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Keyword: bushtaxcuts

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  • How the Fiscal Cliff Deal Hurt a Recovering Economy

    01/07/2013 4:03:14 PM PST · by Kaslin · 5 replies
    Townhall.com ^ | January 7, 2013 | Kevin Glass
    The deal that Congress came to on the fiscal cliff last week was a combination of half-measures, compromise, and kicking-the-can that nobody seemed to like but was overwhelmingly approved. Most of the meaures that constituted the cliff stood poised to harm the economy over the next two years - and Congress' failure to offset the cost of averting the cliff will result in a worse economy in the long run. As Americans everywhere found out with their first paychecks of the new year, Congress failed to reauthorize the temporary payroll tax cut that expired. This could result in between 300,000...
  • Democrat Underground Blames Bush for Obama Payroll Tax Hike

    01/06/2013 2:36:01 PM PST · by Kaslin · 38 replies
    Rush Limbaugh.com ^ | January 4, 2013 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: This is hilarious. As you know, ladies and gentlemen, beginning with the first day of the year, and because of the fiscal cliff deal, the temporary partial tax cut on the Social Security tax expired. There was a temporary partial exemption on the payroll tax. I've been asked if most people noticed it. They didn't notice it until they were told about it. It added up to, depending on your income, it could be a thousand dollars a year that you had extra because of this partial tax. Anyway, on January 1, that partial temporary tax cut...
  • America lives under the shadow of George W. Bush

    01/03/2013 5:58:34 PM PST · by MinorityRepublican · 31 replies
    CNN ^ | Thu January 3, 2013 | Julian Zelizer
    Princeton, New Jersey (CNN) -- Somewhere in Texas, former President George W. Bush is smiling. Although some Democrats are pleased that taxes will now go up on the wealthiest Americans, the recent deal to avert the fiscal cliff entrenches, rather than dismantles, one of Bush's signature legacies -- income tax cuts. Ninety-nine percent of American households were protected from tax increases, aside from the expiration of the reduced rate for the payroll tax. In the final deal, Congress and President Barack Obama agreed to preserve most of the Bush tax cuts, including exemptions on the estate tax. When Bush started...
  • Rep. Labrador: Democrats Acting Like “Bank Robbers” on Fiscal Cliff

    12/31/2012 12:54:49 AM PST · by Olog-hai · 20 replies
    Newsmax ^ | Sunday, 30 Dec 2012 01:17 PM | Sandy Fitzgerald
    Idaho Republican Rep. Raul Labrador said on Sunday that he’s “not really sure” Democrats want to avoid going over the fiscal cliff, and that they’re like “bank robbers” who want to raise taxes on everyone. … “They have tried to get us (Republicans) to fight against each other on taxes when—I’m not really sure that they don’t want to go over the fiscal cliff,” he said. “They want to expand the growth of government. They need more revenues. You know, Democrats are like bank robbers. You don’t have the money in the 2 percent—the money is in the 100 percent....
  • Seventh Circuit Blocks HHS Mandate for Private Business (Disses 10th Circuit "Hobby Lobby" Decision)

    12/30/2012 11:00:34 AM PST · by Mrs. Don-o · 22 replies
    NROnline/ The Corner ^ | December 29, 2012 | David French
    Late yesterday afternoon, the Seventh Circuit granted an emergency injunction against the HHS mandate — preventing its enforcement against an Illinois business and its owners. My colleagues at the ACLJ represent Korte & Luitjohan Contractors, Inc., a family-owned, full-service construction contractor. The company is located in Highland, Ill., and employs about 90 workers. The brief opinion is worth a read in its entirety, but two parts stand out. First, the court disagreed with the Tenth Circuit’s recent decision rejecting Hobby Lobby’s request for a similar injunction. In a key paragraph the court stated: The government also argues that any burden...
  • Democrats prepare tax-cut bills in case nation goes over 'fiscal cliff'

    12/30/2012 7:09:34 AM PST · by Libloather · 27 replies
    The Hill ^ | 12/29/12 | Peter Schroeder
    Leading Democrats are putting together fallback proposals if Washington fails to reach a deal on the “fiscal cliff” that would allow the party to cast itself as seeking to cut taxes. “Of course, I’ve got a backup plan in the event that we don’t succeed here,” Sen. Max Baucus (D-Mont.), chairman of the Senate Finance Committee, said Friday. “I’m sure the White House has one too.” Tax rates are set to expire on most households in January if Congress does not act to extend some of the rates, something some Democrats have long seen as giving their party an advantage....
  • Report: Obama Makes Threats, Concedes Little During Fiscal Cliff 'Negotiations'

