Keyword: taxcut

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  • DRUDGE SIREN: SEN. SESSIONS TO ENDORSE TRUMP

    02/28/2016 1:44:06 PM PST · by cdnerds · 595 replies
    http://drudgereport.com/ ^ | 2/28/2016 | Drudge Report
    DRUDGE SIREN: SEN. SESSIONS TO ENDORSE TRUMP No link to a website yet
  • China to Stimulate by Cutting Taxes

    12/28/2015 8:46:58 AM PST · by Lorianne · 15 replies
    Armstrong Economics ^ | 28 December 2015 | Martin Armstrong
    China is demonstrating that it is more practical than anyone else in the industrialized world. They have announced that they will “reasonably” set limits on new local government debt in 2016. Finance Minister Lou Jiwei said at a work conference in Beijing on Monday that they will actually limit local debt; something nobody else does. China will also adopt a much more flexible fiscal policy that will include gradually increasing the fiscal deficit ratio and expanding its budget deficit. So China will increase its debt in a gradual manner to try to stimulate the economic decline it is facing. These...
  • Trump Welcomes Herman Cain to Rally, Calls Him 'Mr. 9-9-9'

    10/10/2015 7:20:03 PM PDT · by Helicondelta · 10 replies
    CNN ^ | October 10, 2015
    Donald Trump met Saturday with Herman Cain -- whom the real estate mogul called "Mr. 9-9-9" -- and a group of African-American pastors on how to better engage African-American voters. After Cain addressed the crowd in Norcross, Georgia, Trump praised the former presidential candidate's "9-9-9" tax proposal from the 2012 campaign. "When he said 9-9-9, I said, 'What the hell is that?' But he had a good thing," Trump told those in attendance, referring to Cain as "Mr. 9-9-9." The 9-9-9 plan would have replaced almost all current taxes and with a 9% income tax, a 9% corporate tax and...
  • Cutting Michigan's Income Tax Would Also Lessen Corporate Welfare Burden

    10/05/2015 6:30:18 AM PDT · by MichCapCon · 2 replies
    Michigan Capitol Confidential ^ | 9/20/2015 | Jack Spencer
    Michigan lawmakers who would like to cut the states personal income tax rate may have found their way eased by a largely overlooked benefit: A rate cut would reduce the amount the state owes to corporations that are benefiting from extensive tax breaks and outright cash subsidies granted by the Michigan Economic Growth Authority during former Gov. Jennifer Granholm's administration. The states liability to these corporations was revealed earlier this year, and shocked lawmakers preparing to adopt a budget for the coming fiscal year. Under a program repealed in 2011, corporations were granted some $9.38 billion in tax credits. The...
  • Trump's zero-tax plan involves an I win letter

    09/28/2015 10:27:15 AM PDT · by vbmoneyspender · 66 replies
    CNBC ^ | 9/28/2015 | Reuters with CNBC.com
    The plan calls for eliminating federal income taxes on individuals earning less than $25,000 and married couples earning less than $50,000. If you fall under the no tax bracket you'll get to send a one-page letter to the IRS that says "I Win," Trump said. But the plan would also benefit businesses and the rich.
  • Grading Trumps tax plan (video - Fox Business)

    09/28/2015 10:58:46 AM PDT · by RoosterRedux · 43 replies
    Stuart Varney hosts Peter Morici, Charlie Gasparino, Grover Norquist. Video Link
  • Norquist Blesses Trump's Tax Plan, Brings 'Jobs, Jobs, Jobs'

    09/28/2015 10:00:05 AM PDT · by Helicondelta · 60 replies
    Republican presidential candidate Donald Trump's newly released tax plan was given a blessing Monday by the nation's biggest anti-tax advocate, Grover Norquist, who said it would produce "jobs, jobs, jobs." As Trump revealed his plan at a press conference, Norquist's influential Americans for Tax Reform released its review that Trump's plan is "consistent" with the advocacy group's "Taxpayer Protection Pledge." ATR said that the Trump plan overall budget neutral, and reforms some of the current tax code. On Twitter, Norquist wrote: "The @realDonaldTrump tax plan cuts business tax from 35% to 15%. This makes us competitive worldwide. Jobs. Jobs. Jobs."
  • Video: Donald Trump Unveils Tax Plan at Trump Tower

