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Keyword: taxandspend

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  • 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. Its amazing what you...
  • Governor: Colorado pot market exceeds tax hopes

    02/22/2014 5:11:33 AM PST · by Wolfie · 56 replies
    Associated Press ^ | 02/19/2014
    Governor: Colorado pot market exceeds tax hopes Denver -- Colorados legal marijuana market is far exceeding tax expectations, according to a budget proposal released Wednesday by Gov. John Hickenlooper that gives the first official estimate of how much the state expects to make from pot taxes. The proposal outlines plans to spend some $99 million next fiscal year on substance-abuse prevention, youth marijuana-use prevention and other priorities. The money would come from a state 12.9 percent sales tax on recreational pot. Colorados total pot sales next fiscal year were estimated to be about $610 million. Retail sales began Jan. 1...
  • Governor: Colorado pot market exceeds tax hopes

    02/20/2014 1:30:51 PM PST · by Olog-hai · 32 replies
    Associated Press ^ | Feb. 19, 2014 5:50 PM EST | Kristen Wyatt
    Colorados legal marijuana market is far exceeding tax expectations, according to a budget proposal released Wednesday by Gov. John Hickenlooper that gives the first official estimate of how much the state expects to make from pot taxes. The proposal outlines plans to spend some $99 million next fiscal year on substance abuse prevention, youth marijuana use prevention and other priorities. The money would come from a statewide 12.9 percent sales tax on recreational pot. Colorados total pot sales next fiscal year were estimated to be about $610 million. Retail sales began Jan. 1 in Colorado. Sales have been strong, though...
  • 5 Reasons Marijuana Should Remain Illegal

    01/21/2014 4:29:12 AM PST · by Kaslin · 172 replies
    Townhall.com ^ | January 21, 2014 | John Hawkins
    How did we end up in a world where Big Gulps are being banned in New York while the welcome mat for potheads is being rolled out in Colorado? How is it that cigarette smokers are pariahs, while people smoking weed are being cheered? This is despite the fact that potheads are almost universally recognized as unmotivated, low class, degenerate and, yes, smelly failures. Even the ones that get somewhere in life, like Barack Obama, usually turn out to be mediocrities. Moreover, we all recognize that smoking is a dirty habit that makes you die younger and while drinking...
  • Senate approves $1.1 trillion spending bill

    01/16/2014 3:47:32 PM PST · by SkyPilot · 36 replies
    Washington Post ^ | 16 Jan 14 | Lori Montgomery
    <p>Congress gave final approval Thursday to a $1.1 trillion spending bill that eases the sharp budget cuts known at the sequester and guarantees that the nation will not endure another government shutdown until at least Oct. 1.</p> <p>After three years of politically bruising and economically damaging battles over the budget, the bipartisan agreement to fund federal agencies through the rest of the fiscal year passed with little fanfare.</p>
  • Taxpayers doling out too much dough to control deer, critics charge.

    01/19/2014 7:46:14 AM PST · by ImJustAnotherOkie · 49 replies
    FoxNews.com ^ | January 18, 2014 | By Joshua Rhett Miller
    From New York to California, local governments are spending taxpayer dollars to sterilize female deer, but critics say the approach is a misguided, ineffective and incredibly expensive approach to thinning out the herds that has become a suburban scourge. While some communities have used lethal means to curb the exploding population of deer, which roam backyards, destroy gardens and wander into traffic, others have taken what they see as a more humane approach tranquilizing female deer and removing their ovaries. Average costs are about $1,200 per deer, according to a 2011 report by the New York State Department of...
  • The next Detroit? Atlantic City and Las Vegas facing catastrophic collapse

    12/22/2013 4:40:30 PM PST · by RKBA Democrat · 80 replies
    MyFox NY ^ | 12-22-13 | Israel Joffe
    With the closure of the recent Atlantic Club Casino Hotel, rumors of the bankrupt Revel being sold to Hard Rock, Las Vegas real estate prices remaining depressed, casinos opening up all around the country and online gambling legislation underway in various states, it seems as if the reasons for the very existence of Atlantic City and Las Vegas are in serious jeopardy. Beginning in the late 1940s, Las Vegas became known as the 'adult playground of the world.' Celebrities knew they made the big time when their names graced the billboards of Sin City. Gamblers hoping to make money would...
  • The Hidden Obamacare Taxes That Will Crush The Middle Class(news 4 those who chose not to read bill)

