Keyword: taxandspend

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  • Hillary Clinton Wants Higher Estate Taxes, But Not on Her Family

    09/23/2016 6:50:05 AM PDT · by Rockitz · 26 replies
    Breitbart.com ^ | 23 Sep 2016 | Peter Schweizer
    Hillary Clinton wants to increase the estate tax to 65 percent on the wealthiest Americans, according to her latest tax plan. The Clinton campaign estimates that the increase would raise an addition $75 billion in revenue over the next decade. The current rate maxes out at 40 percent. But Hillary Clinton and her husband Bill have created a number of tax shelters in recent years to dramatically limit their payment of the very same tax. As Bloomberg reported back in 2014: “To reduce the tax pinch, the Clintons are using financial planning strategies befitting the top 1 percent of U.S....
  • Poll: Americans favor slightly higher bills to fight {global} warming

    09/14/2016 8:08:45 AM PDT · by PROCON · 49 replies
    AP ^ | Sep. 14, 2016 | SETH BORENSTEIN
    WASHINGTON (AP) — Most Americans are willing to pay a little more each month to fight global warming — but only a tiny bit, according to a new poll. Still, environmental policy experts hail that as a hopeful sign. Seventy-one percent want the federal government to do something about global warming, including 6 percent who think the government should act even though they are not sure that climate change is happening,..
  • The Sneaky Way Obama Is Hiking Death Taxes

    08/18/2016 5:46:05 AM PDT · by milton23 · 38 replies
    Daily Signal ^ | 8/17/16 | Curtis Dubay
    President Barack Obama isn’t afraid to enact his agenda over the will of Congress. At this late stage in his presidency, he’s still overreaching his authority to push through an agenda; his most recent overstep being an effort to unilaterally raise the federal estate tax. Conservatives have successfully lessened the impact of the estate tax, colloquially known as the “death tax,” in recent years. In 2000, before George W. Bush became president, the death tax had a rate of 55 percent and struck families with assets valued at $675,000 or more.
  • Who owns the wind? We do, Wyoming says, and it's taxing those who use it

    08/15/2016 10:32:33 AM PDT · by Lorianne · 77 replies
    Los Angeles Times ^ | 14 August 2016 | William Yardley
    ot long after it became clear that the robust winds that blow down from the Rocky Mountains and across the sea of sagebrush here could produce plenty of profit in a world that wants more renewable energy, some of the more expansive minds in the Wyoming Legislature began entertaining a lofty question: Who owns all of that wind? They concluded, quickly and conveniently, that Wyoming did. Then, with great efficiency for a conservative state not traditionally tilted toward burdening the energy industry, they did something no other state has done, before or since: They taxed it.
  • Hillary Clinton's Economic Plan: Tax-And-Spend With A Vengeance

    08/12/2016 4:37:12 AM PDT · by expat_panama · 25 replies
    Investors Business Daily ^ | August 11, 2016 | Editorial
    Election 2016: Hillary Clinton has big plans for the economy if she's elected president, as she made clear in her speech in economically troubled Warren, Mich., on Thursday. It's too bad that her big plans involve only big spending and big taxes, which will produce little if any economic growth. Clinton's speech was framed around four questions. Which candidate has a plan to create good jobs? Who will ensure the top pay their "fair share" of taxes? Who will go to bat for families? And who can deliver results? But her answer to every question was the same: more government...
  • In Illinois, the Blue-State Model Rolls toward Bankruptcy

    08/10/2016 5:30:28 PM PDT · by randita · 39 replies
    NationalReview ^ | 8/10/16 | George Will
    <p>Deficits and unfunded pension liabilities as far as the eye can see. Seated in his office here, wearing neither a necktie nor a frown, Republican governor Bruce Rauner is remarkably relaxed for someone at the epicenter of a crisis now in its second year and with no end in sight. But, then, stress is pointless when the situation is hopeless. Besides, if you can ignore the fact that self-government is failing in the nation’s fifth-most populous state, you can see real artistry in the self-dealing by the Democrats who, with veto-proof majorities in the state legislature, have reduced this state they control to insolvency.</p>
  • In Chicago, Rahm Emanuel finds a typically Democratic solution to his pension fund problems

