Articles Posted by 92nina

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  • Is Obama’s Treasury Department Planning a Carbon Tax?

    11/16/2012 2:20:15 PM PST · by 92nina · 17 replies
    ATR ^ | 2012-11-13 | Christopher Prandoni
    The Competitive Enterprise Institute thinks so and [Tues]day “filed suit to force the Treasury Department to release more than 7,300 emails believed to discuss a new ‘carbon tax’ Obama administration allies in Congress are expected to propose in the upcoming lame duck session.” The CEI press release continues, “the suit, filed in U.S. District Court in Washington, D.C., seeks emails on official government accounts that CEI had requested under the Freedom of Information Act. Treasury has said nothing about this topic publicly, but the existence of such extensive email traffic likely reflects serious ongoing discussions between Treasury officials, outside pressure...
  • Does President Obama Want the Clinton-Era Tax Rates? No.

    11/16/2012 12:59:45 PM PST · by 92nina · 3 replies
    ATR ^ | 2012-11-14 | Mattie Duppler
    [Wednes]day, the President held his first press conference since being elected to a second term. President Obama was given the opportunity to come clean on the size of the tax hike he wants on small business employers when MSNBC White House Correspondent Chuck Todd asked him: “Are you -- is there no deal at the end of the year if tax rates for the top 2 percent aren't the Clinton tax rates, period, no if, ands or buts? Any room in negotiating on that specific aspect of the fiscal cliff?” The President has repeatedly argued that he wants “to go...
  • CBO Report: Taxmageddon Means Unemployment of 9.1 Percent for 2013

    11/12/2012 10:36:51 AM PST · by 92nina · 12 replies
    ATR ^ | 2012-11-09 | Rhett Brooks
    A new CBO report released yesterday finds that Taxmageddon’s economic impact for 2013 would be disastrous for the economy. The report projects that gross domestic product (GDP) would fall by 0.5 percent for 2013, a recession by economist standards. The loss in growth would then result in millions of lost jobs by raising unemployment from 7.9 for the current quarter to 9.1 for the fourth quarter of 2013. In contrast, the CBO expects growth to reach 2.25 percent (not including an additional .75 percent in growth from extending payroll tax cut and long-term unemployment benefits) by the end of 2013...
  • EPA Regulation of the Day: 316 (b) Cooling Towers Rule

    11/08/2012 10:25:53 AM PST · by 92nina · 3 replies
    ATR ^ | 2012-11-06 | Tom Fletcher
    Quote of the Day: “Somehow we have to have to figure how to boost the price of gasoline to the levels in Europe.”- Energy Secretary Steven Chu Regulatory cap-and-trade With Congress and the American people rejecting cap-and-trade, the Obama Administration has employed the Environmental Protection Agency (EPA) to achieve similar ends. Delaying job-killing regulations until after the November election, the EPA is currently sitting on numerous proposed rules sure to increase the cost of energy. A recent report from Senator James Inhofe (R-Okla.) unearths thirteen EPA regulations likely to hit American consumers should President Obama be reelected. ... 316 (b)...
  • Gary Johnson-Mitt Romney Vote Swap

    11/05/2012 9:20:13 AM PST · by 92nina · 19 replies
    GaryMittVoteSwap.com | November 5, 2012 | GaryMittVoteSwap.com
    Gary Johnson voters in swing states and Mitt Romney voters in uncontested states now have a way to swap votes, resulting in a win-win for both sides. Go to http://garymittvoteswap.com to connect. This could make a difference in this very close election. Conservatives in safe states are NEEDED.
  • Debt Ceiling Redux: Government Still Sits on Too Many Assets to Default

    11/01/2012 9:07:22 AM PDT · by 92nina · 6 replies
    ATR ^ | 2012-10-31 | Kyle Pomerleau
    Today, the Treasury announced that it expects the federal government to reach the debt ceiling near the end of this year. Matthew Rutherford, the assistant secretary for financial markets at the treasury said that “treasury has the authority to take certain extraordinary measures to give Congress more time to act to ensure we are able to meet the legal obligations of the United States.” This announcement corresponds with a recent letter sent to Treasury on October 15th by Senators Hatch and Sessions asking what plan the government has to prevent defaulting on its obligations. While Treasury has stated it can...
  • The IRS Tax Form for Obamacare Individual Mandate