    11/14/2013 11:06:18 AM PST · by bestintxas · 31 replies
    moneymorning ^ | 11/14/13
    Get ready to be blindsided by a barrage of new taxes. $1 trillion worth... They'll be coming courtesy of the Affordable Care Act, otherwise known as Obamacare. And they won't just be affecting those who make over $250,000. The bulk of these taxes will be passed on directly to the middle class. That's because while a majority of these "stealth taxes" were designed to be taxes on businesses, they're actually transferred directly to ordinary citizens. They include the investment income surtax, a Medicare payroll tax, even a "tanning tax" on those who utilize indoor tanning services. "Many of those [hidden]...
  • Cincinnati Must Face the Crisis that Sealed Detroits Fate

    11/02/2013 4:16:53 AM PDT · by Kaslin · 86 replies
    Townhall.com ^ | November 2, 2013 | Ken Blackwell
    Editor's Note: This column was co-authored by Prof. Richard Vedder, the Distinguished Professor of Economics Emeritus at Ohio University. Cincinnati and Detroit are separated by barely more than 250 miles a five-hour drive at worst, or under an hour by plane. Despite this proximity, many Cincinnatians would prefer to believe that Detroits horrendous fiscal situation couldnt possibly hit their city. Not so fast. As the largest bankrupt city in America, Detroit has seen its population drop by more than half, unemployment soar to well over double the national average, and services decline. This is what happens to a locality...
  • Signs of the time: Political squabbling erupts over campaign 'Stop' signs

    10/29/2013 6:29:21 AM PDT · by Puppage · 9 replies
    Fairfield Citizen ^ | October 28, 2013
    The chairman of the Democratic Town Committee has asked police to put a halt to Republican campaign signs shaped like stop signs posted along local streets. Ellery Plotkin filed a complaint with the Police Department Monday morning about the octagonal GOP signs that urge voters to "STOP Raising Taxes Vote Republican." Police Sgt. Suzanne Lussier, the department spokeswoman, said six of the GOP signs were removed by officers after their placement was deemed to violate state rules or created a traffic hazard. "From here on out, it will be referred to the (Republican Town Committee) or the (Democratic Town Committee)...
  • A black box in your car? Some see a source of tax revenue

    10/27/2013 5:45:21 AM PDT · by Oldeconomybuyer · 105 replies
    Los Angeles Times ^ | October 26, 2013 | By Evan Halper
    WASHINGTON As America's road planners struggle to find the cash to mend a crumbling highway system, many are beginning to see a solution in a little black box that fits neatly by the dashboard of your car. The devices, which track every mile a motorist drives and transmit that information to bureaucrats, are at the center of a controversial attempt in Washington and state planning offices to overhaul the outdated system for funding America's major roads.
  • 15 Years Later, Where Did All The Cigarette Money Go?

    10/14/2013 10:32:10 AM PDT · by nickcarraway · 48 replies
    NPR ^ | October 13, 2013
    Fifteen years after tobacco companies agreed to pay billions of dollars in fines in what is still the largest civil litigation settlement in U.S. history, it's unclear how state governments are using much of that money. So far tobacco companies have paid more than $100 billion to state governments as part of the 25-year, $246 billion settlement. Among many state governments receiving money, Orange County, Calif., is an outlier. Voters mandated that 80 percent of money from tobacco companies be spent on smoking-related programs, like a cessation class taught in the basement of Anaheim Regional Medical Center. "So go ahead...
  • GOP: Democrats' request for higher spending hurting deal chances

