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Keyword: taxandspend

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  • USDA Christmas Tree Tax Takes Effect

    11/15/2014 5:42:24 PM PST · by PROCON · 87 replies
    breitbart ^ | Nov. 15, 2014 | Rich Tucker
    This year, your real Christmas tree will be more expensive than it needs to be. That’s because the Department of Agriculture is imposing a fee on each fresh-cut tree sold. A few months ago, the federal government created a national marketing program to advertise the virtues of real Christmas trees. It’s funded by a 15-cent surcharge that will be added to the cost of each tree sold. It’s not a tax, Washington insists -- merely a fee that you have to pay. “The Christmas tree industry requested this initiative to fund Christmas tree research and marketing, the program will be...
  • Maine's largest city cuts spending in dispute over immigrant aid

    11/13/2014 5:42:53 PM PST · by 11th_VA · 38 replies
    Yahoo News ^ | 14 Nov 2014 | Reuters By Dave Sherwood
    PORTLAND Maine (Reuters) - Maine's largest city has begun clamping down on spending as newly re-elected Republican Governor Paul LePage makes good on a campaign promise to cut funding to cities and towns that give aid to undocumented immigrants. In an internal memo released on Wednesday, Portland city officials said they had frozen hiring and cut travel and overtime spending after their requests for reimbursement from the state for assistance provided to families with children in emergencies had gone unanswered since July. The budget shortfall could grow to as much as $3 million this year, city officials said, a hefty...
  • The Incurable Disease -- Government Spending

    11/02/2014 9:03:10 PM PST · by Abakumov · 7 replies
    Radix News ^ | November 3, 2014 | Ben Carson
    I have had a fulfilling career as a pediatric neurosurgeon, which unfortunately included numerous instances where worst-case scenarios played out in the operating room. Good surgeons plan ahead for these possible events so that bad outcomes are minimized. But of course, few treatment plans will succeed if the doctor continually fails to make a proper diagnosis before surgery begins. When I look at our nation’s massive federal debt, it is clear that Washington has chronically misdiagnosed the situation, which has resulted in a seemingly never-ending cycle of borrowing and spending. Much like a life-threatening disease, if the underlying cause is...
  • BILL CLINTON SUPPORTS TOM WOLF’S TAXING AGENDA (PA Governors Race)

    10/27/2014 6:30:22 PM PDT · by smoothsailing · 17 replies
    Watchdog Wire - Pennsylvania ^ | 10-27-2014 | Jana Benscoter
    October 27, 2014BILL CLINTON SUPPORTS TOM WOLF’S TAXING AGENDA By Jana BenscoterSound bites echoed throughout Pittsburgh on Monday as the notorious former Democratic President Bill Clinton stumped for his party’s Pennsylvania gubernatorial candidate Tom Wolf. Clinton used the same message he has used in other states for other candidates, personalizing his speech to Wolf, and keeping in step with his folksy brand.The well-known Clinton was used to try to influence voters into believing “trickle-down government” isn’t working—the use of tax breaks and other economic benefits to stimulate the economy—and that Democrats have the answers to creating, growing and sustaining middle-class...
  • Warren Buffett: Tax Inversions Are Bad – Unless I Do Them

    10/03/2014 12:39:26 PM PDT · by Kaslin · 10 replies
    Townhall.com ^ | October 3, 2014 | Michael Schaus
    Warren Buffett is trying to salvage his liberal credentials in the wake of his latest tax avoidance scheme. The Oracle of Omaha became BFF’s with Obama & Company during the President’s reelection campaign when he expressed support for Obama’s tax-and-spend agenda. In an effort to be among the 1 percenters who supported taxing the 1 percenters, Buffett touted the virtues of forking more money over to the Internal Revenue Service…And then the Burger King/ Tim Hortons deal happened. In the wake of news about companies using “tax inversion” deals to escape the highest corporate tax rate in the world (ours),...
  • City pledges to provide health care for unaccompanied immigrant children

    09/02/2014 5:41:45 PM PDT · by moonshinner_09 · 5 replies
    San Francisco Examiner ^ | September 2, 2014 | CHRIS ROBERTS
    San Francisco is providing health care as well as education for the unaccompanied immigrant children seeking refuge in the United States. Since last year, more than 47,000 minors have crossed the border into the country unescorted by adults. As many as 500 youth refugees from conflicts in Central America are expected to arrive in San Francisco by the end of the year, the Department of Public Health estimates. And The City is solidly committed to providing them health care via San Francisco's public options, according to a resolution The City's Health Commission is expected to pass today. Under the Healthcare...
  • Philadelphia Earns Millions By Seizing Cash And Homes From People Never Charged With A Crime

