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Keyword: taxation

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  • Obama proposing $10 a barrel tax on oil to pay for transportation programs

    02/04/2016 1:08:18 PM PST · by AngelesCrestHighway · 58 replies
    MarketWatch ^ | 02/04/16 | Robert Schroeder
    President Barack Obama will propose a $10 a barrel tax on oil to pay for transporation programs, reports said Thursday. The proposed tax would help pay for projects to encourage mass transit, high-speed rail and self-driving cars, Politico reported. The proposal is due to be included in Obama's final budget request next week. The Republican-controlled Congress is likely to harshly criticize Obama's plan, which comes in the midst of an election year.
  • U.S. top court rejects new challenge to Obamacare

    01/19/2016 7:39:18 AM PST · by Tolerance Sucks Rocks · 19 replies
    Reuters ^ | January 19, 2016 | Lawrence Hurley
    The U.S. Supreme Court, which delivered major rulings in 2012 and 2015 preserving President Barack Obama's signature healthcare law, on Tuesday declined to take up a new, long-shot challenge to Obamacare brought by an Iowa artist. The court turned away an appeal by Matt Sissel, who had asserted that the 2010 Affordable Care Act violated the U.S. Constitution's requirement that revenue-raising legislation must originate in the House of Representatives, not in the Senate, as the healthcare law did.
  • Trump Threatens 35% Tax on Ford if Mexico Operations Expand

    12/26/2015 9:13:54 AM PST · by ScottWalkerForPresident2016 · 396 replies
    Mustang 360 ^ | 12/23/2015 | John Gilbert
    It was the Detroit News headline "Trump goes after Ford Motor Co." not how long Hillary went overtime in the restroom that got our attention. Donald Trump made a whistle stop outside Grand Rapids, Michigan to take aim at Ford’s plans to expand production in Mexico. Trump promised if elected he would threaten manufacturers with big tariffs on imports to discourage building manufacturing plants south of the border. Trump to Ford, "If you build that plant in Mexico, I’m going to charge you 35 percent on every car, truck part that you send into our country," he said. "Every single...
  • Albertas Oil Companies Warn Government On Taxes

    09/07/2015 8:35:49 AM PDT · by bananaman22 · 2 replies
    Oilprice.com ^ | 09-07-2015 | T.a.x
    Big oil is taking no chances with the outcome of Albertas royalty review currently underway. In 2007, the industry was surprised when royalties were jacked up despite dozens of corporate presentations to the royalty review panel warning of the fragility of investment economics and the damage increased royalties would cause. Therefore producers and others with significant vested interest have already started the lobbying process. Such is the case with Canadian Natural Resources Limited (CNRL) which made a slide presentation to the new NDP Alberta government on August 20. The industry has obviously learned never to assume politicians actually understand what...
  • Study: Hennepin County ignored some child abuse reports

    07/01/2015 6:44:12 AM PDT · by TurboZamboni · 2 replies
    AP ^ | 6-26-15 | AP
    MINNEAPOLIS (AP) -- The child protection agency in Hennepin County has been ignoring reports of child abuse to ease its caseload and control its budget, according to a national child welfare group. The group, Casey Family Programs, studied the county's system for months and presented the findings of a report released last week to the Hennepin County board on Thursday. Casey Family Programs director Dee Wilson also told the board that child protection workers commonly screened out abuse reports, which means families weren't visited and services weren't offered, the Star Tribune ( http://strib.mn/1IhwPjh ) reported. Additionally, neglect cases are looked...
  • Senator: Popes Words Will Be Used To Justify Largest Tax Increase In History

    06/19/2015 12:42:02 PM PDT · by ebb tide · 62 replies
    The Daily Caller ^ | June 18, 2015 | Michael Bastasch
    While the Obama administration and environmentalists celebrate Pope Francis encyclical on global warming, Sen. Jim Inhofe is warning the popes views on the subject could be used by the left to enact the biggest tax increase in U.S. history. I disagree with the popes philosophy on global warming, the Oklahoma Republican said in a statement. I am concerned that his encyclical will be used by global warming alarmists to advocate for policies that will equate to the largest, most regressive tax increase in our nations history. Franciss encyclical, called Laudato Si, calls for reducing fossil fuel use and increasing green...
  • Let Our Cities Move (by Bill DeBlasio and Mick Cornett)