    10/14/2013 6:33:02 AM PDT · by Hoodat · 19 replies
    Bradenton Herald (from McClatchy) ^ | Oct 13, 2013 | Anita Kumar and William Douglas
    WASHINGTON Several Republican senators said Sunday a Democratic request to increase government spending is hurting chances of a deal to end the 13-day-old shutdown. Leaders of the Democratic-led Senate were dismissive of a proposal Saturday, in part, because it kept in place for too long the automatic spending cuts that went into effect earlier this year. Another round of those decade-long cuts -- dubbed the sequester and approved by Congress and the White House in 2011 -- is expected in January. The Republican complaints came as Senate Majority Leader Harry Reid, D-Nev., and Minority Leader Mitch McConnell, R-Ky., spoke...
  • By the way, the DNC is broke

    10/01/2013 9:56:59 AM PDT · by SeekAndFind · 30 replies
    Hotair ^ | 10/01/2013 | Guy Benson
    This story is just perfect — particularly in light of the party’s endemic debt denialism, and the personal financial straits of its chairwoman: There’s another budget crisis in Washington, and it’s unfolding inside the Democratic party. The Democratic National Committee remains so deeply in the hole from spending in the last election that it is struggling to pay its own vendors.It is a highly unusual state of affairs for a national party — especially one that can deploy the President as its fundraiser-in-chief – and it speaks to the quiet but serious organizational problems the party has yet to address...
  • Obama on Obamacare: We did raise taxes on some things. (Duck You Suckers)

    09/25/2013 12:14:57 PM PDT · by yoe · 22 replies
    Americans for Tax Reform ^ | September, 25, 2013 | John Kartch
    During his Tuesday remarks at the Clinton Global Initiative, President Obama admitted that his health care law raises taxes: So what we did its paid for by a combination of things. We did raise taxes on some things. Some things is an understatement. Below is just a partial list of Obamacares new or higher taxes on Americans: Starting in tax year 2013: Obamacare Medical Device Tax: Medical device manufacturers employ 409,000 people in 12,000 plants across the country. Obamacare imposes a new 2.3 percent excise tax on gross sales even if the company does not earn a profit...
  • Obama calls Boehner, says he won't negotiate on debt limit

    09/20/2013 5:45:03 PM PDT · by jimbo123 · 65 replies
    CNBC ^ | 9/20/13 | CNBC
    President Obama called House Speaker John Boehner Friday night, saying that he won't negotiate on the debt limit.
  • L.A. Mayor Declares State of Emergency As Movie, TV Production Flees Hollywood

    08/26/2013 6:26:34 PM PDT · by Nachum · 57 replies
    Variety ^ | 8/26/13 | Ted Johnson
    Los Angeles new mayor has vowed to help stanch the flow of film and TV production jobs out of Hollywood, starting with the appointment of a film czar at City Hall. But to make a real difference, Eric Garcetti needs to convince skeptical state pols to combat the lure of rich tax incentives from outside California. Two days after this years Oscars, Hollywoods councilman Eric Garcetti, then running for mayor of Los Angeles, staged a media event at Sunset Gower Studios. Only a smattering of reporters and photographers showed up, perhaps because the gathering was to address runaway production, a...
  • Only in California: State Taxes the Tax Break They Gave Years Ago

    08/22/2013 12:02:33 PM PDT · by Kaslin · 26 replies
    Townhall.com ^ | August 22, 2013 | Michael Schaus
    California handed out over $120 million in tax credits and incentives for specific small business startups over the past five years. And now, like a child on a playground, the states Franchise Tax Board is asking for all that money back. Over 2,000 small businesses are now being levied with hefty tax bills some as high as $250,000 for having taken advantage of a duly passed tax incentive program. State Senator Ted Lieu, D-Redondo Beach, said [Businesses] relied on California law as it was written, that they would get a tax break if they invested in certain kinds...
  • Greta Van Susteren furious over Obamas staged golf photo

    08/13/2013 6:26:09 AM PDT · by theruleshavechanged · 68 replies
    Washington Examiner ^ | Tuesday, August 13 | Charlie Spiering
    Why would the president do this for the cameras? Its one thing to take a vacation but is this pose shoving it down the throats of the American people? she asked. Many are out of work. They cant afford to spend the day working on their golf game in one of the most expensive places to vacation. Is this what leadership looks like?
  • Report: Tobacco tax hikes dont pay

