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Reference (Bloggers & Personal)

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  • 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...
  • 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...
  • 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...
  • Sarah Palin: We remember eleven years ago today.

    09/11/2012 11:32:12 AM PDT · by KC_Lion · 26 replies
    Sarah Palin ^ | 09-11-2012 | Sarah Palin
    We remember that eleven years ago today nearly three thousand of our fellow Americans were killed by evil men. Every year on the anniversary of 9-11, we read out the names of those who died and comfort their families, and at military recruiting centers throughout the country, young men and women choose this day to enlist to serve their fellow Americans and ensure that something like this never hap pens again. While some try to move on with their lives and let the tragedy of that day recede in their memories, our men and women in uniform remain ever vigilant...
  • Meanwhile, Love the Sojourner How Phoenix Christians are helping illegal immigrants

    09/11/2012 8:09:39 AM PDT · by moonshinner_09 · 23 replies
    Christianity Today ^ | 9/6/2012 | Katelyn Beaty and Skye Jethani
    lfonso Vazquez barely remembers life in Guanajuato, his childhood home north of Mexico City. Some snippets remain: His mother crying a lot, days when a plate of tortillas fed him and his five siblings, other days when the plate was empty. His mom made weekly phone calls to his father, who sent money every week to their village from wherever he was. But there's a memory that's proved "one of the hardest things to forget to this day," says Vazquez. At age 4, Vazquez was carried by his mother through the Sonoran Desert, a 120,000-square-mile stretch of sweltering land that...
  • 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...

    09/09/2012 11:57:04 PM PDT · by Jet Jaguar · 25 replies
    Anti-Mullah ^ | SEPTEMBER 09, 2012 | Alan Peters
    The Mess and How Obama Inherited It...... This tells the whole story, why Bush was so bad at the end of his term. Don't just skim over this, it's not long, but read it slowly and let it sink in. If in doubt, check it out! The day the democrats took over was NOT January 22nd 2009, it was actually January 3rd 2007, the day democrats took over the House of Representatives and the Senate, at the very start of the 110th Congress. The Democrat Party controlled a majority in both chambers for the first time since the end of...
  • Dinesh D'Souza: ON NOW CSPAN2 BOOKTV- his book and new movie: 2016: Obama's America

    09/08/2012 5:59:57 PM PDT · by STARWISE · 41 replies
    CSPAN2 ^ | 9-8-12
    Program just started 5 mins. ago Dinesh D'Souza - Obama's America - Unmasking the American Dream
  • 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...
  • Where Are the Jobs?

    09/04/2012 10:58:02 AM PDT · by 92nina · 2 replies
    Alliance for Worker Freedom ^ | 2012-09-04 | Tom Fletcher
    When President Obama addresses the Democratic National Convention later this week, one thing he is surely to tout is the stimulus he passed in the first year of his presidency. In September of 2009 the President said of the American Reinvestment Act, “it’s about creating jobs that will make a lasting difference in our future.” Nearly 3 years after spending over $800 billion dollars, growth is still anemic, unemployment remains above 8 percent, and the American Public is growing restless. One of the fatal flaws of the stimulus, besides its gross overstep in government expenditure, was that it went to...
  • Ten of Barack Obama’s worst lies

    09/04/2012 7:58:15 AM PDT · by jmaroneps37 · 11 replies ^ | Sept. 4, 2012 | Derrick Hollenbeck, staff writer
    Attempting to select THE ten worst lies told by a pathological liar like Barack Obama is a difficult task. There are so many lies that it is hard to know where to start – a good case can be made for so many of his lies as top ten material. For this reason there is no claim here to a TOP ten of his lies, ten of his most egregious ones. During his last State of the Union speech Barack Obama claimed “American oil production is the highest that it’s been in eight years.” In fact the Congressional Research Service...
  • September 2001 - September 2012

    09/01/2012 1:56:13 AM PDT · by Cindy · 46 replies ^ | September 1, 2012 | n/a
    Brief thoughts/quotes from the last 11 years. "Looking away, not caring, or hoping for the best are not viable options in fighting terrorism (in general) and the global jihad (specifically). Terrorism must be fought head on 24/7 and preventing terrorism is far better than just reacting to one terror-related event after another." -Cindy (July 1, 2011) ~ "WHAT DID I LEARN from the terrorist attack on September 11, 2001? OPINION: I have learned that more Americans love America than the lame-stream media will ever let on. I have learned that America's military is the finest in the world. I have...
  • Immigration Officials Advise Educators on Deferred Action