    05/13/2015 10:46:59 AM PDT · by Tolerance Sucks Rocks · 16 replies
    The New York Times ^ | May 13, 2015 | Bill DeBlasio and Mick Cornett
    EVERY day, millions of Americans rely on a remarkable network of roads, bridges, subways, trains and buses to connect us to work, school and opportunity. But our transportation system, once the envy of the world, is in jeopardy. In New York City, subways and buses are overcrowded and often unreliable, and roadways and bridges are in dire need of repair and rehabilitation. From the next phase of the Second Avenue subway to plans to connect the Metro-North Railroad to Pennsylvania Station, to the proposed new subway line under Utica Avenue in Brooklyn, there isnt a short- or long-term expansion project...
  • HSBC looks at moving HQ from Britain as tax and regulations bite (also Dont leave EU!)

    04/25/2015 8:46:51 AM PDT · by Olog-hai · 2 replies
    Reuters ^ | Fri Apr 24, 2015 11:34pm BST | Steve Slater and Sinad Cruise
    HSBC, Europes biggest bank, has ordered a review into whether it should move its headquarters out of Britain and potentially back to its former home in Hong Kong, threatening Londons reputation as a global hub for finance and investment. The announcement from HSBC, founded in Asia but a key part of the British establishment, prompted a warm response from Hong Kong, where it is revered as The Bank, and silence from the British government. The commitment to the review comes less than two weeks before British parliamentary elections on May 7 and poses challenges for both Prime Minister David Cameron...
  • Internet sales tax bill re-introduced in Senate

    03/10/2015 8:30:40 PM PDT · by PROCON · 39 replies
    washingtonexaminer.com ^ | March 10, 2015 | Sean Higgins
    A bipartisan group of senators reintroduced legislation Tuesday to apply sales taxes to all Internet purchases, long a goal of state and local governments as well as traditional "bricks and mortar" retailers. The legislation would require online merchants to collect and remit sales taxes to the local authorities where the purchaser lives. Similar legislation easily passed the Senate, 69-27, last Congress, but stalled in House due to opposition from the Republican leadership. Passage in the Senate is less likely this time since Sen. Mitch McConnell, R-Ky., an opponent of the legislation, is now majority leader. Proponents nevertheless believe they can...
  • Farmer Brothers another company driven out of California by high costs: Jon Coupal

    02/18/2015 9:15:56 AM PST · by EveningStar · 26 replies
    Inland Valley Daily Bulletin ^ | February 17, 2015 | Jon Coupal
    In the 1930s, tens of thousands of farmers, mostly from Oklahoma, fled the Dust Bowl for California with hopes of a better life. Today it is ironic that Californias Farmers (Farmer Brothers coffee company, that is) has announced that it is fleeing our state for a less expensive destination that includes Oklahoma on the short list. Any humor, however, will no doubt be lost on the 350 employees who are about to lose their South Bay jobs paying $40,000 to $80,000. Farmer Brothers, a fixture in California for more than 100 years, is just another of a long list of...
  • Obama budget would fund public works program with tax on overseas profits

    02/02/2015 4:41:26 AM PST · by DBCJR · 12 replies
    Washingon Post ^ | February 2 at 6:01 AM | Steven Mufson and Ed O'Keefe
    President Obama will unveil a $4 trillion budget Monday, featuring an ambitious public works program, a one-time tax on foreign profits kept overseas by corporations, tax credits for middle-class Americans, and a 1.3 percent pay raise for federal employees and troops. The massive document is a blueprint for what Obama has been calling middle-class economics, but congressional Republicans are likely to view it merely as the presidents opening bid in a contentious process designed to forge a tax and spending plan for the new fiscal year.
  • Obama to call for new tax increases in State of the Union address

    01/18/2015 8:04:18 AM PST · by EagleUSA · 36 replies
    Fox News Politics ^ | 1/18/2015 | Fox News
    President Obama plans to call for billions in tax increases on top earners including a hike in investment tax rates -- in order to fund new tax credits and other measures the White House claims will help the middle class. The president's proposals, which also include eliminating a tax break on inheritances, are likely to be cheered by the Democratic Party's liberal base when they are announced Tuesday night in his State of the Union address. However, the tax increases are all but certain to be non-starters with the new Republican majority on Capitol Hill. The president's address --...
  • Momentum builds in Congress for raising the federal gas tax - "in thoughtful way"