    08/05/2013 8:48:34 AM PDT · by rktman · 14 replies
    The Daily Caller ^ | 8/4/2013 | Sarah Hurtubise
    Cigarette taxes turn a frowned-upon habit into a popular revenue source. But a recent study found that cigarette taxes often lead to other tax hikes later. The National Taxpayers Union found a 70 percent chance that the so-called sin taxes will not produce the expected revenue, as people buy fewer packs. The taxpayer advocate organization reported that from 2007 to 2011, 25 of 37 cigarette tax increases were joined by other new tax hikes within two years.
  • Newport Beach, CA pays lifeguards $200K per year (Can Munis Survive?)

    07/29/2013 11:36:26 AM PDT · by Titus-Maximus · 15 replies
    Inside Edition: Newport Beach Lifeguards Make $200,000 and Can Retire at Age 50 The popular TV show Inside Edition does an expose on lifeguard compensation in Newport Beach, California: (Video)
  • After Detroit, who's next? [Oakland, Philly..]

    07/23/2013 6:59:54 PM PDT · by kevcol · 22 replies
    Yahoo Finance (WSJ) ^ | July 22, 2013 | WSJ
    Take Oakland, which is Detroit's doppelganger on the West Coast. The run-down Bay Area city, which has the highest crime rate in California, recently laid off more than 100 police to fund retirement benefits and pension-obligation bonds. Murders and robberies shot up by nearly 25% last year. To avert steeper cuts, the city borrowed an additional $210 million to finance pensions. . . Philadelphia is spending about 20% of its budget on pensions to make up for years of short-changing the system.
  • GC of Detroits Pension Funds, Former Pension Fund Trustee, Indicted in Bribery Conspiracy

    07/22/2013 1:02:29 PM PDT · by Lorianne · 13 replies
    FBI ^ | 20 March 2013 | U.S. Attorneys Office
    Ronald Zajac, of Northville, Michigan, the general counsel of Detroits two pension funds, and Paul Stewart, of Detroit, Michigan, a former trustee of Detroits Police and Fire Retirement System, were both charged today in a superseding indictment with participating in a bribery and kickback conspiracy involving over $200 million in investments before the two city of Detroit pension funds United States Attorney Barbara L. McQuade announced today. McQuade was joined in the announcement by FBI Special Agent in Charge Robert D. Foley, III. Zajac and Stewart were added as defendants in a superseding indictment that had already charged former city...
  • Detroit Mayor Bing: "More than 100 urban U.S. cities are having the same problems were having"

    07/21/2013 4:06:21 PM PDT · by whitedog57 · 51 replies
    Confounded Interest ^ | 07/21/2013 | Anthony B. Sanders
    Ingham County Circuit Court Judge Rosemarie Aquilina ordered on Friday that Detroits bankruptcy be withdrawn. Aquilina said the 2012 Michigan law that allowed Gov. Rick Snyder to approve the citys bankruptcy filing, the largest municipal bankruptcy filing ever in the United States, violates the Michigan Constitution. Specifically, Article IX Section 24, which holds that pension plans and retirement systems shall not be diminished or impaired. Aquilina said that she will ensure that President Barack Obama gets a copy of her order. Its also not honoring the president, who took [Detroits auto companies] out of bankruptcy. bilde I know hes watching...
  • Ed Schultz: Thanks to a lot of Republican policies, [Detroit] is now filing for bankruptcy

    07/21/2013 1:01:35 PM PDT · by Justaham · 79 replies
    hotair.com ^ | 7/21/13 | Erika Johnsen
    Weve got another one, yall. I thought Melissa Harris-Perrys utterly illogical talking point about Detroit serving as an example of what Republicans would impose on us was bad, but this Do you think that maybe he actually believes what hes saying, or that hes just straight-up lying through his teeth because there is literally no good way to spin Detroits fiscal collapse as anything other than the inevitable conclusion of a total progressive utopia without peddling outright falsehoods? Because, according to Mr. Schultz and stay with him here, because theres a good chance you might not have realized this...
  • Detroit. Bankrupt (Because Democrats didn't have the guts to say "No" to their largest voting bloc)