    08/07/2016 4:44:23 PM PDT · by Kaslin · 43 replies
    Hot Air.com ^ | August 7, 2016 | JAZZ SHAW
    With all the trouble that Rahm Emanuel has been having in Chicago lately, specifically with unrest surrounding his police department and other scandals, it’s easy to forget that he’s dealing with another serious problem: his city is nearly bankrupt. As with so many other large, Democrat run municipalities, the chief culprit here is the massively underfunded pension system for municipal workers. Their unions negotiated some real sweetheart deals for them over the years, but the costs were completely unsustainable. When the city began to go broke, no real compromise was ever offered by the unions so Rahm is left to...
  • Crowd Cheers Clinton's Call To 'Raise Taxes On The Middle Class'

    08/03/2016 4:47:03 PM PDT · by Cheerio · 105 replies
    The Daily Wire ^ | August 3, 2016 | Robert Kraychik
    Hillary Clinton called for raising taxes on the “middle class” while campaigning on Monday in Omaha, NE. Joined by left-wing Democrat billionaire Warren Buffett, she received applause from those in attendance. “Because while Warren is standing up for a fairer tax code, Trump wants to cut taxes for the super-rich,” said Clinton. “Well, we’re not going there, my friends. I’m telling you, right now - we’re going to write fairer rules for the middle class and we are going to raise taxes on the middle class!”
  • Two-Thirds of Americans Support Free College Tuition

    08/01/2016 12:40:54 PM PDT · by 2ndDivisionVet · 105 replies
    NBC News ^ | August 1, 2016 | Martha C. White
    This might be an idea whose time has come: Nearly two-thirds of Americans are in favor of free college for everyone, and about three-quarters think at least some people should be eligible for free college, a new survey shows. As the labor market increasingly benefits the better educated, and as college education and earnings potential become more tightly linked, people are coming around to an idea that seemed radical until very recently. Vermont senator Bernie Sanders touted the idea as a central plank of his primary platform, and Democratic nominee Hillary Clinton recently announced her own version, which includes a...
  • Full List of Hillary’s Planned Tax Hikes

    07/28/2016 3:40:31 PM PDT · by bushwon · 29 replies
    Americans for Tax Reform - Hat Tip Drudge ^ | July 28, 2016 | John Karch
    Hillary Clinton has made clear she intends to dramatically raise taxes on the American people if elected. She has proposed an income tax increase, a business tax increase, a death tax increase, a capital gains tax increase, a tax on stock trading, and an Exit Tax, and more (see below). Her planned net tax increase on the American people is at least $1 trillion over ten years, based on her campaign’s own figures. Hillary has endorsed many tax increases on that would hit middle income Americans, despite her pledge not to raise taxes on any American making less than $250,000....
  • Full List of Hillary’s Planned Tax Hikes

    07/28/2016 5:04:59 PM PDT · by Hojczyk · 12 replies
    ATR ^ | July 28,2016 | Posted by John Kartch and Alexander Hendrie on Thursday,
    Income Tax Increase – $350 Billion: Clinton Business Tax Increase -- $275 Billion: Clinton has called for a tax hike of at least $275 billion through undefined business tax reform “Fairness” Tax Increase -- $400 Billion: According to her published plan, Clinton has called for a tax increase of “between $400 and $500 billion” by “restoring basic fairness to our tax code.” These proposals include a “fair share surcharge,” the taxing of carried interest capital gains as ordinary income, and a hike in the Death Tax.
  • California tobacco tax measure targets an industry under pressure

    06/22/2016 7:27:06 AM PDT · by Drango · 21 replies
    Sac Bee ^ | June 20 | TARYN LUNA
    On a cool spring day at the Capitol, Toni Atkins delivered a series of blows unlike anything the tobacco industry had ever felt in California. Then speaker of the Assembly, the San Diego Democrat had been a lame duck for the last six months since the house elected Anthony Rendon to replace her. It was a Thursday morning in March and her final session as speaker, a tenure that lasted just shy of a year and 10 months. In a series of quick votes, the Assembly passed six smoking bills, the most significant of which raised the age to buy...
  • Obama’s proposed oil tax would more than double federal gasoline tax

    06/10/2016 7:43:25 AM PDT · by rktman · 31 replies
    americanthinker.com ^ | 6/10/2016 | Thomas Lifson
    The Obama administration has proposed a $10.25 tax on the production of crude oil. While not yet formally introduced as legislation, the tax would be positioned as a “tax on big oil,” and opposition to it could be portrayed as “defending big oil.” Of course, that is nonsense on a stick. As an added cost, it would be passed on to consumers at the gas pump, or heating oil truck, not to mention adding to the costs of everything made of feedstock, from Saran Wrap to spatulas.
  • Obama proposes expanding Social Security benefits while the program careens toward insolvency

