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Keyword: taxation

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  • L.A. County's homeless problem is worsening despite billions from tax measures

    02/19/2018 10:11:15 AM PST · by BenLurkin · 41 replies
    Los Angeles County's homeless population is increasing faster than the supply of new housing, even with the addition of thousands of beds in the last two years and millions of dollars beginning to flow in from two ballot measures targeting the crisis, according to a long-awaited report by the region's homelessness agency. The report showed that officials two years ago far underestimated how much new housing would be needed when they asked city and county voters to approve the tax measures. ... Peter Lynn, executive director of the homeless authority, said Friday that new cost figures had not been calculated,...
  • The Constitutional Amendment That Would Rein in Spending

    02/08/2018 5:37:54 PM PST · by Tolerance Sucks Rocks · 21 replies
    The Daily Signal ^ | February 7, 2018 | Walter E. Williams
    Some people have called for a balanced budget amendment to our Constitution as a means of reining in a big-spending Congress. That’s a misguided vision, for the simple reason that in any real economic sense, as opposed to an accounting sense, the federal budget is always balanced. The value of what we produced in 2017—our gross domestic product—totaled about $19 trillion. If the Congress spent $4 trillion of the $19 trillion that we produced, unless you believe in Santa Claus, you know that Congress must force us to spend $4 trillion less privately. Taxing us is one way that Congress...
  • Is California ready for a Proposition 13 overhaul?

    02/07/2018 9:04:31 AM PST · by EagleUSA · 34 replies
    San Jose Mercury ^ | 2/7/2018 | Katy Murphy
    A new ballot initiative that takes aim at how commercial properties are taxed under California’s Proposition 13 could raise $6 to $10 billion more each year for schools and and other programs and services, according to a new analysis by the Legislative Analyst’s Office. At the heart of the initiative, which is still being reviewed by the state attorney general’s office, is a property tax law enshrined in the state constitution since 1978. Proposition 13 caps taxes for all kinds of properties — residential and commercial — at 1 percent of a property’s purchase price, allowing for increases of no...
  • Seattle Soda Tax Not Doing Too Well

    01/31/2018 1:30:37 PM PST · by Tolerance Sucks Rocks · 60 replies
    The WasteWatcher (Citizens Against Government Waste) ^ | January 11, 2018 | Spencer Chretien
    While the rest of us were popping champagne to celebrate the arrival of 2018, Seattle greeted the New Year with a 1.75 cent per ounce tax on sweetened beverages. It was needed, former Mayor Ed Murray once said, for a host of noble reasons: to reduce sugar consumption; to raise revenue for important projects like a year of “free” community college for all graduating public high school students; and, to subsidize purchases of healthy foods by low-income families.Before he resigned in disgrace over multiple allegations of personal misconduct, Murray considered the soda tax one of his greatest accomplishments, a “cutting...
  • Governor Brown criticizes President Trump for climate change position as California burns

    01/26/2018 6:27:44 AM PST · by EagleUSA · 35 replies
    CBS News ^ | 1/26/2018 | Hidden Author
    California is reeling from its most destructive wildfire season ever, exacerbated Governor Jerry Brown says, by the effects of climate change. Brown says the fires show President Trump is making a mistake by ignoring the facts of global warming. Governor Brown speaks to Bill Whitaker for a report to be broadcast on 60 Minutes, Sunday, Dec. 10, at 7:00 p.m., ET/PT. Brown told Whitaker that President Trump is wrong to withdraw the U.S. from the Paris climate agreement and misguided for calling it a bad deal for America. "That's a preposterous idea, not even a shred of truth in that...
  • Illegal Immigrants Send $38 Billion Abroad Via Remittances—A “Hidden Tax”

    01/23/2018 1:09:48 PM PST · by Thalean · 26 replies
    National Economics Editorial ^ | Jan 23, 2017 | Spencer P Morrison
    Imagine the worst possible tax you can think of. What would it look like? If you’re like most people, you thought of some fat, curly-haired king sitting in a palace spending your money on foppish garments and a harem of French harlots. That’s a bad tax. No doubt about it. But at least he’s (presumably) your king, and he’s spending the money in your country. Eventually you will see that money again, no matter how frivolously he spends it. I can think of a worse tax: pretend the above situation’s exactly the same in every respect except now he’s not...
  • California Democrats Want Businesses To Give Half Their Federal Tax-Cut Savings To State