    12/26/2012 5:30:13 PM PST · by Kaslin · 43 replies
    Townhall.com ^ | December 26, 2012 | Guy Benson
    While most media accounts of the fiscal cliff fiasco have focused on Republicans' travails, few have adequately noted Democrats' starring role in our current dysfunction.  Harry Reid obstructed a vote on the president's plan, Nancy Pelosi whipped votes against her own erstwhile plan, and the president has fully retreated from ideas he supported as recently as last year.  A pre-Christmas Wall Street Journal article walks readers through the failed negotiations, and two recurring themes are woven throughout: (1) Obama has zero interest in meaningful concessions on his end, and (2) Obama is supremely confident in his ability to stick Republicans...
  • WSJ: Obama threatened Boehner that he’ll use Inauguration & SOTU speches to blame GOP

    12/22/2012 3:15:52 PM PST · by chiller · 114 replies
    WSJ via The Washington Examiner ^ | 12/22/12 | Philip Klein
    President Obama has threatened House Speaker John Boehner that if no deal is struck on the “fiscal cliff,” he will use his Inaugural address and State of the Union speech next month to blame Republicans, according to the Wall Street Journal. In the Journal’s behind the scenes account of how fiscal cliff talks between Obama and Boehner hit a wall, what comes across is that the president is emboldened by his reelection and eager to extract more concessions from Boehner than he was willing to accept during last summer’s debt limit talks. This excerpt from the piece is revealing: Mr....
  • Obama to Boehner: 'I Will Use Inaugural Address, State of the Union to Blame GOP'

    12/24/2012 12:08:49 AM PST · by Kaslin · 45 replies
    Townhall.com ^ | December 23, 2012 | Kate Hicks
    Statesmanship at its finest: during fiscal cliff talks, President Obama reportedly told Speaker Boehner that he would use his two major speeches in January to blame Republicans for the stalled deal. According to the Wall Street Journal, the president wasn't too happy with the options House Republicans were willing to present, and made it clear he was willing to throw the GOP under the bus for the nation's financial woes. Mr. Obama repeatedly lost patience with the speaker as negotiations faltered. In an Oval Office meeting last week, he told Mr. Boehner that if the sides didn't reach agreement, he...
  • How 'Cliff' Talks Hit the Wall

    12/22/2012 8:56:08 AM PST · by yoe · 55 replies
    WSJ ^ | December 21, 2012 | PATRICK O'CONNOR and PETER NICHOLAS
    Congressional leaders and President Barack Obama called Friday for a return to negotiations to avert the so-called fiscal cliff, a day after talks cratered in a very public fashion when Republicans abandoned House Speaker John Boehner's backup plan. In truth, talks to secure a big deficit-reduction deal had already broken down Monday afternoon in the office of Mr. Boehner (R., Ohio)......[snip]A review of the negotiations, based on interviews with a dozen aides and lawmakers, suggests the problems lay in Mr. Boehner's inability to coax his rank-and-file to support a deal that raises taxes on higher-income Americans. Another factor was what...
  • Obama to Boehner: ‘You Get Nothing — I Get That for Free’

    12/23/2012 4:40:22 PM PST · by lowbridge · 29 replies
    http://www.theblaze.com ^ | December 23, 2012 | Madeleine Morgenstern
    A Wall Street Journal report detailing the broken-down status of talks between President Barack Obama and House Speaker John Boehner on the year-end “fiscal cliff” reveals that Obama threatened to use both his inaugural and State of the Union speeches to blame Republicans if there’s no deal. Negotiations reportedly came to a standstill after Boehner proposed increasing the tax rate on top earners: Mr. Obama repeatedly lost patience with the speaker as negotiations faltered. In an Oval Office meeting last week, he told Mr. Boehner that if the sides didn’t reach agreement, he would use his inaugural address and his...
  • Obama: I Met Republicans Halfway On Taxes, More Than Halfway On Spending

