the president surely knows is that a vast majority of retirement plans — IRAs and 401(k)s — are in simple fee-based products like mutual funds. The commission-based accounts are for those who prefer to direct their brokers in certain purchases inside some of their retirement products. The key to the White House’s interference is in its nuanced language. Currently, a broker may make a recommendation...
  • Jihadist snouts still in public trough ( Australia )

    02/28/2015 7:58:55 AM PST · by george76 · 6 replies
    News au ^ | February 23, 2015
    NOT a single welfare payment has been cancelled for terrorist recruits leaving Australia for the Middle East, or those merely deemed a national security threat, since new laws were enacted last October to crack down on the so-called welfare warriors. The Daily Telegraph revealed at the weekend that 96 per cent of the junior ­jihadis who snuck out of the country before last September had been on some form of welfare payment, prompting the introduction of new laws to stop it. ... Subsequent inquiries, however, have revealed that the new laws have yet to be used, despite some 40 more...
  • Texas Legislature Gets Down to Business

    02/27/2015 5:59:12 AM PST · by thackney · 3 replies
    Texas Alliance of Energy Producers via Rig Zone ^ | February 26, 2015 | Alex Mills
    Before the Texas Legislature got down to business a month ago, there was a strong feeling among insiders that the big issues would be water, transportation, and taxes. So far, the leadership has kept true to those projections. Already, Governor Abbott has called for a $2.2 billion reduction in property taxes and a $2 billion franchise tax decrease. Lt. Governor Dan Patrick and House Speaker Joe Straus also have stated their belief that a primary goal should be tax reduction, and funding for transportation. The House Energy and Natural Resources committees already have held a joint hearing on water and...
  • Obama administration sent 800,000 people the wrong Obamacare subsidy information--and 50,000 will...

    02/21/2015 12:37:19 AM PST · by Zakeet · 19 replies
    (UK) Daily Mail ^ | February 20, 2015 | David Martosko
    Complete Headline: Obama administration sent 800,000 people the wrong Obamacare subsidy information – and 50,000 will need to file their 2014 taxes a SECOND time The Obama administration said on Friday that the Internal Revenue Service sent incorrect tax information to about 800,000 Americans who enrolled in new medical insurance plans through Healthcare.gov. The Centers for Medicare and Medicaid Services, the Health and Human Services subagency that handles Obamacare, sent them forms that contained an error which would cause them to miscalculate the government subsidy for their insurance policies. That, the administration admitted, would change the amount of their tax...
  • Obama Admin. Announces Major Healthcare.Gov Tax Glitch

    02/20/2015 8:03:19 AM PST · by sheikdetailfeather · 25 replies
    The Blaze ^ | 2/20/15 | Fred Lucas
    Obamacare customers are being asked to wait to file their taxes this year because of yet another problem with the online system. The Obama administration acknowledge Friday that about 800,000 users of healthcare.gov were sent incorrect tax information, the Associated Press reported.
  • FREEP THIS PETITION: Say 'NO!' to the FCC Internet Takeover

    02/17/2015 7:50:20 AM PST · by Yosemitest · 23 replies
    On February 4, Federal Communications Commission Chairman Tom Wheeler proposed that the federal government reclassify the Internet from an ‘information service’ to a ‘telecommunications service’ in the name of keeping it 'fair' --a plan that came straight from Barack Obama's desk.Of course, this is nothing more than a pass for Big Government to expand its regulatory power at the expense of digital freedom. Like all innovation, the Internet wasn’t created by government… and government certainly has no power to control it. Nowhere in the Constitution is there a provision providing the federal government with power to regulate the free-flow...
  • FCC, FEC look to ruin the Internet