    08/30/2012 10:00:46 AM PDT · by moonshinner_09 · 5 replies
    Education Week's blogs ^ | August 29, 2012 | Lesli A. Maxwell
    School records will be among the key documents that young undocumented immigrants must submit in their requests for deferred action, the new immigration policy that allows individuals who arrived in the United States as children to seek relief from deportation and gain work permits. Applicants have to demonstrate, among other criteria, that they are currently enrolled in school, have graduated from high school, or have obtained a GED. But school records will also help many potential beneficiaries prove another key qualification: continuous presence in the U.S. for the last five years. A high school transcript documenting four years of schooling...
  • Readers Digest Version of "The Road To Serfdom" byFriedrich A. Hayek April 1945

    "No doubt about it, Hayek's The Road to Serfdom was explosively controversial from the beginning, especially his case that all forms of collectivism lead to tyranny. The book was first published on March 10, 1944 by Routledge in Britain, before the ending May 8, 1945 of the Nazi 3rd Reich in Germany and the surrender in World War II."
  • Gov. Nikki Haley's Critics Have a History of Sticking it to SC Taxpayers

    08/28/2012 11:48:21 AM PDT · by 92nina · 6 replies
    ATR ^ | 2012-08-23 | Patrick Gleason
    As ATR noted last week, South Carolina Gov. Nikki Haley has come under fire for simply asking state government employees to contribute a modest amount to help the state cover the rising cost of their health insurance. Listening to the heat that Gov. Haley is taking for this fiscally prudent decision, one would be surprised to find out that Haley’s action will result in government workers paying just a paltry $8 per month extra. Her critics in the legislature and in government employee unions would rather South Carolina taxpayers foot the entire bill. Given the record of some of her...
  • Obama's Altered Tax Pledge

    08/23/2012 11:07:20 AM PDT · by 92nina · 6 replies
    ATR ^ | 2012-08-22 | John Kartch
    2008: “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 your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.” --Candidate Barack Obama, Sept. 12, 2008 “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.” --Joe Biden, Vice-Presidential debate in St. Louis, Oct. 3, 2008 2012: “So if your family makes under $250,000 --...
  • Why is the FCC Looking Backwards on Broadband?

    08/22/2012 10:44:35 AM PDT · by 92nina · 9 replies
    Digital Liberty ^ | 2012-08-21 | Kelly William Cobb
    The tech sector is one of the most forward looking, fastest growing, and innovative industries. It represents one-sixth of our economy and investment is going nowhere but up. But today’s Federal Commissions Commission (FCC) report on the progress of broadband adoption makes one wonder how the industry flourishes despite being regulated by one of the most mind-bogglingly backward looking and pro-regulatory agencies in government. The FCC has determined – for the third year in a row – that broadband “is not yet being deployed ‘to all Americans’ in a reasonable and timely fashion.” The Commission’s Eighth Broadband Progress Report (known...
  • Bloomberg News Writer Blames Paul Ryan for Failure of 2010 Simpson-Bowles Deficit Reduction Plan

    08/21/2012 11:32:45 AM PDT · by 92nina · 10 replies
    ATR ^ | 2012-08-20 | Tom Blumer
    If we're to believe a report by Heidi Przybyla at Bloomberg News on August 13, the country might be operating under bipartisan deficit-reduction framework instead of being without a budget for over three years if it weren't for Wisconsin Congressman and GOP vice-presidential nominee Paul Ryan. Her lead: "Representative Paul Ryan was a pivotal figure in killing the 2010 Bowles-Simpson agreement, which Republican presidential candidate Mitt Romney now holds out as a model for putting America’s fiscal house in order." There are many deceptions and unsupported assertions in Przybyla's report, but before getting to some of the others, many of...
  • Governor Romney’s Tax Plan: Reducing the Tax Burden on Savings and Investment

