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Keyword: taxandspend

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  • Democrats worry about political fallout from county soda pop tax

    08/11/2017 8:32:38 AM PDT · by Oldeconomybuyer · 41 replies
    Chicago Tribune ^ | August 11, 2017 | by Rick Pearson and Hal Dardick
    Concern about the political effects of a deeply unpopular county pop tax — on top of recent state and city tax increases — on Thursday hung over the first day of Cook County Democrats' endorsement session for next year's primary election. Northwest Side Ald. Nicholas Sposato, 38th, said he expects some backlash against the pop tax "down the road in the election next year." People complaining to him about the tax "are blaming the Democrats," he said, adding that the income tax increase would compound the problem. Democrats last month overrode Gov. Bruce Rauner's veto of a state income tax...
  • L.A. County hands $1.3B — Billion! — to illegals for welfare

    08/10/2017 6:49:53 PM PDT · by Beave Meister · 19 replies
    GOPUSA ^ | 8/9/2017
    llegals living in Los Angeles County were handed almost $1.3 billion in welfare payouts between the months of 2015 and 2016, Fox News reported, citing data. That’s billion with a capital “B.” That’s a quarter of what the county distributed to its entire needy population in those same months. Liberals and government elitists always like to make the case that citizens ought to support some cheap-sounding fee- or tax-paying cause by grandly pronouncing, “It’s just the cost of a cup of coffee,” or “If everyone just gave up their Starbucks lattes, it’d pay for itself.” Well, guess what $1.3 billion...
  • Obama Looted Fannie Mae and Freddie Mac

    07/29/2017 7:44:42 AM PDT · by Kaslin · 38 replies
    American Thinker.com ^ | July 29, 2017 | Brian McNicoll
    President Obama never was shy about using his phone and pen to achieve what he could not get from Congress on regulatory matters. But documents revealed last week show the Obama administration may have been willing to get around congressional decisions on spending by using a slush fund of sorts funded by the profits of Freddie Mac and Fannie Mae, the two government-sponsored home loan giants. Fannie and Freddie are federally chartered enterprises which buy mortgage loans from banks and bundle them into securities that are sold to investors, thus freeing up capital so that banks can make more home...
  • A new tax on sugary drinks designed to generate revenue for cash-strapped Cook County .......

    07/31/2017 5:10:57 AM PDT · by sleeper-has-awakened · 71 replies
    illinoispolicy.org ^ | 06/28/17 | Robert Brutvan
    Full Title: A new tax on sugary drinks designed to generate revenue for cash-strapped Cook County will be the third burdensome tax applied to soda prices in Chicago, making a $4 12-pack of soda in the city cost $5.97. Beginning July 1, residents of Cook County may notice their grocery bills growing as a penny-per-ounce tax on artificially sweetened beverages takes effect.The new tax will be added on top of Chicago’s highest in the nation sales tax of 10.25 percent and the city’s 3 percent tax on non-alcoholic beverages. With the new sugary beverage tax, soda in Chicago will be...
  • Steve Bannon Pushing For 44 Percent Marginal Tax Rate On The Very Rich

    07/26/2017 5:10:06 PM PDT · by sunrise_sunset · 96 replies
    The Intercept/Drudge ^ | 7/26/2017 | Ryan Grim
    Top White House adviser Steve Bannon is pushing for tax reform to include a new 44 percent top marginal tax rate, hitting people who earn more than $5 million a year, with the revenue paying for tax cuts for the rest, according to three people who’ve spoken to him recently.
  • Why Illinois Is In Trouble - 63,000 Public Employees With $100,000+ Salaries Cost Taxpayers $10B

    07/26/2017 10:08:53 AM PDT · by SeekAndFind · 35 replies
    Forbes ^ | 07/26/2017 | Adam Andrzejewski
    Illinois is broke and continues to flirt with junk bond status. But the state’s financial woes aren’t stopping 63,000 government employees from bringing home six-figure salaries and higher. Whenever we open the books, Illinois is consistently one of the worst offenders. Recently, we found auto pound supervisors in Chicago making $144,453; nurses at state corrections earning up to $254,781; junior college presidents making $465,420; university doctors earning $1.6 million; and 84 small-town “managers” out-earning every U.S. governor. Using our interactive mapping tool, quickly review (by ZIP code) the 63,000 Illinois public employees who earn more than $100,000 and cost taxpayers...
  • Why people are getting the hell out of the Northeast

    07/26/2017 9:06:34 AM PDT · by TigerClaws · 155 replies
    Winter is coming for the North. Last year, three states in the Northeast — New Jersey, New York and Connecticut — landed in the top five places people were moving out of fastest, according to 2017 data from United Van Lines. (The other two states on the list were Illinois and Kansas.) And data from Pew Charitable Trusts found that while people are all about moving to the South (their population grew by nearly 1.4 million people from 2014 to 2015) and the West (866,000 more people,) the population growth in the Northeast is “sluggish.” The Northeastern exodus is particularly...
  • Trump had ‘The Art of the Deal.’ Now Democrats say their economic agenda is ‘A Better Deal.’

