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Keyword: taxes

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  • Nobel prize winner tells Clinton: Tax fossil fuels

    08/31/2016 3:53:47 PM PDT · by 2ndDivisionVet · 43 replies
    CNN Money ^ | August 30, 2016 | Heather Long
    Nobel prize winning economist Joseph Stiglitz has some advice for Hillary Clinton: Tax fossil fuels. Stiglitz, who is an adviser to Clinton, says taxing carbon would be the best way to address climate change -- and boost the U.S. economy. The move would immediately lead to higher prices for oil, gas and coal. It would also hike the cost of anything that uses those fuels such as electricity and transportation. The goal is to force Americans to find alternatives that are cheaper and better for the planet. Taxes typically hinder the economy, but Stiglitz believes this one would help. "I...
  • It’s Time to Turn Out the Lights in Illinois

    08/31/2016 3:37:38 AM PDT · by AreaMan · 34 replies
    https://www.armstrongeconomics.com ^ | 31 Aug 2016 | Martin Armstrong
    The roads in Illinois are in decay. This may be the first state to go bankrupt. The question is not if, but when. State unions are so greedy that they are destroying the very state. This is exactly how Rome fell — government employees against the people. Seven states have constitutional provisions that state employee pensions must come BEFORE everything, including debt payments. Since the legislature in New Jersey was Democrat, they fought Governor Christie on pension reform. Their solution? On the ballot in November, there will be a provision to amend the state Constitution to put employee pensions before...
  • Apple holds Europe to ransom: Tech giant threatens to cut jobs in EU (excerpt)

    08/30/2016 10:15:29 AM PDT · by plain talk · 15 replies
    Daily Mail ^ | August 29, 2016 | Martin Robinson
    Apple has already threatened to cut jobs in Europe after Brussels ordered it to repay £11billion ($14.5billion) - the biggest tax bill ever imposed outside the US. The European Commission's three-year investigation into Apple's sweetheart deal with Ireland has found it amounted to illegal state aid. Its damning report published today says the tech giant paid as little as 0.005 per cent tax by funnelling its non-US profits through its Irish headquarters with no staff or premises then on to its $178billion (£120bn) offshore fund.
  • Apple Must Repay Record EUR 13 Billion in Back Taxes Over Irish Deal: EU

    08/30/2016 6:43:13 AM PDT · by sukhoi-30mki · 62 replies
    Agence France-Presse ^ | 30 August 2016
    The European Union on Tuesday said US tech giant Apple must repay a record 13 billion euros ($14.3 billion or roughly Rs. 95,910 crores) in back taxes after ruling that a series of Irish sweetheart tax deals were illegal. "The European Commission has concluded that Ireland granted undue tax benefits of up to 13 billion euros to Apple. This is illegal under EU state aid rules because it allowed Apple to pay substantially less tax than other businesses. Ireland must now recover the illegal aid," a Commission statement said. EU Competition Commissioner Margrethe Vestager said Apple's "selective treatment" in Ireland...
  • How Republicans in Congress Would Respond to Big-Spending Infrastructure Push

    08/29/2016 8:55:10 PM PDT · by Tolerance Sucks Rocks · 17 replies
    The Daily Signal ^ | August 26, 2016 | Josh Siegel
    Fresh after Congress and the White House scored the largest transportation spending package in a decade, both presidential candidates this year are proposing billions in funding to rebuild the nation’s infrastructure. While both Hillary Clinton and Donald Trump—and the parties they represent—agree the nation’s roads, bridges, airports, rail system, and ports are in need of repair, the new proposals invite familiar questions over how the spending would be paid for, and whether the federal government is the best provider to pay for it. Those questions, and the lack of a must-pass infrastructure initiative requiring Congress’ attention in 2017, mean that...
  • EU likely to hand Apple Irish tax bill of over 1 bln euro- source

    08/29/2016 2:24:06 PM PDT · by Swordmaker · 19 replies
    News Trust (Reuters) ^ | August 29, 2016 | by Ralph Boulton
    DUBLIN, Aug 29 (Reuters) - The European Commission will rule against Ireland's tax dealings with Apple on Tuesday, two source familiar with the decision told Reuters, one of whom said Dublin would be told to recoup over 1 billion euros in back taxes. The Commission declined to comment on Monday. The European Commission accused Ireland in 2014 of dodging international tax rules by letting Apple shelter profits worth tens of billions of dollars from tax collectors in return for maintaining jobs. Apple and Ireland rejected the accusation and have both said they will appeal any adverse ruling. The source said...
  • Homeschool Advocate: US Gov’t Bullies Parents And Kids Into Common Core [VIDEO]

