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Bill Clinton Breaks With Obama, Says No To New Tax Hikes Zeke Miller Sep. 21, 2011, 10:19 AM Former President Bill Clinton, who on Sunday was one of the strongest supporters of President Barack Obama's jobs bill, said his tax plan "is a little confusing." In an interview with the conservative website Newsmax, said raising revenues in this economy would be counter-productive. “I personally don’t believe we ought to be raising taxes or cutting spending until we get this economy off the ground," he said. If we cut government spending, which I normally would be very inclined to do when...

With billionaire Warren Buffet at this side – or in his pocket – Barack Obama is telling every microphone and television camera he can find that there is something very wrong when wealthy people pay less in taxes than the people who work for them.   But, do they? Buffet's claim that the tax code allows him to get away with paying "a lower percentage (of his total income) than was paid by any of the other 20 people in our office" is worthy of some analysis, for sure.  The vast majority of Buffet's income apparently comes from capital gains and...

RUSH: I no longer feel alone! For 20, 21 years I was it. We would get a speech by a Democrat like we got from Obama yesterday, I'd be the only guy refuting it. But now everybody's up to speed. Even the Associated Press is fact-checking Obama and finding that he's dead wrong about all of his assertions yesterday about taxes and who pays them. Greetings, by the way, great to have you, 800-282-2882 is the number if you want to be on the program. I did something last night that I seldom do anymore. I watched cable news. I...

WASHINGTON (AP) -- It's not just millionaires who'd pay more under President Barack Obama's latest plan to combat the deficit. Air travelers, federal workers, military retirees, wealthier Medicare beneficiaries and people taking out new mortgages are among those who would pay more than $130 billion in government revenues raised through new or increased fees. Airline passengers would see their federal security fees double from $5 to $10 for a nonstop round-trip flight and triple to $15 by 2017, raising $25 billion over the coming decade. Federal workers would face an additional 1.2 percentage point deduction from their paychecks to contribute...

Low-income workers stand to lose the most if lawmakers fail to reach a consensus on the Bush-era tax cuts, according to a new report from the Tax Foundation. The report states that on Jan. 1 the doubling of the child tax credit, increased standard deductions and income credits and the creation of the 10 percent tax bracket — all of which primarily aimed at non-wealthy taxpayers — will vanish if gridlock persists in Washington. While wealthier taxpayers pay more in taxes and stand to lose more money if the tax cuts expire, the impact on low-income taxpayers will be far...

Democratic Sen. Christopher Dodd is heaping praise on President Obama's proposed $3.55 trillion budget with its built-in (lowball) $1.75 trillion deficit — the entire federal budget 10 years ago was $1.6 trillion — and record $1 trillion in new soak-the-rich taxes over 10 years to fund the next step toward health-care rationing and other socialism. The budget "makes critical investments in our economic future," said Sen. Dodd, whose years of deal-cutting with financiers left the U.S. economy in tatters, cost millions of Americans their jobs, and led to trillions in new government borrowing, hundreds of billions in bailouts for irresponsible...

1. District of Columbia % of Households Earning $200K+: 8.4% Total Households: 251,039 Median Income: $50,318 Households Earning $200K+: 21,194 Election Results: Obama: 93% McCain: 7% 2. Connecticut % of Households Earning $200K+: 8.0% Total Households: 1,320,714 Median Income: $64,158 Households Earning $200K+: 105,433 Election Results: Obama: 61% McCain: 38% 3. New Jersey % of Households Earning $200K+: 7.5% Total Households: 3,149,910 Median Income: $65,249 Households Earning $200K+: 235,278 Election Results: Obama: 57% McCain: 42% 4. Maryland % of Households Earning $200K+: 6.9% Total Households: 2,082,458 Median Income: $65,552 Households Earning $200K+: 142,694 Election Results: Obama: 62% McCain: 37% 5....

Barack Obama's Expensive Domestic Agenda Will Cost America's Middle Class - WSJ.comThe 2% Illusionhttp://online.wsj.com/article/SB123561551065378405.html?mod=djemEditorialPage"Obama has laid out the most ambitious and expensive domestic agenda since LBJ, and now all he has to do is figure out how to pay for it. On Tuesday, he left the impression that we need merely end "tax breaks for the wealthiest 2% of Americans," and he promised that households earning less than $250,000 won't see their taxes increased by "one single dime. This is going to be some trick. Even the most basic inspection of the IRS income tax statistics shows that raising taxes...