    01/09/2015 4:13:04 AM PST · by Cincinatus' Wife · 38 replies
    The Hill ^ | January 9, 2015 | Laura Barron-Lopez and Keith Laing
    Record-low gas prices across the U.S. have given rise to fresh talk in Washington of raising the federal gas tax for the first time in over 20 years, with leading Republicans now saying a hike must not be ruled out. The GOP has long resisted calls from business leaders and others to boost the 18.4 cent-per-gallon tax as a way pay for upgrades to the nation’s crumbling roads and bridges. Yet in recent days, senior Senate Republicans have said they want to keep options open and that "nothing is off the table" when weighing the best mechanisms to pay to...
  • Tobacco and Firearms. Gifts that keep on giving to the left. (Vanity/Opinion)

    01/02/2015 4:46:16 AM PST · by Enterprise · 4 replies
    Free Republic ^ | 1/2/2015 | Enterprise
    Tobacco and Firearms. Gifts that keep on giving to the left. (Vanity/Opinion) Lets use the historic fight against Big Tobacco as a backdrop for the Eric Garner case. Many of us are familiar with the history of the lefts crusade against Big Tobacco. There were epic Congressional and Judicial battles to prove that Big Tobacco lied about the effects of cigarettes. Then followed lawsuits against Big Tobacco which extorted vast transfers of wealth from Big Tobacco to the Government. The hatred of the left to Big Tobacco compared only to the hatred of Kahn to Captain Kirk.
  • Since when was health care reform authored in the House?

    10/31/2014 6:42:55 PM PDT · by right-wing agnostic · 44 replies
    The Volokh Conspiracy ^ | October 31, 2014 | Jonathan H. Adler
    If youre trying to convince the Supreme Court not to grant certiorari in a high-profile case, I suspect that publishing an op-ed in the Washington Post on the day the Court is scheduled to consider the petition is not the best strategy. I also suspect that it would be a good idea to ensure than such op-ed not include blatant falsehoods. It would be one thing for such an op-ed for forcefully advocate a given perspective on a contested issue. Quite another for it to simply make stuff up. In this case, however, we see the latter. Friday the Supreme...
  • Greens to spend record $85M in midterms ["climate science denial will soon come to a close"]

    10/28/2014 2:12:37 AM PDT · by Cincinatus' Wife · 22 replies
    The Hill ^ | October 27, 2014 | Laura Barron-Lopez
    Environmental groups are on track to spend more than $85 million on key races this year, more than ever before, according to an internal memo. The record spending comes as green groups are worried about the fate of the Senate and the future of President Obamas climate agenda, which they say is crucial to helping the U.S. and other nations curb greenhouse gas emissions and stave off disastrous climate impacts. A memo circulated among five of the nations top environmental organizations, and provided to The Hill, summarizes in detail the plan hatched by the groups to put climate change on...
  • New York factory growth at slowest pace in 6 mos.

    10/15/2014 11:50:46 AM PDT · by Olog-hai · 11 replies
    Associated Press ^ | Oct 15, 2014 9:11 AM EDT | Christopher S. Rugaber
    New York manufacturers are growing at the slowest pace in six months as new orders shrink and shipments barely rise. The Federal Reserve Bank of New York said Wednesday that its Empire State Manufacturing index dropped to 6.2 in October, down sharply from a five-year high of 27.5 in September. Any figure above zero indicates growth. Octobers reading is the lowest since April.
  • Former ATF Agent: Empower Police To Nab Terrorists Smuggling Cigarettes

    09/29/2014 12:37:17 PM PDT · by Tolerance Sucks Rocks · 33 replies
    The Daily Caller ^ | September 28, 2014 | Rachel Stoltzfoos
    Strict laws must be put in place to combat New York City’s massive tobacco smuggling problem, former Bureau of Alcohol, Tobacco and Firearms and Explosives Assistant Director Rich Marianos told The Daily Caller News Foundation.“Street gangs, narcotics crews, Russian and Asian organized crime networks, and terrorists are trading cigs for guns, narcotics — even humans,” Marianos, who was with the ATF for 27 years, said.NYC’s disproportionately high cigarette tax is allowing hardened criminals and even terrorists to fund illicit activity and make huge profits, with almost no risk, thanks to lax tobacco smuggling laws.Since 2006, the tax rate on NYC...
  • Rising number of French struggle to pay taxes

