Free Republic 2nd Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $21,388
26%  
Woo hoo!! And we're now over 26%!! Thank you all very much!! God bless.

Keyword: taxandspend

Brevity: Headers | « Text »
  • 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to bureaucrats, are at the center of a controversial attempt in Washington and state planning offices to overhaul the outdated system for funding America's major roads.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 — it’s 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 Obamacare’s 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 year’s Oscars, Hollywood’s 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 state’s 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 Obama’s ‘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? It’s 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 can’t 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 don’t 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 Detroit’s 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. Attorney’s Office
    Ronald Zajac, of Northville, Michigan, the general counsel of Detroit’s two pension funds, and Paul Stewart, of Detroit, Michigan, a former trustee of Detroit’s 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 we’re 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 Detroit’s bankruptcy be withdrawn. Aquilina said the 2012 Michigan law that allowed Gov. Rick Snyder to approve the city’s 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. “It’s also not honoring the president, who took [Detroit’s auto companies] out of bankruptcy.” bilde “I know he’s 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
    We’ve got another one, ya’ll. I thought Melissa Harris-Perry’s 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 he’s saying, or that he’s just straight-up lying through his teeth because there is literally no good way to spin Detroit’s 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 there’s 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...