Shazam! Mayor Bloomberg Finally Understands Who Pays NYC TaxesFebruary 19, 2009 BEGIN TRANSCRIPT RUSH: Mayor Bloomberg, state and city revenues in New York are falling because of the Wall Street collapse. State lawmakers are considering income tax increases for households earning between $250,000 and $1 million. They already pay a 6.85% income tax rate. Mayor Bloomberg, who as recently as six months ago would have supported this, had something different to say about it recently on the radio. It's sound bite number 11. BLOOMBERG: One percent of the people that live in the city, the households that file in the...

Just a few hours after Barack Obama finished his inaugural address and as he was making his triumphant entry to the Oval Office of the White House, the Dow Jones Industrial Average had taken a predictable dive — by 332.13 points to be exact. Next day, the yo-yo went back up, but we're a long way from recovery. Those of you with 401-Ks and retirement portfolios, beware. This is going to be a bumpy ride, and it won't be pretty. Ersatz math Now, let's see if I have this right: President Obama says he will cut taxes for 95% of...

Once you get past the soaring oratory, to experience a speech by Sen. Barack Obama, D-Ill., is to be hit with an astoundingly lengthy list of promises. "I don't know how any reasonable person" could think he'd really be able to accomplish everything he's pledging to do, said the mother-in-law of a colleague, a Missouri woman who intends to vote for Obama. Just today in Sarasota, Fla., the Democratic presidential nominee said that he'd: "give a tax break to 95 percent of Americans who work every day and get taxes taken out of their paycheck every week"; "eliminate income taxes...

For the second time in a week, a prominent Democrat has downgraded Barack Obama's definition of the middle class -- leading Republicans to question whether he'll stick to his promise not to raise taxes on anyone making under $250,000. The latest hiccup in the campaign message apparently came Friday morning on KOA-AM, when New Mexico Gov. Bill Richardson pegged the middle class as those making $120,000 and under. "What Obama wants to do is he is basically looking at $120,000 and under among those that are in the middle class, and there is a tax cut for those," Richardson said...

Obama spewed more communist cant about taxing the country back to prosperity, taking your money and giving it to someone he thinks is more deserving, punishing business for making a profit, etc. The market knows what he'll do to the economy.

I wondered about Obama's plan to confiscate wealth from "just" those making over $250k a year. I believe this involved requiring those taxpayers to contribute to FICA. If that happens would the social security administration insure that income and calculate benefits on that high income? If so that would explode social security.

Each year since 2005, the US government has levied taxes and then transferred over a trillion dollars per year in social welfare spending. Since 1965, the year the War on Poverty began, the US government has shared tens of trillions of dollars in wealth to fight a poverty rate that remains unchanged, at 14%, from 1964 to today. In this election, Obama promises to “share the wealth.” Barney Frank asserts that there are plenty of “rich people we can tax to recover this money” the Democrats plan to spend – as if you absconded with the funds. Hillary famously said...

Obama claims that his plan would only hurt 3% of small businesses. But this is highly deceptive. He isn’t lying, but the reports that he cites mean something very specific. They do not mean that 97% of small businesses won’t see higher taxes under Obama’s plan than they see today. Nor do they mean that these businesses would not see higher taxes under Obama’s plan than under McCain’s plan. All the statistic means when is that most businesses would not see higher taxes under Obama’s plan than they would see if the Bush Tax Cuts expire as they are scheduled...

• We believe that Barack Obama is a brilliant orator and a man possessed of more charisma than any politician since JFK. • But we also believe that his philosophy of "spreading the wealth around" is an ill-disguised form of socialism that undermines everything America holds dear. • We believe that a "tax cut on 95% of working Americans" when only 63% of Americans pay taxes is nonsensical. • We believe that the Obama campaign's obfuscated funding for ACORN (originally described as "event planning") undermines the integrity of our elections and calls into question the legality of his tactics. •...

..."First and foremost they raised people's taxes - they cared more about the state budget than about people's family budgets." McCotter says. "When you suck the life blood of people's hard-earned savings, you tend to drive the economy down further than it already was." McCotter's concern is that Michigan's plight could be a harbinger for the nation if Barack Obama is elected president and raises taxes on those making over $250,000, as planned. "We've seen in Michigan -- you start off taxing people who are disliked, that has a negative affect on the economy and then you come back and...

Article and slide show of Sarah Palin's visit to Grand Junction, CO yesterday. The paper estimates 10,000 attended, but other sources say up to 22,000.

Senator Obama's tax plans are nearly identical to those of the 1932 Revenue Act, whereas Estate Taxes would jump exponentially, the second highest corporate tax rate in the world would become the highest and personal income taxes would jump substantially for millions of small business owners and workers across the nation. Obama's tax proposals would represent the largest revenue based tax increase in US history and act in direct contradiction to the tax policies of both Reagan and Kennedy. So how successful was President Hoover's tax increase? In the second half of 1932 the economy completely collapsed in the United...