    08/13/2014 8:33:38 PM PDT · by Olog-hai · 26 replies
    TheLocal.fr ^ | 12 Aug 2014 17:07 GMT+02:00 | Sam Ball
    France has seen an explosion in the number of households requesting a deferral or cancellation of part or all of their tax bill in recent years. The countrys public finance body, the DGFiP, says there was a 22% rise in the number of such requests between 2011 and 2013, from around 177,000 to more than 216,000. Over the same period, the number of reminders for payment sent out by the French government has soared from 4.5 million to nearly 10 million.
  • Medtronic's Covidien deal spurs debate about corporate taxes

    06/17/2014 4:57:32 AM PDT · by TurboZamboni · 1 replies
    Pioneer Press ^ | 6-16-14 | Christopher Snowbeck
    Is Medtronic's massive international corporate merger a billion-dollar tax dodge, an indictment of the U.S. tax code or a business-savvy work-around that could spur investment and growth in the Twin Cities? The answer depends on whom you ask. The $42.9 billion cash-and-stock purchase of Covidien, which was announced Sunday, comes with plans for Medtronic to decamp its executive suite to Ireland, where Covidien is based. It also will nearly double the size of the Fridley-based medical device maker and likely result in no significant change in its 8,000-strong Twin Cities workforce. The company is talking about adding 1,000 workers locally....
  • Mark Levin distorts the Great Compromise of 1787

    05/23/2014 7:36:45 PM PDT · by JOHN W K · 47 replies
    5-23-14 | johnwk
    On this evenings show, 5/23/2014, Mark Levin talked about the Great Compromise of the Convention of 1787, but he never mentioned how the apportionment of both taxation and representation became the moving parts of the Great Compromise. So, let me fill in the parts Mark Levin left out. During the framing of our existing Constitution the question of how each State would be represented in Congress became a matter of heated debate and deciding upon rules which fixed each States representation created an impasse during the Convention. On July 2nd of the Convention Sherman of Connecticut remarked: We are now...
  • Is All Taxation Equal Under the Law

    03/28/2014 2:20:27 PM PDT · by MosesKnows · 4 replies
    3/28/2014 | MosesKnows
    Is All Taxation Equal Under the Law Does the US Tax Code treats healthcare insurance premiums differently between employer paid premiums and individual paid premiums? Manufactures began offering free healthcare insurance as a way to attract employees and avoid violating World War Two Wage and Price Controls. Free always guarantees a demand. Later, perhaps 1948, the courts declared that employer paid healthcare insurance premiums were not taxable income.
  • 'Liberty Tax': White House, Media Attack After Drudge Pays Obamacare Opt-Out Penalty

    03/21/2014 5:55:34 PM PDT · by FreeAtlanta · 24 replies
    BREITBART.COM ^ | 21 Mar 2014, 5:04 PM PDT | Matthew Boyle
    A White House aide set off a stampede of liberal media criticism for Internet news pioneer Matt Drudge over Obamacare but his critics don't seem to understand how small businesses pay taxes. The brouhaha started when Drudge tweeted, Just paid the Obamacare penalty for not 'getting covered'... I'M CALLING IT A LIBERTY TAX. Jesse Lee, the Director of Progressive Media at Barack Obama's White House, responded that that was a Flat lie, no fee for previous year, adding, Scary how much influence he once had. Lees response to Drudge set off a firestorm in the liberal media, with many...
  • Taxation for the Sake of Taxation

    03/01/2014 7:19:14 PM PST · by SeekAndFind · 2 replies
    Frontpage Mag ^ | 03/01/2014 | Daniel Greenfield
    What’s the Labour Party anthem again? It goes a little something like this, “The people’s flag is deepest red.” So these poll results should come as no surprise. Here’s the legend: Con = Conservative Party (Tories); Lab = Labour (equivalent to USA’s Democrat Party); Lib Dem = Liberal Democrat (not as left-wing as Labour); UKIP = UK Independence Party.The esteemed countermoonbat Daniel Hannan provides some analysis: Sixty-nine per cent of Labour supporters would want a top rate tax of 50 per cent even if it brought in no money. If you want to understand, for example, why Red Bill in...
  • Taxation and Representation: Why Our Taxation System is Morally Insane

