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Keyword: taxandspend

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  • 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."
  • Most of These Republicans Ran On Low Taxes; But All Voted to Keep Them High

    03/13/2017 12:32:29 PM PDT · by MichCapCon · 4 replies
    Michigan Capitol Confidential ^ | 3/9/2017 | Jarrett Skorup
    All House Democrats except one joined 12 Republicans to defeat a bill that would have slightly lowered Michigan’s income tax rate. A review of their campaign record shows that most of the GOP members ran on a record of lower taxes and a smaller state government. In 2007, Gov. Jennifer Granholm and Democrats in the Michigan Legislature — with the help of a few Republicans — pushed through an 11.5 percent income tax hike in the early hours of the morning on a deadline. At the time, the state was running a projected budget deficit and the tax hike was...
  • The Blue-State Model Collapses in Connecticut

    03/07/2017 8:24:26 AM PST · by SeekAndFind · 41 replies
    National Review ^ | 03/07/2017 | Stephen Eide
    Government finance is now the greatest source of controversy in Connecticut, owing to billion-dollar deficits and an epic debt load that ensures high taxes for many years to come. In national politics, Connecticut is deep blue: Its entire congressional delegation is Democratic, and it hasn’t voted for a Republican presidential candidate in 28 years. But the GOP has recently notched strong gains in the state legislature. Though it’s far from clear which party will prevail, the fight for control of state government will depend on who can better respond to broad public recognition that Connecticut needs a new fiscal model....
  • Soda companies, supermarkets report 30-50 pct. sales drop from soda tax

    02/22/2017 5:07:46 AM PST · by Prov1322 · 57 replies
    Philly.com ^ | 02.21.2017 | Julia Terruso
    Two months into the city’s sweetened-beverage tax, supermarkets and distributors are reporting a 30 percent to 50 percent drop in beverage sales and are planning for layoffs. One of the city's largest distributors says it will cut 20 percent of its workforce in March, and an owner of six ShopRite stores in Philadelphia says he expects to shed 300 workers this spring. “People are seeing sales decline larger than anything they’ve seen up to this point in the city,” said Alex Baloga, vice president of external relations at the Pennsylvania Food Merchants Association. In response, the city questioned the legitimacy...
  • The Time Has Come for 51

    02/11/2017 4:50:43 AM PST · by Kaslin · 94 replies
    American Thinker ^ | February 11, 2017 | John Steinreich
    After nearly three decades in L.A. County, Nestlé will soon move its headquarters from California to Virginia. This food services giant with an estimated $235 billion in assets worldwide will by the end of 2018 remove 1,200 jobs from a state that relies heavily on income taxes to fund its massive public sector. Nestlé's exodus follows other big employers, including Toyota, Campbell's Soup, Dunn-Edwards Paints, and eBay – which took with them tens of thousands of jobs – and mirrors the flight of mom-and-pop operations, entrepreneurs, families, and individuals who have ditched the once Golden State for places where the...
  • ALEC, United Van Lines Study: People Moving to Lower-tax States

    01/23/2017 8:01:19 AM PST · by VitacoreVision · 22 replies
    The New American ^ | 23 January 2017 | Bob Adelmann
    The American Legislative Exchange Council (ALEC) just released its latest Rich States, Poor States study showing how states measure up in economic performance based on three variables, and then ranking them in a forecast based on 15 variables. Its conclusion is the same this year as in the past:Generally speaking, states that spend less — especially on income transfer programs, and states that tax less — particularly on productive activities such as working or investing — experience higher growth rates than states that tax and spend more. A United Van Lines report confirms ALEC’s conclusions: Retirees, who make up about a quarter of...
  • Thanks to pension funds, Los Angeles is close to becoming a microcosm of Greece

    11/20/2016 7:17:21 PM PST · by SeekAndFind · 50 replies
    Hotair ^ | 11/20/2016 | Jazz Shaw
    Back in the summer of 2012 the City of Los Angeles realized that they had a serious budget problem on their hands and the culprit, as in so many other cities, was the city’s extremely generous pension plan for municipal workers. Mayor Antonio Villaraigosa, backed by the city council, jumped into the fray and passed what was then described as sweeping pension reform and patted themselves on the back for a job well done. (LA Times, 2012) Despite a raucous protest and threats of a lawsuit from city labor unions, the Los Angeles City Council voted Tuesday to roll...
  • California petitions to become first state to offer ObamaCare to illegal immigrants

    10/05/2016 1:48:32 PM PDT · by ColdOne · 48 replies
    foxnews.com ^ | 10/4/16 | Adam Shaw and Lee Ross
    California’s health care exchange is requesting that it be allowed a waiver from ObamaCare regulations in order to allow illegal immigrants to buy insurance on the exchange – which would make California the first state to extend ObamaCare to illegal immigrants. ADVERTISEMENT In a Sept. 30 letter to Health and Human Services Secretary Sylvia Burwell, Covered California’s Executive Director Peter Lee said that the Affordable Care Act has been “tremendously successful” in the state and has cut the rate of uninsured in half. “While millions of Californians have benefitted from coverage purchased through the Covered California marketplace, certain individuals are...
  • Paris motorists to fund city's public transport system [France]

    10/01/2016 4:54:54 PM PDT · by Olog-hai · 5 replies
    TheLocal.fr ^ | 30 Sep 2016 11:04 GMT+02:00
    Motorists in the Île-de-France will be hit by a tax rise in order to finance the region's public transport, the government has confirmed. France’s finance bill, presented on Wednesday, authorizes the region to increase the regional fuel tax (TICPE) to up to 1.65 cents per liter on diesel, and 1.77 cents per liter on gas. This will make fuel taxes in Île-de-France the highest in the country. […] “We have no choice,” said a spokesperson for Valérie Pécresse, president of the region. “We have to do it; the accounts of the regional transport authority cannot be unbalanced.” …
  • 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 Freedom56v2 · 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.