TAX POLITIX
The Politics of Taxes
Government Motors “Success” = A Hint For More Bailouts Ahead?
During recent campaigning, Obama has continuously exhorted the value of the auto industry. He went so far as to use their success as an example for bailing out other industries. During his famous "You Didn't Build That" Speech, Obama said something that has been somewhat overlooked by his other immortalized phrase: “I said, I believe in American workers, I believe in this American industry, and now the American auto industry has come roaring back,” he said. “Now I want to do the same thing...
August Numbers Are All About Decline
Unemployment fell .2% because so many Americans declined to continue looking for work. Is that hope for those 368,000 last month? June and July jobs numbers declined. They were revised to show 41,000 fewer jobs created. According to Reuters, much of the original inflation was seen in the auto industry, which kept plants open for operation when they would typically close for retooling. Manufacturing payrolls declined 15,000, the first downturn since September 2011. Government payrolls went down...
Obama’s Speech: Class Warfare & Hope is not a Plan
Obama's speech didn't sound like an incumbent President. It sounded like defensive one. On Romney/Ryan: They want your vote, but they don't want you to know their plan....but Obama didn't give us a plan, only class warfare and hope. The only "plan" he has is to hopefully tax the wealthy. The stinging class warfare quote stuck with me because it was so contradictory: My grandparents were given the chance to go to college, buy their own -- their -- their own home, and fulfill the basic bargain...
Debt Tops $16 Trillion
The US Debt Clock hit $16 Trillion in debt today. The Census, as of July 2011, reports 311,591,917 persons living in the US. So every person in the United States is currently on the hook for $51,349.21 of our government's debt.
Rich are Less Rich
In a different article, I exposed the myth of income inequality, rhetoric that is constantly being repeated by the Obama administration and the media. Using data from the CBO and the IRS, Ron Schmidt of the University of Rochester School of Business was able to dissect and expose the inaccuracies being perpetuated. The Left frequently cited a CBO report that claimed to show income was at an all-time high, but it was revealed that reported only represented data until 2007 -- right before the...
Britain’s New “Get-Rich-Quick” Scheme
Because the first one didn't work. Several weeks ago, I reported that Britain's plan to raise additional government revenue by levying higher income taxes was a failure. British officials were shocked that hiking the rates of the wealthiest citizens to 50% resulted in less tax collected. As CNBC reports, Britain has already hiked taxes on the rich to 50 percent but amid a weak economy and reports of wealth flight, the tax was ratcheted down in April to 45 percent Now, in full panic money-grab...
U.S. Income Decline
Measuring Income Inequality: It Doesn’t Add Up
How Have I Divided Thee? Let Me Count the Ways…
In a recent interview with Entertainment Tonight, President Obama made the following remark: (h/t to RCP). "We're going around the country, talking about, ‘How do we put people back to work? How do we improve our schools? How do we make sure that we're producing American energy? How do we lower our debt in a responsible way?' And I don't think you or anybody who's been watching the campaign would say that in any way we have tried to divide the country. We've always tried to bring the country...
Obama: Success = $25 Billion Loss
Last week, I noted that Obama announced he wants to bailout all the industries. To quoth: “I said, I believe in American workers, I believe in this American industry, and now the American auto industry has come roaring back,” he said. “Now I want to do the same thing with manufacturing jobs, not just in the auto industry, but in every industry. You can view the video here Now, the Treasury Department issued an updated report today on the auto industry bailout. The Treasury Department says in a...
TAX
Tips
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.