    08/26/2014 10:41:36 AM PDT · by george76 · 57 replies
    Forbes ^ | 8/26/2014 | Nick Sibilla
    Chris Sourovelis has never had any trouble with the law or been accused of any crime. But that hasn’t stopped the City of Philadelphia from trying to take his home. The Sourouvelis family, along with thousands of others in Philadelphia, is living a Kafkaesque nightmare: Their property is considered guilty; they must prove their innocence and the very prosecutors they’re fighting can profit from their misery. Now the Institute for Justice has filed a major class-action lawsuit to end these abuses of power. Back in March, Chris’s son was caught selling $40 worth of drugs outside of the home. With...
  • Liberal Austin homeowners surprised to find they have to pay all the taxes they voted for

    06/02/2014 7:18:13 PM PDT · by SeekAndFind · 100 replies
    Hotair ^ | 06/02/2014 | Erika Johnsen
    NIMBY, literally. “I’m at the breaking point,” said Gretchen Gardner, an Austin artist who bought a 1930s bungalow in the Bouldin neighborhood just south of downtown in 1991 and has watched her property tax bill soar to $8,500 this year.“It’s not because I don’t like paying taxes,” said Gardner, who attended both meetings. “I have voted for every park, every library, all the school improvements, for light rail, for anything that will make this city better. But now I can’t afford to live here anymore. I’ll protest my appraisal notice, but that’s not enough. Someone needs to step in...
  • The Coming Obamacare Shock for 170 Million Americans

    04/04/2014 1:42:41 AM PDT · by kingattax · 24 replies
    Yahoo/The Fiscal Times ^ | April 3, 2014 | Edward Morrissey
    Barack Obama declared victory this week as the deadline to avoid the penalty for the individual mandate to carry health insurance passed on Monday. “The Affordable Care Act is here to stay,” the President insisted as he announced that 7.1 million people had enrolled in private insurance through Obamacare. “The debate over repealing this law is over.” Consider that presidential wish casting in a midterm cycle in which Democrats will have to constantly defend their support for the unpopular law. As Jimmy Fallon pointed out later the same evening, the numbers were neither impressive nor reliable. “It’s amazing what you...
  • Governor: Colorado pot market exceeds tax hopes

    02/22/2014 5:11:33 AM PST · by Wolfie · 56 replies
    Associated Press ^ | 02/19/2014
    Governor: Colorado pot market exceeds tax hopes Denver -- Colorado’s legal marijuana market is far exceeding tax expectations, according to a budget proposal released Wednesday by Gov. John Hickenlooper that gives the first official estimate of how much the state expects to make from pot taxes. The proposal outlines plans to spend some $99 million next fiscal year on substance-abuse prevention, youth marijuana-use prevention and other priorities. The money would come from a state 12.9 percent sales tax on recreational pot. Colorado’s total pot sales next fiscal year were estimated to be about $610 million. Retail sales began Jan. 1...
  • Governor: Colorado pot market exceeds tax hopes

    02/20/2014 1:30:51 PM PST · by Olog-hai · 32 replies
    Associated Press ^ | Feb. 19, 2014 5:50 PM EST | Kristen Wyatt
    Colorado’s legal marijuana market is far exceeding tax expectations, according to a budget proposal released Wednesday by Gov. John Hickenlooper that gives the first official estimate of how much the state expects to make from pot taxes. The proposal outlines plans to spend some $99 million next fiscal year on substance abuse prevention, youth marijuana use prevention and other priorities. The money would come from a statewide 12.9 percent sales tax on recreational pot. Colorado’s total pot sales next fiscal year were estimated to be about $610 million. Retail sales began Jan. 1 in Colorado. Sales have been strong, though...
  • 5 Reasons Marijuana Should Remain Illegal