    08/29/2016 7:09:17 AM PDT · by KeyLargo · 14 replies
    Daily Caller News Foundation ^ | 8-27-2016 | Ginni Thomas
    Daily Caller News Foundation Homeschool Advocate: US Gov’t Bullies Parents And Kids Into Common Core [VIDEO] Ginni Thomas Contributor 10:24 PM 08/27/2016 As parents increasingly notice government schools indoctrinate children with secular or progressive values, more families are exploring homeschooling as “a freedom initiative” to maintain control over values and beliefs. Sam Sorbo is a passionate, dedicated homeschooling mom of three and talk radio host. Often on Fox News, Sorbo is an actress, former model and biomedical engineer from Duke University, who is married to actor Kevin Sorbo of “Hercules” fame. She is also the author of recent book “They’re...
  • Republican Congressman Pushes Internet Sales Tax Plan

    08/27/2016 1:37:59 PM PDT · by JeepersFreepers · 16 replies
    The Wall Street Journal ^ | August 26, 2016 | Richard Rubin
    A new Republican proposal [by Rep. Bob Goodlatte (RINO, VA)] to resolve the long-running fight over taxing internet sales across state lines drew praise from Amazon.com Inc. and House Speaker Paul Ryan. “I am shocked Republicans would propose an internet sales tax,” said Sen. Ron Wyden (D., Ore.) “This proposal would create a logistical nightmare for states like Oregon that don’t have or want sales taxes. I will continue to oppose any efforts to impose a national sales tax scheme on Oregonians.” Michael Needham, the chief executive officer of Heritage Action for America said, “the Republican-controlled Congress would be wise...
  • Responses come in to Illinois Supreme Court's decision to block voters' opinion on remapping

    08/27/2016 6:25:03 AM PDT · by KeyLargo · 26 replies
    Illinois Review ^ | Friday, August 26, 2016
    Responses come in to Supreme Court's decision to block voters' opinion on remapping SPRINGFIELD - Friday, Illinois lawmakers from all over the state expressed their dismay with the Illinois Supreme Court Democrat majority's decision to block voters from expressing their opinion on a proposed November referendum. Senate Minority Leader Christine Radogno (R-Lemont) released the following statement Friday: Illinois residents, as Illinois Supreme Court Justice Robert Thomas writes, have had their voices ‘muzzled’ after the Illinois Supreme Court ruled yesterday that only politicians, and not the people, have the power to draw legislative district maps. We cannot disenfranchise the will of...
  • Taxes Up $4.3 Million, State Money Down $200K: So Who 'Compromised' Services?

    08/26/2016 1:50:35 PM PDT · by MichCapCon · 1 replies
    Michigan Capitol Confidential ^ | 8/21/2016 | Tom Gantert
    Revenue sharing payments from the state of Michigan to the city of Jackson were $219,300 lower in 2015 than in 2010. But Jackson’s overall annual tax revenues grew by $4.3 million over the same period, including $2.3 million more from its city income tax. The decline of $220,000 in state revenue sharing funds, though, was the subject of a recent public meeting in Jackson hosted by a statewide local government lobbying organization called the Michigan Municipal League. The MML is trying to make an issue out of state revenue sharing payments as part of a pitch for municipalities to get...
  • Reaganomics V Obamunism

    08/22/2016 12:04:15 PM PDT · by mainestategop · 5 replies
    https://www.youtube.com/watch?v=WbsIdQt3E0A The best clips of the 1980 Debate between Reagan and loser president Jimmah Cartah! I think this illustrates the differences between capitalism and socialism and shows that Reagan is not to blame for the problems of the 80s but inherited the problems from the left. I wish there were more documentaries on how terrible things were in this country before Reagan took office. Sick of know nothing millennials and Generation X'ers and commie baby boomers who know nothing of how bad things really were and nothing about how things work posting lies on Youtube and elsewhere!
  • Watch out for these new telephone scams to steal your money