    10/30/2012 1:15:19 PM PDT · by 92nina · 28 replies
    ATR ^ | 2012-10-29 | [Staff]
    As a service to the public, Americans for Tax Reform has released a projected tax form to help families and tax specialists prepare for the additional filing requirement required by the Affordable Healthcare Act's individual mandate. Starting in 2014, all Americans who file income tax returns must complete an additional IRS tax form. The new form requires disclosure of a taxpayer’s personal identifying health information in order to determine compliance with the Affordable Care Act’s individual mandate. As confirmed by IRS testimony to the tax-writing House Committee on Ways and Means, “taxpayers will file their tax returns reporting their health...
  • U.S. Corporate Income Tax Rate Is a Foreign Policy Debate Issue

    10/23/2012 7:28:51 AM PDT · by 92nina · 1 replies
    ATR ^ | 2012-10-22 | Ryan Ellis
    The U.S. corporate income tax is the highest in the developed world. When state corporate taxes are factored in, the U.S. has the highest corporate income tax rate in the world at 39.2 percent. America not only has a higher rate than the developed nation (OECD) average; we have a higher rate than each of our chief trading competitors: Country Corporate Income Tax Rate United States 39.2% OECD Average 25% Canada 27.6% Mexico 30% Japan 35% Germany 30.2% United Kingdom 26% France 34.4% Obama claims to be for corporate tax reform, but his plan is actually a net tax hike....
  • Comparing Obama and Romney's Tax and Budget Plans in One Handy Chart

    10/22/2012 1:44:47 PM PDT · by 92nina · 7 replies
    ATR ^ | 2012-10-19 | Rhett Brooks
    A lot of discussion has been made on the specifics of President Barack Obama and Governor Mitt Romney’s tax and budget plans. Based on statements made by both presidential candidates and CBO projections, it can be concluded that there is a drastic difference between their plans. Our friends at the Tax Foundation have constructed a fun and convenient chart comparing the topline tax and budget positions of President Obama and Governor Romney:
  • Nanny State Update: a State Grant to Spy on you While you Drive and a Ban on Another Snack

    10/22/2012 10:07:51 AM PDT · by 92nina · 31 replies
    Cost of Government Center ^ | 2012-10-19 | [Staff]
    The nanny-staters have been busy this week finding every way they can attack your freedom. Grant aimed at creating a force of peeping-toms: If you live in Massachusetts and Connecticut, watch out! The Department of Transportation has announced a grant for expanding these states’ ability to spy on drivers to make sure they are not texting while driving. Besides the obvious invasion of privacy, this money is wasted on preventing a behavior that is not linked to a marked increase in traffic fatalities. “The irony here is that the statistics really don’t bear out the ideas that these things are...
  • Biden Should Be the Last Person to Mention Tax Pledges

    10/22/2012 9:25:44 AM PDT · by 92nina
    ATR ^ | 2012-10-18 | Adam Radman
    In a recent campaign stop in Nevada, Vice President Biden attacked Gov. Romney for signing the Taxpayer Protection Pledge to oppose and veto any tax increases. During his speech, Biden purposely distorted the meaning of the Pledge by saying: “These guys signed a pledge to Grover Norquist, instead they should sign a pledge to you, the middle-class people.” As Americans for Tax Reform has repeatedly pointed out, the language of the Taxpayer Protection Pledge is quite clear. The Pledge is a personal, written commitment by an elected official to taxpayers. The Pledge is made in writing to voters before a...
  • CEOs Warn Congress of 'Grave Consequences' in Taxmageddon

    10/19/2012 12:52:47 PM PDT · by 92nina · 31 replies
    ATR ^ | 2012-10-18 | Rhett Brooks
    Today a letter was sent to the President and members of Congress by 15 CEOs from some of the largest financial institutions in the U.S. The 15 CEOs who signed the letter represent the Financial Services Forum, a non-partisan organization that deals specifically with financial and economic policy. In the letter, they urge for the avoidance of the coming Taxmageddon and warn of the dire effects that inaction would have on the economy: “The consequences of inaction—for stability in global financial markets, for economic growth, for millions of Americans still without work, and for the financial circumstances of American businesses...
  • Three Ways Obama Hides His War on Affordable Energy

    10/18/2012 1:30:24 PM PDT · by 92nina · 6 replies
    ATR ^ | 2012-10-17 | Christopher Prandoni
    During Tuesday’s presidential debate, President Obama dedicated a substantial amount of time arguing that he, in fact, is a huge advocate of traditional energy – coal, natural gas, and oil. In reality, during the past four years Americans have watched gasoline prices double, the Keystone Pipeline needlessly killed, and the phasing out of coal-fired electricity. While these industries employ millions of Americans, the implications of Obama’s policies affect every American energy consumer. With fewer offshore lease sales, Obama’s has all but assured higher prices at the pump. With less coal being converted into power, Obama has all but assured higher...
  • Proposition 2: Not Wanted