    06/02/2016 7:03:14 PM PDT · by MtnClimber · 24 replies
    American Thinker ^ | 2 Jun, 2016 | Rick Moran
    For more than 20 years, the Government Accountability Office has been warning that the varioius Social Security funds would go broke in a matter of decades unless something is done to shore up the program. Unfortunately, there are limited options when trying to address this crisis. You can employ a combination of raising the retirement age and/or increase the FICA tax. Other than that, you're rearranging chairs on the deck of the Titanic. But President Obama – who is fully aware of the threat of insolvency – is now proposing that Social Security benefits be increased and wants the "rich"...
  • Local Governments Cry Poor but Act Rich

    05/31/2016 9:28:07 AM PDT · by MichCapCon · 5 replies
    Capitol Confidential ^ | 5/23/2016 | James Hohman
    For over a decade, local governments in Michigan have been complaining they need more money from state taxpayers. A recent push by Wayne County Executive Warren Evans is only the most recent example. That is what they say, but how they act suggests their fiscal complaints are exaggerated. For example, providing post-retirement health care benefits to employees is an expense that should be the first to go if there is a real financial problem. Many local governments in Michigan pay for retired employees’ health insurance costs, a type of benefit that is rare in the private sector. Unlike pension promises,...
  • California cap-and-trade auction falls far short, delivering blow to state revenue (tr)

    05/26/2016 6:16:22 AM PDT · by Oldeconomybuyer · 17 replies
    Los Angeles Times ^ | May 26, 2016 | by Ralph Vartarbedian
    The latest auction in California's cap-and-trade market for greenhouse gases fell sharply below expectations, as buyers purchased just 2% of the carbon credits whose sale funds a variety of state programs -- notably, the proposed high-speed rail project. The quarterly auction, conducted May 18 and announced Wednesday, will provide just $10 million for state programs, including $2.5 million for the bullet train. The rail authority had been expecting about $150 million. Whatever prompted the lack of buyers, the auction is a stark example of the uncertainty and risk of relying on actively-traded carbon credits to build the bullet train. The...
  • Seattle ...East African Migrants with Suitcases of Cash Leaving US – They’re ALL ON WELFARE

    05/20/2016 8:19:52 AM PDT · by Rusty0604 · 28 replies
    The Gateway Pundit ^ | 05/19/2016 | Jim Hoft
    Seattle and King County officials have stopped several migrants with suitcases full of American dollars leaving the United States. All of the suspects carrying the suitcases full of cash were on welfare. KING5 reported: “ Travelers pulling suitcases full of cash started showing up at Sea-Tac Airport last year holding tickets for flights headed out of the United States. The people carrying the cash didn’t hide the fact from Customs. Just the opposite, they reported it. Anyone traveling out of the United States is required to declare any amount over $10,000 and fill out a one-page federal form. These reports...
  • New York is likely dropping its “tampon tax”

    04/12/2016 4:18:11 AM PDT · by HomerBohn · 24 replies
    MSN ^ | Hanna Kowlowska
    The New York state senate is poised to eliminate New Yorkers’ so-called “tampon tax.” Feminine hygiene products are currently taxed as “luxury items” in New York, but a new bill could result in their reclassification as tax-exempt necessities, instead. The Republican-run senate passed the bill unanimously on Monday (April 11) after it had passed the state assembly in March, also with full support from lawmakers. The bill now goes to the state’s governor Andrew Cuomo, a father of three daughters, who has said in the past that the tax should be repealed. “It is a way of providing some tax...
  • CT ranked as one of top 10 states where people are living paycheck-to-paycheck

    01/19/2016 6:49:30 PM PST · by matt04 · 19 replies
    A new study shows Connecticut is in the top ten for paycheck-to-paycheck living. People everywhere have to pay rents or mortgages, groceries and utilities. But those bills vary from state to state. When everything's paid, a study by the website GoBankingRate shows, not a lot is left in Connecticut. Moving from Maine, Sandra Champlin said she learned quickly that her money doesn't get her as far in Connecticut as it did there. “Rent is higher in Connecticut,” said Champlin, who now lives in Rockville. She added that rent a few hundred more in Connecticut than Maine. Champlin said she wasn't...
  • Clinton: Planned Parenthood should get more federal funding