    08/21/2016 3:27:23 PM PDT · by Innovative · 95 replies
    Daily Breeze ^ | Aug. 21, 2016 | Larry Altman,
    They are extremely persistent and claiming to be the IRS and threatening to throw you in jail and all kinds of things,” the 76-year-old Torrance resident said. “They try to make it sound official.” In the past month, the IRS and several South Bay police agencies have issued public warnings about the IRS scam and similar cons perpetrated by thieves on the telephone. “You are never going to get a call from the IRS demanding an immediate tax payment,” IRS spokesman Raphael Tulino said. “A lot of folks will hear it’s the IRS and act out of panic or dismay,...
  • Clinton's economic plans likely to boost her corporate donors

    08/21/2016 10:50:03 AM PDT · by blueyon · 14 replies
    WashingtonExaminer.com ^ | 8/21/16 | Sarah Westwood
    Hillary Clinton spent the past two weeks rolling out economic proposals that include the "biggest investment in new, good-paying jobs since World War II" and a tax hike on corporations and the wealthy, which could create lucrative opportunities for many of the corporations that have lined her campaign coffers. She has proposed refurbishing the electrical grid to make it "clean," and establishing a government-run bank that would steer taxpayer funds toward the private companies that are chosen to implement her projects. One ambitious aspect of her plan involves extending broadband access to every American household by 2020. Similar efforts launched...
  • Ronald Reagan predicts the future

    08/19/2016 8:49:41 AM PDT · by mainestategop · 10 replies
    https://www.youtube.com/watch?v=SUsy6rtDfHQ
  • You Can't Do That: Township's Taxpayer-Funded Tax Hike Electioneering

    08/18/2016 5:05:28 AM PDT · by MichCapCon · 3 replies
    Michigan Capitol Confidential ^ | 8/16/2016 | Derek Draplin
    A flier distributed by a Saginaw County township to residents advocating a “yes” vote on a millage question likely violates state campaign finance law. Despite what the Maple Grove Township officials claim is an error in the text, the flier is still illegal, according to one long-time Michigan expert on such issues. The flier states that the Maple Grove Fire Department asks for a “yes” vote in November on a three-year property tax millage that would cost the average household $84 per year per household for three years. The millage would give the department $252,000. Cheryl Bishop, the township treasurer,...
  • Omaha's Answer to Pothole Complaints: a New Dirt Road

    08/17/2016 4:28:43 PM PDT · by Theoria · 20 replies
    AP ^ | 16 Aug 2016 | Margery a. Beck and Scott Mcfetridge
    For miles and miles Omaha stretches on, one tidy, suburban-style neighborhood after another filled with modern low-slung houses set on spacious lawns with towering oaks and elms. It's a model of comfortable mid-American living, with one unusual exception: thanks to a quirk in how Omaha developed, about 300 miles of streets in these nice neighborhoods are pitted with potholes almost big enough to swallow an SUV. The bad roads have been both an anomaly and a source of complaints for years. But recently, they've become the center of a mini-crisis after local officials began dispatching crews to tear up the...
  • Clinton shrugs off Trump shakeup, attacks his tax plan

    08/17/2016 4:25:09 PM PDT · by Innovative · 7 replies
    Chicago Tribune ^ | Aug. 17, 2016 | Tribune news services
    At the rally, Clinton suggested staffing changes won't fix her rival's campaign or change his past insults of the Muslim American parents of an Army Captain killed in Iraq, or incendiary comments about women and people with disabilities. Trump, she said, has "shown us who he is." "There is no new Donald Trump. This is it," she added. Even as she has struggled to address questions about her honesty amplified by scrutiny of her use of a private email server at the State Department, Clinton has addressed the trust issues in other ways. Popular surrogates, including Vice President Joe Biden...
  • Donald J. Trump Remarks on Creating a New and Better Future for America’s Inner Cities

    08/16/2016 8:39:55 PM PDT · by Ray76 · 82 replies
    DonaldJTrump.com ^ | Aug 16, 2016 | Donald J. Trump
    It’s so great to be here tonight. I am honored to also be joined this evening by Governor Scott Walker, Chairman Reince Priebus, and Mayor Rudy Giuliani. We are at a decisive moment in this election. Last week, I laid out my plan to bring jobs back to our country. Yesterday, I laid out my plan to defeat Radical Islamic Terrorism. Tonight, I am going to talk about how to make our communities safe again from crime and lawlessness. Let me begin by thanking the law enforcement officers here in this city, and across this country, for their service and...
  • Hillary Clinton: Tax, Spend and Recession