    09/28/2015 9:53:07 AM PDT · by JoeSeales · 44 replies
    Donald Trump ^ | 9-28-15 | Donald Trump
    September 28, 2015: At Trump Tower in New York City, GOP Presidential candidate and current front-runner Donald J. Trump unveiled his tax policy plan at a news conference.
  • Full Press Conference: Donald Trump Unveils His Tax Plan (9-28-15)

    09/28/2015 9:45:16 AM PDT · by Arthur McGowan · 25 replies
    YouTube ^ | 150928 | Donald Trump
    Visit https://www.donaldjtrump.com/position... to see the full plan September 28, 2015: At Trump Tower in New York City
  • Tax Reform That Will Make America Great Again

    09/28/2015 9:33:15 AM PDT · by GGpaX4DumpedTea · 16 replies
    Donald J Trump Website ^ | 9/28/2015 | Donald J Trump
    Tax Reform That Will Make America Great Again The Goals Of Donald J. Trumps Tax Plan Too few Americans are working, too many jobs have been shipped overseas, and too many middle class families cannot make ends meet. This tax plan directly meets these challenges with four simple goals: 1.Tax relief for middle class Americans: In order to achieve the American dream, let people keep more money in their pockets and increase after-tax wages. 2.Simplify the tax code to reduce the headaches Americans face in preparing their taxes and let everyone keep more of their money. 3.Grow the American economy...
  • Trump officially unveils tax plan that would lower taxes for millions

    09/28/2015 9:27:50 AM PDT · by SeekAndFind · 29 replies
    AP via Yahoo News ^ | 09/28/2015 | By JILL COLVIN
    WASHINGTON Republican presidential front-runner Donald Trump is calling for an overhaul of the tax code that would eliminate income taxes for millions of Americans, while lowering them for the highest-income earners and business. The plan unveiled Monday would eliminate federal income taxes on individuals earning less than $25,000 and married couples earning less than $50,000. But the plan would also benefit businesses and the rich. It would lower the corporate tax rate from 35 percent to 15 percent and lower the highest income tax rate from 39.6 percent to 25 percent. But Trump said the plan would also impact...
  • TAX REFORM THAT WILL MAKE AMERICA GREAT AGAIN

    09/28/2015 9:20:30 AM PDT · by DannyTN · 77 replies
    Donald Trump Official Campaign Site ^ | 9/28/2015 | Donald Trump
    The Goals Of Donald J. Trumps Tax Plan Too few Americans are working, too many jobs have been shipped overseas, and too many middle class families cannot make ends meet. This tax plan directly meets these challenges with four simple goals: Tax relief for middle class Americans: In order to achieve the American dream, let people keep more money in their pockets and increase after-tax wages. Simplify the tax code to reduce the headaches Americans face in preparing their taxes and let everyone keep more of their money. Grow the American economy by discouraging corporate inversions, adding a huge number...
  • Trump Plan Cuts Taxes for Millions

    09/28/2015 8:18:50 AM PDT · by Helicondelta · 277 replies
    wsj.com ^ | Sept. 28, 2015
    Republican presidential candidate Donald Trump plans to unveil an ambitious tax plan Monday that he says would eliminate income taxes for millions of households, lower the tax rate on all businesses to 15% and change tax treatment of companies overseas earnings. Under the Trump plan, no federal income tax would be levied against individuals earning less than $25,000 and married couples earning less than $50,000. The Trump campaign estimates that would reduce taxes to zero for 31 million households that currently pay at least some income tax. The highest individual income-tax rate would be 25%, compared with the current 39.6%...
  • Donald Trump: Hey lets tax the wealthy!