    07/19/2013 7:44:27 AM PDT · by SeekAndFind · 49 replies
    Townhall ^ | 07/19/2013 | Rich Galen
    The City of Detroit filed for bankruptcy yesterday afternoon. It owes as much as $20 billion, and there is no conceivable way that debt will ever be paid. The city offered its debtors 10 cents on the dollar, but the debtors refused. A good deal of the blame -- rightly or wrongly -- will be placed at the feet of municipal workers -- sanitation, water, sewer, cops, firefighters and so on. The pressure of ever-rising wages for no additional work, leading to ever-rising pension costs, plus ever-increasing benefits and ever more closely defined work rules will likely be found at...
  • [NY Times Editorial] The Decline of North Carolina

    07/10/2013 5:42:47 AM PDT · by Zakeet · 54 replies
    New York Times ^ | July 9, 2013
    Every Monday since April, thousands of North Carolina residents have gathered at the State Capitol to protest the grotesque damage that a new Republican majority has been doing to a tradition of caring for the least fortunate. Nearly 700 people have been arrested in the Moral Monday demonstrations, as they are known. But the bad news keeps on coming from the Legislature, and pretty soon a single day of the week may not be enough to contain the outrage. In January, after the election of Pat McCrory as governor, Republicans took control of both the executive and legislative branches for...
  • The 5th Largest City in US is Effectively Bankrupt

    04/19/2013 9:55:16 AM PDT · by SeekAndFind · 52 replies
    Townhall ^ | 04/18/2013 | Mike Shedlock
    You know a city is in deep trouble when its mayor invites Wall Street but not the press and not private citizens to a closed meeting to discuss the future, including a sell-off of city assets. Philadelphia Mayor Michael Nutter, whose municipality has the lowest credit rating of the five most-populous U.S. cities, did just that. My translation: Philadelphia is bankrupt. However, that easily discernible fact will of course be denied until it officially happens. Please consider Philadelphia Holds Closed Meeting With Wall StreetPhiladelphia Mayor Michael Nutter, whose municipality has the lowest credit rating of the five most-populous U.S. cities,...
  • EU commission asks for 11 billion to plug budget gap

    03/28/2013 11:28:37 AM PDT · by Olog-hai · 1 replies
    EU Observer ^ | 03/28/2013 @ 09:29 | Benjamin Fox
    An extra 11.2 billion ($14.4 billion) is needed to cover unpaid bills from the EU budget, the European Commission said on Wednesday (March 27). Budget commissioner Janusz Lewandowski said he tabled the amending budget in a bid to plug gaps in the 2012 and 2013 spending plans. The request for cash cannot come as a surprise, he said, adding that earlier postponement of payments had created a snowballing effect of unpaid claims transferred onto the following year.
  • Senate Dem budget includes nearly $1 trillion in new taxes

    03/12/2013 1:15:05 PM PDT · by SeekAndFind · 17 replies
    The Hill ^ | 03/12/2013 | Erik Wasson
    The first budget from Senate Democrats in four years includes nearly $1 trillion in new taxes but would not balance the budget. The blueprint unveiled by Senate Budget Committee Chairwoman Patty Murray (D-Wash.) on Tuesday to her Democratic colleagues would also turn off the next nine years of the sequester and replace those spending cuts with a 50-50 mix of tax increases and spending cuts. The budget would dedicate $100 billion to economic stimulus in the form of infrastructure spending and job training. Murray argues that her budget cuts $1.85 trillion from deficits over 10 years. But once the sequester...
  • Senate Democrat budget 'blueprint' includes $1T in new taxes