    08/20/2012 8:34:49 AM PDT · by 92nina · 1 replies
    ATRF ^ | 2012-08-17 | Jeremy Sawyer
    Capital income is important to the health of the American economy. Many experts recognize that lawmakers should do everything in their power to encourage entrepreneurs to take risks by allowing them to keep more of their money when those risks pay off in the form of capital gains. Harvard economist Jeffrey Miron notes that taxing capital income “punishes labor effort and savings…savings finances capital formation and research and development, which are crucial for economic growth.” Predictably, President Obama and Congressional Democrats are plotting a massive tax hike on capital income in 2013. Under the current law being defended by Democrats,...
  • 5 Important Numbers on Obama

    08/16/2012 7:43:46 AM PDT · by 92nina · 2 replies
    ATR ^ | 2012-08-13 | Justin Sykes
    Following Governor Romney's announcement that Rep. Paul Ryan would be his running mate, President Obama has been on the offensive, attacking Gov. Romney and Rep. Ryan on healthcare. The Obama White House has gone so far as to outline 5 Important Numbers on Health Reform on its website. The 5 numbers referenced by President Obama are misleading and ignore the 5 numbers which truly characterize the Obama Administration: $500 Billion in Tax Increases The impending tax hikes in December are a $500 billion tax hike in 2013 alone. $62 Billion in New Regulations $46 Billion in new regulations since President...
  • Obamacare Doubles Premiums for Many Americans

    08/15/2012 12:12:26 PM PDT · by 92nina · 15 replies
    ATR ^ | 2012-08-10 | Justin Sykes
    In a recent campaign speech in Cincinnati Ohio President Obama claimed "premiums will go down." However, studies on the effects of Obamacare evidence premiums will not go down but will increase for "a material portion of the population." Specifically the young and healthy will be burdened by exponential increases in their premiums as a result of Obamacare. An article published by the Washington Post today compiled numerous studies from around the country, all of which indicated that Obamacare will lead to sharp premium increases for young and healthy Americans. President Obama's campaign promise that "premiums will go down" finds no...
  • Politics and the Internet Timeline (FR mentioned)

    08/15/2012 8:56:26 AM PDT · by BuckeyeTexan · 39 replies ^ | May 2012 | multiple
    Technology is changing politics, government and civic life. This timeline shows the accelerating pace of change in the United States, in the international arena, and online. Here are the seminal moments, inventions, and first uses that mark the early emergence and then growing importance of the Internet and connection technologies on the political arena. To view it in it's original setting, go here. This timeline is meant to be a living document. We intend to keep updating it as events unfold. If you would like to suggest an important development that we may have missed, or make a correction to...
  • You Call This a Recovery?

    08/14/2012 2:53:00 PM PDT · by 92nina · 3 replies
    Alliance for Worker Freedom ^ | 2012-08-09 | Tom Fletcher
    The latest jobs report only serves as confirmation that the economy is in a stall, and that President Obama’s approach to revitalizing the economy has proven to be consistently wrong. The latest job numbers provided no comfort to the administration as the unemployment rate remains above eight percent, and jobs continue to be added at a paltry rate. The White House reaction to the report was predictable and overused; “it is important not to read too much into any one monthly report.” Unemployment has only remained above eight percent since October 2008, but how significant could these reports be? Not...
  • President Obama Alters Middle Class Tax Promise

    08/13/2012 8:02:47 AM PDT · by 92nina · 8 replies
    ATR ^ | 2012-08-10 | John Kartch
    President Barack Obama has altered his 2008 “firm pledge” that no family making less than $250,000 per year would see “any form of tax increase.” Obama has now limited the pledge to merely “income taxes” – and only for “next year.” On Sept. 12, 2008, speaking in Dover, New Hampshire, candidate 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 your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.” But this Wednesday, August 8,...
  • Tim Kaine Suffers Amnesia on Failed Tax Hike Attempts

    08/10/2012 10:52:51 AM PDT · by 92nina · 3 replies
    ATR ^ | 2012-08-10 | Paul Blair
    Yesterday, Democrat Tim Kaine asked his Republican opponent to join him in taking a “balanced” approach to avoiding the looming sequestration cuts. Unfortunately Tim Kaine seems to suffer amnesia on his attempt to implement the same kind of “balanced” approach while he served as Virginia’s Governor. Such an approach included billions of dollars in new and higher taxes. Kaine called on George Allen to “set aside his Pledge,” and work for a “responsible path forward.” Translated, what Tim Kaine means is that he’s asking Allen to break his written commitment to Virginia taxpayers and join with him in an approach...
  • Crist and Nelson: Two Tax Hiking Peas in a Pod

