Keyword: taxes

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  • IRS Still Hasn’t Changed The Policy It Used To Justify Targeting Tea Party, Conservative Groups

    03/23/2017 11:23:09 AM PDT · by george76 · 12 replies
    The Daily Caller News ^ | 03/22/2017 | Ethan Barton
    An obscure bureaucratic policy that allowed IRS officials to target conservative and Tea Party tax exemption applicants during the 2010 and 2012 election campaigns is still in place, meaning the same abuses may be continuing, according to a nonprofit government watchdog. The federal tax agency’s policy requires IRS officials to stop processing tax-exempt applications that are “likely to attract media or congressional attention,” the Cause of Action Institute said in a report made public Wednesday. The policy also directs IRS officials to prepare “sensitive case reports” for their supervisors and to ignore “the merits of the application” if it involved...
  • Rich New Yorkers Ask State to Raise Their Taxes

    03/22/2017 2:59:02 PM PDT · by Trump20162020 · 26 replies
    NBC News ^ | March 21, 2017 | AP
    ALBANY, N.Y. — Some of the wealthiest New Yorkers are asking the state to raise their taxes. Eighty people including George Soros, Steven Rockefeller and Abigail Disney wrote to lawmakers and Democratic Gov. Andrew Cuomo saying they and other top earners should pay more to support schools, roads, bridges and programs to help poor and homeless residents of the state. "Now is the time to invest in the long-term economic viability of New York," the letter reads. "We need to invest in pathways out of poverty and up the economic ladder for all of our fellow citizens, including strong public...
  • How this tax could make NY a no-go for tech startups

    03/21/2017 8:50:03 PM PDT · by 198ml · 12 replies
    NY Post ^ | 3/21/17 | Julie Samuels
    New York state leads in many things: fashion, finance, food, media, museums — all of which helps attract people and businesses and creates the state’s vibrant and diverse economy. And yet, if Gov. Andrew Cuomo gets his way, New York will lead in another way: Enacting a foolish internet-marketplace tax that’ll hurt the state’s attractiveness to businesses. New York already collects taxes on internet-marketplace sales — like those on Etsy, eBay and Amazon — when those sales occur between a New York seller and a New York buyer. It makes sense because these sales are essentially the same as the...
  • Twitter: Soros Owes up to $6.7 billion in Deferred Taxes

    03/19/2017 5:45:41 PM PDT · by TigerClaws · 68 replies
    Gorge Soros has been deferring taxes due on BILLIONS in income for years In 2017 all that comes due- a potential $6.7 BILLION tax bill! LOL
  • Here's what happened this week that guaranteed Trump's re-election and GOP gains in 2018 and 2020

    03/19/2017 8:19:42 PM PDT · by SeekAndFind · 24 replies
    Washington Examiner ^ | 03/19/2017 | Grover Norquist
    Remember the date of March 13, 2017. It was the day President Trump was guaranteed his re-election and Republican congressional gains in 2018 and 2020. It's not complicated. Follow along. The Congressional Budget Office released its study of Trump and Paul Ryan's plan to repeal Obamacare and begin to reform our healthcare system. It had many numbers. Only two mattered: taxes and spending. CBO announced that the repeal bill reduces taxes by almost $900 billion and reduces federal spending by $1.2 trillion over the next decade. This reduces deficit spending by $300 billion over the next 10 years. Thus the...
  • Tax Returns Prove Trump Not So Smart [semi-satire]

    03/18/2017 11:58:19 AM PDT · by John Semmens · 6 replies
    Semi-News/Semi-Satire ^ | 19 Mar 2017 | John Semmens
    This week, MSNBC’s Rachel Maddow used an illegally obtained copy of Donald Trump’s 2005 federal tax forms to assail the President as “not as smart as he wants everyone to believe he is.” The evidence cited by Maddow was that the tax forms showed Trump paid 25% of his income for 2005 to the federal government. “Here’s this so-called business genius coughing up a quarter of his earnings to the feds,” she mocked. “This compared unfavorably to presumed financial naifs Sen. Barack Obama (D-Ill) and Sen. Bernie Sanders (S-Vt), who paid 18.7% and 13.5%, respectively. It looks like the guys...
  • N.J. OKs $17M in tax credits for company bringing 178 jobs to Trenton