    03/12/2013 12:39:20 PM PDT · by pacificpundit · 18 replies
    The Hill ^ | 3/12/13 | Erik Wasson
    The first budget from Senate Democrats in four years includes nearly $1 trillion in new taxes but would not balance the budget. The blueprint unveiled by Senate Budget Committee Chairwoman Patty Murray (D-Wash.) on Tuesday to her Democratic colleagues would also turn off the next nine years of the sequester and replace those spending cuts with a 50-50 mix of tax increases and spending cuts. The budget would dedicate $100 billion to economic stimulus in the form of infrastructure spending and job training.
  • National Debt Has Risen $5 Trillion Since The Senate Last Passed A Budget in 2009

    03/12/2013 10:43:35 AM PDT · by lbryce · 7 replies
    Investors' Business Daily ^ | March 12, 2013 | Staff
  • Email tells feds to make sequester as painful as promised [Mainstream Media Ignores]

    03/05/2013 11:18:52 AM PST · by SoFloFreeper · 54 replies
    Washington Times ^ | 3/5/13 | Stephen Dinan
    The Obama administration denied an appeal for flexibility in lessening the sequesters effects, with an email this week appearing to show officials in Washington that because they already had promised the cuts would be devastating, they now have to follow through on that. In the email sent Monday by Charles Brown, an official with the Animal and Plant Health Inspection Service office in Raleigh, N.C., Mr. Brown asked if there was any latitude in how to spread the sequester cuts across the region to lessen the impacts on fish inspections. He said he was discouraged by officials in Washington, who...
  • Rep. Jackson Lee warns against more spending cuts: 'We're at the bone almost'

    02/13/2013 9:49:18 AM PST · by BradtotheBone · 39 replies
    The Hill ^ | 02/13/13 11:16 AM ET | Pete Kasperowicz
    Rep. Sheila Jackson Lee (D-Texas) urged her colleagues to reach a compromise to prevent spending cuts through sequestration, arguing that government programs are already as lean as they can be. "We're at the bone almost, and sequester, that is across-the-board cuts, will literally destroy us and put us in a recession," she said on the House floor Wednesday. She called on Republicans to meet Democrats at the negotiating table and rejected the idea that President Obama delivered a partisan State of the Union address Tuesday night. "May I ask them to take some cotton out of their ears, because in...
  • Steny Hoyer: We Don't Have a "Spending" Problem; We Have a "Paying for" Problem

    02/12/2013 5:12:16 PM PST · by Kaslin · 7 replies
    Ruah Limbaugh.com ^ | February 12, 2013 | Rush Limbaugh
    p>BEGIN TRANSCRIPT RUSH: Yesterday, ladies and gentlemen, right here on this program, we had a sound bite for you. It was Nancy Pelosi saying, "We don't have a spending problem." She said we have a budget deficit problem. I intended to make a point about this yesterday. As we do almost every day on this program, I had a call or I brought the subject up myself about my optimism, about how, at some point all of this is gonna bottom out and we're gonna rebound. And I've been honest with you about that optimism. I don't know what or...
  • The 'pyramid' problem with Gov. Dayton's sales-tax hike

    02/03/2013 8:01:52 AM PST · by TurboZamboni · 6 replies
    pioneer press ^ | 1-27-13 | john spry
    Gov. Mark Dayton wants to tax the sale of food, clothing, and just about everything else you buy in the worst possible way. His budget proposes a $2.1 billion, or 20.7 percent, sales tax increase. Since everyone pays sales tax, everyone will pay Dayton's sales tax increase. But it's worse than that. Dayton's tax plan violates the basic principles of tax reform. It intensifies the pain of taxation by imposing hidden taxes on intermediate business purchases. This causes "tax pyramiding," which is a big mistake. According to non-partisan legislative researchers, "Standard tax policy principles argue that intermediate business purchases should...
  • Illinois credit rating downgraded; state drops to worst in the nation

    01/26/2013 9:47:57 AM PST · by Perdogg · 25 replies
    Illinois credit rating has taken another hit. Standard & Poors Ratings Service downgraded the state from an A rating to A-minus, making it the worst in the country.
  • (Former Prez) Sarkozy's plans 'to dodge new 75% French tax rate by moving to London