    02/16/2015 11:17:32 AM PST · by Enlightened1 · 14 replies
    The Washington Times ^ | 2/16/15 | Tammy Bruce
    The left lifts its boot toward the free flow of information We knew this was coming. Within the last couple of weeks, both the Federal Communications Commission and the Federal Election Commission declared their intention to regulate the Internet. Fascists always explain their actions as efforts to either make something more efficient, “fair,” or to supposedly “protect” their target. Sometimes they simply lie, like saying they’re nationalizing health insurance to make it more affordable and to increase access to health care. Now, with the feds’ latest effort, their new slogan might as well be, “If you like your Internet, you...
  • FEC latest front in Democrats’ multi-pronged assault on internet freedom

    02/11/2015 10:07:18 AM PST · by Jim Robinson · 17 replies
    hotair.com ^ | February 10, 2015 | by Noah Rothman
    The internet is under assault. At the Federal Communications Commission, regulators are hard at work crafting a plan that would turn the internet into a taxable utility. In Congress, lawmakers are determining whether and how best to tax the sales that occur on the internet. And over at the Federal Election Commission, the regulation of political speech that takes place on the internet is back on the table. In October, then FEC Vice Chairwoman Ann M. Ravel promised that she would renew a push to regulate online political speech following a deadlocked commission vote that would have subjected political videos...
  • Health Insurance Deadline Approaches, Penalties Will Double

    02/08/2015 8:13:18 AM PST · by george76 · 16 replies
    KOAA 5 ^ | Feb 07, 2015 | Maddie Garrett
    The penalty for not having health insurance this year is more than doubling. Coloradans have until February 15 ,2015, to shop for plans through the Connect for Health Colorado market place. Under the Affordable Care Act individuals are required to either have health insurance or pay a penalty at tax time. That penalty is either a flat rate or two percent of family income. This year, that rate is $325 per adult, $162 per child and up to $975 per family. Compared to last year the fine for an adult was only $95 and up to $285 per family.
  • Revocation of Islamic organizations tax exempt status

    02/07/2015 11:33:55 AM PST · by Steve Newton · 158 replies
    Self ^ | 2015 | Steve Newton
    Ok. This is the final version of an Act to remove the tax exempt status from all Islamic organizations. Let's FReep this petition.
  • Enjoy Low Gas Prices While You Can…Because New Taxes in These States Might Wipe Out Your Savings

    02/06/2015 9:25:58 AM PST · by ThethoughtsofGreg · 27 replies
    IJ Review ^ | 1-31-15 | Kevin Boyd
    American drivers have been enjoying low gas prices lately. According to AAA, the national average price of gas per gallon is $2.03 for regular, compared to $3.29 this time last year. Also happy with low gas prices are state governments, but mainly for different reasons: politicians in certain states see low gas prices as an opportunity to raise the gas tax. Here’s a map of the states currently considering an increase in gas tax:
  • Shovel Ready & The Constitution

    02/04/2015 5:44:05 AM PST · by Kaslin · 4 replies
    Townhall.com ^ | February 3, 2015 | Hank Adler
    The President is a whirlwind of tax ideas these days. Last week, he proposed to punish individuals who were trying to save money for college by taxing the profits in Section 529 plans that were designed to encourage individuals to save for college. Last week, he also proposed to tax capital gains on death to go along with the current 40 percent tax rate on taxable estates. This change would subject hundreds of thousands of small business owners and savers currently exempt from estate taxes to a 28 percent tax on the increase in value of their assets over their...
  • Revocation of Islamic organizations tax exempt status

    02/03/2015 4:56:29 PM PST · by Steve Newton · 24 replies
    Self ^ | 2014 | Steve Newton
    To revoke the tax exempt status of all Islamic organizations in the United States. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
  • Independent analysis finds Obama´s ´middle-class´ tax cuts won´t help three-quarters of

    02/02/2015 5:15:04 PM PST · by Nachum · 19 replies
    Associated Press ^ | 2/2/2015 | Staff
    President Barack Obama calls his tax and spending plan ´middle-class economics,´ but most middle-income families would see little change in their tax bills. Obama is proposing a total of $1.5 trillion in new taxes over the next decade, mostly on corporations and high-income households. He would use much of that money--nearly $280 billion--to pay for targeted tax breaks for low- and middle-income families. Obama´s proposed tax cuts would benefit households with two wage earners, families with young children in child care and those with older children in college. One proposal would automatically enroll workers in individual retirement accounts, unless they
  • Obama budget proposes retirement savings cap

