Category: Taxes

Let’s Keep It Real

Posted on by Robert Cleveland

New projections by the Congressional Budget Office show that this could be a record year for federal tax revenue – according to the CBO, the federal government should be bringing in $2.7 TRILLION this year, an all-time record.:  At first blush, one would think this is good news, and a vindication of President Obama’s “balanced […]

 

After Millions in Tax Breaks for Hollywood, DreamWorks’ Jeffery Katzenberg Kills 350 Jobs

Posted on by Warner Todd Huston

Despite some $430 million in tax breaks for Hollywood in last year’s “fiscal cliff” deal, DreamWorks Animation CEO Jeffrey Katzenberg has announced that he is cutting 350 people by the end of the year. After the disappointing box office for DreamWorks’ latest film, The Rise of the Guardians, Katzenberg said that the $165 million loss […]

 

My Amazing, Earth-Shattering, Dynamic, Never-Before-Seen Analysis Of The State Of The Union

Posted on by Robert Cleveland

OK, I confess: I didn’t actually watch the speech. I tried, I really did. Well, okay, I didn’t even really try. I did manage to muddle through the first few minutes of the speech as I waited for my wife to get ready to go out to dinner – which basically amounted to waiting until […]

 

We Will Always Need More Taxes

Posted on by Robert Cleveland

According to President Obama, there is no longer any doubt that America needs to raise taxes yet again. In his interview with CBS that aired just before the Super Bowl, the president stated “there is no doubt we need additional revenue coupled with smart spending reductions in order to bring down our deficit, and we […]

 

Surprise! Pelosi Wants More Tax Revenues

Posted on by William Teach

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 […]

 

Fiscal Cliff Capitulation Includes Payoff to Hollywood

Posted on by Dave Blount

Hollyweird doesn’t back Obama to the hilt out of sheer moral depravity alone. Loyal support buys it a lucrative seat at the table: Section 317 of the freshly approved [fiscal cliff] legislation includes an extension for “special expensing rules for certain film and television productions.” Congress first enacted production tax incentives favorable to the domestic […]

 

An Inauspicious Start

Posted on by Dave Blount

On CNN, vulgar moonbat entertainer Kathy Griffin marked the new year by proclaiming, “I’m going to tickle your sac,” and kissing the crotch of homosexual cohost Anderson Cooper. From there, the new year quickly proceeded downhill: According to the Congressional Budget Office, the last-minute fiscal cliff deal reached by congressional leaders and President Barack Obama […]

 

It’s Still Government Spending, Stupid

Posted on by Michael Fell

Barack Obama, who has stayed in continuous campaign mode since birth, persists in insisting House Republicans submit to his demands to hike tax rates on “the rich.”:  If Republicans do note cede to his decrees, Obama will let everyone’s tax rates go up and cut one trillion dollars from the budget, half of which will […]

 

Democrats Prepare Death Blow to Family Farms

Posted on by Dave Blount

Using mere numbers, it is hard to describe the long-term devastation that will result from Obama’s reelection, but here’s a figure that offers a start: 526,421. That’s the number of family farms that could be destroyed by the death tax: New legislation that jumps the death tax to 55 percent of estates exceeding $1 million […]

 

It’s the Spending, Stupid

Posted on by Michael Fell

Barack Obama, who seemingly has remained in campaign mode since first entering public life, continues to insist House Republicans obey his command to hike tax rates on upper income earners.:  If Republicans do note cede to his demands, Obama is willing to let everyone’s taxes go up and to cut one trillion dollars from the […]

 

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

Posted on by William Teach

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 […]

 

The GOP’s Fiscal Cliff Doomsday Plan: Not Good, But Not Armageddon Either

Posted on by John Hawkins

The GOP is starting with a weak hand in the fiscal cliff negotiations. Obama did talk a lot about tax hikes for the rich during his campaign and he won. Moreover, polls indicate that the public is on Obama’s side in that argument. In addition, because of the complete ineffectiveness of the Republican leadership in […]

 

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

Posted on by William Teach

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 Re-Election Mandate: Guess Whose Money He’s Targeting Next?