    01/21/2014 4:29:12 AM PST · by Kaslin · 172 replies
    Townhall.com ^ | January 21, 2014 | John Hawkins
    How did we end up in a world where Big Gulps are being banned in New York while the welcome mat for potheads is being rolled out in Colorado? How is it that cigarette smokers are pariahs, while people smoking weed are being cheered? This is despite the fact that potheads are almost universally recognized as unmotivated, low class, degenerate – and, yes, smelly failures. Even the ones that get somewhere in life, like Barack Obama, usually turn out to be mediocrities. Moreover, we all recognize that smoking is a dirty habit that makes you die younger and while drinking...
  • Senate approves $1.1 trillion spending bill

    01/16/2014 3:47:32 PM PST · by SkyPilot · 36 replies
    Washington Post ^ | 16 Jan 14 | Lori Montgomery
    <p>Congress gave final approval Thursday to a $1.1 trillion spending bill that eases the sharp budget cuts known at the sequester and guarantees that the nation will not endure another government shutdown until at least Oct. 1.</p> <p>After three years of politically bruising and economically damaging battles over the budget, the bipartisan agreement to fund federal agencies through the rest of the fiscal year passed with little fanfare.</p>
  • Taxpayers doling out too much dough to control deer, critics charge.

    01/19/2014 7:46:14 AM PST · by ImJustAnotherOkie · 49 replies
    FoxNews.com ^ | January 18, 2014 | By Joshua Rhett Miller
    From New York to California, local governments are spending taxpayer dollars to sterilize female deer, but critics say the approach is a misguided, ineffective and “incredibly expensive” approach to thinning out the herds that has become a suburban scourge. While some communities have used lethal means to curb the exploding population of deer, which roam backyards, destroy gardens and wander into traffic, others have taken what they see as a more humane approach — tranquilizing female deer and removing their ovaries. Average costs are about $1,200 per deer, according to a 2011 report by the New York State Department of...
  • The next Detroit? Atlantic City and Las Vegas facing catastrophic collapse

    12/22/2013 4:40:30 PM PST · by RKBA Democrat · 80 replies
    MyFox NY ^ | 12-22-13 | Israel Joffe
    With the closure of the recent Atlantic Club Casino Hotel, rumors of the bankrupt Revel being sold to Hard Rock, Las Vegas real estate prices remaining depressed, casinos opening up all around the country and online gambling legislation underway in various states, it seems as if the reasons for the very existence of Atlantic City and Las Vegas are in serious jeopardy. Beginning in the late 1940s, Las Vegas became known as the 'adult playground of the world.' Celebrities knew they made the big time when their names graced the billboards of ‘Sin City.’ Gamblers hoping to make money would...
  • The Hidden Obamacare Taxes That Will Crush The Middle Class(news 4 those who chose not to read bill)

    11/14/2013 11:06:18 AM PST · by bestintxas · 31 replies
    moneymorning ^ | 11/14/13
    Get ready to be blindsided by a barrage of new taxes. $1 trillion worth... They'll be coming courtesy of the Affordable Care Act, otherwise known as Obamacare. And they won't just be affecting those who make over $250,000. The bulk of these taxes will be passed on directly to the middle class. That's because while a majority of these "stealth taxes" were designed to be taxes on businesses, they're actually transferred directly to ordinary citizens. They include the investment income surtax, a Medicare payroll tax, even a "tanning tax" on those who utilize indoor tanning services. "Many of those [hidden]...
  • Cincinnati Must Face the Crisis that Sealed Detroit’s Fate

    11/02/2013 4:16:53 AM PDT · by Kaslin · 86 replies
    Townhall.com ^ | November 2, 2013 | Ken Blackwell
    Editor's Note: This column was co-authored by Prof. Richard Vedder, the Distinguished Professor of Economics Emeritus at Ohio University. Cincinnati and Detroit are separated by barely more than 250 miles – a five-hour drive at worst, or under an hour by plane. Despite this proximity, many Cincinnatians would prefer to believe that Detroit’s horrendous fiscal situation couldn’t possibly hit their city. Not so fast. As the largest bankrupt city in America, Detroit has seen its population drop by more than half, unemployment soar to well over double the national average, and services decline. This is what happens to a locality...
  • Signs of the time: Political squabbling erupts over campaign 'Stop' signs