    08/09/2012 8:24:46 AM PDT · by 92nina · 4 replies
    ATR ^ | 2012-08-03 | Paul Blair
    Former Governor Charlie Crist has formally announced his support for Democrat Senator Bill Nelson. For Florida voters who were tricked into supporting the so-called “Republican” Governor who promised not to raise taxes and then did just that, this should come as no surprise. When Crist ran for Governor, he signed the Taxpayer Protection Pledge to Florida voters, promising to oppose any and all efforts to raise taxes. When he was confronted with the need to make a decision on tax hikes and spending cuts, however, Governor Crist broke his promise to Florida taxpayers and signed a budget that included $2.2...
  • Foxes Guard Hen House With New W-2 Reporting Requirement

    08/08/2012 1:03:10 PM PDT · by 92nina · 7 replies
    ATRF ^ | 2012-08-03 | Blake Seitz
    Tax Provision The 2010 health care bill includes a requirement that employers report on each of their employees’ Form W-2s the cost of health insurance they sponsor on behalf of that employee. This requirement was made optional for tax year 2011 (when it officially went into effect), and will be optional for small businesses (those with fewer than 250 W-2s) in tax year 2012. ATRF Analysis The IRS has waived the W-2 reporting requirement for tax years 2011 and 2012 because of confusion surrounding the provision. This is understandable, because employers usually use Form W-2 to report salary and wage...
  • RAISE Act Seeks to End Union Stranglehold on Wages

    08/07/2012 10:30:39 AM PDT · by 92nina · 2 replies
    Alliance for Worker Freedom ^ | 2012-08-03 | Tom Fletcher
    After suffering embarrassing defeats in New Jersey and Wisconsin, organized labor seems destined for yet another setback. The RAISE Act, introduced by Senator Marco Rubio (R-FL), is legislation that seeks to eliminate union meddling when a business wants to increase their employees’ wages. Writing in the National Review, Rubio called the status quo “unfair to workers and out of touch with the modern workplace.” Enacting the RAISE ACT would pay immediate dividends for employees and businesses alike. A Heritage Foundation report found: “By offering workers the opportu¬nity to earn higher wages, the RAISE Act provides an incentive for increased productivity....
  • “Medicine Cabinet” Tax a Bitter Pill for Ordinary Americans

    08/06/2012 1:28:31 PM PDT · by 92nina · 9 replies
    ATRF ^ | 2012-08-03 | Blake Seitz
    Tax Provision Section 9003 of the Patient Protection and Affordable Care Act changed the definition of “medical expenses” for Health Savings Accounts (HSAs), Archer Medical Savings Accounts (MSAs), health flexible spending arrangements, and health reimbursement arrangements to match that of the medical expenses deduction. Under the new definition, holders of account-based health plans will not be able to use pre-tax dollars to purchase over the counter (OTC) medications, unless they bear a prescription from a doctor. They will pay out of pocket for these products, and will not be able to deduct them come tax time. This provision went into...
  • July Jobs Report: We Tried President Obama’s Plan And It Didn’t Work

    08/06/2012 12:33:13 PM PDT · by 92nina · 3 replies
    ATRF ^ | 2012-08-03 | Jeremy Sawyer
    Speaking about the economy recently on the campaign trail, President Obama stated, “We tried our plan and it worked.” Yet new data released this morning by the Bureau of Labor Statistics confirm that the president is living in an alternate reality if he truly believes that statement. The Reagan recovery began in November 1982 with the end of the early 1980s recession. Through the first 37 months of that recovery, 9.817 million nonfarm jobs were added to the American economy. That represented a solid 11.06 percent change in total nonfarm employment. Meanwhile, President Obama has overseen a far different recovery...

    07/31/2012 4:57:09 PM PDT · by SaveOurRepublicFromTyranny · 16 replies
    THE FREEDOM POST ^ | July 31, 2012
    Today, July 31, 2012, would have been the great free-market economist Milton Friedman's 100th birthday. Below, is a series of interviews Friedman had on the Phil Donahue Show in 1979. Friedman repeatedly, in his customary polite demeanor, makes Donahue look like the Socialist fool that he is. I do have to credit Donahue, however, for allowing Friedman on his program to obliterate him. He's a little more tolerant than today's lefties in media. Watching these videos provides more plain, unadulterated, common-sense economic wisdom than most American universities today would provide over a four-year degree. Happy 100th Milton Friedman!...
  • George Mason and our Aristocratic House of Representatives.