    10/18/2012 12:28:47 PM PDT · by 92nina · 4 replies
    Alliance for Worker Freedom ^ | 2012-10-18 | Tom Fletcher
    On November 6th the people of Michigan will go to polls and vote whether to enshrine collective bargaining in the state constitution or allow Michigan’s legislature to retain control of its state. The simple fact is that Proposition 2 will give Big Labor free reign over a range of issues and will allow them to essentially veto anything they don’t like. According the Mackinac Institute, Proposition 2 could potentially cost the taxpayers of Michigan billions in savings. Current laws that could be affected include: Health insurance premium sharing. Recent legislation protects taxpayers from paying lavish government employee health insurance premiums....
  • Top Five Obama Tax Falsehoods from Second Debate

    10/18/2012 9:52:49 AM PDT · by 92nina · 2 replies
    ATR ^ | 2012-10-17 | John Kartch and Ryan Ellis
    1. Obama: “Four years ago, I told the American people I would cut taxes for middle class families. And I did.” Reality: Obama has clearly broken his 2008 “firm pledge” not to sign “any form of tax increase” on families making less than $250,000. Of the twenty new or higher taxes in Obamacare, no fewer than seven of the taxes fall directly on middle class families, and many more will raise costs indirectly for these families. Of recent note, Obama has altered his tax pledge: In a second term, he only promises not to raise income taxes on those making...
  • How the Obama-Biden Plan Raises Taxes on One Million Small Businesses

    10/16/2012 12:39:14 PM PDT · by 92nina · 1 replies
    ATR ^ | 2012-10-16 | Ryan Ellis
    The Obama-Biden tax plan calls for a hike in the small business tax rate from 35 percent today to over 40 percent next year. President Obama and his supporters will often argue that “only” three percent of small business owners will be affected by his tax rate hike. While this is true, it masks the fact that this is a tax increase on one million successful small businesses (i.e. three percent of the 30 million small business tax returns filed annually). The Obama-Biden plan will raise taxes on a majority of small business profits and hit those companies which employ...
  • President Obama Breaks Promise to Reduce Deficit

    10/16/2012 8:14:54 AM PDT · by 92nina · 1 replies
    ATR ^ | 2012-10-16 | Rhett Brooks
    Despite President Obama’s promise that the deficit would be cut in half by the end of his first term, the CBO’s recent report of a $1.1 trillion deficit for FY 2012 will mark the fourth consecutive trillion dollar deficit year under this administration. As election-day nears, President Obama’s track record continues to be tarnished with his failure to keep his promises on taxes, healthcare, and now the deficit. The economic statistics compiled by the CBO reflect the current administration’s incompetency in key areas:    Before  Now  Change  Long-Term Unemployed1  2.7 Million 4.8 Million   +78%  Price of Gas2  $1.85  $3.85  +108%...
  • How Big is Romney's Middle Class Tax Cut?

    10/15/2012 1:44:16 PM PDT · by 92nina · 1 replies
    ATR ^ | 2012-10-15 | Ryan Ellis
    The Romney-Ryan tax plan gets a jumpstart on fundamental tax reform. To do this, the plan would lower all marginal income tax rates by 20 percent. To pay for this rate reduction, the Romney-Ryan tax plan would broaden the income tax base, but only for high earners. Below is how three typical middle-income households will fare under the Romney-Ryan tax plan (each household is assumed to use the standard deduction and personal exemptions/child tax credit): Family of Four earning the median income:Adjusted gross income: $70,000 Federal income tax under present rules: $3,581 Federal income tax under Romney-Ryan: $2,465 Annual Tax...
  • EPA Finalizes Yet Another Expensive Mandate

    10/15/2012 12:56:00 PM PDT · by 92nina · 33 replies
    ATR ^ | 2012-10-15 | Christopher Prandoni
    Obama’s Environmental Protection Agency (EPA) and National Highway Traffic Safety Administration (NHTSA) codified their war on American drivers by finalizing new car mileage mandates, otherwise known as CAFÉ standards. Increasing the cost of new cars by thousands of dollars, new CAFÉ rules will require cars built in 2025 to get at least 54.5 miles per gallon. With current 2011 cars averaging 28.6 miles per gallon, the EPA is going to require automotive manufacturers to nearly double fuel economy standards in a little more than a decade. While the Obama administration has made the 2009 Auto-Bailout one of the center-pieces of...
  • Biden’s Tax Malarkey

