Keyword: itsnotyourmoney

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  • Biden: Tea partiers like 'terrorists'

    08/01/2011 1:45:51 PM PDT · by Nachum · 211 replies
    Politica ^ | 8/1/11 | JONATHAN ALLEN & JOHN BRESNAHAN
    Vice President Joe Biden joined House Democrats in lashing tea party Republicans Monday, accusing them of having “acted like terrorists” in the fight over raising the nation’s debt limit. Biden was agreeing with a line of argument made by Rep. Mike Doyle (D-Pa.) at a two-hour, closed-door Democratic Caucus meeting. “We have negotiated with terrorists,” an angry Doyle said, according to sources in the room. “This small group of terrorists have made it impossible to spend any money.” Biden, driven by his Democratic allies’ misgivings about the debt-limit deal, responded: “They have acted like terrorists,” according to several sources in...
  • ZOT! The 400 Richest Americans Pay An 18% Tax Rate

    07/26/2011 11:01:49 AM PDT · by moshiach · 141 replies
    The 400 richest Americans used to pay 30% of their income on the average to Uncle Sam. Today, they pay 18% on the average. The main reason for the drop in their tax rate of some 40% is the tax cuts by George Bush in 2003, taking the rate paid on dividends and capital gains down to 15%.
  • Obama' Stimulus (Phyllis Schlafly nails it!)

    03/01/2009 5:54:20 PM PST · by smoothsailing · 45 replies · 2,772+ views
    Eagle Forum ^ | 2-27-09 | Phyllis Schlafly
    Obama's Stimulus by Phyllis Schlafly, February 27, 2009 Under the subterfuge of helping the economy, Barack Obama's stimulus plan legislates vast new spending programs to finance liberal policy goals that are unnecessary and undesirable. The flow of taxpayers' money will be so gargantuan as to make Lyndon B. Johnson's Great Society expansion of the welfare state look puny. Barack Obama revealed his long-term goals in a radio interview on Chicago's WBEZ-FM in 2001. Asked about the Earl Warren court decisions that started long lines of activist decisions in many areas, Obama argued that the Warren court didn't go far enough:...
  • Free Money is NOT Free

    02/23/2009 5:25:48 AM PST · by Shellybenoit · 8 replies · 414+ views
    WSJ/Human Events/Yidwithlid ^ | 2/23/09 | Yidwithlid
    As the saying goes, "There is no free lunch." Such is the case with the massive stimulus bill signed into law by President Obama last week. Because while the bill gives states some short term money, it commits them to long term payments that may bankrupt the state governments in the long term. Here is an example of the entitlements that will now be burdening state treasuries: Consider South Carolina. Its annual budget is roughly $7 billion and the stimulus will send about $2.8 billion to the state over two years. But to spend the hundreds of millions of dollars...
  • DCCC Targets 12 Republicans on Stimulus

    02/23/2009 3:44:30 AM PST · by LifeComesFirst · 25 replies · 1,120+ views
    CNN ^ | 02/23/09 | Mark Preston
    WASHINGTON (CNN) – A dozen House Republicans are targeted in a new House Democratic political campaign that criticizes the GOP lawmakers for opposing the $787 billion stimulus package. The Democratic Congressional Campaign Committee will contact voters this week by telephone with a recorded message saying that their Republican congressman voted “against the largest tax cut in history,” and against a stimulus bill that the business friendly U.S. Chamber of Commerce supported.
  • California GOP reprimands 6 lawmakers on taxes

    02/22/2009 10:58:01 PM PST · by South40 · 11 replies · 685+ views
    San iego Union-Tribune ^ | 2/22/2009 | JUDY LIN
    SACRAMENTO — In keeping with the California Republican Party's theme of railing against taxes and those who support them, convention delegates on Sunday approved a symbolic measure reprimanding six GOP lawmakers who voted for the largest tax increase in state history. The measure, which denies the six party funding for the 2010 election, was approved swiftly and without debate Sunday as the party's twice-annual convention wrapped up in Sacramento. An earlier version of the measure contained stronger language, calling for a censure. Three lawmakers each from the Senate and Assembly broke ranks last week to give Democrats and Gov. Arnold...
  • Smokers may get burned in cigarette-tax collection

    07/19/2006 10:34:18 AM PDT · by SmithL · 54 replies · 1,153+ views
    Sacramento Bee ^ | 7/19/6 | Andrew McIntosh
    Records from online vendors will help the state target buyers who didn't pay levy. California consumers and retailers who thought they had dodged sales and excise taxes when they bought cigarettes from out-of-state Internet and mail-order vendors are about to get smoked out. As part of a sweeping effort to crack down on such purchases, the state Board of Equalization has obtained 450,000 invoices from out-of-state Internet tobacco sellers showing untaxed sales to California residents over the past three years. It also has secured another 65,000 shipping records showing deliveries of 250,000 packages of untaxed cigarettes to Golden State residents...
  • Allies split over home-sales tax plan [WA]

    11/28/2005 9:54:29 AM PST · by sionnsar · 26 replies · 508+ views
    The Seattle Times ^ | 11/28/2005 | Ralph Thomas
    OLYMPIA — The Washington Association of Realtors has launched a $1 million campaign aimed at squashing a proposed tax increase on real-estate sales. "We are committed to doing whatever it takes to prevent any increase," said Steve Francks, the association's executive vice president. "I've never seen our members this mobilized." The group has started running TV, radio and newspaper ads warning that the tax increase would cost homeowners thousands of dollars in "hard-earned equity" when they go to sell. But in their fight, the Realtors face an unlikely foe: the typically anti-tax Building Industry Association of Washington (BIAW). The homebuilders...
  • Some Hard, Harsh Truths About the Cult of Reaganomics ("It's the GOV's Money; Not YOURS!")

    06/10/2004 10:01:06 AM PDT · by KentTrappedInLiberalSeattle · 40 replies · 297+ views
    The Seattle Times ^ | 6/10/04 | Froma Harrop
    Ronald Reagan did some fine things, but the economic theory that bears his name was not one of them. Reaganomics made the world safe for today's reckless tax-cutting. And the public hardly understands the social upheaval these policies will soon unleash. Reaganomics held that cutting taxes and reducing the size of government would let loose the nation's entrepreneurial juices and lead to economic growth. Note that the theory comes in two parts. The fun part is cutting taxes. The not-so-fun part is reducing government. Do the first part without the second, and you end up with budget deficits and an...