    12/22/2012 11:41:14 AM PST · by Sub-Driver · 106 replies
    Obama: I Met Republicans Halfway On Taxes, More Than Halfway On Spending THE PRESIDENT: Good afternoon, everybody. Over the last few weeks I've been working with leaders of both parties on a proposal to get our deficit under control, avoid tax cuts -- or avoid tax hikes on the middle class, and to make sure that we can spur jobs and economic growth -- a balanced proposal that cuts spending but also asks the wealthiest Americans to pay more; a proposal that will strengthen the middle class over the long haul and grow our economy over the long haul. During...
  • Bush Tax Rates: Democrats were against it before they were for it

    12/29/2012 9:57:03 AM PST · by Kaslin · 10 replies
    Townhall.com ^ | December 29, 2012 | Bob Beauprez
    One of the more hysterical components of the fiscal cliff saga is watching the Democrats falling all over themselves to champion the importance of preserving the existing tax rates – the George W. Bush Tax Rates – for nearly every American taxpayer.  The President last offer to Speaker Boehner would preserve the Bush Tax Rates for at least 99.5% of all taxpayers according to IRS data (all but individuals above $400,000 annual income). To be clear, there's nothing funny about the fiscal mess that our nation is in.  It's real.  It's serious.  And, if Washington fails to get its act...
  • Here Comes the Cliff

    12/24/2012 12:15:48 AM PST · by Kaslin · 11 replies
    Townhall.com ^ | December 24, 2012 | Michael Barone
    Last week, Republicans proved they are not a governing party. Next week we will see whether Democrats are. A governing party would have, reluctantly, passed Speaker John Boehner's Plan B, which would have preserved the current tax rates on everyone with incomes under $1 million. Passage would have put Senate Democrats on the spot, since they voted for a similar measure in 2010. They might have engaged in negotiations with Boehner that could have been more productive than his negotiations with Barack Obama this month and in the summer of 2011. Then, as Bob Woodward reports in his book "The...
  • Save the Middle Class ... and Everyone Else

    12/13/2012 6:04:33 AM PST · by Kaslin · 12 replies
    Townhall.com ^ | December 13, 2012 | Emmett Tyrrell
    Washington -- William McGurn, the esteemed Wall Street Journal columnist and soon-to-be editor of the editorial page of the New York Post, has made an interesting observation about the fabulous Bush tax cuts that are about to lapse. They amount to a substantial sum of money for a middle-class family. For the middle class it will be a big deal if they disappear. President Barack Obama has portrayed the Bush tax cuts as a rich person's tax cut, but now he is portraying them as a huge tax break for the middle class. Of a sudden he says do not...
  • Higher Tax Rates Won't Support Entitlement State

    12/06/2012 7:34:40 AM PST · by Kaslin · 12 replies
    Townhall.com ^ | December 6, 2012 | Michael Barone
    The fiscal cliff negotiations seem to be foundering on Barack Obama's insistence on higher tax rates on high earners and House Republican leaders' insistence on opposing them. The president believes he has a mandate from voters for his position, and House Republicans believe they have a mandate from voters for theirs. The real argument here is over the size and scope of government. Under Barack Obama, federal outlays -- the technical term for federal spending -- have increased to 24 and 25 percent of gross domestic product. That's a higher level of federal spending than in any year since 1946,...
  • The Kingdom of Fairness

    12/06/2012 4:11:49 AM PST · by Kaslin · 9 replies
    Townhall.com ^ | December 6, 2012 | Victor Davis Hanson
    We are still borrowing more than $1 trillion a year. Barack Obama has added more than $5 trillion to the national debt in just his first term alone. Such massive borrowing is unsustainable. Someone somehow at some time has to pay it back. Obama would agree. He once alleged that George W. Bush's much smaller deficits were "irresponsible" and "unpatriotic." Obama himself vowed to cut the budget deficit in half by the end his first term. Instead, Obama's annual deficits have never gone below $1 trillion. Three ways to establish a long-term trajectory toward a balanced budget were under discussion....
  • Obama Should Return To Clinton-Era Spending Levels

    12/03/2012 4:11:17 PM PST · by raptor22 · 9 replies
    IBD EDITORIALS ^ | December 3, 2012
    Fiscal Policy: Talk of Clinton-era tax rates ignores the fact that the former president, working with a GOP Congress, cut spending as a share of GDP and produced four balanced budgets by focusing on growth, not spending. Even as he pushes $150 billion in new "stimulus" spending, President Obama argues that to avoid the fiscal cliff we must return to Clinton-era tax rates for wealthy households, with a top marginal rate of 39.6% vs. the Bush-era 35%. Clinton's was an age of balanced budgets and economic growth. But it was also an era of budgetary restraint in which both parties,...
  • The Fallacies That Guide Us

