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Keyword: taxincrease

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  • Puerto Rico's 'death spiral' can be traced back to one mistake

    08/07/2015 9:27:38 AM PDT · by SeekAndFind · 6 replies
    Business Insider ^ | 08/07/2015 | Linette Lopez
    Puerto Rico is $72 billion in debt, and it will take a painful process to bring the island's finances back from the brink. It's a massive debt load for such a small territory, and the problem can really be traced to one issue — bad tax policy. After Puerto Rico let one tax break for manufacturers expire almost a decade ago, manufacturers started shutting down operations on the island. That caused a spike in unemployment. On top of that, business-friendly tax policies for some of the companies that remained allowed multinational giants to pay tax rates of little more than...
  • Donald Trump Want’s [sic] Americans to Pay a 35% Tax on New Cars

    06/17/2015 3:29:54 AM PDT · by z taxman · 69 replies
    Godfather Politics ^ | 6/10/2015 | Gary De Mar
    Donald Trump wants to run for president. He says he can beat Hillary. Sometimes Donald Trump has something good things to say, and sometimes he makes me shake my head in disbelief. ... Here is one of Trump’s economic solutions. “He said Ford and other companies looking to move manufacturing to Mexico or overseas should face a 35 percent tax when they ship the goods back to the U.S. That would bring the plants back home, he argued. ‘That’s what’s going to happen, and there are hundreds, thousands of those deals,’ he said. ‘I will make this country so rich...
  • Nevada GOP governor secures unlikely win with tax increase

    06/02/2015 7:39:22 AM PDT · by Olog-hai · 4 replies
    Associated Press ^ | Jun 2, 2015 4:06 AM EDT | Michelle Rindels
    Nevada’s Republican governor, Brian Sandoval, secured an unlikely victory when the conservative state Legislature approved a huge tax increase at his urging as part of a plan to boost education spending. The $1.1 billion package raises taxes on businesses and cigarettes, and it makes permanent a $500 million bundle of temporary payroll and sales taxes. Sandoval’s win on Monday came on the last day of the legislative session, and the proposal’s fate had been in doubt until late Sunday when several skeptical Republicans in the state Assembly pledged support. The plan had faced vocal resistance for months, led by anti-tax...
  • Transportation funding bill headed to governor's desk (Massive tax increase)

    04/01/2015 4:12:02 AM PDT · by from occupied ga · 17 replies
    wsbradio ^ | Sandra Parrish
    A nearly $1 billion dollar transportation funding bill is on its way to Gov. Nathan Deal after a late night compromise is passed by the state House and Senate.The two sides agreed to convert from a state sales tax on motor fuel to an excise tax of 26 cents per gallon for passenger vehicles and 29 cents for tractor trailers.Semis would also be required to pay an impact fee of $50 to $100 based on weight.“Those trucks are the ones doing the most damage to our roads; we felt like that was a small, nominal fee for them to pay...
  • Road builders want 15-cent gas tax hike

    03/12/2015 10:45:58 AM PDT · by C19fan · 26 replies
    The Hill ^ | March 12, 2015 | Keith Laing
    A group representing road builders said Thursday that the federal gas tax should be increased by 15 cents per gallon to help pay for infrastructure improvements. The American Road & Transportation Builders Association (ARTBA) said increasing the gas tax this year would raise $401 billion for new transportation spending. The gas tax hike could be offset with a “federal tax rebate for middle and lower income Americans for six years,” the group suggested.
  • (Democrat Governor) Wolf wants Pennsylvania income, sales tax increase

    03/03/2015 1:07:25 AM PST · by prisoner6 · 26 replies
    Pittsburgh Post-Gazette ^ | March 3, 2015 | Karen Langley
    Gov. Tom Wolf is expected to call today for the Republican-controlled General Assembly to send him a budget that boosts state education funding and provides relief for school district property taxes while raising the rates of the sales and personal income taxes. His plan for doing so includes a proposal to raise the personal income tax rate in July 2015 from 3.07 percent to 3.7 percent, while increasing the eligibility for a poverty exemption, according to a briefing document prepared by the administration. He will propose increasing the state sales tax in July 2016 from 6 to 6.6 percent while...
  • Obama's Tax on Stay-At-Home Moms