    02/15/2014 10:09:26 AM PST · by SeekAndFind · 7 replies
    National Review ^ | 02/14/2014 | Kevin Williamson
    Tom Perkins is not exactly a sympathetic figure, but the man has a point. Perkins, a gazillionaire venture capitalist and cofounder of Kleiner Perkins Caulfield & Byers, took a well-deserved drubbing for his comparison of anti-1 percent invective in the United States with the political conditions leading up to Kristallnacht in Germany. His offense there was both against good taste and substance. He has something useful and true to say about the anti-democratic, illiberal, and periodically violent mood of Western anti-capitalism and the American partisans of class warfare, but none of that is very much like Nazism. Not very many...
  • The 106.2% Solution? Top 40% Paid 106.2% of Income Taxes While Bottom 40% Paid -9.1%

    12/10/2013 3:58:50 PM PST · by whitedog57 · 11 replies
    Confounded Interest ^ | 12/10/2013 | Anthony B. Sanders
    According to the Congressional Budget Office, the top 40% of Americans paid 106.2% of income taxes. How can the top 40% pay MORE than 100% of income taxes? Simple. The bottom 40% of Americans paid -9.1% of income taxes. And they received an average of $18,950 in government transfers. Of course, we know that real median household income has been falling generally since 2000 and especially since 2007. And house prices have been falling, but house prices have changed course and have been rising since 2012. csrealinc Seriously, how can the US have a dynamic housing market with such a...
  • The Coming Global Wealth Tax

    12/04/2013 7:54:16 AM PST · by rktman · 19 replies
    Wall Street Journal ^ | 12/3/2013 | Romain Hatchuel
    Between ObamaCare, Iran and last quarter's uptick in U.S. economic growth, taxpayers these days may be distracted from several dangers to come. But households from the United States to Europe and Japan may soon face fiscal shocks worse than any market crash. The White House and New York Mayor-elect Bill de Blasio aren't the only ones calling for higher taxes (especially on the wealthy), as voices from the International Monetary Fund to billionaire investor Bill Gross increasingly make the case too.
  • Why Coolidge Is Cool Again

    11/18/2013 5:55:38 AM PST · by statestreet · 24 replies
    The Federalist ^ | November 18, 2013 | David Pietrusza
    On Thursday evening, October 28, 1920, vice presidential candidate Silent Cal Coolidge invaded Manhattan. Commencing from Wall Street, his plan was to process steadily uptown, being joined by as many supporters as he might, to finally reach Carnegie Hall, there to address whatever Republican faithful he might attract within the city limits. The New York Times, for some reason, lacked faith that much might come from his plan. But as Coolidge advanced ever northward, a full seventy-five thousand enthusiastic marchers joined with him, representing any number of the citys trades and professions. They advanced through Greenwich Villages Washington Square and...
  • Beyond Dowd's Vision of Thunderdome

    10/13/2013 3:46:27 AM PDT · by Cincinatus' Wife · 16 replies
    American Thinker ^ | October 13, 2013 | William Sullivan
    .........If Dowd thinks Cruz a radical for taking to the Senate floor with his legitimate grievances about ObamaCare and the underhanded manner in which it was imposed upon the American people,I wonder what she might say about Virginian Patrick Henry's response to the Stamp Act of 1765,which whipped American colonists into an anti-British fervor? Britain,trying to raise tax revenue to pay for the French and Indian War,from which the American colonies benefited,issued an edict requiring a government stamp on newspapers,legal documents,and other items. According to historian H.W. Crocker III, Patrick Henry:... used the Stamp Act to declare that as Caesar...
  • Sen Landrieu on Senate Floor Biggert Waters 'Never Voted On' 'Went Dark', 'Tucked into Transportat

    10/06/2013 3:54:31 PM PDT · by Neidermeyer · 56 replies
    C-Span via Youtube ^ | 05/11/2013 | Landrieu
    Senator Landrieu outlines how the Biggert Waters flood insurance bill was manipulated through the legislative process without ever coming up for a vote in the Senate. This bill is nothing but a tax increase on anyone with property that requires flood insurance... People are now unable to sell property as this is driving away any and all buyers .. if you sell without disclosing the premium increases that will be levied on a new owner (rather than increased incrementally on existing property owners) you will be sued ,, bank on it. This is also impacting hurricane Sandy victims in the...