    10/29/2013 6:29:21 AM PDT · by Puppage · 9 replies
    Fairfield Citizen ^ | October 28, 2013
    The chairman of the Democratic Town Committee has asked police to put a halt to Republican campaign signs shaped like stop signs posted along local streets. Ellery Plotkin filed a complaint with the Police Department Monday morning about the octagonal GOP signs that urge voters to "STOP Raising Taxes Vote Republican." Police Sgt. Suzanne Lussier, the department spokeswoman, said six of the GOP signs were removed by officers after their placement was deemed to violate state rules or created a traffic hazard. "From here on out, it will be referred to the (Republican Town Committee) or the (Democratic Town Committee)...
  • A black box in your car? Some see a source of tax revenue

    10/27/2013 5:45:21 AM PDT · by Oldeconomybuyer · 105 replies
    Los Angeles Times ^ | October 26, 2013 | By Evan Halper
    WASHINGTON — As America's road planners struggle to find the cash to mend a crumbling highway system, many are beginning to see a solution in a little black box that fits neatly by the dashboard of your car. The devices, which track every mile a motorist drives and transmit that information to bureaucrats, are at the center of a controversial attempt in Washington and state planning offices to overhaul the outdated system for funding America's major roads.
  • 15 Years Later, Where Did All The Cigarette Money Go?

    10/14/2013 10:32:10 AM PDT · by nickcarraway · 48 replies
    NPR ^ | October 13, 2013
    Fifteen years after tobacco companies agreed to pay billions of dollars in fines in what is still the largest civil litigation settlement in U.S. history, it's unclear how state governments are using much of that money. So far tobacco companies have paid more than $100 billion to state governments as part of the 25-year, $246 billion settlement. Among many state governments receiving money, Orange County, Calif., is an outlier. Voters mandated that 80 percent of money from tobacco companies be spent on smoking-related programs, like a cessation class taught in the basement of Anaheim Regional Medical Center. "So go ahead...
  • GOP: Democrats' request for higher spending hurting deal chances

    10/14/2013 6:33:02 AM PDT · by Hoodat · 19 replies
    Bradenton Herald (from McClatchy) ^ | Oct 13, 2013 | Anita Kumar and William Douglas
    WASHINGTON — Several Republican senators said Sunday a Democratic request to increase government spending is hurting chances of a deal to end the 13-day-old shutdown. Leaders of the Democratic-led Senate were dismissive of a proposal Saturday, in part, because it kept in place for too long the automatic spending cuts that went into effect earlier this year. Another round of those decade-long cuts -- dubbed the sequester and approved by Congress and the White House in 2011 -- is expected in January. The Republican complaints came as Senate Majority Leader Harry Reid, D-Nev., and Minority Leader Mitch McConnell, R-Ky., spoke...
  • By the way, the DNC is broke

    10/01/2013 9:56:59 AM PDT · by SeekAndFind · 30 replies
    Hotair ^ | 10/01/2013 | Guy Benson
    This story is just perfect — particularly in light of the party’s endemic debt denialism, and the personal financial straits of its chairwoman: There’s another budget crisis in Washington, and it’s unfolding inside the Democratic party. The Democratic National Committee remains so deeply in the hole from spending in the last election that it is struggling to pay its own vendors.It is a highly unusual state of affairs for a national party — especially one that can deploy the President as its fundraiser-in-chief – and it speaks to the quiet but serious organizational problems the party has yet to address...
  • Obama on Obamacare: “We did raise taxes on some things.” (Duck You Suckers)

    09/25/2013 12:14:57 PM PDT · by yoe · 22 replies
    Americans for Tax Reform ^ | September, 25, 2013 | John Kartch
    During his Tuesday remarks at the Clinton Global Initiative, President Obama admitted that his health care law raises taxes: “So what we did — it’s paid for by a combination of things. We did raise taxes on some things.” “Some things” is an understatement. Below is just a partial list of Obamacare’s new or higher taxes on Americans: Starting in tax year 2013: Obamacare Medical Device Tax: Medical device manufacturers employ 409,000 people in 12,000 plants across the country. Obamacare imposes a new 2.3 percent excise tax on gross sales – even if the company does not earn a profit...
  • Obama calls Boehner, says he won't negotiate on debt limit

    09/20/2013 5:45:03 PM PDT · by jimbo123 · 65 replies
    CNBC ^ | 9/20/13 | CNBC
    President Obama called House Speaker John Boehner Friday night, saying that he won't negotiate on the debt limit.
  • L.A. Mayor Declares State of ‘Emergency’ As Movie, TV Production Flees Hollywood