    01/21/2015 1:03:49 PM PST · by Kaslin · 10 replies
    Townhall.com ^ | January 21, 2015 | Terry Jeffrey
    resident Obama's disrespect for motherhood has manifested itself in policies ranging from support for same-sex marriage to defense of a form of abortion that involves forcing a baby into a drug-induced premature delivery and then leaving that little one to die. When it comes to the most vulnerable and innocent human beings -- those for whom great mothers have great hearts -- Obama has a heart of stone. It is demonstrably true that he does not believe a child has a right to a mother or a need for a mother. If he did, he could not support same-sex marriages...
  • Obama plans to increase taxes on couples making more than $500,000 to 28% to 'help middle class'

    01/18/2015 3:26:44 PM PST · by Libloather · 34 replies
    Daily Mail ^ | 1/18/15
    **SNIP** Obama will ask lawmakers to close a loophole allowing capital gains on inherited funds to go untaxed -- a so-called "trust fund" loophole the White House says allows billions of dollars in capital gains to go untapped by the government every year. The administration’s proposal would exempt the first $200,000 in capital gains per couple plus $500,000 for a home, along with all personal property except for valuable art and collectibles. The rest would be treated for income-tax purposes as if it had been sold. The total amount of money raised for the government by these actions would be...
  • The Coming Obamacare Shock for 170 Million Americans

    04/04/2014 1:42:41 AM PDT · by kingattax · 24 replies
    Yahoo/The Fiscal Times ^ | April 3, 2014 | Edward Morrissey
    Barack Obama declared victory this week as the deadline to avoid the penalty for the individual mandate to carry health insurance passed on Monday. “The Affordable Care Act is here to stay,” the President insisted as he announced that 7.1 million people had enrolled in private insurance through Obamacare. “The debate over repealing this law is over.” Consider that presidential wish casting in a midterm cycle in which Democrats will have to constantly defend their support for the unpopular law. As Jimmy Fallon pointed out later the same evening, the numbers were neither impressive nor reliable. “It’s amazing what you...
  • New U.S. 2014 Tax Regime is "Devastating," Experts Say

    12/30/2013 11:22:19 PM PST · by VitacoreVision · 18 replies
    The New American ^ | 30 December 2013 | Alex Newman
    A new IRS tax regime in 2014 will be devastating for the U.S. economy, and for millions of Americans working abroad, especially those in the middle class. New U.S. Tax Regime is "Devastating," Experts Say The New American 30 December 2013 Already facing “pariah” status worldwide due to onerous IRS requirements, millions of Americans living and working abroad are preparing to deal with a deluge of even bigger problems in 2014, when a byzantine new tax regime starts going into effect. Known as the Foreign Account Tax Compliance Act, or FATCA, the deeply controversial and incredibly complex scheme is...
  • Pennsylvania's Republican Governor Signs The Second Largest Tax Hike Ever Today

    11/25/2013 6:35:48 AM PST · by Nextrush · 50 replies
    11/25/2013 | Self
    Republican Governor Tom Corbett, who announced he's running for re-election next year, likes to tell Pennsylvanians he hasn't raised taxes. He ran for office four years ago saying he wouldn't raise taxes. But that's exactly what he is doing today when he signs a "transportation funding bill" to fix roads and bridges along with subsidizing public transportation systems (especially in the Philadelphia-Pittsburgh areas). The bill replaces an out in the open 12 cent a gallon gas tax at the pump with a backroom tax on gas at its wholesale price. It also raises registration fees for vehicles in the state...
  • The Hidden Obamacare Taxes That Will Crush The Middle Class(news 4 those who chose not to read bill)

    11/14/2013 11:06:18 AM PST · by bestintxas · 31 replies
    moneymorning ^ | 11/14/13
    Get ready to be blindsided by a barrage of new taxes. $1 trillion worth... They'll be coming courtesy of the Affordable Care Act, otherwise known as Obamacare. And they won't just be affecting those who make over $250,000. The bulk of these taxes will be passed on directly to the middle class. That's because while a majority of these "stealth taxes" were designed to be taxes on businesses, they're actually transferred directly to ordinary citizens. They include the investment income surtax, a Medicare payroll tax, even a "tanning tax" on those who utilize indoor tanning services. "Many of those [hidden]...
  • Heritage Chart Illustrates Higher Health Insurance Premiums After Obamacare