    10/02/2013 6:58:28 AM PDT · by Graewoulf · 20 replies
    Graewoulf | October 2, 2013 | Graewoulf
    The Original Boston Tea Party had the slogan: NO TAXATION WITHOUT REPRESENTATION ! Back then in the 1700s the Colonists did not like Tyranny, and eventually went to War to rid themselves of it. Today, low-information people, and their "Mainstream" Media's attitude is: Tyranny? Is that like bad or something? High-information people realize that we have had Tyranny imposed on us by our own NINE SUPREMES when they told us that ANY Administration can force us to buy anything they want us to buy as long as it is called a MANDATORY TAX. The Obama Administration then decreed that the...

    09/24/2013 12:54:38 PM PDT · by Dick Bachert · 30 replies
    Vanity | 9/24/2013 | Dick Bachert
    As I compose this, I'm watching Ted Cruz as he filibusters to halt the disaster called Obamacare. I hope you will watch it as well. If he has used it once, he's used the phrase "...we no longer listen to the people, our constituents..." over a hundred times. And he's right...they don't. And the fact is, THEY NO LONGER NEED TO. I've sent my little rant on this topic before but Ted's honest comment compels me to do so again. Dick Bachert ************* WHY THE POLITICAL RULING CLASS NO LONGER LISTENS TO US! Among others, Thomas Jefferson warned that the...
  • Employers cut jobs in 20 US states in August

    09/20/2013 9:17:17 AM PDT · by Olog-hai · 7 replies
    Associated Press ^ | Sep 20, 2013 12:00 PM EDT | Christopher S. Rugaber
    Employers cut jobs in 20 states last month, suggesting modest improvement in the U.S. job market this year is not enough to benefit all areas of the country. The Labor Department said Friday that 29 states added jobs, while Montana showed no net gain or loss in August. Unemployment rates rose in 18 states, fell in 17 and were unchanged in 15.
  • Obamacare More Complicated Than The Matrix (HHS Secretary Sebelius Is Mrs Smith)

    09/11/2013 6:51:41 PM PDT · by whitedog57 · 6 replies
    Confounded Interest ^ | 09/10/2013 | Anthony B. Sanders
    The October 1st start date is only a few weeks away from a dramatic reduction in personal liberties and greater taxation and growing government power. The Affordable Healthcare Act (aka, Obamacare) started with Hillary Clinton in her aborted efforts when Bill Clinton was President. It was dubbed Hillarycare and deemed to be a disaster (just ask economist Brad DeLong). While George W. Bush was President, Hillarycare was transformed under the guidance of the Center for American Progress. This became Obamacare with the election of Barack Obama. After meetings with lobbyists, Congress, the Administration and the Center for American Progress (behind...
  • Obamacare Disaster: Cadillac Coverage Should Be Renamed Titanic Coverage

    08/05/2013 11:17:21 AM PDT · by whitedog57 · 6 replies
    Confounded Interest ^ | 08/05/2013 | Anthony B. Sanders
    Trying to forecast housing demand is complicated by the abysmal slowdown in jobs growth and more and more young people living in their parents basement than before. Another complicating factor is the Affordable Care Act (aka, Obamacare). [The American Action Forum is an excellent source of information on Obamacare]. As a former resident of Ohio and a current resident of Virginia, I was stunned to see the growth in insurance premiums under Obamacare. In Ohio the cost of a basic bronze plan for a 25 year old will virtually triple to $1,956 a year. A 25 year old will in...
  • Amnesty's price: $12,433 for every legalized immigrant household

    07/12/2013 7:36:41 AM PDT · by TADSLOS · 13 replies
    Washington Examiner ^ | 12 July, 2013 | Paul Bedard
    A fight has erupted over the costs of granting amnesty to the estimated 11 million illegal immigrants in America, with the White House claiming the cash benefits to the Treasury are huge and will slash the deficit, and critics showing it will cost Americans more and increase the deficit. The White House late Thursday dispatched an email to President Obama's campaign supporters that provided a video claiming that immigration reform will result in a 5.4 percent growth in GDP as "highly skilled" workers and "entrepreneurs" add to the country's economic base. No mention was made of low-skilled workers, the bulk...
  • 35 years ago today, California voters passed Prop. 13

    06/06/2013 5:54:58 PM PDT · by Fiji Hill · 20 replies
    SF Gate ^ | June 6, 2013 | Lois Kazakoff
    No initiative mounted by the public has brought more change to California than Proposition 13, which voters passed 35 years ago today. Did it keep the middle class in their rapidly appreciating homes or set the stage for the struggling public schools and crumbling public infrastructure California has today? Californians cling tightly to both views.
  • Obamacare Sticker Shock: Taxing Over 15,000 Medicines

