When former President George W. Bush passed his landmark tax cuts the Democrats insisted that they have a sunset date. Well that date is fast approaching. I don’t hear our current President Barrack H. Obama talking about it, other than to scream about raising taxes on the wealthy. The media is too busy drumming...
When the economy tanked a few years ago Sweden’s Finance Minister Anders Borg did the opposite of what everyone else in the world was doing. Rather than following the Keynesians, he cut taxes. Not only did he cut taxes, he cut taxes on rich people. Now Sweden is enjoying strong economic growth and the...
Dr. Owens: When will citizens rise in their righteous anger and demand not a New Deal, not a Great Society, a New Frontier or a Fundamentally Transformed America, but instead their original deal.
Politicians, especially Democrats, love talking about raising taxes on the rich because they say it’s only fair. But they know there aren’t enough rich folks in America to make a difference. They also know there’s vast wealth out there in the retirement accounts of middle class taxpayers. So it only makes sense they would...
Michael Reagan was interviewed by Megyn Kelly this afternoon about recent comments by President Obama about Ronald Reagan. While trying to sell his Buffett Rule, Obama referred to the former president as “That wild-eyed socialist, tax-hiking class warrior.” His son Michael is not amused and told Kelly “I’m tired of President Obama lying about...
I finally was able to speak with our accountant this afternoon to find out how much money we owe the IRS. Let’s just say I wasn’t jumping for joy, especially when he reminded me “Your taxes are going up next year.” He went on to say that nobody, Republican or Democrat, is talking about...
President Obama’s beloved Buffett Rule failed today in the United States Senate. The Wall Street Journal reported that every Republican voted against the measure with the exception of Senator Susan Collins from Maine. (Shocking, I know.) All of the Democrats voted for it, except for Arkansas Senator Mark Pryor. I guess Pryor understands basic...
Happy Tax day! Actually, tax day is tomorrow, because the 15th fell on a Sunday and today is DC Emancipation Day so we get an extra day before we have to pay. (Fun fact: Did you know the Republicans were responsible for Emancipation Day, not the Democrats?) Anyway, Mr. LC and I are still...
President Obama is still pushing hard for the Buffett Rule. Now he’s saying it will boost job growth. Pretty soon he’ll say it will provide care for the sick and jobs for the jobless while slowing the rise of the ocean. “As many Americans rush to file their taxes this weekend, it’s worth pointing...
President Obama took a little time away from fundraising to do some straight up campaigning. He’s still pushing for the Buffett Rule, even though everyone agrees it won’t do anything to reduce the deficit or national debt. It’s now all about fairness, or something. He thinks it’s fair to take more and more from...
Germany has introduced a tax on the young. I almost wish this would happen in the United States to demonstrate to young Americans exactly what the politicians are doing to them. Instead we get more calls for taxing “the rich,” but there aren’t enough rich people to cover all of the promises the government...
Remember this the next time you hear a progressive blathering about companies that ship jobs overseas. Why wouldn’t they? I’m surprised more businesses haven’t done it. April Fool’s – the joke’s on us! This April Fool’s Day, the joke is on all of us. That’s because as of April 1, the U.S. now has...
I spent the entire afternoon getting all of my ducks in order for our meeting with our accountant next week. All through the year I keep up with Mr. LC’s business with Quick Books. I had a problem this year, I had it set up so the business bank account would automatically feed information...
Hey, do you remember when President Obama insisted that the mandate to purchase health care was not a tax? Well, watch this video and remember what he said when you pay your health insurance premium. It won’t make you feel better, but it will give you something to think about, especially the part where...
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