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Keyword: taxtherich

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  • Progressive Tax Fantasies Can’t Come Close to Paying for Big Government

    07/27/2021 6:07:54 AM PDT · by Kaslin · 2 replies ^ | July 27, 2021 | Andrew Wilford
    With U.S. debt having soared to all-time highs and massive budget deficits as far as budgeters can see, the progressive refrain is the same: "ensure the wealthy pay their fair share." But a new tax wish list put out by 80 progressive groups shows that the math simply doesn't add up. Even in their wildest dreams of taxing the wealthy, they can't close the current budget deficit, much less pay for their new spending priorities like Medicare For All or the Green New Deal. The progressive soak-the-rich fantasy includes a wealth tax, a higher corporate tax rate, a higher estate...
  • Cuomo accuser Lindsey Boylan leads NYC impeachment rally — as fans gather to support him

    03/20/2021 3:13:17 PM PDT · by conservative98 · 27 replies
    NY Post ^ | March 20, 2021 | 5:28pm | Georgett Roberts, Sam Raskin and Mary Kay Linge
    Protesters came to bury Gov. Andrew Cuomo — and to praise him — at dueling Manhattan rallies Saturday. Lindsey Boylan, the first female accuser whose allegations of sexual harassment while a member of Cuomo’s staff lit the fuse on the ongoing effort to oust him, led demands for his impeachment in Washington Square Park. “Abuse does not confine itself to one person or one area,” Boylan told a crowd of about 100 activists. “Someone who abuses their power doesn’t just do it to one woman or one community. They do it on some level to every person and every community.”...
  • NJ Gov. Phil Murphy looks to plug budget holes by taxing millionaires, corporations

    08/25/2020 7:45:16 PM PDT · by Olog-hai · 37 replies
    Fox Business ^ | 08/25/2020 | Brittany De Lea
    New Jersey’s Democratic Gov. Phil Murphy unveiled his fiscal 2021 budget on Tuesday that aims to help plug a nearly $6 billion budget hole through a variety of revenue-raising measures — including renewed calls for a millionaire’s tax, among other rate increases for corporations and wealthy residents. “This budget proposal is not simply about getting New Jersey back to where it used to be, but moving forward to where we need to be by building a new economy that grows our middle class and works for every single family, while asking the wealthiest among us to pay their fair share...
  • Democrats unveil proposal for 'millionaires surtax'

    11/07/2019 10:01:50 AM PST · by yesthatjallen · 50 replies
    The Hill ^ | 11 07 2019 | Naomi Jagoda
    Rep. Don Beyer (D-Va.) and Sen. Chris Van Hollen (D-Md.) on Thursday rolled out a proposal for a “millionaires surtax,” amid a growing interest from Democrats in increasing taxes on the wealthy. “This is a bill designed to address two major problems of public policy: the lack of revenue, and inequality,” Beyer said on a call with reporters. “It’s a laser-focused solution that requires those who benefited the most from the economy to contribute in a way they simply haven’t been asked to before.” The lawmakers’ bill, which is being co-sponsored by Sen. Sherrod Brown (D-Ohio), would create a 10-percentage...
  • Warren’s Profligate Sop to Seniors

    09/25/2019 7:39:03 AM PDT · by karpov · 15 replies
    Wall Street Journal ^ | September 24, 2019 | John F. Cogan
    It’s a strange campaign season, loaded with fantastical promises of government handouts for health care, college and even a guaranteed national income. But Sen. Elizabeth Warren ’s Social Security plan takes the cake. With trillion-dollar federal budget deficits and Social Security heading for bankruptcy, Ms. Warren proposes to give every current and future Social Security recipient an additional $2,400 a year. She plans to finance her proposal, which would cost more than $150 billion annually, with a 14.8% tax on high-income individuals. If Franklin D. Roosevelt were alive, he’d surely wonder why anyone calling herself a Democrat would want to...
  • VIDEO: Rashida Tlaib Refuses to Answer Questions About Baltimore

    07/30/2019 7:47:40 PM PDT · by bitt · 14 replies
    Breitbart ^ | 7/30/2019 | joel pollak
    DETROIT, Michigan — Rep. Rashida Tlaib (D-MI) refused to answer questions about conditions in Baltimore, despite the fact that Democrats have rallied around the city to oppose President Donald Trump’s criticisms. Tlaib was addressing reporters at a protest near the venue for the second Democratic debate, which is being hosted by CNN at the Fox Theatre in downtown Detroit on Tuesday and Wednesday evenings. The theatre is within the boundaries of Rep. Tlaib’s 13th congressional district. Tlaib was participating in a “tax the rich” protest, complete with an inflatable chicken with a Trump hairstyle. Tlaib has been vocal in her...