    11/30/2012 5:53:20 AM PST · by Kaslin · 14 replies
    Townhall.com ^ | November 30, 2012 | Mona Charen
    Republicans find themselves in the unenviable position of being forced to agree to raise taxes on those earning more than $200,000 (the actual cut off for those Mr. Obama refers to as "millionaires and billionaires"), or risk being blamed for a tax increase on all taxpaying Americans. They will probably agree, which means it's a politically unavoidable policy, not a good policy. Why does Obama insist upon raising taxes? Not because he believes it will improve the economy, and not because he believes it will increase receipts to the Treasury. The proposed taxes would bring in about $80 billion a...
  • Time for Congressional Republicans To Expose Obama's Agenda

    11/30/2012 5:33:56 AM PST · by Kaslin · 32 replies
    Townhall.com ^ | November 30, 2012 | David Limbaugh
    We can get back to discussing GOP minority constituent recruitment soon, but in the meantime, we have a fiscal cliff issue that beckons -- the real fiscal cliff (America's imminent financial collapse), not the government shutdown molehill everyone is agonizing over. Congressional Republicans should look at their party's loss in the presidential election as liberating. They surely now understand that the strategy of soft-pedaling Obama's record and agenda doesn't work. They surely grasp that its fear of calling President Obama out on his real intentions and the disastrous consequences of his destructive policies just plays into his hands and enables...
  • The Best Solution

    11/20/2012 6:03:31 AM PST · by Kaslin · 6 replies
    Townhall.com ^ | November 20, 2012 | Tim Phillips
    During last Wednesday’s news conference, President Obama offered his plan for dealing with the looming fiscal cliff and expiring tax cuts. While the President claims he desires to work with Congress to reduce the deficit in a balanced and responsible way, he was clear that he intends to hold the middle class hostage in order to achieve his goal of increasing taxes on more successful Americans. How is the President doing this? By announcing that Congress must either bow to his agenda or send all Americans a higher tax bill. While Obama was busily pushing his ultimatum, he seems...
  • CBO Report: Avoiding the Fiscal Cliff Costs Over $1 Trillion

    11/15/2012 5:07:58 AM PST · by Kaslin · 15 replies
    Townhall.com ^ | November 15, 2012 | Kevin Glass
    The Congressional Budget Office released their analysis of the group of deficit-fighting policies known as the "fiscal cliff." The big takeaway: completely averting the contraction that would occur in 2013 and 2014 would cost $1.16 trillion - entirely deficit-financed. There would certainly be some economic benefits to all of this, however. The CBO has a wide range of estimates for the positives - between 0.8% and 5% growth in real GDP, and between 1.1 million and 5.8 million new jobs. There are a lot of caveats here, as it's an incredibly wide range of estimates, but there would certainly be...
  • For Sequestration

    11/07/2012 11:51:35 AM PST · by JerseyanExile · 67 replies
    Ace of Spades HQ ^ | November 7, 2012 | DrewM
    Sequestration is a terrible, horrible, no good idea. And we must let it happen. You know what you call $1.2 trillion in budget cuts? A good start. After last night it's clear that as presently constituted there is no electoral path to reducing the size and scope of government. Since we can not do that in an orderly and rationale way, we must use the tool we have at hand. The lame duck will feature a lot of talk about "grand bargains". No Just no. While the GOP and conservatives were crushed last night, the GOP still retains control of...
  • Quit Blaming Bush

    10/10/2012 8:58:41 AM PDT · by Kaslin · 9 replies
    Townhall.com ^ | October 10, 2012 | Jonah Goldberg
    "Now Gov. Romney believes that with even bigger tax cuts for the wealthy, and fewer regulations on Wall Street, all of us will prosper. In other words, he'd double down on the same trickle-down policies that led to the crisis in the first place." -- President Obama in an ad released Sept. 27. This is Obama's core message. In one way or another, he says it all the time. It's his kicker on the stump. You cannot watch an interview with the president or one of his subalterns without hearing it. And yet, I don't think I've ever heard a...
  • The Rich Don't Pay Enough?