    01/19/2016 10:50:58 AM PST · by wagglebee · 21 replies
    LifeSiteNews ^ | 1/19/15 | Dustin Siggins
    DES MOINES, Iowa, January 19, 2016 (LifeSiteNews) – Leading Democratic presidential candidate Hillary Clinton "would like to see Planned Parenthood even get more funding." Speaking to Fusion's Anna Holmes after the Iowa Brown & Black Forum, Clinton – who has been endorsed by the embattled abortion giant – clarified that she opposes defunding "because, often times, it is both the first and the last resort for health care." Planned Parenthood has been under fire for conducting possibly illegal abortions to allegedly profit off baby parts – which is also illegal – as well as alleged fraud. Its affiliates have also...
  • Seattle gun store owner moving because of new tax

    01/06/2016 9:34:01 AM PST · by PROCON · 12 replies
    AP ^ | Jan. 6, 2015
    SEATTLE (AP) - The owner of one of Seattle's few gun stores says he's moving his business to avoid paying a new tax. The Seattle Times reports (http://bit.ly/1TEelfU ) that the city tax on firearm and ammunition sales took effect January 1. Precise Shooter owner Sergey Solyanik says he stopped selling guns and ammo in Seattle and is already close to signing a lease in Lynnwood.
  • 2014 US health spending grew at fastest rate of Obama years

    12/05/2015 1:04:48 PM PST · by Olog-hai · 3 replies
    Associated Press ^ | Dec. 2, 2015 5:44 PM EST | Ricardo Alonso-Zaldivar
    U.S. health care spending last year grew at the fastest pace since President Barack Obama took office, driven by expanded coverage under his namesake law and by zooming prescription drug costs, the government said Wednesday. After five years of historically low growth, national health expenditures increased by 5.3 percent in 2014, reaching $3 trillion, or $9,523 for every man, woman and child. That followed a 2.9 percent increase for 2013. Such seemingly small percentage shifts resonate when the total is $3 trillion. The report by nonpartisan experts at the Department of Health and Human Services is an annual snapshot of...
  • Virginia Gov. McAuliffe announces fix for I-95 bottleneck [Goody! More Tolls!]

    11/24/2015 4:05:59 PM PST · by markomalley · 29 replies
    Washington Post ^ | 11/24/15 | Robert Thompson
    Virginia Gov. Terry McAuliffe (D) announced Tuesday morning that VDOT will extend the 95 Express Lanes two miles farther south, in an effort to fix the bottleneck where these HOT lanes merge back with the regular lanes of I-95.Anyone driving south on I-95 from the D.C. area Tuesday or Wednesday will realize why the governor’s announcement on WTOP radio is important. Both the regular lanes and the express lanes can be backed up for miles at peak periods where the two sets of lanes merge near Garrisonville Road in Stafford County.McAuliffe said the express lanes will be extended under an...
  • How Europe Will Pay For The Refugee Crisis: Higher Taxes For The Rich

    09/10/2015 10:08:52 AM PDT · by SeekAndFind · 14 replies
    Zero Hedge ^ | 09/10/2015 | Tyler Durden
    Europe's handling of its refugee crisis has led to much criticism and left even more to be desired, but until now Europe's general population was largely on the side of the misplaced migrants who are trying to reestablish their lives away from the daily horrors of the middle east, all in the name of a Qatari gas pipeline. Just today, the Globe and Mail reported that French public opinion has swung dramatically to majority support for an intake of more migrants from war zones like Syria, a new poll showed as the country welcomed further busloads of asylum seekers...
  • NRA Sues Over Seattle's Adoption of 'Gun Violence Tax'

    08/24/2015 3:38:48 PM PDT · by Red in Blue PA · 23 replies
    Three gun rights groups, including the National Rifle Association, sued the city of Seattle on Monday over its adoption of a so-called "gun violence tax," a tax on firearms and ammunition designed to help offset the financial toll of gun violence. The complaint was filed Monday in King County Superior Court by the NRA, the Bellevue-based Second Amendment Foundation and the National Shooting Sports Foundation, along with two gun owners and two gun shops. It called the tax legally unenforceable because Washington state prohibits local governments from adopting laws related to firearms unless those local ordinances are specifically authorized by...
  • Top 5 Taxes You May See on the (CA) 2016 Ballot