    08/16/2016 6:06:01 AM PDT · by Kaslin · 2 replies
    Townhall.com ^ | August 16, 2016 | Stephen Moore
    Poor Hillary Clinton. She's trying so fervently to come up with at least one new and inspiring idea to jump-start a moribund economy and help the financially stressed middle class. But the left's idea cupboard is empty. They have nothing to offer except: tax; spend; spin; hit the button again. So in her speech on Thursday on the economy, she proposed last week's leftover cold porridge. And it doesn't taste any better today than when President Obama first served it up. Clinton touted her proposed jobs program, which she has said she will launch "in (her) first 100 days (in...
  • Citing Western Massachusetts drivers, Gov. Charlie Baker vetoes vehicle miles traveled tax

    08/15/2016 3:43:08 PM PDT · by Clintonfatigued · 45 replies
    Massachusetts Live ^ | August 10, 2016 | Shira Schoenberg
    Citing concerns about the impact on drivers in Western Massachusetts, Gov. Charlie Baker on Wednesday vetoed a pilot program to test a mileage-based tax on drivers. "I worry a lot about the consequences of this for everybody from Worcester west," Baker said. "It feels to me like it falls into a category of something people really ought to know a lot more about before they head down this road." The Massachusetts Legislature sent Baker a road and bridge funding bill with a provision directing the administration to apply for federal funding to test a new tax on drivers based on...
  • Congrats, You Won a Gold Medal. Now, Here’s Your Tax Bill

    08/15/2016 2:20:04 PM PDT · by nickcarraway · 29 replies
    KFOR ^ | AUGUST 14, 2016 | NADIA JUDITH ENCHASSI
    Michael Phelps may be untouchable in the water, but even he can’t out-swim the Tax Man. America’s Olympic medalists must pay state and federal taxes on the prize money they get for winning. The U.S. Olympic Committee awards $25,000 for gold medals, $15,000 for silver and $10,000 for bronze. That’s not all. Olympians also have to pay tax on the value of the medals themselves. Gold and silver medals are made mostly of silver, while bronze medals are composed of mostly copper. Rio’s medals are among the largest and heaviest ever and contain about 500 grams of either silver or...
  • Reminder: Olympians Must Pay Thousands in Taxes For Earned Medals

    08/15/2016 12:30:42 PM PDT · by Kaslin · 67 replies
    Townhall.com ^ | August 15, 2016 | Katie Pavlich
    If you're like me, you love the Olympics. You especially love the Olympics when Team USA is wracking up bragging rights and this time around, they're winning big. Unfortunately, years of dedication to mastering a sport and taking home Olympic medals is expensive. Why? Team USA athletes who win medals get slapped with giant tax bills as soon as they arrive home from Rio. America's Olympic medalists must pay state and federal taxes on the prize money they get for winning. The U.S. Olympic Committee awards $25,000 for gold medals, $15,000 for silver and $10,000 for bronze. That's not all. Olympians also...
  • Tim Cook addresses Apple's US taxes, says no repatriation without 'fair rate'

    08/15/2016 1:26:58 AM PDT · by Olog-hai · 38 replies
    CNBC ^ | 08/14/2016 | Javier E. David
    Apple CEO Tim Cook struck back at critics of the iPhone maker’s strategy to avoid paying U.S. taxes, telling The Washington Post in a wide ranging interview that the company would not bring that money back from abroad unless there was a “fair rate.” Along with other multinational companies, the tech giant has been subject to criticism over a tax strategy that allows them to shelter profits made abroad from the U.S. corporate tax rate, which at 35 percent is among the highest in the developed world. The move complies with the letter of the law, if not the spirit,...
  • Insanity Once More: The Hillary Clinton Economic Plan

    08/13/2016 2:24:05 PM PDT · by Kaslin · 10 replies
    Townhall.com ^ | August 13, 2016 | Larry Kudlow
    Doing the same thing over and over again and expecting different results, when in fact the results never change, is one definition of insanity. That definition works for economic insanity, too. Over the past seven-and-a-half years, President Obama has maintained a steady course of burdensome new regulations, significant tax increases, and massive federal spending on so-called infrastructure. He has unconstitutionally ordered executive actions, favored labor over business, attacked banks, insulted successful corporate leaders, and backed federal-government mandates on business. And with all this, strong economic recovery from a deep recession -- which has been an American tradition -- never came...
  • Report: Businesses leaving or curbing operations in state (CA)

