Tax Politics
The Politics of Taxes
The Small Business Bill
In an attempt to placate voters, President Obama signed into law the new $ 30 billion small business bill full of lending and tax credits, which he misleadingly calls tax cuts. This program will only provide some minor and temporary benefits to businesses and will...
Tax Tricks and Economic Recovery
The WSJ is reporting this evening that Congress has decided to delay voting on the status of the Bush tax cuts until after the election. While they lay the blame on Republicans, the truth is that the Democrats are running scared in the late stages of election season...
Limbaugh Was Right
Seems that El Rushbo was correct when he chose to vote with his feet last year and leave New York City. Back in early 2009, Limbaugh warned that impending tax hikes on New York City residents would crush a top income earner like himself, and cited these taxes as the...
Doublespeak on Double Taxation
The Weekly Standard has a fascinating discussion this week regarding the Obama Administration and Koch Industries. It describes how Obama singles out these libertarian billionaires for their opposition to Democrats -- something that other Democrat politicians have...
Tax Cuts for Top Earners, Part Two
The media continues to debate Obama's plan to let the Bush tax cuts expire for the highest tax margin. With percentages set to rise to 39.6 percent, top earners will have tens of thousands less in their pockets to reinvest in the economy. My discussion ensues at the...
Labor Day Musings
The standard cliche for Labor Day is that it's the day to celebrate the triumph of workers over exploitive capitalist employers. This got me thinking about a better cliche--The Cliches of Socialism, by Hans F. Sennholz. For today, I recommend Number 11, which ends on...