    03/17/2017 8:47:01 PM PDT · by 2ndDivisionVet · 40 replies
    The South Jersey Times ^ | March 17, 2017 | Cristina Rojas
    TRENTON -- A tech company is choosing to relocate to Trenton over Wilmington, Delaware, after securing more than $17 million in state tax credits. The state Economic Development Authority on Thursday approved the Grow New Jersey tax credits for Maestro Technologies, a technology consulting and data management systems firm. Now headquartered in Edison, Maestro has a small office in Watchung and several employees who work remotely or at client sites across the country. CEO Kamal Bathla says the company wanted to centrally locate the staff into a new headquarters to better facilitate training, efficiency and product development. Maestro was deciding...
  • Ronald Reagan reminds us what we're up against

    The taxpayer – that’s someone who works for the federal government but doesn’t have to take a civil-service exam. Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it. Millions of individuals making their own decisions in the marketplace will always allocate resources better than any centralized government planning process. How do you tell a communist? Well, it’s someone who reads Marx and Lenin. And how do you tell an anti-communist? It’s someone who understands Marx and Lenin....
  • Democratic Senators Propose Tax On Painkillers To Combat Opioid Epidemic

    03/17/2017 6:25:34 AM PDT · by kevcol · 57 replies
    Daily Caller News Foundation ^ | March 17, 2017 | Steve Birr
    Democratic lawmakers introduced a proposal to place a fee on opioid prescriptions with the revenue going to combat rampant painkiller and heroin addiction across the U.S. Sen. Chris Murphy and Sen. Richard Blumenthal from Connecticut, a state hit hard by increases in drug overdoses, are calling for a one-cent per-milligram tax to be added to prescriptions for opiate-based painkillers.
  • Rachel Maddow’s Trump ‘bombshell’ completely backfired

    03/16/2017 7:53:38 PM PDT · by TBP · 35 replies
    New York Post ^ | March 16, 2017 | Michael Goodwin
    It wouldn’t be fair to call her Tuesday night show the TV flop seen ’round the world. It was worse than that. Much worse. It was a gut-punch embarrassment to Maddow, to MSNBC, to NBC and to all the lefties who bought her afternoon tweet that “We’ve got Trump tax returns.” Were she selling stocks, she’d be busted for running a pump-and-dump scam. Her scoop, courtesy of journalist David Cay Johnston, was two pages from Trump’s 2005 federal return. It showed income of $153 million, and a tax payment of $38 million. Imagine what was going on with Maddow’s producers...
  • Rogue IRS Felons Vindicate Trump

    03/16/2017 3:32:26 PM PDT · by Kaslin · 15 replies
    American Thinker ^ | March 16, 2017 | Daniel John Sobiesky
    Thanks to Rachel Maddow and MSNBC, we now know Hillary was making things up in the debates when she accused President Trump of nefarious reasons for not releasing his tax returns. And thanks to a reporter nobody heard of, so-called independent journalist David Cay Johnson, we know Trump was right when he said the "mainstream" media is indeed the enemy of the American people. The self-righteous media willingly traffics in stolen goods -- Trump’s illegally leaked 2005 tax returns -- and all they wind up proving is that Trump paid a higher rate of taxes than his peers, and a...
  • California’s Teacher Tax Break (exemption from state income tax)

    03/16/2017 6:55:56 AM PDT · by reaganaut1 · 21 replies
    Wall Street Journal ^ | MARCH 15, 2017
    California schools have many problems, but a teacher shortage isn’t one of them. Democrats in Sacramento nonetheless want to throw millions of dollars at this fake problem by exempting veteran teachers from state income tax while ignoring the real systemic inequities in education. Unions promote the conceit of a teacher shortage whenever they’re seeking more money, which is basically all the time. Over the last six years—that is, since California voters approved a tax hike on the wealthy—state spending on education and the per pupil allotment have increased by 55%. Yet many school districts are now threatening layoffs. Santa Ana...
  • ‘They Got Schlonged!’ Limbaugh Goes to Town Mocking ‘Overrated’ Maddow, ‘Lunatic’ Johnston

    03/15/2017 5:18:53 PM PDT · by Kaslin · 20 replies
    Newsbusters.org ^ | March 15, 2017 | Curtis Houk
    Yes, you read that headline correctly. Leading off his eponymous talk radio show on Wednesday, conservative stalwart Rush Limbaugh lambasted MSNBC host Rachel Maddow and “lunatic” far-left journalist David Cay Johnston over the pathetic release of President Trump’s 2005 tax returns, declaring “they got schlonged” and blinded by their hatred for Trump. Limbaugh emphasized at the onset that not only was Maddow not smart enough to diagnose what Johnston had, but that her “intelligence is vastly overrated and I think way too invested in by people on the left, but people on the left in general, folks, are teetering on...
  • Trump Didn’t Avoid Paying Taxes for 18 Years, as NY Times Suggested