    08/26/2013 6:26:34 PM PDT · by Nachum · 57 replies
    Variety ^ | 8/26/13 | Ted Johnson
    Los Angeles’ new mayor has vowed to help stanch the flow of film and TV production jobs out of Hollywood, starting with the appointment of a film czar at City Hall. But to make a real difference, Eric Garcetti needs to convince skeptical state pols to combat the lure of rich tax incentives from outside California. Two days after this year’s Oscars, Hollywood’s councilman Eric Garcetti, then running for mayor of Los Angeles, staged a media event at Sunset Gower Studios. Only a smattering of reporters and photographers showed up, perhaps because the gathering was to address “runaway production,” a...
  • Only in California: State Taxes the Tax Break They Gave Years Ago

    08/22/2013 12:02:33 PM PDT · by Kaslin · 26 replies
    Townhall.com ^ | August 22, 2013 | Michael Schaus
    California handed out over $120 million in tax credits and incentives for specific small business startups over the past five years. And now, like a child on a playground, the state’s Franchise Tax Board is asking for all that money back. Over 2,000 small businesses are now being levied with hefty tax bills – some as high as $250,000 – for having taken advantage of a duly passed tax incentive program. State Senator Ted Lieu, D-Redondo Beach, said “[Businesses] relied on California law as it was written, that they would get a tax break if they invested in certain kinds...
  • Greta Van Susteren furious over Obama’s ‘staged’ golf photo

    08/13/2013 6:26:09 AM PDT · by theruleshavechanged · 68 replies
    Washington Examiner ^ | Tuesday, August 13 | Charlie Spiering
    “Why would the president do this for the cameras? It’s one thing to take a vacation but is this pose shoving it down the throats of the American people?” she asked. “Many are out of work. They can’t afford to spend the day working on their golf game in one of the most expensive places to vacation. Is this what leadership looks like?”
  • Report: Tobacco tax hikes don’t pay

    08/05/2013 8:48:34 AM PDT · by rktman · 14 replies
    The Daily Caller ^ | 8/4/2013 | Sarah Hurtubise
    Cigarette taxes turn a frowned-upon habit into a popular revenue source. But a recent study found that cigarette taxes often lead to other tax hikes later. The National Taxpayers Union found a 70 percent chance that the so-called sin taxes will not produce the expected revenue, as people buy fewer packs. The taxpayer advocate organization reported that from 2007 to 2011, 25 of 37 cigarette tax increases were joined by other new tax hikes within two years.
  • Newport Beach, CA pays lifeguards $200K per year (Can Munis Survive?)

    07/29/2013 11:36:26 AM PDT · by Titus-Maximus · 15 replies
    Inside Edition: Newport Beach Lifeguards Make $200,000 and Can Retire at Age 50 The popular TV show Inside Edition does an expose on lifeguard compensation in Newport Beach, California: (Video)
  • After Detroit, who's next? [Oakland, Philly..]

    07/23/2013 6:59:54 PM PDT · by kevcol · 22 replies
    Yahoo Finance (WSJ) ^ | July 22, 2013 | WSJ
    Take Oakland, which is Detroit's doppelganger on the West Coast. The run-down Bay Area city, which has the highest crime rate in California, recently laid off more than 100 police to fund retirement benefits and pension-obligation bonds. Murders and robberies shot up by nearly 25% last year. To avert steeper cuts, the city borrowed an additional $210 million to finance pensions. . . Philadelphia is spending about 20% of its budget on pensions to make up for years of short-changing the system.
  • GC of Detroit’s Pension Funds, Former Pension Fund Trustee, Indicted in Bribery Conspiracy

    07/22/2013 1:02:29 PM PDT · by Lorianne · 13 replies
    FBI ^ | 20 March 2013 | U.S. Attorney’s Office
    Ronald Zajac, of Northville, Michigan, the general counsel of Detroit’s two pension funds, and Paul Stewart, of Detroit, Michigan, a former trustee of Detroit’s Police and Fire Retirement System, were both charged today in a superseding indictment with participating in a bribery and kickback conspiracy involving over $200 million in investments before the two city of Detroit pension funds United States Attorney Barbara L. McQuade announced today. McQuade was joined in the announcement by FBI Special Agent in Charge Robert D. Foley, III. Zajac and Stewart were added as defendants in a superseding indictment that had already charged former city...
  • Detroit Mayor Bing: "More than 100 urban U.S. cities “are having the same problems we’re having"