    08/29/2012 10:56:14 AM PDT · by Kaslin · 20 replies
    Townhall.com ^ | August 29, 2012 | Walter E. Williams
    If you listen to America's political hacks, mainstream media talking heads and their socialist allies, you can't help but reach the conclusion that the nation's tax burden is borne by the poor and middleclass while the rich get off scot-free. Stephen Moore, senior economics writer for The Wall Street Journal, and I'm proud to say former GMU economics student, wrote "The U.S. Tax System: Who Really Pays?" in the Manhattan Institute's Issue 2012 (8/12). Let's see whether the rich are paying their "fair" share. According to IRS 2007 data, the richest 1 percent of Americans earned 22 percent of national...
  • Economists Agree: Extending Tax Cuts Aids Economy (Duh)

    08/07/2012 3:47:29 AM PDT · by Kaslin · 6 replies
    Townhall.com ^ | August 6, 2012 | Kevin Glass
    Speaker of the House John Boehner has recently touted a list of 88 economists who warn against the expiration of tax cuts on high-income earners. These economists came together from some of the country's top universities, think-tanks and business organizations to write that the expiration of the tax cuts pushed by President Obama "will hurt the economy and must be stopped before it goes into effect." Speaker Boehner also touted a study from Ernst and Young conducted for the National Federation of Independent Businesses that found that allowing tax rates to go up on high-income Americans could destroy up to...
  • Obama Now Blames His Trillion Dollar Deficits on Bush Tax Cuts

    07/28/2012 8:05:28 AM PDT · by Hojczyk · 35 replies
    Gateway Pundit ^ | July 28,2012 | Jim Hoft
    Today Barack Obama blamed his four years of trillion dollar deficits on the Bush tax cuts. From the president’s Weekly Address: You see, Republicans in Congress and their nominee for President believe that the best way to create prosperity in America is to let it trickle down from the top. They believe that if our country spends trillions more on tax cuts for the wealthy, we’ll somehow create jobs – even if we have to pay for it by gutting things like education and training and by raising middle-class taxes. They’re wrong. And I know they’re wrong because we already...
  • Federal Tax Data Is Signaling A Big Jump In Jobs

    07/27/2012 9:36:01 AM PDT · by SeekAndFind · 22 replies
    Business Insider ^ | 07/27/2012 | Lee Adler, The Wall Street Examiner
    As of July 25, Federal withholding tax collections for the prior 10 business days were 3.2% greater than last year. The 10 day total is extremely volatile however, so for that reason I also look at the 4 week moving average. It is up by 6% year over year in nominal terms. This number must be adjusted for compensation inflation to derive a real rate of change. This chart compares current withholding tax collections with last year on the same date. It shows this year running well ahead of last year in nominal terms. The gap has been widening all...
  • A Graphic On How Totally Wrong Liberals Are To Scapegoat The Bush Tax Cuts As A Cause Of The Deficit

    07/16/2012 10:12:06 AM PDT · by The Looking Spoon · 10 replies
    The Looking Spoon ^ | 7-16-12 | The Looking Spoon
    This is based on 2009 numbers. As far as I've been able to find, 2009 is the latest there is data available on the combined AGI of the top 1%.
  • McClatchy poll shows majority favor extending all Bush tax rates

    07/14/2012 8:59:25 AM PDT · by sunmars · 22 replies
    A new poll from Marist and McClatchy make the position of Reid and Obama even tougher. Contrary to Obama’s claim, a majority of registered voters want all of the current tax rates extended, even those of the highest earners: A majority of Americans want the Bush tax cuts extended for everyone, despite a strong push by President Barack Obama to eliminate them on higher incomes, according to a new McClatchy-Marist poll. The poll found 52 percent of registered voters saying they want all the tax cuts extended, including the tax cuts for incomes above $250,000, while 43 percent want the...
  • Uncertainty

    07/14/2012 4:28:42 AM PDT · by Kaslin · 12 replies
    Townhall.com ^ | July 14, 2012 | John C. Goodman
    Did you know that public uncertainty about federal economic policy is at a 30-year high? Economists at Stanford University and the University of Chicago have actually discovered a way of measuring how uncertain people are. They find that their measure of uncertainty correlates with such economic activities as deciding to invest, deciding how much to produce and deciding whether to hire more workers. One source of uncertainty is what will happen next January when American taxpayers will be hit with a large tax increase (mainly the expiration of the Bush tax cuts) and a major decrease in government spending (the...
  • Obama Redux? Welcome to Argentina