    08/13/2016 12:52:06 PM PDT · by Mark · 16 replies
    Los Angeles Daily News ^ | 8/13/2016 | Kevin Smith
    California’s costly tax and regulatory policies prompted more than 10,000 businesses to leave the state, reduce their operations or curtail plans to locate here between 2008 and 2015, according to a report from Spectrum Location Solutions. The Irvine-based company conducts site-selection studies and other assessments to help businesses relocate to optimum states and locales for their operations. Some of their clients include corporations that have relocated out of California, like Honda. The report, “California Business Departures: An Eight-Year Review 20082015,” reveals that at least 1,687 California disinvestment events occurred during that period, a count that reflects only those that became...
  • Buffett says he's still paying lower tax rate than his secretary [Obama gave him a Medal!]

    08/12/2016 8:07:36 PM PDT · by NoLibZone · 53 replies
    FLASHBACK CNN ^ | March 4, 2013 | Flashback CNN Chris Isidore
    Warren Buffett says even though he and other top earners are paying higher taxes this year, he thinks he's still paying a lower rate than his secretary.
  • Hillary releases tax return, goading Trump

    08/12/2016 6:29:46 PM PDT · by detective · 56 replies
    WND ^ | 08/12/2016
    Hillary Clinton released her latest federal income tax return Friday, further pressuring Republican opponent Donald Trump, who is now the first major-party presidential candidate since 1976 to refuse to release tax returns. The Clintons’ 2015 personal tax return showed the Democratic Party presidential nominee and her husband Bill earned $10.6 million in 2015, while paying $3.24 million in federal income taxes. Their tax return showed the Clintons paid an effective federal tax rate of 34.2 percent and an effective state and local tax rate of 9 percent, totaling a combined tax rate of 43.2 percent for last year, according to...
  • Trump Campaign Statement on Hillary Clinton’s Taxes

    08/12/2016 5:01:06 PM PDT · by euram · 78 replies
    Trump-Pence ^ | August 12 2016 | Jason Miller, Senior Communications Advisor
    "Hillary Clinton has turned over the only records nobody wants to see from her – the American public wants to see the 33,000 emails she deleted to obstruct an FBI investigation. We want to see the Clinton Foundation records showing how the Clintons sold our uranium to Russia, ripped off Haiti and cut deals with oppressive regimes around the world. We want to see the pay-for-play emails that Clinton’s Chief of Staff, Cheryl Mills, refuses to turn over. We want to see the transcripts of the secret Wall Street speeches Clinton was paid $10,000 dollars-a-minute to give. We want to...
  • How to further undermine the economy

    08/11/2016 10:02:43 PM PDT · by TBP · 13 replies
    Washington Times ^ | Thursday, August 11, 2016 | Donald Lambro
    Throughout his two terms in the White House, Barack Obama has either exaggerated or covered up his failed record on the economy. Soon after taking office in the midst of a deep recession, he said the only way to grow our economy was to blow $1 trillion on government infrastructure projects across the country and fatten the budgets of a lengthy list of federal bureaucracies here in Washington. He raised taxes, created a sea of costly regulations on struggling businesses and employers, and made excuses when the economy continued to limp along year after year, by blaming the Bush administration,...
  • Clinton to portray Trump economic plans as handouts for rich

    08/11/2016 5:58:50 AM PDT · by Olog-hai · 36 replies
    Associated Press ^ | Aug 11, 2016 7:02 AM EDT | Catherine Lucey and Lisa Lerer
    Hillary Clinton is set to go after Donald Trump’s economic agenda — aiming to portray her rival’s approach as offering handouts for the rich. […] Her campaign says she’ll try to make the case that the Republican presidential nominee’s plans would benefit him and his wealthy friends — and amount to an update of “trickle-down economics.” …
  • VIDEO: Trump brings down the house at Detroit Economic Club