    10/17/2013 3:18:10 PM PDT · by Kaslin · 12 replies
    Rush Limbaugh.com ^ | October 17, 2013 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: Right here my formerly nicotine-stained fingers. It prints out perfectly on one page. I will show it to you. Yep. I'll show it to you there on the Dittocam. That's what it looks like. What it does, is state by state it tells you what your health insurance premiums were before Obamacare and the exchanges, what they will be after (i.e., when you go there), and what percentage change it is for an adult age 27, an adult age 50, and a family of four. Now, I'm gonna show you this. If you look at the colors,...
  • Affordable Care Act driving some premiums up

    10/15/2013 8:27:21 PM PDT · by Oldeconomybuyer · 49 replies
    ABC-7 San Francisco ^ | October 15, 2013 | By Michael Finney
    SAN FRANCISCO - One reason the Republicans are so adamantly against Obamacare, is that it's driving individual insurance premiums up. And with the law now kicking in, the bills are coming due. In looking into this, we talked to health insurance companies, and representatives of Covered California, agency implementing the Affordable Care Act in California. What they told us may be a bitter pill to swallow, for those who will pay more. Cynthia Jaynes thought her family would benefit from the Affordable Care Act. The author of several young adult books says her family will see a minimum 11 percent...
  • Over 30 Senate Democrats vote to repeal the medical device tax (Now Carrot for McConnell)

    10/14/2013 10:30:10 AM PDT · by Sybeck1 · 39 replies
    Hotair ^ | 3/14/13 | Erika Johnsen
    As I mentioned yesterday, the medical device tax that went into effect last January is just one of the many insidious job-killing measures contained within ObamaCare, but it is an especially terrible one. The 2.3 percent excise tax is meant to raise a handsome $30 billion to pay for ObamaCare over the next decade, except that, added bonus: It’s going to stifle innovation and competition in an industry that provides all manner of life-saving medical devices, from MRIs to pacemakers to blood tubes. And this hasn’t just been a Republican refrain, by the way. Thursday night, the Senate voted overwhelmingly...
  • North Carolinians Shocked By The Size Of Insurance Premium Increases Caused By Obamacare

    10/07/2013 9:21:56 AM PDT · by Maelstorm · 63 replies
    http://www.thegatewaypundit.com ^ | October 7, 2013 | By John Hawkins
    How many Americans are being smashed by these same sort of crushing financial blows because of Obamacare? Across North Carolina, thousands of people have been shocked in recent weeks to find out their health insurance plans will be canceled at the end of the year – and premiums for comparable coverage could increase sharply. One of them is George Schwab of Charlotte, who pays $228 a month for his family’s $10,000 deductible plan from Blue Cross and Blue Shield of North Carolina. In a Sept. 23 letter, Blue Cross notified him that his current plan doesn’t meet benefit requirements outlined...
  • Government Shutdown to Delay EPA $1 Gallon Gas Price Hike

    10/01/2013 10:14:36 AM PDT · by SeekAndFind · 78 replies
    FrontPage Mag ^ | 10/01/2013 | Daniel Greenfield
    As the death toll for Government Shutdown Apocalypse 2013 continues to grow, it appears that the EPA’s plans to make it even more expensive for Americans to drive a car were “shut down” by the government shutdown. The U.S. Environmental Protection Agency will take one of the biggest hits of any federal agency if the government shuts down this week, operating with under 7 percent of its employees, according to guidance issued by the agency. Just think of how much less the EPA will be able to do with only 7 percent of its employees. That EPA SWAT Team may...
  • Black Liberals Explain Why Virtually Everyone Hates ObamaCare

    09/24/2013 6:09:44 PM PDT · by markomalley · 31 replies
    Moonbattery ^ | 9/24/2013
    Dan Joseph went to the Congressional Black Caucus Annual Legislative Conference to find out why people don’t like ObamaCare. Surprisingly, it isn’t because ObamaCare is predictably causing the cost of healthcare to shoot through the stratosphere: Only racism, ignorance, greed, and a liberal media that is not liberal enough could explain the ingratitude of the American people in the face of such a generous gift from our power-mad moonbat rulers as ObamaCare. Unless it’s because of this:

    09/24/2013 12:03:42 PM PDT · by Bigtigermike · 44 replies
    Brietbart ^ | Tuesday September 24, 2013 | by Seton Motley
    The national Republican Party has a serious brand problem. Too many Establishment Elephants are too often Diet Democrats - taking positions just slightly less Large Government than the Donkey Party. That is - when they’re not agreeing with them in totality. Which disheartens and drives away American grassroots Conservatives - the lifeblood of any hope for Republicans in any election. And it drives average Americans crazy, because they see too much damage being done by DC - with two Parties too often agreeing on the obviously wrong solution. Democrats are for amnesty for the 12-20 million illegal aliens currently in...
  • Colorado Commits keeping campaign plans under wraps