    10/12/2012 1:01:36 PM PDT · by 92nina · 5 replies
    ATR ^ | 2012-10-12 | John Kartch
    During Thursday’s debate, Vice-President Joe Biden engaged – in his words – in a fit of malarkey on the tax issue. Below are the details of what he claimed and what the real truth is: Biden: “97 percent of the small businesses in America pay less - make less than $250,000. Let me tell you who some of those other small businesses are: hedge funds that make $600 million, $800 million a year. That's – that's what they count as small businesses, because they're pass-through.” The Obama-Biden plan to raise the top two marginal income tax rates (from 33 and...
  • Shattered: Biden Debate Promise Not to Raise "any tax" on Middle-Class

    10/12/2012 9:47:54 AM PDT · by 92nina · 5 replies
    ATR ^ | 2012-10-11 | John Kartch
    During the Oct. 3, 2008 vice-presidential debate, in front of 70 million viewers, then-candidate Joe Biden made a promise to the American people: “No one making less than $250,000 under Barack Obama’s plan will see one single penny of their tax raised whether it’s their capital gains tax, their income tax, investment tax, any tax.” [Transcript] Biden’s promise echoed that of then-candidate Barack Obama. Speaking in Dover, New Hampshire on Sept. 12, 2008, Obama said: “I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not...
  • Marginal Tax Rates Key for Taxpayers

    10/11/2012 1:14:30 PM PDT · by 92nina
    ATR ^ | 2012-10-10 | Rhett Brooks
    The looming Taxmageddon could affect how taxpayers look at their taxes. In a post by Roberton Williams of the Tax Policy Center, Williams presents the increasing importance of marginal tax rates (MRTs) relative to average tax rates. Williams states that “MTRs matter more than usual this year because of the impending [Taxmageddon].” Taxmageddon contains numerous tax hikes scheduled to increase MTRs, including increases on earned and investment income. In addition to the Taxmageddon tax hikes, the Obamacare law will also raise taxes on investment income. The effects of Taxmageddon and Obamacare will be devastating to taxpayers as the top MTR...
  • California Education Officials Violate Education Code Section 7054

    10/09/2012 8:26:47 AM PDT · by 92nina · 2 replies
    ATR ^ | 2012-10-04 | Matt Blumenfeld
    During the course of California Gov. Jerry Brown’s campaign for Proposition 30, the estimated $6 billion income and sales tax hike on the November ballot, school officials throughout the state have been warning students through letters, emails, rallies, and word of mouth that the passage of this ballot measure is essential and necessary for the continuation of the California educational system as it currently stands. While school officials are allowed to voice their personal opinion on an issue outside of their professional role, they are not allowed to lobby students or their parents on ballot measures using educational funds, as...
  • Reagan vs. Obama – Another Reminder of Obama's Failed Economic Policies

    10/08/2012 9:23:05 AM PDT · by 92nina · 3 replies
    ATR ^ | 2012-10-05 | Kyle Pomerleau
    Today’s unemployment report resembled Obama’s debate performance: poor and misleading. Wednesday, the President tried to convince the American people that they are better off than they were 4 years ago, but Americans are not buying it. When the numbers are all against you, it is hard to disguise failure. Today’s job report reflects that failure. The report showed the unemployment rate dropped to 7.8 percent, with the economy adding only 114,000 more jobs in the month of September. This is being hailed as good news by the President and the media. It speaks to how bad the economy is if...
  • Top Five Obama-Biden Tax Hikes Burying the Middle Class

    10/04/2012 2:56:36 PM PDT · by 92nina
    ATR ^ | 2012-10-03 | John Kartch and Ryan Ellis
    The following are the top five tax increases on the middle class signed into law by the Obama-Biden administration: 1. The Obamacare Individual Mandate Non-Compliance Tax: Starting in 2014, anyone not buying “qualifying” health insurance – as defined by President Obama’s Department of Health and Human Services -- must pay an income surtax to the IRS. The Congressional Budget Office recently estimated that six million American families will be liable for the tax, and as pointed out by the Associated Press: “Most would be in the middle class.” In addition, 100 percent of Americans filing a tax return (140 million...
  • Advancing Internet Freedom and Intellectual Property Rights Not a Zero Sum Game

    10/02/2012 8:55:34 AM PDT · by 92nina · 1 replies
    Digital Liberty ^ | 2012-10-02 | Laurel Kays
    Internet freedom and intellectual property rights are often considered to be in conflict with each other, with a win for one cause generally seen as a loss for the other. However the newly formed Internet Association, a lobbying group whose powerful members include Google, Facebook, and Amazon, seems to differ with this notion. Michael Beckerman, the President of the group, who advocate for the protection of internet freedom and promotion of experiment and innovation, gave an interview two weeks ago in which he noted that, “I would say that no-one has done more to protect intellectual property than these Internet...
  • Updated: How Much More Does It Cost to Hire a Federal Bureaucrat?