    07/21/2013 4:06:21 PM PDT · by whitedog57 · 51 replies
    Confounded Interest ^ | 07/21/2013 | Anthony B. Sanders
    Ingham County Circuit Court Judge Rosemarie Aquilina ordered on Friday that Detroit’s bankruptcy be withdrawn. Aquilina said the 2012 Michigan law that allowed Gov. Rick Snyder to approve the city’s bankruptcy filing, the largest municipal bankruptcy filing ever in the United States, violates the Michigan Constitution. Specifically, Article IX Section 24, which holds that pension plans and retirement systems “shall not be diminished or impaired.” Aquilina said that she will ensure that President Barack Obama gets a copy of her order. “It’s also not honoring the president, who took [Detroit’s auto companies] out of bankruptcy.” bilde “I know he’s watching...
  • Ed Schultz: “Thanks to a lot of Republican policies, [Detroit] is now filing for bankruptcy”

    07/21/2013 1:01:35 PM PDT · by Justaham · 79 replies
    hotair.com ^ | 7/21/13 | Erika Johnsen
    We’ve got another one, ya’ll. I thought Melissa Harris-Perry’s utterly illogical talking point about Detroit serving as an example of what “Republicans would impose on us” was bad, but this… Do you think that maybe he actually believes what he’s saying, or that he’s just straight-up lying through his teeth because there is literally no good way to spin Detroit’s fiscal collapse as anything other than the inevitable conclusion of a total progressive utopia without peddling outright falsehoods? Because, according to Mr. Schultz — and stay with him here, because there’s a good chance you might not have realized this...
  • Detroit. Bankrupt (Because Democrats didn't have the guts to say "No" to their largest voting bloc)

    07/19/2013 7:44:27 AM PDT · by SeekAndFind · 49 replies
    Townhall ^ | 07/19/2013 | Rich Galen
    The City of Detroit filed for bankruptcy yesterday afternoon. It owes as much as $20 billion, and there is no conceivable way that debt will ever be paid. The city offered its debtors 10 cents on the dollar, but the debtors refused. A good deal of the blame -- rightly or wrongly -- will be placed at the feet of municipal workers -- sanitation, water, sewer, cops, firefighters and so on. The pressure of ever-rising wages for no additional work, leading to ever-rising pension costs, plus ever-increasing benefits and ever more closely defined work rules will likely be found at...
  • [NY Times Editorial] The Decline of North Carolina

    07/10/2013 5:42:47 AM PDT · by Zakeet · 54 replies
    New York Times ^ | July 9, 2013
    Every Monday since April, thousands of North Carolina residents have gathered at the State Capitol to protest the grotesque damage that a new Republican majority has been doing to a tradition of caring for the least fortunate. Nearly 700 people have been arrested in the “Moral Monday” demonstrations, as they are known. But the bad news keeps on coming from the Legislature, and pretty soon a single day of the week may not be enough to contain the outrage. In January, after the election of Pat McCrory as governor, Republicans took control of both the executive and legislative branches for...
  • The 5th Largest City in US is Effectively Bankrupt

    04/19/2013 9:55:16 AM PDT · by SeekAndFind · 52 replies
    Townhall ^ | 04/18/2013 | Mike Shedlock
    You know a city is in deep trouble when its mayor invites Wall Street but not the press and not private citizens to a closed meeting to discuss the future, including a sell-off of city assets. Philadelphia Mayor Michael Nutter, whose municipality has the lowest credit rating of the five most-populous U.S. cities, did just that. My translation: Philadelphia is bankrupt. However, that easily discernible fact will of course be denied until it officially happens. Please consider Philadelphia Holds Closed Meeting With Wall StreetPhiladelphia Mayor Michael Nutter, whose municipality has the lowest credit rating of the five most-populous U.S. cities,...
  • EU commission asks for €11 billion to plug budget gap

    03/28/2013 11:28:37 AM PDT · by Olog-hai · 1 replies
    EU Observer ^ | 03/28/2013 @ 09:29 | Benjamin Fox
    An extra €11.2 billion ($14.4 billion) is needed to cover unpaid bills from the EU budget, the European Commission said on Wednesday (March 27). Budget commissioner Janusz Lewandowski said he tabled the amending budget in a bid to plug gaps in the 2012 and 2013 spending plans. The request for cash “cannot come as a surprise,” he said, adding that earlier postponement of payments had created a “snowballing effect of unpaid claims transferred onto the following year.” …
  • Senate Dem budget includes nearly $1 trillion in new taxes