    08/22/2015 1:00:26 PM PDT · by fifedom · 27 replies
    California Political Review ^ | Aug. 14, 2015 | Joel Fox
    In reverse order of probability: (5) oil severance tax, (4) Sales tax on services, (3) split property tax rolls (separate rates for homeowners than businesses), (2) cigarette tax, (1) Extension of Prop30.
  • It's Official: Greece defaults on IMF payment

    06/30/2015 7:24:07 PM PDT · by SeekAndFind · 55 replies
    The Star ^ | 06/30/2015 | Tanya Talaga
    Greece joins Somalia, Sudan and Zimbabwe on the latest to be in debt to the International Monetary Fund. As Athenians rallied underneath thunderclouds to show their support for keeping Greece in the eurozone of single currency nations, their broke government defaulted on a $2.2-billion payment to the International Monetary Fund. At midnight on Tuesday, Greece joined Sudan, Somalia and Zimbabwe as countries in arrears to the IMF. Also at midnight, the bailout assistance package that began in February 2012 formally expired, leaving Greece without access to any emergency finances. In Washington, the IMF acknowledged that Greece had failed to meet...
  • How many Billions were wasted By DNC State Govs Setting up unnecessary Health Exchanges?

    06/25/2015 5:08:17 PM PDT · by NoLibZone · 11 replies
    How many DNC Govs set up failed , un needed Health Care Exchanges?
  • Chuck Schumer: Carbon tax has a chance if Clinton wins

    06/24/2015 6:28:08 AM PDT · by Oldeconomybuyer · 13 replies
    Politico ^ | June 23, 2015 | By ELANA SCHOR
    Sen. Chuck Schumer outlined a path Tuesday for Hillary Clinton to enact a carbon tax if the Democrats prevail in the 2016 elections. Schumer said that a Clinton presidency and the return of his party to the Senate majority in 2017 could pave the way for lawmakers to enact a carbon tax to help fund the government. The mere suggestion of a new fee on the emissions blamed for climate change, however, could become a political headache for Clinton and other Democrats, and it’s routinely dismissed by Republicans. Schumer also vowed that Democrats would successfully defend President Barack Obama’s landmark...
  • We Might As Well Face It – America Is Addicted To Debt

    06/18/2015 10:36:21 AM PDT · by SeekAndFind · 13 replies
    TEC ^ | 06/18/2015 | Michael Snyder
    Corporations, individuals and the federal government continue to rack up debt at a rate that is far faster than the overall rate of economic growth. We are literally drowning in red ink from sea to shining sea, and yet we just can’t help ourselves. Consumer credit has doubled since the year 2000. Student loan debt has doubled over the course of the past decade. Business debt has doubled since 2006. And of course the debt of the federal government has doubled since 2007. Anyone that believes that this is “sustainable” in any way, shape or form is crazy. We have...
  • San Francisco's Homeless Policies Have Been a $1.5 Billion Failure

    06/18/2015 3:27:56 PM PDT · by nickcarraway · 13 replies
    SF Weekly ^ | Thu, Jun 18, 2015 | Jeremy Lybarger
    A major new report from the nonprofit Coalition on Homelessness investigates how criminalizing homelessness in San Francisco has only exacerbated the crisis. Much like America’s War on Drugs, the city’s crackdown on homelessness has been a costly failure, leaving in its wake people who feel victimized by the very system that’s supposed to help them. The report’s title, “Punishing the Poorest,” neatly sums up city policy. “Since 1981, San Francisco has passed more local measures to criminalize sleeping, sitting, or panhandling in public spaces than any other city in California,” the report states. In fact, San Francisco has 23 state...
  • Nevada GOP governor secures unlikely win with tax increase

    06/02/2015 7:39:22 AM PDT · by Olog-hai · 4 replies
    Associated Press ^ | Jun 2, 2015 4:06 AM EDT | Michelle Rindels
    Nevada’s Republican governor, Brian Sandoval, secured an unlikely victory when the conservative state Legislature approved a huge tax increase at his urging as part of a plan to boost education spending. The $1.1 billion package raises taxes on businesses and cigarettes, and it makes permanent a $500 million bundle of temporary payroll and sales taxes. Sandoval’s win on Monday came on the last day of the legislative session, and the proposal’s fate had been in doubt until late Sunday when several skeptical Republicans in the state Assembly pledged support. The plan had faced vocal resistance for months, led by anti-tax...
  • Amtrak crash shows the high cost of ignoring infrastructure