    02/02/2015 10:45:29 AM PST · by abb · 63 replies
    Benefits Pro ^ | February 2, 2015 | Nick Thornton
    With the release of its 2016 spending blueprint Monday, the Obama White House officially signaled its intent to use retirement policy to raise taxes on the wealthiest Americans. The proposed 10-year budget, which allots $4 trillion in spending for fiscal year 2016, will attempt to cap tax-deferred saving in 401(k) and Individual Retirement Accounts at about $3.4 million. That amount of savings generates more than $200,000 of income annually in retirement when annuitized, an income stream that should be sufficient for most, according to the Obama administration’s rationale behind the proposal. The vast majority of Americans would never feel the...
  • APNewsBreak: Obama ties foreign profits tax to public works

    02/01/2015 12:20:37 PM PST · by Olog-hai · 34 replies
    Associated Press ^ | Feb 1, 2015 11:18 AM EST | Jim Kuhnhenn and Andrew Taylor
    President Barack Obama’s budget will propose an ambitious six-year, $478 billion public works program of highway, bridge and transit upgrades, half of it financed with a one-time mandatory tax on profits that U.S. companies have amassed overseas, White House officials said. The proposal, one of the main components of the $4 trillion spending plan for the 2016 budget year that Obama will send to Congress on Monday, attempts to tap into bipartisan support for spending on badly needed infrastructure repairs and construction. The tax on accumulated foreign profits would be set at 14 percent and due immediately. Under current law,...
  • Obama’s Policy Proposals are the Opposite of “Tax Reform”

    01/29/2015 4:29:42 PM PST · by Sean_Anthony · 1 replies
    Canada Free Press ^ | 01/29/15 | Alan Joel
    Obama’s version of “tax reform” is unrealistic and firmly rooted in his vision of middle class economics, wealth redistribution Obama has consistently talked about how he is for “tax reform” all during his presidency. But clearly, he has no idea what that even means. True tax reform is a mechanism that produces a cleaner and clearer tax code. A great example of this was the 1986 IRC reform, where Reagan set the highest rate at 28% in exchange for eliminating massive amounts of tax shelters and gimmicks. Obama’s cluelessness on the topic was evident during the State of the Union,...
  • Obama’s Proposed Capital Gains Rate Hikes Will Hurt the Economy

    01/28/2015 3:30:42 PM PST · by Sean_Anthony · 8 replies
    Canada Free Press ^ | 01/28/15 | Alan Joel
    Raising the capital gains rate will put a stranglehold on risk taking and available capital President Obama just told the country during his State of the Union address that he is going to increase the capital gains rate again in order to raise revenue for new spending programs. Given that Obama already knows that raising the capital gains rate actually REDUCES revenue, we are left with a President who believes that we can pay for increased spending by reducing revenue. He acknowledged this in 2008 during a televised debate against Hillary Clinton, but went on to state that rates should...
  • Obama caves on taxing 529 college savings plans

    01/28/2015 6:32:01 AM PST · by SeekAndFind · 16 replies
    Hotair ^ | 01/28/2015 | Jazz Shaw
    Here’s a refreshing change of pace for you. Normally when we have to talk about politicians caving in on a position they’ve staked out, it winds up being the Republicans. This week, however, the collapse took place in the White House. Barack Obama had been pushing for what amounted to another tax increase by eliminating the 529 college savings program whereby parents could set aside pretax money for their kids’ education and not pay taxes on it upon withdrawal provided the money was used to pay for tuition. But in the face of bipartisan opposition and negative feedback from...
  • Obama's Tax Reform Flip-flop