    03/12/2013 1:15:05 PM PDT · by SeekAndFind · 17 replies
    The Hill ^ | 03/12/2013 | Erik Wasson
    The first budget from Senate Democrats in four years includes nearly $1 trillion in new taxes but would not balance the budget. The blueprint unveiled by Senate Budget Committee Chairwoman Patty Murray (D-Wash.) on Tuesday to her Democratic colleagues would also turn off the next nine years of the sequester and replace those spending cuts with a 50-50 mix of tax increases and spending cuts. The budget would dedicate $100 billion to economic stimulus in the form of infrastructure spending and job training. Murray argues that her budget cuts $1.85 trillion from deficits over 10 years. But once the sequester...
  • Senate Democrat budget 'blueprint' includes $1T in new taxes

    03/12/2013 12:39:20 PM PDT · by pacificpundit · 18 replies
    The Hill ^ | 3/12/13 | Erik Wasson
    The first budget from Senate Democrats in four years includes nearly $1 trillion in new taxes but would not balance the budget. The blueprint unveiled by Senate Budget Committee Chairwoman Patty Murray (D-Wash.) on Tuesday to her Democratic colleagues would also turn off the next nine years of the sequester and replace those spending cuts with a 50-50 mix of tax increases and spending cuts. The budget would dedicate $100 billion to economic stimulus in the form of infrastructure spending and job training.
  • National Debt Has Risen $5 Trillion Since The Senate Last Passed A Budget in 2009

    03/12/2013 10:43:35 AM PDT · by lbryce · 7 replies
    Investors' Business Daily ^ | March 12, 2013 | Staff
  • Email tells feds to make sequester as painful as promised [Mainstream Media Ignores]

    03/05/2013 11:18:52 AM PST · by SoFloFreeper · 54 replies
    Washington Times ^ | 3/5/13 | Stephen Dinan
    The Obama administration denied an appeal for flexibility in lessening the sequester’s effects, with an email this week appearing to show officials in Washington that because they already had promised the cuts would be devastating, they now have to follow through on that. In the email sent Monday by Charles Brown, an official with the Animal and Plant Health Inspection Service office in Raleigh, N.C., Mr. Brown asked “if there was any latitude” in how to spread the sequester cuts across the region to lessen the impacts on fish inspections. He said he was discouraged by officials in Washington, who...
  • Rep. Jackson Lee warns against more spending cuts: 'We're at the bone almost'

    02/13/2013 9:49:18 AM PST · by BradtotheBone · 39 replies
    The Hill ^ | 02/13/13 11:16 AM ET | Pete Kasperowicz
    Rep. Sheila Jackson Lee (D-Texas) urged her colleagues to reach a compromise to prevent spending cuts through sequestration, arguing that government programs are already as lean as they can be. "We're at the bone almost, and sequester, that is across-the-board cuts, will literally destroy us and put us in a recession," she said on the House floor Wednesday. She called on Republicans to meet Democrats at the negotiating table and rejected the idea that President Obama delivered a partisan State of the Union address Tuesday night. "May I ask them to take some cotton out of their ears, because in...
  • Steny Hoyer: We Don't Have a "Spending" Problem; We Have a "Paying for" Problem

    02/12/2013 5:12:16 PM PST · by Kaslin · 7 replies
    Ruah Limbaugh.com ^ | February 12, 2013 | Rush Limbaugh
    p>BEGIN TRANSCRIPT RUSH: Yesterday, ladies and gentlemen, right here on this program, we had a sound bite for you. It was Nancy Pelosi saying, "We don't have a spending problem." She said we have a budget deficit problem. I intended to make a point about this yesterday. As we do almost every day on this program, I had a call or I brought the subject up myself about my optimism, about how, at some point all of this is gonna bottom out and we're gonna rebound. And I've been honest with you about that optimism. I don't know what or...
  • The 'pyramid' problem with Gov. Dayton's sales-tax hike