    07/23/2017 7:45:34 AM PDT · by Libloather · 41 replies
    Washington Post via MSN ^ | 7/22/17 | Ed O'Keefe, David Weigel
    **SNIP** Democratic leaders shared few details to preserve suspense around the plan, which is scheduled to be unveiled Monday at an event in Virginia’s 10th Congressional District, where the party hopes to defeat incumbent Rep. Barbara Comstock (R). But some lawmakers, aides and outside advocates consulted on the new agenda said that it is expected to focus on new proposals to fund job-training programs, renegotiate trade deals and address soaring prescription-drug costs, as well as other issues. It is also expected to endorse long-held Democratic principles, including “a living wage” of $15 per hour and already unveiled spending plans for...
  • Liberal Values Are Bankrupting Us

    07/19/2017 10:54:09 AM PDT · by Kaslin · 20 replies
    Townhall.com ^ | July 19, 2017 | Star Parker
    Recently, Gallup published the results of its annual Values and Beliefs poll. The headline of the report speaks for itself: "Americans Hold Record Liberal Views on Most Moral Issues." Gallup has been doing this poll since 2001, and the change in public opinion on the moral issues surveyed has been in one direction -- more liberal. Of 19 issues surveyed in this latest poll, responses on 10 are the most liberal since the survey started. Sixty-three percent say gay/lesbian relations are morally acceptable -- up 23 points from the first year the question was asked. Sixty-two percent say having a...
  • De Blasio’s trip was approved for ‘city purpose’ of bashing Trump

    07/12/2017 9:07:24 AM PDT · by ColdOne · 13 replies
    nypost.com ^ | 7/10/17 | By Yoav Gonen, Carl Campanile and Bruce Golding
    The city Conflicts of Interest Board gave Mayor de Blasio the green light for a free trip to Germany because it achieved a “city purpose” — of opposing President Trump, a spokesman said Monday. An email from the conflicts board’s lawyer, sent at 10 p.m. Friday — more than a day after de Blasio flew to Germany — said the board approved his itinerary based on a rule that allows acceptance of travel-related gifts if “the trip is for a city purpose and therefore could properly be paid for with city funds.”
  • California Dems panic over their tax hike, sue 3 college Republicans for successful recall petition

    07/08/2017 8:19:34 AM PDT · by ptsal · 18 replies
    American Thinker ^ | July 08, 2017 | Thomas Lifson
    Democrats control both houses of the California State Legislature with 2/3 majorities, allowing them to pass any bills they wish, with no possibility of obstruction from the powerless GOP. As Democrats will when they feel empowered, they recently passed a major hike in gasoline taxes that will take over $5 billion a year more from the pockets of motorists. With the GOP powerless, what could possibly go wrong? ===== [snip] Caught by surprise, the California Dems reacted stupidly. ====== [snip] But trying to quash a recall election following a tax increase, and dragging three kids into court looks really bad...
  • Welcome To The Third World, Part 24: Illinois About To Default?

    07/01/2017 7:42:25 AM PDT · by Lorianne · 33 replies
    Dollar Collapse ^ | 28 June 2017
    The train wreck that is the state of Illinois has generated a lot of questions lately, including “Will its government ever pass a budget?”, “Will it ever pay its overdue bills?”, and “Is it possible for a state to go bankrupt?” Looks like we’re about to get some answers to these questions, along with one more: “What happens to the financial markets when people finally realize that Illinois is far from the only impending bankruptcy?” Today’s Wall Street Journal has an anecdote-filled article illustrating what certainly looks like a case of terminal financial mismanagement (How Bad Is the Crisis in...
  • Chicago Facing Bankruptcy but Spends Taxpayer $ to Place ‘Real Fake’ Statue in Front of Trump Tower

    06/30/2017 9:08:23 AM PDT · by davikkm · 27 replies
    The city of Chicago is facing bankruptcy due to Democrat Party leadership that has simply destroyed the great American city. But this isn’t stopping the Democrat leadership in Chicago from paying for and placing a statue in front of Trump Tower in Chicago. The statue reads “Real Fake”. It was reported earlier this week that Chicago is on the verge of bankruptcy. Two years ago Moody’s Investors Service downgraded Chicago’s debt to junk status, now politicians in Chicago are arguing that maybe bankruptcy is not such a bad thing. Chicago currently faces $25 billion in pension promises that it cannot...
  • Ricky Gervais Rips Trump: ‘Hollywood Liberal Elites Are Not the Enemy’