    03/15/2017 5:10:58 PM PDT · by Epoch Times · 22 replies
    Epoch Times ^ | March 15, 2017 | Jack Phillips
    The White House released President Donald Trump’s tax return for 2005 on Tuesday, after MSNBC’s Rachael Maddow publicized reporter David Cay Johnston’s scoop on them. The papers showed that Trump earned around $150 million in income in 2005 and paid $38 million in taxes, disproving an Oct. 1, 2016, New York Times story headlined, “Donald Trump Tax Records Show He Could Have Avoided Taxes for Nearly Two Decades, The Times Found.” The story, posted a month before Election Day, wrote that Trump “declared a $916 million loss on his 1995 income tax returns,” which would have allowed him to “legally...
  • What's Wrong With Rachel Maddow's Trump Income Tax 'Scoop'?

    03/15/2017 1:36:37 PM PDT · by IBD editorial writer · 17 replies
    Investor's Business Daily ^ | 3/15/2017 | Staff
    Media: The mainstream press turned on Rachel Maddow after her disastrous attempt to drum up ratings by hyping a humdrum Donald Trump tax return. Why are they upset? She just did what they've been doing since Trump got elected. After teasing a "huge scoop" on Twitter — that she had Trump's tax returns — Maddow got scooped by the White House, which announced a half-hour before her show started that Trump paid $38 million in taxes in 2005, which was all Maddow had. That's a huge amount of taxes by any standard, and represented 24% of Trump's income that year....
  • Rachel Maddow roasted on Twitter for ‘nothingburger’ Trump tax return reveal

    03/15/2017 2:08:41 PM PDT · by Behind Liberal Lines · 29 replies
    © 2017 Global News, a division of Corus Entertainment Inc. ^ | March 15, 2017 12:35 am | By Jesse Ferreras
    “Nothingburger” was one of a number of terms used to describe MSNBC host Rachel Maddow’s report on Donald Trump‘s 2005 tax return on Tuesday night. In a segment she hyped up on Twitter, Maddow revealed the contents of two pages from Trump’s tax return for that year. The return showed that Trump paid 24 per cent in tax on income of $150 million for the 2005 tax year. That’s about the same amount that a married couple with two incomes totalling around $400,000 might have paid, said David Cay Johnston, the investigative journalist who obtained the return to start with....
  • Trump calls tax document leak 'illegal,' calls reporter a 'weird dude'

    03/15/2017 1:17:01 PM PDT · by Oldeconomybuyer · 26 replies
    ABC News WJLA-TV ^ | March 15, 2017 | by Liz McKernan
    President Donald Trump thinks it was "disgusting" and "illegal" that his 2005 federal tax returns were leaked to MSNBC Tuesday, calling the reporter who obtained them a "weird dude". The two-page document stated he earned $153 million and paid $36.5 million in taxes for that year. "I paid a lot of tax, paid $38 million in tax, that doesn’t include sales taxes and real estate taxes and lots of other taxes – don’t forget. But I paid a lot of tax and I employed a lot of people and I made money – made good money." Trump said he had...
  • Op-Ed: Donald Trump just got a nice victory, thanks, of all people, to Rachel Maddow

    03/15/2017 10:00:08 AM PDT · by Signalman · 18 replies
    CNBC ^ | 3/15/2017 | Jay Yarrow
    On her Tuesday show, Rachel Maddow teased a scoop: She had Donald Trump's 2005 tax returns. It was the first time his federal returns would be released. Small digression: MSNBC's Maddow didn't have them. Investigative reporter David Cay Johnston got them, and went on her show to talk about it. Anyway, when she finally revealed what was in the taxes, it was not a huge deal. Trump earned about $150 million in income in 2005, and paid $38 million in taxes, thanks to the alternative minimum tax, which he wants to kill. This gives Trump an effective tax rate of...
  • Today's Campaign Update (Because The Campaign Never Ends) - 3.15.2017