    01/20/2018 5:38:47 PM PST · by Thalean · 45 replies
    National Economics Editorial ^ | Jan 20, 2018 | Editorial Staff
    Despite what Hollywood celebrities and Democrat bigwigs claim, California’s in bad economic shape. Not only does California have the highest poverty rate in America—over 1 in 5 Californians live below the poverty line—but it’s home to nearly one quarter of America’s homeless people. There are so many poor people in California that it’s income inequality ratio is now larger than Mexico’s. How could so much poverty exist in a place with nearly unlimited natural wealth, and a rich cultural and business inheritance? California is the home of Hollywood, Apple, and Google after all. Two reasons: first, immigration—especially illegal immigration—has sucked...
  • I Want a "Wall" Around Our Money

    01/17/2018 9:56:45 AM PST · by Brian Griffin · 7 replies
    01/17/2018 | Brian Griffin
    This "Wall" would be in the form of a Constitutional amendment limiting Democratic depredations. Getting a proposed amendment to the states for ratification requires the same two-thirds of both the House of Representatives and Senate as does getting a bill past the veto pen of a President. President Trump might have to veto each DACA replacement bill until enough Democrats play ball. President Trump and his family members have a lot more to lose from 90% income and 90% estate taxation than we do. And the Democrats do need to play ball, since the upcoming 2020 census that must count...
  • Democrats in high-tax blue states look to gimmicks, loopholes to cut residents’ federal bill

    01/10/2018 10:37:15 PM PST · by Oshkalaboomboom · 20 replies
    Washington Times ^ | Jan 10, 2018 | David Sherfinski
    Democrats in high-tax blue states are already plotting ways to avoid the new tax law, hoping to seize on gimmicks that will allow their residents to cut their federal tax burden without costing the states themselves any money. The Democrats are trying to get around a new $10,000 cap on how much of their state and local taxes residents can write off on their federal forms. High-tax states fear their residents will quickly top the $10,000 limit, leaving them grumbling over their higher tax bills. New York Gov. Andrew Cuomo has suggested switching some of his state’s tax collections from...
  • California Looks For Ways Around Federal Tax Changes

    01/03/2018 5:10:51 PM PST · by Joe Dallas · 73 replies
    SACRAMENTO, Calif. (AP) — Democratic California lawmakers are exploring ways to blunt the impact of the new federal tax law on the state’s taxpayers. Federal law has long allowed people to deduct their state and local taxes from their federal tax bill, but the tax overhaul signed last month by President Donald Trump caps that deduction at $10,000.
  • Dear Democrats, Ownership Isn’t Theft

    12/31/2017 12:05:41 PM PST · by Tolerance Sucks Rocks · 24 replies
    National Review ^ | December 20, 2017 | David French
    I’m starting to think that all too many Democrats believe that private citizens and private corporations don’t actually own their private income or their private property. Otherwise, how can we explain the Democratic insistence, repeated endlessly over the last 24 hours, that Republicans somehow are poised to execute a grand “heist” by cutting corporate and individual tax rates, granting an estimated 80.4 percent of taxpayers an average tax break of $2,140. The rhetoric was remarkable, and the hysterics weren’t confined to fringe figures on the left. Here’s House Democratic leader Nancy Pelosi:
  • "Protesters Gone Wild": Woman Takes Off Top in House Gallery During Demonstration Against Tax Vote

    12/19/2017 12:18:41 PM PST · by Zakeet · 77 replies
    Gateway Pundit ^ | December 19, 2017 | Joshua Caplan
    Prior to the House passing the Republican's tax plan, a female protester crashed the House gallery and removed her top. [Snip] NBC News' Johnathan Allen added the woman was still wearing her bra.
  • Plunder Capitalism

    12/05/2017 10:31:25 PM PST · by Rashputin · 35 replies
    Paul Craig Roberts Institute for Political Economy ^ | December 4, 2017 | Paul Craig Roberts
    Plunder Capitalism Paul Craig Roberts I deplore the tax cut that has passed Congress. It is not an economic policy tax cut, and it has nothing whatsoever to do with supply-side economics. The entire purpose is to raise equity prices by providing equity owners with more capital gains and dividends. In other words, it is legislation that makes equity owners richer, thus further polarizing society into a vast arena of poverty and near-poverty and the One Percent, or more precisely a fraction of the One Percent wallowing in billions of dollars. Unless our rulers can continue to control the explanations,...
  • Seattle's Income Tax on 'the Rich' Has Collateral Damage: The Poor