    01/28/2015 4:15:16 AM PST · by Kaslin · 6 replies
    Townhall.com ^ | January 27, 2015 | Daniel Doherty
    First, the basics of the presidentÂ’s new tax proposal: Obama presented his 529 tax plan during his last State of the Union address. The plan consists of raising $1 billion over 10 years by taxing capital gains realized in withdrawals from 529 savings accounts. According to surveys cited by the White House, 70 percent of 529 account assets are held by families earning over $200,000 per year. But what exactly are 529 savings accounts -- and who usually invests in them? Glenn Reynolds explains: Though millions of Americans have been putting money into "tax free" 529 plans to save for...
  • Falling Gas Tax Revenue Has California Lawmakers Considering Mileage Tax Plan

    01/26/2015 10:47:33 AM PST · by C19fan · 64 replies
    CBS SF Bay Area ^ | January 25, 2015 | Staff
    With an increase in electric and hybrid vehicles along with better fuel-efficient vehicles, changing Bay Area drivers habit are posing a serious problem for state coffers. As motorists use less and less gas, gas tax revenues to pay for state highways, roads and bridges shrink. Meanwhile, as gas prices fall, so does the sales tax generated by fuel sales. In California, among the taxes collected on fuel is a 2.25% sales tax on gasoline and a 9.67 percent tax on diesel.
  • Federal gas tax increase needed for roads, bridges and highways

    01/25/2015 11:12:00 PM PST · by Tolerance Sucks Rocks · 50 replies
    The Contra Costa Times ^ | January 24, 2015 | Contra Costa Times
    The president was a conservative's conservative. He had campaigned on reducing taxes and made it his legacy. But when a gas tax increase was proposed, it was a different story. In his weekly radio address, he said, "We simply cannot allow this magnificent (highway) system to deteriorate beyond repair." That was 1982. The president was Ronald Reagan. Unfortunately, the disrepair Reagan feared has come to pass. The federal gas tax of 18.4 cents hasn't been raised since 1993, and the Highway Trust Fund is severely underfunded. A 10- to 15-cent a gallon increase would provide enough money to meet the...
  • Obamacare to make filing income taxes a nightmare for many low-income taxpayers this year

    01/20/2015 7:29:29 AM PST · by servo1969 · 42 replies
    americanthinker.com ^ | 1-20-2015 | Thomas Lifson
    There are gong to be many millions of newly befuddled, fearful, and angry taxpayers this April, hit with the consequences of Obamacare’s social engineering when they try to file their taxes in April. Many will suffer unexpected financial penalties and costs, especially those accustomed to filing under the simplified tax forms applying to straight salaried people with standard deductions. H&R Block is warning that “[n]o one can understand” the New Obamacare tax code requirements for filing this year. In fact, millions of people accustomed to filing the postcard-sized 1040EZ form will now have to file extremely complicated and detailed forms,...
  • Obama Wants The Death Tax Increased to 60 Percent, More Taxes on College Savings

    01/19/2015 12:21:35 PM PST · by Nachum · 71 replies
    townhall.com ^ | 1/19/15 | Katie Pavlich
    As the old saying goes, there are two things that are certain in life, death and taxes. Tomorrow night during his 2015 State of the Union speech, President Obama will announce that people paying taxes their entire lives just isn't good enough. The President wants the current 40 percent death tax rate increased to 60 percent. Americans for Tax Reform breaks down the details: 2. Stealth increase in the death tax rate from 40% to nearly 60%. Under current law, when you inherit an asset your basis in the asset is the higher of the fair market value at the...
  • Obamacare penalty may come as shock at tax time

    01/18/2015 7:12:51 PM PST · by george76 · 57 replies
    Washington Times ^ | January 18, 2015 | Tom Howell Jr.
    Those Americans who didn’t get health insurance last year could be in for a rude awakening when the IRS asks them to fork over their Obamacare penalty — and it could be a lot more than the $95 many of them may be expecting. The Affordable Care Act requires those who didn’t have insurance last year and didn’t qualify for one of the exemptions to pay a tax penalty, which was widely cited as $95 the first year. But the $95 is actually a minimum, and middle- and upper-income families will actually end up paying 1 percent of their household...
  • Senator Cruz on tax reform: Abolish the IRS

