Category Archives: Taxation

NY Times: The Real Spending Problem Is Tax Breaks

Not actual spending, not $16 trillion in debt, not borrowing 43 cents for every federal dollar spent, not wasting taxpayer tax dollars on pork and projects that should be funded by private entities, not hundreds of billions in cost overruns, not the POTUS using up millions to fly across the country to make a 30 […]

Rich Paying Their Fair Share And More

Sheesh, more facts get in the way of Obama’s dependence on raising taxes on “the rich” (has he sent a check to the IRS yet?) (The Blaze) How will households at different income levels pay federal income, payroll, corporate and estate taxes for 2013? Despite claims that those at the top aren’t paying their “fair […]

Why, No, Democrats Haven’t Given Up On Raising Taxes

They’re intent on further destroying America’s economy (Washington Post) Senate Democrats plan to draft a budget blueprint that calls for significantly higher taxes on the wealthy, oil and gas companies and corporations doing business overseas, reopening a battle over taxes Republicans had hoped to lay to rest with the “fiscal cliff.” Raise taxes on corporations […]

Surprise! Pelosi Wants More Tax Revenues

This seems to be the Democrats solution for everything: tax ‘n spend, tax ‘n spend (The Hill) Pushing back against the Republicans’ deficit-reduction strategy, House Minority Leader Nancy Pelosi (D-Calif.) said this weekend that more tax revenues – not just spending cuts – must be a part of Congress’s effort to rein in deficits. Pelosi […]

Soak The Blue State’s Fiscal Plan

Jim Geraghty provides a great plan so that Blue states pay their “fair share”. The article comes from a newsletter from Jim, which arrives in email, but is similar to what Jim posted on the 5th (via Doug Ross) Hmm. Joel Kotkin of Forbes lays out how the tax hikes envisioned by Obama and congressional […]

Obama, Dems Quietly Look To Nail Those Evil Producers With Even Higher Marginal Rates

Because success should be punished, comrades! (Politico) Tax rate increases aren’t the only way in which Democrats are aiming to collect more tax dollars from the rich — they’re also looking to resurrect a dormant pair of oddly named laws that targeted the wealthy for decades. Some call them gimmicks, some call them a step […]

Washington Post: “Know Who Benefits From Charitable Giving? Only The Rich”

Fred Hiatt, the editorial page editor of the Washington Post, goes on a bit of a rant Paying for charitable giving …At first blush, it seems to make policy sense, too. The rich fabric of America’s civic life, from Boy Scouts to community orchestras to soup kitchens, is the envy of the world. Its diversity […]

Obama’s Fiscal Cliff Offer: Tax And Spend

An unserious proposal from an unserious president (Politico) Treasury Secretary Timothy Geithner’s fiscal cliff proposal to Republicans Thursday was rejected out of hand, but offered a window into President Barack Obama’s priorities in the fast-evolving budget talks. In the plan, sources said, Geithner proposed a two-step process to ultimately achieve about $1.6 trillion in new […]

Joe Scarborough: Hey, Let’s Raise Capital Gains Taxes On Uber-Rich

While we’re at it, why not take away all the amortization and other breaks companies receive? Let’s nail them with higher taxes, especially companies like Progressive Insurance, General Electric, and Heinz. Take away all the breaks for the sports and entertainment industries (Politico) The Oracle of Omaha came on the show yesterday and promoted his […]

Surprise! After Raising Taxes On Millionaires In England, 2/3rds Bolt For Greener Pastures

Really, who would have thought this would happen? (UK Telegraph) In the 2009-10 tax year, more than 16,000 people declared an annual income of more than £1 million to HM Revenue and Customs. This number fell to just 6,000 after Gordon Brown introduced the new 50p top rate of income tax shortly before the last […]

Pirate's Cove