    09/28/2015 7:43:39 AM PDT · by SeekAndFind · 77 replies
    Hotair ^ | 09/28/2015 | Taylor Millard
    Donald Trump is expected to release his tax plan at some point today, but he let 60 Minutes in on a little sneak peak. There’s good news and bad news on the plan. Here’s the good news first. Donald Trump: I know. I know. I will say this, there will be a large segment of our country that will have a zero rate, a zero rate. And that’s something I haven’t told anybody.Scott Pelley: You’re talking about–Donald Trump: We’re talking about people in the low-income brackets that are supposed to be paying taxes, many of them don’t anyway.Scott Pelley:...
  • Trump press conference to release tax plan - live stream

    Live StreamIf you have a better live feed, please provide link.
  • Trump Says Tax Plan Will Be Good News for Everyone But Hedge Fund Managers

    09/28/2015 7:24:38 AM PDT · by TangledUpInBlue · 43 replies
    Yahoo Finance ^ | 9/28 | Michael Bender
    Criticized by Republican presidential rivals as having a loose grip on policy, Donald Trump will lay out a tax plan on Monday that he said will increase the burden on hedge fund managers, cut rates for corporations and the middle class, and eliminate payments for more of the poor.
  • Texas-Sized Tax Cut: Governor Abbott Signs Total Relief Tax Package Of $3.8 Billion

    06/09/2015 5:40:07 AM PDT · by SeekAndFind · 10 replies
    Forbes ^ | 06/09/2015 | Travis H. Brown
    When a state success story is as big as Texas is, the good news needs sharing beyond the immediate borders. When an already business-friendly state becomes even more hospitable to growth and innovation, that message needs to go worldwide. Thats exactly what Texas Governor Greg Abbott plans to do in the coming months. Already playing from a position of strength, the governor shored up Texas positive reputation even further this week, by securing a new business tax cut. In the legislative session that ended in Austin last week, legislators approved a 25 percent reduction in the state business franchise tax....
  • Kansas Tax Cuts Expectedly Create More Real Jobs, Higher Wages.

    04/01/2015 2:22:37 PM PDT · by TWhiteBear · 3 replies
    Investor's Business Daily ^ | 03/31/2015 | IDB Editorial
    Tax Policy: Liberals threw every punch they had at ,, Sam Brownback last fall, .. Guess who's still standing. From the New York Times to the Kansas City Star, Brownback's agenda was denounced as a failure and a warning to others .. when you try to ride the Laffer Curve and cut taxes. Here's what you won't read today: The tax cut is working. ...job growth in Kansas tied with Utah as the fastest in the nation in February. Brownback cut the highest income-tax rate from 6.4% to 4.8% with the goal of eventually eliminating the state income tax entirely....
  • Be a Rock Star... Start Hating Big Government

    12/27/2014 6:31:50 AM PST · by Kaslin · 13 replies
    Townhall.com ^ | December 27, 2014 | Michael Schaus
    The self-proclaimed “Robin Hood of Rock” is beginning to sound a little more like Grover Norquist than a traditional pop-culture leftist. The U2 frontman, Bono, recently praised Ireland’s extraordinarily low tax rate, while claiming that the move has brought unparalleled prosperity to the Emerald Isle. According to the UK Independent, Bono boasted about the tax-policy’s ability to bring wealth to Ireland for the first time in centuries:“We are a tiny little country, we don’t have scale, and our version of scale is to be innovative and to be clever, and tax competitiveness has brought our country the only prosperity we’ve known.”He even...
  • Reagan vs. Obama: The Largest Tax Cut in American History Remembered

    08/13/2014 4:27:01 PM PDT · by Kaslin · 5 replies
    Townhall.com ^ | August 13, 2014 | Ashley Pratte
    Today marks the 33rd anniversary of the signing of the Economic Recovery Tax Act by President Reagan at his beloved Rancho del Cielo. The Economic Recovery Tax Act of 1981 was one of the signature pieces of legislation during Reagans tenure as President. The bill cut taxes by 25 percent for every American, the largest tax cut in American history. President Reagan made it a point to sign this historic piece of legislation at his humble ranch home nestled away in the mountains outside of Santa Barbara. He recognized that the power rested with the people and not the bureaucrats...
  • Missouri House fails to override veto of tax cut legislation