    01/18/2015 5:23:37 PM PST · by JOHN W K · 50 replies
    1/18/2015 | johnwk
     SEE: Cruz: Abolish the IRS January 13th , 2015 ”Republican Sen. Ted Cruz said Monday that Republicans should take advantage of their control of Congress to abolish the Internal Revenue Service. “We need to pass fundamental tax reform making our tax code simpler, flatter, fairer,” he said Monday at Heritage Action’s 2015 conservative policy summit. ”And I’ll tell you, the single most important tax reform, we should abolish the IRS.” What is discouraging is, the above article goes on to say that Senator Ted Cruz ”… acknowledged it’s not really possible to abolish the IRS or adopt a flat tax...
  • Conservatives Just Don’t Get It on Taxes

    01/16/2015 3:09:33 PM PST · by Ray76 · 17 replies
    Future of Freedom Foundation ^ | Jan 8, 2015 | Laurence M. Vance
    Now that the Republicans have regained the control of the Senate that they lost in the 2006 midterm election, conservatives are salivating about the prospect of “real” or “genuine” tax reform. Revenue-neutral tax reform is based on the suppositions that there is such a thing as a fair, just, or correct amount of taxation and that government revenue should not be decreased. The opposite, of course, is the case. Revenue-neutral tax reform masks the real problem — government spending. It shifts the debate from the amount of wealth the federal government confiscates from American taxpayers to the manner in which...
  • Bait & Switch: "Economic Development" in the States

    01/16/2015 3:02:40 PM PST · by Ray76
    Mises Daily ^ | Jan 15, 2015 | Jeff Scribner
    North Carolina recently offered Boeing $683 million in tax incentives to open a plant in North Carolina to build Boeing’s new 777X jetliner. The NC bid failed, as did those from some other states, when Boeing decided to build the 777X in its home state of Washington where there is no state, personal, or corporate income tax.
  • Sen. John Thune to push Chamber of Commerce’s tax reform

    01/16/2015 12:06:51 PM PST · by JOHN W K · 14 replies
    1/16/15 | johnwk
    SEE: GOP targets budget process for tax reform 1/13/15 ”The quiet push, led by South Dakota Sen. John Thune, seeks to use the potent tool known as budget reconciliation to give both the GOP and President Barack Obama the sweeping victory on tax policy that business groups want, which could include a significant cut in corporate tax rates as well as provide funding for a long-term transportation bill.” This is what happens when Republican voters elect Washington Establishment candidates to office. They use their power to manipulate a corruptible system of taxation to meet the Chamber of Commerce’s demands rather...
  • Congress Should Pump the Brakes on Gas Tax Hike

    01/16/2015 8:40:50 AM PST · by Kaslin · 6 replies
    Townhall.com ^ | January 16, 2015 | Eric Peterson
    While few Americans were fortunate enough to see a holiday bonus this year, there is one gift that American motorists have been enjoying of late; lower gas prices. Currently sitting at more than a dollar below the average price last year, U.S. drivers are projected to save somewhere between $380 and $750 dollars during 2015 if the prices hold. While wages have remained stubbornly flat for most workers, gas prices have provided a rare glimmer of hope for American workers, who have been struggling with an anemic job market, labor participation rates not seen since the 1970s, and median family...
  • Paul Ryan: Read my lips, no new gas taxes

    01/16/2015 7:05:00 AM PST · by SeekAndFind · 20 replies
    Hotair ^ | 01/16/2015 | Noah Rothman
    House Ways and Means Committee Chairman Rep. Paul Ryan (R-WI) promised reporters this week that his committee would not pass any new taxes – oh, sorry, “user fees” – on gasoline. Speaking to reporters at the GOP retreat in Hershey, Pennsylvania on Thursday, Ryan flatly asserted that his committee “won’t pass a gas tax.” He even had the gall to call it a “tax,” which is perhaps the best indication of his sincerity. The former Republican vice presidential nominee recently ruled out a 2016 White House bid and will instead pursue broad tax code reform as the chairman of...
  • Republicans weren't elected to raise the gas tax