    08/09/2016 8:37:14 AM PDT · by Sean_Anthony · 3 replies
    Canada Free Press ^ | 08/09/16 | Dan Calabrese
    Tax cuts. Tax simplification What’s really news about the tax proposal Donald Trump laid out in Detroit yesterday is that it’s basically the same thing Republican House leaders are proposing: Three rates of 12, 25 and 33 percent rather than the seven we have today. He also proposed a special rate of 10 percent for repatriated profits brought home from overseas by companies operating abroad. This has long been one of Herman’s big issues, since we’re talking about hundreds of billions in capital that remain overseas because the companies would have to pay a 35 percent tax on them if...
  • Liberals just discovered something MORE absurd than “white privilege”

    08/09/2016 7:05:43 AM PDT · by Malone LaVeigh · 21 replies
    Allen B. West ^ | August 8, 2016 | Michael Cantrell
    Taxpayers in the uber liberal city of Seattle recently discovered the money being zapped from their paychecks each week is about to be flushed down the toilet in a whole new way as their local government has decided to host two workshops on “white fragility.”
  • Trump Hits a Home Run in Detroit (He sure did)

    08/08/2016 2:47:49 PM PDT · by Kaslin · 40 replies
    Rush Limbaugh.com ^ | August 8, 2016 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: Yeah, I checked in with Trump and his speech at the Economic Club of Detroit, and I gotta tell you: This audience is eating it up. He is bashing Hillary Clinton's economics. I heard him preview what his tax philosophy is, and he practically got a standing ovation on that one. He hasn't gotten into detail yet except on one thing, and in the middle of it when he started talking about only his campaign's reaching out to everybody and trying to unite everybody, some protestor started screeching like Hillary Clinton, and they had to drag her...
  • Governor Palin: Here Is What Quietly Happened On January 1, 2015

    08/08/2016 12:19:15 PM PDT · by ScaniaBoy · 34 replies
    conservatives4palin.com ^ | 7 August, 2016 | Sarah Palin
  • Hillary Latches onto Winning Issues [semi-satire]

    08/08/2016 11:24:34 AM PDT · by John Semmens · 2 replies
    Semi-News/Semi-Satire ^ | 7 August 2016 | John Semmens
    In a bid to boost her post-convention momentum, Democratic presidential nominee Hillary Clinton latched onto two ideas her campaign believes will finally put her over the top. One idea is to appoint outgoing President Obama to the first Supreme Court vacancy available. "One of the things that has got to be depressing a lot of Americans is the prospect of losing the talents of the most extraordinary man to have ever held the presidency," Hillary observed. "While term limits may force him out of his current position the nation could retain his services for decades if we can get him...
  • Here's $49,577,386 That Could Have Gone to Zika Relief

    08/08/2016 7:12:33 AM PDT · by kevcol · 4 replies
    Washington Free Beacon ^ | August 8, 2016 | Elizabeth Harrington
    the Washington Free Beacon has uncovered $49,577,386 worth of questionable NIH studies since the Zika epidemic began in the beginning of 2015. The projects include everything from studying how drunk men look at women to teaching 11-year-old Kenyans how to use condoms. Many of the studies involve behavioral research into obesity, including the now $3,531,925 study into why a majority of lesbians are obese while gay men generally are not, which concluded that gay men have a “greater desire for toned muscles” than straight men. The project is slated to receive additional funding this year. The agency spent $1,679,030 on...
  • Which Candidate Is Better For Your Bottom Line: Trump Or Clinton?

    08/08/2016 6:41:47 AM PDT · by bobsunshine · 35 replies
    The DailyCaller ^ | August 8, 2016 | Robert Donachie
    Democratic and Republican nominees Hillary Clinton and Donald Trump agree that the U.S. tax code needs major changes, but their proposed changes have drastically different effects on Americans’ pocketbooks. Clinton wants to increase taxes on individuals, specifically wealthy Americans, and businesses. She also proposes a significant change to the capital gains tax and wants to expand the estate tax, according to analysis by the Tax Foundation. Trump wants to abolish the estate tax and wants an income tax reduction that encompasses most American families. Let’s get into the specifics of each tax plan and how they impact America’s bottom line....
  • In Chicago, Rahm Emanuel finds a typically Democratic solution to his pension fund problems