    09/11/2013 1:42:01 PM PDT · by Da Bilge Troll · 37 replies
    STL Today (St. Louis Post Dispatch) ^ | Sept. 11, 2013 | Elizabeth Crisp
    JEFFERSON CITY The Missouri House has failed to override Gov. Jay Nixons veto of legislation that would cut state income taxes for the first time in nearly a century. The vote, which happened after more than an hour and a half of debate near the start of the state Legislatures annual veto session today, signaled a key victory for Nixon, who has spent the summer advocating against the tax legislation, which he often characterized as poorly drafted. This (legislation) is bad tax policy and bad public policy, state Rep. Jill Schupp, a Creve Coeur Democrat who spoke out against...
  • The $5 trillion tax-cut myth (A closer look at Obama's favorite debate line)

    10/05/2012 6:53:31 AM PDT · by SeekAndFind · 5 replies
    Washington Post ^ | 10/05/2012 | Robert Samuelson
    After 47 percent, the presidential campaigns most incendiary number is $5 trillion. Thats the tax cut planned by Mitt Romney with most benefits going to the wealthy, according to President Obama and his campaign. The president has used the figure repeatedly, as have his surrogates and ads. In Wednesdays debate, Romney vehemently denied that there ever was a $5 trillion tax cut for the rich. Hes right. The figure is a partisan construct that, somehow, has been given a pass by most of the media as one plausible version of the truth. It isnt. To be sure, the Obama campaigns...
  • (video) Income Tax Cut, JFK Hopes To Spur Economy 1962/8/13

    08/14/2012 11:07:37 AM PDT · by doug from upland · 2 replies
    youtube ^ | jfk
    WATCH KENNEDY SAY IT
  • JFK Announces Tax Cut to Spur Economy - 13 August 1962

    08/13/2012 4:34:41 PM PDT · by moonshot925 · 7 replies
    Youtube ^ | 13 August 1962 | UniversalNewsreels
    ^^ The link
  • The Tax Cuts for the Wealthiest Lie

    07/13/2012 6:48:26 AM PDT · by SeekAndFind · 3 replies
    National Review ^ | 07/13/2012 | Thomas Sowell
    Anyone who wants to study the tricks of propaganda has a rich source of examples in the statements of President Barack Obama. On Monday, July 9, for example, he said that Republicans believe that prosperity comes from the top down, so that if we spend trillions more on tax cuts for the wealthiest Americans, that that will somehow unleash jobs and economic growth. Let us begin with the word spend. Is the government spending money on people whenever it does not tax them as much as it can? Such convoluted reasoning would never pass muster if the mainstream media were...
  • Great news: Deal struck on extending temporary tax cut that hasnt boosted the economy at all

    02/16/2012 9:55:43 AM PST · by SeekAndFind · 12 replies
    Hotair ^ | 02/16/2012 | Ed Morrissey
    Yeah, I know I'm supposed to feel all warm and fuzzy about the fact that Democrats and Republicans didn't play this out to the 11th hour, like they do with every other dispute these days. We're supposed to cheer because the system worked and it produced a bipartisan result in a year that will see precious few of them. Too bad that it sucks money out of an already-ailing trust fund while delivering none of the economic impact promised when we tried it last year:CLICK ABOVE LINK FOR THE VIDEO Congressional negotiators resolved all differences on an agreement to extend...
  • When Is a Tax Cut Not a Tax Cut?

    02/08/2012 6:49:26 AM PST · by SeekAndFind · 8 replies
    American Thinker ^ | 02/08/2012 | Henry Percy
    When it spawns a new tax. Remember last December when our public "servants" in Washington "gave" working folk tax relief in the form of a payroll tax holiday? Yay! An early Christmas! Thank you Santa! Well, they needed to "pay" for this generosity somehow, so our dear Congresscritters and president devised a brand new tax--sorry, fee--on home mortgages originating from Fanny Mae and Freddy Mac, or about 90% of all new mortgages. Let's look at some of the salient features of this political sleight-of-hand: The fee is not broken out as a separate line item in the loan paperwork, it's...
  • To congressional Republicans: How to reverse your Social Security payroll Tax Cut train wreck