    05/13/2015 10:42:40 AM PDT · by Oldeconomybuyer · 76 replies
    Market Watch ^ | May 13, 2015 | By Rex Nutting
    America is crumbling before our eyes. Once, the U.S. was the envy of the world with its modern roads, airports, railroad bridges and other infrastructure. Everything was first-class. Now, it’s third-rate. An Amtrak passenger train derailed Tuesday in Philadelphia, killing at least seven passengers. The investigation into the crash is only beginning, and it’s too early to say what caused it. But it’s not too early to say that Amtrak’s crumbling infrastructure didn’t help matters. “It’s an extremely heavily used stretch of track,” transportation analyst Matthew L. Wald told CNN, referring to the area where the train derailed Tuesday night....
  • CBO: Feds Taxing More, Spending More, Running Bigger Deficit in 2015

    04/14/2015 12:04:58 AM PDT · by Olog-hai · 2 replies
    Cybercast News Service ^ | April 13, 2015 - 1:21 PM | Terence P. Jeffrey
    The federal government taxed away more money, spent more money and ran a bigger deficit in the first half of fiscal 2015 than it did in the first half of fiscal 2014, according to the Congressional Budget Office. “The federal government ran a budget deficit of $430 billion for the first half of fiscal year 2015, CBO estimates—$17 billion more than the shortfall recorded in the same span last year,” the CBO said in its Monthly Budget Review for March 2015, which was published April 8. “Both revenues and outlays were about 7 percent higher than the amounts recorded in...
  • Remember When Taxes Used to Cause Revolutions?

    02/11/2015 3:37:01 PM PST · by Kaslin · 8 replies
    Townhall.com ^ | February 11, 2015 | Michael Schaus
    With a few strategic policy proposals, King George encouraged Americans to sign a document that later became known as the “Declaration of Independence”… Indirectly, of course. In the year of 1765, the King of England managed to do the Obama equivalent of signing Obamacare. With a stunning amount of short-sighted arrogance, the Kingly gentleman from England thrust America into a frenzy of anti-English sentiment. (Racist colonists!) On November 1st, in the year 1765, Britain implemented the Stamp Act. Defending the American colonies during the French and Indian War, as well as the Pontiac’s Rebellion (no-one liked Pontiac then either, apparently),...
  • Obama’s Big Fat Greek Budget

    02/08/2015 11:41:15 AM PST · by Sean_Anthony · 5 replies
    Canada Free Press ^ | 02/08/15 | Daniel Greenfield
    Debt is about more than just money. It's about the end of expectations and the death of hope In a speech at the Department of Homeland Security, Obama declared that he wants to “replace mindless austerity with smart investments that strengthen America”. Those “smart” investments scattered across a gargantuan $4 trillion budget include a $500 million Green Climate Fund for the Third World and $105 million to help the government build better websites. Obama is fond of putting the word “smart” in front of stupid ideas to make them seem less stupid. The $4 trillion budget is actually as stupid...
  • The Wisdom of Bastiat, as Revealed by Great Moments in Federal, State, and Local Government

    01/31/2015 11:10:54 AM PST · by Kaslin · 2 replies
    Townhall.com ^ | January 31, 2015 | Daniel J. Mitchell
    >I’ve periodically cited the great 19th-century French economist, Frederic Bastiat, forhis very wise words about the importance of looking at both the seen and the unseen when analyzing public policy.Those that fail to consider secondary or indirect effects of government, such as Paul Krugman, are guilty of the “broken window” fallacy.There are several examples we can cite.A sloppy person, for instance, will think a higher minimum wage is good because workers will have more income. But a thoughtful analyst will think of the unintended consequence of lost jobs for low-skilled workers.An unthinking person will conclude that government spending is good...
  • Obama to seek billions in higher taxes on wealthy, banks

    01/18/2015 6:24:33 AM PST · by HomerBohn · 33 replies
    MSN ^ | 1/18/2015 | Staff
    President Obama plans to propose raising $320 billion over the next 10 years in new taxes targeting wealthy individuals and big financial institutions to pay for new programs designed to help lower- and middle-income families, senior administration officials said Saturday. In his State of the Union address Tuesday night, Obama will propose raising the capital gains and dividend tax rates to 28 percent for high earners; imposing a fee on the liabilities of about 100 big financial institutions; and greatly broadening the amount of inherited money subject to taxes. Obama will also seek to boost private retirement savings by requiring...
  • The 14 States That Cut Taxes in 2014