    08/07/2016 4:44:23 PM PDT · by Kaslin · 43 replies
    Hot Air.com ^ | August 7, 2016 | JAZZ SHAW
    With all the trouble that Rahm Emanuel has been having in Chicago lately, specifically with unrest surrounding his police department and other scandals, it’s easy to forget that he’s dealing with another serious problem: his city is nearly bankrupt. As with so many other large, Democrat run municipalities, the chief culprit here is the massively underfunded pension system for municipal workers. Their unions negotiated some real sweetheart deals for them over the years, but the costs were completely unsustainable. When the city began to go broke, no real compromise was ever offered by the unions so Rahm is left to...
  • Donald Trump Is Proposing The Biggest Tax Cuts Since Ronald Reagan's Presidency

    08/06/2016 1:39:45 PM PDT · by Innovative · 100 replies
    Fortune Mag. ^ | Aug. 6, 2016 | Madeline Farber
    In a new economic blueprint that is set to unveil next week, Donald Trump will propose one of the biggest tax cuts since Ronald Reagan’s presidency, an advisor to the Republican Presidential nominee told Bloomberg. The proposal will reiterate Trump’s plan to cut the corporate tax rate to 15%, Stephen Moore, who is the chief economist for the Heritage Foundation, and of one of the men on Trump’s 13-member economic advisory team that the Republican presidential candidate announced Friday, said.
  • Hillary Clinton's plan to tax and wipe out the middle-class

    08/06/2016 10:52:15 AM PDT · by mainestategop · 20 replies
    https://www.youtube.com/watch?v=qU__9f0kEb0&feature=gp-n-y&google_comment_id=z13ltx55tpb0jd4s322jgxtrzletuvjlg Hillary Clinton plans to raise taxes for the workers the affluent and middle class. Pay roll taxes and national sales taxes for workers, Higher income taxes for the rest with the middle class bearing the brunt of these taxes. With commentary by Mike Savage Also get a load of some of the people who are gonna benefit the most from these new taxes, yokels, alcoholics, potheads, anarchists, thugs and crazies!
  • IRS Increases 'Marriage Penalty,' Unmarried Cohabitants To Get Twice The Mortgage Interest Deduction

    08/05/2016 9:46:56 PM PDT · by Rabin · 16 replies
    forbes ^ | AUGUST 1, 2016 | Tony Nitti , contributor
    IRS Increases 'Marriage Penalty,' Designated Cohabitants To Get 2 X 3, Prior Mortgage Interest Deduction rates Significant tax hits that come with getting hitched, or as they’ve collectively been coined, the “marriage penalty.” For example, the 28% tax bracket kicks in at $45,577 each income for single, but at only $75,595 for taxpayers declared gander married pairs. In addition, single taxpayers to lose 3% of itemized deductions. In updated, AOD 2016-02, the IRS acquiesced in the Ninth Circuit’s decision in Sophy v. Commissioner, allowed a same-sex, unmarried, co-habiting singel and multi gender couple to each deduct the mortgage interest on...
  • Vanity: Charley Reese's Final column!

    08/05/2016 8:08:47 AM PDT · by V K Lee · 10 replies
    http://www.debatepolitics.com ^ | N/A | Charley Reese
    A very interesting column. COMPLETELY NEUTRAL. Be sure to Read the Poem at the end.. Charley Reese's final column for the Orlando Sentinel... He has been a journalist for 49 years. He is retiring and this is HIS LAST COLUMN. Be sure to read the Tax List at the end. This is about as clear and easy to understand as it can be. The article below is completely neutral, neither anti-republican or democrat. Charlie Reese, a retired reporter for the Orlando Sentinel, has hit the nail directly on the head, defining clearly who it is that in the final analysis...
  • Hillary to Raise Taxes on Middle Class

    08/05/2016 6:52:51 AM PDT · by econjack · 40 replies
    Newsmax ^ | 8/4/2016 | Derpy Murdock
    Standing before am adoring crowd in Omaha on Monday, Hillary Rodham Clinton read from her teleprompter and shouted: “I’m telling you right now, we’re going to write fairer rules for the middle class, and we are going to raise taxes on the middle class.”
  • Why Hillary Clinton’s Tax Plan to Soak Investors Won’t Work

    08/05/2016 4:50:05 AM PDT · by expat_panama · 35 replies
    The Fiscal Times ^ | July 29, 2015 | Rob Garver
    Democratic presidential frontrunner Hillary Clinton last week released a proposal to overhaul the capital gains tax, which is paid on profits from the sale of investments. The detailed plan was designed to counter the pursuit of short-term gain at the expense of long-run investment – what Clinton called “quarterly capitalism” – by making it more expensive to sell stock in public companies that has been held for less than two years. The problem, according to Len Burman, the director of the Urban-Brookings Tax Policy Center, is that it won’t work. “The proposal suffers several defects,” Burman wrote in an analysis...
  • Report: Hillary Clinton would hike taxes by $1.3 trillion