    07/12/2012 8:04:35 AM PDT · by Kaslin · 2 replies
    Townhall.com ^ | July 12, 2012 | Peter Ferarra
    With a second term for Obama, the world-leading America we have known and hoped to leave to our children will be gone. Last Friday's jobs report confirms that Obama is well on his way to transforming America into a third world country, with declining living standards and perpetual economic stagnation. Argentina enjoyed the world's fourth highest per capita GDP in 1929, on par with America at the time. But then the nation lost its way in embracing a leftist, union allied government, which took control of the economy and imposed wildly irresponsible taxes, spending, deficits, and debt. After World War...
  • If You Have an Income, Listen Very Carefully to Barack Obama

    07/10/2012 7:09:09 AM PDT · by SeekAndFind · 31 replies
    American Thinker ^ | 07/10/2012 | Gary Burk
    In his remarks at the White House yesterday President Obama Called for extending Bush tax breaks for another year -- at least for certain taxpayers, those earning less than $250,000 per year. Apart from the continued exacerbation of class warfare in pitting "the middle class" against "the wealthy," a more deadly nuance lurked in his words. Twice in his brief speech he pointed out that we need to enact this cutoff because "we cannot afford to spend on tax breaks for the wealthy." Those words should frighten and arouse anyone who has an income. They are not ill-chosen words; they...
  • Obama threatens veto of bill combining tax cuts for middle class, top earners

    07/10/2012 4:30:24 AM PDT · by tobyhill · 13 replies
    Fox News ^ | 7/10/2012 | fox news
    President Obama is threatening to veto any legislation that extends all the tax cuts set to expire at the end of the year, as he presses Congress to extend those cuts only for families whose yearly income is less than $250,000 -- and raises taxes on everyone earning more. The veto threat sets the early tone for what is expected to be a contentious battle between Democrats and Republicans through the rest of the year as they seek to avoid the so-called "taxmageddon" -- the sudden increase in taxes on all Americans that will occur if Congress doesn't vote to...
  • Poll:Today President Obama launched a push to extend Bush-era tax cuts for the middle class,<snip>

    07/09/2012 8:31:44 PM PDT · by AZ .44 MAG · 16 replies
    News 4 Tucson ^ | 7-9-2012 | News 4 Tucson
    Full title: Today President Obama launched a push to extend Bush-era tax cuts for the middle class, but not for those making over $250,000. Do you agree?
  • Obama to seek one-year extension for some of Bush tax cuts

    07/08/2012 10:46:10 PM PDT · by Innovative · 56 replies
    Reuters ^ | July 9, 2012 | Reutters
    President Barack Obama will call on Monday for a one-year extension of Bush-era tax cuts for families earning less than $250,000 a year, according to a White House official, seeking to spare the economy the impact of taxes going up on January 1. Obama, a Democrat, will make the request in a statement at the White House, said the official, who spoke on condition of anonymity. Republicans in Congress, however, are unlikely to be swayed, as they have consistently argued that the Bush tax cuts should be extended for everyone.
  • President extends Bush-era tax cuts to the middle class for just 1 year

    07/09/2012 10:51:56 AM PDT · by Nachum · 9 replies
    New York Post ^ | 7/9/12 | Staff w/ Associated Press
    Washington - President Obama launched a push to extend Bush-era tax cuts for the middle class for just one year as he seeks to shift the election-year economic debate from the dismal jobs market to assertions that Republican rival Mitt Romney protects the rich. Obama, in an address from the White House, called on Congress to pass a one-year extension of tax cuts for households making less than $250,000 a year. (Snip) The Bush-era tax cuts are due to expire at the end of the year unless Congress votes to extend them. Economists worry that across-the-board tax increases, along with
  • Can Any of These House Underdogs Survive?

    06/08/2012 6:46:26 PM PDT · by randita · 26 replies
    Rothenberg Political Report ^ | 6/8/12 | Stuart Rothenberg
    Can Any of These House Underdogs Survive? Stuart Rothenberg June 8, 2012 · 1:48 PM EDT Remember their names: Reps. Charles Bass (R-N.H.), John Barrow (D-Ga.), Bobby Schilling (R-Ill.), Jim Matheson (D-Utah) and Robert Dold (R-Ill.). If any of these five House incumbents survive, it will surprise most dispassionate observers (including some in their own parties). But upsets happen, and each of these candidates has a scenario for victory. Moments after Bass was declared the winner in November 2010, most political insiders figured he would be doomed in 2012. But considering his past electoral success, reports of his political demise...
  • Extend Bush-era tax rates, says … Larry Summers? (First Clinton, now him?)