    09/12/2013 6:40:28 AM PDT · by george76 · 8 replies
    Ed News Colorado ^ | Sep 10th, 2013. | Todd Engdahl
    Leaders of the campaign to pass a $950 million education tax increase are laying plans for their campaign, but they’re being close-mouthed about what those strategies are. With just 35 days until county clerks can start mailing ballots for the Nov. 5 election, Colorado Commits to Kids has yet to stage any public meetings or air any advertising. On Tuesday, Colorado Commits convened representatives of groups supporting Amendment 66 for a meeting on the Auraria campus. The emailed invitation said, “We plan to update you on our success thus far, and explain our road to success in the coming months.”...
  • Only in California: State Taxes the Tax Break They Gave Years Ago

    08/22/2013 12:02:33 PM PDT · by Kaslin · 26 replies
    Townhall.com ^ | August 22, 2013 | Michael Schaus
    California handed out over $120 million in tax credits and incentives for specific small business startups over the past five years. And now, like a child on a playground, the state’s Franchise Tax Board is asking for all that money back. Over 2,000 small businesses are now being levied with hefty tax bills – some as high as $250,000 – for having taken advantage of a duly passed tax incentive program. State Senator Ted Lieu, D-Redondo Beach, said “[Businesses] relied on California law as it was written, that they would get a tax break if they invested in certain kinds...
  • Report: Tobacco tax hikes don’t pay

    08/05/2013 8:48:34 AM PDT · by rktman · 14 replies
    The Daily Caller ^ | 8/4/2013 | Sarah Hurtubise
    Cigarette taxes turn a frowned-upon habit into a popular revenue source. But a recent study found that cigarette taxes often lead to other tax hikes later. The National Taxpayers Union found a 70 percent chance that the so-called sin taxes will not produce the expected revenue, as people buy fewer packs. The taxpayer advocate organization reported that from 2007 to 2011, 25 of 37 cigarette tax increases were joined by other new tax hikes within two years.
  • Yes, Premiums Will Go Up

    06/19/2013 6:50:53 AM PDT · by National Review · 9 replies
    National Review ^ | June 19, 2013 | National Review
    It’s an open-and-shut case: Rates will go up a lot under Obamacare. By James C. Capretta Last month, the Manhattan Institute’s Avik Roy — joined by Lanhee Chen, Yuval Levin, and Dan Kessler — set off a firestorm by audaciously challenging the prevailing Obamacare-friendly story about what will happen to premiums when the law’s implementation begins in earnest in 2014. Specifically, Roy and the others disputed the initial news stories coming out of California, fed by state officials, which indicated that the premiums paid by state residents enrolled in the Obamacare exchange would be lower in 2014 compared with 2013....
  • Some Hope Gas Tax Will Fund Bridge Repair, Construction

    05/11/2013 7:38:26 PM PDT · by Tolerance Sucks Rocks · 12 replies
    Southern Maryland Online ^ | May 11, 2013 | Amber Larkins
    ANNAPOLIS -- Republican Sen. Richard Colburn of Dorchester voted against Maryland’s recently passed gas tax increase, but now hopes some of the new money will go to replacing the Dover Bridge in his district. The new taxes, initially expected to raise prices at the pump by 4 cents a gallon this July, might help to expand funding for the rehabilitation and replacement of Maryland’s deteriorating bridges. As of April, 87 of the 2,572 Maryland State Highway Administration maintained bridges were structurally deficient, which doesn’t mean they are unsafe, but that they have areas that need to be repaired or replaced,...
  • U.S. Senate Roll Call Votes 113th Congress [Roll Call Vote For INTERNET TAX]

    05/07/2013 2:37:05 AM PDT · by SoFloFreeper · 27 replies
    Senate.gov ^ | 5/6/13 | 100 Senators
    Vote Summary Question: On Passage of the Bill (S. 743, as amended ) Vote Number: 113 Vote Date: May 6, 2013, 06:12 PM Required For Majority: 1/2 Vote Result: Bill Passed Measure Number: S. 743 (Marketplace Fairness Act of 2013 ) Measure Title: A bill to restore States' sovereign rights to enforce State and local sales and use tax laws, and for other purposes.
  • Senate passes internet sales tax bill amid opposition from conservatives