    01/22/2013 11:47:59 PM PST · by Lancey Howard · 27 replies
    Mail Online (UK) ^ | January 22, 2013 | Peter Allen In Paris
    Suddenly a handshake from David Cameron probably seems an awful lot more inviting. Former president Nicolas Sarkozy could become the next wealthy Frenchman to flee to Britain over his countrys looming tax hikes on the rich. Mr Sarkozy who famously snubbed the Prime Ministers attempt to shake his hand after Mr Cameron vetoed changes to the EU treaty in 2011 is reportedly planning to move to London to set up a 800million investment fund. The 57-year-old, who was ousted from office last June, has amassed a fortune from 150,000-an-hour public speaking engagements and is now said to be...
  • Candy, butts, soda, water: Gov's latest tax targets

    01/23/2013 12:43:09 PM PST · by massmike · 10 replies
    http://bostonherald.com ^ | 01/23/2013 | Chris Cassidy
    Candy, soda, tobacco, and bottles of water and sports drinks are all in Gov. Deval Patrick's crosshairs as he announced another $2 billion tax wish list in his $34.8 billion proposed fiscal 2014 budget at the State House this afternoon. Among the tax highlights: The cigarette excise tax would be hiked by $1 to $3.51 per pack. Taxes on cigars and smokeless tobacco would also increase. The state would essentially expand the bottle bill to include water bottles and sports drinks on deposits. Candy and soda would no longer be exempt from the state sales tax. Patrick last week proposed...
  • Top Dem promises to pass budget but only to raise taxes

    01/21/2013 5:30:00 AM PST · by bestintxas · 8 replies
    wash examiner ^ | 1/20/13
    Byron York Chief Political Correspondent The Washington Examiner @ByronYork Popular in PoliticsUtah sheriffs warn Obama of deadly war over guns Newsweek: Obama is 'The Second Coming' Top Dem promises to pass budget but only to raise taxes Lupe Fiasco gets booted from inaugural event after rapping anti-Obama song Chuck Schumer: GOP has to back tax increases to get a budget In recent days Republicans have had some success pointing out that it will soon be four years since Senate Democrats have allowed Congress to pass a budget something the Congressional Budget Act requires lawmakers to do each year....
  • Golfer Phil Mickelson May Call It Quits Due To Climbing Tax Rates

    01/21/2013 5:12:50 AM PST · by tellw · 51 replies
    Forbes ^ | 1/21/2013 | Tony Nitti, Contributor
    Word is, Phil Mickelson is mad as hell about rising tax rates, and hes not going to take it anymore. What follows is a brief portion of an interview Mickelson gave earlier today after carding a final-round 66 at the Palmer Course at PGA West in La Quinta which I assure you, is not associated with the La Quinta next door to your local Dennys in which the golfer hinted that he is considering drastic career changes because of a combined tax rate nearing 62, 63 percent:
  • Americans feel austerity's bite as payroll taxes rise

    01/12/2013 6:55:46 AM PST · by mdittmar · 24 replies
    Reuters ^ | Jan 12, 2013 | Jason Lange
    (Reuters) - Americans are beginning to feel the pinch from Washington's decision to embrace austerity measures aimed at bringing down the nation's budget deficit. Paychecks across the country have shrunk over the last week due to higher federal tax rates, and workers are already cutting back on spending, which will drag on the economy this year.
  • Millions noticing paychecks lighter today, due to payroll tax hike

    01/11/2013 6:21:03 PM PST · by RoosterRedux · 33 replies
    FoxNews.com ^ | 1/11/2013 | Joshua Rhett Miller
    Gabriella Hoffmans paycheck is a little lighter today, thanks to a payroll tax increase that is forcing millions of Americans to make the kind of tough budget cuts their representatives in Washington lawmakers seem unwilling to tackle. Hoffman, a 21-year-old Virginian who works at a nonprofit, estimates her paycheck will be roughly $30 less this biweekly pay period, or about $780 annually, thanks to the end of a two-year cut on payroll taxes, which fund Social Security. The tax has risen back up to 6.2 percent from 4.2 percent, costing someone making $50,000 annually about $1,000 per year and a...
  • Hey Obots: How Do You Like Obama's Higher Taxes on The Middle Class???