    06/06/2012 8:45:30 AM PDT · by SeekAndFind · 1 replies
    Hotair ^ | 06/06/2012 | Ed Morrissey
    Yesterday, Bill Clinton got into hot water by making the radical suggestion that having a massive tax hike in a recessionary environment might not be such a great idea. Clinton walked that back later in the day after other Democrats attacked him and questioned his motives for, er, making economic sense. Those critics might be turning their guns on Barack Obama's first Director of the National Economic Council and a key architect of Obama's economic policies, who said the same thing earlier today on MSNBC's Morning Joe: Lawrence Summers said Wednesday that Congress should temporarily extend Bush-era tax cuts, making...
  • Obama will not extend tax cuts, W.H. says

    06/06/2012 10:12:04 AM PDT · by Free ThinkerNY · 56 replies
    Associated Press ^ | June 6, 2012 | DONOVAN SLACK
    The White House is sticking by its opposition to an extension of the Bush tax cuts for wealthy Americans despite the increasing number of Democrats voicing support for it, including former President Bill Clinton. Press Secretary Jay Carney told reporters aboard Air Force One on Wednesday that President Obama will not sign an extension. "He will not. Could I be more clear?" Carney said, according to the Associated Press.
  • Video: We’re in a recession and should extend the Bush tax cuts for the rich, says … Bill Clinton

    06/06/2012 6:11:38 AM PDT · by SeekAndFind · 18 replies
    Hotair ^ | 06/06/2012 | AllahPundit
    Via Mediaite. In case you're keeping score, here's where the Democratic brain trust is on tax cuts. The White House wants them extended for those making less than $250,000 per year; Nancy Pelosi wants them extended for those making less than $1 million per year (yes, even Pelosi is more concerned about small businesses than O is); and now O's Democratic predecessor is calling for a new temporary across-the-board extension to maximize the country’s chances at growth.No wonder Team Romney has a Clinton fan page up on their site. Good lord: "They will probably have to put everything off until...
  • Take Tax Increases Off The Table

    06/04/2012 9:21:11 AM PDT · by Kaslin · 5 replies
    Townhall.com ^ | June 4, 2012 | Brian Darling
    There’s a plan afoot to hike your taxes after the November election. Who woulda thunk it? According to Americans for Tax Reform, President Obama has already signed 21 tax hikes into law that hammer middle class and low income taxpayers. Included are a massive tax hike on tobacco, ObamaCare individual mandate surtaxes, ObamaCare employer mandate taxes, ObamaCare taxes on indoor tanning, and something called the “economic substance doctrine” that empowers the IRS to remove tax deductions from the code without the consent of Congress. Americans are already overtaxed. Now there is widespread fear that some Republicans may go wobbly on...
  • For Some Democrats, Bush Is To Blame-Forever And Ever

    05/22/2012 9:07:58 PM PDT · by Kaslin · 15 replies
    Townhall.com ^ | May 22, 2012 | Byron York
    In the early days of the Obama administration, a lot of people, including some Republicans, weren't much bothered by the new president's tendency to blame his predecessor for the nation's problems. After all, Barack Obama did inherit a mess from George W. Bush. The voters were inclined to give Obama time to turn things around. But how much time? Certainly a year was reasonable. And so, as Obama's one-year mark approached in 2010, many political analysts assumed he would stop blaming Bush for the nation's woes. The conversation would change from the problems Obama inherited to the effectiveness of his...
  • Democrats Love Taxes -- They Just Don't Want to Pay Them (That's Not News)

    02/02/2012 4:49:27 AM PST · by Kaslin · 7 replies
    Townhall.com ^ | February 2, 2012 | Larry Elder
    Forgive Republican candidate Mitt Romney for his alleged failure to adequately explain why he paid "only" 14 percent of his income in taxes. The honest answer -- "Well, because my accountants couldn't figure out how to get them any lower" -- does not work in this or very many other election years. Romney seemed flat-footed because, like most business people, he seeks to minimize costs and expenses. This includes taxes. A normal wealthy-and-proud-of-it guy would have said: "Let me get this straight, pal. I'm not supposed to take every legal advantage provided me by the tax laws to reduce my...
  • Mitt Romney. 2012 Presidential White Papers #5 (A devastating piece