    05/06/2013 4:31:33 PM PDT · by ConservativeInPA · 198 replies
    The Guardian ^ | Monday, May 6, 2013 | Dominic Rushe
    The US Senate on Monday passed a bill aimed at ending tax-free shopping on the internet but the move looks set to face fierce opposition before it becomes law. The Marketplace Fairness Act, which has cross-party supporter and the backing of powerful retailers, would give states the power to require retailers with sales over $1m to collect state and local sales taxes for online purchases.
  • A Tax Increase For Every Home

    04/24/2013 5:48:53 AM PDT · by Kaslin · 6 replies
    Townhall.com ^ | April 24, 2013 | John Ransom
    Despite President Barack Obama’s promises that he would never, ever, ever, raise taxes on people making less than $250,000 year, a new analysis from the Tax Policy Center -- citing a new tobacco tax that will hit some low-income families harder than the rest -- indicates he's breaking that oath. Upon closer examination of the budget, it's revealed Obama raises taxes on middle and low-income families again, and again, and again.  “President Barack Obama's budget proposal would lead to significant tax increases on upper-income Americans,” the Wall Street Journal reported, “and also to moderate increases on some lower-income Americans.” Those “moderate increases” on lower...
  • Get Ready To Be Taxed on Internet Purchases

    04/23/2013 1:54:01 PM PDT · by Jean S · 148 replies
    National Journal via Yahoo ^ | 4/23/13 | Nancy Cook
    Proposed Internet sales-tax legislation received a huge boost on Monday when the White House officially backed the bill, saying it would level the playing field among online and retail stores by ensuring that both pay sales taxes. “Today, while local small-business retailers follow the law and collect sales taxes from customers who make purchases in their stores, many big-business online and catalogue retailers do not collect the same taxes,” White House press secretary Jay Carney. “This puts local, neighborhood-based small businesses at a disadvantage to big, out-of-state, online companies.”Now, the Senate is scheduled to debate the Internet sales-tax legislation for...
  • Over 30 Senate Democrats vote to repeal the medical device tax

    03/22/2013 11:58:17 AM PDT · by SeekAndFind · 40 replies
    Hotair ^ | 03/22/2013 | Erika Johnsen
    As I mentioned yesterday, the medical device tax that went into effect last January is just one of the many insidious job-killing measures contained within ObamaCare, but it is an especially terrible one. The 2.3 percent excise tax is meant to raise a handsome $30 billion to pay for ObamaCare over the next decade, except that, added bonus: It’s going to stifle innovation and competition in an industry that provides all manner of life-saving medical devices, from MRIs to pacemakers to blood tubes.And this hasn’t just been a Republican refrain, by the way. Thursday night, the Senate voted overwhelmingly to...
  • Senate Dem budget includes nearly $1 trillion in new taxes

    03/12/2013 1:15:05 PM PDT · by SeekAndFind · 17 replies
    The Hill ^ | 03/12/2013 | Erik Wasson
    The first budget from Senate Democrats in four years includes nearly $1 trillion in new taxes but would not balance the budget. The blueprint unveiled by Senate Budget Committee Chairwoman Patty Murray (D-Wash.) on Tuesday to her Democratic colleagues would also turn off the next nine years of the sequester and replace those spending cuts with a 50-50 mix of tax increases and spending cuts. The budget would dedicate $100 billion to economic stimulus in the form of infrastructure spending and job training. Murray argues that her budget cuts $1.85 trillion from deficits over 10 years. But once the sequester...
  • Virginia Gov. Bob McDonnell sides with business over conservatives

    02/28/2013 11:01:10 AM PST · by Gopher Broke · 15 replies
    "Conservative" does not mean the same thing as "pro-business," as Virginia Gov. Bob McDonnell has demonstrated. McDonnell -- whose three-year record is mostly characterized by conservative policies -- this week won the largest tax hike in state history and a package of new spending on transportation. Cheering him on was Virginia's business lobby. The tax-hike-and-roads package fits well into a pattern of McDonnell veering from his conservative principles when the business lobby wants more government. McDonnell, for instance, has subsidized favored businesses and industries through tax credits and special incentives. Also, Virginia's dependence on the military-industrial complex and the "Beltway...
  • LISTEN: Virginia House Approves Transportation Funding