    01/16/2015 4:36:57 AM PST · by HomerBohn · 15 replies
    Washington Examiner ^ | 1/12/2015 | Staff
    Politicians and pundits have spent a great deal of time trying to find the precise meaning of the results of the 2014 election. No one disputes that it was a great day for Republicans, but there are still many valid and varying interpretations. But whether the election was a true mandate for the GOP or simply a repudiation of President Obama, voters most certainly did not hand Republicans the U.S. Senate and elect them to a historic House majority so that they could raise federal gasoline taxes. This should really go without saying, but some Republicans are already discussing this...
  • Senate DFLers put transportation funding plan on table

    01/13/2015 5:14:03 AM PST · by TurboZamboni · 6 replies
    Pioneer Press | 1-12-15 | David Montgomery
    The Democratic-Farmer-Labor Party will present a unified front this year in favor of a transportation funding package, including about $1 billion of increased taxes and fees. Legislative DFL leaders unveiled a proposal Monday that dovetails closely with Gov. Mark Dayton's plan, along with that of advocacy group Move MN: almost $600 million per year in new gasoline taxes, plus $125 million in vehicle registration fees and hundreds of millions of dollars more for metro-area mass transit. The plan forestalls the possibility of a three-way fight among Dayton, the DFL majority in the Senate and House Republicans -- who oppose any...
  • Gas tax narrative builds as lobbyists lick their chops

    01/12/2015 4:18:37 PM PST · by ash-housewares · 43 replies
    NBC ^ | 1/12/2015 | Javier E. David
    Gas prices are plunging across the country, a product of surging U.S. energy production that has put the country in the same company as Saudi Arabia and Russia. However, in a strange twist of fate, that same dynamic is bringing to the fore a topic once thought to be anathema, especially in a Republican-dominated Congress: higher gas taxes. The drop in fuel prices has occurred for a record 102 consecutive days, according to the AAA, putting more than $14 billion of disposable income in consumers' pockets. However, the federal gas tax has been lodged at 18.4 cents for more than...
  • Democrats unveil “new” strategy to tax the wealthy

    01/12/2015 7:55:33 AM PST · by SeekAndFind · 27 replies
    Hotair ^ | 01/12/2015 | Jazz Shaw
    If you thought the Democrats – recently chased into the minority – were going to sit by quietly while the GOP put all the proposals on the table, think again. Their agenda to fix America (at least in terms understood by your dog and your veterinarian) will still be on the table. The rallying cry of income inequality isn’t going anywhere, and Chris Van Hollen (D-Maryland) is ready to lay out the next plan in what the Washington Post laughably calls a “stark shift in messaging” for 2015.Okay, boys… let’s see what you’ve got. Senior Democrats, dissatisfied with the...
  • Washington’s gas tax guzzlers "maybe motorists won’t notice that we’re gouging them"

    01/12/2015 6:12:00 AM PST · by bestintxas · 35 replies
    wash times ^ | 1/11/15 | s moore
    Suddenly everyone in Washington wants a gas tax hike — apparently so that consumers don’t save too much money at the pump. As prices keep falling, the politicians and the moochers in Washington want a piece of the action. Rep. Nancy Pelosi of California, Sen. Richard Durbin of Illinois and even Republicans such as Sen. Bob Corker of Tennessee have linked arms with the entire road-building industry and green groups that want the cost of fuel to go up.Mrs. Pelosi won’t even hide her cynical motivation: With gas prices low, maybe motorists won’t notice that we’re gouging them: “If there’s...
  • Dayton Slams "La-La Land" GOP Transportation Plan

