December 3, 2012 – 7:41 am
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 […]
November 30, 2012 – 7:36 am
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 […]
November 29, 2012 – 8:40 am
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 […]
November 28, 2012 – 11:43 am
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 […]
November 26, 2012 – 8:11 am
Team Obama can’t even force themselves to use the word “Christmas” (Daily Caller) Any Republican refusal to accept President Barack Obama’s fiscal plan may ruin Christmas for the nation’s retailers, the White House claimed in a report released Monday morning. “The National Retail Federation is forecasting that holiday sales will grow 4.1 percent this year … […]
November 19, 2012 – 3:20 pm
Here we go The Twinkie Manifesto Yet in the 1950s incomes in the top bracket faced a marginal tax rate of 91, that’s right, 91 percent, while taxes on corporate profits were twice as large, relative to national income, as in recent years. The best estimates suggest that circa 1960 the top 0.01 percent of […]
November 10, 2012 – 8:49 am
As the saying goes, elections have consequences (The Hill) President Obama said in his weekly address Saturday that his reelection shows Americans want Congress to pass a tax cut for the middle class. This is what Conservatives mean when we talk about “bias.” In the first paragraph, we get a lie. Obama doesn’t want to […]
July 28, 2012 – 9:20 am
The Democrats who wrote, passed, and support the “American Care Act” probably thought that companies would just roll over and willingly pay a higher tax rate for their medical devices. Alas, the Real World has intruded on the Dem fantasies of collecting more tax money to spread around to their campaign contributors and voters (Fox […]
July 26, 2012 – 8:42 am
Interestingly, if they really cared about the middle class, they’d call for a reduction in taxes on those making less than $200k individual/$250 joint (Washington Post) The Senate on Wednesday narrowly approved a plan to preserve tax cuts for the middle class while letting them expire for the wealthy, a powerful if largely symbolic victory […]
July 14, 2012 – 8:49 am
Remember this? Mr. Obama’s teleprompter failed him again President Obama used the word “tax†to describe the health care mandate under his reforms, a departure from his prior etymological stance that it is a penalty. “By the way, if you’ve got health insurance, you’re not getting hit by a tax,†the president said during his […]