    01/06/2015 2:03:37 PM PST · by ThethoughtsofGreg · 11 replies
    American Legislator ^ | 1-51-14 | Will Freeland
    As 2014 draws to a close and the final few state legislatures still in session prepare to finally adjourn for the year, the ALEC Center for State Fiscal Reform has again published State Tax Cut Roundup, which details the states that cut taxes in the 2014 legislative session. During the 2014 legislative session, 14 states passed significant tax cuts into law. These cuts vary in what tax they reduced and their size but they share one crucial similarity: they put more money into the pockets of taxpayers in their respective states. Those 14 states are detailed in the map below:...
  • NYT Credits Big Government Spending for American Prosperity

    01/03/2015 8:18:51 AM PST · by Kaslin · 16 replies
    Townhall.com ^ | January 3, 2015 | Michael Schaus
    The folks over at the New York Times are keeping up their tradition of shilling for big government spending. In a recent column, the Times suggests that a recent uptick in government spending is creating prosperity, and boosting the economy. According to the Times: For a long stretch, government spending cutbacks at all levels were a substantial drag on economic growth. Now, finally, relief is in sight. For the first time since 2011, local, state and federal governments are providing a small but significant increase to prosperity.Yeah… Government is taking your money, spending it on redistributive welfare programs and special interest...
  • Which country has 2nd largest social welfare system in the world?

    12/07/2014 2:24:35 PM PST · by ConservativeMind · 8 replies
    The Register - UK ^ | December 7, 2014 | Tim Worstall
    Worstall @ the Weekend The general impression we've all got is that the US is a place where the poor are simply left to starve in the gutter, unlike in soft and cuddly Europe, where we do our best to help our fellow man. That the political mantras shouted at us to keep us coughing up to pay for these welfare states might not be wholly and entirely true should not come as all that much of a surprise. So here's your cut-out-and-keep guide to what really goes on in the American welfare state. The first and most obvious thing...
  • USDA Christmas Tree Tax Takes Effect

    11/15/2014 5:42:24 PM PST · by PROCON · 87 replies
    breitbart ^ | Nov. 15, 2014 | Rich Tucker
    This year, your real Christmas tree will be more expensive than it needs to be. That’s because the Department of Agriculture is imposing a fee on each fresh-cut tree sold. A few months ago, the federal government created a national marketing program to advertise the virtues of real Christmas trees. It’s funded by a 15-cent surcharge that will be added to the cost of each tree sold. It’s not a tax, Washington insists -- merely a fee that you have to pay. “The Christmas tree industry requested this initiative to fund Christmas tree research and marketing, the program will be...
  • Maine's largest city cuts spending in dispute over immigrant aid

    11/13/2014 5:42:53 PM PST · by 11th_VA · 38 replies
    Yahoo News ^ | 14 Nov 2014 | Reuters By Dave Sherwood
    PORTLAND Maine (Reuters) - Maine's largest city has begun clamping down on spending as newly re-elected Republican Governor Paul LePage makes good on a campaign promise to cut funding to cities and towns that give aid to undocumented immigrants. In an internal memo released on Wednesday, Portland city officials said they had frozen hiring and cut travel and overtime spending after their requests for reimbursement from the state for assistance provided to families with children in emergencies had gone unanswered since July. The budget shortfall could grow to as much as $3 million this year, city officials said, a hefty...
  • The Incurable Disease -- Government Spending

    11/02/2014 9:03:10 PM PST · by Abakumov · 7 replies
    Radix News ^ | November 3, 2014 | Ben Carson
    I have had a fulfilling career as a pediatric neurosurgeon, which unfortunately included numerous instances where worst-case scenarios played out in the operating room. Good surgeons plan ahead for these possible events so that bad outcomes are minimized. But of course, few treatment plans will succeed if the doctor continually fails to make a proper diagnosis before surgery begins. When I look at our nation’s massive federal debt, it is clear that Washington has chronically misdiagnosed the situation, which has resulted in a seemingly never-ending cycle of borrowing and spending. Much like a life-threatening disease, if the underlying cause is...
  • BILL CLINTON SUPPORTS TOM WOLF’S TAXING AGENDA (PA Governors Race)

