Category Archives: Taxation

Are You Ready For The Main Street Fairness Act?

Something called the Main Street Fairness Act has to be a good piece of legislation, right? Designed to help out retailers, small mom and pop businesses? Um, no A Democratic senator is preparing to introduce legislation that aims to end the golden era of tax-free Internet shopping. The proposal–expected to be made public soon after […]

Obama’s Deficit Speech To Be About Sharing The Pain Democrats Created?

This should be an interesting day, as Champ sets out his “vision” for reducing the deficit President Barack Obama will describe his plans for long-term deficit reduction Wednesday, in a move likely to kick off a months-long debate with Republicans while alienating some members of his own Democratic Party. In a midday speech in Washington, […]

Surprise! Obama’s Deficit “Plan” Will Include Tax Increases

Of course, it appears as if his plan is more of a draft, well, really, a rough outline….OK, more of some talking points scribbled on a cocktail napkin from a campaign event: Obama Puts Taxes on Table President Barack Obama will lay out his plan for reducing the nation’s deficit Wednesday, belatedly entering a fight […]

Obamacare Requires Lots Of New IRS Agents And Money

Obamacare just keeps getting better and better, via USA Today The Internal Revenue Service says it will need an battalion of 1,054 new auditors and staffers and new facilities at a cost to taxpayers of more than $359 million in fiscal 2012 just to watch over the initial implementation of President Obama’s healthcare reforms. Among […]

ABC News Explains What The Tax Cuts Extension Means

In Reality World, the article would be extraordinarily short, with the full text reading something like What do the Obama tax cuts extensions mean for you? Nothing. Nothing is changing. Thanks for stopping by ABC News. And, yes, ABC News did actually entitle the article the “Obama tax cuts extension” at some point. Check the […]

Snap! Obama’s Making Work Pay Credit Could Hose 13 Million Taxpayers

See, there really is a good reason to not only read the bill, but understand what the heck is in it, and what it actually does About 13.4 million taxpayers may be getting unexpected tax bills because they were awarded too much money under President Barack Obama’s Making Work Pay tax credit, a government audit […]

Hey, Good News, States See Some Revenue Growth. Bad News: Everything Else

I due truly love the spin from the LA Times: States’ budget picture is brightening – But many continue to face deficits. Tax revenues are rising but demand for social services remains high, and there won’t be a batch of federal stimulus money this year. Interesting. They destroy their own headline with the sub. Then […]

Obama’s Tax Cuts Surrender All Part Of His Plan, Or Something

Apparently, it has nothing to do with having no choice in breaking yet another promise to his unhinged rich people hating base: Obama’s tax cut extension part of strategy to show bipartisanship Although his liberal supporters are furious about the decision, President Obama’s willingness to extend all of the George W. Bush-era tax cuts is […]

Bush Polls Higher Than Obama

You’ve probably heard this already, but, hey, what the hell George W. Bush’s job approval rating as president has spiked to 47 percent, according to a Gallup poll released Monday. That’s 1 point higher than President Barack Obama’s job approval rating in a poll taken the same week. Do I personally rate him that high? […]

NY Times Editorial Board Hearts Economic Draft Proposal

Especially the parts about raising taxes and cutting the military: Some Fiscal Reality The draft proposal by the chairmen of President Obama’s deficit-reduction commission was a welcome antidote to the low-minded debate that dominated the midterm elections, in which politicians all vowed to reduce the deficit but offered no credible plans. By low minded debate, […]

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