    02/22/2013 12:53:51 PM PST · by Perdogg · 18 replies
    Virginia's House of Delegates has voted to approve what would become the first major reform in a generation of the state's system for financing its highway network. Friday's vote was 60-40.
  • You Got Your Tax Increase, Dems...Now Show Us the Money

    02/06/2013 7:19:20 AM PST · by SeekAndFind · 4 replies
    American Thinker ^ | 02/06/2013 | Gene Schwimmer
    The so-called fiscal cliff has been avoided, at least for the time being, and all it cost was a tax rate increase on the nation's most productive taxpayers. Of course, conservatives are disappointed, but one also needs to appreciate that with all the Bush tax rate decreases set to expire automatically, Democrats had Republicans over a barrel. That being the case, Republicans didn't do so badly, considering. The higher rates that would have kicked in at incomes above $250,000 (for marrieds, $200,000 for singles) will instead apply only to incomes above $450,000 (for marrieds, $400,000 for singles). And the formerly...
  • Millions noticing paychecks lighter today, due to payroll tax hike

    01/11/2013 6:21:03 PM PST · by RoosterRedux · 33 replies
    FoxNews.com ^ | 1/11/2013 | Joshua Rhett Miller
    Gabriella Hoffman’s paycheck is a little lighter today, thanks to a payroll tax increase that is forcing millions of Americans to make the kind of tough budget cuts their representatives in Washington lawmakers seem unwilling to tackle. Hoffman, a 21-year-old Virginian who works at a nonprofit, estimates her paycheck will be roughly $30 less this biweekly pay period, or about $780 annually, thanks to the end of a two-year cut on payroll taxes, which fund Social Security. The tax has risen back up to 6.2 percent from 4.2 percent, costing someone making $50,000 annually about $1,000 per year and a...
  • Hey Obots: How Do You Like Obama's Higher Taxes on The Middle Class???

    01/08/2013 9:33:17 AM PST · by NOBO2012 · 7 replies
    Michelle Obama's Mirror ^ | 1-8-2013 | MOTUS
    Ouch! Nothing hurts quite as much as kicking yourself in the shin. It looks like low information voters across America are waking up from the personality party they’ve been at for the past few years to discover that not only do their shiny Obama-bucks not go as far as they use to, butt now they’re taking fewer of those bucks home. Man, who could have seen that coming? I mean, shoot(am I still allowed to say that?), read Big Guy’s lips. He promised, remember?(snip)READ MY LIPS: NO MORE TAXES! And yet people across the country – not just wealthy Republicans –...
  • Why Was a 2.3% ‘Medical Excise Tax’ Showing Up on Receipts from Sporting Goods Giant Cabela’s?

    01/05/2013 9:17:20 AM PST · by yoe · 54 replies
    The Blaze ^ | January 4, 2013 | Mike Opelka
    January 1, 2013 brought a host of new taxes, fees, and charges to the American people. Some of them were anticipated. Others, like the (Medical Device Excise Tax) (MDET), were not — at least not in this way. How so? Well, the MDET has started showing up on the receipts for purchases made at sporting goods giant Cabela’s. This receipt from one such store in Texas is making the rounds on the web. It shows an additional tax has been added to the purchase, after the local sales tax of nearly 10% was charged. [snip] What is a Medical Excise...
  • Obama’s weekly address: 'I won’t compromise on tax hikes on the rich'

    12/08/2012 9:50:32 AM PST · by SeekAndFind · 37 replies
    ABC News ^ | 12/08/2012 | Devin Dwyer
    Taxes will rise on all Americans in 23 days without bipartisan Congressional intervention. But President Obama and House Republicans are showing little sign of breaking the frosty standoff over the “fiscal cliff.” Both sides remain at loggerheads over what to do about tax rates for the top two percent of income-earners and the nation’s debt limit. In his weekly address, Obama says he wants an immediate resolution, but only if Republicans agree to raise the top tax rates on individuals earning $200,000 or more. “If we’re serious about reducing our deficit while still investing in things like education and research...
  • Trade Tax Increase for Vote Rigging Prosecutor