    03/15/2017 8:34:46 AM PDT · by EyesOfTX · 1 replies
    DB Daily Update ^ | 3.15.2017 | David Blackmon
    Today’s Campaign Update (Because The Campaign Never Ends) – 3.15.2017 March 15, 2017 by David Blackmon Honestly, I’m not sure even congressional Republicans can screw this one up.: Congressional Democrats, after having spent the last 20 years squealing like stuck pigs about what a sacrilege it is whenever the Republicans have caused about 14% of the federal government to be shut down in a budget or debt ceiling fight, are now threatening to fight funding for President Trump’s border wall by …wait for it…wait for it…SHUTTING DOWN THE DAMN GOVERNMENT! The proper GOP response to this threat is possibly the...
  • Flashback Clinton Says Trump Might Be Avoiding Releasing Taxes To Hide ‘That He’s Paid Nothing’

    03/15/2017 7:07:08 AM PDT · by Enlightened1 · 19 replies
    Breitbart ^ | 03/14/17 | IAN HANCHETT
    During the September 26, 2016 presidential debate, Democratic presidential nominee former Secretary of State Hillary Clinton speculated that one reason Donald Trump might not have released his tax returns is that “he doesn’t want the American people, all of you watching tonight, to know that he’s paid nothing in federal taxes.”   Clinton said, “So you’ve gotta ask yourself, why won’t he release his tax returns? And I think there may be a couple of reasons. First, maybe he’s not as rich as he says he is. Second, maybe he’s not as charitable as he claims to be. Third,...
  • Report: Trump’s 2005 Taxes Revealed [shameless Fake News within]

    03/14/2017 8:18:56 PM PDT · by Leaning Right · 21 replies
    The Daily Beast ^ | March 14, 2017 | not attributed
    Donald Trump earned more than $150 million in the year 2005—and paid just a small percentage of that in regular federal income taxes. *snip* The documents show Trump and his wife Melania paying $5.3 million in regular federal income tax—a rate of less than 4% However, the Trumps paid an additional $31 million in the “alternative minimum tax,” or AMT.
  • Trump pulled the rug from underneath Rachel Maddow’s great big tax scoop

    03/14/2017 7:34:36 PM PDT · by 2ndDivisionVet · 45 replies
    The Blaze ^ | March 14, 2017 | Carlos Garcia
    President Trump may have pulled the most epic political trolling since, well since the last time he did something like this to a political opponent. MSNBC’s Rachel Maddow was set to release a big scoop about Trump’s taxes Tuesday, when the White House went and released them right before her show began. Here was the announcement of the scoop that set the political world aflutter from Rachel Maddow’s Twitter account: (TWEET-AT-LINK) She later added the clarification explaining what she had in her possession, writing, “What we’ve got is from 2005… the President’s 1040 form… details to come tonight 9PM ET,...
  • Rachel Maddow Goes for Ratings Hit by Releasing Trump Taxes… But it BACKFIRES Instead

    03/14/2017 7:33:33 PM PDT · by montag813 · 59 replies
    TRN ^ | 03/14/2017 | Gina Cassini
    by Gina Cassini | Top Right NewsIt was hyped for hours by the entire liberal fake media complex... MSNBC's Rachel Maddow had obtained a leaked copy of Donald J. Trump's tax returns -- and would reveal them live on the air Tuesday night. This was it! At last this would be the end for Trump. Democrats buzzed with anticipation like kids on Christmas morning. Then Maddow's show began -- and she spent a full 24 minutes doing...NOTHING. Just blabbing on about one Trump conspiracy theory after another before finally releasing a mere 2 pages of Trump's 2005 IRS Form 1040.But meanwhile the...
  • Detroit Redefines 'Annual' To Take Much Bigger Income Tax Bite From Pro Athletes

    03/14/2017 9:41:11 AM PDT · by MichCapCon · 16 replies
    Michigan Capitol Confidential ^ | 3/13/2017 | Tom Gantert
    The city of Detroit will get a tax collection boost once the Pistons basketball team relocates to a new downtown arena. The boost will come not from the arena, but from a city income tax levy on professional athletes that reaches far more deeply into their wallets than other non-residents who work part-time in the city. The city has created its own formula for defining the days supposedly covered by the salaries earned by professional football, baseball and hockey players. The definitions have the effect of greatly increasing the tax bite on players who don’t live in Detroit. Basketball moves...
  • Most of These Republicans Ran On Low Taxes; But All Voted to Keep Them High

    03/13/2017 12:32:29 PM PDT · by MichCapCon · 4 replies
    Michigan Capitol Confidential ^ | 3/9/2017 | Jarrett Skorup
    All House Democrats except one joined 12 Republicans to defeat a bill that would have slightly lowered Michigan’s income tax rate. A review of their campaign record shows that most of the GOP members ran on a record of lower taxes and a smaller state government. In 2007, Gov. Jennifer Granholm and Democrats in the Michigan Legislature — with the help of a few Republicans — pushed through an 11.5 percent income tax hike in the early hours of the morning on a deadline. At the time, the state was running a projected budget deficit and the tax hike was...
  • Pushing Back Against Government Takings

