Category Archives: Taxes
John Boehner can take a hit on this one too. You know that wonderful payroll tax cut? Guess who’s going to pay for it?
Just before Christmas, American workers got a rare gift from Washington politicians – the current payroll tax cut would be extended for two more months.
To most of us who live outside of the beltway or state capitols the concept of making outrageous financial promises that can never be kept sounds absolutely insane, and sadly for you this is just basic strategy to win an election. Continue reading
Barack Obama: On the eighth day, God said “raise taxes”
President Barack Obama has been taking lumps from Republicans for years over his support for Wall Street and health care reform, but today at the National Prayer Breakfast he claimed support from on high to defend two of his most controversial legislative achievements.
Now that the Florida Primary is over and we have seen how effective a carpet bombing campaign of negative ads can be, I thought it would be interesting to see exactly who provided the ammunition to each of the combatants. By ammunition I mean money, lots of money. I expected to see what we all knew to be true; Romney has the run of a well-stocked military base’s ammo dump, Newt Gingrich is a kid in the back yard who found his dads stash of illegal firecrackers. Continue reading
Today, I received an email from a very liberal Obama supporter which contained a reference to the following link:
Dishonest Fox Chart: Food Stamps Edition
This article portrays Fox News and Newt Gingrich as being dishonest about the number of SNAP (food stamps, for those of you in Rio Linda) recipients that have been added to the rolls since Obama became “The Precadent”. Continue reading
I’m a huge fan of lotteries. It is one of the few taxes that citizens pay willingly. Spending a dollar for the prospect of winning a hundred million is kind of fun. And the fact that the state’s provide the fig leaf of responsibility by suggesting all funds go to support education makes players feel like they are doing their part to support the kids… Imagine, a way of taxing people that is actually voluntary!
Unfortunately however, most taxes are anything but voluntary, particularly those levied by the federal government. Continue reading
Obama’s “moon project” aka high-speed rail is moving along. Costs are spiraling:
Faster than a speeding bullet train, the cost of the state’s massive high-speed rail project has zoomed to nearly $100 billion — triple the estimate given to voters and more than enough to run the entire state government for a year.
60 Minutes, as usual, had a very nearly excellent program last week on the economic collapse, and they were all upset because no one has been arrested; no particular person appears to be under investigation. They have a good reason to be upset, but they seemed, at least in this report (and in several previous programs), to be clueless as to why. Continue reading
We have all heard lately about the “supercommittee,” its charge, and, if it isn’t successful, pulling the spending “trigger.” Defense has the most to lose from triggered cuts, as this source illustrates. Leon Panetta, head of the Department of Defense (DOD) and no bastion of conservatism, called the trigger “draconian” and “devastating” and said that it will “hollow out” the military. The worst thing, Panetta said, is that the cuts “invite aggression.” Continue reading