TAX POLITIX
The Politics of Taxes
This Would Be Funny If It Wasn’t So Awful
For the record: Jay Carney, White House Press Secretary, 4/26/12. I NEVER LIE.
WH Agency: Target the Oil & Gas Companies
First we had Energy Secretary Chu admit that high gas prices are a good thing. Now, we have the EPA -- a darling agency of the Obama Administration -- describe on video that the EPA’s “general philosophy” is to “crucify” and “make examples” of oil and gas companies. The video is below. Senator Inhofe went on to remark that the video provides Americans with “a glimpse of the Obama administration’s true agenda.” That agenda, Inhofe said, is to “incite fear” in the public with unsubstantiated...
More Executive Activism
This is actually a pretty decent article coming out the the New York Times. It describes Obama's increasing use of executive powers to bypass Congress, Republicans, or anyone else he deems in the way. It outlines many of the ways and the times when Obama has chosen to act unilaterally. Of course, presidents in the past have done so, but none so blatantly as Obama -- going so far to declare a formal "We Can't Wait" initiative from the White House last fall to move forward on items he for which...
Buffett Rule Fails in Senate
Even though it's crunch time for tax season, it's worth it to mention that the Buffett rule vote failed today in the Democrat-led Senate. Interestingly, in Reuter's coverage, it mentions that the vote " failed to garner the 60 votes needed in the 100-member Senate to move to a full debate and vote on the bill aimed at getting more tax revenues out of the wealthy. However, I had to read through the article twice to find the actual vote tally. Reuter's spelled out some of the number words,...
Obama On Oil Subsidies: He Was For It Before He Was Against It
This little gem came out today during the daily White House press briefing. Real Clear Politics is reporting that Ed Henry pressed Jay Carney about Obama's vote in 2005 where he supported a bill which contained more than $2 billion in oil subsidies. This is one for which he didn't vote "present"; he voted "yes". Click here for the amusing video exchange. Henry: Why did the President vote for the energy bill in 2005 as a Senator that had over $2 billion in tax breaks for the oil industry? They...
Obama’s Budget: 0-414
Obama's $3.6 trillion budget proposal was defeated Wednesday night in the House of Representatives by a vote of 414-0. Not a single Democrat supported it. This vote was reminiscent of the defeat of Obama's budget last year in the Senate, by a vote of 97-0. No Democrats would put their name to that budget, either. Clearly, considering that we are now 1065 days without a budget is result of the lack of any substantive and serious thought coming from the White House. Two years, two unanimous...
EPA: I have the Power (Plant)
As I have written here before, the President has been able to effectively pass laws which Congress has not passed through the use of the Executive Order and his government agencies. The Environmental Protection Agency (EPA) seems to be one of his most popular. For instance, limitations on emissions were passed as a set of rules by the EPA, implementing almost the entirety of the cap-and-trade bill which failed in the Congress. Now the EPA strikes again! According to the WSJ today, the EPA has...
Tax Breaks = the Size of the Annual Federal Deficit Budget
A recent article in the WSJ discusses a newly-released report. Tax breaks, for all segments of the population, total more than $1 trillion. Such a staggering figure -- roughly the size of the annual federal deficit budget -- reinforces something I have stressed repeatedly: the need to overhaul the tax code. However, the report also citing political opposition, technical challenges and other reasons, said that "it may prove difficult to gain more than $100 billion to $150 billion in additional...
March 23, 1775
On this two year anniversary of ObamaCare, we must remember a greater anniversary, the sage words spoken 237 years ago today. It is in vain, sir, to extenuate the matter. Gentlemen may cry, Peace, Peace-- but there is no peace. The war is actually begun! The next gale that sweeps from the north will bring to our ears the clash of resounding arms! Our brethren are already in the field! Why stand we here idle? What is it that gentlemen wish? What would they have? Is life so dear, or peace so...
The Danes to Obama: Maybe the Copy Key Got Stuck
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