    03/13/2017 11:13:37 AM PDT · by MichCapCon
    Michigan Capitol Confidential ^ | 3/3/2017 | Jarrett Skorup
    While Michigan strongly protects people from eminent domain, there are still cases where governments violate the private property rights of citizens. A bill introduced in the House would provide remedies when the state goes too far. While the practice of government taking private property for “public use” has been allowed since the founding of America, public entities started to expand their definition of the term toward the end of the 20th century. After the Kelo case, where a town took a woman's home to give to a private business for "economic development," citizens across the nation pushed back by passing...
  • Nigerian welfare scam

    03/13/2017 10:34:00 AM PDT · by KeyLargo · 11 replies
    This Ain't Hell ^ | March 13, 2017 | John Lilyea
    Nigerian welfare scam Jonn Lilyea | March 13, 2017 | 25 Comments Bobo sends a link to the story of an Arlington, Virginia woman, Helen Agbapuruonwu, who has been collecting welfare benefits for the last six years, while her husband, Fidelis Agbapuruonwu, was earning a seven figure income as a lawyer with the DC firm of Mayer Brown. She’s been arrested while folks believe that Fidelis, a Nigerian immigrant, has “fled the country and is somewhere in Africa.” Police say a six-month investigation into Helen Agbapuruonwu, 41, found that the mother of four had collected benefits like food stamps and...
  • Trump to order government-wide review of wasteful spending

    03/13/2017 10:28:50 AM PDT · by kevcol · 15 replies
    The Washington Examiner ^ | March 13, 2017 | Gabby Morrongiello
    President Trump will issue a new memorandum on Monday that requires every executive agency to conduct an internal review of how their funding is being abused and what changes they can pursue to operate more efficiently. . . . Some federal officials have said they fear the president's budget will lead to massive layoffs at the State Department and Environmental Protection Agency, among other departments.
  • Illinois pitches sales tax for Netflix, Spotify, other streaming services

    03/12/2017 7:52:52 AM PDT · by KeyLargo · 23 replies
    Illinois Policy Center ^ | March 3, 2017 | Joe Kaiser
    Illinois pitches sales tax for Netflix, Spotify, other streaming services Joe Kaiser The city issued notice in November 2016 that it was again expanding its 9 percent amusement tax, this time to businesses subscribing to paid programming – a creative way to skirt federal law prohibiting taxing satellite providers the same as cable providers, the latter of which the city already taxes. By directly taxing businesses – such as restaurants or bars that subscribe to satellite TV for sports packages – the tax is imposed directly on the consumer rather than the satellite provider. This means each business that buys...
  • $611,318,000,000: Individual Income Taxes Set Record Through February (2017)

    03/11/2017 4:33:05 PM PST · by NYer · 11 replies
    CNS ^ | March 10, 2017 | Terence P. Jeffrey
    (CNSNews.com) - The federal government collected a record of approximately $611,318,000,000 in individual income tax revenues through the first five months of fiscal 2017 (Oct. 1, 2016 through the end of February), according to the Monthly Treasury Statement released today.That is about $6,733,300,000 more than the $604,584,700,000 in individual income taxes (in constant 2017 dollars) that the federal government collected through the first five months of fiscal 2016.Despite collecting a record amount in individual income taxes, the Treasury still ran a $348,984,000,000 deficit in the first five months of this fiscal year.Social Security and other payroll taxes also increased in...
  • California Spending May Doom The Boom

    03/10/2017 10:38:15 PM PST · by 198ml · 33 replies
    IBD ^ | 3/10/17 | Terry Jones
    California has had its share of calamities in recent years: Drought, followed by massively heavy rains. Multiple secession movements. A sharp demographic and economic split between the wealthy coastal elites and rural inland dwellers. Soaring pension liabilities. The departure of thousands of the state's businesses. But none of these have been as disastrous as California's self-inflicted fiscal wounds, which have made the state's finances not only highly volatile but threaten the state's very future as a center of innovation and technology.
  • White House Pushes Back on McConnell: We're Getting Tax Reform Done By August