    12/20/2011 8:19:30 AM PST · by Laissez-faire capitalist · 22 replies
    Club for Growth ^ | 2007 (with update) | Staff
    The Club for Growth wrote a white paper on Governor Romney back in 2007. Most of the information below is from that repory, but since Romney has been outspoken on several issues then, weve updated his record to reflect those positions. ...During his initial 2002 campaign Romney refused to sign an anti-tax pledge, but he pledged to balance the budget without raising taxes and touted his fulfillment of that pledge throughout his term. But the details suggest that he broke his verbal committment. Romney did not impose any broad-based tax hikes he imposed a slew of fee hikes. He opposed...
  • The Bush Tax Cut Fight: Bush: 3 -- Obama: 0

    11/30/2011 9:44:02 AM PST · by Kaslin · 5 replies
    Townhall.com ^ | November 30, 2011 | Donald Lambro
    WASHINGTON - Ten years after President George W. Bush cut income tax rates, his decision still remains at the epicenter of debate over future economic policy. President Obama, who came charging into office vowing to repeal the Bush's tax cuts, has been blocked at every turn by the Republicans, but also by some members of own party who thought it was insane to raise taxes in the midst of a recession when businesses were struggling and so many Americans were out of work. He reluctantly threw in the towel at the end of last year when the Bush tax cuts...
  • Travel guru Rick Steves gives $1M to arts center

    08/26/2011 3:21:46 PM PDT · by RitchieAprile · 33 replies
    The Seattle Times ^ | August 26, 2011 | The Associated Press
    EDMONDS, Wash. — Travel guru Rick Steves says he's trying to make a political statement by giving $1 million to an arts center in his hometown. He says the amount equals what he saved from tax cuts approved by former President George W. Bush beginning in 2001. The Herald newspaper of Everett reports ( http://bit.ly/quuOap) that Steves says he's alarmed that the tax burden on rich people has dropped while public funding for important local programs has been slashed.
  • White House to Push Repeal of Bush-Era Tax Cuts (looking to pre-empt the debt-ceiling committee)

    08/10/2011 5:53:24 PM PDT · by SeekAndFind · 23 replies
    Newsmax ^ | 08/10/2011 | T.M. Golub
    The White House is poised to revive efforts to repeal the Bush-era tax cuts, according to the website Humanevents.com. The website reached the conclusion from comments made by President Barack Obama as well as his press secretary Jay Carney in recent days. The administration will likely look to pre-empt the debt-ceiling super committee as it crafts the next stage of the debt-reduction package by insisting that those earning over $250,000 a year be more inclined to pay their fair share in taxes, the website says. Carney cited House Speaker John Boehner’s support of generating $800 billion in revenue when the...
  • Liberals Lost the Tax War

    12/27/2010 2:52:24 PM PST · by Kaslin · 5 replies · 1+ views
    Townhall.com ^ | December 27, 2010 | J. T. Young
    Liberals find themselves in a tax trap. A tax bill trap, that is. While the recently enacted tax bill certainly has elements with which conservatives can rightfully disagree, there are far more – and far bigger – parts for liberals to dislike. Following the adage “the enemy of my enemy is my friend,” conservatives should love this legislation. The most obvious problem for liberals with the extension of all the Bush tax cuts for an additional two years is the bipartisan mention of its positive economic effect. This has become the consensus selling point for this legislation. The question that...
  • Thanks for the Tax Cut! (Larry David feels guilty about his fortune)

    12/21/2010 9:00:35 AM PST · by Libloather · 46 replies
    NY Times ^ | 12/20/10 | LARRY DAVID
    Thanks for the Tax Cut!By LARRY DAVID Published: December 20, 2010 THERE is a God! It passed! The Bush tax cuts have been extended two years for the upper bracketeers, of which I am a proud member, thank you very much. I’m the last person in the world I’d want to be beside, but I am beside myself! This is a life changer, I tell you. A life changer! To begin with, I was planning a trip to Cabo with my kids for Christmas vacation. We were going to fly coach, but now with the money I’m saving in taxes,...