    07/31/2012 10:58:22 AM PDT · by Jacquerie · 10 replies
    On June 11th 1788 at the Virginia Ratifying Convention to the Constitution of the United States, Anti-Federalist George Mason remarked in reference to the House of Representatives, “They must form an aristocracy, and will not regard the interest of the people. Experience tells us that men pay most regard to those whose rank and situation are similar to their own.” Certainly he did not mean the British definition of aristocracy, of artificial distinctions, where men were granted special rights, duties and privileges along perhaps with land from a centuries long gone monarch. What did Mr. Mason refer to? In the...
  • How Many Jobs Will Taxmageddon Kill?

    07/31/2012 7:20:16 AM PDT · by 92nina · 2 replies
    ATR ^ | 2012-07-31 | Hugh Johnson, Jeremy Sawyer, Blake Seitz and Justin Sykes
    This week, the U.S. House will vote to prevent the most damaging aspects of Taxmageddon from taking effect on January 1, 2013. Below is a comprehensive resource list of all the economic studies showing how many jobs Taxmageddon will kill, and what Taxmageddon will do to damage economic growth: According to the Joint Committee on Taxation, President Obama’s income tax proposal would force 940,000 taxpayers with business income (that is, owners of small- and medium-sized businesses) to pay higher taxes at top marginal rates of 36% or 39.6%. CBO CBO Analysis: “Under those fiscal conditions, which will occur under current...
  • Increasing Taxes Hits Small Business Job Creators

    07/30/2012 1:12:00 PM PDT · by 92nina · 4 replies
    ATRF ^ | 2012-07-27 | Hugh Johnson
    Taxing small business to pay for more government is the policy equivalent of “you didn’t build that.” Increasing taxes on the top bracket—$200,000 single; $250,000 married—hits small businesses, sole proprietorships and family farms that file as individuals or “pass through entities.” In 2011, the nonpartisan Joint Committee on Taxation estimated that this plan hits 750,000 entities. A more recent update in their model concludes that, under this plan, 940,000 small businesses will pay higher taxes. The economy grew 2.0 and 1.5 percent in the last two quarters. Growth in real nonresidential fixed investment declined for the third straight quarter. RNRFI...
  • Nanny State Update: LED Light Bans and Jail Time for Collecting Rainwater

    07/30/2012 9:43:50 AM PDT · by 92nina · 30 replies
    ATR ^ | 2012-07-27 | [Staff]
    While the House of Representatives passed legislation eliminating red tape and rolling back regulations on businesses this week, Nanny State regulators at all levels of government continued to impose new bans on everything from LED lights to feeding turkeys. At the federal level, 2,266 pages were added to the federal register along with 86 new rules setting quotas for Atlantic Bluefin tuna and determining what assets state savings associations can invest in. Oregon Man Faces Jail Time for Collecting Rainwater: A rural Oregon man was sentenced to 30 days in jail and $1,500 in fines after he was found guilty...
  • Obama: Letting People Keep Their Own Money Is a "Giveaway" from the Government

    07/30/2012 7:46:11 AM PDT · by 92nina · 29 replies
    ATR ^ | 2012-07-27 | Ryan Ellis
    On Wednesday, President Obama argued that not raising taxes on certain households amounts to a "giveaway" from the government. On Thursday, White House spokesman Jay Carney repeated and defended the term "giveaway." Chalk it up as another example of a "You didn't build that" worldview. During the Thursday press briefing, ABC News senior White House correspondent Jake Tapper asked Carney why the White House uses the term "giveaway": Jake Tapper: You used the word "giveaway", and President Obama, in his statement yesterday, used the word "giveaway," referring to the extension of the lower Bush tax cut rates for I guess...
  • Roberts Clarifies: Mandate is a Tax...Not a Penalty [For Campaign Purposes]