    02/03/2013 8:01:52 AM PST · by TurboZamboni · 6 replies
    pioneer press ^ | 1-27-13 | john spry
    Gov. Mark Dayton wants to tax the sale of food, clothing, and just about everything else you buy in the worst possible way. His budget proposes a $2.1 billion, or 20.7 percent, sales tax increase. Since everyone pays sales tax, everyone will pay Dayton's sales tax increase. But it's worse than that. Dayton's tax plan violates the basic principles of tax reform. It intensifies the pain of taxation by imposing hidden taxes on intermediate business purchases. This causes "tax pyramiding," which is a big mistake. According to non-partisan legislative researchers, "Standard tax policy principles argue that intermediate business purchases should...
  • Illinois’ credit rating downgraded; state drops to worst in the nation

    01/26/2013 9:47:57 AM PST · by Perdogg · 25 replies
    Illinois’ credit rating has taken another hit. Standard & Poor’s Ratings Service downgraded the state from an “A” rating to “A-minus”, making it the worst in the country.
  • (Former Prez) Sarkozy's plans 'to dodge new 75% French tax rate by moving to London

    01/22/2013 11:47:59 PM PST · by Lancey Howard · 27 replies
    Mail Online (UK) ^ | January 22, 2013 | Peter Allen In Paris
    Suddenly a handshake from David Cameron probably seems an awful lot more inviting. Former president Nicolas Sarkozy could become the next wealthy Frenchman to flee to Britain over his country’s looming tax hikes on the rich. Mr Sarkozy – who famously snubbed the Prime Minister’s attempt to shake his hand after Mr Cameron vetoed changes to the EU treaty in 2011 – is reportedly planning to move to London to set up a Ł800million investment fund. The 57-year-old, who was ousted from office last June, has amassed a fortune from Ł150,000-an-hour public speaking engagements and is now said to be...
  • Candy, butts, soda, water: Gov's latest tax targets

    01/23/2013 12:43:09 PM PST · by massmike · 10 replies
    http://bostonherald.com ^ | 01/23/2013 | Chris Cassidy
    Candy, soda, tobacco, and bottles of water and sports drinks are all in Gov. Deval Patrick's crosshairs as he announced another $2 billion tax wish list in his $34.8 billion proposed fiscal 2014 budget at the State House this afternoon. Among the tax highlights: The cigarette excise tax would be hiked by $1 to $3.51 per pack. Taxes on cigars and smokeless tobacco would also increase. The state would essentially expand the bottle bill to include water bottles and sports drinks on deposits. Candy and soda would no longer be exempt from the state sales tax. Patrick last week proposed...
  • Top Dem promises to pass budget — but only to raise taxes

    01/21/2013 5:30:00 AM PST · by bestintxas · 8 replies
    wash examiner ^ | 1/20/13
    Byron York Chief Political Correspondent The Washington Examiner @ByronYork Popular in PoliticsUtah sheriffs warn Obama of deadly war over guns Newsweek: Obama is 'The Second Coming' Top Dem promises to pass budget — but only to raise taxes Lupe Fiasco gets booted from inaugural event after rapping anti-Obama song Chuck Schumer: GOP has to back tax increases to get a budget In recent days Republicans have had some success pointing out that it will soon be four years since Senate Democrats have allowed Congress to pass a budget — something the Congressional Budget Act requires lawmakers to do each year....
  • Golfer Phil Mickelson May Call It Quits Due To Climbing Tax Rates

    01/21/2013 5:12:50 AM PST · by tellw · 51 replies
    Forbes ^ | 1/21/2013 | Tony Nitti, Contributor
    Word is, Phil Mickelson is mad as hell about rising tax rates, and he’s not going to take it anymore. What follows is a brief portion of an interview Mickelson gave earlier today after carding a final-round 66 at the Palmer Course at PGA West in La Quinta – which I assure you, is not associated with the La Quinta next door to your local Denny’s – in which the golfer hinted that he is considering drastic career changes because of a combined tax rate nearing “62, 63 percent:”
  • Americans feel austerity's bite as payroll taxes rise

    01/12/2013 6:55:46 AM PST · by mdittmar · 24 replies
    Reuters ^ | Jan 12, 2013 | Jason Lange
    (Reuters) - Americans are beginning to feel the pinch from Washington's decision to embrace austerity measures aimed at bringing down the nation's budget deficit. Paychecks across the country have shrunk over the last week due to higher federal tax rates, and workers are already cutting back on spending, which will drag on the economy this year.