    01/10/2015 6:31:32 AM PST · by Extremely Extreme Extremist · 10 replies
    KSTP.COM ^ | 09 JANUARY 2015 | KSTP.COM
    Governor Dayton wants to build billions of dollars worth of roads and bridges during the next 10 years, but he's not doing much bridge-building with House Republicans. At a news conference, he slammed their $750 million transportation plan that doesn't call for any new taxes. "The panel of experts I convened said there's a $6 billion shortfall over the next 10 years and their response yesterday was $200 million from the general fund and $550 million from la-la land," Dayton told reporters at a news conference Friday morning. Dayton also accused Republicans of not even wanting to solve the problem.
  • Charles Krauthhammer: The Case for a Revenue-Neutral Gas Tax (. . . and a Social Security-tax cut)

    01/09/2015 8:10:11 AM PST · by SeekAndFind · 46 replies
    National Review ^ | 01/09/2015 | Charles Krauthhammer
    For 32 years I’ve been advocating a major tax on petroleum. I’ve got as much chance this time around as did Don Quixote with windmills. But I shall tilt my lance once more. The only time you can even think of proposing a gas-tax increase is when oil prices are at rock bottom. When I last suggested the idea six years ago, oil was selling at $40 a barrel. It eventually rose back to $110. It’s now around $48. Correspondingly, the price at the pump has fallen in the last three months by more than a dollar to about $2.20...
  • Momentum builds in Congress for raising the federal gas tax - "in thoughtful way"

    01/09/2015 4:13:04 AM PST · by Cincinatus' Wife · 38 replies
    The Hill ^ | January 9, 2015 | Laura Barron-Lopez and Keith Laing
    Record-low gas prices across the U.S. have given rise to fresh talk in Washington of raising the federal gas tax for the first time in over 20 years, with leading Republicans now saying a hike must not be ruled out. The GOP has long resisted calls from business leaders and others to boost the 18.4 cent-per-gallon tax as a way pay for upgrades to the nationÂ’s crumbling roads and bridges. Yet in recent days, senior Senate Republicans have said they want to keep options open and that "nothing is off the table" when weighing the best mechanisms to pay to...
  • What Happens When Progressives Tax (and Spend)

    01/08/2015 3:42:06 PM PST · by Sean_Anthony · 2 replies
    Canada Free Press ^ | 01/08/15 | Dr. Robert Owens
    To solve the problem of greedy people making more than others, envious people created a system to take what the greedy had earned. As Rush Limbaugh so rightly pointed out, “No nation has ever taxed itself into prosperity.” So many people have accepted the argument that progressive taxation is just, necessary, and fair, so I know this article will offend many. Hopefully it will also make a few people reconsider their acceptance of policy. Many who are vehemently opposed to socialism, collectivism, and all the other trappings of the centralized corporate state believe that any injustice that might result from...
  • Medtronic Seals Deal with Covidien

    01/07/2015 4:00:24 PM PST · by TurboZamboni · 5 replies
    Pioneer Press ^ | 1-7-15 | David Fondler and Tom Webb
    Storied Minnesota medical-device company Medtronic will move its headquarters to Ireland after shareholders approved a merger Tuesday with Dublin-based health care supplier Covidien. The controversial $43 billion "inversion" deal will allow the new company, to be called Medtronic PLC, to reduce its corporate tax liability as it repatriates cash stored overseas. But the deal has irked longtime Twin Cities shareholders, who will face significant capital gains taxes on their Medtronic holdings. In preliminary vote totals, shareholders representing about 75 percent of Medtronic's outstanding shares approved the deal, general counsel Brad Lerman announced to a special shareholder meeting in Minneapolis. And...
  • Wisconsin Is Latest State To Consider Fees On Electric, Hybrid Vehicles

    01/05/2015 3:33:46 PM PST · by Theoria · 10 replies
    Here and Now ^ | 05 Jan 2015 | Susan Bence
    Chris and Ellie Eichman’s electric car gleams — even on this overcast day — in the backyard of the modest home they share with their nine-month old daughter. They did tons of research before deciding to purchase a Nissan Leaf in 2012. It was the first sold in Wisconsin. And it’s just one of the Eichman’s “sustainable” investments: 12 solar panels span the garage roof; their second car is a Prius. If Wisconsin’s governor and legislature give the transportation budget a thumbs up, the Eichmans would pay an annual transportation fee — $50 for the Prius, another $50 for the...
  • John Thune Puts Gas Tax Hike on the Table for GOP Senate(yep,GOP that is really important right now)

