A new poll by The Hill shows that a majority of Americans don’t think the payroll tax holiday President Obama has been making such a big deal about has done them any good. Something Obama never mentions is that the payroll tax is supposed to fund Social Security. So it’s just rich hearing the...
President Obama and his people know the proposed Buffett tax on rich folks won’t raise much revenue for the federal government. If it would, we’d never hear the end of it. For them it’s all about social justice and what they call “fairness.” That’s why they’re mum when it comes to revealing how much...
Billionaire Bill Gates threw in his two cents on tax hikes for the rich. He’s cool with it. On the heels of President Obama‘s State of the Union address, where he called for the “Buffett Rule”: a requirement that millionaires pay at least 30% of their income in taxes, the richest man in America,...
President Obama never shuts up about people paying their fair share in taxes. 98,291 federal employees are delinquent on their taxes, and 36 of them are aides to Obama. The amount owed by the White House employees is a whopping $833,970. Maybe he should talk to them about paying their fair share. A new report...
Mitt Romney released a preview of his 2010 taxes to media outlets ahead of last night’s debate and the full filing will be released today. There’s nothing in there that’s all that notable, except confirmation that Romney’s as wealthy as we thought he was. Here’s The Wall Street Journal’s summary. GOP presidential candidate Mitt...
Here’s President Obama talking about taxes. Of course, he denies charges of class warfare while actively engaging in class warfare. “I’ve been hearing a lot of these Republicans talking about, oh, that’s class warfare, and he just wants to redistribute, and doesn’t believe in work, and he’s trying to create an entitlement society, and...
The only thing about this story that surprises me is that the Obama administration came out against the EU’s tax on airlines. The skies over Europe just became less friendly. Statists and environmentalists on the Continent have linked up to impose a new carbon-dioxide-emissions tax on flights to and from Europe. This heightens prospects...
So much for Obama’s promise to tax only the rich. One of the first things he did as president was raise the cigarette tax. Now there will be the online gambling tax and soon we’ll have more ObamaCare taxes. In January 2013, Obamacare will impose a medical-device tax on everything from pacemakers and prosthetic...
President Obama claims to be a champion on the poor and middle class, yet his policies tell a different story. The latest is the decision by the Obama administration to legalize online gambling. It will be like a tax on the poor. Most of all, bringing Internet gambling to America would hurt the poor,...
By now you’ve probably heard that the House voted to call for a House-Senate conference to work out the differences between the two bills extending the payroll tax cut. The House version had extended it for a year, the Senate version for only two months. I wish they were arguing about whether it’s wise...
The Senate passed a two month extension of the payroll tax cut and President Obama was ready to sign the legislation and rush off to Hawaii for an extended vacation. House Republicans said “not so fast” and put the brakes on the plan. It turns out, that was probably a good thing, because payroll...
On my way home from work yesterday I heard that Senate Majority Leader Harry Reid (D-NV) said the bill passed by House Republicans to keep the government up and running was dead in the Senate. I also heard that President Obama had scheduled a meeting with Democrat leaders. There was no mention of Republicans...
By now you’ve probably heard how New York Governor Andrew Cuomo broke his pledge to not raise taxes, and has struck a deal with Republicans and Democrats in the legislature to reduce taxes for the middle class and sock it to the rich. What I find so amusing is the “tax cut” the middle...
President Obama delivered his major class warfare speech today in Kansas, although he got mixed up momentarily and thought he was in Texas. I guess everything in between the two coasts is all the same to him. He railed about income inequality and said it’s make or break time for the middle class. President...
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