    11/29/2012 8:22:22 PM PST · by kathsua · 5 replies
    Lawrence Journal World ^ | November 29, 2012 | Reasonmclucus
    Congressional Republicans shouldn't give President Barack Obama the tax increases he wants without getting something in return. Many of the Republicans strongly opposed to tax increases believe Obama won the election because of voting irregularities in some states. They might find a tax increase more acceptable if the legislation were accompanied by appointment of a special prosecutor to investigate allegations of voting irregularities. I don't know how valid the allegations are or if the actions could actually have changed the outcome of the election. However, ignoring these allegations won't make them disappear. Those who believe the allegations are valid will...
  • ‘Fiscal Cliff’ Could Put Millions of Taxpayers Into ‘AMT Shock’ [$33,750 - $45,000 /yr]

    11/29/2012 11:31:01 AM PST · by Red Badger · 43 replies
    CNBC ^ | Published: Thursday, 29 Nov 2012 | 11:24 AM ET | By: Mark Koba
    One of the key questions lurking in the "fiscal cliff" talks — though well below the public's radar — is what happens to the alternative minimum tax — or AMT. Implemented in 1969 to make sure upper-income Americans pay their share of taxes, the AMT has increasingly snared more middle-income Americans over the years because it was never indexed for inflation. During the 2011 tax year for example, the higher tax hit single taxpayers with incomes as low as $48,450 and joint filers making only $74,450. But millions more Americans could be subject to the AMT in their 2012 returns...
  • Norquist Loses His Grip

    11/26/2012 4:16:04 PM PST · by CharlesMartelsGhost · 21 replies
    Front Page Magazine ^ | November 26, 2012 | Arnold Ahlert
    Anti-tax promoter Grover Norquist is losing his vice-like grip on the Republican party. The head of Americans for Tax Reform, who as recently as last year counted 238 members of the House and 41 members of the Senate among those who had signed his anti-tax pledge, has seen those numbers decline to 217 in the House, one shy of the 218 needed for a majority, and 39 in the Senate. Both totals represent an all-time low. Last Wednesday, Senator Saxby Chambliss (R-GA) disavowed his pledge not to raise taxes, even as he acknowledged doing so could hurt his reelection chances...
  • Kristol: It won't kill us if we raise taxes on millionaires (Shut Up Bill!)

    11/12/2012 8:07:06 AM PST · by SeekAndFind · 68 replies
    American Thinker ^ | 11/13/2012 | Rick Moran
    This is called surrendering before the war starts: Conservative commentator and Weekly Standard editor Bill Kristol said Sunday the Republican Party should accept new ideas, including the much-criticized suggestion by Democrats that taxes be allowed to go up on the wealthy. ***** "It won't kill the country if we raise taxes a little bit on millionaires," he said on "Fox News Sunday." "It really won't, I don't think. I don't really understand why Republicans don't take Obama's offer." "Really? The Republican Party is going to fall on its sword to defend a bunch of millionaires, half of whom voted Democratic...
  • In second term, Obama will allow UN to tax Americans

    10/09/2012 5:51:48 PM PDT · by Blue Turtle · 47 replies
    It should come as no surprise that President Obama will raise taxes if he is re-elected. But here’s the shocker: He will invite the United Nations to tax Americans directly. And the proceeds would go directly to the Third World. In this way, Barack Obama will, indeed, realize the dreams of his father.
  • TSPLOST LOST (Metro Atlanta Resoundingly Rejects 1% Sales Tax)

    08/01/2012 4:11:21 AM PDT · by from occupied ga · 35 replies
    GA Secretary of State ^ | 8/1/2012 | GA Secretary of State
    Atlanta Metro area rejects a massive tax increase (an additional one percent sales tax on the existing 6% - 8% around the metro area.) The county by county results are as follows: County YES NO Total Ratio yes/total Cherokee 9105 35280 44,385 20.51% Clayton 16750 19303 36,053 46.46% Cobb 38703 85412 124,115 31.18% DeKalb 57915 61792 119,707 48.38% Douglas 6383 13534 19,917 32.05% Fayette 6677 21712 28,389 23.52% Fulton 69064 72365 141,429 48.83% Gwinnett 28884 70273 99,157 29.13% Henry 9405 23371 32,776 28.69% Rockdale 5433 12484 17,917 30.32% Total: 248,319 415,526 663,845 37.41%
  • Business owners make case to Romney