    01/05/2015 5:35:44 AM PST · by bestintxas · 28 replies
    breitbart ^ | 1/4/15 | d riehl
    The incoming chairman of the Senate Commerce, Science and Transportation Committee, Sen. John Thune (R-SD) put all options on the table when it comes to replenishing the shrinking Highway Trust Fund, which is widely seen as opening the door to a tax increase. Per an AP report, “Gas and diesel taxes haven’t risen since 1993, resulting in perennial shortfalls in the fund that pays for most road projects”. Several commissions have called for raising the taxes, but Congress has been reluctant. Instead lawmakers have dipped repeatedly into the general treasury to keep the trust fund solvent. The federal gas tax...
  • NC gas tax increase among the highest in the nation

    01/02/2015 6:12:26 AM PST · by thackney · 56 replies
    wsoctv.com ^ | Jan. 2, 2015 | Eric Philips
    Despite tumbling gas prices, North Carolina's tax on gasoline went up starting Thursday. State leaders still said there won't be enough money in the coffers to cover the transportation projects statewide. Fabian Escoto fills up his tank about once a week and word that the gas tax is increasing didn’t rattle him too much. “As long as it's not too much, I don't think it's going to affect a whole lot of people,” Escoto said. North Carolina's tax on a gallon of gas increased by a penny to 37.5 cents – the highest gas tax in the South and one...
  • The cheap oil dividend (BARF)

    01/01/2015 8:10:51 PM PST · by Tolerance Sucks Rocks · 17 replies
    The Baltimore Sun ^ | December 31, 2014 | Baltimore Sun
    hether one observed Christmas or Hanukkah — or any other seasonal festivity — there was a nice little gift included for the drivers of this nation. Gasoline prices, in case anyone hasn't noticed, are down, way down. The average price of a gallon of unleaded in Maryland by Christmas week was in the neighborhood of $2.53, according to AAA, and there were some stations in the Baltimore area selling it for as little as $2.22. lRelated The cheap oil dividend One year ago, average gasoline prices were about $1 per gallon higher, which means a typical fill-up is saving drivers...
  • Hidden Gas Tax Starts Today

    01/01/2015 12:41:59 PM PST · by cakid1 · 16 replies
    CBS47 News ^ | 01/01/15 | CAKID1
    California's Hidden Gas Tax Starts today. Here is a complete overview of the Cap and Trade program in California - and where the money is REALLY going.
  • The Carbon Tax Has Something for Everyone It would help the economy and reduce pollution.

    12/31/2014 8:47:41 AM PST · by bestintxas · 32 replies
    nas review ^ | 12/29/14 | Irwin Stelzer
    ‘There is a tide in the affairs of men which, taken at the flood, leads on to fortune; Omitted, all the voyage of their life is bound in shallows and in miseries.” The Bard was right, and it is not too much of an exaggeration to say that we have reached just such a point. We have a unique opportunity to end the rancorous debate about climate change, a debate that is poisoning the air — the political air, that is — and inhibiting progress on two fronts: progress on addressing the possibility that we are on the road to...
  • Mark Dayton wants to limit tax increases to transportation funding

    12/31/2014 7:06:21 AM PST · by TurboZamboni · 6 replies
    Pioneer Press ^ | 12-31-14 | David Montgomery
    Minnesota's highway needs can't be met without more tax revenue, Gov. Mark Dayton said Tuesday -- setting him up for a possible clash with the new Republican majority in the House. Dayton is finalizing his 2016-17 budget proposal, which aims to raise what he says is the $6 billion Minnesota's roads need over the next 10 years. The plan calls for a 6.5 percent wholesale surtax on gasoline -- separate from the existing 28.5 cents-per-gallon tax already levied. That means the tax would bring in more money when gas prices increase. "Our transportation systems are getting worse," Dayton said. "Anybody...