    09/28/2012 1:37:02 PM PDT · by 92nina · 7 replies
    ATR ^ | 2012-09-25 | Ryan Ellis
    When politicians claim that they will save money by “in-sourcing” federal functions from contractors, or will respond to some new need by expanding the federal workforce, that has a cost to taxpayers. How much is that cost? In order to determine the cost of hiring a new federal bureaucrat, ATR has calculated the “all-in” cost of hiring a new federal employee. We include salary as well as benefits, pension contributions, training and other expenses, and payroll taxes. We assume a 40-year federal career. The numbers presented are both nominal and inflation-adjusted. Here are the results for a low-cost, medium-cost, and...
  • Tax Policy Center's Analysis of Romney's Tax Plan Inaccurate

    09/27/2012 11:58:43 AM PDT · by 92nina · 1 replies
    ATR ^ | 2012-09-26 | Rhett Brooks
    The Tax Policy Center (TPC) released a report in March of 2012 detailing the effects of the Romney tax reform plan on taxpayers. The conclusion reached by the Tax Policy Center stated that the Romney tax reform plan would cut taxes for high-income taxpayers and raise them for middle and lower-income earners. Since the report was released, President Obama and his team have ran with it and used it to undermine the credibility of Romney’s plan. Senior Analyst in Tax Policy at the Heritage Foundation, Curtis Dubay, released his rebuttal of the TPC report yesterday which revealed many of the...
  • County Governments Revolt Against Gov. Martin O'Malley

    09/26/2012 11:44:57 AM PDT · by 92nina · 8 replies
    ATR ^ | 2012-09-25 | Matt Blumenfeld
    Throughout Maryland, county governments have begun to push back against the reckless fiscal policies of Governor Martin O’Malley. During Maryland’s first special session, this past summer, Marylanders saw their taxes once again increased and witnessed the state government passing the buck on teacher pension liabilities to the county governments. In addition, Gov. O’Malley has put into action a whole slew of new regulations on vehicles, rainwater run-off, and septic systems. With continuously diminishing authority over local government specific issues and even higher taxes, county officials are hoping to posture themselves in order to curb not only the authority of the...
  • Democratic Candidate for N.C. Governor Shares Perdue’s Foot-in-Mouth Disease

    09/25/2012 12:22:19 PM PDT · by 92nina
    ATR ^ | 2012-09-21 | Patrick Gleason
    As we hit the home stretch in the North Carolina governor’s race — one of the most hotly contested gubernatorial races in the country this year — Democratic nominee Walter Dalton is going into desperation mode and getting sloppy with his remarks in the process. Earlier this week Americans for Tax Reform noted how Dalton unintentionally complimented his opponent, former Charlotte mayor Pat McCrory, by comparing him to Wisconsin governor Scott Walker. In the same speech where Dalton made those remarks last week, the Democratic nominee also criticized Pat McCrory for saying nice things about Tennessee’s lack of an income...
  • Economists Opposed to Taxmageddon

    09/25/2012 10:45:43 AM PDT · by 92nina · 1 replies
    ATR ^ | 2012-09-25 | Rhett Brooks
    The National Association for Business Economics (NABE) recently surveyed 236 business economists on fiscal policy issues, including the looming Taxmageddon and Obamacare. The results of the survey reflect a clear divide on taxes between economists and Democrats in Congress. According to the survey, a majority of respondents support the extension of “payroll tax cuts, current marginal income tax rates, and current tax rates for dividends and capital gains for most or all taxpayers through 2013.” Furthermore, between 35 and 45 percent favor the permanent extension of income, dividends, and capital gains at their current rate. On the issue of tax...
  • Teachers Union 1: Rahm 0

    09/24/2012 8:22:54 AM PDT · by 92nina · 8 replies
    ATR ^ | 2012-09-21 | Matt Blumenfeld
    With the Chicago Teachers Union ending their seven school day strike earlier this week, the focus should now turn to the details of the new, tentatively, accepted deal: the CTU must vote to approve the deal on Oct. 2. Chicago Mayor Rahm Emanuel had a chance to truly reform the education system of Chicago and curb the over-indulgent greed of unions, beginning with the CTU. Instead, Mayor Emanuel is going to have to raise taxes to pay for the agreed upon demands of the CTU while trying to balance a city budget that is already $369 million in the red....
  • Come Fly With Me