    03/09/2017 12:17:49 PM PST · by conservativepoet · 69 replies
    Townhall ^ | 3/9/2017 | Katie Pavlich
    But the White House is strongly pushing back on McConnell's increased timeline, with Press Secretary Sean Spicer saying the August deadline for a comprehensive tax overhaul still stands. "I think we feel confident that we're going to get a lot done," Spicer said.
  • Sugar: A Bitter Aftertaste

    03/09/2017 10:56:34 AM PST · by nickcarraway · 74 replies
    Sugar is the new tobacco. It may take a dozen years for that to sink in the way nicotine and cancer did but the outcome will be sugar and diabetes. A steady drumbeat of news stories now is focusing attention on sugar’s public cost. Santa Fe Mayor Javier Gonzales’s proposal to put a 2-cent tax on sugary sodas is the latest event. It would be a wholesale tax so the buyer would not see it at the counter and because the mayor proposes the tax to fund pre-school education, it has a worthy cause. But if he really wanted a...
  • Liberal Group Says Income Tax Cut Means Cops and Firefighters May Not Show Up

    03/09/2017 10:10:05 AM PST · by MichCapCon · 18 replies
    Capitol Confidential ^ | 3/9/2017 | Tom Gantert
    Gilda Jacobs, a former Democratic lawmaker and current president of the Michigan League for Public Policy, implied in testimony last week that a minor reduction in the state income tax rate would threaten basic community services like police and fire departments. “People are worried whether or not a police car or a fire department is going to show up if they have an emergency at their home,” Jacobs told the House Tax Policy Committee. “Because that’s exactly what’s going to happen when we have tax cuts like this because as we point out, this money has to come from someplace.”...
  • Soda Tax Causes Layoffs and Losses in Philadelphia

    03/07/2017 5:49:22 PM PST · by kevcol · 20 replies
    Washington Free Beacon ^ | March 7, 2017 | Ali Meyer
    Since Jan. 1, the city of Philadelphia has implemented a 1.5 cent per ounce tax on soda and other sweetened beverages, causing businesses to incur losses and lay off workers, the New York Post reported. PepsiCo announced last week that it saw a 43 percent drop in business because of the new tax and would lay off 80 to 100 employees over the next few months. Canada Dry also has eliminated positions due to declining business.
  • Illinois Is Prepared—for Zombies The state readies for an undead apocalypse -financial

    03/07/2017 3:07:13 PM PST · by KeyLargo · 17 replies
    WSJ ^ | March 6, 2017 | Gerald Skoning
    Illinois Is Prepared—for Zombies The state readies for an undead apocalypse while its financial situation grows worse. Gerald Skoning Illinois’s state lawmakers are busy these days, but not with trying to reform the pension system or improve Springfield’s dismal bond rating. Instead, they’re moving to designate October 2017 as Zombie Preparedness Month. This may sound like a joke, but it’s (un)deadly serious: A resolution adopted by the state House last month contends that “while a Zombie Apocalypse may never happen, the preparation for such an event is the same as for any natural disaster.” Residents are urged to “create a...
  • The James Baker-George Shultz Carbon-Tax Plan Is a Bad Deal for Americans

    02/14/2017 10:49:26 AM PST · by SeekAndFind · 10 replies
    National Review ^ | 02/14/2017 | Rupert Darwall
    The fact that it’s being proposed by Republicans doesn’t make it any more economically palatable. Madness is rare in individuals — but in groups, parties, nations, and ages it is the rule — Friedrich Nietzsche ‘Cap and trade was just one way of skinning the cat; it was not the only way,” Barack Obama declared after Democrats’ disastrous losses in the 2010 midterm elections. That shellacking finally killed off the Waxman-Markey cap-and-trade bill. From it was born the EPA’s Clean Power Plan and the Obama administration’s war on coal, in turn a contributory factor to Donald Trump’s election and Republicans’...
  • New York Times Columnist Encourages IRS Agents To Commit Felony By Leaking Trump’s Taxes

    03/06/2017 3:48:32 PM PST · by SeekAndFind · 44 replies
    Daily Caller ^ | 03/06/2017 | Chuck Ross
    A New York Times columnist is encouraging IRS employees to commit a felony by leaking Donald Trump’s tax returns to his newspaper. “If you’re in IRS and have a certain president’s tax return that you’d like to leak, my address is: NYT, 620 Eighth Ave, NY NY 10018,” Nicholas Kristof wrote on Twitter on Sunday. Kristof, a liberal who writes about global affairs, was responding to a tweet from Vox.com editor Matt Yglesias who marveled that the IRS rarely leaks tax information. One reason for that is because doing so constitutes a felony. The unauthorized release of an individuals’ tax...
  • The Cost of High Cigarette Taxes