    10/14/2010 6:42:43 AM PDT · by kristinn · 46 replies · 1+ views
    Human Events ^ | Thursday, October 14, 2010 | Connie Hair
    Nancy Pelosi warned us wed have to pass Obamacare to find out whats in it. And what were finding we dont like at all. Higher insurance premiums are hitting families hard. Medicare Advantage has been decimated. Millions will be forced into government-run Medicaid where long lines and rationing await. If we like our insurance -- too bad. Beginning January 1, 2011, more than 15,000 over-the-counter (OTC) health care items will require a prescription (and that means a doctors visit) for tax-free reimbursement. Under Obamacare, OTC drugs cannot be reimbursed tax-free from Health Savings Accounts (HSAs) or Flexible Spending Accounts (FSAs)...
  • Republicans: IRS scandal shows agency 'rotten at the core,' needs major reform

    05/18/2013 10:26:50 AM PDT · by Zakeet · 30 replies
    Fox News ^ | May 18, 2013
    The IRS targeting Tea Party groups and other conservative-leaning political organizations has reignited calls for reform and the argument among Capitol Hill Republicans that the federal government has become too big and out of control. Among those leading the calls for reform is Michigan Rep. Dave Camp, chairman of the Republican-led House Ways and Means Committee, which held a hearing on the scandal five days after the targeting was made public and two days after the resignation of acting IRS Commissioner Steven Miller. This systemic abuse cannot be fixed with just one resignation, Camp said at the start of the...
  • Refining Our 'Theory' of Taxation (Is this really the way the Founders wanted it?)

    03/27/2013 5:45:56 AM PDT · by SeekAndFind · 3 replies
    American Thinker ^ | 03/26/2013 | Jon N. Hall
    We Americans are taxed at just about every juncture in life that involves money. We are taxed when we earn our money and when we spend our money. We are even taxed when we give our money away, unless our gift recipient is a government-approved entity. We are taxed when we don't realize we're being taxed, as in the hidden, embedded taxes built into the prices of the goods we buy, which pay for corporate income taxes. (You didn't think that corporations paid taxes, did you?) In addition to all the taxes Americans are already paying, government continually enacts new...
  • Why Wealthy Chinese Are Giving Up U.S. Green Cards

    03/23/2013 8:55:14 PM PDT · by cunning_fish · 14 replies
    WSJ Live ^ | March 13, 2013
    An American passport can be a costly accessory-with U.S. citizenship come U.S. taxes. The WSJ's Wei Gu explains why some wealthy Chinese are instead taking advantage of offers to become citizens of cash-strapped European countries and wealthy Asian cities.
  • No to the Flat Tax, Gold Standard and Other Stale Ideas

    02/22/2013 7:41:35 AM PST · by SeekAndFind · 30 replies
    National Review ^ | 02/19/2013 | James Pethokoukis
    Free enterprise, free markets, competition, and choice: All are timeless economic principles, but their application can and should evolve with changing economic circumstances. When Ronald Reagan was elected president in 1980, the top income-tax rate was 70 percent, inflation was 13 percent, health-care spending was 10 percent of GDP, and publicly held debt was 26 percent. The average American was 30 years old.Today, the top marginal tax rate is 40 percent, and inflation is 2 percent. Health-care spending and the debt have both risen by nearly 80 percent as a share of output. The average American is 37 years...
  • Ben Carson for President

    02/09/2013 9:37:14 AM PST · by Katya · 78 replies
    The Wall Street Journal ^ | 02/08/2013 | Review and Outlook
    "Whether this weekend finds you blowing two feet of snow off the driveway or counting the hours until "Downton Abbey," make time to watch the video of Dr. Ben Carson speaking to the White House prayer breakfast this week. Seated in view to his right are Senator Jeff Sessions and President Obama. One doesn't look happy. You know something's coming when Dr. Carson says, "It's not my intention to offend anyone. But it's hard not to. The PC police are out in force everywhere."
  • Changing America's course: An interview with Stanley Mack