    09/21/2012 1:38:39 PM PDT · by 92nina · 4 replies
    Alliance for Worker Freedom ^ | 2012-09-20 | Tom Fletcher
    The pilots are at it again. While American Airlines languishes in bankruptcy court, they have taken the difficult steps of instituting cuts to wages, benefits, vacation time and flights. As a result, airline pilots are none-too-pleased, and could create countless problems for the millions of passengers the airline serves each year. According to a Wall Street Journal article: Airlines workers periodically perform badly or walkout to get the attention of management and gain leverage in negotiations. It’s a messy battle that leaves passengers as collateral damage. Late flights means families with small children get stranded at airports when they miss...
  • Fiscal Cliff Tops Euro Crisis as Biggest Concern for Investors

    09/20/2012 12:23:04 PM PDT · by 92nina · 2 replies
    ATR ^ | 2012-09-20 | Rhett Brooks
    A recent survey conducted by BofA Merrill Lynch Fund Manager reflects growing pessimism over the looming 2013 fiscal cliff. A total of 253 panelists with $681 billion in managed assets participated in the September survey. For the month of September, 35 percent of investors surveyed listed the fiscal cliff as their biggest concern in contrast to the EU debt Crisis at 33 percent. The EU debt crisis had previously been listed as the biggest concern for investors at 48 percent for August. But as concern over the debt crisis in the EU subsides, investor focus has shifted to Congress' budget...
  • Not Too Late to Oppose Proposed Omaha Cigarette Ordinance

    09/20/2012 10:57:10 AM PDT · by 92nina · 8 replies
    ATR ^ | 2012-09-20 | Matt Blumenfeld
    The Omaha City Council is currently pushing for the passage of a new ordinance that would add an occupation tax of 35 cents per pack of cigarettes purchased within the city of Omaha, Nebraska: this increase will be in addition to the 64 cents in state taxes. The annual revenue generated from this proposed ordinance is estimated at $35 million over ten years, and will go towards funding the construction of the University of Nebraska Medical Center and Nebraska Medical Center campus. The total cost of the project is estimated at $370 million. The state of Nebraska has already agreed...
  • Walter Dalton Claims McCrory Would Govern North Carolina Like Scott Walker

    09/20/2012 8:03:31 AM PDT · by 92nina · 13 replies
    ATR ^ | 2012-09-17 | Patrick Gleason
    Walter Dalton, North Carolina’s current Lt. Governor and Democratic nominee to be the state’s next governor, has been stepping up his attacks on Republican nominee Pat McCrory lately. On the campaign trail in Raleigh last Thursday, Dalton sought to tie McCrory to Wisconsin Gov. Scott Walker. But a review of Walker’s record makes one wonder why Dalton finds this comparison to be a negative. Chief Executive magazine’s annual survey of CEOs on the best and worst states for business had Wisconsin making the biggest improvement of any state following Walker’s regulatory and labor law reforms in 2011, rising to 24th...
  • Simpson-Bowles Plan Is a $5 Trillion Net Tax Hike in First Full Decade

    09/19/2012 12:11:19 PM PDT · by 92nina · 7 replies
    ATR ^ | 2012-09-17 | Ryan Ellis
    Simpson-Bowles targets permanently higher taxes. According to the Simpson-Bowles co-chair report, the revenue target of their proposal is to “cap revenue at or below 21 percent of GDP.” The Simspon-Bowles revenue target is much higher than the historical average. Using historical data either from CBO or OMB, it’s clear that the historical tax revenue burden is closer to 18.5 percent of GDP. Simspon-Bowles is a $5 trillion net tax hike relative to historical tax levels. If Simpson-Bowles’ revenue target was in place for the whole next decade, it would raise $5 trillion more in tax revenue than if historical revenue...
  • Nanny State Update: No More Soda for NYC and Bag Taxes for San Francisco

    09/18/2012 7:56:01 AM PDT · by 92nina · 11 replies
    Cost of Government Center ^ | 2012-09-14 | [Staff]
    New York City has sealed the deal: The New York City Board of Health voted to approve Mayor Bloomberg’s ban on large-size sodas. Starting March 12th, 2013, New Yorkers will have to look outside the Big Apple of get many soft drinks that are larger than 16 ounces. This ban is the first of its kind in the country and is another wrong-headed crusade in the war against obesity. A Cry for Freedom by Houston Food Trucks: An owner of a Houston Food truck has petitioned the city council to be able to park his food truck downtown after learning...
  • Tax Compliance for Obamacare Amounts to 80 Million Hours