    12/24/2011 10:04:36 AM PST · by sickoflibs · 68 replies · 1+ views
    December 24, 2011 | sickoflibs
    This latest reversal (and surrender) by Boehner in the house isnt a surprise to me. It has been clear to me that while Obama is planning and executing a re-election strategy that depends on making you congressional Republicans look incompetent at best and evil-minded at worst, you seem to plod aimlessly along with absolutely no plan just assuming you will win automatically while helping Obamas re-election campaign. How can you Republicans turn this around and put Democrats and Obama on the defensive? First, accept that you cant sell the idea that the FICA/SS tax cuts must be paid for now....
  • House approves payroll tax cut, jobless benefits

    12/23/2011 7:35:35 AM PST · by illiac · 95 replies · 7+ views
    AP/MSNBC ^ | 12/23/11 | AP
    The House passed a two-month renewal of payroll tax cuts for 160 million workers and unemployment benefits for millions of jobless on Friday, giving President Barack Obama a resounding victory over Republicans who control the House. The Senate approved the bill earlier. The measure was passed by voice vote in a virtually empty House chamber despite lingering grumbling from Tea Party Republicans. It buys time for negotiations early next year on how to cover the costs of a yearlong extension of the two percentage point payroll tax cut, the centerpiece of Obama's fall jobs agenda.
  • Tax Cut? No, Just Another Raid On Social Security

    12/21/2011 1:26:04 PM PST · by IBD editorial writer · 31 replies
    Investor's Business Daily ^ | 20 Dec 2011 | Editorial
    Politics: Lost in Beltway wrangling over a payroll tax cut, an ugly reality lurks: Our politicians are plotting yet another raid on the Social Security "trust fund," which is already near insolvency. When will this madness stop? President Obama and his congressional Democrats know well how bad their spendthrift reputation is among voters as election day approaches. With Obama at sub-50% approval numbers and Gallup reporting Congress clocking in at a record-low 11%, they expect a bloodbath at the polls in November and maybe another slashed debt rating, too. What then could be better for Democrats than to be...
  • Club for Growth defends Herman Cain, 9-9-9 plan (anti-tax group defends 999)

    10/14/2011 8:58:34 AM PDT · by justsaynomore · 113 replies
    Politico ^ | 10/13/11 | Maggie Haberman
    The anti-tax Club for Growth is rising to Herman Cain's defense amid growing scrutiny of - and questions about - his "9-9-9" economic plan: Herman Cains 9-9-9 plan is both pro-growth and a good starting point on the way to a flat or fair tax, said Club president Chris Chocola. Eliminating taxes on capital gains and dividends and combining that with huge rate cuts in both corporate and income taxes would create an unparalleled economic boom. 9-9-9 also eliminates the regulatory and compliance costs from the current tax code that suck billions out of the economy each year. It is...
  • Obama vs. Bush: Whos the Bigger Tax Cutter?

    09/15/2011 4:28:30 PM PDT · by edh · 17 replies
    Center for American Progress ^ | 9-15-2011 | Michael Linden, Michael Ettlinger
    If you had to guess whether President George W. Bush or President Barack Obama cut taxes more in his first term, which one would you choose? Probably President Bush, right? After all, the the Bush tax cuts were massive. And President Obama is the one calling for the expiration of some of those tax cuts. Hes also pushing for more revenue as we try to address our long-term fiscal imbalance. Given all that, you could be forgiven for guessing that President Bush is the bigger tax cutter. But youd actually be wrong. By the end of his first term, President...
  • Freshman lawmakers getting respect now (leaders pay heed to the anti-tax wave of GOP newcomers)

    04/01/2011 2:36:21 AM PDT · by Cincinatus' Wife · 2 replies
    Houston Chronicle ^ | March 31, 2011 | Joe Holley and gary Scharrer
    "I don't pay any attention to freshmen," said Elliott Naishtat, D-Austin, on the day he and his fellow House members began voting on proposals that would slice more than $20 billion from the current budget and the 2012-2013 spending plan. Normally, the good-natured disdain expressed by the House veteran of two decades is universal, but not this session. Because of their numbers - 37 new members, 31 of them Republicans - and because of the cost-cutting, anti-tax zeal that got so many of them elected during last fall's GOP avalanche, House Speaker Joe Straus, R-San Antonio, Appropriations Chairman Jim Pitts,...
  • NH, RI, NJ buck trend, propose cigarette tax cut