    07/25/2012 10:44:37 AM PDT · by Mark Landsbaum
    The Orange County Register ^ | 7-25-2012 | The Orange County Register Editorial Boarad
    Eleven Southern California business owners met this week with Mitt Romney, the presumptive Republican presidential candidate, at a Costa Mesa manufacturing plant. On the wall behind Mr. Romney's chair hung a large banner that read, "We did build it!" – with "did" underlined for emphasis. The banner underscored how out of touch President Barack Obama seems with what makes the American economy work. The business owners echoed the ire of those nationwide who do understand what makes the American economy work. Their words Monday in Costa Mesa directly refuted the president's now-infamous campaign utterance of last week: "If you've got...
  • Manchin to vote with Dems on taxes (Manchin supports tax increases on small-businesses)

    07/24/2012 9:57:52 PM PDT · by Qbert · 14 replies
    The Hill ^ | 07/24/12 | Daniel Strauss
    Sen. Joe Manchin (D-W.Va.) announced Tuesday that he will vote on Democratic legislation to extend the Bush-era tax rates. Manchin said he will join Democrats in voting to extend the rates for income up to $250,000 a year. The Democratic legislation would allow Bush-era rates on higher annual income to expire. Republicans want to extend all the rates for another year.  The vote on the Democratic plan is expected to take place on Wednesday.  "When considering these two proposals, I kept two priorities in mind: putting our fiscal house back in order and restoring fairness to the tax code," Manchin said...
  • Rep. Rosa DeLauro: Congress Should Consider Federal Tax on Soda Pop

    07/22/2012 4:55:55 AM PDT · by Tolerance Sucks Rocks · 58 replies
    CNSNews.com ^ | July 20, 2012 | Kendra Alleyne
    (CNSNews.com) – Rep. Rosa DeLauro (D-Conn.) said on Wednesday that Congress ought to look at imposing a federal tax on soda pop. “We have to address the situation in the marketplace," DeLauro said at a press conference on the Supplemental Nutrition Assistance Program, or SNAP. "Right now, the least expensive beverages are often those with the least value to our health like regular cola or juice drinks that are only 10 percent juice. “But I will tell you that if you’re paying $3.49 for juice and 79 cents for soda, if you are in a low-income family and you have...
  • Pelosi: On Second Thought, This Whole Tax Returns Thing is a Distraction

    07/20/2012 5:38:09 AM PDT · by Kaslin · 25 replies
    Townhall.com ^ | July 19, 2012 | Guy Benson
    Behold what a prominent politician's "CYA" instinct hath wrought:   Facing questions about why she and other top Congressional officials won’t release their tax returns, House Minority Leader Nancy Pelosi (D-Calif.) downplayed her previous demands for presumptive GOP presidential nominee Mitt Romney to release his, calling the issue a distraction. As recently as Wednesday, Pelosi had strongly urged Romney to provide further disclosure of his tax returns. But today, while maintaining Romney should release more documents because of “custom” and “tradition,” Pelosi said the issue was trivial compared with economic issues. “We spent too much time on that. We should...
  • The Politics of ‘free stuff’ and the 45% who pay no federal income taxes

    07/18/2012 10:47:51 AM PDT · by sickoflibs · 15 replies
    my rant | 7/18/12 | sickoflibs
    Obama and his fellow Democrats grow louder and more frequent for the top 5% (really the top 20%) who pay most of the federal taxes to ‘pay their fair share’ meaning even more taxes. But what about the 45 percent or so of our fellow citizens and legal residents who pay zero federal income taxes which that money is dedicated to pay for everything it does and that it gives away except retirement entitlements? With the government running the enormous deficits it is and candidates especially Dems promising more and more ‘free stuff’ to voters as Romney put it, this...
  • The Mandate After the Court [Roberts’s decision may end up killing Obamacare after all]

    07/16/2012 4:00:08 PM PDT · by SoFloFreeper · 23 replies
    National Review ^ | 16 July 2012 | James C. Capretta & Yuval Levin
    Last month’s Supreme Court ruling on Obamacare left champions of that law breathing a sigh of relief, while its opponents — a majority of the public — were left frustrated. It seemed at first glance as though the chief justice’s tortured opinion had saved the individual mandate, and with it the broader statute. But Obamacare’s champions should take a closer look at what the Court left them with, because on their own terms, the law is now set to collapse.
  • Christie Embraces Online Sales Tax

    07/16/2012 2:24:56 PM PDT · by Halfmanhalfamazing · 78 replies
    Wall Street Journal ^ | July 16th | WSJ Staff
    In a dramatic change, Republican governors — including New Jersey Gov. Chris Christie — are supporting sales taxes on online purchases in an attempt to send more revenue to state coffers.