    09/18/2012 7:23:41 AM PDT · by 92nina · 3 replies
    ATR ^ | 2012-09-18 | Rhett Brooks
    The House Committee on Ways and Means has compiled an estimate of the total amount of hours it will take to comply with the taxes contained in Obamacare. Based on IRS estimates, it will take nearly 80 million hours for families and businesses to comply with Obamacare taxes. To put this in perspective, according to Ways and Means, it is the equivalent of the Empire State Building being constructed 11 times, a building which took 7 million man-hours to build. To make matters worse, Ways and Means has concluded that over half of the burden of tax compliance for Obamacare...
  • Sherrod Brown's Job-Killing Energy Policies: Bad for Ohio, Bad for America

    09/17/2012 1:13:05 PM PDT · by 92nina · 1 replies
    ATR ^ | 2012-09-12 | Joshua Culling
    Gas prices are on the rise again in Ohio, squeezing family budgets even tighter as the economy fights headwinds from D.C. in its attempt to recover. It’s time to take a hard look at Sen. Sherrod Brown’s long record of opposing energy policies that promote job creation and affordable energy across the country. Here’s a breakdown of Sherrod Brown’s votes for the radical environmental lobby, and against American families and job creators: Keystone Pipeline: Not only did Brown vote against approval of the Keystone XL pipeline; he voted for an amendment that would have prohibited the export of crude oil...
  • No Lesson Plans For Chicago Students This Week

    09/17/2012 8:53:39 AM PDT · by 92nina · 17 replies
    Alliance for Worker Freedom ^ | 2012-09-13 | Tom Fletcher
    As the Chicago Teacher’s strike enters its fourth day, those on the picket line are insisting that they would rather be back in the classroom, and only want a “fair” deal. Chicago teachers are already well compensated, to the tune of $71,000 a year, and were offered a 16% salary raise before they initiated the strike on Monday morning. Teacher’s balked at this counter proposal and proclaimed, “[w]e’re not going back to work unless we have a fair contract.” That’s quite a statement when, according to the Illinois Policy Institute, the average starting pension for Chicago teachers is $77,496. Chicago...
  • Obamacare Will Lead to IRS Tax Liens

    09/17/2012 8:20:55 AM PDT · by 92nina · 7 replies
    ATR ^ | 2012-09-14 | Ryan Ellis
    On September 11, 2012 IRS Deputy Commissioner for Services and Enforcement Steven Miller testified before the House Ways and Means Committee. He was there to talk about the IRS' implementation efforts for Obamacare. One of the topics he discussed was the "protection" people have if they choose not to comply with Obamacare's individual mandate to purchase "qualifying" health insurance: "The law clearly specifies that the IRS will not use levies or file notices of federal tax lien if taxpayers have unpaid amounts related to the individual coverage provision. Moreover, taxpayers will not be criminally prosecuted for non-payment of this amount."...
  • IRS Says "Don't Blame Us" When the Obamacare Small Employer Credit Flops

    09/14/2012 10:39:04 AM PDT · by 92nina · 2 replies
    ATR ^ | 2012-09-13 | Ryan Ellis
    On September 11, 2012, IRS Deputy Commissioner for Services and Enforcement Steven Miller testified before the House Ways and Means Committee about the IRS' implementation of Obamacare. One part of his testimony was actually fairly amusing: The IRS conducted an extensive outreach and implementation program for the Small Business Health Care Tax Credit. Shortly after the ACA [Affordable Care Act, aka Obamacare] was passed, the IRS determined the necessary steps to both implement the credit and track these efforts. The IRS conducted significant outreach, communication, and educational activities to inform small businesses and tax professionals about the credit. We created...
  • O'Malley and Hollande: Trans-Atlantic Tax Hikers

    09/13/2012 10:05:24 AM PDT · by 92nina · 2 replies
    ATR ^ | 2012-09-11 | Chris Buki
    Maryland Gov. Martin O’Malley and French President Francois Hollande are trans-Atlantic kindred spirits when it comes to fiscal policy. Unfortunately for French government coffers, Hollande is making the same mistake in Paris as O’Malley did in Annapolis three years ago. Hollande made raising taxes on upper income households a central component of his platform, and Hollande is now moving forward on his campaign promise to raise tax rates on those who earn over $1.2 million a year, taking the rate from 46.8% to a whopping 75%. Not surprisingly, it looks like we are starting to see results in France that...
  • Bernanke Echoes CBO's Report of "Massive Fiscal Cliff"