    03/18/2011 4:52:43 AM PDT · by arderkrag · 18 replies
    AP via Yahoo! News ^ | 03/18/2011 | Unknown
    CONCORD, N.H. Bucking a national trend of raising cigarette taxes, New Hampshire, New Jersey and Rhode Island have considered reducing theirs, hoping to draw smokers from other states and increase revenue. Supporters argue reducing the tax by a dime would make New Hampshire more competitive with Maine, Vermont and Massachusetts, while opponents say that even if the state experienced higher sales as a result it still would lose millions of dollars in revenue. It's very unusual for states to lower the tax, University of Illinois at Chicago economics professor Frank Chaloupka says. The increase in sales isn't enough to...
  • The Tax Deal Is Nothing Short Of Ronald Reagan's Notorious "Starve The Beast" Strategy

    12/16/2010 8:00:31 PM PST · by TigerLikesRooster · 30 replies
    Business Insider ^ | 12/16/10 | Robert Reich
    The Tax Deal Is Nothing Short Of Ronald Reagan's Notorious "Starve The Beast" Strategy Robert Reich | Dec. 16, 2010, 2:46 PM | 1,659 | comment 50 More than thirty years ago, Ronald Reagan came to Washington intent on reducing taxes on the wealthy and shrinking every aspect of government except defense. The new tax deal embodies the essence of Reaganomics. It will not stimulate the economy. A disproportionate share of the $858 billion deal will go to people in the top 1 percent who spend only a fraction of what they earn and save the rest. Their savings are...
  • Swindle of the year

    12/10/2010 8:06:45 AM PST · by Hojczyk · 27 replies · 1+ views
    Washington Post ^ | December 10,1012 | Charles Krauthammer
    Barack Obama won the great tax-cut showdown of 2010 - and House Democrats don't have a clue that he did. In the deal struck this week, the president negotiated the biggest stimulus in American history, larger than his $814 billion 2009 stimulus package. It will pump a trillion borrowed Chinese dollars into the U.S. economy over the next two years - which just happen to be the two years of the run-up to the next presidential election. This is a defeat? At great cost that will have to be paid after this newest free lunch, the package will add as...
  • Rev. Al Sharpton rips Rep. Anthony Weiner for bashing President Obama's tax cut plan with GOP

    12/09/2010 10:04:04 AM PST · by maggief · 45 replies · 1+ views
    New York Daily News ^ | December 9, 2010 | Kenneth R. Bazinet
    EXCERPTS "I'm against tax cuts for the rich too...but this is absolutely over the top to blame this on President Obama," Sharpton told the Daily News. "The goal is to take care of working class people, not to attack the President." (snip) "There will be pushback," Sharpton vowed, likening the attacks to "blaming the ransom" and "not the kidnapper." ...
  • Playing Games With Those In Need (ANTI-ZIONIST "REPORTER" GOES GOOFY OVER "TAX CUTS")

    12/09/2010 10:37:55 AM PST · by Chi-townChief · 25 replies
    Southwest News-Herald - City & Suburban (Chicago) ^ | December 10, 2010 | RAY HANANIA
    Every time I hear a Republican complain about government spending on helping those in need, extending unemployment benefits and protecting unions, I wonder why they are silent about government subsidies for the big corporations and the wealthy? How is it that Republicans can hold the unemployed hostage to extend huge tax breaks to the rich and super rich earning more than $250,000? They do it because America is a polarized country. Democrats think they can reason with the fanatics, but there is no compromising with the GOP extremists. They can do it because President Barack Obama has surrendered to the...
  • Payroll Tax Cut, Right Cut, Wrong Side: Obama Botches the Payroll Tax Holiday

