Keyword: taxandspend

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  • 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."
  • 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...