    03/06/2017 8:47:02 AM PST · by MichCapCon · 16 replies
    Michigan Capitol Confidential ^ | 3/2/2017 | Michael LaFaive
    Cigarette tax increases are often justified on the belief that they will force people to quit smoking, but new research from the Mackinac Center for Public Policy and the Tax Foundation suggests that many smokers aren’t kicking the habit. Instead, they are turning to the black market for cheaper smokes. “Excessive tax rates on cigarettes approach de facto prohibition in some states, inducing black and gray market movement of tobacco products into high-tax states from low-tax states or foreign sources,” Tax Foundation economists Scott Drenkard and Joseph Henchman told the Washington Examiner. Drenkard co-authored the new study — Cigarette Taxes...
  • Population Controllers to Vatican: ‘Responsible Parenthood’ Has Failed. Use ‘Taxes and Regulations'

    03/02/2017 7:38:22 PM PST · by marshmallow · 12 replies
    LifeSite News ^ | 3/2/17 | Jeanne Smits
    March 2, 2017 (LifeSiteNews) -- Population controllers told the Vatican at a conference this week that the Catholic teaching of “responsible parenthood” in determining family size has “result[ed] in collective failure” in reducing the world’s population. They suggested that the only way to stop the exhaustion of “humanity’s natural capital” is by imposing a system of “taxes and regulations” that would help modify “social norms of behaviour.” This week’s Vatican symposium on Biological Extinction, sponsored by the Pontifical Academy of Sciences and the Pontifical Academy of Social Sciences was a closed-door event. Speaking at the event were two controversial figures,...
  • Investors Love Trump, Pushing Dow Over 21,000 Points for First Time

    03/01/2017 2:20:07 PM PST · by Enlightened1 · 15 replies
    Breitbart ^ | 03/01/17 | Breitbart News
    Investors reacted positively from President Donald Trump’s Tuesday night address to Congress, pushing the Dow Jones industrial average above 21,000 points Wednesday for the first time in its history. Banks, financial institutions, companies in the energy and materials sector saw huge gains as Trump reaffirmed during his speech his plans to cut taxes and push for other business-friendly policies. The Dow jumped 242 points, or 1.2 percent, to 21,055 as of 10:07 a.m. Eastern Time. The Standard & Poor’s 500 index gained 24 points, or 1 percent, to 2,387. The Nasdaq composite index added 59 points, or 1 percent, to...
  • School Hosts Advocacy Session for Tax Hike in Front of Students

    02/27/2017 12:37:01 PM PST · by MichCapCon · 1 replies
    Michigan Capitol Confidential ^ | 2/24/2017 | Jarrett Skorup
    During school hours, in front of students, Vassar Public Schools held an event which explicitly advocated for a school millage request. A panel that featured a private citizen and a group of administrators was videotaped and put up on the district’s Facebook page. The high school brought in the host of the local Cass River Radio Podcast for a 45-minute discussion with the district’s superintendent, high school principal, alternative education principal, community family liaison and technology director. During the talk, the panel did the following: Directed students to the pro-bond website and Facebook page. Said there are “neat things going...
  • Let’s Ditch the Border Adjustment Tax Plan

    02/27/2017 8:16:00 AM PST · by reaganaut1 · 10 replies
    Barron's ^ | February 25, 2017 | GENE EPSTEIN
    If you like complexity in the federal tax code, you’ll undoubtedly love the proposed border adjustment tax. The BAT should also appeal to wonkish types whose idea of fun is puzzling through the impact of a major tax change. Dissenters will include tax simplifiers, and those who object to the uncertainty and disruption that the BAT surely will bring to an economy that badly needs a break from disruption and uncertainty. The House Republican tax plan would cut the top rate on corporate profits to 20% from 35%. Having proposed a decrease to 22%, I can hardly object to a...
  • Md.'s real transportation woes

    02/27/2017 7:34:58 AM PST · by Tolerance Sucks Rocks · 11 replies
    The Baltimore Sun ^ | January 31, 2017 | Brian Dolan, Maryland Asphalt Association
    The 2017 Maryland General Assembly session recently started with several issues receiving the majority of attention. We have all heard about both medical marijuana and Gov. Larry Hogan's "road kill bill." As someone who has spent a lifetime involved in the highway industry, I would like to share my thoughts on the latter topic ("Hogan's 'road kill bill' lie," Jan. 5).We have all noticed the severe deterioration in our highway system, be it local, state or interstate. There are many reasons for this and I will share them all with you. However, the overriding principle is that our roads are...
  • Connecticut Ranked As State With Worst Fiscal Status – Second Only To Puerto Rico