    07/27/2012 12:38:40 PM PDT · by 92nina · 23 replies
    ATR ^ | 2012-07-26 | Justin Sykes
    In the weeks following the Supreme Court's ruling on the healthcare mandate, President Obama and House Minority Leader Nancy Pelosi have repeatedly stated to the public that the individual mandate contained in Obamacare is not a tax. The Democrats' hard line stance that the mandate is not a tax is illogical, as evidenced by Chief Justice Robert's constitutional analysis of the individual mandate. Contrary to President Obama and the Democrat's interpretation of the mandate, Justice Roberts made ten key points in his analysis on why the mandate is a tax, and not a penalty: The Government asks us to read...
  • Obama vs. Reagan: Current Administration’s Spending and Deficits Make Reagan Seem Austere

    07/27/2012 8:32:20 AM PDT · by 92nina · 3 replies
    ATRF ^ | 2012-07-26 | Jeremy Sawyer
    The interrelated issues of spending, deficits, and debt are increasingly central to national political discourse in the United States, and with good reason. Problems that have never been given high priority must now be dealt with if America is to continue its historical rise to prosperity. When President Reagan entered office, spending, deficits, and debt had been steadily rising for decades. Yet the nation’s fiscal situation was under control and the federal government’s spending did not pose nearly the threat it does today. The national deficit in FY 1980 was only 2.6 percent of GDP. Faced with a Democratic Congress...
  • Virginia Celebrates Fifth Consecutive Below Average COGD

    07/26/2012 10:36:49 AM PDT · by 92nina
    Cost of Government Center ^ | 2012-07-22 | [Staff]
    For the fifth consecutive year, residents of Virginia celebrate a Cost of Government Day falling on or after the national average. Working until July 22, residents must work seven days more than the national Cost of Government Day on July 15. This year, Virginians celebrate their Cost of Government Day with California, falling behind 39 other states. The Cost of Government Day measures the calendar date by which the average American pays off his or her share of spending and regulatory burdens on all three levels of government: federal, state and local. This year, residents of the Commonwealth labor 204...
  • It's Official: Obamacare Is a $1 Trillion Net Tax Hike

    07/26/2012 7:12:24 AM PDT · by 92nina · 5 replies
    ATR ^ | 2012-07-24 | Ryan Ellis
    The Congressional Budget Office (CBO) today came out with new scores for Obamacare. The big statistic that caught our eye was that Obamacare is now officially a $1 trillion net tax increase. The reason this number is bigger than in the past is because the gimmicks of that law are now running out. Tax hikes were scheduled to start several years after the passage of the bill, creating many "zero" years on a ten-year score. Well, it;'s been several years, so the window dressing chickens are coming home to roost. In Table 2 of CBO's analysis of repealing Obamacare, they...

    07/25/2012 11:38:40 AM PDT · by bramps · 4 replies
    DANIELPIPES.ORG ^ | DEC 27, 2005 | Jennifer King
    Submitted by Jennifer King [AGAIN!] (United Kingdom), Dec 27, 2005 at 12:26 SOS!!! TO ALL INNOCENT INFIDELS! PEACE IN ISLAM Qur'an 25:63 says, "When Muslims are addressed by the ignorant they should reply, ‘PEACE.' This means when anyone who is ignorant of the terrible truth about Islamic law and history asks Muslims about Islam, they can be deluded into thinking that Islam is peaceful and tolerant. And ignorance, while it can be bliss, is in this case fatal. 3:28 "Let not the believers take for friends or helpers unbelievers rather than believers: if any do that, they shall have no...
  • The American Opportunity Credit: Relief for the Many, Handouts for the Few

    07/25/2012 11:14:24 AM PDT · by 92nina
    ATRF ^ | 2012-07-24 | Blake Seitz
    Current Law A number of tax credits on the books today are deemed “refundable,” because they can reduce filers’ tax liabilities below zero (when this occurs, the IRS sends the filer a check, rather than the other way around). One such refundable provision is the American Opportunity tax credit (AOTC), enacted as a temporary measure under the 2009 stimulus. The AOTC, modeled after the earlier Hope Scholarship and Lifetime Learning credits, is a four year, dollar-for-dollar tax reduction of up to $2,500 for the first $4,000 in eligible educational expenses (tuition, fees, course-related supplies, etc.). Up to 40% of the...
  • Now’s the Time to Adopt Hydrofracking