    12/08/2010 7:18:23 AM PST · by SeekAndFind · 8 replies · 1+ views
    Economics and Liberty ^ | 12/08/2010 | Bryan Caplan
    With perfectly flexible wages, it doesn't matter whether tax law says "employees pay" or "employers pay." Tax incidence depends on supply and demand elasticity, not legislative intent. If wages are nominally rigid, however, the law matters. If you cut a tax on employers, this reduces labor costs, increases the quantity of labor demanded, and reduces surplus labor. If you cut a tax on employees, in contrast, this increases worker compensation, increases the quantity of labor supplied, and increases surplus labor. In both cases, admittedly, a tax cut might directly increase demand and, with nominal wage rigidity, increase employment. But...
  • The Democrats middle class tax cut is a populist red herring

    12/07/2010 5:28:02 PM PST · by Starman417 · 1 replies
    Flopping Aces ^ | 12-07-10 | Vince
    Note: This post was written before last night's agreement. That agreement does nothing to change the facts discussed in this piece or the conclusions drawn by the author. I want to make my priorities clear from the start. One: middle class families need permanent tax relief. And two: I believe we cant afford to borrow and spend another $700 billion on permanent tax cuts for millionaires and billionaires. That is a line from President Obamas weekly radio address last week. Hes referring to the coming tax hikes as the Bush Tax Cuts are due to sunset on December 31st....
  • Moody's Worried US Tax Cuts Could Become Permanent(pay more taxes or get screwed?)

    12/07/2010 9:25:07 PM PST · by TigerLikesRooster · 39 replies
    Money News ^ | 12/07/10
    Moody's Worried US Tax Cuts Could Become Permanent Tuesday, 07 Dec 2010 01:37 PM Moody's Investors Service is worried the extension of U.S. tax cuts agreed by President Barack Obama and Republican leaders could become permanent, hurting U.S. finances and its credit ratings in the long run. Steven Hess, Moody's lead sovereign analyst for the United States, said on Tuesday doesn't foresee any change in the U.S. AAA ratings in the next 18 months to two years. He is, however, concerned about "what's going to happen in two years," when the extensions are set to expire again. "The timing two...
  • Chained to a Fence, and Waiting

    12/06/2010 4:20:40 PM PST · by jfd1776 · 4 replies
    Illinois Review ^ | December 6, 2010 A.D. | John F. Di Leo
    The scene is Big City, USA might be Chicago, New York, Los Angeles, Washington D.C. A street gang has rounded up a hundred people, chained them to a fence so theyre defenseless. One by one, they rob every victim taking their purses and wallets. They beat and rape every victim, kicking, punching and cutting them until theyre black and blue and red. And then they leave them there on the sidewalk to recuperate as best they can, still chained, in a weakened state. The gang returns the next day, to do it all again (a brazen...
  • Steve Hayes Schools Juan Williams on Tax Cuts

    09/27/2010 4:18:24 PM PDT · by Chief901 · 32 replies · 1+ views
    Fox News - Special Report | Self
    During the panel discussion on Special Report, Steve Hayes schooled Juan Williams on Tax-Cuts, and why the Democrats can not win the argument on raising everyones taxes during a recession. Steve Hayes comments even left Charles Krauthammer speechless. Jaun had absolutely no response at all when Steve finished with him.
  • McMahon wont remove ad that includes footage of JFK

    09/23/2010 1:49:22 PM PDT · by Drango · 139 replies
    yahoo ^ | 9/23/10 | Holly Bailey
    Connecticut GOP Senate hopeful Linda McMahon is refusing to remove a Web ad that uses archive footage of John F. Kennedy talking about the importance of tax cuts. The 30-second spot, titled "A Good Idea Then and Now," uses 1963 footage of the late president arguing that tax cuts would serve as an economic stimulus. It's a message meant to bolster McMahon's position that the so-called Bush tax cuts, set to expire later this year, should be extended. Edward Kennedy Jr., the late president's nephew, sent a letter to McMahon this week asking the GOP candidate to pull the ad,...
  • Obama faces mutiny from own party as 31 Democrats demand tax cuts for the rich