    09/12/2012 11:54:37 AM PDT · by 92nina · 4 replies
    ATR ^ | 2012-09-10 | Rhett Brooks
    At the Federal Reserve’s last conference meeting in Jackson Hole, Wyoming, Federal Reserve Chairman Ben Bernanke gave the Fed’s outlook for the U.S. economy. Taxmageddon was one of Bernanke’s biggest concerns, as he warned of a “massive fiscal cliff.” Bernanke suggested that Congress “figure out ways to achieve the same long-run fiscal improvement without having it all happen at one date.” Bernanke’s statements echoed the CBO’s latest report on the economy that also warned of a “massive fiscal cliff”, one that would undoubtedly lead to a recession in 2013. Bernanke has made it clear in his past warnings to Congress...
  • Reagan vs. Obama – August Jobs Report Leaves Americans Still Waiting on Recovery

    09/11/2012 11:33:10 AM PDT · by 92nina · 3 replies
    ATR ^ | 2012-09-10 | Kyle Pomerleau
    It was only fitting that the jobs report was released the day after the president took the stage at the DNC convention. With no hesitation, he proclaimed that only he could produce a plan that “will lead to new jobs, more opportunity, and rebuild this economy on a stronger foundation.” But the next morning we were reminded, once again, what a failure his policies have been. Today, the Bureau of Labor Statistics released the monthly job report that stated America had only created an additional 96,000 jobs in the month of August. Even with these less-than-stellar numbers, the unemployment rate...
  • Ed Rendell Not the Best Surrogate for Obama [Or Is He?]

    09/10/2012 1:02:41 PM PDT · by 92nina · 4 replies
    ATR ^ | 2012-09-07 | Patrick Gleason
    Former Pennsylvania governor and current MSNBC contributor Ed Rendell was down at the DNC in Charlotte this week. As usual, Rendell used his time in front of the cameras to attack Mitt Romney and Paul Ryan. Yet Ed Rendell should shy away from discussing economic and budgetary issues, because when it comes to such matters, it’s clear from Rendell’s record as governor that he is throwing stones from a glass house. Rendell and company blame Obama’s horrible economic record on the fact that he was “left with a mess.” As it would happen, Ed Rendell left his state in a...
  • Illinois vs. Wisconsin: Two Distinct Approaches to Governance

    09/10/2012 12:12:37 PM PDT · by 92nina · 1 replies
    ATR ^ | 2012-09-04 | Joshua Culling
    [Last week] in the 7:00 hour Illinois Gov. Pat Quinn will address the Democratic National Convention. Why he was chosen to speak I have no idea; he is probably the worst governor in America. Illinois' budget is an absolute mess, even after Quinn's $7 billion tax income tax hike. He has shown no appetite for difficult political decisions and has ceded much of his governing authority to the unions who financed his election. But his speech is useful in that it will tie Gov. Quinn to another prominent Illinois Democrat - President Barack Obama. And it will contrast their strikingly...
  • CBO Report Confirms Taxmageddon Equals Recession for 2013

    09/06/2012 2:21:25 PM PDT · by 92nina · 6 replies
    ATR ^ | 2012-09-05 | Rhett Brooks
    The Congressional Budget Office released a report that gave a grim outlook for the U.S. economy. The CBO predicts a 0.5% decline in real GDP between the fourth quarter of 2012 and 2013 if the Bush Tax Cuts are allowed to expire and scheduled spending cuts are made. The CBO also predicts unemployment to rise to 9% for the second half of 2013 under the same scenario. Although these circumstances could prove hazardous for the U.S. economy in 2013, the outlook for the deficit, according to the CBO, would improve significantly. If tax increases are made, the deficit would be...
  • Democrat National Convention to Showcase Tax Hiking Governors

    09/06/2012 1:54:24 PM PDT · by 92nina · 1 replies
    ATR ^ | 2012-09-04 | Will Upton
    On the opening day of their national convention, Democrats have chosen to showcase three governors who have a long history of pushing job-killing tax hikes on their respective states: Illinois Governor Pat Quinn, former Virginia Governor Tim Kaine, and Maryland Governor Martin O’Malley. Illinois Governor Pat Quinn, who kicks off the evening of tax hikers, has had a long love affair with tax increases. In May of 2009, Gov. Quinn proposed a 50-percent income tax hike, increasing the income tax rate from 3-percent to 4.5-percent. The proposed tax hike would have taken about $4 billion from Illinois’s private economy near...