    07/24/2012 3:47:28 PM PDT · by 92nina · 3 replies
    ATR ^ | 2012-07-24 | Heather Ginsberg
    Just yesterday the Energy Information Administration (EIA) put out a new study on the major reserves of shale gas and tight oil. Hydraulic fracturing has led energy producers and scientists to completely reassess America’s oil and natural gas reserves. In North Dakota, the Bakken Shale is a huge source of this tight oil; however, it is only the third biggest in the entire country. In North Dakota they have seen unemployment drop to 3 percent due to the large effort to explore oil options in the Bakken Shale. If this is only the third largest source in the country, imagine...
  • Obama vs. Reagan: America Enters New Era of Disability

    07/24/2012 12:42:45 PM PDT · by 92nina · 2 replies
    ATRF ^ | 2012-07-23 | Jeremy Sawyer
    Social Security was created in 1935 in order to provide a safety net to Americans without the ability to earn income. Over the past decades, the program has proliferated to the point of insolvency. In particular, Social Security’s Disability Insurance (DI) component has grown out of control and threatens the nation’s finances as well as the fundamental principle that citizens should not be reliant on government. Like many government programs, DI grew rapidly in the years preceding the Reagan presidency. While benefits were collected by less than 800,000 individuals in 1960, 5.22 million people participated in the program in the...
  • Jihadis Online: A Few Thoughts

    07/24/2012 3:24:56 AM PDT · by Cindy · 45 replies
    Society For Internet Research ^ | JULY 5, 2011 | S.O.F.I.R.
    SNIPPET: "I. When considering the matter of jihadis online, remember that most of what we think we know is based on analyses of the comments made by an handful of vocal activists. The vast majority of jihadis online, be they on forums or social networking sites[i], say nothing. Skillful translations and insightful analyses by definition tell us little about this potentially lethal yet silent majority."
  • Seeking revenge, author of gay Green Lantern will give Brazilian boyfriend to his hero

    07/23/2012 5:39:31 PM PDT · by juliosevero · 16 replies
    Last Days Watchman ^ | Julio Severo
    Seeking revenge, author of gay Green Lantern will give Brazilian boyfriend to his heroBy Julio Severo DC Comics writer James Robinson declared that he has received many messages criticizing him for having homosexualized the original Green Lantern, Alan Scott, who now is forced to be a homosexual. The strongest opposition, the bitter scriptwriter says, came from Brazil. James Robinson: seeking revenge from Brazilian fans of Green Lantern “The most hostile criticism I’ve received was hostile tweets from Brazil. I had been out and the next morning I was like ‘all right, my liver is murdering me’ and someone was...
  • Nanny State Update: Cost of Government Day Arrives Amid Bans on Feeding Homeless People & BBQ Grills

    07/23/2012 2:06:56 PM PDT · by 92nina · 9 replies
    ATR ^ | 2012-07-23 | [Staff]
    While taxpayers celebrated the Cost of Government Day, Nanny state regulators continued to add to the burden of government over the past two weeks, banning everything from baby formula in hospitals to feeding homeless people in public. On the federal level, 2,695 pages were added to the federal register along with 165 new rules regulating everything from this year’s cherry harvest to hearing aid compatible cell phones. Happy Cost of Government Day! Last Thursday, the Americans for Tax Reform Foundation and the Cost of Government Center released their annual Cost of Government Day report, which calculates the day of the...
  • Spirit of Governments

    07/21/2012 3:33:00 PM PDT · by Jacquerie · 1 replies
    Teaching American History ^ | February 18, 1792 | James Madison
    May not governments be properly divided, according to their predominant spirit and principles, into three species of which the following are examples? First. A government operating by a permanent military force, which at once maintains the government and is maintained by it; which is at once the cause of burdens on the people and of submission in the people to their burdens. Such have been the governments under which human nature has groaned through every age. Such are the governments which still oppress it in almost every country of Europe, the quarter of the globe which calls itself the pattern...
  • Voters Favor Extending Tax Cuts for Everyone

    07/20/2012 3:42:40 PM PDT · by 92nina · 2 replies
    ATR ^ | 2012-07-19 | Justin Sykes
    In an article published by the Washington Post this week, reporter Chris Cillizza commented on the percentage of voters who favor a tax increase on incomes over $250,000. Cillizza writes that Democrats have publicly proclaimed their willingness to jump off the fiscal cliff this year in defiance of Republicans refusal to end tax cuts for those making over $250,000, and that "the public is on their side." However, according to a recent McClatchy-Marist poll it is clear this is not the case. As evidenced by the poll results, the majority of voters support extending tax cuts for everyone, including those...