    06/29/2019 5:29:46 PM PDT · by Beave Meister · 15 replies
    Mises Institute ^ | 6/26/2019 | Daniel J. Mitchell
    I wrote five years ago about the growing threat of a wealth tax. Some friends at the time told me I was being paranoid. The crowd in Washington, they assured me, would never be foolish enough to impose such a levy, especially when other nations such as Sweden have repealed wealth taxes because of their harmful impact. But, to paraphrase H.L. Mencken, nobody ever went broke underestimating the foolishness of politicians. I already wrote this year about how folks on the left are demonizing wealth in hopes of creating a receptive environment for this extra layer of tax. And some...
  • OECD Survey: People In Wealthy Countries Want Higher Taxes On The Rich, More Welfare

    03/20/2019 12:53:15 PM PDT · by SeekAndFind · 30 replies
    Hotair ^ | 03/20/2019 | John Sexton
    Tuesday, Reuters released the results of a survey of 21 countries which found a majority of people want more taxes on the rich to pay for more welfare: In all of the 21 countries surveyed, more than half of those people polled said they were in favour when asked: “Should the government tax the rich more than they currently do in order to support the poor?” The OECD gave no definition of rich…Support was highest in Portugal and Greece, both emerging from years of economic crisis, at nearly 80 percent compared with an average of 68 percent, the Organisation...
  • It’s Fat Tuesday And I Don’t Have a Kitchen

    03/05/2019 6:49:02 AM PST · by NOBO2012 · 12 replies
    MOTUS A.D. ^ | 3-5-19 | MOTUS
    Did I tell you I’m having new countertops installed tomorrow? That means today the handyman is coming to tear out the sink and cooktop so – no kitchen for Fat Tuesday! And I’ve got to to pack up EVERYTHING.  I took inventory last night and was surprised how much crap I’ve managed to cram into the cupboards and drawers of what is a very modest sized kitchen.So as I need to get busy I leave you with this gem to process: AOC’s mother left New York for the comparative sanity of Florida precisely because of the high tax policy her...
  • Rep. Ilhan Omar calls for sharp tax increases on the wealthy: 'We've had it as high as 90 percent'

    02/01/2019 9:08:30 AM PST · by Beave Meister · 30 replies ^ | 1/29/2019 | Rebecca Corey,
    “Through Her Eyes” is a new weekly half-hour show hosted by humanitarian and women’s rights activist Zainab Salbi that aims to explore a hot button news issue through the lens of a female newsmaker. You can watch “Through Her Eyes” every Tuesday at 8 p.m. on the Roku channel, and see full episodes at Weeks after Rep. Alexandria Ocasio-Cortez, D-N.Y., made headlines by calling for a top marginal income tax rate of 70 percent in an interview with “60 Minutes,” her fellow freshman congresswoman, Rep. Ilhan Omar, D-Minn., suggested that the rich could pay even more. “There are a...
  • Top GOP Research Firm ‘Ready to Examine’ Oprah

    01/10/2018 5:58:55 AM PST · by RoosterRedux · 33 replies ^ | Brent Scher
    *snip* The Washington Examiner‘s Philip Wegmann labeled Winfrey a "gold mine of opposition research," pointing to stories such as the time advice given on her show led a woman to decide against receiving cancer treatment due to a belief she could be healed through "positive thinking." The Washington Post similarly published an article titled, "Oprah might run for president. We did the opposition research for you." It pointed out issues such as her close friendship with Harvey Weinstein, many years of child sex abuse at a school Winfrey founded in South Africa, and her comments that old people "have to...
  • NY Gubernatorial Candidate: 'I Will Tax the Rich to Fix the Subway' [Nixon]

    09/12/2018 10:31:33 AM PDT · by Olog-hai · 42 replies
    Cybercast News Service ^ | September 12, 2018 | 10:09 AM EDT | Susan Jones
    Actress/activist Cynthia Nixon, a socialist who wants to govern the State of New York, is honest about how she intends to do it. “I will tax the rich to fix the subway,” Nixon tweeted on Wednesday. It’s not the first time she’s said that. Her tweet includes a short video, explaining that she takes the subway every day; the system on which New Yorkers depend is broken; and she will do something about it. “It’s not going to be easy,” she admits. “And it’s not going to be cheap. But we don’t have a choice.” …
  • Facebook Co-Founder: Tax the rich at 50% to give $500-a-month free cash and fix income inequality