    06/22/2017 9:57:09 PM PDT · by Lera · 70 replies
    Breitbart ^ | 22 Jun 2017 | Jerome Hudson
    <p>Actor-producer Ricky Gervais says President Donald Trump convinced his supporters to see “Hollywood liberal elite” as their enemy.</p> <p>In an extensive interview with Vulture, The Officer creator says the liberal celebrities who want politicians to raise tax rates “are the ones willing to pay more.”</p>
  • Official warns Illinois finances in 'massive crisis mode'

    06/17/2017 11:05:13 AM PDT · by 2banana · 68 replies
    Associated Press ^ | June 17th, 2017 | SARA BURNETT
    The Illinois official responsible for paying the state's bills is warning that new court orders mean her office must pay out more each month than Illinois receives in revenue. Comptroller Susana Mendoza must prioritize what gets paid as Illinois nears its third year without a state budget. A mix of state law, court orders and pressure from credit rating agencies requires some items be paid first. Those include debt and pension payments, state worker paychecks and some school funding. Mendoza says a recent court order regarding money owed for Medicaid bills means mandated payments will eat up 100 percent of...
  • VERIFY: Are Houston toll road fees ever going away?

    06/12/2017 10:59:41 PM PDT · by Tolerance Sucks Rocks · 41 replies
    KHOU ^ | May 19, 2017 | Tim Wetzel
    HOUSTON - The teachers at Spring Forest Middle School asked KHOU 11's Verify team whether Beltway 8 has been paid off and if the tolls will ever go away in the foreseeable future. "Why do we still pay for toll roads?" wondered 7th grade teacher Rebecca Mustachio. "To be honest, I thought we would be done paying for toll roads." We are not even close to paying the bill for those roads, according to Roxana Sibrian of the Harris County Toll Road Authority. In a statement emailed to KHOU, the authority says it will be paying off construction debt until...
  • Overwhelming number of people speak in favor of Seattle income tax (Tax the Rich!)

    06/01/2017 7:35:12 AM PDT · by PROCON · 61 replies
    mynorthwest.com ^ | May 31, 2017 | MYNORTHWEST.COM
    An overwhelming number of people spoke in support of a citywide income tax in Seattle on Wednesday at City Hall. People in support of taxing the richest residents cited everything from “simple justice,” to the untapped pool of money that could be used to deal with pressing problems like homelessness and drug abuse. The proposed tax would be 1.5 percent on adjusted gross income over $250,000 per year. Councilmember Lisa Herbold says there are still many undecided details, chiefly how that income level would be calculated. The legal basis for such a selective tax is shaky and whatever the...
  • Connecticut, home to great wealth, may be sinking into a fiscal mire

    05/26/2017 4:05:01 PM PDT · by Early2Rise · 27 replies
    Fox News ^ | 5/26/2017 | Elizabeth Liorente
    The administration of Gov. Dannel Malloy, a Democrat who has been in office since 2011, projects a budget deficit of more than $5 billion over the next two years, thanks to generous pension benefits and the burden of servicing its big debt, plus falling tax revenue due to the exodus of large employers and residents reaching retirement age. Its budget woes, as well as concerns that they will be repeated year after year, helped lead General Electric in 2015 to consider moving its headquarters out of the state. Last year, it did exactly that. The state’s population is falling: Its...
  • Seattle Mayor Adds Diet Drinks to His Soda Tax ‘To Tackle White Privilege’

    05/07/2017 2:42:24 PM PDT · by Altura Ct. · 142 replies
    HeatStreet ^ | 5/6/2017
    The mayor of Seattle has altered the rules of his proposed soda tax — which would fund education for minorities–to include diet drinks because affluent white people tend to consume them more. Mayor Ed Murray of the staunchly liberal Seattle city originally proposed the soda tax during his state of the city address in February. Under his initial plan, distributors of sugary drinks would have to pay 2 cents per ounce. It would cover sodas such as Coke and Pepsi, energy drinks like Red Bull, fruit drinks, sweetened teas and bottled coffees such as those sold by Starbucks. The Mayor claimed the tax would bring $16 million in...
  • De Blasio Brags About New York Cigarette Price Floor Being Raised To ‘Highest Price In The Country’

    04/20/2017 5:07:21 AM PDT · by kevcol · 65 replies
    Washington Free Beacon ^ | April 19, 2017 | Charles Fain Lehman
    New York City Mayor Bill de Blasio announced Wednesday that cigarette prices in the city would go up $2.50 to $13 which, de Blasio bragged, would be "the highest price in the country." . . . Council Member Fernando Cabrera, who introduced the bill to create the licensing requirement for e-cigarette retailers, described the proposal as "a major step to limit the use of e-cigarettes, which are dangerous nicotine delivery systems that can lead to nicotine and potentially drug addiction."