    08/04/2016 12:22:09 PM PDT · by plain talk · 33 replies
    foxnews.com ^ | August 4, 2016 | Elizabeth Harrington
    Hillary Clinton comes up $2.2 trillion short in paying for her policy agenda, despite hiking taxes by $1.3 trillion, according to a new analysis of the Democratic nominee’s campaign platform. Gray found Clinton’s policies for expanding government’s role in family leave and student loans would contribute significantly to the deficit, and in turn a growing national debt that stands at $19.358 trillion. In fact, the amount of debt held by the public alone would reach $25.825 trillion in 2026 under Clinton’s plan. The amount of debt held by the public today is $13.968 trillion.
  • clinton: 'raise taxes on the middle class!' 8-1-2016

    08/04/2016 10:46:33 AM PDT · by GilGil · 41 replies
    https://www.youtube.com/watch?v=7ua13_gYQn0 ^ | 8/1/2016 | KETV video copied by personal Youtube account
    Hillary Clinton tells supporters and paid attendees that she will raise taxes on the "middle class" during a campaign event in Omaha, Nebraska. She is joined by left-wing Democrat billionaire Warren Buffet.
  • Emanuel proposes water, sewer tax to shore up ailing pension fund

    08/04/2016 7:54:59 AM PDT · by ChicagoConservative27 · 43 replies
    Mayor Rahm Emanuel on Wednesday called for a new tax on city water and sewer bills to stabilize the city's largest pension fund, a move he portrayed as his latest tough decision to secure Chicago's financial future. Emanuel's plan, which would increase the average water and sewer bill by 30 percent over the next four years, was quickly met with resistance from some aldermen who argued the city would be better off adding business taxes or even raising property taxes again to come up with the hundreds of millions of dollars a year needed to keep the city's municipal workers'...
  • We are going to raise taxes on the middle class!

    08/04/2016 6:10:33 AM PDT · by The Sons of Liberty · 31 replies
    The Dailywire ^ | August 3, 2016 | Robert Kraychik
    Crowd Cheers Clinton's Call To 'Raise Taxes On The Middle Class' Hillary Clinton called for raising taxes on the “middle class” while campaigning on Monday in Omaha, NE. Joined by left-wing Democrat billionaire Warren Buffett, she received applause from those in attendance. “Because while Warren is standing up for a fairer tax code, Trump wants to cut taxes for the super-rich,” said Clinton. “Well, we’re not going there, my friends. I’m telling you, right now - we’re going to write fairer rules for the middle class and we are going to raise taxes on the middle class!” Presumably a slip...
  • State Dept Spent $185,000 for One Piece of 'Fiber' Artwork

    08/03/2016 7:48:06 PM PDT · by kevcol · 39 replies
    Washington Free Beacon ^ | August 3, 2016 | Elizabeth Harrington
    The piece is made up of 98 balls of thread. "Rather than a sense of constriction, the various sized pieces are like precious small gifts, hiding happy mysteries," writes the art blog "Studio and Garden." "Lares and Penates are Roman deities who protected the household. We might see these small pieces as votive objects, made with a kind of prayerful attention in the repetitive motions of wrapping." The piece was purchased for the New Embassy Compound in Islamabad, which was completed last summer. The $699 million embassy was built using "green construction techniques," uses low-flow faucets, and is "fully compliant"...
  • Crowd Cheers Clinton's Call To 'Raise Taxes On The Middle Class'

    08/03/2016 4:47:03 PM PDT · by Cheerio · 105 replies
    The Daily Wire ^ | August 3, 2016 | Robert Kraychik
    Hillary Clinton called for raising taxes on the “middle class” while campaigning on Monday in Omaha, NE. Joined by left-wing Democrat billionaire Warren Buffett, she received applause from those in attendance. “Because while Warren is standing up for a fairer tax code, Trump wants to cut taxes for the super-rich,” said Clinton. “Well, we’re not going there, my friends. I’m telling you, right now - we’re going to write fairer rules for the middle class and we are going to raise taxes on the middle class!”