    07/06/2018 6:59:02 AM PDT · by EdnaMode · 87 replies
    CNBC ^ | July 5, 2018 | Tom Huddleston Jr.
    Facebook co-founder Chris Hughes thinks the government should give cash handouts to people with the lowest incomes in order to fight income inequality. And he thinks the money should come from higher taxes on wealthy individuals and even big tech companies, like Facebook. Hughes, 34, was one of Facebook’s co-founders, along with Mark Zuckerberg and three of their Harvard classmates, in 2004. He was Facebook’s spokesperson for the company’s first three years, before leaving to finish his Harvard degree and then to work on Barack Obama’s 2008 presidential campaign as a media strategist. He says he's made "half a billion...
  • California is collecting so much of your money it can’t save it all

    02/01/2018 8:17:33 AM PST · by rktman · 29 replies ^ | 2/1/2018 | Adam Ashton
    California’s swelling budget reserves are approaching a point where the state by law can’t save any more money ‑ but don’t expect a tax rebate. The state is quickly filling up its so-called rainy day fund, the budget stabilization account voters created in 2014 when they passed an initiative that forced lawmakers to save money in flush years. Gov. Jerry Brown’s budget proposal puts the state on pace to fill it with $13.5 billion by July 1, 2019, but the milestone could come even sooner. By law, the fund can only hold 10 percent of the state’s projected general fund...
  • Judge rules Seattle's tax on the wealthy is illegal; city vows to appeal

    11/24/2017 11:54:03 AM PST · by ColdOne · 35 replies ^ | 11/24/17 | Barnini Chakraborty
    Seattle’s controversial tax on the wealthy failed its first legal test this week after a judge ruled the new ordinance violates state law – but the city isn’t backing down and vows to appeal, setting the stage for a Washington State Supreme Court showdown. King County Superior Court Judge John Ruhl ruled in a Wednesday that Seattle did not have the authority to impose the tax because state law prohibits tax on net income. City Attorney Pete Holmes called the decision “disappointing” but, in a joint statement with Seattle Mayor Tim Burgess, said their goal to eliminate the state’s “over-reliance...
  • Bill de Blasio Will Push for Tax on Wealthy to Fix Subway

    08/06/2017 10:23:32 AM PDT · by EinNYC · 33 replies
    NY Slimes ^ | AUG. 6, 2017 | EMMA G. FITZSIMMONS
    <p>Mayor Bill de Blasio plans to push for a tax on wealthy New Yorkers to pay for improvements needed to address the crisis engulfing New York City’s subway, city officials said on Sunday, the latest salvo in the battle between Mr. de Blasio and Gov. Andrew M. Cuomo over who bears responsibility for repairing the deteriorating transit system.</p>
  • 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...
  • Trump Says Taxes for the Wealthy Should Go Up

    05/08/2016 7:10:24 AM PDT · by Nachum · 119 replies
    Newsmax ^ | 5/8/16 | Thompson/Reuters
    Donald Trump said on Sunday that taxes for the wealthy should go up but that his tax plans would likely be renegotiated with Congress should he win the U.S. presidency. "For the wealthy I think frankly it is going to go up and, you know what, it really should go up," the presumptive Republican presidential nominee told NBC's "Meet the Press." Trump said that he see his current tax plans, which would reduce taxes for the middle class and businesses and increase those for the wealthy, as a negotiating "floor" that may change in dealings with Congress. Latest News Update...
  • 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 · 69 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...
  • Trump: You Bet I Support Raising Taxes on the Rich

    04/21/2016 2:08:04 PM PDT · by Responsibility2nd · 527 replies
    Townhall ^ | 04/21/2016 | Guy Benson
    GUTHRIE: Do you believe in raising taxes on the wealthy? TRUMP: I do. I do – including myself. I do. That was...this morning, in an interview that featured some other controversial statements.  In fairness to Trump, he's been using the "raise taxes on rich people like me" line for months, embracing Obama-style class warfare tax gimmicks like the 'Buffet Rule.'  But raising taxes on anyone, an outcome Trump just re-endorsed, is not what his formal policy agenda proposes.  Just the opposite.  As we've seen on issues such immigration, abortion and foreign policy, Trump routinely makes clear that he isn't familiar with his own positions.  His stances aren't...