    09/17/2010 11:47:37 AM PDT · by Niuhuru · 24 replies
    Daily Mail ^ | 7:16 PM on 16th September 2010 | By David Gardner
    President Obama was facing a mutiny within his own Democrat Party tonight over his pledge to deliver tax cuts for Americas struggling middle class. A group of 31 rebel Democrat congressmen and women have broken ranks to demand that all income levels are given tax breaks, including the wealthy. Mr Obama insists he is targeting Americans earning less than 160,000-a-year. But the breakaway Democrats fear that increasing taxes, even for the rich, could jeopardise the partys chances in the looming mid-term elections.
  • The Tax-Cut Racket(Krugman:GOP kills middle class with tax-cut)

    09/17/2010 5:53:47 AM PDT · by TigerLikesRooster · 13 replies
    PAUL KRUGMAN ^ | 09/16/10 | PAUL KRUGMAN
    The Tax-Cut Racket By PAUL KRUGMAN Nice middle class you got here, said Mitch McConnell, the Senate minority leader. It would be a shame if something happened to it. O.K., he didnt actually say that. But he might as well have, because thats what the current confrontation over taxes amounts to. Mr. McConnell, who was self-righteously denouncing the budget deficit just the other day, now wants to blow that deficit up with big tax cuts for the rich. But he doesnt have the votes. So hes trying to get what he wants by pointing a gun at the heads of...
  • Sorry: Obama Flatly Rejects Bush Tax Cut Extension For The Rich

    09/07/2010 6:24:04 PM PDT · by blam · 26 replies
    The Business Insider ^ | 9-7-2010 | Joe Weisenthal
    Sorry: Obama Flatly Rejects Bush Tax Cut Extension For The Rich Joe Weisenthal Sep. 7, 2010, 8:34 PM So much for the idea that Peter Orszag's piece in the NYT today was some sort of "trial balloon" on the part of the administration, to see if it might reverse itself on the matter of the Bush tax cuts. Turns out The White House is now directly going against the prescription put forth by its former CBO head (not to mention many others), as the NYT reports that Obama will flatly reject any calls to extend the Bush tax cuts. The...
  • Did Obama's $200 Billion Tax Cut Just Light A Fuse Under The Market?

    09/06/2010 7:42:41 PM PDT · by blam · 40 replies
    The Business Insider ^ | 9-6-2010 | Joe Weisenthal
    Obama's $200 Billion Tax Cut Just Light A Fuse Under The Market? Joe Weisenthal Sept. 6, 2010, 9:22 PM Futures have shot straight higher in the last hour. It seems possible that markets are reacting to the Obama's new $200 billion business bailout.[snip]
  • The Hidden Truth About the Bush Tax Increases

    08/17/2010 1:53:40 PM PDT · by Triple · 11 replies
    Real Clear Markets ^ | 08/16/2010 | Bill Frezza
    The debate rages over whether our country can afford to extend the Bush tax cuts for the rich. Progressives argue that the ballooning Federal debt is a legacy of these tax cuts. There is one unreported flaw in this argument. As data from the IRS show, George Bush did not cut income taxes. He increased them. In fact, Bush increased income taxes not only for the rich but for at least half of all tax filers. Only the poor paid less income tax under George Bush than under Bill Clinton. WHAT? Go to the IRS website and add up the...
  • Trump Urges Obama to Extend Bush Era Tax Cuts for All

    07/28/2010 6:55:21 AM PDT · by TigerLikesRooster · 10 replies · 2+ views
    Money News ^ | 07/28/10 | Dan Weil
    Trump Urges Obama to Extend Bush Era Tax Cuts for All Wednesday, 28 Jul 2010 07:46 AM By: Dan Weil Donald Trump, the real estate mogul and reality TV star, opposes President Barack Obamas effort to deny an extension of the Bush era tax cuts for people with income of more than $200,000 a year. Hes taking away a lot of incentives from a lot of people that produce a lot of taxes, Trump told Fox News. The cuts, enacted in 2001 and 2003, will be revoked next year for all income brackets if Congress does nothing. Obama wants Congress...