    01/08/2013 9:33:17 AM PST · by NOBO2012 · 7 replies
    Michelle Obama's Mirror ^ | 1-8-2013 | MOTUS
    Ouch! Nothing hurts quite as much as kicking yourself in the shin. It looks like low information voters across America are waking up from the personality party theyve been at for the past few years to discover that not only do their shiny Obama-bucks not go as far as they use to, butt now theyre taking fewer of those bucks home.Man, who could have seen that coming? I mean, shoot(am I still allowed to say that?), read Big Guys lips. He promised, remember?(snip)READ MY LIPS: NO MORE TAXES! And yet people across the country not just wealthy Republicans ...
  • Hilarious: Obama Voters Furious About Tax Hikes

    01/07/2013 7:28:58 PM PST · by Beave Meister · 32 replies
    Independent Journal Review ^ | 1/7/2013 | Kyle Becker
    Democrat voters received a dose of economic reality after their New Years hangovers wore off, when they looked down at their 2013 paystubs and saw not Obama bucks, but higher federal taxes. How misplaced was their trust in re-electing defender of the middle class tax-raiser President Obama? Workers making $30,000 will take a bigger hit on their pay than those earning $500,000 under the fiscal cliff deal. And Democrats are seeking $1 trillion more in tax revenue by the end of this year. Now, its not nice to laugh at other peoples shock and surprise, but this is about as...
  • Workers making $30,000 will take a bigger hit on their pay than those earning $500,000 under

    01/04/2013 12:26:55 PM PST · by lowbridge · 34 replies
    http://www.dailymail.co.uk ^ | january 3, 2013 | hayley peterson
    Middle-class workers will take a bigger hit to their income proportionately than those earning between $200,000 and $500,000 under the new fiscal cliff deal, according to the nonpartisan Tax Policy Center. Earners in the latter group will pay an average 1.3 percent more - or an additional $2,711 - in taxes this year, while workers making between $30,000 and $200,000 will see their paychecks shrink by as much as 1.7 percent - or up to $1,784 - the D.C.-based think tank reported. Overall, nearly 80 percent of households will pay more money to the federal government as a result of...
  • Obama Orders Raise for Biden, Members of Congress, Federal Workers

    12/28/2012 10:45:48 AM PST · by ColdOne · 43 replies
    weeklystandard.com ^ | 12/28/12 | DANIEL HALPER
    President Barack Obama issued an executive order to end the pay freeze on federal employees, in effect giving some federal workers a raise. One federal worker now to receive a pay increase is Vice President Joe Biden. According to disclosure forms, Biden made a cool $225,521 last year. After the pay increase, he'll now make $231,900 per year. Members of Congress, from the House and Senate, also will receive a little bump, as their annual salary will go from $174,000 to 174,900. Leadership in Congress, including the speaker of the House, will likewise get an increase.
  • Teachers Pensions Are a Half-Trillion Short

    12/15/2012 4:14:14 PM PST · by Libloather · 39 replies
    National Review ^ | 12/14/12 | Kevin D. Williamson
    Teachers Pensions Are a Half-Trillion ShortBy Kevin D. Williamson December 14, 2012 11:15 A.M. The habitual overpromising and underfunding of government-employee pensions is a fiscal powder keg in an economy full of sparks and a new report estimates that teachers pensions alone are underfunded by nearly a half-trillion dollars. **SNIP** Note that the savings per teacher derived from the reform of eligibility rules runs $450,000, or more than two and a half times the average net worth of a retirement-age U.S. household. The real value of the average teachers retirement benefits in low-cost Wyoming is pushing the $1 million...
  • Boehner: If Obama Won't Cut Spending, Then No Deal (vudeo)

    12/13/2012 12:06:08 PM PST · by Ernest_at_the_Beach · 35 replies
    live.wsj.com ^ | 12/13/2012 1:03:11 PM0:25
    See Link