    10/27/2014 6:30:22 PM PDT · by smoothsailing · 17 replies
    Watchdog Wire - Pennsylvania ^ | 10-27-2014 | Jana Benscoter
    October 27, 2014BILL CLINTON SUPPORTS TOM WOLF’S TAXING AGENDA By Jana BenscoterSound bites echoed throughout Pittsburgh on Monday as the notorious former Democratic President Bill Clinton stumped for his party’s Pennsylvania gubernatorial candidate Tom Wolf. Clinton used the same message he has used in other states for other candidates, personalizing his speech to Wolf, and keeping in step with his folksy brand.The well-known Clinton was used to try to influence voters into believing “trickle-down government” isn’t working—the use of tax breaks and other economic benefits to stimulate the economy—and that Democrats have the answers to creating, growing and sustaining middle-class...
  • Warren Buffett: Tax Inversions Are Bad – Unless I Do Them

    10/03/2014 12:39:26 PM PDT · by Kaslin · 10 replies
    Townhall.com ^ | October 3, 2014 | Michael Schaus
    Warren Buffett is trying to salvage his liberal credentials in the wake of his latest tax avoidance scheme. The Oracle of Omaha became BFF’s with Obama & Company during the President’s reelection campaign when he expressed support for Obama’s tax-and-spend agenda. In an effort to be among the 1 percenters who supported taxing the 1 percenters, Buffett touted the virtues of forking more money over to the Internal Revenue Service…And then the Burger King/ Tim Hortons deal happened. In the wake of news about companies using “tax inversion” deals to escape the highest corporate tax rate in the world (ours),...
  • City pledges to provide health care for unaccompanied immigrant children

    09/02/2014 5:41:45 PM PDT · by moonshinner_09 · 5 replies
    San Francisco Examiner ^ | September 2, 2014 | CHRIS ROBERTS
    San Francisco is providing health care as well as education for the unaccompanied immigrant children seeking refuge in the United States. Since last year, more than 47,000 minors have crossed the border into the country unescorted by adults. As many as 500 youth refugees from conflicts in Central America are expected to arrive in San Francisco by the end of the year, the Department of Public Health estimates. And The City is solidly committed to providing them health care via San Francisco's public options, according to a resolution The City's Health Commission is expected to pass today. Under the Healthcare...
  • Philadelphia Earns Millions By Seizing Cash And Homes From People Never Charged With A Crime

    08/26/2014 10:41:36 AM PDT · by george76 · 57 replies
    Forbes ^ | 8/26/2014 | Nick Sibilla
    Chris Sourovelis has never had any trouble with the law or been accused of any crime. But that hasn’t stopped the City of Philadelphia from trying to take his home. The Sourouvelis family, along with thousands of others in Philadelphia, is living a Kafkaesque nightmare: Their property is considered guilty; they must prove their innocence and the very prosecutors they’re fighting can profit from their misery. Now the Institute for Justice has filed a major class-action lawsuit to end these abuses of power. Back in March, Chris’s son was caught selling $40 worth of drugs outside of the home. With...
  • Liberal Austin homeowners surprised to find they have to pay all the taxes they voted for

    06/02/2014 7:18:13 PM PDT · by SeekAndFind · 100 replies
    Hotair ^ | 06/02/2014 | Erika Johnsen
    NIMBY, literally. “I’m at the breaking point,” said Gretchen Gardner, an Austin artist who bought a 1930s bungalow in the Bouldin neighborhood just south of downtown in 1991 and has watched her property tax bill soar to $8,500 this year.“It’s not because I don’t like paying taxes,” said Gardner, who attended both meetings. “I have voted for every park, every library, all the school improvements, for light rail, for anything that will make this city better. But now I can’t afford to live here anymore. I’ll protest my appraisal notice, but that’s not enough. Someone needs to step in...
  • The Coming Obamacare Shock for 170 Million Americans

    04/04/2014 1:42:41 AM PDT · by kingattax · 24 replies
    Yahoo/The Fiscal Times ^ | April 3, 2014 | Edward Morrissey
    Barack Obama declared victory this week as the deadline to avoid the penalty for the individual mandate to carry health insurance passed on Monday. “The Affordable Care Act is here to stay,” the President insisted as he announced that 7.1 million people had enrolled in private insurance through Obamacare. “The debate over repealing this law is over.” Consider that presidential wish casting in a midterm cycle in which Democrats will have to constantly defend their support for the unpopular law. As Jimmy Fallon pointed out later the same evening, the numbers were neither impressive nor reliable. “It’s amazing what you...