Posted on by Rachel Alexander

Many Americans didn’t bother to vote in the past presidential election, some out of apathy or a belief that the election would hardly affect them. They are in for a rude awakening now that Obama has won re-election. His Santa Claus false promises are unsustainable, so there are going to be few winners and a […]

 

Obama’s Fiscal Cliff Offer: Tax And Spend

Posted on by William Teach

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 […]

 

Obama’s Plan: Tax Now, Cut Later

Posted on by Michael Fell

Obama has demonstrated zero flexibility on his insistence that higher tax rates for the wealthy kick in on January 1, 2013. To those familiar with “progressive” modus operandi, it is not surprising that the White House and their “progressive” political allies envision Medicare and other “entitlement” savings happening ten to twenty years from now. This […]

 

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

Posted on by William Teach

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 […]

 

Disagree With Obama On Taxes? Then You’re Ruining The Holiday Season

Posted on by William Teach

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 […]

 

Obama Really, Really Wants His Upper Middle Class Tax Increase

Posted on by William Teach

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 […]

 

Are Republicans Dumb Enough to Support a Carbon Tax?

Posted on by Brian Garst

When it comes to taxes, Republicans really do play the stupid party to the Democrats’ evil. If Democrats propose raising taxes, Republicans trip over themselves to offer to sharp contrast by offering to raise taxes a bit less. CF&P President Andrew Quinlan highlighted the latest example of this strategic brilliance in Forbes: [I]t’s not just […]

 

Why is the EPA Funding a Private Newspaper?

Posted on by Warner Todd Huston

The Environmental Protection Agency has been indulging its inner propagandist by spending at least $3.5 million to float newspaper that is purportedly “reporting” on the EPA’s pet issues. Unfortunately for the readers of this newspaper, the fact that the EPA is its sugar daddy is never told the reading public. So much for an independent […]

 

Actor Will Smith Loves Taxes, But NOT French Taxes

Posted on by Warner Todd Huston

Back in May Actor Will Smith recently appeared on a TV show in France when the subject of taxes was brought up. Smith piously proclaimed how he loves taxes because he wants to help his country. But then he was told how much new French President Francois Hollande wants to levy on France and, well, […]

 

Updated: Americans for Prosperity Slams Obama’s Failure In Tackling The National Debt

Posted on by Matt Vespa

With the news cycle hitting the annual period of banality, Americans for Prosperity is keeping the pressure on Barack Obama. : With unemployment rising to 8.3%, the national debt growing, and record deficits, they have announced another $27 million dollar ad buy highlighting the president’s inability to tackle the debt. USA Today reported on August 7th […]

 

Cook Medical Scraps Expansion Plans Over ObamaCare Medical Tax

Posted on by William Teach

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 […]

 

Democrat Senate Passes Tax Bill To Stick It To Job Creators

Posted on by William Teach

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 […]

 

Victorious Lt. Gov. Rebecca Kleefisch Returns To Smart Girl Summit

Posted on by Matt Vespa

Lt. Gov Rebecca Kleefisch, still fresh from her recall victory in June, gave the closing address at Smart Girl Summit held this past weekend. :  She joked with the crowd stating that when she addressed the summit last year, many were doubtful she would have a job in the coming months. However, she said she […]

 

Obama’s “tax return” graph is half-true

Posted on by Dustin Siggins

On July 18, the Obama campaign’s “Truth Team” released a Facebook table comparing the number of “years for which President Obama and Mitt Romney have released their tax returns.” According to the table, which is directly below, the President has released for all of the last 12 years, and Romney for only one, 2010. This […]

 

If You Drive A Car, They’ll Tax the Street

Posted on by Matt Vespa

Drivers in the San Francisco Bay Area may be subject to a brand new tax. : Besides being tracked by your GPS, drivers will be “taxed per miles driven — a scenario which is part of a proposed long-range study aimed at finding ways to reduce traffic and pollution, while also raising revenues.: Members of the Metropolitan […]