    01/20/2013 2:48:38 PM PST · by SincerelyAmanda · 1 replies
    The Communities at The Washington Times ^ | January 20, 2013 | Amanda Read
    . . . "To this district and anybody who intends it harm, or anybody who wants to allow it to just exist and fester: This is a wake-up call for all conservatives, Republicans. This is a wake-up call for our nation," says Mack. "There is no other reason that we have allowed the issues to go this far, and to continue the dogma and lip service that were getting from some of our elected officials." In the midst of a challenging era, Mack won't be an ideologue bound by negative talking points. On the subject of making Alabama's budget more...
  • 'Taxation Without Representation' plates on Obama motorcade

    01/19/2013 1:35:02 PM PST · by Libloather · 37 replies
    The Hill ^ | 1/19/13 | Kevin Bogardus
    President Obamas motorcade sported Taxation Without Representation license plates for the first time on Saturday. As part of the National Day of Service kicking of a weekend of inaugural events, the president has traveled to the Burrville Elementary School in Northeast Washington to participate in a City Year service project. Three vans in Obamas motorcade were outfitted with the unique D.C. license plates as the president traveled to the school, according to a White House pool reporter. The reporter said other vehicles in the motorcade had Maryland, Virginia or U.S. government plates. The White House decision earlier this week to...
  • Boehner starts second speaker term vowing end to one-on-one meetings with Obama

    01/03/2013 4:40:03 PM PST · by EagleUSA · 37 replies
    Fox News ^ | 1/3/2013 | Fox News
    John Boehner's first order of business in his second term as speaker is no more one-on-one meetings with President Obama. An aide to the speaker, who won re-election to the leadership post Thursday afternoon, confirmed to Fox News that Boehner is done with closed-door talks with the president. Boehner and Obama over the past two years have made two unsuccessful attempts at striking a "grand bargain" deficit-reduction deal. The last set of talks, in the context of crafting a bill to avert the fiscal crisis, ended with Boehner exiting the negotiations and pushing a failed "Plan B" and then being...
  • The elephant in the room

    12/16/2012 2:37:47 PM PST · by Rusty0604 · 3 replies
    Athens News ^ | 11/08/12 | Athens News
    Of course, Greeks must tighten their belts. But is the decimation of the middle class - through a change in labour laws and unbearable tax burdens - the way out of Greeces financial impasse? At the same time, next to nothing has been done about the ineffectual and massively unproductive public sector which brought the country to its knees in the first place. The entrenched fear of unions and political cost has for decades prevented successive governments from taking drastic action to reform and modernise an antiquated civil service which, in many ways, instead of serving citizens and their interests...
  • How Much Taxation Would Fund Current Spending?

    12/12/2012 8:24:19 AM PST · by SeekAndFind · 21 replies
    American Thinker ^ | 12/12/2012 | Justin Hohn
    To best understand this spending aspect of the current budget negotiations in Washington, we must answer one crucial question: how much taxation on the top income-earners would be required to fully fund the present level of government spending? To do so, we must first make the unreasonable assumption that the rich will not respond to confiscatory tax rates and hide money from being taxed. This is unreasonable because no scheme of taxation since WW2 has been able to capture more than 21% of GDP. With current spending levels around 23% of GDP, history suggests that no level of taxation we...
  • Is Mitt Romney right to question representation without taxation?

    12/03/2012 1:39:01 AM PST · by Smokin' Joe · 22 replies
    The Telegraph ^ | September 19th, 2012 | Ian Cowie
    Most commentators agree that Mitt Romney has committed political suicide by pointing out that 46pc of Americans pay no income tax but he may have done us all a favour by raising a fundamental weakness in many developed economies including Britains which is also one of the causes of the credit crisis. Whether or not his candour costs the Republican candidate any hope of winning the Presidential Election in November, he has certainly demonstrated the modern meaning of the word gaffe that is, a statement of the bleedin obvious by someone in the public eye. There can...
  • Middle-Class Wealth Protection, Post-Fiscal Cliff

    12/02/2012 4:07:37 PM PST · by betty boop · 61 replies
    self | December 2, 2012 | Jean F. Drew
    Middle-Class Wealth Protection, Post-Fiscal Cliff By Jean F. Drew I dont know about you, but Im a lifelong, middle-class working stiff who has managed to accumulate a certain modest amount of wealth designated to be sent to the future, to supply my support and lifestyle needs when I am old and no longer have employment income. Im speaking of my 401(k)s and IRAs. The way I have assets deployed in these accounts very likely will need to change, given the absolutely predictable outcome of the much-hyped impending fiscal cliff. At least, that is my supposition. Consider: We get the fiscal...