    11/22/2017 11:22:18 AM PST · by Kaslin · 26 replies
    American Thinker.com ^ | November 22, 2017 | Brian T. Hodges
    Seattle’s City Council made national headlines earlier this year when it enacted a city income tax aimed at “high earners.” Immediately, politicians crowed that they had planted a flag of “resistance” to the forces of “Trumpism.” In a court hearing last week, the city defended its war on wealth against several legal and constitutional challenges. The briefing from both sides exposes an inconvenient reality for the levy’s defenders: its real, ultimate victims aren’t necessarily the plutocrats they claim to be targeting. In fact, just the opposite. Some background: there are few precedents from other parts of the country for a...
  • San Francisco Protest Tomorrow against CA Gas Tax increase! (11-4-17)

    11/03/2017 6:20:14 PM PDT · by SFmom · 21 replies
    JOIN THE SFGOP ON SATURDAY, NOVEMBER 4TH AT 2:00PM TO PROTEST THE GAS TAX INCREASE On the Divisadero side sidewalk of the ARCO station at the corner of Fell & Divisadero Streets. The California Republican Party is declaring Saturday, November 4, 2017 as #GasTaxtrophe Day! On November 4th, activists from across the state will gather in their communities to demonstrate against the Democrats' harmful new gas tax. We want everyone to know the California Democrats' gas tax is a #GasTaxtrophe.
  • A Lifetime of Taxes Is Enough

    10/24/2017 4:26:52 AM PDT · by Kaslin · 23 replies
    Townhall.com ^ | October 24, 2017 | Stephen Moore
    My father built a small business from scratch with years of sweat equity and many weeks and months away from home. He employed about 100 people, and by the end of his working years, the business was highly successful. He became a millionaire. He lived the American dream. He sold a product that people wanted, provided a solid income for many families and gave lots of money to our church and numerous other charities. And every year he paid his taxes. Over the course of his lifetime, he paid millions of dollars in income taxes, sales taxes, payroll taxes, property...
  • Updating financial data on refugee contractors, big bucks for ‘humanitarian’ work!

    10/23/2017 12:07:53 PM PDT · by Baynative · 8 replies
    Refugee Resettlement Watch ^ | 7/11/17 | Ann Corcoran
    "...adding insult to injury, they lobby, kiss up to the media, and community organize against you who are paying for the whole refugee racket! None of these organizations would survive very long if Congress and the President cut them loose"
  • Left-Wing Billionaire Activist Tom Steyer: 'Please Raise My Taxes'

    10/18/2017 8:16:36 AM PDT · by rktman · 26 replies
    newsbusters.org ^ | 10/17/2017 | Aly Nielsen
    In liberal billionaire Tom Steyer’s ideal world, his taxes would be raised, the coal industry would be no more and President Donald Trump would be impeached. “I am strongly opposed to even one more penny in [tax] cuts for rich people and corporations,” the prominent Democrat donor and activist declared in an Los Angeles Times op-ed Oct. 5. Instead, he wants the government to “raise taxes on the rich and use the money to invest directly in the American people.” Steyer is the founder of Farallon Capital Management, a hedge fund that made money through coal investments until 2014. He...
  • Top Republican predicts Christmas Eve vote on tax revamp

    10/12/2017 7:13:16 AM PDT · by rktman · 19 replies
    thehill.com ^ | 10/12/2017 | Sylvan Lane
    A top House Republican on Wednesday predicted Congress would vote to pass a tax bill on Dec. 24, saying the effort to overhaul the tax code would go down to the wire. Rep. Patrick McHenry (R-N.C.), the House GOP chief deputy whip, said he expected both the House and Senate to finish work on a tax revamp bill on Christmas Eve. GOP lawmakers and administration officials have pledged to enact a bill to cut individual and business tax rates, broaden the tax base and make the tax code simpler by the end of 2017. Republicans are eager to make the...
  • Welcome to the Dysfunction of Illinois

    10/07/2017 5:07:47 AM PDT · by PBRCat · 45 replies
    Chicago Tribune ^ | October 6, 2017 | Diane Sroka Rickert
    I walked into the Thompson Center on my first day, not knowing what to expect. In many ways, my new workplace was like any other large organization: big building, thousands of people and plenty of broken computers. Except this building is dilapidated, many of the employees are political hires and the computers will never be repaired, ever. The Thompson Center, where I worked, is a near-perfect representation of (Illinois) state government. It is gross, rundown, and nobody cares. Despite the shoddy condition of the state — fiscally and otherwise — there is a disturbing sense of entitlement among some state...