    02/26/2017 10:12:15 PM PST · by RC one · 46 replies
    Breitbart ^ | 3 Jun 2016 | Dr. Susan Berry 3 Jun 2016
    Connecticut – led by a Democrat legislature and governor and represented by an entirely Democrat congressional delegation – ranks as dead last among the states, owing largely to its massive debt obligations and unfunded liabilities. According to Mercatus, Connecticut’s fiscal state is “poor across all categories,” which cover cash, budget, long-term, citizen service-level, and trust fund solvency. The study finds: On the basis of its fiscal solvency in five separate categories, Connecticut ranks 50th among the US states and Puerto Rico for its fiscal health. Connecticut’s fiscal position is poor across all categories. With between only 0.46 and 1.19 times...
  • Disgraced Gov. refuses to follow federal law on immigration, half his state wants to leave – but can

    02/26/2017 6:03:56 PM PST · by 2ndDivisionVet · 52 replies
    Bloody Rubbish ^ | February 23, 2017 | Robert Willis
    Connecticut residents are fleeing in large numbers to escape their state government. It’s known to locals as the Connecticut Exodus. The once-beautiful state has been leveled by an abusive Democratic-majority government. Even the few Republicans actually holding office would be considered Democrats in other regions of the country. It’s called the bluest state in the nation, and I think it would be hard to argue it isn’t the California of the east — minus the jobs, companies, good weather and innovation, of course. Outsiders think of Connecticut as a rich state in the northeast; many don’t know that they have...
  • Treasury Secretary Mnuchin: We're committed to 'very significant' tax reform by August recess

    02/25/2017 6:16:36 PM PST · by 1rudeboy · 15 replies
    CNBC ^ | February 23, 2017 | Jacob Pramuk
    Treasury Secretary Steven Mnuchin said Thursday that he wants to see "very significant" tax reform passed before Congress' August recess, in what could prove a tough task as lawmakers work through a complex agenda. "We want to get this done by the August recess. We've been working closely with the leadership in the House and the Senate and we're looking at a combined plan," he told CNBC in his first television interview since assuming office. President Donald Trump has repeatedly made pledges for tax reform and regulatory cuts since he took office, creating optimism among business executives and investors. So...
  • As Trump Unmuzzles the American Economy, Rosy Scenario Will Become Economic Reality

    02/25/2017 7:01:51 AM PST · by SeekAndFind · 16 replies
    National Review ^ | 02/24/2017 | Larry Kudlow
    Virtually the whole world is beating up on the Trump administration for daring to predict that low marginal tax rates, regulatory rollbacks, and the repeal of Obamacare will generate 3 to 3.5 percent economic growth in the years ahead. In a CNBC interview last week, Treasury Secretary Steven Mnuchin held the line on this forecast. He also argued the need for dynamic budget scoring to capture the effects of faster growth. Good for him. But what’s so interesting about all the economic-growth naysaying today is that President Obama’s first budget forecast roughly eight years ago was much rosier than...
  • Feds Spent $50,000 Studying Bigfoot

    02/23/2017 4:56:55 AM PST · by kevcol · 31 replies
    Washington Free Beacon ^ | February 23, 2017 | Elizabeth Harrington
    The National Park Service is spending $50,000 researching Bigfoot, sea monsters, unexplained lights, and other paranormal activity. Kawerak Inc., a nonprofit group that serves people of Eskimo, Aleut, or American-Indian descent in the Bering Strait region between Alaska and Russia, received the grant last year. The organization illustrates its project with a picture of "Hairy Man," a mythical Bigfoot-like creature.
  • Give Taxpayers the Income Tax Cut They Deserve

    02/22/2017 7:58:46 AM PST · by MichCapCon
    Michigan Capitol Confidential ^ | 2/21/2017 | James Hohman
    Some modest proposals to reduce the income tax have been introduced in the state Legislature. This triggered a backlash from pundits and politicians as they defend current spending levels by forecasting doom if the state dares to let Michigan families and small businesses keep more of their own money. But Michigan’s economy has been in growth mode for half a decade, putting more money in the state treasury year after year. Lawmakers can afford to give residents the income tax cut they deserve. In 2007, the state hiked the income tax from 3.9 percent to 4.35 percent to plug a...